4 Ways for Startup Trucking Companies to Reduce Costs

Many entrepreneurs are starting to see the value of operating a business within the industry of truck driving. However, startup companies suffer from high failure rates, and new establishments survive on thin profit margins. On top of that, the trucker’s ongoing requirement to maintain equipment, buy fuel and do payroll can sometimes leave the short-term fiscal strength of a company in a precarious state.

Startup trucking business

So how does a business owner plan for growth in such a tumultuous situation? Increasing loads/deliveries could be an option, but it comes with the risk of employees getting infuriated from the increased workload. Luckily, a better solution exists.…

Continue reading →

What is CIBIL Score and How to Improve Your CIBIL Score?

Does the word CIBIL score ring any bell? Do you know what it is? Or why does it matter to you? Well, read on!

CIBIL score refers to 3 numerical digits which signify the credit history effectiveness of an individual. CIBIL stands for Credit Information Bureau (India) Limited who prepares a Credit Information Report (CIR) for every individual.

CIBIL score

This score is essential to evaluate and approve loan applications.

A Brief Intro

Founded in 2000, CIBIL is India’s first Credit Information Company. It is also known as the Credit Bureau and is regulated under the Credit Information Companies Regulation Act, 2005. By providing fair ratings to each individual, they play a major role in preventing loan risks.…

Continue reading →

Common Cybersecurity Problems Faced By Business Owners

Cybersecurity threats can come at your business from a variety of angles. Any time money and sensitive data are involved, there is a cybercriminal waiting in the wings trying to steal it. These criminals can operate from any location and are so digitally-savvy, they’re nearly impossible for authorities to catch.

Cybersecurity

New cyberthreats emerge daily, meaning it can be difficult for even large corporations and cybersecurity professionals to keep up on the latest security issues. Software exploits are the predominant culprit as face-to-face scams and data theft from banking and credit cards become harder for criminals to get past. To prevent theft and embarrassment, you and your employees need to stay up to date; reading up on the latest cyberthreats on Google News, social media, etc.…

Continue reading →

How to Strengthen your Personal Finance to Run your Organisation

Business operational

They say 90% of all startups fail. To succeed then, perhaps you should launch 10 startups?

Jokes aside, a major reason for startup failure is poor financial management (amongst other factors – such as a poor team or product). And often, such poor management is symptomatic of a bigger problem – poor personal finance habits. An entrepreneur in control of his personal finance is far likely to manage his organization well. This is why it is vital to follow some crucial good practices on the personal finance front – it translates into great results both on an individual and organizational level.…

Continue reading →

Small Business Financing: A Few Misconceptions Addressed

Navigating the lending landscape seems to be an eternal struggle for small businesses – thanks to the series of misconceptions associated with small business financing, in general. Small business lending rules that existed 10 years ago, don’t really exist anymore. If you have a credit score of 680 or above, some kind of collateral and some experience to boot, you will easily qualify for a loan right? Not really! As a small business owner, there are still chances of you being turned away.

Small business financing miscoceptions addressed

Considering the difficulties of securing a financial assistance from banks—a bank loan itself is considered to be a myth – i.e.…

Continue reading →

Why Your Home Business Should Have an Office

With more and more people deciding to work from home or starting up their own business venture, the idea of working at an office seems to be fading. Why wouldn’t it when you can work from the comfort of your own home, hang out at a café and log on to their free Wi-Fi or anywhere else you can get work done?

Home business owner working at an office

However, depending on what type of work you are doing, having an office may actually be more beneficial to your business than you realize. Especially if you grow to the point of needed to hire a team, you’ll want a dedicated, organized space meant for your business.…

Continue reading →

3 Things To Do When You Feel Like You’re In Over Your Head At Work

It’s not uncommon for people to occasionally feel more stress than normal regarding their job. But in most instances, this stress eventually subsides once that deadline passes or that presentation is over. However, some people may come to find that they feel like they’ve bitten off more than they can chew when it comes to their current job. They may be unqualified or ill equipped or simply unsure about how to proceed in that position. When this happens, it can be paralyzing to your self esteem and your career.

Work stress

So to help you move through this, here are three things you should do when you feel like you’re in over your head at work.…

Continue reading →

Should Small Businesses Adopt Cryptocurrencies?

The ongoing buzz around cryptocurrencies and what they could do for businesses in the future is one that doesn’t look to be dying down any time soon, creating wealth to businesses adopting it, as well as those who are in the forefront of the cryptocurrency revolution, such as The Winklevoss brothers and the others in the Bitcoin Millionaire club. One of the hot topics in the discussion currently, however, is whether or not small businesses should start to accept cryptocurrencies as payments in the near future. Here, we’re exploring exactly that.

An Introduction To Cryptocurrencies

By definition, a cryptocurrency is a digital currency that relies on encryption techniques to regulate and verify transactions, transfers and the generation of new ‘coins’.…

Continue reading →

Ways on How Web Hosting Affects SEO Business

Many entrepreneurs don’t consider choosing the best web host because they don’t realize the impact this could have on business. If you are running an SEO business, you need to invest in quality hosting. With the competition in the SEO field gradually soaring, it could prove difficult to make meaningful progress if your choice of a hosting provider is not the best.

Web hosting for SEO business

To help you see what you could get from choosing the right web host, here are ways in which a good hosting provider will affect your SEO business.

Uptime or availability

While running an SEO business, one of the channels of marketing you could be using is search engine marketing.…

Continue reading →

4 Reasons why Small Business Entrepreneurs should start Blogging

For a business, promoting the product or service is the biggest task that can take away a large part of the investment. This investment cannot be afforded by small businesses which majorly rely on online promotion methods. One of the most effective ways for promoting your product or service is by blogging.

Blogging for business

Yes, blogging when combined with social media will help small business in promoting to wider audience. Unfortunately, many small businesses don’t consider blog effective because:

  • It takes commitment of time and resources in term of money
  • They don’t have the technical knowledge behind running the blog
  • It can be difficult to come up with regular topics for posts about the business

To tackle those issues, you can always hire freelancers to help you out.…

Continue reading →