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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Lisa Hephner

Checking In on Small Business Optimism

Posted by in Tip of the Week

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While economists drone on about US economic indicators, such as 5% unemployment combined with slowing growth in jobs, low inflation, and a near record-high stock market, the small business people on the ground know that times are still tough. Just how tough can be gleaned from current surveys on small business optimism—which show a slightly gloomier outlook in May of 2016 than at the start of the year, and are down significantly from the start of 2015.

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PaySimple

Service Commerce Will Help Solve 5 Major Challenges for Business Owners

Posted by in Products and Innovation, Small Business

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There is a simplicity in the way a retail business operates that cannot be replicated in a business that sells services like landscaping, or dance classes, or that raises funds for a nonprofit mission. Solutions exist to help make running a business easier but they are largely built around the retail model where a customer meets a vendor, buys a widget, and then goes about their life. Conversely, a landscape business is often working with a customer that wants a weekly or monthly service provided. So when that customer buys their landscaping service the purchase needs to be tied to a recurring payment schedule, that is also tied to that unique customer. For a service-based business, that customer account that they are building is one of the most important pieces of insight into success for their business.

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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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Lisa Hephner

7 Must Read 2016 Research Reports for Small Business

Posted by in Tip of the Week

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These seven research reports, all published this year, provide valuable insights on small business markets and marketing, as well as general business, marketing, and security trends that affect businesses of all sizes. Use these reports to benchmark your company, and to craft the strategies that will help your small business thrive in 2016 and beyond.

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PaySimple

Getting Started with Credit Card Processing

Posted by in Accepting Payments, Small Business

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For many business owners, one of the first obstacles they’ll need to sort out and overcome is figuring out how they’ll accept payments from customers. This tends to prompt questions like:

  • “What type of payments should I accept?”
  • “What are the pros and cons of these payment types?”
  • “What are the costs of accepting payments?”

These are important questions that are difficult to answer when learning about payment processing for the first time. Credit cards are one of the most popular forms of payment among consumers and certainly an option you should consider for your business. In this article, we will cover the basics steps to getting started with credit card processing including how to get started and an overview of how costs and fees work.

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Lisa Hephner

Thwart Credential Thieves with These Password Management & Monitoring Tips

Posted by in Tip of the Week

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These tips help you start with unique strong passwords for every account, implement programs to manage them, and set alerts for potential compromises. When it comes to protecting the accounts critical to your small business operations (and all of your personal and business accounts) forewarned is definitely forearmed. And, the small effort it takes to put a comprehensive password review process and multi-factor authentication mandate into place can be the difference between minor inconvenience and business catastrophe.

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PaySimple

3 Ways to Grow Your Home Services Business with Online Billing

Posted by in Products and Innovation, Small Business

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Summer is often a busy time of year for home service and home repair businesses, from landscaping to painting and remodeling services. Many home services companies will ramp up hiring and invest more in marketing to get the most out of the season. As business picks up, the need for an easy-to-use billing solution becomes even more important. If your company is still using paper invoicing or collecting paper checks, there’s a good chance you’re losing potential revenue or receiving late payments.

If this sounds familiar, learn 3 ways you can improve your bottom line with online billing software:

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Lisa Hephner

4 Online Games That Help Hone Your Small Business Skills

Posted by in Tip of the Week

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Playing business simulation games can both help you take a relaxing break from the day-to-day grind, and also help hone your small business skills. Search for “online business games” on Google, and you’ll get millions of results, many of which are completely frivolous and unrelated to any actual business strategies. However, some of these games require real world strategies but are just capricious enough to make you forget your troubles for a while. Others are not exactly cute Anime or action packed, but they do let you creatively unleash your business acumen. These 4 are worth your time to explore.

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