Software Suggestions for Improving Small Business Efficiency

We often recommend adopting new tech solutions for common small business productivity and efficiency issues we encounter during Corporate Business Solutions consultancy sessions. Nowadays, companies can easily download apps and enjoy enormous benefits. Here are some of the software programs we recommend for improving workplace efficiency:

Mint: Mint is a personal finance management software. It’s a great tool that business owners can use to track personal and business expenditure. The program can be used for free, but you can access many premium features that benefit small businesses with the paid version. Mint is also web-based, so there’s no need for downloading.

Huddle: This is a program that enables better collaboration between workers to improve overall efficiency. Huddle is cloud-based, so many people can access the program at once. It makes it very easy for employees working on the same team or a project to share files, memos, and notes.

DigitalQuick: This is an encryption tool that all businesses must use to keep sensitive data safe. Use DigitalQuick with cloud-based storage to ensure security. We encounter many clients who do not want to use the web-connected software because of security concerns. DigitalQuick is a good solution to keep data secure and enjoy the benefits of cloud technology.

Pertino: This program can be described as a cloud-based social network for professionals. It securely connects workplace devices and other resources to improve collaboration and reduce time spent working. This is a highly recommended tool for in-house IT departments.

Insightly:  This is a customer contact database that a company can use as the business grows. Basically, it’s a platform to manage contact information of customers. This application will benefit both customer support and marketing teams.

LiquidPlanner: This program is a really convenient application that allows users to manage projects online. It’s a highly useful communication and task tracking tool with great returns. Not only does this tool make project teams more efficient, it saves a lot of time as well.

You can get more business efficiency improvement suggestions at

How to Cut Costs at a Small Retail Business

Corporate Business Solutions provides management advice and cost reduction strategies for small retail businesses, among a host of other services. Retail businesses fail more often than not due to excessive expenses. Even retail giants like Wal-Mart and Macy’s have faced this dilemma. It’s important to start early to prevent a potential disaster if expenses are out of control. Here are several tips, gleaned from our years of experience, for reducing costs and managing finances better at your small retail business:

Automate inventory management – Automation is reducing costs for businesses in many different sectors. Retail is definitely one of the biggest sectors to benefit from new technology. In recent years, manual inventory management has gotten quite expensive. Some outlets have found budget success by switching to cloud-based software. According to one study, using cloud-based programs saved some retailers about 30 percent of operational costs. We know from experience that retail outlets, especially inherited ones, are quite stubborn regarding adopting modern practices. However, we highly recommend switching to new ways of managing inventory to significantly reduce costs.

Outsource non-core business tasks – If there’s room to outsource certain tasks or activities at your retail business, do so without hesitation. For example, if you need a writer to come up with product descriptions, hire a freelance writer, not a full-time employee. Small tasks not related to the core of your business, like graphic design, can be outsourced to save money, and in some cases, time. Outsourcing has other benefits too, such as getting expert advice in an area your staff is unfamiliar.

Go virtual and pay low rent – Thinking about expanding your office? We highly recommend switching partly to a virtual office instead. Virtual workplaces allow employees to connect with each other regardless of where they are located. Some parts of your business will probably require a physical office. You can pay low rent for a small physical office for the core group members and host other employees over a virtual office. You can also consider hosting virtual storerooms and the like to save money on actually leasing a showroom. For example, Audi, the car brand uses virtual showrooms in select locations to save money.

Of course, each business has unique needs. If you contact us at, we can evaluate your company’s expenses and recommend cost-cutting measures as part of a long-term financial strategy.

Exit Strategies for Small Businesses

An exit strategy is a vital component of running a small business. Basically, an exit strategy specifies what to do when the owner leaves or closes down the business. Investors particularly seek to finance small businesses with exit strategies. At CBS Corporate Business Solutions, we help small to medium sized businesses strategically plan for an exit or a shutdown. Here are several exit strategies you can plan for with our experts:

Liquidation – Most small business owners have heard of this particular strategy. Liquidation occurs when a business is shuttered and all assets are sold off. Liquidation is the only sensible exit strategy for very small businesses with a single owner or employee. If liquidation is the exit strategy a business owner is thinking of, then some retooling might be in order to make the business more appealing to a buyer.

