Tag Archives: CBS Review

Employee Incentives: Gym Memberships

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Running a profitable business is usually dependent on a stable workforce. If you have high staff turnover or lose key staff from time to time, you need to consider what you can do to retain these staff.

Disengagement stems from over-exhaustion, ineffective management, or misalignment throughout an organization. Low morale leads to high turnover rates, low productivity, and ultimately, disengagement. Unhappy workers cost the U.S. up to $550 billion per year.

When this happens, you need to find a solution, fast!

The most obvious incentive is to pay more to your employees. But as soon as competitors match your pay rates, or offer to pay more, the value of your incentive vanishes.

Employee Incentive Programs

These programs can be introduced to attract, engage, and retain talent. The rewards and benefits included can be used to motivate positive behaviors in your workforce.

Perhaps the most important thing they can do to keep employees engaged is to effectively incentivize them. Incentives give employees something to strive for and provide tangible acknowledgment of their splendid work. When an incentive is offered, 85% of workers feel more motivated to do their best.

Gym Memberships Work as an Employee Incentive

In April 2021, the health and well-being app Engage recorded a 32% rise in demand for gym membership discounts.

The app found that employers were prioritizing health as a result of the impact of the covid pandemic. They reported that regular exercise reduced the risk of dying from infectious diseases like covid by more than a third and that a majority of adults want to be fitter and healthier.

Gym Memberships are now the most demanded benefit as part of an employee incentive scheme.

Workers are now looking beyond purely financial rewards in the workplace. They are actively seeking a better work/life balance and are increasingly expecting their employer to support this.

This is making health and well-being benefits something workers feel their job must-have, not something that would be nice to offer.

The increase in demand specifically for gym memberships does seem surprising as these are places people were unable to access during lockdowns.

With the negative impact on mental health caused by the pandemic, it may have been expected that more leisurely health and well-being options might have been more popular. Counselling, mindfulness, yoga, and gym equipment for the home would have seemed to be more relevant.

Employers are increasingly being seen as having a duty of care to ensure their workers are healthy. They are expecting employers to facilitate opportunities for employees to exercise and seek any physical and mental health support they may need.

Working from home during and following lockdown has increased rates of presenteeism and working longer hours. The World Health Organization has stated that working more than 55 hours a week leads to a 35% higher risk of stroke and a 17% higher risk of dying from heart disease, than working 30 – 40 hours a week.

Despite this increasing popularity of gym memberships, it makes good sense for any employee incentive scheme to be flexible enough to consider similar spending for alternative health and well-being options, rather than only offering a gym membership.

Corporate Business Solutions Inc. can help guide you towards making the best decisions for your business around gym memberships and employee incentive schemes.

 

Employee Incentives: Health Insurance

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The current and continuing increases in medical costs can be a major issue for many Americans, especially when they require medical treatment.

Group health insurance plans are offered by an employer of a member organization. Members of the plan usually receive coverage at a lower cost because the risk to the insurer is spread across multiple members.

Under the Affordable Care Act (ACA), businesses with 50 or more full-time employees must provide health insurance to full-time employees and dependents under the age of 26 or pay a fee.

Employers with fewer employees might also choose to have a plan as part of an Employee Incentive Scheme.

Approximately 50% of Americans with health insurance coverage gained this through group plans provided by their employer. However, many of them have little idea how their plan works.

Group health insurance provides many benefits, but when your insurance plan is tied directly to your employment, you will usually lose this cover if you change jobs. In 2017, 22% of uninsured Americans reported losing their health insurance due to job loss or change in employment status.

The 2002 movie John Q, starring Denzel Washington, is an example of one of the traps of employer-provided health insurance. In the movie, due to a downturn in business, his employer changed health providers to save money, and when John’s hours were reduced temporarily, he became classified as a part-time employee.

This resulted in him and his family no longer having full cover. When his son suffered a significant medical event requiring ongoing treatment. The plan in place when he began employment would have covered everything, but the new cheaper plan and his temporary part-time employment status meant only some of the initial medical costs were covered, and none of the major costs would follow.

Benefits of Group Health Insurance

Many employers provide supplemental health plans, which include dental coverage, vision, and pharmacy coverage, either separately or as a bundle.

The main benefit is lower premiums. A 2018 study found the average premium cost per individual in a group health insurance plan was $41/month cheaper than an individual plan. The same study discovered small group health plans had an average deductible of more than $1,300 less than individual plans.

