Category: Business

  • QuickBooks Online: How to Record a Bounced Check

    QuickBooks Online: How to Record a Bounced Check

    Intuit’s online accounting software, QuickBooks Online (QBO), allows users to record checks that are returned due to insufficient funds in the bank account as bounced checks so that they do not have to re-enter the information every time it happens, saving time and preventing data entry errors. In this article, we will show you how to add bounced checks to your QBO account so that you can avoid late fees on your account and avoid making any mistakes when it comes time to pay your bills.

    What is the difference between Received Payment and Cleared Payment?

    Received Payment is the date that your bank credited your account with the amount of the check. Cleared Payment is the date that the funds from the check were made available at your bank.

    What is the difference between checking, ACH, and wire payments?

    The difference between checking, ACH, and wire payments is that checks are used when you have to pay someone who doesn’t accept electronic payments or if you need to pay with a check for whatever reason. ACH transfers are typically used for recurring bills like your utility bill. Wire transfers are typically used when sending money internationally.

    How do I enter my bounced check in QuickBooks Online? 

    To enter your bounced check in QuickBooks online, click on the Accounts tab at the top of the screen and then select Write Checks from the drop-down menu. In the new window, enter the name of your bank and account number in the ‘Payee’ field and then enter in the amount for which you wrote this check.

    I received payment but it does not appear on my online bank statement or transaction history.

    If the payment does not appear on your bank statement or transaction history, then it has been recorded as a bounced check. Please log into QuickBooks and click on the Bank tab. From there, you will be able to see any of the checks that have been recorded as bounced in the list view below. If you need more information about any of these checks, click on them and they will appear in the detail view. Once you have found the check that was paid but showed up as a bounced check in your list view, click View Transaction Details from within the detail view for more details about this particular check including what caused it to be recorded as such.

    My bank charged me for receiving this bounced check. Where can I record this charge?

    If you want to record this charge, you need to log into your QuickBooks account and go the Company tab. From here, click on the Accounting tab and then select Bank Feeds. From the right-hand side of the screen, scroll down until you see a list of banks. Double-click on your bank’s name and then hover over the bounced check that you received. From here, click on Receive Item and then make sure it says Yes under Did You Receive This Item?

     Where do I record this refunded payment?

    1) Go to the Enter Transactions tab and select Deposits.

    2) Click on the deposit that you want to refund.

    3) Select the Refund Payments option from the drop-down menu in the upper right-hand corner of the screen.

    4) Click on the checkbox next to all of the checks that you would like refunded and click Next.

    5) Select which account will receive this refund by selecting it from one of your bank accounts or using another QuickBooks account.

    6) Enter an amount for each check that will be refunded and confirm that you are okay with having your bank send this amount back as a credit.

  • The Best Alternatives to PayPal for Small Businesses in 2022

    The Best Alternatives to PayPal for Small Businesses in 2022

    PayPal was founded in 1998 and quickly became one of the most popular ways to send and receive money online. For many people, it’s the only way they’ll ever send money online, and the service has an estimated 179 million users worldwide as of 2017. As PayPal continues to grow, though, its flaws are becoming more apparent. Below are 14 alternatives to PayPal for small businesses in 2022 that you should consider if you want to give your business greater financial freedom today.

    Paysend

    – Real-time, guaranteed transaction processing -Credit card processing fees as low as 1.5% -Integration with popular e-commerce platforms like Shopify, WooCommerce, and Big Commerce -Accepting payments through mobile devices or desktop computers -Multiple channels such as email receipts and online invoices -Customizable reporting dashboard

    Square

    As the leader in online payments, PayPal has dominated the world’s economy. However, as they continue to grow, they are becoming less available for small business owners. Square is a mobile payment app that helps sellers process credit cards and use email marketing tools to promote their brands. This is an example of one of the best alternatives that small businesses can use instead of a traditional payment processing system like PayPal.

    Google Pay

    You can link your existing credit card or bank account, or add a new one. If you choose not to have a credit card linked, Google Pay lets you store your debit card information so it’s available when needed (you’ll be charged 1% of the transaction amount).