Choose a Family Successor – Some business owners simply want to quit. In this case, liquidating the company may not be necessary. Companies can be passed down to a family member. The former owner can continue to get involved in the company afterward, or disengage completely. Passing down a venture to a member of the family is a straightforward process. But it has to be planned in advance.

Sell Company to Employees – Rather than selling the company to outsiders, owners can choose to sell the company to managers or employees to ensure continuous operation. Owners may be allowed to keep a share if desired. However, owners must brace themselves for potential controversies that might arise from the change in management structure.

IPO – The popular IPO is a form of exit strategy. We do not recommend this option for all companies. However, conducting an IPO and going public can be enormously profitable for some companies. To be successful, an IPO has to be structured well because there are numerous compliance regulations to follow.

The above are only a handful of exit strategies for small businesses. Contact us at to discuss other options available and the kind of exit strategy that might be best suited for your business.

Getting a Small Business Valuation

Small business owners often do not have any reliable way to determine how much their company is worth. There is always a ceiling for valuations, but the number is important for tax purposes, investments, and estate planning and inheritance situations.

Business valuation involves getting an assessment of finances and intellectual property a company owns. Calculating how much a small business is worth can be tricky. Most small business owners try to come up with an estimate on their own, only to find out that the processes involved can be complicated and unreliable. But there can be a method to madness. You can hire an expert evaluator, like the professionals working at Corporate Business Solutions. In addition, it’s worthwhile to know that the business valuations involve the following:

Recreate Costing – One of the popular tools used to value businesses is this method called cost recreation. This involves sit calculating all costs it would take another person to start the owner’s business. Costs will be replicated for marketing, buying inventory, office rent or lease and hiring staff. This method is relatively easy to do, but it is not necessarily scientifically accurate.

Market Comparison – A more investor-friendly approach is the “market principle” method, where a company is valued based on how much other companies of similar size and capacity are worth based on numerical figures. For example, if a business twice the size of yours sold for a million in the market, you can value your company based on that.

Multiplying Earnings – This method values businesses based on current and future earnings. If you expect your profits to increase, you can value your business by taking into account future expected increase in earnings.

Business valuations can be complicated for small businesses and should be done by a certified business valuation expert with the proper valuation credentials recognized by the industry. We highly recommend hiring professionals to get an accurate valuation of your business who have the proper credentials. The pros at CBS Corporate Business Solutions can help your small business obtain a valuation that investors can trust.

Why Small Businesses Should Never Skip Web Optimization

According to the latest Small Business Digital Trends Report released by, a large majority of small businesses are not optimizing business websites with SEO tactics. Only 17 percent of small businesses surveyed were actually willing to spend money on SEO. A surprising 45 percent didn’t even know what SEO meant or how it could affect company sales performance. The majority, 85 percent, of small businesses encountered some type of issue when trying to implement SEO, such as financial restrictions.

These findings definitely come as a surprise, especially to experts like Corporate Business Solutions,, which has a long-term affiliation with a major SEO implementer as part of a larger marketing strategy. Small businesses that pass over on SEO are losing out on many major fronts. For those who still don’t know, SEO stands for search engine optimization. The acronym stands for a series of techniques a website can use to improve its ranking on the search engines results page to a query.

SERP ranking matters a lot because an increasing number of surveys show web users do not usually scroll to the bottom of a results page or click to the second page of results. Most click on a link presented above the scroll line on the results page. Therefore, companies that get ranked at the top have a higher chance of attracting traffic, and thus a better chance at making sales.

SEO also affects how a small business website gets recognized overall. Keyword optimization is important so your company’s website appears among the results for particular search queries. The more optimized a website is, the easier it will be for a niche audience to find.

