Author Archives: Leah Singer

About Leah Singer

Leah Singer is a writer who helps small businesses and retail stores enhance their marketing and creative endeavors.

Start Thinking About Taxes

Sure, it’s only January. But April 15 will be here before you know it! And with plenty of time before filing day, now is the perfect time to start looking for those deductions and credits. Nolo.com provides great tips and often overlooked expenses that you can use to ease the pain of filing business taxes.

1. Business Start-up Costs – Before your doors even open, you incur several costs just getting your business off the ground. You can deduct $5,000 of these capital expenses the first year of your business. Remember that all the daily expenses of advertising, utilities and supplies can also be deducted – but only AFTER your business doors are open.

2. Auto Expenses – We probably all use our vehicle for work. So always keep track of your car expenses! There are two ways to deduct auto costs. The actual expense method requires you to track and deduct all your business expenses. The standard mileage rate method means you add up all your work-related miles travelled and multiply it by the IRS’ standard mileage rate.

Not sure which options is best for you? If your car is used for both business and personal, you can only deduct the business portion. In this case, tracking the mileage may be your best bet. However if you have a newer car, the actual expenses method may provide an overall larger deduction. Plus with this method, you can deduct the vehicle depreciation amount.

3. Books and Professional Fees – Do you subscribe to industry magazines for your business? What about business books you’ve purchased? These are both fully deductible as a cost of doing business. And all those fees you paid your lawyer, CPA or consultant? Yep, those are tax deductible as well.

4. Bad Debts – This one may not apply to everyone. But it’s worth considering, especially if you’ve had a client or customer who skipped out on paying you. If your business sells actual goods, and a customer took your products and stiffed you the payment, then you can tax deduct the cost of those goods. Unfortunately the same cannot be said for services that were not paid.

5. Interest – Did you know you can deduct interest on business purchases? If you use credit or a personal loan to pay for business expenses, the interest incurred is fully tax deductible.

Being a business owner or entrepreneur can be tough at tax time. But if you keep track of your expenses and deduct the items you are entitled to, you are likely in much better shape than you expect. Don’t let April 15 come without being prepared!

5 Tips to Make Your Business a Success

In today’s economy, it’s crucial for your business to stand out among the competition. Here are five tips that will bring success to your retail shop. 

1. Customer Service is Key! One of the main reasons consumers are shopping in stores as opposed to online is for the extra level of in-person service not available on the web. And with online rating websites like Yelp, a little bit of good (or bad) customer service goes a long away in people’s minds. Treat customers like a pro and remind them that the level of service they receive in your store is their reason to keep coming back.

2. Use the Best Signs and Displays to bring in the customers. According to Entrepreneurstorefront signs and displays are the best way to grab customers as they walk by your store and tell them there’s a reason they must go inside your store. Key words like sale, discount and last-chance are motivation and action words that draw crowds not wanting to miss a bargain.

3. Stay current on trends. It’s important to know the latest fads and what people are buying. But on the flip side, it’s also important to know your customer and not try to entice them with a trend that they clearly won’t  benefit from. Entrepreneur encourages business owners to ask the key questions: Will it sell in your store? Does it fit your theme? If the answer is “no,” then it’s best to leave that trend by the wayside.

4. Draw Them In (and Keep Them Coming). Once your display signs and banners bring the shoppers in, what’s next once they’re inside? Place the deep discount items at the back of the store so the customers have to walk by all the regularly-priced items first. Keep a theme in mind when stocking your shelves. Having dozens of options and items may be very cool, but it can also be overwhelming to the buyer.

5. Location, Location, Location. If you already have a shop, you’re probably not looking to move right away. But for those of you just getting started, be sure to put research and thought into the location you select to start up a retail shop. Go to where your customers are. If you’re selling to teenagers, a mall may be a better bet than a small shopping center in a suburban community. And if you opt for the mall route, pay attention to the stores around you. You don’t want to sell beauty products at the end of the shopping center that contains mostly men’s interests.

