Managing Payroll for Small Business

Payroll may be too cumbersome for businesses to do by themselves, not just because of the number of employees but because it is a process that starts with hiring and does not end until the business dissolves. Also, this is something that needs to be done regularly – mostly monthly although yearly tasks also remain. This includes big as well as small and medium businesses. For large-scale ones, the problem may include tracking the employees as well as filling forms and complying with tax provisions. Small organizations may, on the other hand, find it expensive and therefore budget draining to manage by themselves as well as their inability to employ professional hire. It is no surprise when studies find that payroll, along with tax make up the top options that are outsourced.

With all the accounting for the employees, with all the forms – like Employment Eligibility Verification, Employer's Quarterly Federal Tax Return, Additional Medicare Tax, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRA, Insurance Contracts – to be filled, With all the deductions to be made and submitted to the government authority, businesses may find that this process is consuming their time and resource. The course to ease this can be found by choosing among one of the two alternatives: outsource it or make use of applications. It is up to the discretion of the management on the choice to be made.

If outsourced, the business can rest assured regarding the accuracy of data. There is assurance that forms will be filled in time, errors relating to this issue will not arise. This is so because the outsourcing company employs professionals who make sure everything is up to the task. The economy of scale is something that cannot be achieved by most of the organizations. Like the other option, this also means the business does not have to bother about anything related to payroll. The difference being this option means the business may have a sense of loss of authority when opting for this method.

But with the help of payroll software, one can do the task by oneself. The software may come as standalone whereby they specialize in this function only. Or, this function may come bundled together in accounting applications. This method has the advantage of being easy to use, and even with someone not an expert in this topic, this can be managed adequately. Only a basic knowledge about us of the application does the job.

With times, the applications have come with the option whereby businesses can manage their payroll from anywhere, cloud computing facilitating the process which means that the business can access and modify data from anywhere. In addition to giving the management (or other personnel as the need be) the control of data given by apps, what is also possible is the advantage of the simplicity that apps bring forth. Recently, users seem to switch to this latter mode for managing payroll.

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Local SEO For Small Business

Small business needs SEO especially at the local level. For example, if someone is searching for a restaurant, they are going to look in their local area first. Local listings improve your visibility and help you rank higher in the search engines even if your main business can appeal to larger searches.

Do you have your business listed with local online search engines?

You should be listed in the following directories: Yellow Pages Online, Yahoo Local, Bing, Google+ and your Cities local online directories. When your business is linked to local directories, it is much easier for people to find you. You can increase your rankings on these sites by asking satisfied customers to post reviews underneath your business listing and click the thumbs up, like +1 etc.

Link Building is another way to get your business ranked in the search engines.

You can do this by adding comments and links to other businesses that are similar to yours. You can also cross promote with other businesses and offer to swap links. Make sure that you build your links slowly and naturally. Regulate them by doing a few one-day and a couple the next. This way the search engines won't penalize you and think you are spamming.

Promote Your Business on social media platforms.

Use social media platforms like Facebook, Twitter and Google+ and they should reflect the location of your business. It is nice to have lots of followers, but they mean nothing if these people don't become customers. Target your posts towards your local community. You can post specials, video and images to grab the attention of your followers.

It could be something as simple as, mention you saw this post or tweet today and get a 20% discount off your next purchase. You increase the reach of your business and encourage more customers to visit. It is a great way to get re-peat business and build relationships with your customers.

Online advertising

Pay per Click advertising is one of the most powerful ways to target your local community. Use geo-targeted PPC for your online campaigns. For example, your business is in Denver, Colorado. You may run ads that target specific areas of Denver. People who aren't in this geographic area should be excluded.

It's all about getting the right kind of traffic to boost your sales and get your customers to come back again and again. These are just few ways that you can use local SEO for small business to boost your online presence.

