:: Small Business Vs Personal Credit
When Rep. Nita Lowey, D-N.Y., introduced the Small
Business Credit Card Act of 2013 to Congress back in June,
she was attempting to right a wrong that has persisted since
the original CARD Act took effect in October 2010.
The landmark law, which has increased transparency and bolstered
consumer rights throughout the credit card industry, does
not apply to credit cards branded for small business use.
And while Loweys bill has the potential to correct this
oversight, it has only a 1 percent chance of being enacted,
according to GovTrack.
The roughly 37 percent of small business owners who leverage
credit card debt each year must therefore learn how to get
by without important legislatively provided rights if they
wish to achieve debt stability and avoid losing money. CardHub
conducted a study analyzing the small business credit card
policies employed by the nations 10 largest issuers, and
the five major takeaways are listed below.
:: How to Do Market Research
Market research will help you understand your customers,
familiarise yourself with the competition and get to know
what people are prepared to pay for your product or service.
:: How to Write a Business Plan
The business plan is a map which every SME needs
to navigate their way to success. Here are top tips from
the experts on how to write the first part of this essential
:: IRS Cracking Down on
The Internal Revenue Service has sent out letters
to 20,000 small businesses since fall 2012, notifying them
of possible income under-reporting.
:: Hiring Tips for Small Business Owners
Small business owners face a long list of concerns:
taxes, health insurance costs, advertising, and state regulations.
As if that was not enough, having to worry about growth
of your company and how to add employees can add to the
stress. There are a few things to keep in mind when hiring
new employees that will help avoid any potential problems.
When thinking about your needs for additional staff, keep
a clear focus on required skills, job descriptions, and
expectations you have for a new employee.
:: Brand Personality On
A Small Business Website: Possible?
I scratched my head when a small business in New
York City asked us to do just that: build a website with
Then it occurred to me that small businesses should be even
better at projecting their personalities online than big
:: Virtualizing Your Small Business
Virtualization. The word evokes complex, pricey
technologies beyond the grasp of all but the biggest enterprises.
But virtualization offers many benefits for small businesses,
including cost savings and IT efficiency. And options such
as Oracles VirtualBox and VMware Workstation have put the
technology within reach of small business budgets.
Here are some suggestions for how you can leverage the power
of virtualization in your small business.
:: Arizona Small Business
Arizonas small businesses posted the nation’s
second-largest hiring gains in July, with 0.08 percent growth,
according to the latest Small Business Index from Intuit
That marks the second consecutive month of job gains, following
a 0.03 percent increase in June.
:: Mobile Trends for Small Businesses
Now is a good time to launch a small business and,
in order to succeed, there are a number of technology trends
small businesses should know about. Management author, columnist
and consultant Gene Marks offered his ideas on tech trends
to watch during the second half of 2013:
:: Small Businesses Should
Test Disaster Recovery Plans
As a rule of thumb, a small- or mid-sized business
should test its disaster recovery plan at least yearly,
or any time the business undergoes a major change. However,
most businesses are unprepared for common disasters such
as floods, hurricanes and cyber-attacks.
A recent survey suggests that 17 percent of businesses never
test their disaster plans and one-third test only once a
year, an article on EWeek.com reports. When they do test,
81 percent of respondents report problems, and 11 percent
encounter major problems or complete failure.
:: Social Media Tips for Small Businesses
So which social media site should you use? It depends
on the type of business you own, says Shama Kabani, the
founder of Web marketing company The Marketing Zen Group.
You should be wherever your customers are. A restaurant,
for example, needs to closely monitor online review site
:: How to Take Your Small
Business to the Next Level
Is your small-to-midsized business growing? As
a company grows, its needs grow too. While many companies
tend to evolve from one stage to another, more successful
leaders consciously guide their businesses through growth
stages, with a focus on streamlining operations and expanding
smartly and efficiently.
:: An Entrepreneurs Guide to #Hashtags
Hashtags are a key to riding todays social media
wave. But understanding what a hashtag is, let alone implementing
one, can be confusing for many small business owners --
even ones that consider themselves tech savvy. #smallbiz