If a business can manage its inventory and cash flow, it’ll likely continue to grow. However, nearly half of small businesses in the U.S. don’t track inventory or do so manually. These businesses are missing out on a major opportunity as there are many easy-to-use technology solutions for inventory management that can help monitor and report sales, stock levels, merchant relationships, supply, and demand.
For business owners, scaling your business and managing that growth effectively is always top priority. The good news is, if your business operates on a subscription-based model, there are tools available that offer an easy way to automate and simplify payments.
Imagine waking up to find your site bombarded by thousands of transactions. “Yipee!” you think. “My hard work is paying off.” But you look closer and see that all the purchases are small, and the vast majority are declined for some reason. You realize they’re fraudulent.
In an attempt at simplicity, some payment systems offer barebones solutions that don’t scale with your business. Authorize.net can provide valuable tools to help you design the best payment system for your business. Whether you’re looking to expand quickly or need to accept different payment methods, we can provide a cost-effective way to help you grow.
While an entrepreneur is accustomed to wearing multiple hats and being responsible for various aspects of their business, taxes are often one of the primary causes of frustration and stress. Being familiar with the different types of taxes can help you decide if you’re prepared to handle the task on your own or if it would be wise to seek professional assistance.
It's a given in the business world that it costs ten times as much to earn a new customer than it does to retain one. That's why fostering brand loyalty is so critical. Fortunately, any business can leverage the power of social media to nurture brand loyalty in any industry. Here are six tips that can help you make that happen.
Marketing is often an intimidating prospect for small business owners. How do you know which marketing strategies will be the most successful for your product or service?
Cultivating returning customers allows you to reap the benefits from these customers, including lower marketing costs, larger purchases, and dependable revenue.
Research shows that forgetfulness is the top reason bills are paid late. Because of busy lifestyles, some people simply overlook certain obligations. Consider implementing the following tips to help with ensuring timely payments from your customers.