Tag: small business

by Incredible Planet Staff

Why Web Development Services are Required for Small Businesses


Business

You might think that because your business is small that you don’t need the help of the experts, but you should make sure that you engage them. When you hire the best web development company in India they can help you with ensuring that your website is fully responsive and can be viewed on various devices. Let them take care of all of the hard work that is involved, including in the designing, creating and even future maintenance for your website.

Expertise

One of the main reasons that you need to hire the experts is because they have the expertise to ensure that the work is done properly. They would be able to look at your end goal and make sure that your website fits all of your needs, regardless of what that is. They will be able to come up with some design plans that you can look through, which would include the various pages, elements, content and more. Why bother trying to do it all on your own when you can have the experts take care of everything for you?

Functionality of Site

One of the top things that a web development company in India can help you with is to ensure that your website is fully functional. Not only will they make sure that everything is working properly, but they will also ensure that the customers would be able to navigate it easily. When you are looking at the site, then you need to check it out like you are the customer rather than the business owner. Ensure that your site can be easily navigated and that all of the required pages are there and simple to find for the users, which should be something that is talked about at the beginning.

Saves Time, Energy and Money

laptop

Another main reason that people hire the experts rather than hiring a new employee is because it saves your business money, energy and time. If you don’t have to hire another employee, then you can save money in regards to the salary, benefits and more. Also, if you are letting the experts take care of the work, then you will be able to do all of your other business related work without having to worry about if you have the time or energy to finish these tasks. Let them take the heavy load while you think about ways to grow your business.

No matter the size of your business, especially if you are a smaller one, then you need to engage the services of the top web development company in India. They will be able to assist you in all areas of the site, including ensuring that the design is completed. They have a great level of expertise and experience that would allow them to finish the work easily and quickly. They can also check to see that the site is fully functional, including with the responsive design and it can save you and your business money, energy and time.


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by Incredible Planet Staff

What Are The Perks Of Owning A Small Business?


Business

Owning a small business in today’s economy is ideal. It has more benefits than what most people would ever think. Just imagine the 28.8 million small businesses in the United States alone. These digits prove that small businesses are very attractive to marketing enthusiasts out there. Let’s find out why!

One of the best ways to familiarize yourself with a small business venture is by taking a look at the numbers behind it. What draws people to this type of entrepreneurship? What makes it so appealing to both new and established business leaders?

Insightful Small Business Statistics

When we experienced the global financial crisis in 2008, the small businesses were the key to the nation’s recovery from the recession. Despite the global economic catastrophe, 60% of the jobs created were from small businesses.

Small business has lesser chances of failing. According to the Bureau of Labor Statistics, 50% of small businesses will survive 5 years or more. Therefore, it is more likely to stay and that’s a great business characteristic to consider.

Also, small businesses have consistently played a major role in economic growth because they create so many jobs. With 56.8 million employees, it’s many more job opportunities than the large businesses have offered.

Moreover, 64% of small business owners start with $10,000 or less. 75% of them used their own personal finances as primary startup funding. Which means money is not a big issue for individuals who want to build their own small enterprise.

Your Potential Opportunity in Business

Experts say that a small and emerging company has the great advantage of being agile. And it can be a breeding ground for fresh ideas. Energy and creativity are more feasible in this entrepreneurial venture. When owning a small business, it’s easier to drive the economic engine and gain the financial benefits you desire. Whether or not some people don’t agree with it, small business investment is one of the most lucrative investments people can make over an entire lifetime.

FYI: Small Business Can Make Insane Profit!

A lot of business investors who employ small business ideas have generated more than their productivity goal. There is money in a small company and you can earn it in a very flexible way. It even has the ability to grow and produce cash flow to fund your other investment plans. So if you are thinking about starting your own small business, NOW is the best time.

 Owning A Small Business

Inspiring Reasons Why You Should Build Your Own

1. Independence as you’re the BOSS.

One of the greatest advantages of owning a small business is that you have the ability to direct the culture of your company. You’re in the driver’s seat. You steer your company’s future. Small business entrepreneurs can make their own decisions. It will also save you from having to work for anyone else.

You’re the one in control and that’s a pretty great thing. Also, a small business gives the owner a measure of financial independence. Which eventually allows a person to grow the business at his own pace and expanding profit margins. Learning is broader.

2. Your ideas are valuable.

Owning a small business means you create your own marketing plan. Although some people consider this critical, it’s an advantage because your ideas will matter. If you want to build or try something, you are free to execute. When thinking about the betterment of your company, you have the authority.

