Category Archives: Leadership

Jessie Van Gundel

Are you building the right growth strategy for your startup business?

Posted by in Leadership, Small Business

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Taking a business from an idea to a realization is a big accomplishment. Oftentimes business growth can catch a small business owner by surprise, they are so busy maintaining the business that they forget to make time to think about a business growth plan.

You might be wondering how you’ll know if and when your business is ready to grow. While every business is unique, there are some signs to look for. Take our quiz to see where you stand.

Take the Quiz: Is your business ready to grow up?

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PaySimple

7 Simple Ways to Keep Your Business Busy During the Slow Months

Posted by in Leadership, Small Business

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Depending on your industry and business type, one of two comments likely resonates for you during the holiday season:

  • “Get ready for the holiday rush!” (certain retailers and service providers)
  • “October is the last REAL month of the year, so we have to make the most of it.” (everyone else)

Many would agree that there are noticeable lulls during the holiday season that can seem unproductive. Consumers and businesses alike are often less engaged in November and December, so if your business depends on the typical M-F schedule, it’s time to get creative and stay busy with tasks that can have a major impact on your future success.

Kick the new year off strong with 7 things you can do right now:

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Jessie Van Gundel

Build a Foundation of Recurring Revenue for Your Service-Based #SideHustle

Posted by in Leadership, Small Business

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Whether you’re an entrepreneur at heart or just want to make some extra cash on the side, the Gig Economy is infiltrating our work lives and with it, the way we think about and manage our careers is evolving too. If you want to be your own boss but aren’t ready to set off on your own, or you want the best of both worlds (working for an employer with your side business humming along in the background), the key to this kind of flexibility and opportunity is establishing recurring revenue.

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PaySimple

The Holiday Season is Coming, is Your Business Ready?

Posted by in Leadership, Small Business

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The holiday season brings many opportunities for businesses to increase sales, increase brand awareness and be a part of a huge, nationwide campaign and focus. As the season approaches it’s important to start thinking about how you will involve your business in the shopping excitement surrounding the holidays. Many business owners aren’t sure where to start or approach their planning. The reality is that once you have a roadmap to follow, you’ll know exactly what pieces need to go into place. So, what should you be doing?

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Mary Mekeal

Streamlining Customer Experience for Language School Students

Posted by in Leadership, Small Business

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Since the Cincinnati Spanish School and Academy opened in 2004, it has continued to grow with the addition of new classes and new locations along the way. Today, the school has two program brands at each of its three locations. The Spanish Schools are designed for adult language learners while the Spanish Academies are focused on children. Specializing in immersion language learning for a broad age range has given the business an edge against its competition. I recently had the opportunity to speak with Megan Meconi, one of the owners, about her journey with the Cincinnati Spanish School and Academy, a PaySimple customer since 2013.

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Kate Martin

A Letter from Your Life—Chasing Balance

Posted by in Leadership, Small Business

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Dear Entrepreneur,

This is your life writing you. Perhaps I’m your partner, child/ren, parents, friends, pets or inner-self. Remember when you decided to become your own boss? You were tired of working on someone else’s schedule, toward someone else’s goals. You knew you could have it all—embrace your passion, follow your heart and run your business the way you knew it should be run, all while controlling your own schedule and having the best of both worlds with love for your work and time for your life! I’m writing to remind you about that second part…

This letter is a “not so gentle” shove back on track if your answer to the above was no. The following is a list of some really great ideas gathered from a variety of sources. I’m not reinventing the wheel here, just trying to get it rolling.

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Jessie Van Gundel

Learn How This Couple Started and Grew Their Tutoring Services Business

Posted by in Leadership, Small Business

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Seaver Chan started a tutoring business with his wife, Natasha, at the end of 2011. After graduating from college, they realized that they shared a passion for helping others learn through tutoring. With that realization they decided to start a private tutoring company, catering to their student’s needs in a way that was completely personalized and based on the student’s goals. This dedication to individualized learning has differentiated their business and driven their growth. They started with one student that they taught at the local library and now they have more than 120 coming to their center. I had the opportunity to talk with Seaver and ask him how he got started, what has contributed to their success and what advice he has for others.

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[Guest] The Benefits (and Dangers) of Refinancing Short-Term Debt with Short-Term Debt

Posted by in Leadership, Small Business

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Whether you’re just starting a business or moving a new product to market, it’s vital to keep your capital flowing. Many small business owners turn to loans to make that happen, and in recent years, a new kind of product has become popular for businesses that can’t qualify for longer funding—the short-term loan. Case in point: the amount of money that non-bank lenders provided for short-term loans doubled between 2012 and 2013, increasing from $1.5 billion to $3 billion.

Taking out a new short-term loan to refinance your existing short-term debt can be a bit scary, though. After all, you’re accumulating more debt with the potential for quite a bit more interest. But in certain situations, it’s a smart option for small business owners… The key is just to know when to use this strategy.

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Jessie Van Gundel

What does success look like for your business?

Posted by in Leadership, Small Business

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Through working with businesses owners that provide services since 2006, we have learned that these types of businesses have a unique set of concerns and goals—as unique as the reason they started their business in the first place. Their goals range from growing their local brand awareness to opening up a new location to taking a side hustle to and making it their full time gig. One thing is consistent among them, though, service-based businesses rely on building and strengthening relationships with their customers. They count on their customer relationships for word of mouth recommendations, for feedback on their services, and for repeat or recurring business opportunities that help them sustain their business. Knowing how important customer relationships are, how do you strategically and thoughtfully nurture this key component to success?

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