Today’s economy and the age of the internet are tough. But retailers are thriving because they are following the right steps to be successful. Knowing how to market to customers, provide quality service, and knowing your audience are three of the best lessons you can learn as you run your business.

Why Your Business Needs to be on YouTube

Online video has become one of the fastest growing content areas on the Internet. YouTube sees 800 million unique visits each month and 72 hours of video are uploaded to the site every minute. With impressive statistics such as these, you may want to think twice if you don’t have a presence on YouTube. Let’s look at four reasons you want to host your company videos on this popular video sharing platforms. youtube

The Cost – If budget is a concern, there is no better place to host than YouTube because the service is free. Videos take up a lot of storage space. So if you opted to self host, your company would be spending significant cash on large servers.

The Audience — There’s no question that YouTube has the audience with more than 3 billion videos viewed every day. People are on YouTube and looking for content. With the right keywords and descriptions, your video can be found easily and by many people.

No Techie Skills Required – With YouTube, you click a few buttons and your video is uploaded to the website in an instant. Any non-technical user can accomplish this, and HTML coding is not required.

The Search Capability – Every video that is uploaded to YouTube is mined by the Google search bots since the video sharing site is owned by Google. In addition, Google often fails to recognize iframes and embeds that are not from YouTube, thus making it tougher to find your company’s videos by search if they are not on YouTube.

There is no question that YouTube is a powerhouse in video sharing and search. The hosting site offers several advantages for hosting.

Yelp, Foursquare and Google+; Why Your Store Needs to be on These Sites

If you’re a retailer or small business owner, having a presence on online review websites is a must. Social sites like Yelp, Foursquare and Google+ make it easy for potential customers to find the businesses they seek, as well as leave written praise (or criticism) about their customer experience. You could be missing out on potential customers and revenue if you’re not on these social platforms. Let’s look at the three social review sites and see how they can make the difference between profit and loss to your business. check-mark

Yelp — The largest social online review site, Yelp sees 78 million unique visitors every month. Every business owner and manager can set up a free Yelp account to post photos and message customers. The site has become a trusted destination for customers to use when looking for a restaurant to dine at, places to shop, or businesses to frequent.

Yelp is especially useful when people are in unfamiliar cities or neighborhoods because of its emphasis on local business targeting. And while it is possible to receive negative reviews from some customers, Yelp is a great tool for business owners to reference when looking to gauge customer service.

Foursquare — This service was designed as a free app for smartphones that helps people find businesses, friends and make the most of where an individual is located. Foursquare uses a person’s location to give personalized recommendations and deals. It also allows people to leave reviews of the locations they visited. Since its inception, 25 million people have used Foursquare.

In addition to the strong customer user base, 1 million businesses use Foursquare’s free tools to help businesses grow and connect with customers. The app enables retailers and businesses list events, post updates, and customer loyalty programs. It also offers analytics to help monitor online engagements.

Google+ — This site is one of the most critical sites to have a presence on, especially if you’re a small business owner or retailer. As of December 2012, 235 million people are actively engaged on Google+. What many people do not realize is that Google+ is mined by the search engines. Anything your business promotes on Google+ will appear in search results. For business, Google+ is a great place for customers to post reviews, which also show up in search results.

In the coming weeks, spend some time making sure your business profile is up-to-date on Yelp, Foursquare and Google+. And once you’re online, be sure to check your reviews and ratings on a regular basis to monitor customer comments and feedback.

Tips for Managing Work Outside the Office

Small business owners are often seen as never slowing down or stopping work, spending quite a bit of time in the office and at work-related events. With the growing popularity of smartphones, busy executives now have an easier time keeping up with business while physically outside the office. And with the emergence of more technology and applications designed specifically for business owners and managers, it is easier than ever to telecommute or work outside the office. Lets take a look at the best ways to evaluate which of your business tasks can be completed outside the officeoffice

Make a list of all the tasks you do in a given month and the programs you use to complete the work. Anything that takes time should go on the list, including sales meetings, industry research, and social media activities. Regardless of whether it is a 2-minute task or a 2-hour meeting, knowing where your time goes and in what increments will help you develop a strong mobile strategy.

