15 Shopping Cart Abandonment Statistics That You Should Know

While ecommerce growth looks rosy, small online retailers know that making a sale is not always easy. Even if you can get consumers interested enough to visit your website, you have to prevent shopping cart abandonment in order to grow your business. In this article, we explore the reasons why shoppers abandon their carts plus…

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SBA Business Loan Calculator

A loan backed by the U.S. Small Business Administration (SBA) can be the least expensive way to get capital for many small businesses. They typically offer small businesses lower interest rates and longer terms than other financing options. Our SBA loan calculator will help you see just how affordable your SBA loan can be for…

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Source: https://fitsmallbusiness.com/sba-loan-calculator/

Commercial Real Estate Loan Rates

Commercial real estate loan rates remain at near all time lows, making now a great time for small business owners to purchase or refinance commercial property. A variety of different lenders make commercial real estate loans. This article covers how commercial real estate loan rates work and the interest rates that different types of lenders…

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Source: https://fitsmallbusiness.com/commercial-real-estate-loan-rates/

SBA Loan Rates – Current Interest Rates and How They Work

There are three primary types of SBA loans: SBA 7A Loans, SBA Express Loans, and CDC/504 Loans. SBA 7A loans and SBA Express loans can be used for a wide variety of purposes, including growth capital and refinancing. CDC/504 loans, on the other hand, are specifically for the purchase of fixed assets like real estate…

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Source: https://fitsmallbusiness.com/sba-loan-rates/

How to Process Bank Reconciliation in QuickBooks

Welcome to the Fit Small Business QuickBooks Online training course! In this lesson, we’re going to cover how to reconcile bank and credit card accounts in QuickBooks Online. You can follow along on your own QuickBooks Online account. If you don’t have one already, click here to sign up for a free 30-day trial and…

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Source: https://fitsmallbusiness.com/bank-reconciliation-quickbooks-online/

Self Storage Loans: The Ultimate Guide to Self Storage Financing

Self storage loans are typically used to finance the purchase, renovation, or new construction of self storage units and commercial real estate buildings. The three most popular self storage loans are conventional bank loans, SBA 7a loans for commercial real estate, and SBA 504 loans. Other alternative loan options exist, but typically are more short…

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Source: https://fitsmallbusiness.com/financing-self-storage-loans/

Self Management: 5 Steps To A Self Managed Workplace

Self management means that a manager sets the overall direction of the team and trusts that employees will deliver on their commitments. The manager’s contact with direct reports generally consists of one daily meeting for project updates, issues, and resource requests. Otherwise, employees complete their own tasks, run their own projects, and solve their own…

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Source: https://fitsmallbusiness.com/self-management/

Could you use an extra $10K for your small business this holiday?

Sponsored post

Visa is helping lead the cashless movement by working to reshape how people pay and get paid. Visa will award $10K each to up to 50 eligible restaurant, café or food truck small businesses who best answer, “How would going cashless benefit your business and what does Visa’s cashless movement mean to you?”

It’s easy to apply! All you need to do is get out your smartphone and record your answer in a video that’s 60 seconds or less. There’s no obligation to go 100% cashless to participate or win. Check out the challenge details below and at www.visa.com/cashless – and good news, the deadline to apply has been extended to November 30!

Now, if you run a food truck, café, deli, diner or gourmet restaurant, you already have enough to worry about: your inspections, mechanical breakdowns, spoilage, employee theft, property and vehicle insurance and robberies. Why worry about how you’re going to get paid too? I’m going to let you in on the benefits of going cashless. This will help you answer the question for your contest video submission.

Benefits of going cashless

People live on their smartphones. 70% of the world – or more than 5 Billion people – will be connected via mobile device by 2020, meaning there will be more users who can make purchases electronically than ever before. The average phone user in the U.S. checks their phone more than 150 times a day. If you are a food service small business, why not make sure that there’s one more way for your customers to do business with you? Going digital allows your patrons to pay via device. Additionally, wouldn’t it be great to spend less time reconciling the cash register every night at close?

