Five Things Seasoned Small Business Owners Can Learn From Rookie Entrepreneurs

AllBusiness. comWith age and years of experience, you, the seasoned small business owner, have developed a firm frame of reference and achieved a lot of wisdom. You’ve walked the walk and have built your company by applying what you’ve learned and staying the course. You have a lot to be proud of!But as time has gone by, you might also have found it’s easy to become complacent and resist change.

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With age and years of experience, you, the seasoned small business owner, have developed a firm frame of reference and achieved a lot of wisdom. You’ve walked the walk and have built your company by applying what you’ve learned and staying the course. Continue reading “Five Things Seasoned Small Business Owners Can Learn From Rookie Entrepreneurs”

What Every Small Business Should Know About 1099s

To make sure you understand the circumstances under which the IRS requires issuing 1099-MISC forms to vendors, I’m going to provide some basic “must-know” information here. What Is A Form 1099-MISC?You must issue an IRS Form 1099-MISC to each person you’ve paid $600 or more in services (including parts and materials), prizes and awards, rents or other income payments. The 1099-MISC only applies to payments you made in doing business; it does not apply to payments made for personal purposes. To Whom Do You Need To Send A Form 1099-MISC?If your business paid more than $600 to a vendor or sub-contractor [individual, partnership, Limited Liability Company (LLC), Limited Partnership (LP), or estate], you are required to send a Form 1099-MISC to document what you paid them throughout the year.

To make sure you understand the circumstances under which the IRS requires issuing 1099-MISC forms to vendors, I’m going to provide some basic “must-know” information here.

What Is A Form 1099-MISC?

You must issue an IRS Form 1099-MISC to each person you’ve paid $600 or more in services (including parts and materials), prizes and awards, rents or other income payments. The 1099-MISC only applies to payments you made in doing business; it does not apply to payments made for personal purposes. Continue reading “What Every Small Business Should Know About 1099s”

Start Your Own Online Shoe Business For FREE With Fibi & Clo

January 30, 2017 13 Comments This post may contain affiliate links. Please see our disclosure policy for further information. I love featuring women entrepreneurs on the site, but I get especially excited when it’s someone who is local and who went to the same college as I did. AnaLiza not only has a super cool business concept, but she also offers a really fun business opportunity in the fashion industry that is absolutely free to join!Keeping reading to find out more.

January 30, 2017 13 Comments This post may contain affiliate links. Please see our disclosure policy for further information.

I love featuring women entrepreneurs on the site, but I get especially excited when it’s someone who is local and who went to the same college as I did. Continue reading “Start Your Own Online Shoe Business For FREE With Fibi & Clo”

Top Marketing Automation Platforms For Your Small Business

AllBusiness. comMarketing automation is hot. All the notable reasons for this from three years ago still remain: limited human error, nearly infinite scalability, and the opportunity to get your message out without someone always manning the controls. Marketers are continuing to take note.

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Marketing automation is hot. All the notable reasons for this from three years ago still remain: limited human error, nearly infinite scalability, and the opportunity to get your message out without someone always manning the controls. Continue reading “Top Marketing Automation Platforms For Your Small Business”

8 Signs It’s Time To Upgrade Your POS System

AllBusiness. comWhen was the last time you updated your point-of-sale (POS) system? Four years ago? Seven years ago? 10 years ago? Do you even remember a time when you were able to refer to your POS software as being new?If you can’t answer that last question, chance are pretty good that your POS software could use a good revamping. Even if you’ve updated your software within the last five years, you could still be missing out on some pretty groundbreaking technology. But admitting your business could stand some streamlining is a far cry from justifying the time and money that inevitably goes into any major upgrade—especially one to your central means of sale.

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When was the last time you updated your point-of-sale (POS) system? Four years ago? Seven years ago? 10 years ago? Do you even remember a time when you were able to refer to your POS software as being new?

If you can’t answer that last question, chance are pretty good that your POS software could use a good revamping. Even if you’ve updated your software within the last five years, you could still be missing out on some pretty groundbreaking technology. Continue reading “8 Signs It’s Time To Upgrade Your POS System”

Five Steps To Becoming An Empowered Woman (Or Man) Business Owner

1. Access to external sources of inspiration and knowledge2. Self-respect and self-confidenceYou can sit around and wait for someone to empower you, or you can take the bull by the horns and take action to empower yourself. I will always vote for the latter of the two because it gives you more control over your entrepreneurial destiny.

1. Access to external sources of inspiration and knowledge

2. Self-respect and self-confidence

You can sit around and wait for someone to empower you, or you can take the bull by the horns and take action to empower yourself. Continue reading “Five Steps To Becoming An Empowered Woman (Or Man) Business Owner”

3 Accounting Terms Your Business Can’t Live Without

Avoided Accounting 101? Does the thought of interpreting financial statements make you cringe?You don’t want anyone to mislead you, or worse, take your hard-earned money right under your nose just because you didn’t understand key financial concepts. You need to be able to comprehend the importance of the accounting information that your CPA shares with you. Your recently purchased manual for new entrepreneurs probably didn’t emphasize the importance of gross margin, and your business could be negatively impacted if you are oblivious to this number. This number will help drive many key business decisions such as pricing and promotion.

Avoided Accounting 101? Does the thought of interpreting financial statements make you cringe?

You don’t want anyone to mislead you, or worse, take your hard-earned money right under your nose just because you didn’t understand key financial concepts. You need to be able to comprehend the importance of the accounting information that your CPA shares with you.

Your recently purchased manual for new entrepreneurs probably didn’t emphasize the importance of gross margin, and your business could be negatively impacted if you are oblivious to this number. Continue reading “3 Accounting Terms Your Business Can’t Live Without”

5 Ways To Boost The Impact Of Your Marketing Automation

AllBusiness. comDespite the potential that marketing automation offers to connect with leads and convert them to customers, many brands still use this marketing tool as simply glorified email distribution. The most successful companies use their marketing automation systems extensively, according to recent research. And yet 85 percent of B2B marketers using MA platforms feel that they are not using them to their full potential and only 26 percent of B2B MA users have fully adopted their system.

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Despite the potential that marketing automation offers to connect with leads and convert them to customers, many brands still use this marketing tool as simply glorified email distribution. The most successful companies use their marketing automation systems extensively, according to recent research. Continue reading “5 Ways To Boost The Impact Of Your Marketing Automation”

Hard Work Is Overrated: How To Work Smarter, Not Harder

AllBusiness. comEveryone likes to talk about hard work. You’ll see quotes plastered on break room bulletin boards. CEOs and entrepreneurs like to talk about it in keynote speeches.

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Everyone likes to talk about hard work. You’ll see quotes plastered on break room bulletin boards. Continue reading “Hard Work Is Overrated: How To Work Smarter, Not Harder”

6 Highly Effective Sales Training Techniques That Every Manager Should Know

AllBusiness. comA training manual is typically written with great care, following a style guide and listing every single detail in drawn-out paragraphs. It’s also likely to be forgotten, even before the sales rep gets their hands on it. While written documentation is helpful for referencing policies, the real way to train a new salesperson involves hands-on techniques that actually show instead of just tell a salesperson what to do.

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A training manual is typically written with great care, following a style guide and listing every single detail in drawn-out paragraphs. It’s also likely to be forgotten, even before the sales rep gets their hands on it. Continue reading “6 Highly Effective Sales Training Techniques That Every Manager Should Know”