    Stripe

    -Stripe is best known as a payment gateway with an easy setup, reliable service, and competitive pricing.

    -It has one of the lowest rates on the market and is often endorsed by content creators because it provides a good all-around experience.

    -Stripe charges 2.9% + 30¢ per transaction, making it one of the most affordable options on the market.

    Shopify Payments

    If you are looking for a payment solution that is both easy to set up and inexpensive, Shopify Payments might be the best alternative to PayPal out there. With only a one-time $79 fee, Shopify Payments lets you take your business from cash-only payments to being able to accept all major credit cards.

    Intuit Payment Solutions

    In many ways, Intuit is a clear competitor of PayPal. The two companies have been duking it out since the early 2000s. Unlike other competitors, which offer either a payment solution or accounting software (or both), Intuit offers both these services as well as accounting and payroll solutions. Although Intuit’s solutions are not universally popular with small business owners, they’re still worth taking a look at if you’re considering an alternative to PayPal.

    WePay

    Online payments service wepay offers a low-cost alternative to PayPal. With wePay, you can set your own pricing, process transactions offline, and offer to invoice. In addition, WePay integrates with major e-commerce platforms like Shopify and BigCommerce. It also integrates with Facebook Messenger, Slack, and email marketing services like MailChimp.

    GoCardless

    What makes GoCardless stand out is that they offer a payment solution that integrates with every aspect of your business. You can also process VAT-compliant payments, send invoices, and much more. Plus, they’re not limited to just the United States – they have clients around the world

    Adyen

    It’s important for any small business owner to have a reliable payment processor that fits their needs. Adyen offers a variety of payment processing options and features, including real-time fraud detection, location-based inventory tools, and more. If you’re looking for an alternative to PayPal that provides the same level of security, reliability, and flexibility, then Adyen is worth your consideration.

    Realex Payments

    Realex is a global leader in fraud prevention and secure online payments. Realex provides merchants with a range of credit card processing solutions, from secure payment gateways that enable e-commerce, to offline payment and collection services. Realex’s focus on customer service, product innovation, and superior processing rates has helped make it the preferred choice for merchants worldwide.

    Financial Flexibility

    PayPal is an all-in-one solution for sending, requesting, and receiving payments. This service has been a leader in the P2P space since 2001, but with stiff competition from Square, Apple Pay, Google Wallet, Stripe, and other players on the market it’s important to consider alternatives. Here are some of the best alternatives that we recommend small businesses should consider

     

  • The Best Way to Shop for a Small Business Loan

    The Best Way to Shop for a Small Business Loan

    If you need capital to finance your small business and you aren’t sure how to get it, you might consider a loan from a bank or other traditional financial institution. However, some business owners decide not to go the traditional route because it can be time-consuming and costly to find out which banks offer what loans and how much those loans will cost when all is said and done. Instead, you can use Lendio to compare shops from multiple banks at once, ensuring that you get the most competitive rates on your small business loan.

    Why Bother with Lending Platforms?

    There are several reasons why you should bother with lending platforms, even if you’re not in the market for a loan. First, it’s the best way to compare shop for small business loans. Second, these platforms often offer great rates and terms that you might not be able to find elsewhere. And lastly, your time is valuable and this is one more thing you don’t have to worry about. Shopping around can take hours of your day that could be used more wisely elsewhere.

    Step 1: Choose A Reputable Platform

    Lendio’s platform enables users to compare loan offers from vetted lenders. This is the best way to shop for small-business loans. Users can find the best type of loan based on their requirements and even research repayment terms before applying. Once they have found the right offer, they can apply online and get an instant decision or callback.

    Step 2: Search Multiple Options Before Settling on One

    You may think that once you’ve found the best business loan company, you’re all set. However, there are many factors to consider when applying for an unsecured business loan. One of the most important is comparing interest rates and APRs from different lenders. Use this tool from Lendio to help compare unsecured loans with different repayment terms, APR ranges, and more.