You lead. Your voice will be heard. You get to shape and flesh out your dreams and that’s truly exciting. However, be mindful. Not all ideas that will run into your mind are the best for your business. So it’s still advisable to seek others opinion.

3. You choose the people you work with.

This is important. People you work with can affect your overall performance. Therefore, it’s vital to work with someone whom you can easily get along with. Owning a small business means you get to pick your people. You don’t need a Human Resource department to do that. You can investigate on your own.

When you work for someone else, you rarely get to choose whom you work with. So use this advantage to surround yourself with positive people who can give you the confidence and optimism for better productivity.

4. Cost-effective and higher ROI.

This is probably one of the most exciting perks of owning a small business. Its affordability while receiving higher return-on-investment. Yes, there could be more money because you get to spend less in the beginning and you can get triple income as your business progresses.

Moreover, you may have lower debts and you can even avoid applying for loans. Because small businesses commonly don’t require higher finances. There’s a lot of great affordable small businesses ideas that you can consider. Just make sure that you make the right decision not to fall into small business pitfalls. That is still going to hurt.

5. You may have the option of a more flexible lifestyle.

If you work for a company, you don’t own your time. You need to do overtime sometimes which can take away some important family or personal moments. But, if you own a small business, you have your choice to raise your family and still have a successful career.

You can even run and manage a small business at home. Yes, that’s why statistics show that women own most of the small businesses. Because they get to work inside their house. They earn while still being able to perform their motherly duties.

To excite you even more, here’s a little bit more…

A small business can be small in size, but it’s ability to reach a wider range of audience is HUGE. It’s easier to introduce and promote to the public. Wait! Don’t think about big advertising productions. That’s not what I mean. In this social media era, you can sell your business anytime, anywhere.

One great example is the use of an explainer video to tell your brand’s story. You don’t need a PR team to do that. All you need is a high-quality and compelling Kickstarter video production on your website or post it on your social media account. Yes, that’s already marketing!

CONCLUSION:

In business, there’s no ‘instant success’. It’s not a lottery that you win, and you get a million dollar the next day. Any type of business isn’t an easy path to take. But with the right attitude and mentality, Corporate Success could be your destiny.

 

by Incredible Planet Staff

How to Improve Your Deliveries as a Small Business


Business

Providing a top-class delivery service where everything arrives with consumers, customers and other business partners on time and in good condition is essential for any company. With small businesses looking to build up an excellent reputation this is even more important, helping to retain your existing customer base and attract new ones. Even if your product is world class, should the delivery regularly encounter problems it can result in lower sales. Thankfully there are various ways your small business can improve its deliveries.

Communicate with Customers

From the moment customers place an order to the second it arrives at their door, it’s important to keep them in the loop. Don’t bombard them with five-minute text updates but if there is a delay for any reason, let them know as soon as possible. Providing a well-estimated delivery date is best, as research has shown over half of online shoppers want an estimated delivery date before placing an order. Letting customers know when their delivery is about to arrive or is at its destination can be helpful as well.

Offer Delivery Choice

Free shipping is a big perk for many shoppers, with a lot admitting to adding extra items to their cart to qualify, so it can be worthwhile offering if the financial aspect fits within your business model. Otherwise, providing plenty of choice in terms of deliveries can also be a good way to retain customers. Next day, same day and time specific delivery slots are highly valued by many, so you need to provide as much choice as possible.

Outsource

For small businesses especially, it can be best to outsource many services to save time and money. Deliveries are one area where it’s best to use a professional firm. Not only will they deliver a quality job and save you time to focus on further growing but if there are any issues most of the accountability will remain with the delivery firm. The likes of National Pallets are one such company for excellent large delivery services.

Use Electronic Data Interchange

The secure and automated exchange of documents through electronic data interchange (EDI) is a great way to speed up and make your delivery process more efficient. It gets rid of a lot of paperwork while enabling large volumes to be processed at the same time. Many large organisations use it to trade with their supply chains, but the same benefits will apply to small and growing companies too.

These tips should provide a good starting point for your small business to improve its deliveries, customer service and overall consumer experience.

by Incredible Planet Staff

SEO Strategies for Small and Medium Enterprises (SMEs)


Business

If you’re an SME business that’s keen on building a strong online presence, SEO needs to be an important aspect of your internet marketing strategy. In fact, companies that want to stay relevant and reachable in today’s digital economy cannot do without a sound internet marketing plan, whatever their line of business.

