Small businesses often think that putting together an employee handbook is unnecessary and a waste of precious time that could be otherwise spent on more important matters. Everyone knows the company rules in a small business, so why bother with a whole formal write-up? In a certain sense, small business owners and employees who question the wisdom behind a write up are correct to do so. A write up for a very small company is unnecessary, and can actually become a liability if the information that it contains is misplaced or falls into the hands of a competitor. However, a manual for procedures, whether for individual departments or for the business at large, is important for when a business is ready to be scaled up, as it sets up a framework for growth. Much like a trellis allows a vine to climb steadily upwards, so a manual allows a small business’ s departments to grow steadily with greater ease.  Here are some other reasons that

Rapid advances in technology have enabled employees to work effectively and efficiently without being physically located on-site at the company office or retail location each day. Telecommuting, or remote work, is a growing trend that is gaining global popularity, viewed as a great employee perk and a magnifier of potential productivity. This comes as no surprise when considering the benefits telecommuting offers to employers, employees and even to the environment. While employers can save on overhead costs, workers enjoy greater flexibility and all the good that comes along with a commute-free day. Last, but not least, telecommuting also promotes an energy-saving environment. Do  you wonder how much you could be saving by choosing to work from home? A telework calculator created by Govloop allows small business owners, in particular those who are on a tight budget because of bad credit, to gauge the precise amount of saving they could create through adopting a work from home policy. An annual savings of close to $3,000 and time savings of 78

An alternative to a bad credit business loan refers to a source of capital that small businesses can access, even if they have poor credit scores or other issues that would typically prevent them from getting approved for external financing. What is the importance of alternatives to traditional loans? At first glance, having multiple options for financing a small business outside of what is offered by traditional banks seems redundant. Business owners who are even aware of other options may be wary of them, as outside of the realm of a bank loan there are many different products and entities, some more beneficial for small businesses than others. However, when it comes to the question of whether or not these alternative capital sources are important, consider this; the average 7(a) loan amount in fiscal year 2012 was $337,730. Why is that significant? Because it demonstrates an important reality related to small business lending. The fact is, many of the enterprises we typically think of when

There are many ways to increase the bonds that small businesses share with their best customers, from rewards programs, to community events. When it comes to deciding how to stay in contact and deepen your rapport, it’s important to factor in the financing aspect for your small business, balancing your ambitions and you cash flow and ensuring that you get a good ROI on the money that you do spend while keeping your customers happy. One of the best principles that small businesses can espouse is taking what you already have and making it work more for your business. A perfect illustration of this concept can be found in the creation of a newsletter. So your small business has a social media presence? It’s also got a blog? Great! Then you already have everything that you need in order to put together a newsletter that can boost both your site’s traffic and the size of your social media presence. Here’s how it can work for you. Step 1:

With the arrival of November, flu season is officially here, and there are a lot of people getting sick and missing work because of it. according to the CDC, every year the flu costs businesses $10.4 billion in medical treatments. That’s a whole lot of lost revenue. Luckily there are steps that small business owners can take in order to protect themselves and their employees against the sickness that are very effective. The flu and the common cold are not the same thing. While they have similar symptoms, which include chills, coughing, aches, and a fever, the flu is the worse of the two maladies and those who are affected should stay home in order to avoid spreading the infection to others. If one of your employees reports having the flu, don’t make them come in to work, as the odds that they could pass the sickness on to the rest of the office are high. has resources for business owners or employees who get sick.

There is large number of small business owners in the US who, due to one reason or another, have poor credit scores. While credit can affect a wide range of things in a person’s personal life, including the rental of an apartment to things as wide ranging as the ability to find a spouse or get hired, it does not mean that life is over for the person who has it. On the contrary, small business owners with bad credit actually have more options open to them than many of them realize. The ability to obtain financing to grow a small business is incredibly important, and while some banks will fund bad credit business loans, usually backed by the SBA, many will find that the traditional banking institutions that they would typically approach when trying to access credit will turn them away as a result of an extreme aversion to risk. Some of the typical reasons that business owners seek bad credit business loans and their

While not every small business will be engaged in activities where an employee or customer could potentially get hurt, outdoor businesses, restaurants, factories and other, more physically oriented business models have an inherent risk of injury associated with them, even if it is only a small amount. If an injury occurs at your business, it is better to be more rather than less prepared for treating it. CPR is a set of techniques for caring for injuries or medical emergencies that can save or prolong the lives of victims as emergency health professionals are contacted and arrive at the scene of an accident. CPR is easy to learn and get certified for, and the potential to save a life is invaluable for businesses where there is a risk of injury, from major bodily harm, to minor accidents like choking. Here’s what small business owners should know about preparing their employees and themselves for emergencies with CPR training. What can business owners do to prepare for

As a business owner, your cash flow is like your pulse. At all times it should be kept strong through a knowledge of responsible spending as well as a cohesive plan for obtaining capital should the need for expansion, wage payments, or other pursuits that require liquid cash arise. The economic climate of the last few years has been a tough one for many businesses; bad credit, devalued property and assets and increased requirements on the part of banks have made small business lending into one of the most hard-hit parts of the financing world. The ability to easily apply for credit from banks used to allow small business who wished to grow the option to access capital at will. Today, when a business owner goes to those same banks, they are much more likely to be turned away. An additional problem that faces many business owners goes beyond the increased lending requirements that they face. High risk industries as designated by banks include some

You’ve heard the advice about how to create a viral video, and you’ve read all the tips on how to create SEO keywords, but what have you done for your brain lately? That’s right, in order to stay on top of your small business, you need to be thinking sharp and clear and the best way to make sure that all pistons are firing is to exercise your brain. Brain exercise is more than a new age concept, there is proven science behind the idea that, just like the muscles in your body, you can train your mind to perform at a higher level by engaging in the right exercises. According to the AARP brain health center, the five pillars of brain health are as follows: Physical exercise: Breaking a physical sweat, besides being good for your body at large, is also good for your brain health and can keep you thinking sharper. The reason? When you engage in physical exercise, you are strengthening the flow of

The financial climate of the US in the post recession period has been grim for small business owners. The collapse of Lehman Brothers triggered a severe clamp down in lending requirements on the part of major banks, and small business programs were some of the most hard hit targets, with collateral demands increasing at the same time that many small business owners experienced dips in revenue from depressed sales as well as devaluation of their homes and other assets that could be used to secure funding.  In an informative article from the Washington Post published July of this year, it was noted that small business lending rates were down not only in larger banks, but also smaller local banks and credit unions, frustrating the hopes of expansion of many business owners who think of these banks as the only sources of financing available to them outside of family. Defaults on loans or mortgages caused by revenue losses dealt another blow to US small business owners,

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