8 key features of a customer dispute resolution process for businesses
No matter how carefully and congenially you run your business, customer disputes will likely happen from time to time. Some of the complaints may be people looking to negotiate a discount, “game the system” or even outright defraud you. But others could be legitimate complaints arising from mistakes on your company’s part, technological glitches or, perhaps […]
Health care self-insurance and stop-loss coverage: What business owners need to know
For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options: fully insured or self-funded. Health care self-insurance is something to know more about. A fully insured plan is simply one you buy from an insurer. Doing so limits your financial risk while offering […]
Want to Enjoy a Success Boom? Start with Business Consulting Services
Are you a budding entrepreneur dreaming of turning your small company into a success? Many steps need to be taken to get your business off the ground, but one of the most essential is seeking experienced business consulting services. Not only can these consultants provide invaluable advice, but they can also help make sure your […]
A general look at generative AI for businesses
If you follow the news, you’ve probably heard a lot about artificial intelligence (AI) and how it’s slowly and steadily expanding into various aspects of our lives. One widely cited example is ChatGPT, an AI “chatbot” that can engage in conversations with users and create coherently written articles, as well as other content, when prompted. […]
7 common payroll risks for small to midsize businesses
If your company has been in business for a while, you may not pay much attention to your payroll system so long as it’s running smoothly. But don’t get too complacent. Major payroll errors can pop up unexpectedly — creating huge disruptions costing time and money to fix, and, perhaps worst of all, compromising the […]
Business owners, your financial statements are trying to tell you something
Business owners are commonly and rightfully urged to regularly generate financial statements in compliance with Generally Accepted Accounting Principles (GAAP). One reason why is external users of financial statements, such as lenders and investors, place greater trust in financial reporting done under the rigorous standards of GAAP. But that’s not the only reason. GAAP-compliant financial statements […]
Should your business change its health care plan for next year?
Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their employer-sponsored coverage for next year, or perhaps to think about launching a plan for the very first time. If you’re going to do either, you’ll have many details to sort through. To simplify […]
B2B businesses: Assess customer credit carefully
Does your company operate in the business-to-business (B2B) marketplace? If so, you’re no doubt aware of the double-edged sword that is customer credit. On the one hand, it’s common practice. Most customers likely expect to be offered a credit option when engaging in B2B transactions. On the other, credit arrangements inevitably come with risk of late […]
Succession Planning: Decide the Future of Your Business
When deciding the future of your business, succession planning is a critical task. Business owners take their companies through many phases with intricate decision-making that can affect future generations. Planning for how and when those decisions will be made is essential if you want to ensure the long-term success of your enterprise. Succession planning should […]
The 4 Best Tax Planning Strategies
Tax time can be stressful. After all, no one likes the thought of owing money to the government when it comes to doing their taxes. But with some planning and know-how, you’re sure to get past tax season with flying colors, and put more money in your pocket too. Knowing some of the best tax […]