Whether you’re a local ecommerce store, service website or blog, investing in SEO and other key marketing tools is indispensable for the success of your enterprise. Here are some of the key factors you need to bear in mind when drawing up your SEO budget and strategy.

ROI on SEO

Any small time SEO company can get you likes and follows, but if you believe in organic growth that will result in real conversions and increased revenues, you must be open to investing in consistent and rigorous SEO promotion.

For small and medium businesses, a one- or two-member in-house SEO team can never achieve what a seasoned internet marketing agency can. It has the expertise to understand how google and other search engines work, what strategies must be employed to bring your business up to top, and what are the possible pitfalls of SEO manipulations google doesn’t approve.

So think hard before spending the dollars—what will give your greater ROI on your SEO spend: an experienced team of seasoned internet marketers or a one-person army with limited experience?

Content is King

Remember that when it comes to internet marketing and SEO promotion, high-quality content is still king. By generating content that’s worthy of being placed in the top search results, your Internet Marketing Team will not only ensure greater traffic to your website, but also reader/customer loyalty that’s hard to come by in these times.

With increasing automation and more and more people getting access to the internet, digital marketers globally are looking at some riveting changes in the search engine optimization has worked so far. But every seasoned marketer knows that great content will never lose its relevance in the world of digital marketing.

User Experience

While at one point in history user experience was the responsibility of website designers, today SEO teams are increasingly becoming aware of the impact UX has on visitor retention and return. Whether it’s the speed of your blog or website or the user-friendliness of its design or the ease of navigation, a website that appeals to a large spectrum of prospective customers is essential for any small business trying to scale.

Voice and Visual Search

Voice and photo-based search has grown by leaps and bounds in the past few years, and more and more businesses are recognizing the value of using images to drive traffic to their websites and social media handles.

Running a successful and effective internet marketing campaign involves all of this and much more, and if your business needs the boost, don’t shy away from investing in the latest SEO strategies.

Lastly, if you’re looking for tangible results in a small span of time, avoid hiring a rookie for the job.

by Incredible Planet Staff

Why Small Businesses Must Come Online


Business

Every business, big or small needs customers. Some do the hard work, while some do the smart work.  The business that understands the needs of online presence is going towards smart work as it has a lot many benefits added to it. Here are some of the benefits that you can enjoy while being online present.

  1. Customers find you

When your business is online, it helps your customers to find you easily through searches and can also help in increased conversions. How easy it is to find hair dresser, restaurant and bakeries these days by just searching it on Google or on the Yellow Pages. You can provide your business details, timings, information about your products, discounts, offers and even can sell your products online. These services serving online makes it easy to operate for the businesses and is also convinient for the customers to get all product information, details  on the same platform.

  1. Promotion

With cut throat competition these days, businesses are well aware of the customer needs and are pro active in providing their services to them. Several firms offer discount coupons , promo codes and people are majorly involved with such sites as businesses gets customers and customers gets their favorite products at discounted price, one such website where people gets engaged with is  mycouponpromotion.in offering several discounts and offers. These types of strategies help in growing the business as well as helps in brand building.

  1. Increase Credibility

 Businesses involved online have more credibility as they can be searched on search engines and people have trust on them. Whatever your business is, people search online for everything, and hence it becomes necessary to be present online. It also helps in increasing brand value for your brand and customers will remember your name for long. Businesses maintaining such credibility and trust enjoy customer satisfaction and loyalty increasing the overall dynamics of the business.

  1. Build Relationships

Relationships are not that hard to maintain, businesses are offering extra discounts to their regular customers and it is making customers loyal to them. Therefore in a long run, being online present can be very beneficial for your business. All it needs is a good business strategy that can attract your customers toward you and if you maintain good relations with them, it will help in for long.

  1. Reputation Management

Reputation management refers to maintaining your online reputation among the customers; it includes knowing what people are talking about your business, good or bad, what reviews you are getting for your new product, what impression you have in the minds of your customers. All these things can be monitored and improved in a period of time. You can clean the negative Online content from your website; fake bad reviews can harm your online presence to your valuable customers.

  1. Social Media

One of the best thing that internet has gifted is the social media. People from all aspect of society, politicians, comedians, business tycoons, sportsmen, everyone can be seen online. This shows the power of social media, it has huge potential to grow and businesses are using it as one of the major tools to target customers for each segment. Social media can be used to interact with customers, post images, videos of your product. Commenting publicly on social media can get you very close to the customers and can also know the customer reviews.

by Incredible Planet Staff

What Does Machine Learning Mean for the Future of Business?