    Step 3) Once You Have Found Your Candidate, Get Pre-Qualified Immediately

    The first step is to find your best option for comparing small business loans. Lendio is a great resource, as they offer both unsecured and secured business loans. What is the difference? Secured business loans use collateral, such as real estate or inventory, as security. Unsecured business loans do not require any collateral other than personal guarantees from the borrower. Secured loans typically have lower interest rates than unsecured ones but may be more difficult to qualify for.

    Step 4) Determine the Value of Each Deal

    Business loans can be complicated, but they’re usually not as bad as you might think. The best way to find the best option is by comparison shopping and making sure you know what your options are before signing on the dotted line.

    Step 5) Know What Terms you Can Live With

    There are many factors that go into choosing the right small business loan for you and your company. For example, the amount of time it will take to pay off the loan and how much money you need are important factors. You should also think about what terms are most important to you. The best way is to compare different loans side-by-side before making your final decision.

    Step 6) Build Credit Before Taking Out a Loan

    Start by applying for any credit card you can. This will help build up your credit score, which is important when taking out a small business loan. Once you have some history on your credit score, you’ll be in a better position to apply for the best loan rates available.

    Remember that even if you get approved for one of the best loans, you may not qualify based on your outstanding debt-to-income ratio. You may need to show that there’s enough cash flow from your business to support the new loan payment or use other assets as collateral.

  • The Best Overall Small Business Lending Option for Navy Federal Credit Union Members

    The Best Overall Small Business Lending Option for Navy Federal Credit Union Members

    Small business lending can be difficult, especially when trying to find the best option for you and your small business. However, Navy Federal Credit Union offers their members the best overall small business lending option, giving you plenty of great features with loan amounts starting at $25,000 at an affordable APR of 6%. You get all of this with the added benefit of local service in case you ever need it.

    Rates

    Navy Federal offers competitive rates, with an APR as low as 4.5%. The APR is determined by the borrower’s credit score, their loan amount, and type of loan. For example, a business owner who wants to borrow $100,000 at 5% interest will pay $2,076 in annual interest.

    If they want to borrow $300,000 at 5%, they will pay $10,400 in annual interest. And if they want to borrow $500,000 at 5%, they’ll owe a whopping $20,800 per year in interest payments. But remember that the lower your credit score is when you apply for a loan with Navy Federal and other lenders on our list–the higher your rate will be.

    Fees

    Navy Federal Credit Union offers a variety of loans with competitive rates and terms to help you take your business to the next level. With our business loans, you can rest assured knowing that you’re getting the best deal possible thanks to our low fixed-rate pricing. Navy Federal also doesn’t require any down payments or personal guarantees on business loans, so you never have to risk everything on your venture. But don’t just take our word for it. We work hard every day to provide excellent service and financial solutions that suit your individual needs. So come in today and let us show you what we can do!

    Program selection

    Navy Federal Credit Union is the best overall small business lending option for its members because of its competitiveness and good customer service. They have competitive rates, a variety of loan programs, and good customer service. Many people also appreciate that they offer loans with flexible repayment options. However, in order to qualify for these loans you must be a member of the credit union, which is open only to military personnel and their families.

    Availability

    Navy Federal Credit Union (NFCU) is one of the most popular credit unions in the country. It is one of the largest credit unions in terms of assets and size, and as a whole, it gives its members great rates on loans. NFCU offers a variety of loan options, from personal to business loans, that can be tailored to suit your needs. Take a look at what makes it such a standout option:

    1. NFCU’s loans have competitive interest rates.
    2. There are no origination fees on any loans with amounts up to $100,000, which is higher than many banks allow without an origination fee.

    Ease of use

    Navy Federal is the best option for small business lending because of its competitive rates, high loan limit, and streamlined online application process. The application process is easy to follow with a few simple steps:

    1. Choose your type of loan
    2. Calculate your monthly payment
    3. Submit your application
    4. Receive notification whether you’ve been approved or denied
  • The 5 Best Small Business Loans for Veterans

    The 5 Best Small Business Loans for Veterans

    Getting the capital you need to start or grow your business doesn’t have to be difficult. Whether you’re eligible for small business loans through the Small Business Association or other government-backed programs, or are looking to finance your business through private lenders, there are plenty of options available to help ensure your success. To learn more about what types of loans might be right for you, check out our guide to the best small business loans for veterans below.

