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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

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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

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...

Mar182021 by BizGrowth Staff WriterNo Comments

Billing My Clients When Not In the Office

Business Solutions, E-Commerce, How-To, Payment Processing, What's Hot

The billing process is one of the most fundamental aspects of smooth business operations. Handling the billing process has an incredible impact on the reputation and reliability of the company. One can begin invoicing their clients when not in the office once they are organized and have an invoicing system in place. Ways of billing clients when outside the office Automatic billing One of the steps for billing your clients when not in the office is through automatic billing. Taking advantage of simple automation features enables payments to be made faster and saves time. Whether it’s weekly or monthly, you can use a software that will automatically bill your customers and has a subscription rate that is agreed upon. This saves you time, even when outside the office, keep...

Mar62021 by BizGrowth Staff WriterNo Comments

Tips for Billing Clients Not in the Office

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

After rendering services or products, it’s essential that you ask for payment from a customer. This is a vital task since it allows you to keep track of your billing and accounts receivable, making the invoicing process convenient for both you and your clients. Having an effective billing system will enhance efficiency and cash will steadily flow into your bank account. Here are some of the tips for billing clients when not in the office. Set your terms When it comes to client invoices, set the payment terms that will suit you. For instance, outlining a seven-day payment term can be easily implemented and is perfectly reasonable. Be very specific with your clients about the payment terms when offering them a project pitch or sending them an invoice. You should state your expecta...

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...

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...

Feb222021 by BizGrowth Staff WriterNo Comments

Billing Clients Virtually

Business Solutions, E-Commerce, Payment Processing, What's Hot

Billing is the process of producing and distributing invoices to clients on a one time or recurring basis, depending on the pricing plan chosen by the client. To enhance customer satisfaction and buying experience it is crucial for a business to have a variety of billing and online payment options. By providing options, it will allow for convenience and will reduce the time a company takes to get paid. Billing clients virtually and receiving payments securely over a mobile application, website, and phone saves time and money. Here are some of the ways used to bill clients online. Make use of the right tools Adopting an online invoicing platform, that will be used for client transactions is the first step that you need to take. Having the right platform for sending your invoice v...