is one of the largest user-generated review sites. Consumers use Yelp to find local businesses across various categories, such as restaurants, bars, shopping, entertainment, electricians, plumbers, contractors—and just about any other local service. To use Yelp for business effectively, build your free profile, respond to all reviews and inquiries, and use enhanced features and ads…
Ultimate Guide
The Ultimate Guide to Customer Service for Small Business
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…
How To Do Payroll in the Philippines: Ultimate Guide
Handling payroll in the Philippines is a bit different from doing payroll in the US. For instance, one big difference is that every US employee has a Social Security number, which is used to track the employee’s wages and tax requirements; meanwhile, in the Philippines, each employee has a tax identification number (TIN), which must…
Key Man Insurance: Cost, Coverage & Providers
Key man insurance, or key person insurance, is life insurance coverage a business takes out for an individual employee who is crucial to the financial success of the company. The business purchases the policy, pays the premiums, and is the beneficiary in the case of the death or disablement of the key person. A 20-year…
What Is a Section 1031 Exchange, and How Does It Work?
A 1031 exchange allows an investor or business owner to sell a commercial property, acquire another, and defer capital gains taxes in the process. The name refers to section 1031 of the United States tax code. When a property is sold for cash, the net proceeds incur a capital gains tax. However, if the investor…
Sales Performance Management: How to Get the Most Out of Your Team
Sales performance management (SPM) is the combination of processes and practices used to improve sales performance in order to increase revenues. Typically, it includes hitting individual sales quotas, organizational sales goals, and maximizing efficiency throughout the sales process. This article explores the best practices, helpful software tools, and provides an SPM example to maximize your…
TSA PreCheck: What It Is, How to Apply, and Benefits
TSA PreCheck is a government program that gives low-risk travelers access to expedited Transportation Security Administration (TSA) security lines at more than 200 airports in the United States. You’ll pay a nonrefundable $85 TSA Precheck application fee ($100 for foreign residents), which is due every five years for renewal of your membership. TSA PreCheck can…
Business Succession Planning: 5 Ways to Transfer Ownership Of Your Business
Business succession planning is a series of logistical and financial decisions about who will take over your business upon retirement, death, or disability. To write a succession plan, the first step is to identify the ideal successor to take over the business, then determine the best selling arrangement. This usually involves a buy-sell agreement, secured…