    The SBA Loan

    It is often said that the SBA Loan is the best loan option available to veteran small business owners. The 7(a) loan program provides funding to established businesses in all industries, has a low-interest rate and has flexible repayment terms. The application process is straightforward and only takes about an hour to complete.

    How Do I Get An SBA Loan?

    If you want to use your home as collateral, it is important to note that there are different types of loans that will allow this. The most common type is a home equity loan. This is where you take out a loan against the equity in your home. You can also get what’s known as a second mortgage which is typically offered by traditional banks but not by credit unions or online lenders. Finally, there are also private mortgages and business loans that may allow you to use your property as collateral.

    Can I Use My House As Collateral?

    Yes! You can use your house as collateral when taking out a small business loan. When you apply for a mortgage, your home equity is counted as an asset that lenders are willing to accept. This means that if you default on the mortgage, the lender will have the right to foreclose and take ownership of your property and sell it in order to recoup their losses. However, they’re not just going to let you walk away from this debt without any consequences. If you don’t pay off the mortgage, or miss payments on your loan, they’ll start foreclosure proceedings and eventually take ownership of the property.

    What Are the SBA Loan Requirements?

    In order to qualify for the SBA 7(a) loan, applicants must be an owner or co-owner of the business and have at least 51% equity ownership. Applicants must also be 18 years old or older and a citizen of the United States. The loan limit is $5 million, but in some cases, up to $35 million may be obtained with a guarantor. You cannot borrow more than you need and cannot borrow more than your equity share in the company.

    What Is The Maximum Amount That I Can Borrow?

    The maximum amount that you can borrow is $500,000. The interest rates vary based on the level of certification. There are also two different types of loans available:

    1) A one-time loan up to $500,000 with an interest rate between 6-8%

    2) A revolving credit line up to $500,000 with an interest rate as low as 4%. For a veteran business owner who wants to take out a loan, the biggest benefit of these loans is that they do not require collateral or personal guarantees and they can be used for any type of business.

  • Top 8 reasons you might get fired

    Top 8 reasons you might get fired

    So you’re in an entry-level job, and you think you’ve got it all figured out. But wait! There are some things that can get you fired! Here are the top 8 reasons employers have to let you go; learn from their mistakes and don’t make these same errors yourself!

    Acknowledging Reality – This is Where it All Begins

    No one wants to think they’re the wrong person for the job, but it’s a reality. What’s more, there are ways you can actively work on fixing these issues so that people are happy and have a reason to keep you around

    Not Taking Responsibility

    One of the things that will make a manager want to fire someone is not taking responsibility. Even if they’re not in charge, they still have to take responsibility for their actions. There are many situations where people try to shift blame elsewhere or blame accidents on somebody else – and those incidents can cost them their job. Of course, it’s important not to make excuses when mistakes happen, but it’s more important that employees own up and try to fix the problem instead of blaming someone else.

    Failure to Give Recognition

    You may have to commend and praise your team, but it is up to the manager to make sure people know that they are appreciated. It is also important for a manager to give credit where credit is due. Giving someone recognition is an easy way of letting them know they are valued on the team.

    A Lousy Manager/Supervisor

    A Lousy Manager/Supervisor may be difficult to spot right away. But don’t worry, your new boss will let you know. At best, a lousy manager is not very interested in developing his staff and does little coaching or training. At worst, he’s abusive, constantly yelling at employees and belittling them about their work or ideas. And that’s if he has any time for them at all!

    Lack of Planning/Organization

    No two people are the same and not every boss or business can be happy with your decision. A lack of planning and organization is a major factor in how happy employees make their superiors, so it’s best to avoid these kinds of situations at all costs.

    One thing many bosses have in common is that they have little patience for an employee who does not know what he or she is doing at any given time.

    Lack of Follow Through on Promises

    One of the main reasons that people lose their jobs is when they do not follow through on what they promised. Losing the trust of your boss can lead to termination. Letting others down by not holding up your end of the deal will jeopardize your reputation and have a negative impact on your relationship with management.

