Tag Archives: small business owners

Is Micromanaging Your Employees Hurting Your Business? | AllBusiness.com

Many small business owners are guilty of micromanaging. It’s no secret that delegating tasks is often very hard for small business owners to do. After all, how many of you started your business thinking, “I can do it better than my boss can!” or something similar?

When you’re the best at something, it’s tough to let anyone else take the reins. But micromanaging can hurt you, your employees, and your business.

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Entrepreneurs Share 7 Smart Reasons They Use Business Credit Cards | AllBusiness.com

A business credit card can be much more than a convenient way to pay for purchases. These cards can also provide lucrative rewards, superior fraud protection, and can smooth out cash flow. According to the Federal Reserve’s 2019 Small Business Credit Survey, 52% of firms with 1 to 499 employees use credit cards on a regular basis.

Here, seven small business owners reveal the smartest purchase they ever made on a credit card, and why putting those purchases on plastic was a savvy move. In addition, you’ll learn strategies for making the most of your business credit cards.

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56% of Small Business Owners Have a College Degree | Small Business Trends

Digital technology is disrupting almost everything, which includes education. According to the self employment statistics in FreshBooks’ 2019 Self-Employment in America Report, college education is becoming less of a prerequisite.

The percentage of self-employed professionals with college degrees has decreased considerably in the last couple years. In 2017 it was 64%, followed by 60% in 2018 and it now stands at 56% in 2019. This doesn’t mean people are not getting educated. The only thing that has changed is how they’re getting this education.

A fact which supports this point is how much those with and without college degrees earn. In the past the earning disparity between high school and college graduates was significant, this is no longer the case. The report reveals there is no difference in revenue between businesses founded in the last two years for both groups.

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Delegation is Crucial for Your Small Business’s Health [Use These Tips to Start Delegating Today] | crowdspring Blog

Small business owners often find themselves taking on every task in their company.

But, as a business grows, this hands-on approach becomes harder to maintain.

A business’s ability to evolve depends on its leader’s ability to let go of that death grip on… everything… and learn to delegate without micromanaging.

But, despite the fact that hoarding tasks is exhausting and detrimental to business, it’s still a hard habit to break.

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How to Choose a Laptop for Your Small Business | Small Business Trends

Laptops continue to increase in popular for business use. And not only do they allow you and your team to get work done from anywhere. But many also provide all the power, storage and speed that you really need. And this allows you to perform your day-to-day functions.

However, with the increasing popularity of laptops, there are also more devices to choose from than ever before. Wading through all the brands and specs can get complicated, especially for small business owners who already have tons of other tasks on their plate.

How to Choose a Laptop

Whether you’re looking for a laptop that you can use personally in your home office or a selection of devices to supply to a small team, here are some helpful tips for those who aren’t sure how to choose a laptop for business use.

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10 Reasons Why Your Exit Strategy Is as Important as Your Business Plan | AllBusiness.com

Often in life, we wait until a change in circumstances to make a big decision. Exit planning is an example of something so many entrepreneurs put off. In business, our focus is firmly on the here and now decisions: marketing, HR, inventory, cash flow, etc. It doesn’t feel like there is the time or the impetus to create an exit strategy, especially if you don’t plan to sell soon.

But, you can’t be complacent about exiting your business. A study by Securian Financial revealed that 72% of small business owners have no exit strategy at all. The reality is it can take years to execute a successful exit, so the endgame needs to be in your mind from the start.

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Weird February Holidays Small Business Owners Can Use for Marketing | Small Business Trends

January’s going by in the blink of an eye as businesses of all sectors channel their energies into starting the new year as they mean to go on.

The good news is that while it might not be home to a ‘momentous’ holiday like Christmas or Easter, February is brimming with some wacky and wonderful holidays that offer business owners opportunity to promote themselves, extend their reach and ultimately make money.

Weird Holidays in February

Take a look at the following weird February holidays small business owners can celebrate and make money from.

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5 Small Business Grants for Women Entrepreneurs | AllBusiness.com

If you’re a woman business owner looking for financing to start or grow your business, one thing you may be dreaming of (aside from winning the lottery) is getting a grant. Unlike a loan that you have to pay back, or an investment in your business that requires giving up equity, a grant is basically free money that you don’t have to pay back.

Of course, that doesn’t mean grants are “no strings attached.” In fact, most grants typically come with quite a few strings. Similar to scholarships that are given to students to help finance their educations, grants can come from a wide range of sources: from the federal government to a wealthy individual, from a small nonprofit organization to a multinational corporation. What grants all have in common is they’re designed to reward organizations that are doing something the grant-giver believes is important. A corporation with a commitment to women might give grants for women business owners, for example.

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A Quick Guide To Low Cost Internet Marketing Strategies | Getentrepreneurial.com

When it comes to internet marketing, most small business owners are reluctant to start. They can only imagine spiraling costs in a highly competitive market – but with the right strategies, that won’t be the reality. In fact, you can conduct your internet marketing on a shoestring budget and still get your name out there. Here’s a quick guide on how to do it.

Use social media

This is the number one strategy that you will be using, and it should be a constant process. Social media is free, and that means you can do as much of it as you need to get those sales in. First, set up an account in your business name on all social networks – even if you don’t intend to use them all at first, at least you have reserved it for later. Set up a regular posting schedule, using scheduling software if you want to make it easier. Use hashtags and other best practices to ensure that as many people as possible see your updates and start following your brand.

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Why Small Business Owners Should Consider Getting an App | Duct Tape Marketing

As a small business owner, asking “why should I create an app?” is a lot like asking “do I really need a website?” was a few years ago. Sure, it was (and still is) possible to do much of what you need using a Facebook page, but they’re just not built to do what a website can.

While a Facebook page can, for example, show opening times, it’s not so easy to offer a detailed breakdown of lunch, dinner and a la carte menus. In that respect, Facebook pages are to websites as mobile websites/responsive sites are to mobile apps; they get the job done, just about, but you generally can’t use them to do EVERYTHING that you’d like to.

This post will cover a few of the advantages of creating your own app as opposed to using a responsive site or, even worse, not doing anything with mobile at all.

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