Family members and dependents can be added to group plans at an additional cost to members. These assists families with sole providers, or where other family members don’t have group health insurance with their employer.

Group health insurance plans provide numerous tax benefits to both the employer and employee. Employers’ costs are tax-deductible, and employees’ premiums are made before tax, reducing their total taxable income.

Smaller businesses may also qualify for the small business health care tax credit.

Who can get Group Health Insurance?

To be eligible for an employer’s group health insurance, an employee must be on payroll and the employer must pay payroll taxes. Independent contractors, retirees, and seasonal or temporary employees are not eligible. If you take unpaid leave, you may be ineligible for group coverage until you return to work.

Make sure you know what cover you are entitled to if you work less than full-time hours, even if only for a temporary period.

Coverage must also be offered to an employee’s spouse and dependent children until age 26, though some employers may increase the age, provided children are still dependents. Unmarried partners of the same or opposite sex, may also be eligible for the same cover as their spouses.

Without a doubt, job seekers favor employers with a group health insurance plan, but it is important to fully understand what the plan covers and any changes.

Check out http://www.cbs-cbs.com as a starting point for advice on how a group health insurance plan could be a great fit for your business as part of an employee incentive scheme.

Is Your Business Maximizing the Power of Mobile Devices?

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A 2020 study found that on average, workers waste 8 hours/week on non-work activities, mostly on their mobile devices.

Now calculate the average hourly pay of your business, multiply that by eight, then multiply that answer by fifty-two and you get the money your business is paying each staff member each year to do nothing on company time.

Now multiply that number by the number of employees – and don’t forget to include yourself – and you get the dollar figure your business is wasting each year on unproductive time. Most of it is wasted checking personal emails and social media on mobile phones.

So, what should you do? Ban phones in the workplace, and fire people caught receiving personal calls?

You might have to fire yourself!

And does that calculation tell the whole story about mobile phone use in the workplace?

Of course, there are workplaces where a “no mobile phone” policy makes complete sense. For example, factories and worksites where workers may be around dangerous equipment or need to all be working at a fast pace all the time. Or medical operating theatres where the environment must be distraction-free as well as spotlessly clean.

But for some businesses, banning mobile devices may be causing fewer problems and lost productivity than you think. Making mobile devices MORE available in the workplace could improve productivity.

Make sure you are sitting down because the facts you are about to read may just blow your mind!

  • There are over 27.1 billion devices connected to the Internet – more than three devices for each person on the planet. [Cisco, 2021]
  • 22 billion people (66.6% of the global population) use a mobile device. [Datareportal, 2021]
  • 97% of Americans own a cellphone, with 85% owning smartphones and 53% own tablets. [Pew Center for Research, 2021]
  • More people use mobile to access the internet than a desktop. [Comscore, 2018]
  • 15% of American adults are “smartphone-only” internet users – they do not have home broadband. [Pew Center for Research, 2021]

What do those facts tell you? Mobile devices are here to stay, and their use is only increasing.

What about mobile devices at work?

Today’s employees rely heavily on mobile devices at work. Here is how employees are currently using their mobile devices in the workplace.

  • The average mobile worker works 240 hours a year longer than the general population. [iPass, 2017]
  • 84% of mobile workers have checked their smartphone in bed, while 72% admit to having checked their smartphone on the toilet. [iPass, 2017]
  • More than half of mobile workers say that a lack of Wi-Fi when working remotely would negatively impact their ability to do their job. [iPass, 2017]

Mobile productivity statistics

How are mobile devices affecting productivity in the workplace? This is what happens when employers give their workers mobile phones.

  • 75% of workers say their smartphones make them more productive. [Google, 2017]
  • 97% of the users say productivity apps are the most dominant kind of apps on their smartphones. [GoodFirms, 2019]
  • 82% of IT executives said smartphones are incredibly important to employee productivity. [Samsung/Oxford Economics, 2018]
  • 64% of leaders say technology investments have led to gains in productivity. [Celerity, 2020]
  • 53% of executives said apps improve business processes and increase productivity. [Apperian, 2016]

BYOD & mobile app statistics

Given the potential of mobile devices to increase productivity, businesses are asking employees to use their own devices at work and providing them with business apps.