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How to Generate Small MLM Business Success

Success does not come to those who wait, it comes from hard work. There are key steps in a MLM business that one can take to make the work easier. There are no fool proof methods, only experience and experimentation can help in the end. The tools offered here may help some business owners achieve results. But, as with any tool, it can only be used as a general foundation that should be built upon. Even a house needs a little work or remodeling as the family grows or shrinks from like. Don't let one or two failures determine the future of the business. Learn and adapt from the situations. Two main points today include audience targeting and technology implementation will be discussed.

Get your MLM business audience to engage
The biggest key to your MLM business success is to get your audience to engage with your marketing. By engaging with your marketing, they are showing interest in the topics that you have researched and developed based on the "prospects" needs. Sounds problematic and it is, but take a look at why you joined the company and you can see a pattern from your steps. People around the world are facing similar issues, take dive into social media and do some research to see what other MLM business owners are talking about. Ask questions, post polls, get feedback before you launch a major campaign.

Your MLM business will do better if you have done the leg work first. Your chances of success will nearly double if you have done your research and developed material that helps by providing extreme value. Such formats can be presented in a way that is appealing without sacrificing quality of your message. Make sure that you include a call for action at the end of your informational message. This will help guide those who are interested in learning more about your business.

Using Technology to build MLM business success
Technology in most aspects can enable you to achieve MLM business success. Every piece of software and hardware may present advantages for your business. There are also limitations to such tools, such as costs and parameters that may not be beneficial for your business. Engage with your audience through these tools, share your messages and go for short term achievements, as you work towards a greater level of independence. Short content that talks to your audience will do better than content that shouts at them.

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Small Business Liability Insurance Quote Overview: Quick Introduction to Business Insurance Coverage

All businesses, big and small, need commercial general liability insurance. There are many things that could put your finances at risk, and without adequate coverage, your entire company could be affected. Look online to learn the laws in your state and local jurisdiction to find out the minimum amount of insurance you need, and then conduct a search for a small business liability insurance quote. You can get multiple quotes at once and compare them to see which one offers the right amount of coverage for your business needs.

If you have any employees, the federal requirement will require you to have workers' compensation, disability insurance, and unemployment. Keep this mind when researching policies and comparing quotes.

The best commercial insurance providers will have custom policies tailored around each type of business and industry. For those involved in the real estate industry, there are special "real estate" business insurance policies that cover everything a realtor needs. Certain industries are obviously going to require more protection than others, namely construction types of businesses and who have to deal with machinery.

Small Business Liability Insurance Quote for Professional Liability

There is also "professional liability insurance" that is designed for small businesses that provide some type of services to customers. It protects against financial losses as a result of errors, negligence, malpractice, etc. Even if you just provide services out of your home, you should still look into getting a small business liability insurance quote for "home-based business". One option is to add the coverage to your existing homeowner's insurance to protect your equipment and any kind of possible liability coverage for 3rd party injuries.

You should always assess your risks. Carefully think of anything and everything that could possibly go wrong with your business that will cost you money. Look for a quote that includes coverage that will protect you from all of those things.

Your choice of an insurance provider is equally as important as the policy itself. Check a company financial history and current financial situation. A company that has been around for a long time and is currently strong financially is ideal. Also, customer support should be very reliable – especially if you're new to business insurance and aren't exactly sure what you are getting yourself into.

Where is a good place to start looking for a small business liability insurance quote? One company that offers great custom policies and affordable rates is Hiscox Insurance Company. Whatever kind of liability insurance you are looking for, this company will offer really good solutions.

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Securing a Small Business Loan

Insufficient funding is one of the top reasons why 80% of businesses fail within the first year and a half. As a business owner, not only do you have to cover all operating expenses, but the time and effort needed to succeed means you will almost certainly have to bid farewell to your day job and regular pay checks. Unless you've saved up enough to pay for everything for at least 18 months, you will probably have to find other sources of funding.

However, here we encounter another problem. A recent survey cited by the Credit Union Times showed that only about one-fifth of small business owners – incidentally about the same rate of successful businesses – rely on a small business loan. The survey showed that 62% were fearful of taking on a loan and almost one-fourth of respondents think they would not be approved for one. A Harvard Business School working paper by Karen Mills (Administrator of the US Small Business Administration until 2013) showed even more discouraging statistics. Banks continue to apply measures that restrict small business lending since the financial crisis hit, since such loans are generally always riskier than those to large businesses. Loans amounting to $ 1 million or less – the domain of small businesses – have gone down 21% since 2008. These loans were made up half of all bank loans in 1995, but only 30% in 2012.

