“They’re counting on businesses not paying their balances in full,” Clark explains. “They are hoping that small business owners use it as a personal line of credit, because it’s really hard to get a line of credit [from a bank] when you open a business.” If you don’t feel t...
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Creating stronger relationships with customers can result in increased loyalty and more sales. In fact, increasing customer retention rates by only 5% can increase profitsby up to 95%. As a small business owner, you have several options for meaningful interactions with customers online and offline....
A dearth of working capital is a problem for companies of any size, but it can be especially detrimental for smaller entities with fewer resources. While having cash on hand every month to pay the bills—with some left over—is a good thing,a lack of capitalcan prevent a small bus...
Hourly rates: Businesses pay for each hour spent on their project Per-project: Payments are based on the hourly rate but are billed as a fixed sum for a specific task Results-based fees: Payment is dependent on achieving a particular goal or milestone Monthly retainers: Entails a recurrin...
Learn more: AI business ideas 07. Facebook ad specialist What individual hasn’t used Facebook already? In the small business sector, however, there are many veteran business owners who aren’t successfully tapping into the plethora of resources that the social media giant has to offer. The...
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As market volatility surges, these hedge funds could offer investors more attractive risk-adjusted rewards.
The leading risks to businesses worldwide are cyber incidents, business interruption, natural catastrophes, and macroeconomic developments.2 5. Limit High-Risk Customers If you’re just getting started, immediately implement a rule that customers with poor credit must pay ahead of time, which will ...
The service boasts that it’s currently used by over 17 million businesses and that customers who use PayPal to check out convert at 82% higher rates than other payment options. That’s a pretty compelling reason to use PayPal. Luckily, adding a PayPal button to your checkout process is ...