  • Only 26% of U.S. companies provide employees with mobile phones — the lowest number for any country. [Steelcase, 2016]
  • 87% of companies expect their employees to use their devices for work purposes. [Syntonic, 2016]
  • 72% of companies have a bring your device (BYOD) policy. [Tenable, 2016]
  • 80% of IT executives said employees cannot do their jobs effectively without a mobile phone, and 75% said mobile devices are essential to workflows. [Samsung/Oxford Economics, 2018]
  • Businesses with BYOD policies pay employees a stipend of $30 to $50/month to use their mobile phones. [Samsung/Oxford Economics, 2018]

Mobile security statistics

With more employees accessing business data from personal mobile devices, security is becoming a major concern.

Without appropriate security software installed, personal mobile devices could easily expose businesses to threats from hackers and noncompliance with security mandates.

  • 67% of respondents reported that remote workers’ use of personal mobile devices negatively impacted their organization’s security. [Ponemon Institute/Keeper Security, 2020]
  • 55% of respondents say smartphones are their biggest security headache. [Ponemon Institute/Keeper Security, 2020]
  • Fifty-seven percent of technology executives worry about the security of non-managed devices. [Apperian, 2017]

If you need help maximizing productivity through the use of mobile devices suitable for your business, check out Corporate Business Solutions at http://www.cbs-cbs.com.

What are Your Employees Posting on Their Social Media?

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Have you ever looked at the social media accounts of your employees or those who are applying for a job role with you?

NO doubt you have heard stories from time to time of people posting stories and images on their social media accounts that have affected their jobs.

A couple of stories that quickly come to mind for me include a young lady who worked in an extremely strict religious school and posted photos of herself slightly worse for wear at a party on a cruise ship holiday. On her return to work after the cruise, she was fired.

Another example was a graduate student applying for a job with an adventure tourism company. They checked out his Facebook page and saw a photo of him canoeing down an overflowing city stream during a heavy rainfall without a life jacket or helmet. Personal safety of clients is a No. 1 priority in any adventure tourism business. He did not get the job.

Have a Social Media Policy

Now imagine one of your employees has publicly posted something that would harm your business in some way if enough people realized that person worked for you.

How do you react? How would you learn about it in the first place?

To limit the possibility of anything like this happening, it would be extremely wise to have a social media policy. This can make your staff aware of what they should not be expressed on social media where most of the world can potentially see what was posted.

Here are some topics that you need to make your employees aware of to reduce the risk of this information becoming widespread across the internet to negatively affect your business.

Violating Company Policy

Sharing warnings or personal company information – do not post about staffing decisions, new products, or any private or proprietary information if your company has not shared the information online.

Supplying references/endorsements on LinkedIn – if your policy does not supply references for leaving staff, will you allow your staff to make references on social media for former colleagues?

Negative comments about the job or clients – even with privacy settings in place, anybody can repost these sorts of comments on their account or take a photo or screenshot and repost.

Deceptive posts – taking a sick day from work and posting photos of you at the beach or a sporting event, etc.

Off-color, racist, sexist, or inappropriate comments – this is especially bad if they refer to a co-worker or client, but even if the target is unrelated to the workplace an employer does not want to be associated with someone making these kinds of comments publicly.

Have a Policy on Computer Use

Job Searching or Doing Other Work while at Work – scanning job search sites, preparing your resume and cover letter, or doing work on your side gig on the employer’s time is non-productive from your employer’s perspective and unethical behavior.

Misuse of email – use of the work email for personal communications is rarely appropriate. I know of a young married Director of a stockbroking firm who used his business email address for accessing dating sites and arranging meetings for “coffee” during the workday. He even emailed one of his personal “contacts” several times a day and in their online conversations, he would regularly criticize the other company Directors.

This was a prominent business in a small city, so it would not be difficult for many of his “contacts” to work out who he and his company were and post something embarrassing and damaging to the business. He was the son of one of the business founders and when his emails were discovered, his promising and privileged career ended abruptly.

Any employer is well within their rights to limit or restrict access to various corners of the internet, including social media sites, dating sites, pornography, and personal communications.

Provide Guidelines for Smart Social Media Use

Rather than restricting your social media policy to telling your staff what they can’t do, also provide guidelines so they can see how to use social media without accidentally doing something wrong.

Post smart – before posting, take a moment to think if your content could affect your employer in any way

Keep it confidential – don’t disclose any news about your employer – good or bad – unless you have asked first. Sometimes your employer will want their staff to spread the good news, but not always.

