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Small Business Blog - daily small business software blog

:: To Be Successful, Be Patient With Your Imperfections

09/28/2017
Even though I’m learning and growing daily, life is still challenging. The more I learn, grow and become better, new challenges present themselves to me.

I am learning, over and over again, that being challenged, making mistakes and not knowing what I am doing is part of life. And there is nothing wrong with that.

To Be Successful, Be Patient With Your Imperfections

:: 3 Ways Entrepreneurs Are Making IoT More User-Friendly

09/26/2017
The Internet of Things (IoT) is a rapidly evolving technology sector. As the popularity of connected devices increases with consumers, the number of entrants into the market grows. But rapid growth and iteration have had some unintended consequences in the IoT space, especially when it comes to usability.

IoT More Friendly

:: Outstanding Leaders Exhibit More Than Just Emotional Intelligence--They Have These 7 Traits, According to Neuroscience

09/24/2017
The topic of emotional intelligence (EQ) continues to dominate leadership conversations. Rightly so. However, in a Harvard Business Review (HBR) article that highlighted research by Daniel Goleman and Richard Boyatzis (experts on the topic), EQ is only the beginning.

Whereas EQ has an emphasis on individual psychology, there is a more relationship-based version called social intelligence. Social Intelligence, as defined by Goleman and Boyatizis, is a set of interpersonal competencies built on specific neural circuits and responses that inspire others to be effective. In other words, based on neuroscience and biology, there are certain leadership behaviors that elicit positive emotional responses in your team members.

complete article

:: Small Business Hiring Rises

09/22/2017
U.S. small businesses added more workers in July and plan to ramp up hiring in coming months. That is according to the National Federation of Independent Business monthly employment survey, due out later today.

Small Business Hiring Rises

:: Build a Following for Your Business with Facebook Watch

09/20/2017
A Look at Facebook Watch

The Facebook Watch platform, which will be accessible on mobile, desktop and in Facebooks TV apps, will focus on shows that have episodes that fit into a theme or storyline. And users can follow their favorites so that they never miss episodes. There will also be features to help users discover new shows that fit with their interests or that their friends are talking about.

To start, Facebook Watch will only be available to a limited number of publishers while Facebook grows the platform. But the company plans to roll it out slowly to more users in the coming weeks.

Build a Following for Your Business with Facebook Watch

:: How Small-Business Owners Should Be Using IoT

09/18/2017
By 2020, there will be more than 24 billion connected devices. This wave of connections is already impacting the way we live and work. Of course, for small-business owners, life and work are usually intertwined: Running a business is a 24/7 job.

Thankfully, the internet of things (IoT) can actually help small-business owners streamline their processes and work more efficiently. Think of those 24 billion devices and services as an opportunity to work smarter, not harder!

How Small-Business Owners Should Be Using IoT

:: Small Business Confidence Bounces Back

09/17/2017
After five straight months of declining or flat readings in small business optimism, Julys update from the NFIB showed a big turnaround. With economists expecting the headline index to come in at a level of 103.5, the actual reading came in at 105.2. This puts the index back within a point of its cycle high and indicates that despite a lack of progress in DC, small business owners are seeing improved conditions on the ground.

Small Business Confidence Bounces Back

:: How to choose a retirement plan for your small business

09/15/2017
Have you procrastinated about setting up a tax-advantaged retirement plan for your small business? If the answer is yes, you are not alone. Even so, this is not a good situation. You are paying extra income taxes every year that you could easily avoid. However, you still have time to set things right and line yourself up for major tax savings for this year and beyond. This column explains the basics about your tax-smart retirement plan options.

When you cut through all the technical details, you’ll discover that tax-advantaged retirement plans come in two basic varieties:

Defined-contribution plans, which come in several different flavors.
Defined benefit pension plans.

How to choose a retirement plan for your small business

:: Small Business Today: What Is in a name?

09/13/2017
It is common knowledge around the Friedman household that when Emily was born, if she had been a boy instead of a girl, her name would have been Ted. Katie was also going to be named Ted and so was Jenni. When a boy was born to us in 1994, just a few short weeks after we moved to Ankeny, to no one’s surprise, we named him Ted.

Small Business Today: What Is in a name?

:: Never Forget

09/11/2017

#neverforget - September 11th

:: 6 Things Your Small Business Needs to Spend More Money On

09/09/2017
Businesses are incredibly difficult ventures to start. More than half of all businesses fail within five years of starting, according to statistics gathered in 2016. While this is far better than the traditional belief that half fail within a single year of starting, it is still clearly a challenge to start and continue running a small business.

