More and more South African millennials are starting side businesses to supplement their income. With the possibility of earning an additional R3,000 each month on average**, it’s easy to see why. This is according to Jolawn Victor, Intuit QuickBooks’ Head of Emerging Markets, who says that although this is a way that South Africa’s youth are making extra money, subsequently it also promotes entrepreneurship which, in turn, will bolster the economy should these side businesses...
Millennials are asking more of the world than ever before – demanding businesses be socially and environmentally conscious, flexible and tech-savvy – which is certainly not a bad thing. Now in their 20s and 30s, they are no longer the work experience kids, but the new clients that could help move your company forward too. Businesses that fail to adapt to their needs, and tailor their products and services to be more Millennial-friendly, could well find...
The excitement of acquiring a new client can sometimes make accountants miss out on one of the most important phases in the accountant-client relationship: onboarding. This is according to Nadine Chetty, Cloud Accounting Specialist at E-Comm Accounting Solutions and Intuit Trainer/ Writer Network Member who explains that the onboarding process should incorporate training, technologies and orientation. “We need to train our clients on how we want them to work with us and show them that...
When your marketing plan aligns with your branding goals, your company becomes memorable to the masses. Nearly every business owner has goals, but how you define and carry them out often makes the difference between success and failure. Make sure branding and marketing align by following the 11 steps below to sync your business branding goals with your actions. Step 1: Create your branding goals If you don’t yet have branding goals for your business, your first step...
Asking for help is one thing; asking for financial help is another beast all its own. Yet many small businesses and startups turn to family and friends to help fund their company. Many entrepreneurs bootstrap or self-finance their business. But that doesn’t mean every founder saves up their own money, opens a line of credit, or seeks a bank loan. For some, it makes sense to ask friends and family for financial support. Tom Scarda,...
Your business idea is brilliant. Nobody else is doing it. You’ve got no competition. It’s sure to be a gold mine, right? Maybe. One mistake many new businesses make is thinking that just because nobody else is doing exactly what they’re doing, their business is a sure thing. Is there a good reason why no one else is doing it? The smart thing to do is ask yourself, “Why isn’t anyone else doing it?” It’s possible that nobody’s selling...
Businesses try a lot of advanced techniques to market and grow. But at the end of the day, most of your success comes from making as many sales as possible. To improve your bottom line and bring in as many customers as possible, check out these sales tips from members of the online small business community. Book More Sales Meetings If you want to make more sales, you first need to set up meetings with...
If you’re a retailer, you don’t need me to tell you how competitive the industry has become. Providing great retail customer service has always been important to business owners who take pride in their work — but today, it can be a matter of business survival. According to BPR Consulting, nearly two-thirds of shoppers will stop visiting a store after just one bad experience. Here’s why great retail customer service is so important. Great Customer Service Pays...
Do you struggle with scheduling for your small businesses? You have must make sure all your shifts are covered. But you also need to optimize the schedule to ensure as many sales as possible. So you need to take tons of things into consideration. Then create the perfect employee schedule. And keep labor costs and time off requests in mind. Creating the Perfect Work Schedule Check out these 10 essential tips to help you create...
You may call me “Captain Obvious.” But I will point out one of the most important factors in growing a small business. Make sure you are saving as much as possible when purchasing goods and services for your company. Now you may think everyone should know this. But many entrepreneurs aren’t sure how to maximize their spend. And don’t know how to ensure they are buying the type of resources their companies require. Creative Ways To...