Trends – BizGrowth.net

Apr242021 by BizGrowth Staff WriterNo Comments

Tips for Saving Money When Reopening Your Business after Covid

Breaking News, Business Solutions, E-Commerce, How-To, Tech, Trends, What's Hot

Due to Covid-19, many businesses have been operating remotely. As life slowly moves back to normal, however; several businesses are reopening, and others are in the process of doing so. As business owners adapt to the “new normal,” there is a lot they need to take into financial consideration since these are more extraordinary times that require additional measures. To avoid spending extravagantly, it’s important that business owners revisit their business plans to determine what can be omitted to avoid unnecessary spending. Cut on non-essential subscriptions Times have been good before, and many businesses had services and subscriptions to make the working environment more manageable. Most of these extras are not necessities, and because employees can work without them ...

Apr122021 by BizGrowth Staff WriterNo Comments

Top Cash Discount Programs for Reopening Businesses after COVID-19

Breaking News, How-To, Trends, What's Hot

A cash discount program is a service offered to clients by businesses that allow trade by cash, where a discount is provided on the set price of a commodity. It is meant to encourage cash transactions over credit and debit cards. Bouncing back to business after COVID-19 would require cash discount programs, as people in the industry aim to maximize profits. It will also help to reduce costs by evading the fees charged in processing credit and debit cards. Besides, chargebacks that affect businesses negatively can be avoided by employing Cash Discount Programs. We will discuss various ways that traders can utilize to actualize the cash discount process. Trade Discounts This discount is offered to intermediaries who purchase goods in cash. It is meant to promote their loya...

Apr32021 by BizGrowth Staff WriterNo Comments

Top CBD Merchant Payment Processing Solutions

Avoiding Mistakes When Implementing a New POS System

Breaking News, Business Solutions, How-To, Payment Processing, Tech, Trends

A point of sale system has made it easier for merchants and businesses to sell their products and services conveniently to their clients. Whether you have a retail store or small business, your POS system will help you manage your operations and get more sales. You can also use your POS system to leverage eCommerce features like ordering online. POS system problems occur if you install your POS system incorrectly, if your employees lack POS training, or if you don’t have a clear understanding about what type of POS you need. However, many POS system mistakes are avoidable if you choose and implement your POS system properly. Mistakes to avoid when implementing a new POS system Picking the wrong POS Oftentimes, businesses do not take their time to select the right POS sys...

Mar222021 by BizGrowth Staff WriterNo Comments

Top POS Systems for the Restaurant Industry

Breaking News, Payment Processing, Tech, Trends, What's Hot

The top POS systems in the restaurant industry do more than accept and process sales payments. They make it easier to run and manage your business with features that help you connect with your customers and analyze sales data. The POS system features also help you track inventory, manage employees, and analyze data. These systems also have integrations for loyalty programs and email marketing that save you time and streamline processes. Below are some of the top POS systems for the restaurant industry. Touch Bistro Touch Bistro is an affordable POS system that focuses on the restaurant owner's needs and has reservations, table and delivery management features. It suits all kinds of food establishments including casual eateries, fine dining, pubs, food trucks and cafes. It ha...

Mar152021 by BizGrowth Staff WriterNo Comments

Avoiding Mistakes When Billing Clients Not in the Office

Business Solutions, How-To, Payment Processing, Tech, Trends

Finance is the main component for maintaining a business that is run smoothly. Many businesses, whether new or established, struggle with billing or invoicing. A business owner may assume that invoicing is simple, straightforward, and may not require full attention, however; this is untrue since billing and invoicing clients properly is a major part of the job. It’s also vital for a business owner to avoid common mistakes or errors while billing or invoicing their clients. Below are some of the mistakes to avoid when billing clients out of the office. Invoicing the wrong person Invoicing the wrong person is one major mistake you should avoid when billing a customer as it leads to problems, delays, complicates the process and looks unprofessional. A business owner needs to make s...

Mar32021 by BizGrowth Staff WriterNo Comments

Best Practices for Billing Clients Not in the Office

Business Solutions, How-To, Payment Processing, Tech, Trends, What's Hot

Establishing best practices for billing clients is a critical component for enhancing positive cash flow and keeping the business running smoothly. With that said, it’s critical that a business has an established invoice system that sends and creates bills efficiently. Implementing best practices for billing clients when not in the office will save you time and money. It also helps generate more revenue in the business. Below are some of the best practices for billing clients outside the office. Set your terms Before working with a client, you should both agree on a set of terms. This is an initial step toward good customer relations, helps to avoid any friction, and increases the chances of getting paid on time. The set terms should clearly state when the project should be comp...

Feb282021 by BizGrowth Staff WriterNo Comments

Steps to Take That Will Help Your Merchant Account Grow

How-To, Trends, What's Hot

A merchant account is essentially a halfway point between the businesses’ bank account and the customer’s bank account when electronic payments take place. Once the payment processor has set up a merchant account for your business, you can now begin conducting debit and credit card transactions with your clients. A payment processor with a solid merchant account will offer additional value to your business and provide selling tools to boost your sales. Below are some of the steps that will help your merchant account grow. Define your basic goals and needs One of the steps involved in growing your merchant account is having a clear set of goals and objectives that you want to accomplish. You may consider defining what type of selling tools or inventory tools you want to use f...

Feb272021 by BizGrowth Staff WriterNo Comments

Scaling Your Merchant Account: What You Need To Know

Business Solutions, How-To, Trends

A merchant account is a business bank account specifically designed for businesses to accept and make payments. It allows a company to receive and process credit cards and other electronic payment transactions. Scaling your merchant account or business refers to handling an increase in work, output, and sales in the most cost-effective and efficient way. Below are some of the things you need to know about scaling your merchant account. Manage inventory It’s vital to ensure that you have the right quantities and items in stock to meet your consumer demand while scaling your merchant account. Whether you own a restaurant or a retail merchant, it’s important that you use the right merchant account or payment processing machine that will manage and keep track of your inventory. You ...

Feb262021 by BizGrowth Staff WriterNo Comments

Tips for Tackling Accounting Sheets and a Merchant Account

Business Solutions, Trends, What's Hot

Establishing an efficient way of keeping track of your account sheets and monitoring your merchant account is essential for enhancing your business growth. Many businesses experience a slump in sales due to the lack of managing their accounting sheets and monitoring their merchant account. The ability to generate revenue, handling your financial statements and monitoring your merchant account is vital towards growing your business. Below we take a look at some of the tips for tackling accounting sheets and your merchant account. Create a business bank account To ensure that your business records are distinct and accurate, it’s critical that you have a separate bank account for your legally registered business. A business bank account also protects your assets from misfortunate c...