Be intelligent – if you are job searching, use your account and details for all communications

Think Before You Post

This is the best and simplest advice you can give your employees.

Once something is posted online it’s hard, if not impossible, to take it back. Even a deleted Twitter or Facebook post can be preserved through screenshots.

If there is any doubt about what you can, or can’t say, keep it to yourself. Ask yourself whether you need to say that and what you’ll gain from it. The answer is probably not enough to take a chance of losing your job.

Corporate Business Solutions can provide you with advice around preparing appropriate documentation to cover these situations and have many satisfied clients.

College Graduates Must Find the Business and Role that is their Best Match

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Every year a new group of graduates enters the job search market armed with resumes of varying quality and a brand-new shiny certificate saying they have an appropriate qualification to work in your business. Filled with excitement and anticipation of their first ‘real’ job, graduates are tempted to take any job in their career field with any company.

But have they thought about the work environment that best suits their working style? To get the best value out of any new graduate employee, you need to make sure they are aware of how your business and the role being offered are a good match for them. A graduate might see your advertised job as their dream job, based solely on the job title. But if you are a small business, a start-up, or a long-established company with hundreds of staff, their experience will potentially be vastly different.

You need to understand what aspect of their career field they want to specialize in, and what are their long-term career goals. A start-up company might be exciting and mostly employ people in their age group. That could have some advantages for their social life. But will that environment provide the experience to help them grow within their career field and gain greater experience to enable them to get where they want to get in their career?

Can the new graduate be assured the business will still be thriving a year from now? Starting a business during the current pandemic, or any time when the economy is struggling is always going to be challenging.

In a business with many staff, what sort of professional development and mentoring is provided? Will the new graduate feel just like a number, left with little support to grow? Perhaps most staff are much older, and they might struggle to develop workplace relationships. Other factors a graduate need to consider when seeking their first job after graduation include:

  • Where do they want to live?

A business in a bigger city might mean higher living costs. It might mean moving away from family, friends, and partners.

  • What type of industry do they want to work in?

They might want to work in sales, but do they want to sell items like alcohol, tobacco, firearms, etc.? Or does the business have a bad reputation for some reason? Do they want to work for a company that has structured training programs, or would they prefer to learn on the job from more experienced colleagues?

  • Work-life balance.

Are they happy working long hours and weekends, or do they value being able to get to that evening exercise class? Are they working in one location all the time, or do you often have to travel around the country spending many nights away from home? Or will they work from home? How would that affect their personal life?

Are they after the highest pay rate possible to live a luxurious lifestyle or pay off that student debt as quickly as possible? Or are you comfortable making less money knowing they will be doing meaningful work?

If you can uncover the answers to these questions, you will increase the likelihood of finding a new graduate who will stay with your business for the long term.

Viewing the Corporate Business Solutions Reviews you will find help with recruiting new graduates.

Managing Remote Employees

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Remote working has exploded since the Covid pandemic spread around the world and now almost 20% of the workforce has experienced working from home.

The benefits for employees include the flexibility to work around other commitments, times saved commuting to and from the workplace, improved health and wellbeing, and the ability to work from anywhere, meaning you don’t have to relocate to the location of the workplace.

Employers also see benefits. In many cases, productivity and performance have increased while overhead costs have decreased, they can access a wider talent pool, and they have experienced improvements in employee retention.

However, remote work is not without its challenges, these can include employees feeling isolated from their work colleagues, gaps in communication, difficulty staying motivated, distractions in the home, difficulties switching off from work, and managing the work team can be more difficult.

Supporting Remote Employees

Managers need to be aware that different employees will have different needs. They will need to adapt their strategies depending on the specific needs of each employee.

Regular check-ins provide accountability and also your availability to provide guidance. Remember to offer encouragement and emotional support. Keep a lookout for any changes in communication or work output that may indicate they are having difficulties.

When some employees are working remotely and others are 100% in the office, it is easy to exclude remote workers from team meetings and social events. Ensure they are included and remain part of any appropriate decision-making.

Keep your expectations of remote workers flexible. Unlike those working in the workplace, your remote workers don’t have to get everything done during work hours unless there is some specific deadline. If they are getting their work done, it doesn’t matter if their work schedule differs from normal office hours.

