How Small Businesses Save With Cowork Solutions

Whether you’re expanding, want a more professional environment or are just sick of working alone, there comes a point for every small business where your home office is no longer the right environment.

However, you may not have the finances or a business requirement to rent a permanent office space.

Coworking space

There is another option. One that is more flexible and cost effective compared to a traditional office space: coworking.

An estimated 3.8 million people will use coworking spaces by 2020 and many small businesses are turning to this way of working.…

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3 Procurement Tips for Small Businesses

Anybody running a small business will know only too well how many different hats they have to wear in the average working day. Strategy, operations, business development, staffing, finance and customer relationship management, to name but a few.

Procurement

As a result, procurement can often be treated as a low-priority issue that gets very little attention or strategic focus. This can be a big mistake when you consider that small and medium sized businesses spend at least 50 percent of their sales revenue on procurement of input services and materials.

Put that way, it is easy to see the impact that even a small improvement in procurement efficiencies could have on your bottom line.…

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Commercial Building Owners Should Hire a Public Insurance Adjuster to Negotiate Their Property Claim

Commercial property damage claims can be daunting to file and negotiate. Many times, this leaves the business with an inconvenient choice:

  1. Hire an attorney to handle their claim, or
  2. Rely in their insurance company’s adjuster to maximize their settlement.

But there is a third, lesser-understood option: The licensed public insurance aduster.

Working with a licensed public insurance adjuster

What Doeas a Public Insurance Adjuster Do?

The adjusters are professionals hired by a homeowner or business owner to assess and manage damages/losses that should be covered by an insurance policy. They manage the settlement of insurance claims on behalf of their clients to ensure proper reimbursement is received, and nothing is left unchecked.…

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How to Reduce Stress Through Better Time Management

Your daily routine involves clocking in 10 hours at the office, going home to wolf down a quick dinner and then getting right back on your laptop to fire off a few more emails.

Stressed out entrepreneur

By the time night comes around, you fall into bed utterly exhausted but unable to switch off, a million and one thoughts about bills and forgotten jobs chasing each other around your head.

That’s just life as an entrepreneur, right?

Think again.

Being a small business owner is hard work, don’t get us wrong.

But feeling stressed, tired and running yourself ragged 24-hours a day isn’t a longterm strategy for success.…

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Social Media Marketing Mistakes Small Businesses Should Avoid

As small business owners begin marketing their company on social media websites like Facebook, Twitter, Instagram, Pinterest and the like, it’s easy to go overboard when attempting to build your fan base and convert them into customers. Sure, social media platforms are powerful, they have hundreds of millions if not billions of potential customers congregating on them, and they’re excellent platforms to build your brand and find loyal customers.

Social media marketing

It’s unfortunate but many companies still make big mistakes with their social media accounts. Since three quarters of the people online use social networking in one form or another, using these accounts wrong could have a negative impact on your business.…

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Attract Talent With Affordable Benefits

As a business owner, you probably already know you’re in a race to attract the best talent. Large, multinational corporations can deploy enormous resources to keep highly-educated professionals working for them, while startups can sell big dreams and lucrative options plans to get people to stay on board. That might leave small and medium sized businesses pressured to find and retain the right talent.

Hiring

Employees consider perks and benefits a key part of their career. Getting rates on insurance, and offering dental care is simply scratching the surface. To attract the right professionals you need to offer something special. Of course, that doesn’t mean you should try to replicate Silicon Valley-style indoor slides and in-house chefs.…

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5 Excellent Ways to Foster an Innovative Team Collaboration Environment

When you have a superstar team heading your startup or established enterprise, there’s nothing that can really stop your business from pushing forward, on an upward trajectory.

Unfortunately, so many businesses still miss this fact, instead sticking to accepted office traditions, and relying too heavily on management to put their stamp of approval on everything. Fostering a more innovative environment is as easy as changing things up a bit and considering new ways of running your team.

Team collaboration

Here are 5 excellent ideas for bringing your team closer together, to push the business to greater heights:…

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Top Tips for Ensuring Your Company’s Payment Processes Are Secure

While procurement officers are obviously focused on ensuring that payments are made on time at all stages, it is also important for the security of transactions to be considered too. Unfortunately, in this digital day and age when we constantly use our computers to complete tasks, and where hackers find ever more sophisticated ways to gain access to networks and systems, companies are at more risk of digital attacks than ever before.

IT security

Thankfully though, there are numerous things you can do to protect your organization when transactions are finalized. Read on for some top tips you can follow today to ensure payment processes are secure as possible.…

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Need to Get Cash Flow Back on Track? Here Are Some Tips to Help

With so many funds going out of a business bank account to pay for procurement and other costs, it is easy (and very common) for organizations to often struggle with cash flow as a result. However, cash flow is the life blood of all ventures, and needs to be kept track of closely if a business is to steer clear of financial woes, staff layoffs and even closure. If you need to find ways to get your organization’s cash levels more even, read on for some tips you can follow today.

Stressed out business leader

Track Cash Flow Closely

The first step to take if you want to get on top of cash flow is to consistently track it.…

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The 5 Biggest Cybersecurity Threats to Home-Based Businesses

If you’ve heard it once, you’ve heard it a thousand times: Just because you have a small business doesn’t mean that you are immune to hacking or other cyberattacks, or that you can let your guard down when it comes to cybersecurity. These days, small businesses, even home-based micro businesses, are just as vulnerable to attacks as major corporations, and the effects can be devastating.

Ransomware attack risks

Unfortunately, despite this reality, many home businesses aren’t adequately protected against the biggest threats to their livelihood. While your business may have protections already in place, such as powerful internet security software, firewalls, and encryption, there are still risks of which you should be aware.…

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