Running a business takes a lot of hard work. Learning from the mistakes of other business owners can help you better run your business. The first mistake many business owners make, according to Brandon Lucero’s video on youtube.com, is trying to do everything themselves. If you do everything yourself than you are limiting the growth…
If you run or manage a business, then you likely know the importance of keeping up with the latest marketing trends. However, many business owners have overlooked the importance of monitoring changes in the way that customers pay for goods and services. The internet has changed how people spend and accept money, but the popularity…
There are so many different aspects that go into restaurant management. These tips will help you understand how to effectively manage your restaurant. The first thing you need is restaurant credit card processing. Some credit card processing companies have software that is made specifically for restaurants. Every restaurant should have a POS system, but finding the…
There are millions and trillions of entrepreneurs, but only a small fraction of those are successful. Within those successful entrepreneurs are some common characteristics. Shobhit Seth’s article on investopedia.com lists and discusses these characteristics. Passion and motivation are a must if you are planning on becoming an entrepreneur. If you are not passionate about your product, than…
There are so many new business being created every minute, how is your business going to stand out against all the others? Solving a problem that no one else has solved is the best way to ensure that your business will be successful. There are so many different businesses that all offer the exact same thing.…
Retailers are being negatively affected by chargeback fees. This means that they are having to pay for fraudulent or disputed transactions that have been made at their business. If these fees are not taken care of quickly, the fees will increase as well as cause fees on your merchant account. If you wait too long to pay these…
You’ve heard of the gradual shift from cards sporting magnetic strips to EMV chips, but wonder if there’s any real rush. The fact is that this technology, named after EuroPay, MasterCard and Visa, is quickly becoming the norm. Along with keeping up with the times, the importance of being EMV compliant also extends to protecting…
Every company should have a reporting system, but how centralized should your reporting system be? Determining the level at which your reporting tool should be centralized will depend on your business’s needs. According to Piyanka Jain’s article on forbes.com, there are 5 questions that you should ask yourself when trying to figure out the level of centralization…
New small businesses are being created daily, which is why it is important to look out for trends that can benefit your small business to help you stand out from the crowd. Adam Toren wrote an article on entrepreneur.com that discusses the top 6 small business trends. Adam begins the article by pointing out how…
You love your small shop and take delight in having things that your customers need. To make things easier for them, you accept electronic payments as well as cash. Most of the time, this works out well for you and for your customers. Now and again, the potential for credit card fraud appears. If you…