Be sure to create some rules of engagement. Ask your remote workers when and how they want to be contacted, and ensure they know how they can contact you and other team members.

Most importantly, encourage a sense of belonging. Creating team spirit can be more difficult when you don’t physically see some of your staff regularly. You will have to think of some innovative ways to create a feeling of mutual trust and respect for everyone in the team. Simple things like starting team meetings with a quiz or an icebreaker exercise help all team members get to know each other better and build team spirit.

Managing Remote Teams

When your entire team is working remotely you need to ensure the success, productivity, and efficiency of the entire team.

Set clear expectations so every team member knows what is expected of them. This includes clear communication expectations like where and how to communicate with each other and how quickly to respond to emails.

You will need to take each member’s different work schedules into account. You should set up a weekly reporting system so that you can monitor the completion of tasks to evaluate productivity and if any members are struggling with their workload. Make sure any time frames and deadlines are achievable.

To avoid any feelings of isolation, schedule group meetings at a time when everyone is available. Delegate responsibilities evenly across your team but based on who is best suited to each task.

Finally, ask for feedback. This will encourage them to speak out about things they don’t think are working or things they need support with. It can show them that you care and that their voice matters.

If your business is struggling with the management of remote workers Corporate Business Solutions Inc. can provide consulting services.

How to Hire for Remote Positions

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Hiring is always a tricky topic for even the most experienced corporations and hiring departments but trying to put together a team that will usually work from outside of the office can introduce an entirely different set of issues. 

Luckily, the evolving work environment has allowed hiring managers to adapt alongside employment trends, so firms can save on office space by hiring remotely and ensuring that their workers are dependable and efficient. 

Avoid Unnecessary Applicants 

Subjecting both your staff and potential hires to rounds and rounds of virtual interviews can prove to be a very inefficient process. Making sure that your job posting provides all requirements and responsibilities but also avoids any sort of filler content can save both parties a great deal of time. 

Remove any irrelevant content about local lifestyle as you may be hiring internationally for a remote department. Tend towards bullet points and clear lists so that every applicant can be clear on what will be required of them and determine whether they can meet the challenge.

 Use Open-Ended Questions 

Learning how an applicant thinks is always an important part of the hiring process, but this can be far more useful when you don’t have a chance to meet him or her face to face. Preparing a template for your hiring managers ensures quality control of the hiring process, but it also helps to make sure you are learning the right things about your potential hires. 

Asking people how they would deal with a disastrous meeting or resolving conflicts in the workplace is far more important than making sure that they have a certain amount of experience with a given network system or coding language. Knowledge can be taught, but wisdom and experience cannot. 

Plan Interviews in Bulk

 While it can be daunting, planning a few days of back-to-back interviews can be the most efficient approach. Most remote positions will attract plenty of applicants due to the lack of travel for interviews and widespread internet access. 

This frequent contact with hiring candidates will make comparisons easier and you can meet with your team to trade notes at the end of each interview block. Without rigorous notetaking, it can be difficult to remember faces or voices over virtual or phone interviews. 

If you and your hiring personnel can handle to high-volume, planning blocks of interviews can be good to ensure that you never forget a candidate that stands out amongst all the others, so good workers don’t get lost in the shuffle. 

Give Them a Tour 

Just because an employee is working remotely doesn’t mean that they’re not a part of the team. Taking a candidate on a tour of your office space over some sort of visual-telecommunications app can give them an idea of your work philosophy and make them feel a more personal connection with you and other employees.

 This can also give applicants a sense of your firm’s capabilities, who they can report various things to, and introduce themselves to fellow workers. Small touches can make workers feel valued and close to one another, even if they are on other continents!

 Hiring is never an easy process. The birth of remote work has come with its benefits and drawbacks. Entrepreneurs can now save on real estate, but they must be even more diligent when filling remote positions.

 Planning job postings to be direct and clear can help cut down on obviously unqualified applicants. Designing interview questions to gauge workers’ personalities and values over binary knowledge can help make up for the lack of physical contact. 

Planning interviews in a compact time frame can make remembering exceptional candidates easier. Finally, giving a virtual tour of your office helps to increase a sense of camaraderie and ensures potential hires that your firm is very much a team despite physical distance. 

No matter what advice you may need in your hiring process, CBS-CBS.com can help you in all aspects in finding the best employee to serve your company!