6 Things Your Small Business Needs to Spend More Money On

:: A Small Business Guide To Selling On Amazon: Be Ready To Compete On Price

09/07/2017
Amazon can truly be called a retail innovator, and since its inception as an online bookseller in the 1990s, it has forever changed the way consumers shop for products. Amazons reach is staggering -- nearly 50% of internet users in the US live in a household with a Prime membership and amazon.com receives more than 2 billion visitors every single month.

A Small Business Guide To Selling On Amazon: Be Ready To Compete On Price

:: Three Key Success Metrics Every Small Business Owner Should Focus On

09/05/2017
Your small business is up and running, and you have a product or service that you are excited about. How do you boost your chances of building a venture that will last for the long term? A government statistic shows roughly 40% of Australian businesses fail within the first four years.

Three Key Success Metrics Every Small Business Owner Should Focus On

:: Fake News Hurts Small Business

09/03/2017
Here is a fact: fake news is everywhere.  There is not a reputable news source out there distributing information with an objective, unbiased voice. It just does not exist anymore.

Where are the Cronkites, the Huntleys, the Brinkleys? In this frayed political climate, fake news seems to be at the very top of every discussion; it’s almost inescapable

Fake News Hurts Small Business

:: Hot Take: Why Are Small Business Owners So Happy?

09/01/2017
In other words, small business optimism is mostly a false front, not anything real about how he is expected to affect the economy. There was sort of a pent-up demand to rebound from the unwarranted fall in optimism during 2015, and when you combine that with a lot of support for Trump, you get a spike in reported optimism.

Why Are Small Business Owners So Happy?

:: 10 Classic Small Business Social Media Mistakes

08/30/2017
The try-out period for social media is long past. Even tiny businesses – even many who don’t even have their own websites – know they need to be on social.

10 Classic Small Business Social Media Mistakes

:: How to plan an exit strategy for your small business

08/28/2017
However, a business exit strategy not only means having a plan for the unexpected - including financial hardship, injury, disability and even death - it also means having a plan for the succession or transfer of ownership of your business when it comes time to hang up your hat and retire.

How to plan an exit strategy for your small business

:: How to Link From Your Content to Build Leads and Connections

08/25/2017
Whenever we create digital content, we reference other web pages, either for further reading or to give a credit. In most cases, we link out in order to create better content and provide the reader with more information on the subject.

But did you know that links can provide further value for your business? If you approach it strategically, linking out can actually bring leads and business contacts.

How to Link From Your Content to Build Leads and Connections

:: 34 Things You Need to Give Up to Be Successful

08/13/2017
1. Wasting five minutes.
When you have five minutes of down time, how do you spend that time? Most people use it as an excuse to rest or laze.

By lazing for five five-minute breaks each day, we waste 25 minutes daily. That's 9,125 minutes per year (25 X 365). Sadly, my guess is we're wasting far more time than that.

34 Things You Need to Give Up to Be Successful

:: A Startling Small Business Statistic

08/21/2017
Google reports that 60% of small businesses globally don't have a website yet.

:: Amazons Tepid Response to Counterfeiters Frustrates Sellers

04/19/2017
On Tuesday, independent tech publisher No Starch Press found out that Amazon was selling counterfeit copies of Python for Kids, one of its popular programming books. A concerned customer alerted Bill Pollock, the founder and publisher of No Starch. He immediately knew what he was up against, because Pollock has dealt with this problem before.

complete article

:: How and Why Your Small Business Should Be Recycling Paper

04/17/2017
Chances are, your business goes through a fair amount of paper. Even if you have tried to go paperless or cut back on printing hard copies of documents, you likely have some paper products that need to be disposed of.

But instead of just throwing away all of that paper, your business can recycle it. Recycling paper comes with many potential benefits and is relatively easy. Here are some tips for recycling paper in your small business.

complete article

:: Digital Marketing Strategies Small Businesses Should Adopt

04/14/2017
Digital marketing is a very broad term that includes website design, social media, online advertising, email advertising, SEO and more. This can be extremely confusing to the local business owner simply looking to attract more eyeballs on their site. They are typically too busy running operations to investigate which digital marketing strategies work best for their business.

In an effort to help local business owners such as restauranteurs, dentists, doctors, lawyers and any other service provider, I have put together the digital marketing strategies that all local businesses should adopt in 2017.

complete article

:: Top Cities for Millennials Looking for Small Business Jobs

04/12/2017
It is generally assumed that millennials are seeking jobs in coastal cities — New York, San Francisco, Los Angeles.

