There's a lot of talk about how women are underrepresented in business. Although there are more women running Fortune 500 companies than ever before, they are only in charge of 6.4 percent of large corporations. Hearing these statistics, and knowing about the pay gap between genders, women may feel discouraged in the process of becoming entrepreneurs. But women in business have distinct advantages that men do not, which they can harness in order to excel.
Are You missing out on new technology?
Artificial intelligence (AI) has leaped from the pages of science fiction novels into the marketing mainstream. Twenty-six percent of marketers say AI is the next big marketing trend, and it's clear to see why. Machine learning algorithms, predictive analytics, speech recognition apps -- big brands use these technologies to maximize their marketing. It's no wonder, then, that the global AI market is worth a massive $7.3 billion, according to one estimate. But just how can you this technology to grow your business?
Finding a trustworthy and affordable credit card processor can be extremely stressful. It can also cause quite a few headaches for modern business owners.
While there are reputable providers out there, it will take some time and effort to find the best of the best.
If you want to ensure that you find the right credit card processor for your needs, try to avoid the following.
The success of any business comes down to one thing: How well your company can meet the needs of its customers. Repeat business and a growing client base are the result when you understand and deliver what consumers want. This requires communication, and the modern, peerless mechanism for the exchange of ideas is social media.
Whether you run a retail store with a constantly rotating stock or a service business like a salon or tattoo parlor, an inventory management system can help. Imagine pulling out your tattoo machine only to realize you're out of the color red. That can seriously limit your design options. What about running out of 30 volume developer at a salon? Sure, you can probably blend a mix of 20 and 40 volume to handle color, but the result won't be the same. With an inventory management system that’s part of your credit card processing system, you never need to worry about missing product.
Being able to process card payments is essential for small and medium-sized B2B AND B2C companies, especially as consumers increasingly choose to use plastic over cash. But when your funds are being held up or your account is frozen, it can slow down business. Some of the main causes for accounts holds and freezes include chargebacks or fraud. Moreover, your money can be held up if your processor requires a reserve fund investigation or if unusual activity occurs, including a sudden spike in sales. Thus, it's important to what measures to take to prevent account holds and freezes. Here are some tactics to consider:
If you are new to using a credit card processing service, you may find your credit card processing statement difficult to understand. If you're confused about the difference between interchange fees and processing rates, read on to learn all you need to know to understand your processing statement in full.
Nothing will result in a more complete standstill for your business than an issue with your business's payment processing abilities.
Regardless of whether it is a freeze on your processing ability, withheld funds or the termination of your processing account, these situations can often result in devastating effects for your business.
The good news is there are some things you can do to avoid issues related to merchant account freezes, holds and terminations, with five tips found here.
2018 Tax Updates and Changes
Good news for the American taxpayers... they have until April 17, 2018, to file their 2017 tax returns. Why? As per the I.R.S., the regular April 15 tax day is postponed when that date falls on a weekend or legal holiday.
The recent tax plan enacted by Congress for 2018 means a slew of changes as you file your return. Many of these changes might reduce your tax burden, so it is important to know what will affect you and how to pay your taxes for the year.
How Tattoo Shops and Salons Can Maximize the Power of Their Schedule
Across every industry, in every sized business, controlling appointments is the cornerstone of financial and organizational success.
For small businesses, balancing a great customer experience and consistently high-quality work with the need for a full schedule is a constant battle. Here are some tactics that small businesses can use to control appointments