 

 

 

 

 

Top Mistakes Small Business Make

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Entrepreneurs either fail because they lack the methods, systems and controls for their business model, or they lack to ambition to go entirely in on their project.
Sometimes avoiding the wrong decision is just as important as choosing the right path.

Poor Planning

All of the ambition and care in the world is only as good as the plan to implement it. Hall of Fame UCLA basketball coach John Wooden said, “Failing to plan is planning to fail” is certainly on point for entrepreneurs. With the speed of today’s market, it’s more important now than ever that your business model is mapped out and ready to commit to a fast-paced market.

Create a Business Plan That is System-Dependent Rather Than People-Dependent

Most entrepreneurs begin their business because of a skill they have to produce a product or service.  However, it’s not their lack of expertise in creating a product or delivering a service that causes businesses to fail.  Rather, it’s the lack of systems to manage and run the business that becomes the weak link for the business owner.

Does the business have a cash management system that can accurately predict the cash needs of the business 13 weeks into the future so there is time to plan for unexpected shortfalls in cash flow to meet all financial obligations?

Does the business owner have a modern management dashboard which allows him to see all the critical variables and business metrics to make informed decisions based on the numbers rather than simply relying on his gut feel for what he should do?

Being Too Rigid with a Business Model

Flexibility might be just as important as planning out your initial designs for launching your entrepreneurial project. The speed of the business world means not only ensuring that you have a solid vision of what you are trying to accomplish with your small business, but you need to be able to adapt depending on the product or service that you are trying to provide.

This can vary extensively depending on your business model. Maybe your service would be better for your customer by operating outside of a brick-and-mortar setting.

You might want to consider moving your culinary dreams to a food truck instead of a permanent location. Your consulting firm might be better served by going entirely remote. Maybe your employee pool could shrink or grow depending on operational cost and demand for your product/service.

The point is to never get too rigid in your business planning. Always be ready to flow like water around any potential obstacles in your entrepreneurial endeavors.

Sloppy Financial Records

No matter how much you love your business, it can’t get anywhere without proper funding. Either carefully handling your accounting in-house or outsourcing it to a third-party firm can save business owners a mountain of headaches down the road.

This is important for both tax purposes along with making sure that your financial situation is above board when trying to finance or sell your small business.

It can be easy to forget about monetary details while you try to grow your empire, but many entrepreneurs have found themselves in a mess of paperwork after years of neglecting their monetary records.

Failure to Track Customer Behavior

Tracking customer trends is vital to your ability to meet demands no matter your small business’s goal. Buyers are flocking to social media and the digital marketplace no more than ever. There are very few industries that would not benefit from establishing a digital footprint.

Modern society has reached a point where even elderly clients are constantly engaging in e-commerce, so taking to social media is no longer the cutting-edge form of engagement it once was. Stay on top of the customer trends in your industry to make sure that your marketing strategy is never losing ground.

There are just as many ways to plan a successful business as there are to launch a model that is destined to fail. As the business owner, you have the most power over how your ambitions play out. This can be intimidating, but it can also be very empowering.

No matter what aspect of your business you want to improve or what pitfall you want to avoid Corporate Business Solutions is ready to help you at any time!

Best Point of Sale Systems for Every Business

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Having a reliable, efficient point-of-sale (POS) system can save your small business many headaches down the road. A POS system is ultimately a hardware/software combination that digitally tracks individual sales and overall sales reports, making data accumulation easier than ever and keeping track of your business exchanges all in one place.

Some software comes free of charge, but other packages can cost a few hundred dollars a month. That’s why your business needs to select the right system to maximize efficiency and minimize monthly business costs based upon your business model and POS requirements.

No matter what type of business you run, this POS review can help every entrepreneur select the system that will find the right balance.

Square

Square is an excellent choice for a POS system no matter the size or niche of your small business. It’s a cloud-based system, so you can receive and track payments anywhere. Originating as a mobile system, you can easily track your business even when giving exercise classes in a local park.

Square has expanded from its original roots, but that doesn’t mean the platform has forgotten its origins. Not to be left behind in the marketplace, Square has begun offering more grounded hardware for brick-and-mortar establishments, meaning that you won’t have to bring your phone along to accept payments at your start-up cafe or corner retail store.

Square offers a paid option for its services, and the Square Plus version offers profit margin reporting and 24/7 phone support. For growing businesses with multiple employees, this might be a worthy expense for only $60 per month.

