As the World economic forum kicks off in Cape Town, South Africa, this article suggests simple ways that small businesses in the poor countries of the world could keep their businesses above water. I. Keeping Proper financial records. The figures that a business generates are an index of its health and growth. However, many managers…
In the modern world, mobile technology and its applications are being aggressively adopted by all and sundry. Of all the mobile applications, text messaging is the most basic and important one, which the mobile users can’t do without. Being aware of this popular option for communication, many businesses have already started taking advantage of text…
The thought of accounting and bookkeeping for any business, let alone a small business can be daunting enough. However, it is one of the most important aspects for any professional business. It needs to be carried out on a regular basis to ensure that financial targets are monitored and met. Online accounting is a form…
I often speak to groups of small business owners and I keep hearing the same comment over and over again with many of them saying that marketers don’t matter or marketing doesn’t matter anymore. There are many reasons I’ve heard as to why marketing doesn’t matter: “all my business comes by referral,” “I never spent…
Expensive infrastructure, cost on setting up a payroll department, payroll software maintenance and training in-house employees has given rise to Software as a Solution (SaaS)-based payroll services. There are few companies that have initiated online payroll services to help businesses concentrate more on their other important core business operations. When businesses hire payroll services, they…
“Go Local”… This new mantra to shop local, buy local and go local, etc. has become a game-changer for the businesses. Eight out of ten consumers use search to find local information that means if your business is not optimized for the local search, your business is missing 80% customers. The local search engine is…
In the past, it has been suggested that offline or traditional marketing is the best way to: Spread your message locally Spread your message to a small targeted group Reach customers for a retail outlet Announce local events/sales Reach prospects not web connected Let’s take a look at #5 on our list. Since 2005 Traditional…
Starting up a small business can be difficult and getting to grips with financing, suppliers and taxation obligations will take more energy than anticipated. Finding the perfect premises is time consuming and can commit you to obligations you don’t feel ready for. If the physical space required by your business is small then consider using…
As a small business owner, you most likely spend quite a large amount of time trying to discern new ways to gain customers. Marketing can be a fun or stressful business. They key is to understand the types of marketing. Instead of sending your marketing budget in many different directions, you can choose a specific…
Vacation Pay is three weeks for employees who have worked for the same employer for five years. In Ontario, there are certain employment guidelines regarding vacation leave that provides rights to employees for time off with pay. Though there are some job categories that are exempt, most employers must abide by the Employment Standards Act…