Growth is essential for any business to succeed. Even for companies that have just opened their doors, having a strategy for how to expand is paramount. While no two businesses are alike, there are many things an entrepreneur can do to ensure that the new business...
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Benetrends Blog
9 Smart Ways Entrepreneurs Reduce Overhead for New Businesses
New small business owners face a lot of financial pressure, especially in the first few years of operation. Savvy entrepreneurs look for ways to reduce costs while not skimping on important expenses that help build awareness, attract customers, and boost revenue....
How Entrepreneurs Solve First-Year Cash Flow Issues
One of the greatest challenges for small business owners in their first year is managing cash flow. It is not surprising, given the significant start-up costs new businesses face, the uncertainty of receiving client payments in a timely manner, and a host of other...
Forecasting First-Year Business Expenses and Establishing a Revenue Stream
Many small business owners do not know what they do not know when starting out. One aspect of starting a small business that can lead to early success for entrepreneurs is accurate forecasting of both revenue and expenses. Especially in the first year, forecasting how...
Financing Your Future: 8 Challenges for the Entrepreneur
You have your vision of business ownership. Whether it’s creating a new product or service, purchasing an existing business, or investing in a franchise opportunity, the dream is real. You can see it. For many entrepreneurs, the challenge comes after you have...
Increase Buying Power and Cut Credit Card Processing Costs
Entrepreneurs in many businesses know the importance of providing customers with flexible payment options. Credit cards offer convenience to customers and make businesses more attractive to those who prefer using plastic. However, many entrepreneurs...
Covering the Insurance Needs of Your New Business
Small business owners need commercial insurance coverage that will keep them, their company, employees, and customers safe and protected. Understanding the types of business insurance that your company should have means having a trusted partner to help you...
What Type of Retirement Plan Should You Offer Your Employees?
Retirement plans are a strategic component of small business employer recruitment and financial planning. Small business owners who choose to provide employees with a retirement plan are making a smart choice, as retirement plans help attract and retain...
Why You Should Offer a Retirement Plan
Retirement plans offer financial security and peace of mind. For participants, retirement planning allows for confidence in retirement and flexibility to meet life’s unexpected turns. For companies that provide retirement benefits, the advantages are...
The Advantages Outsourcing and Support Services for your Business
Entrepreneurs need to wear many hats - taking on multiple roles - when starting their own business. Finding the right balance and having enough time to handle all of the tasks required can be daunting. Everything feels important and critical, and usually at the same...