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Posted by on Jun 12, 2017 in Finance, Ideas | 0 comments

3 Ways to Secure Your Business from Liability Claims

3 Ways to Secure Your Business from Liability Claims

No business is without risks. As a responsible business owner, however, it is your duty to create a safe environment for your business to operate in and manage your finances appropriately. Whenever unexpected events occur without you having an appropriate strategic plan, the results can be catastrophic. By mitigating such risks, you can reduce the chances of suffering financial loss from a liability claim. Liability insurance protects your business, employees, and third parties within the premises from unforeseen circumstances. However, even with insurance coverage, it is your role to secure the enterprise from liability risks through in the following ways. Identify Hazards in the Business Many firms get sued every year for accidents and injuries that occur in the workplace due to negligence. Falls are some of the common types of liability risks that can cost businesses thousands of dollars. You can mitigate these risks by identifying areas in your business premises that pose potential hazards. These include slippery floors, steps, staircases, misplaces furnishings, and uneven walkways. Take actionable...

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Posted by on May 5, 2017 in Featured, Finance | 0 comments

Tips For Drawing Investors To Your Startup Business

Tips For Drawing Investors To Your Startup Business

One of the hardest things about starting a business is finding enough money to get your idea off the ground. You probably have very little in the way of funds and a limited amount of time to secure finance. It is hard to get a potential investor’s attention and it is even harder to sell your idea within the few minutes that you might have to do so. However, finding money for funding growth is usually just part of the business life and something that you should become accustomed to. Just remember that every business started somewhere and below you will learn about some of the unique and inventive strategies that they used to draw investors. Know Your Competition One of the first and most important questions that your investors are going to ask is, what makes you different? You are probably not the first person to come up with the idea that you are pitching to them, so how are you going to make it an opportunity to...

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Posted by on Mar 29, 2017 in Finance | 0 comments

Here’s How P2P Lending Boosts and Diversifies Your Portfolio

Here’s How P2P Lending Boosts and Diversifies Your Portfolio

Are you tired of bank savings deposits that yield next to nothing on returns as a result of low interest rates? There is a growing revolution in practice that may put an end to this. Thanks to Peer to Peer (P2P) lending, individuals may no longer have to rely entirely on traditional banks for their savings returns and similar investments. What is peer to peer (P2P) lending? P2P Lending, or social lending to some, is a practice that allows individuals borrow and lend money directly to each other. In much the same way eBay eliminate the need for middlemen between sellers and buyers, P2P lending companies like Prosper and Zopa remove the need for financial arbitrators such as credit unions and banks. P2P lending services are the product of essential business, technology and growing social trends. With intelligent processes and algorithms developed over the years, P2P companies give individuals the same power as banks, thus enabling them provide even corporate loans. How does it work? Starting is easy. This...

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Posted by on Mar 23, 2017 in Finance | 0 comments

Small Things that Can Save your Small Business Money

Small Things that Can Save your Small Business Money

A big part of running a small business, especially in its infancy, is finding enough money to get the whole thing rolling and growing. Often times, SMB owners need to find new ways to survive before they can get into the black and stay there. Now, we all know that in order to save money, you have to do a few big picture things such as having a sound business plan and a well-though out budget; not wasting money on ineffective marketing techniques and hiring the right people. However, what about the little things? How about those seemingly insignificant savings that build up and provide you with much needed surplus by the end of the quarter? Today’s article is all about those little things. 1. Embrace Telecommuting Sure, telecommuting is famed for being a great employee engagement booster, but can it really save your small business money? It sounds a bit far-fetched, right? How much water or electricity can one employee use when they are in the office? In...

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Posted by on Dec 16, 2016 in Featured, Finance | 0 comments

4 Ways New SMBs Can Slash Costs While Staying Competitive

4 Ways New SMBs Can Slash Costs While Staying Competitive

Building a small business from the ground and up is a fulfilling endeavor – and a profitable one, too. Getting there, however, is a tough act to pull off. Did you know? 8 out of 10 startups fail within the first 18 months – an 80% failure rate! And in an analysis of 101 startup failures, #biztech company CBInsights found that “running out of cash” is the 2nd biggest reason why new businesses crash. Here at OnSMB.com, you can find a treasure trove of marketing posts that ultimately teach you how to grow revenue. But if a new SMB is to survive the competitive landscape, the business should not only make more money. It should also spend less than what it’s making. And in this post, we will look at how startups and small businesses can slash costs while staying competitive. Approach Recruitment With A Sales And Marketing Mindset Recruitment is identical to sales and marketing. With the former, you are selling your company as the ideal workplace for...

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Posted by on Sep 29, 2016 in Finance, Tools | 0 comments

Online Trading and its Benefits for Small Business Owners

Online Trading and its Benefits for Small Business Owners

Whether you’re trading part-time or full-time as a business, you need to find the right platforms from which you can execute your trading and investment plans.  The ever-growing popularity of online trading raises a question: Is it really beneficial for traders to use online trading platforms? Just to begin with the definition, online trading is the use of Internet-based platforms for traders to place buy and sell orders on investing instruments, such as stocks, securities and forex.  This allows you to trade 24/7. The introduction of high speed and affordable computers has boosted the use of online trading in the world today. It’s because the modern high-speed computers offer speed and reliable internet connections offer continuous access to the trading platform. Who can trade online? Anyone owning a computer, sufficient fund to open an account and has a good financial standing is capable of investing in the market of online trading. It isn’t necessary to have a personal broker to engage in this profitable investment venture. You can trade...

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