Tuesday, April 11, 2017

How to Keep Your Business on the Right Side of the Law

As a business owner, regardless of the size of your business, it is imperative to remain on the right side of the law and make sure that everything you do is done legally. It can be difficult to keep your eye on every detail and keep them peeled on all the legal regulations that are put in place due to the fact that there is so much to do every day when you are a business owner, but you must do it. There are no excuses for not keeping on the right of the law, especially not because you were ‘too busy’ or because you ‘took your eye off the ball’, and excuses certainly won’t be accepted in court. Below are a few basic ways to help your remain on the right side of the tracks.

Legally hiring legal employees

Hiring an employee that has not been granted legal permission to work in the country that your business is based in, or going through illegal procedures to have someone work for you, even if they are legal to work in the country, is illegal! To eradicate the first problem, the problem of hiring an illegal worker, you should search out an expert work visa lawyer who will provide you with expert advice on aspects regarding businesses and immigration laws.

Sunday, March 26, 2017

Benefits of Online Banking for Small Business

In the age of the Internet, you can do almost anything online. You can watch movies, shop for clothes, purchase plane tickets, and even manage your business with a simple click and a few keystrokes.

The surge of online banking in recent years has been a boon for businesses, especially for start-ups and small to medium enterprises. While it hasn’t completely replaced traditional banking, more and more companies are seeing the advantages of online banking as an industry resource. Here’s why.

It’s more convenient. Online banking means fewer trips to the bank. Most business owners can benefit from more time spent on developing and implementing strategies, for example, than going to the bank to perform routine transactions.

Payment deposits, employee payrolls, money transfers – you no longer have to interrupt your work schedules for these simple processes. All you need is an Internet connection and a computer or your phone. What’s more, you don’t even have to wait for business hours to transact with your bank.

Easier account management and monitoring. Some businesses prefer to have multiple accounts to serve different purposes. One account could be dedicated for paying bills and service providers, while another could be for internal budgets like office supplies and employee incentives. With online banking, you can easily enroll these into one account where you can monitor all transactions. You can even backtrack your account activity and print out transaction histories for your company records.

Friday, March 10, 2017

5 Keys to a Successful Trade Show for Small Businesses

Small business success is rarely easy. It can be challenging to build your brand with limited resources, but one simple way to get increased exposure for your business is to attend trade shows.

An industry trade show provides many benefits: it helps you increase your customer base, build relationships with other small business owners, connect with vendors, and introduce your product line to the public.

Since trade shows can be expensive, as well as labor intensive, the trick to getting a great return on your investment is to prepare well ahead of time. You need a clear idea of how you plan to set up your table or your custom pop up tent and a good strategy on how to engage visitors when they visit.

Here are 5 suggestions on how to do well with trade shows:

  1. Research the right shows for your company. You won’t be able to attend all the trade shows in your industry, so be selective about the ones that you do plan to attend. By doing your research for the year ahead, you’ll be able to benefit from the discounts that come from registering early. This could save your business hundreds, if not thousands, of dollars.
  2. Develop a team to develop a plan of action. You need lots of ideas on what to do and to assign responsibilities to various leaders to make sure that you represent your business in the best possible way.
  3. Create a budget for your trade shows. Think of trade shows as playing the long game: they will help you promote your business effectively in the fullness of time. In order to be able to afford to attend a few trade shows in the year, you will need to have a good idea of your expenses so that you can plan ahead.