So what can you do to have a better chance at securing a loan?

As the saying goes, "The devil is in the details." Given the stricter requirements of banks, you will need to come up with a very convincing plan that shows your business will truly make a profit. Each number presented has to be supported by hard evidence or at least some realistic projections backed by in-depth research. There must also be a clear plan as to where the money will go and how it will influence your business's success.

Aside from this, your entire personal finances will also be scrutinized, so make sure your taxes, mortgages, credit cards, assets and liabilities, and even your credentials are all spotless and in order.

The bottom line is, if you believe in your business idea and do the necessary due diligence in coming up with a sound budget and business plan, there should be no reason to be denied a small business loan. Otherwise, you may want to reconsider quitting your day job.

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Make Dry Ice Blasting Your Small Business Opportunity

What is dry ice blasting? Dry ice blasting is a form of abrasive blasting industrial cleaning that uses a solid form of carbon dioxide known as dry ice. Pellets or ice is shot through pressurized air stream of either one hose or two hose machines.

Which system is best? Most systems today are the single hose technology. Technology using the single hose was created by the Cold Jet company in 1986. One advantage of the single hose system is that it avoids the possible dangers of a pressurized hopper by the use of a quick cycle airlock. Another advantage of the single hose system is that it has more power and you can use a longer hose.

Making massive money! There are many ways to make money cleaning with dry ice. Many people prefer dry ice blasting for paint removal, because it is less harsh than sand blasting. Another great business opportunity is to clean food processing equipment. Because it can decontaminate surfaces that could contain salmonella and e. Coli. Dry ice can clean without residue so the environmental protection agency prefers it to many kinds of solvent based cleaners. The aerospace industry also uses dry ice blasting to sensitive equipment like clean semiconductors. Manufacturers are also a great business opportunity because cleaning with cold can be used for maintaining their equipment and can drastically reduce their down time.

The freeze jet is just one of several different types of dry ice blasting equipment. For around $3,000 you can usually purchase a dry ice blasting machine.

What about safety? How safe is this type of industrial cleaning? Cleaning with cold (normal pressure is -78 c(-108 f) can be toxic if the concentration is over 1%. Asphyxia can be caused because of oxygen removal so dry ice must be used in a well ventilated area.

Safety Equipment: Typical safety equipment will include a positive pressure blast hood or helmet. Air hoses are attached to a grade D pressurized air supply, which is mandated by Occupational Safety and Health Administration (OSHA). Also using ear plugs for hearing protection is part of the usual safety equipment. Body protection usually includes gloves and overalls as well as a leather coat and chaps.

What fees can I charge? How much money can I make in this industrial cleaning business? Total typical fees can range in the $300.00 per hour range, so it can be one of the more lucrative types of industrial cleaning.

The Benefits of Dry Ice Blasting: This type of industrial Cleaning meets EPA, USDA, and FDA guidelines. Has less clean up of the waste material. Extends the life of the equipment. Cleans more thoroughly. Reduces or eliminates equipment damage. Provides a safer cleaning environment. Is Non-polluting and environmental friendly. Can destroy and eliminate bacterial and fungal growth.

How can I get started? You can get started with your small business by beginning with a business plan. A business plan is a formal statement of business goals, reasons they are attainable, and plans …

Expanding Small Business Financing Opportunities For Your Business

Small business financing is often the only way for some businesses to get the capital they need to open their doors, expand operations, or develop new services and products. However, the Great Recession created some significant hurdles for personal and business loan applicants who boasted less-than-perfect credit scores.

However, recent investigations suggest that banks are starting to open their doors to business owners in greater numbers. Although credit requirements remain above what they were before the recession, lending has indeed warmed up for many business owners. Where many businesses were just "treading water," they've now entered an era of cautious and optimistic growth.