Business

With technology changing at such a rapid pace, it can be tough to stay ahead of the curve. Whether you’re an executive looking to bring innovation to your organization, a small business owner trying to keep up with emerging trends, or a student trying to determine where to focus your studies, you want to make sure that you’re investing your time and money in technology that’s here to stay.

If you’ve been reading up on the top trend lists for 2018, you’ve probably seen the term “machine learning” popping up on almost all of them. Machine learning refers to a type of artificial intelligence in which computers are programmed to learn and improve from experience as they’re exposed to more data. So, what does this mean for the future of business? Here’s what the executive, the business owner and the student will want to know.

The Executive

Organizations around the world are already using this technology to transform their business. For example, Kanetix partnered with Integrate.ai on a project that leveraged machine learning to provide a tailored buying experience to their customers by predicting which users were likely to convert and determining a customer’s preferred method of transacting. The results? Kanetix.ca increased the conversion rates of their auto insurance by 13 percent and generated 2.3x the ROI on their marketing efforts. This is just one of the many ways machine learning can be used to build a better business, so as an executive it’s your job to determine how this technology can help you meet and exceed your organizational goals.

The Small Business Owner

If you’re a small business owner with a tight budget and a non-existent IT team, you’re probably wondering how you’ll be able to keep up with advances in machine learning. While partnering with a tech firm might not be on the horizon, you can capitalize on the trend by investing in a chatbot. Chatbots are computer programs that simulate human conversation, and they’re being used by businesses globally to provide around-the-clock customer service. Does your business have a Facebook page? If so, that could be the best place to start with a simple chatbot: more than 30,000 bots have been built on the Facebook Messenger platform since April 2016.

The Student

If you’re a tech-minded student wondering where you should invest your time, machine learning is looking like a solid career path. The role of Machine Learning Engineer was listed as one of the top five jobs expected to be vital for Canada’s economy in 2018 for a few reasons. First, The Canadian government’s Pan-Canadian Artificial Intelligence Strategy pledged $125 million for research into AI technology. Second, job postings for machine learning engineer grew by 150 percent in 2017. And finally, machine learning is relevant in several industries, making it an in-demand skill.

So what’s the key takeaway when it comes to machine learning? This top trend isn’t just “one to watch” – it’s something that is already changing the way that we do business every day and a solid technology to get behind in 2018 and beyond.

by Incredible Planet Staff

How Bookkeeping Differs From Accounting And Why It Is Important


Business

Are you in search of account management services for your business, and want to know if Bookkeeping is ideal for your needs? You may be uncertain as to precisely what Bookkeeping is and need more information before you make your decision. The following guide will assist you in learning the difference between accounting and bookkeeping, and determine if you should be outsourcing bookkeeping services within your organization.

What Is Bookkeeping?

Bookkeeping is a process by which a professional analyzes, records and interprets an individual’s or business’ financial transactions. It falls under the heading of accounting, in that it makes up the bulk of the process itself.

A bookkeeper works to put together financial statements for an accountant. The accountant then takes these statements to perform his or her tax and legal management in a manner that is proper and timely.

It is necessary that the bookkeeper create the appropriate financial records that serve to help the business keep track of details about its financial activities. It makes good business sense to have these records on hand, so that management can look over them and also have them for the purpose of remaining transparent with their financial status and practices.

Also, the records are required by law. According to legislation, businesses need to stay up to date on their financial records. This is especially the case when it comes to showing that they have paid their taxes.

Accurate and timely record documents are necessary to be kept by a business for a certain period from the point at which they were prepared. The period may differ based on what type of records they are, such as a longer amount of time for holding onto payroll documentation.

A professional bookkeeper should be able to conduct the following tasks:

  • Enter into transactions
  • Perform any reconciliations, checks, and end-of-year processes for the business
  • Conduct any necessary payroll duties and compliance with regulations
  • Make certain the business is up to speed with all of the management reports and legislative requirements
  • Put together BAS returns as an agent trained in BAS, or under supervision of someone who is a registered BAS agent
  • Offer up general support for business administration

Would You Benefit from Having Bookkeeping Services

You might be surprised to learn that all businesses should receive at least some basic bookkeeping services. No matter what type of business you are in and how busy you are, it is crucial you look into this for the sake of remaining in compliance with standards.

