All What is Articles - Page 23

What Is a Microloan and How Can Your Small Business Benefit?

By Tricia Tetreault on August 6, 2019 | Financing, Startup Financing, What is | Comments (0)

A microloan is a small loan, generally up to $50,000, made to startups and emerging small businesses. These loans are offered by nonprofit organizations known as microlenders. Microloans typically have repayment terms of up to seven years and offer favorable interest rates that are lower than those available through online lenders. What Is a Microloan?…

Property Management Fees: How Much Do Property Managers Charge?

By Melanie Patterson on August 5, 2019 | Property Management, Real Estate Investing, What is | Comments (0)

Paying property management fees for someone else to manage your rental property can save you time and money. Management fees are typically between 4% and 10% of gross monthly rent, plus fees. Some companies charge a flat monthly rate of $100 or more. Fees include advertising, screening tenants, handling leases, coordinating repairs, and responding to…

Voicemail Drop: Definition, Cost, Features & Providers

By Robert Watts on August 2, 2019 | Sales, Sales Tools, What is | Comments (0)

Voicemail drop is software that sends a prerecorded message, or “drop,” into a voicemail inbox without the phone ringing first. This is useful for ensuring that messages are delivered to prospects for as low as just a few cents per message. However, it is also associated with spam calls, so it should be used sparingly….

What Does a Property Management Company Do & When to Hire One

By Melanie Patterson on July 31, 2019 | Property Management, Real Estate Investing, What is | Comments (0)

Property management companies are great for investors who want to be less hands-on or who live far from their rental properties. What a property management company does to help investors is they manage the day-to-day operations of rental property. Depending on the property, management companies typically charge between 4% and 10% of gross monthly rent….

Unified Messaging: Definition, Cost, Features & Providers

By Robert Watts on July 29, 2019 | Account Management, Sales, What is | Comments (1)

Unified messaging is the integration of different kinds of messaging, like email, text, and social media, into one platform. Unified messaging software typically uses application programming interfaces (APIs) to import messaging features at varying costs, but make it easy to stay in communication with team members and clients throughout your daily work life. What Is…

What is Upselling? Definition & How to Increase Sales

By Sheena Jones on July 29, 2019 | Sales, Sales Strategies, What is | Comments (0)

Upselling is a sales tactic where you offer your customers an additional product, service, or upgrade during or immediately following their initial purchase. Examples include offering extended warranties on laptops or premium features on a car. Upselling can be used to increase sales by getting customers to spend money besides the basic purchase. How Upselling…

Call Parking: Definition, Benefits & When to Use It

By Robert Watts on July 26, 2019 | Sales, Sales Tools, What is | Comments (0)

Call parking is a feature found on phone systems that allows you to put a call on hold at one handset and continue the call from any other phone. This helps you transfer calls throughout the office and also ensure security via a personal identification number (PIN). This is usually free with business phone systems….

Accounts Payable Turnover Ratio: Definition, Formula & Free Template

By Crystalynn Shelton on July 25, 2019 | Accounting, Business Accounting, What is | Comments (0)

The accounts payable (A/P) turnover ratio measures how fast a business pays its suppliers. The ratio is calculated by dividing total supplier purchases by the average accounts payable balance for the period. It can be used to identify payment issues, and it gives creditors a sense of your payment history with vendors. If you use…

What Is Customer Retention? Definition, Cost, & Providers

By Jason Aten on July 22, 2019 | Account Management, Sales, What is | Comments (0)

Customer retention is the effort businesses make to retain customers over a period of time. Because it is more expensive to find new customers than to keep existing ones, customer retention is an important part of any successful customer relationship strategy and can help your business be more profitable. How Customer Retention Works Customer retention…

What Is ADA Compliance & Who It Applies To

By Laura Handrick on July 22, 2019 | HR Laws, Human Resources, What is | Comments (0)

The Americans with Disabilities Act (ADA) prevents workplace discrimination and helps enable proper access to business facilities for disabled patrons. Workplace ADA compliance falls primarily under Title I of the ADA, workplace, and employment―ensuring your hiring, employment, and disciplinary practices are fair. ADA enforcement begins once your business reaches 15 employees or more. How ADA…

Is Intuit QuickBooks Capital Right for Your Small Business?

By Tricia Tetreault on July 19, 2019 | Business Loans, Financing, What is | Comments (0)

Intuit QuickBooks Capital offers short-term loans in amounts up to $100,000. These loans carry expected APRs ranging from 12% to 32% and repayment terms up to 12 months. If you use QuickBooks Online, have a credit score of at least 620, and annual revenues of $50,000 or greater, you may be eligible. Small business owners…

Federal Labor Laws & State Employment Laws

By Laura Handrick on July 17, 2019 | HR Laws, Human Resources, What is | Comments (3)

Federal labor laws, like the Fair Labor Standards Act (FLSA), and related state laws affect all businesses with employees. They govern workforce practices like overtime, minimum wage, on-call pay, employee breaks, and sick leave as well as hiring minors and preventing discrimination. Employer compliance with labor laws can help you avoid thousands of dollars in…