Despite popular belief, SEO tactics are neither expensive nor hard to implement. It’s possible to learn SEO by oneself and start a campaign. Small businesses can also invest in an experienced SEO professional at relatively reasonably prices to perfect the existing marketing strategy.

There are plenty of free online guides for implementing SEO techniques as well. Corporate Business Solutions can provide marketing guidance for companies that want to implement SEO professionally but on a budget.

Tips for Starting With a New Company

Corporate Business Solutions  is recognized in the small business industry for using expertise, experience and education to access the information that is often necessary for growth.  We employ the best of the best to ultimately help business leaders achieve success.

Many business professionals are looking to find new positions in the New Year. If you’re starting with a new company soon, we have tips to help you thrive from the very beginning:

  1. Introduce yourself – Make the initiative to meet people at your new office. Say hello to new colleagues in the elevator, kitchen and bathroom. It’s often easiest to begin making friends with the employees that work directly with you as it will be in their best interest to get you started on the right foot, since your work will directly affect theirs.
  2. Establish expectations with your boss and / or employees – Initiate a meeting with your boss. Then, use that initial meeting to set in writing what they believe success will look like in the first week, month and three months. Also, if you’re in a managerial position, start setting expectations with your direct reports. The first week in a new role sets the tone for the nearly everything!
  3. Become an organizational pro – You probably expect a lot of new information to come your way, so creating good habits and getting organized from the start will make your transition easier. A new job is also a good time to improve any old bad habits. Realize challenges from the past and plan to combat those accordingly.
  4. Reinforce your new connections on social media – Once you’re officially on the job, it’s important to update your title across your own social media platforms and also start following your new company and colleagues. As you meet new people, reinforce the relationships by finding them on LinkedIn or twitter. If fitting, send a friendly introductory message to remind them of your initial introduction.

To learn more about us and / or to schedule your appointment with the business experts at Corporate Business Solutions, call us today at 877-357-9366.

Employment & Labor Laws in Small Business

Corporate Business Solutions  is recognized for using expertise, experience and education to access the information that is often necessary for growth in small and medium – size businesses.  Many business owners struggle with employment and labor laws.  However, understanding these laws is necessary for success.

Hiring your first employee or building your business team brings with it a whole new area for compliance – employment and labor law. These laws cover everything from preventing discrimination and harassment in the workplace, workplace poster requirements, wage and hour laws and workers’ compensation regulations.

The U.S. Department of Labor oversees federal employment and labor law; however, individual states also have their own specific laws. We can help you understand and comply with these laws.  The SBA is also a great resource for business owners.  In addition, an online tool from the Department of Labor, the “FirstStep Employment Law Advisor” – can help you determine which laws apply to you and how to comply.

The FirstStep Employment Law Advisor helps employers determine which major Federal employment laws administered by the U.S. Department of Labor apply to their business or organization, what recordkeeping and reporting requirements they must comply with, and which posters they need to post. The Advisor can help all employers, including non-profit organizations, private sector businesses and government agencies.

If employers already know which Federal employment laws apply to them, the Advisor can quickly provide basic information about how to comply with these laws, including the requirements for recordkeeping, reporting, and posters and other notices.  This information can also be printed off as a reference guide.

Please note that the FirstStep Employment Law Advisor is intended as a guide on major Department of Labor laws – it does not cover all laws administered by Department of Labor. In addition, the system will not identify laws administered by other Federal agencies that might be applicable to your business or organization.

To learn more about us and / or to schedule your appointment with the business experts at Corporate Business Solutions, call us today at 877-357-9366.

Tips for Preventing Workplace Accidents

The consultants at Corporate Business Solutions thrive on helping small and medium – size businesses succeed.  We specialize in many areas of business, ensuring small business owners can grow their businesses.  Many business owners need a third party to help in preventing fatalities in the workplace. Here are three sources of potentially fatal accidents your employees could get into and how to prevent them:

•Workplace Violence — Non-employees perpetrate most instances of fatal workplace violence. The disgruntled gun-toting recent fire resides more in the newspaper headlines than in the category of statistically significant concerns. It’s important to examine where employees are exchanging or guarding money, interacting with the public and / or working alone or in small groups in the late or early hours of the day. You can also make sure the area around your workplace is well-lit, install security cameras, or consider scaling back your business hours if late or early operation comes to necessitate hefty security and insurance costs.