Toast

Toast is one of the market leaders in restaurant POS systems. Toast can accommodate entrepreneurs who want to accept orders both through a hardware system in the store, to applications that customers can download and order through in the comfort of their own home.

Toast can both process and distribute funds, but there will be a management fee taken off of your revenue. Toast’s integrated system can easily pay for itself in convenience, as its hardware can also be linked to your kitchen’s order display, meaning that orders will be seamlessly transferred from your server/customer interface to the sous chef’s exposition station.

After purchasing the basic hardware, Toast offers its software, 24/7 customer service, and general analytics for free. The “Essentials” and “Growth” subscription plans start at $165 and $272 per month, respectively. The premium packages offer several benefits including gift card processing and mobile-application hosting for customers, meaning that your POS capabilities can expand within Toast as your business grows. You’ll never have to jump around from different POS providers if you go with Toast!

Shopify

Just as Toast is made specifically for restaurants, Shopify is designed for retail. It is praised for its ease of use and convenient setup process.

With a range of plans from “Shopify Lite” to the “Advanced” option, retailers can pay anywhere from $9 to $299 per month depending on their needs. Regardless of which subscription option you choose, Shopify is known for its accessibility for even the most technologically inexperienced.

Shopify also offers an application for online retailers that can use it as a stand-alone service or sync their online shopping with their brick-and-mortar setups, so entrepreneurs can easily sync their Shopify online store with the POS service.

Both the software and hardware are available on both Apple and Android products, so there is no barrier to entry depending on the platform you side with.

Shopify serves as an easily accessible register that you can use on a tablet for more professional appearances or a smartphone for the sake of mobility. This information can then be immediately updated to Shopify’s accounting services.

Store registry can be tracked by providing each employee a unique PIN, tracking sales made, hours worked and orders logged. All of these features make Shopify a great all-in-one solution for retailers who want to operate entirely online or want to open a small to medium-sized business that employs a handful of workers.

Whatever your business model entails, you can rest assured that there is a POS system out there for you. No matter your ambitions, know that Corporate Business Solutions Consultants can always offer advice with your entrepreneurial goals.

 

 

Local Advertising Tips for Your Small Business

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Every business owner wants his or her project to grow beyond their immediate market but getting a business model off the ground often depends upon word of mouth and how your idea grows in your immediate community.

The internet has made it easier for firms to reach out to a wider audience, but never underestimate the power of community when it comes to growing your company. After all, every entrepreneur should always be looking to fulfill a need. Checking in with those around you can help you do just that!

List on Local Directories

While time-consuming, determined business owners should first and foremost make sure that they have an entry submitted to relevant online local directories. This is the digital equivalent of making sure that your business is included in the yellow pages.

Not only will you invite local customers to your website, but you will also rise in local internet searches, making it easier for customers to find you down the road.

Do not worry about being included in every local directory, as they will not always apply to your business model. Large metropolitan areas generally provide a dizzying number of directories, but brick and mortar businesses such as restaurants and retail stores can get an early start on advertising by placing an entry into a relevant directory for free.

Help Your Customer Base Grow Itself

Referral programs can be a wonderful way to expand your client base. This is especially true for more social experiences such as businesses that offer painting or cooking classes. Encourage customers who enjoyed your services to bring a friend next time.

Offering discounts to customers who bring a friend can both ensure repeat business and attract new clients to your firm. This requires entrepreneurs to be both realistic and generous with the referral programs that they can establish, but if these programs can be properly dialed in, a burgeoning company’s reputation can spread like wildfire.

Keep a Well-Maintained Website

Once seen as a mysterious skill, web design can be done by almost anyone thanks to various architectural software. Site builders typically only cost a couple of dozen dollars per month to design and maintain your company’s online presence.

Designing a sleek website can benefit businesses of every type, and it can increase both your local and online presence if you study up and follow some basic search engine optimization techniques. Launching your website is a great springboard to taking your business to the next level.

Between taking reservations, publishing informative content, to building a subscription base, every entrepreneur should create some sort of online platform. With how easy website building has become, there is no excuse not to be reaching out to a digital audience.

Helping your small business blossom might seem daunting at first, but with some forethought and slowly putting one foot in front of the other, you can help your company explode onto the local scene and get the word out about everything your firm has to offer.

For more help with your entrepreneurial goals, CBS-CBS.com is there to help you every step of the way.