    Neglecting Business Relationships – Customers & Colleagues

    One of the most important ways to maintain a thriving business is to invest in your relationship with clients and colleagues. As managers and founders, it can be easy for us to neglect the importance of these relationships because we may feel like we’re too busy running around.

    Failure to Develop Others

    Employees are the heart of any organization and they should be a top priority. They need to know that their efforts are going to be noticed, so it’s important to take steps in letting them know that their work is valued and appreciated.

  • 8 payroll terms every employer should know

    8 payroll terms every employer should know

    Are you an employer who has recently hired new employees? Whether you’re self-employed or work at a company that employs 10 or more workers, you need to understand how payroll works and the terms that come with it. After all, if your business runs payroll, it’s your responsibility to ensure that every employee is paid their correct wages and benefits, on time and in full! Here are eight payroll terms every employer should know

    1) Overtime

    Extra hours worked by an employee outside of their standard hours are called overtime, or time and a half. Federal law mandates that most workers be paid 1.5 times the regular hourly rate for each hour of overtime.

    2) Direct Deposit

    Direct deposit is when you authorize your bank to withdraw funds from your checking account, at a date and time you specify, and deposit those funds into another bank account. Direct deposit is an easy and secure way for employers to pay their employees without having to mail out paper checks each month.

    3) Gross Income

    Gross Income is the amount of money you earned in a year. Gross Income, also called earned income and income before taxes, does not include monies from sources such as investments, pensions,s or Social Security payments.

    4) Defined Benefit Plans

    A Defined Benefit Plan is a type of pension plan that gives a pre-determined benefit on the retirement date. Employers are legally required to offer employees this benefit, but the types and amounts of these benefits can vary greatly. The contribution to this type of plan usually only comes from the employer and taxes on the benefits are taken at retirement (benefits will be lower if withdrawal is made before retirement). Because there are many different types of Defined Benefit Plans and individual plans may vary depending on factors such as which company offers it or what union negotiated it, there’s no standard across all employers with regards to requirements for coverage and other aspects.

    5) Base Salary

    Base salary is an amount that is paid to an employee at a set rate of pay, on a set schedule. Base salary does not take into account any variable pay or bonuses.

    6) Fringe Benefits

    Fringe benefits are benefits other than wages and salary. While some employers offer these as a way to make work more attractive, they must be reported as income and are subject to employment taxes. Employees may not be reimbursed for their out-of-pocket fringe benefit expenses, but they are tax deductible by the company if the employee meets eligibility requirements and is not provided on a pre-tax basis. Common fringe benefits offered by employers include health care, retirement savings, disability insurance, life insurance, tuition assistance or discounts for employees or family members in particular situations such as childcare needs.

    7) Liability Insurance

    Liability insurance is a type of commercial insurance coverage that protects against risks and potential liability in the event that someone is injured on your property or as a result of your business’s activities.

    When it comes to liability coverage, there are several options. With higher limits, you’ll pay less per month. However, higher limits will also come with a more expensive monthly premium.

    8) Profit Sharing Plans

    Payroll is one of the most time-consuming and expensive responsibilities for any employer. Now, imagine that you could reduce the burden and save some money with a profit-sharing plan. When it comes to protecting employees from layoffs, restructuring, or closure of the business, profit sharing is definitely something to consider.

    While profit-sharing plans are not a guarantee against layoffs or business closures, when structured properly they can make an exit easier for both the company and employee alike.

    Profit-sharing plans can also lead to better retention rates by motivating employees with incentives in place for them if they stay at your company for a certain period of time.

    When an employee shares in profits, their sense of ownership increases, which decreases turnover and increases productivity among workers.

  • 7shifts Review for 2022: Is This Restaurant Scheduling Software Right for Your Business?

    7shifts Review for 2022: Is This Restaurant Scheduling Software Right for Your Business?

    If you own or manage an independently owned restaurant, you might already know that scheduling employees can be a huge headache. It’s difficult to juggle the preferences of multiple staff members, as well as your customers’ demands. Restaurant staffing software allows you to streamline the process, saving you time and money while ensuring that your restaurant runs smoothly at all times. 7shifts, one of the most popular restaurant-management solutions on the market, has been around since 2011 and has developed quite a following in that time. But is it right for your business? Read our 2022 7shifts review to find out!