But new data from Indeed.com shows that millennials looking to work for small businesses are actually narrowing their searches toward inland cities.

Cities Where Millennials Want to Work for Small Businesses
In fact, when identifying metro areas where millennials are most often looking for work at small businesses. Oklahoma City topped the job board’s list, not L.A. or New York.

This is the latest crop of data looking at generational trends among job seekers.

complete article

:: 4 Small Business Trends That Are Steadily on The Rise

04/10/2017
A social media presence is considered a necessity and not a luxury.

Having a presence on social media has become an absolute must for almost all business ventures.

complete article

:: How Small Business Owners Can Avoid Sears Fatal Mistake

04/08/2017
Sears built its business dominating catalog sales, fulfilling the pre-smartphone on-demand demands of its clientele. This revolution in direct-to-consumer sales created loyal customers, a nationwide network of stores and decades of profit. Times became more challenging for Sears following the rise in popularity of Walmart, which offered similar goods for cheaper prices, and Amazon, which led the charge on ecommerce, and has spent billions of dollars on capitalizing on fast delivery.

complete article

:: How to make your small business ready for a potential cyber attack

04/06/2017
In a technology climate riddled with ransomware and other threats, there’s no room for complacency.

complete article

:: How to Create Your Small Business Retirement Succession Plan

04/04/2017
When it comes to retirement and succession planning, a recent Wells Fargo/Gallup Small Business Index survey suggests that business owners are not necessarily as prepared as they ought to be. Seventy percent of business owners surveyed say they do not have a formal written plan in place outlining what they will do with their business if they decide to retire or can no longer continue working.

complete article

:: Why Brick-and-Mortar Retail Technology Is One of the Best Industries for Starting a Business in 2017

04/02/2017
Tech startups can help optimize retailers' in-store operations and customer experiences, enabling them to keep up with competition from e-commerce companies. This category includes hardware and software such as sensors that track foot traffic, interactive tablets that boost customer engagement, and mobile point-of-sale applications.

complete article

:: 6 Tools You Need to Make 2017 Your Most Profitable Year Ever

03/31/2017
Getting there starts with breaking down profit into its components and using six tools to move those pieces in the right direction.

Profit is revenue minus costs. But to boost profit, it helps to break it down further into gross profit -- price times quantity minus variable costs (e.g., costs that increase with each unit of product you sell) -- minus fixed costs (e.g., salaries, benefits, rent, and utilities).

complete article

:: 4 Ways Small Businesses Can Compete Against the Major Competitors

03/29/2017
Moving into a new city or job can be daunting, the hassle of finding accommodation, the stress of moving personal items and most especially the people or city accepting someone new might not be pleasing.

The same applies to small businesses that are launching into an industry ridden with bigger competitors. For an SMB, finding a niche can be time-consuming but rewarding on the long-term.

In the article below, I will be sharing 4 effective marketing strategies for SMBs against bigger competitors.

complete article

:: The 5 Things No One Ever Tells You About Starting a Business

03/27/2017
Entrepreneurship is experiencing a romantic renaissance of sorts, a startup spring if you will. Everyone wants to hang a shingle on the back of their budding unicorn. It is culture and it is growth and it is hustle. Starting a business today seems to look really good on a t-shirt.

complete article

:: 3 Reasons Why Small Businesses Crash and Burn Online

03/25/2017
The internet is the perfect forum for small businesses to compete with big brands. Audience reach, social sharing and unlimited sales and marketing opportunities have leveled the playing field between big and small companies. Still, a surprising percentage of small businesses have remained on the sidelines. Either they do not have an online marketing strategy, or the one they are using is inadequate, and therefore unsuccessful. So why are some smaller companies not taking full advantage of this potent and indispensable marketing tool?

complete article

:: How to Avoid Double Taxation with an S Corporation

03/23/2017
Paying taxes is unavoidable, yet that does not mean you need to pay more than necessary. You can make smart decisions to minimize your tax burden, without running afoul of the IRS.

For small businesses and entrepreneurs, business structure impacts how you pay taxes, and potentially how much you pay as well. The biggest difference is whether the business is its own entity responsible for paying taxes or whether the business’ profits are passed along to the owners’ individual taxes.

complete article

:: 6 Ways to Think Outside the Box When Marketing Your Small Business

03/21/2017
Sometimes budget limits small businesses from executing their marketing ideas, but not every successful strategy requires a lot of money. Here are six outside the box ways to market your small business that are both inexpensive and effective.

1. Get personal.

complete article

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