•Falls — The falls that result in fatalities tend to be in industries such as construction or landscaping. This is a case where training your employees in safety procedures and periodically evaluating their understanding and execution of those procedures is the most useful course of action. Additionally providing equipment precautions such as guardrails and rope and pulley supports when possible is also a good idea.

•Toxic Events — Gas and chemical leaks are the most common problems though asbestos continues to plague businesses moving into older facilities. It is now mandated that natural gas have some sort of odor but preventing ventilation problems and carbon monoxide leaks is the next frontier for OSHA.

To learn more about us and / or to schedule your appointment with the business experts at Corporate Business Solutions, call us today at 877-357-9366.

Small Business Blogging Tips for the New Year

The consultants at Corporate Business Solutions thrive on helping small and medium – size businesses succeed. We are renowned for accessing the critical information necessary for growth in today’s business.  As we begin 2017, we know that better blogging is making many small business owners’ New Year’s resolutions lists. If you fall in to that category, we have some simple tips that may help you succeed in your goal.

  • Be Consistent. Decide how often you want to create a blog post, whether weekly or monthly, and stick to it. However, don’t water-down the quality of your content just so you can get something out there. The best blog posts are interesting and relevant to your business’ website and services.
  • Write SEO – Friendly Content. Include key words that are popular in your industry so online readers can find your business when searching the internet. If you’re unsure of the important key words, take the necessary time to do your research. 
  • Have a Goal. Having a goal with your blog posts is always a good idea. For example: “After reading this blog post, my goal is for the reader to understand one way to prolong the maintenance of their HVAC system.”
  • Research. Pay attention to what’s trending. If you find a topic that relates to your business, industry or subscriber, then you may have an opportunity to reach a large audience.
  • Have a Style. Every business is different, but having a particular author style can help with engagement and building a following.
  • Proofread. This should be rather obvious, but it’s always a good idea to have someone else proofread your blog post before posting.

To learn more about us and / or to schedule your appointment with the business experts at Corporate Business Solutions, call us today at 877-357-9366.

Reasons Why Some Employees Prefer Unions

Corporate Business Solutions offers critical information that is often necessary for growth in small and medium – size businesses.  Our consultants realize that employers sometime complain that unions are harmful to business and to the economy. From an employee standpoint, being a union member is often beneficial. 

If you’re unsure about unions, here are three reasons why some employees prefer to work for a union:

  • Higher wages- According to the U.S. Bureau of Labor Statistics, union workers do make a higher average salary than nonunion workers.
  • More benefits – According to a survey by the National Compensation Survey, nearly 93 percent of unionized workers were entitled to medical benefits compared to 69 percent of their nonunion peers.  The survey represented about 101 million private industry workers and 19 million state and local government employees. Unmarried domestic partners — same sex and opposite sex — also had access more often to these benefits if they were unionized. Workers with union representation also had 89 percent of their health insurance premiums paid by their employer for single coverage and 82 percent for family coverage. For nonunion workers, the comparable numbers were 79 percent and 66 percent, according to the Bureau of Labor Statistics. And 93 percent of unionized workers have access to retirement benefits through employers compared to 64 percent of their nonunion counterparts.
  • Job security – Nonunion employees are typically hired “at will,” meaning they can be fired for no reason. There are exceptions. Employers can’t terminate a worker for discriminatory reasons such as race, religion, age and the like. Nor can they fire an at-will employee for being a whistleblower and certain other reasons. However, workers with union jobs can only be terminated for “just cause,” and the misconduct must be serious enough to merit such action. Before an employee can actually be fired, he or she can go through a grievance procedure, and if necessary, arbitration.

To learn more about us and / or to schedule your appointment with the business experts at Corporate Business Solutions, call us today at 877-357-9366.