Customer service is the assistance you provide customers through their entire purchasing journey. This should be a part of every business strategy because satisfied customers translate to more sales, repeat purchases, and referrals. Here, we explore the importance of customer service, its difference from customer support, and the members and qualities of a good service…
Business owners working from home need home-based business insurance for losses arising from third-party liability and property damage. General liability and commercial property are the two most common types of home-based business insurance policies. The typical cost for both policies can range from $862 to $1,725 annually. specializes in custom coverage to fit your business…
Builder’s risk insurance is a specialized type of commercial property insurance available as a standalone policy or as an endorsement. It covers damage to a building project or renovation during construction and ends when the project is completed. Policies usually cover fire, theft, vandalism, and weather events, and costs range from 1% to 5% of…
To get an unsecured business line of credit, you’ll generally need a credit score of at least 600, six months’ time in business, and $10,000 in monthly revenue. However, specific requirements will vary depending on the lender. In some cases, having other strengths in your loan application can allow a lender to be more flexible,…
is a payments, point-of-sale (POS), and business management tool for small businesses. It has no contracts, minimum requirements, or upfront costs for any of its software or payment processing tools. The basic software is free, and any upgrades are billed monthly. Square deducts a flat fee on successful payment transactions, and you get low-cost hardware,…
Commercial auto insurance covers accidents involving vehicles used or owned by your business. Third-party liability coverage for injuries and property damage is required in most states. Providers also offer first-party coverage for your vehicle like collision or comprehensive. Commercial auto insurance costs can range anywhere from $700 to $2,700 per car annually. Regardless of the…
When starting your small business, separating your business from your personal finances should be one of your first goals. This will help you build business credit, lend credibility to your business, simplify tax season, and assess your business performance more easily. Keeping your business and personal finances commingled can cause significant long-term problems, including potential…
When opening a business bank account, it’s important to choose a bank that’s backed by the Federal Deposit Insurance Corporation (FDIC). FDIC insurance for business accounts protects you against all bank failures for up to $250,000 per depositor, per insured bank. This ensures that your business assets are protected even after a financial institution catastrophe….