Going cashless takes the concept of grab-and-go to whole different level. This is a huge opportunity for your business to meet the growing demand of your customers. As millennials become an increasingly important customer base and more commerce is initiated via mobile device, adding digital payments to the equation makes your business look tech-savvy, and could increase your takeout or delivery business. It’s fast, convenient, safe, and future-proof.

Enter this challenge today. From now until Nov 30, 2017, food service small businesses who operate a restaurant, food truck or cafe can enter the Visa challenge at www.visa.com/cashless.

Perhaps your holidays will be a little brighter with an extra $10K.

This article was sponsored by Visa Inc., the content is the advice and opinion of Melinda Emerson.

NO PURCHASE NECESSARY TO ENTER OR WIN. Eligible merchants are not required to “go cashless” or exclusively accept electronic payments to either participate or win an award.  Open to legal U.S. (excluding MA) and DC residents, 18 and older who are owners of a for-profit small business food service such as a restaurant, café, or food truck which has a physical storefront or vehicle presence, not currently 100% cashless as of 9/6/17. Business must have 100 or less employees. There is a limit of One (1) Entry per person and small business. Subject to Official Rules. Void in Massachusetts, Puerto Rico and where prohibited. Challenge ends 11/30/17. Click here for the Official Rules on eligibility and how to apply and review the Visa Privacy Policy. Sponsor: Visa U.S.A. Inc. Official Rules here.

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Source: http://succeedasyourownboss.com/use-extra-10k-small-business-holiday/

Who’s on #Smallbizchat November 2017

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#Smallbizchat is a weekly conversation where small business owners can get answers to their questions. The focus of #Smallbizchat is to end small business failure by helping participants succeed as your own boss.

Please join us live on Twitter every Wednesday 8-9 pm ET. Here’s how: follow @SmallBizChat on Twitter and follow the hashtag #Smallbizchat and click here for directions to join the weekly conversation.

In November, we’ll be talking about SEO, how to grow your sales, handling conflict and how to effectively outsource your marketing.

Here is a list of who is on #Smallbizchat in November.

November 1st – SEO Tips You Can’t Ignore for Your Company’s Blog, @domainME

Natasa Djukanovic is the CMO at domain.me and Co-founder of digitalizuj.me.  Natasa is also an active educator of young people and business professionals on startup strategies, digital business and technology.  Visit www.domain.me

November 8th – How to Implement Cost-Effective Programs to Grow Your Sales, @louisgudema

Louis Gudema has worked with companies from MIT startups to IBM — and everything in between. Today he is focused on helping small- and mid-sized businesses grow faster by focusing their efforts with his Bullseye Marketing Framework. Learn more at www.revenueassociates.biz

November 15th – How to Handle Conflict in Your Life and Business, @quiettherage

R.W. Burke who is a Certified Professional Coach through the Institute for Professional Excellence in Coaching and is the top coach on Ford Motor Company’s Consumer Experience Movement (CEM) project.  He is also the author of a self-help book for business executives – Quiet the Rage:  How Learning to Manage Conflict Will Change Your LIfe (and the World).   Find out more at www.quiettherage.com

November 22nd – No SmallBizChat this week – HAPPY THANKSGIVING

Enjoy your holiday!

November 29th – How Outsourcing Marketing Can Hurt Your Small Business, @harbren

Jill Harbren is a marketing consultant for small businesses that think differently. She is a mentor and the founder of Harbren Marketing and has been in the small business trenches for around 20 years. She helps businesses to discover the top mistakes that small businesses make with their marketing and how to fix them. More information at www.harben.com

Every Thursday morning on Melinda’s blog, a complete Q&A interview from each #Smallbizchat is posted as a recap http://www.succeedasyourownboss.com

 

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Source: http://succeedasyourownboss.com/whos-on-smallbizchat-november-2017/

How to Use Zoho CRM In 5 Steps

CRM systems help you to manage your sales process more efficiently and effectively. In this guide we explain how to setup Zoho CRM, which is one of the most popular small business CRM systems. We will explain how to get your data into Zoho, how to setup your sales pipeline and how to customize fields…

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Source: https://fitsmallbusiness.com/how-to-use-zoho/