Category: Growing a Business

6 Signs You’re Micromanaging Your Business

6 Signs You’re Micromanaging Your Business

No one wants to be micromanaged, but as it turns out, no one really wants to be known as a micromanager either. While a super small start-up might get away with it for a while, this annoying and often demoralizing habit can have a devastating effect on the workplace. It is especially destructive to a growing enterprise. Here’s why you can’t afford to allow it in your company culture, and how you can recognize it before it gets out of… Read More
6 Ways to Save Money On Payment Processing Fees

6 Ways to Save Money On Payment Processing Fees

In life and in business, fees are always adding up. Take business loans as an example. To get funds, you’ll pay an interest rate for an agreed upon term. There might be an origination fee for processing your application, a late payment fee if you’re behind on payments, or a monthly maintenance charge. You have to understand what you’re actually going to pay before you sign on the dotted line. Credit card processing fees are the same way. Here are… Read More
Do I Need an Employer Identification Number?

Do I Need an Employer Identification Number?

When you’re starting a business, you’ll have a lot of questions. Among them, “Do I need an EIN?” As with so many business questions, the answer is “it depends.” According to the IRS, an EIN is a nine-digit number used to identify tax accounts of employers and certain others who have no employees. It’s sometimes referred to as the business equivalent of a Social Security number, though the format is slightly different: XX-XXXXXXX. It’s also known as a federal tax… Read More
How a Strict Budget Was Key to Getting This Telecom Company Off The Ground

How a Strict Budget Was Key to Getting This Telecom Company Off The Ground

José Cruz is the founder of rēd wireless, a cellular telecom company based in Detroit, Michigan. Cruz calls the company “a collaborative family business” that helps building owners and end-users access reliable cellular connectivity indoors. Cruz leverages 20+ years in the telecom industry to demystify cellular for his clients. Why did you start this business? I never had the entrepreneurship bug. In the ‘90s, I graduated with a bachelor’s degree in electronics from the University of Puerto Rico. From there,… Read More
How to Get On The Shelf of Walmart Stores

How to Get On The Shelf of Walmart Stores

When measured by revenue, Walmart is the largest company in the world. With over $485 billion in revenue in 2016, Walmart is also the world’s largest retailer, and the largest overall company for the fifth year in a row. According to Fortune, the company stocks more than 50 million products. With a global reach and massive sales opportunities, there is no surprise that both big and small businesses want their products on the shelf at Walmart stores. If you think… Read More
5 Rookie PayPal Mistakes

5 Rookie PayPal Mistakes

Providing customers with multiple, easy payment solutions can help increase conversion, and with 210 million active account holders, PayPal can be a solid addition to your checkout solutions. Signing up and setting up your account is fairly easy, but for small business owners who are testing the PayPal waters, lessons from those who have come before can make a huge difference in your future success. Here are five rookie mistakes that you should avoid: 1. Assuming PayPal Is Only for Online… Read More