    How Does it Work?

    7shifts is a cloud-based restaurant software that enables restaurants to manage their scheduling, employee time tracking, and inventory management all in one place. It takes just seconds to schedule an event by logging into the dashboard and assigning tasks to the appropriate employees. Then employees can log in at any time during their shifts to clock in or out and update any hours they’ve worked.

    Reviews

    Tired of wasting time manually scheduling your employees for shifts? Check out 2022, the restaurant and cafe software that does all the work for you! With a sleek interface, accessible from any internet-connected device, it takes the guesswork out of managing your business. There’s an in-depth employee database, customizable shift types and pay rates per type, weekly rotating shifts to optimize staff skillsets, and more. The best part is they have live chat support so you can get help with any questions you may have quickly and easily! Check them out today!

    Costs

    In order to use 7shifts, you’ll need to purchase the full-featured version, which costs $119 per user per year. It can be a little pricey depending on your company’s size and needs.

    7shifts is simple and easy to use but doesn’t have as many features as other software competitors like Hubstaff or Smartsheet. If you are looking for more scheduling options like prioritizing shifts by demand or revenue then this is not the right tool for you.

    The basic version of 7shifts comes with some useful reports that track your labor cost and restaurant payroll trends over time in addition to saving receipts on behalf of employees, so it could be worth it if you don’t need all the extras mentioned above.

    Features

    Restaurant software is all about efficiency, and this shift-scheduling software has a lot of features that will help you reduce the time spent in your business. Plus, it’s possible to get it customized to your specific needs. There are features here like check-in reminders and staff rotations, which might come in handy for more complicated operations. And finally, the good thing about 2022 is that there are pricing options to fit any budget – it’s designed to grow with your business.

    Meredith Henning reviewed 2022 on October 13th, 2018 Love 5 Stars on Google Play

    Daria checked into my store at 9 am when she was scheduled at 10 am because she missed her bus!

    Bottom Line

    Here is an honest review of the restaurant management software. If you want to know more before signing up, then keep reading. With the 2020 U.S. population nearing 350 million, it’s no wonder that restaurant owners are scrambling to find a way to manage their workforce while staying afloat financially and growing their customer base! One emerging product in this niche is 2022 7shifts, a management software used by many food establishments nationwide including quick-service restaurants like Panera Bread, Sonic Drive-In, Dunkin’ Donuts, and Wendy’s.

  • 8 Retail Store Design Ideas to Give You an Edge on the Competition

    8 Retail Store Design Ideas to Give You an Edge on the Competition

    Retail store design matters more than you might think, especially as competition increases with the growth of online shopping options like Amazon and eBay. The wrong design can put off your customers, but the right one can be the difference between closing your store down and thriving in your industry. Here are eight retail store design ideas that will give you an edge over the competition.

    1) Redesign Your Shop

    1. Blend in, don’t stand out Business Insider suggests that retailers should set their store up so that it blends in with their surroundings. If you have a shop nearby, leave room for walkers past your storefront and focus on being a part of the community rather than secluding yourself from your surroundings.
    2. Don’t overcrowd the entrance- Creating negative space within the store is important because it will draw attention to the items you are promoting in that area of the store. This is done by limiting what is on the walls and focusing more light and shelves on those products.

    2) Change the Way You Display Things

    One of the best ways to make your store stand out is by changing how you display things. In general, items are displayed in order from least expensive or most popular items at the front of a store, and more expensive or less popular items towards the back. But if you want your customers to see a certain item first, this can be done by grouping them together or putting them in a prominent place. The goal should always be to make your customers feel like they’re getting their money’s worth when they’re in your store.

    3) Use Color Theory To Attract Customers

    Studies have shown that color can affect moods and emotions. When looking at how you want your customers to feel when they enter your store, consider using color theory. Warm colors like yellows, oranges, and reds are energizing while cool colors like blues and purples are calming. Selecting a particular color scheme will help set the tone for customers as they enter.

