How Inflation Rates Affect Your Business

There are many factors that influence the success of a business and one of the most overlooked factors is inflation of prices. Inflation is defined as the increase in the general prices of goods and services in an economy for certain duration of time. During inflation, the cost of living is also increased. Apart from this, the purchasing power of money is decreased. A low inflation rate is good for a nation, while having zero or negative inflation is considered bad. A high inflation, on the other hand, is bad for the economy.

Is Your First Business Budget a Winner?

Drafting a realistic budget and sticking to it are among the first steps toward success in launching a new business enterprise, large or small.

Your budget, together with your business plan, is the roadmap that you will follow to ensure that your business is headed in the right direction and not spending beyond its ability to pay.

Trim the Budget Without Impacting the Business

Being a small business owner means you are in charge of it - all of it.

Sometimes you need to make some tough choices, especially when your budget tightens or income decreases. Those choices may mean letting some employees go or change how things affect your customers. But they don't always have to.

Keep Your Startup Safe

As a new business owner, you are already well-versed in the laws, rules and regulations surrounding business taxes and employee rights, and just about every other subject related to owning a business. But, did you remember safety? It should be one of the most important considerations in your day-to-day operations because just one customer or employee on-the-job injury can spell the end of your business, and put you in debt for years to come.

Is Your Business Data About to Be Breached?

Based on a 2012 study from Sage, the majority of small businesses back up important data like financial information, yet it is primarily done on-site. 

To make matters worse, only 38 percent of the businesses surveyed have a disaster preparedness or formal emergency plan.

Investing For Business: Five Convincing Reasons Why You Should Get Your Business Involved

There's always risk involved when it comes to business investments, but sometimes it takes guts to come out victorious in the end. A business can partake in several different major types of investments, but investing in another company is probably the most advantageous of them all. Here's why you would want to connect with other businesses.

5 Changes Coming To Employee Benefits In 2014

Companies use benefits to attract the best talent. Of course, this is costly to a corporation, and many are trying to reverse the trend and give fewer benefits to new and existing employees. This is the sad reality and an employee should understand the full picture when looking for a new job. With this in mind, here are five changes coming to employee benefits in 2014.

Negotiation Tips That Work Surprisingly Well

Believe it or not, sometimes the strategies we think will work in a business negotiation end up failing. No matter how hard we try to close a good deal, the unpredictable happens. What can we do to end a negotiation in our favor without following every trick in the book? Business people in general and expert negotiators alike are used to taking chances. They’re not afraid to use the most surprising negotiation tips and hope for a successful outcome.

Create a Better Working Environment for Your Employees

As a small business owner, you are the one that sets the environment for your employees.

Are they happy coming to work? Are they happy to be there? What can you do, as their boss, to make the environment welcoming and comfortable for them, while providing the optimum atmosphere for getting the most work done?

Make the Trade Shows Work for You

It’s easy to understand why so many people find trade shows frustrating. Sitting behind a table while a massive crowd marches past you, barely glancing your way, isn’t exactly a boost to one's self esteem. Thinking about how much money you paid (display space at trade shows and conventions is rarely cheap) just to be ignored can wear you down.

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