The difference between large and small businesses is that small businesses often will have a bookkeeper serve various roles. In addition to the above tasks, he or she also may perform Human Resource duties. This is a good way to save money, and also cuts back on having extra employees and departments that are not needed.

Bookkeeping is a growing business that has changed a great deal over the last few years. Now, nearly all of the work is computerized. Specialized software exists to do bookkeeping, and the role has been more clearly differentiated from accounting.

Reach out to us today to find out how bookkeeping can help your business.

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by Incredible Planet Staff

Online bookkeeping software features and effect on small business


Business

Online bookkeeping software is more and more a great alternative for small businesses nowadays, as it permits them to save money in place of regularly considering a specialized accountant for each monetary checking task.

Next to the cost-saving benefits of online bookkeeping software, greater expediency is an additional striking benefit. Consider all the trips to your bookkeeper that you will save as you can easily consider a number of your accounting computations via your personal system.

Accounting or bookkeeping software is reachable and offered via cloud. It authorizes small businesses to keep record of the whole thing from their bookkeeping and documents to their normal accounting requirements.

Not all small business bookkeeping software are developed uniformly. Neither is every solution the best match for your particular business requirements. That is why it is informative to know what every one’s potencies are over others.

Before we enter into that, it is also very useful to understand what the best and most widespread features of this kind of software are.

  • Basic Accounting Functions – This is a classification that includes the fundamentals such as income and expenditure checking, invoicing, monetary report dispensation, and client or vendor administration.
  • Task Automation – Any honest online bookkeeping software should allow you computerize billing, previous-unpaid notifications, and frequent payments, hoard the time and make you more prolific.
  • Contact Administration – You need software that maintains your client contacts or flawlessly incorporates into your present contact management software.
  • Creating Taxes – This feature involves smaller divisions like involuntary tax computations, tax and numerous tax rates’ details, and the ability to email any appropriate information and files to your bookkeeper in seconds.
  • Mercantile Account Support – You want to be capable of seamlessly accepting credit card payments, and this is the feature to make sure that.
  • Estimation and Quote Development – Your online bookkeeping software will characteristically have different pre-made and customized templates present to allow you create both estimates as well as quotes for your customers. Changing these into invoices involuntarily is a guarantee.
  • Payroll Processing – Your software should allow you do fundamental tasks like feeding timesheets, calculating pay, printing checks, and, definitely, paying your staff.

Here are some extra features that can assist in differentiating your selection:

  • Mobile Utilities – Probabilities are that you employ mobile more than computer nowadays, as many people do. It is useful and suitable to be able to deal with your accounting functions anywhere you are, whether on holiday, transportation, or just outside. This is very helpful if you are a business holder who takes trips a lot for work.
  • Incorporation into Third-Party Applications – Various businesses nowadays is about incorporation because your small business relies on details from different applications and tools. Any high-quality accounting software for small businesses should offer incorporation with POS arrangements, card-processing devices, different Google applications, inventory tools, ERP, and e-commerce solutions.
  • Multi-User Support – It is general for this software to give access to both you and your bookkeeper, so you are always on the similar page and do not have to do all on your own (you are still reimbursing your bookkeeper, finally).

Inquire yourself the below things when evaluating which software is best for your small business:

  • Does it offer a free trial?
  • Can it simply range with your increasing business?
  • Does it work effectively with your bank’s arrangement?
  • Can you limit access for definite users?
  • Does it direct you on even if or not you are complicit with usually established accounting standards (GAAD)?

Online accounting software makes your life simpler, but it is not going to assist if you do not know some fundamentals, initially. With that, here are a few tips to increase your profits from accounting applications:

  1. Give Software a Complete Trial Run – Various applications have free trials, which is your possibility to know even if it’s the best match for you, at no price to you.
  2. Know Accounting Fundamentals – Make known to yourself with fundamental accounting ideas before employing these applications like job costing, accounts receivable and fixed advantages.
  3. Double-Verify to Know if Your Bookkeeper Understands the Software – These applications don’t signify that you not require your bookkeeper anymore! They will just help in streamlining things and add to your output, but it is always prudent to inquire your bookkeeper if he or she is previously recognizable with the software you aim to employ, for efficiency’s point of view.

Online bookkeeping software will make your life as a small business holder simpler. It is not a complete alternative for your bookkeeper, however.

By keeping this in mind, do your study to know which featured app is the best to fulfill your business requirements, and initiate saving time, enhancing output, and concentrating on increasing your business in place of handling accounting issues.