    4) Improve Lighting in Your Store

    Most stores have a lack of natural light, which can make you feel less energized and more claustrophobic. It also makes it hard to see things clearly when you’re shopping, which can lead to impulse purchases. If your store has windows, invest in floor-to-ceiling curtains that are made from energy-efficient materials such as insulated or blackout fabric.

    5) Rotate Products Often

    Rotating your products frequently is one of the best strategies you can employ in your retail store. If done right, this simple tactic can make all the difference between mediocre and great success. And it doesn’t even require that much work! All you need to do is regularly put new items in front of your customers with some old favorites displayed behind them. This way, customers will see what’s new as well as be reminded of what they really want at that moment.

    6) De-clutter Your Shelves

    The old adage less is more rings true in retail environments. In order to create a feeling of abundance and make items feel less like commodities, make your shelves as sparse as possible. This will increase impulse purchases by making customers want what they can’t find on the shelf. Take this idea one step further and place items in hard-to-reach locations. This will also increase impulse buys because it adds a sense of value to those hard-to-find items.

    7) Get Rid of Outdated Products

    The best way to create space and make room for new, innovative products is by getting rid of outdated items. Get rid of all old inventory and unsold items, it’s time to clear out some clutter. A clean store means a fresh start for your business.

    8) Use Smaller Packages

    Retailers are always looking for new and innovative ways to attract customers. One way you can do this is by offering smaller, more compact packages of your product.

  • How to Train New Employees in 5 Easy Steps

    How to Train New Employees in 5 Easy Steps

    Training new employees might seem like an easy job, but it’s actually quite difficult to maintain the high standards of your company while also making sure that your new hires are doing their jobs as well as they can be. Here are five essential steps you can take to ensure that you’re doing everything possible to train new employees so that they can excel in their roles in the future.

    Step 1. Schedule a First Meeting

    Schedule the first meeting with your new hire at their earliest convenience to go over any paperwork that might be required, and to take care of any necessary HR stuff.

    It’s important for the two of you to have some uninterrupted time together before jumping into training. This is your chance to make a great impression on your new hire and build rapport from the start. A well-thought-out questionnaire beforehand can help things run more smoothly. Questions should include: Why did you apply for this position? and What do you know about our company?

    Step 2. Talk About the Job

    In this section, you should be as detailed as possible about the duties, hours, and expectations of the position. Here is a list of what you can cover:

    *Duties- state the basic tasks this employee will be doing.

    *Hours- Be sure to specify working hours, including times that are not normal for most people.

    *Skills – mention skills necessary for this position. Make sure you provide details on what level of experience is needed for the role and how much experience they should have if they do have any.

    Step 3. Set Goals and Deadlines for Learning

    Set Goals and Deadlines for Learning: Now that you know what skills the new hire should have, determine how long it will take for the person to be ready for duty. We recommend at least one week before expecting a new employee to start working, depending on their background and experience. It’s important that they are trained properly so they can understand how everything works in your company. It’ll also give you time to teach them about specific workplace policies, like what information is shared on social media, when passwords are updated, and whether employees are able to take outside jobs. As far as goals go, set weekly objectives with deadlines that align with their timeline expectations of progress. For example, you’ll need four hours of training today before you leave work.

    Step 4. Create a Game Plan

    1. Set goals for the next evaluation period and provide guidance for what the employee should focus on until the next evaluation.
    2. Discuss how you want to review their performance when they come back, including when and where you plan on meeting with them.

    3. Set a date/time frame for when you’ll do your first follow-up review (within one month).
    4. After this meeting is finished, end with a discussion about whether or not they feel they are improving (to gauge their morale).

    Step 5. Evaluate Performance

    Evaluate their performance. You need to do this at least every quarter, but you should do it as frequently as possible. Let your new hires know when they’re doing a good job, perhaps even recognizing exceptional achievements with glass awards, and let them know when they aren’t meeting expectations, too. Provide constructive criticism on areas that need improvement – don’t wait for the employee to figure out what’s wrong on their own! By providing ongoing feedback, you can help your employee identify how he or she needs more training.