Determining how to price a product or service is one of the toughest decisions for any startup. The implications of this decision are massive and will ultimately define a company's brand, funding requirements and long-term viability. To form an effective plan, entrepreneurs need to understand their markets, their customers and the basic pricing strategies used by most successful businesses.
Accountants spend endless hours looking for ways to save money for their clients. Unfortunately, many fail to recognize some effective ways to cut their own operational costs. By allowing accounting entrepreneurs to offload critical tasks, a virtual assistant can drastically increase productivity and allow professionals to focus on the things that matter most.
Throughout the country, countless businesses face data challenges related to sharing, security, storage and redundancies. Unfortunately, too many are held back by razor-thin budgets and what they perceive as narrow options. With cloud storage, both large and small businesses enjoy practical, cost-effect solutions for data storage and seamless sharing.Read More >
Trying to get the word out about your business on a limited budget? Your market strategy for your startup will really depend on your individual business goals, timeline and available resources. Search engine optimization (SEO) is generally cost-effective but it takes time. Pay-per-click advertising is more expensive but produces results right away. These are just two of many available strategies including social media, traditional public relations, and inbound marketing.
Consultants are a rare breed. They choose to eschew the stability and financial rewards of a day job in order to bring their unique perspectives and leadership abilities to many clients, sometimes all over the globe. But today’s consultant isn’t usually part of a large firm operating out of a traditional office. One can find consultants whose offices are really in coffee shops, co-working spaces, or other non-traditional office spaces. They need to be on a plane to where the client needs them to be at a moment’s notice—without worrying about how to pay the rent on traditional office space lying unused at the moment. This is why virtual offices are the perfect solution for today’s modern consultants.
What is the biggest drain of cash from your business? Usually most costs in small business are easy to anticipate such as rent, utility bills, payroll and insurance. But other expenses can quickly creep in, and revenue is always a bit of a soft target to hit. Some small business may struggle with late payments from big clients, or be experiencing a higher rate of staff turnover due to seasonal issues. It’s important to stay on top of these issues, so keep thinking of ways to stabilize your business and consider these steps for saving money in your small business.Read More >
According to the National Center for Charitable Statistics, there are more than 1.5 million nonprofit and charity-based organizations in the United States. That is a lot of people working hard for less money than they could earn in the private sector, just for trying to create some positive change in the world and help others in need. But it also means that there are at least one million organizations out there in America who are renting offices, paying for telecommunications support and Internet services, and even paying janitors to clean their offices, all when they really don’t need to. The concept of the traditional office is an outdated one. Much of the work of even fairly conservative nonprofits can be accomplished just as easily when nonprofit professionals are working from home, meeting at a central location, or working in the field. In fact, a virtual office may offer a nonprofit or charity organization enough benefits that they can spend more time working in the field with clients and less time at a desk working through the details of infrastructure and intake. Let’s look at some of the ways a nonprofit organization might utilize the features of a virtual office and then examine a rough timeline that demonstrates how a nonprofit might be able to pull the plug on their traditional office model.
Small business owners need all the help they can get, and accounting solutions can be one of the more complex issues for a small business owner to research and acquire. And let’s face it, running a small business is hard work. Adding onto all your other responsibilities the need to crunch numbers, balance income with expenses, and figuring out how much to pay your employees and how much to pay the U.S. government in taxes can be mind boggling. Fortunately, the right accounting solution can help you as a small business owner get away from all that number crunching and grunt work.Read More >
Why You Should Use Virtual Assistants to Reduce Costs
How Virtual Office Spaces Help Save You Money While Protecting Your ImageRead More >
In the business startup world, sharing really is caringRead More >