Another positive sign in small business financing is the improved cash flow in the nation's major banks, which has led to increased lending activity and an overall reduction in average commercial loan rates. With the recession fading into the background of the economy, small businesses that have been waiting for an improved economy are finding that banks are willing to deal with businesses that might have had shortfalls a few years ago. Small businesses and fledgling companies that have been conservative in hiring and expansion efforts post-recession have finally become eligible for loans.

According to data compiled by the federal government, one of the major sources of small business financing today has been loans through the Small Business Administration (SBA). One of the reasons why looking at banks that provide loans that are guaranteed by the SBA is a savvy way of obtaining a business loan is because the government list of banks represents lenders who are already interested in making loans to small entities. Looking at these banks reduces the time a business owner might need to spend to find commercial lending opportunities. It's also a good idea to locate a bank with loan officers who have prior experience with SBA loans.

However, getting business and commercial loans still requires a solid application. In small business financing, one of the most powerful features of a loan application is the business plan. Banks are much less likely to hand over a check if the business plan isn't fleshed out, accurate, and professionally written. A business plan with typos or a lack of information on cash flow, budget, and fiscal projections won't impress a loan officer. Some small business experts advocate hiring a business plan writer to ensure the final document is as professional as it can be when it's sent to the bank.

The government has taken an interesting step in encouraging growth of small business by reducing the fees associated with SBA loans. Borrowers already enjoy SBA loan rates that tend to sit below traditional loan rates, but low fees on certain SBA loans may make these small business financing methods even more cost-effective than they were in the past. For example, loans under $ 150,000 no longer have fees and short-term loans guaranteed by the SBA also feature lower rates than many standard bank loans. This means that brand new start-ups or businesses that are …

The Four Stages of ‘Change Curve’ Small Business Owners Should Know

The ‘Change Curve’ is a helpful tool for small businesses to understand the stages of personal transition each employee undergoes. Kubler Ross developed this model to explain the grieving process (Shock and Denial, Anger and Fear, Acceptance and Commitment).

This model helps small business owners predict how employees will react to a change, and advises how to help and support the employees through their personal transitions.

An organization does not change just because of new systems or processes. It changes because people within the organization adapt and change. Only when people within the organization make their own personal transitions can the organization benefit from the change.

The Change Curve model

The ‘Change Curve’ model helps small business owners understand the stages of personal transition and organization change. This model comprises four stages that employees go through as they adjust to a change.

Stage – 1: Shock and denial

Stage – 2: Anger and fear

Stage – 3: Acceptance

Stage – 4: Commitment

Stage – 1: Shock and denial

This is the first reaction that small business owners notice in their employees – they react to the challenges to the status quo. This reaction is seen more in experienced and established employees because these employees are indifferent to new systems and procedures. They feel uncomfortable because of the fear of the unknown, fear of doing something wrong and lack of information. They feel threatened and fear failure. Under these circumstances, they normally take it as a friction rather than an opportunity.

What do the employees need here?

Employees may experience this stage multiple times. To get over it, employees need information, need to understand what is happening in the organization and need to know how to get help from the organization.

Note: This stage affects particularly those employees who have not experienced any major change before.

What should the organization do?

At this stage, it is the responsibility of the owners to communicate with their employees and educate them about the benefits that they will gain by adapting to new systems – personally and professionally. Remember not to overwhelm your employees by flooding them with loads of information at a time, or they may even be more confused.

Stage – 2: Anger and fear

This is the second stage that is seen in the employees. As employees react to a change, they start expressing their anger, concern, resentment or fear. They may resist the change actively or passively. This stage could be dangerous and if the organization does not manage it carefully, it might result in chaos.

What should the organization do?

At this stage, the small business owner should handle employees’ objections carefully. Since reaction to change is personal and emotional, it’s impossible to prevent it from happening. Therefore, the organization should try to address the employees’ experience and iron out the issues as early as possible.

Note: As long as employees remain at Stage – 2 of the Change Curve by escaping progress, the change will be unsuccessful.

Stage …