Begin by finding applications that you already use in your office and research mobile and cloud programs that will allow you to work from anywhere. Pay close attention to applications that serve multiple purposes, such as accounting services that connect to files with email, or content aggregation sites you can organize by subject and then link to social media sites with scheduled releases.

If your job is to consistently share information via social media, there are dozens of applications that allow you to share posts to a variety of social platforms, all with the click of a button on your smartphone or tablet.

If you find yourself staying in the office to read industry blog posts or publications, consider downloading applications and e-readers that stream your blog feed to your mobile phone. This strategy assures you catch up on business reading, but you don’t necessarily have to sit at your office desk to do it. You may find yourself taking two minutes to read a blog post while waiting in line to pay for groceries.

The ability to work outside the office has never been easier. Once you know what mobile applications to use, start using them both in and out of the office. Take the time to learn all the capabilities of the product and test all features. You will quickly learn which applications work best for your business, and you can focus your attention on getting them set up to really work for you.

5 Key Sections for Your Employee Handbook

Does your business have an employe handbook? Whether you have an existing handbook that needs updating – or need to write an entire draft – why not make 2013 the year you will distribute the official employee handbook? handbook

An employee handbook is an important communication tool between you and your employees. Not to mention the fact that a well-written handbook clearly illustrates your expectations for your employees, and describes what they can expect from your company. While your employee handbook should certainly encompass all of your company’s policies and procedures, there are other things to include that make it more than just a book of rules. Below are five things to consider adding to your handbook.

1.  Your company’s mission statement is your very reason for being in business and all of your employees should know it by heart.  If you do not yet have a mission statement, there is no time like the present to craft one. Get your management team together and brainstorm as to what the company’s true undertaking is, where you see the brand in ten years, and what steps you need to take to get there.

2. Include your core values in the handbook is critical as they are the pillars by which everyday business is conducted. As such, by putting them in with your policies and procedures reinforces your commitment to them. It also makes employees more aware of what those values are and how they should be using them in their day to day work.

3. A brief history of the business is a creative and thoughtful inclusion. If you are just starting out, give a description of the germination of the business. Letting employees in on the roots of the company will help them feel connected to and invested in their jobs. And a connected and happy staff is a productive staff.

4.  Does your business offer continuing education resources? If so, include this information in the employee handbook. If you do not currently have any resources, perhaps adding a professional development library to your business in 2013 should be a goal. It can start small, with the addition of only a few books but making them available to all employees again shows you are invested in their success.

5. In addition to making the topics interesting, switch it up by including illustrations along with the standard language.  Any visual stimulation is guaranteed to liven up your handbook. This will keep the mind from wandering and keep attention focused on content. It can be as simple as a few charts or standard clip art graphics from your word processing program.

Why Your Company Needs an Intranet

What is an intranet and why does your company need one? An intranet is similar to a website but is completely internal. It can be designed countless ways but frequently companies mirror them to their external websites, creating a sense of connection within the company. inranet

While there are perceived downsides such as the initial investment of time and resources to build out an intranet, they are far outweighed by the benefits. Here are four reasons you should create an intranet for your small business.

1.  Get the (same) word out quickly.
No more water cooler gossip. Posting to the intranet allows you to get one uniform message out to all of your employees at the same time. Everyone gets the same information, avoiding miscommunications and misunderstandings. There is also no risk of the dangerous “reply-all” with intranet posts.

2.  Save time and save space in your inbox and on your server.
With an intranet, you can keep your email reserved for truly business-related matters. It will cut down on the number of emails people receive and save time they spend sifting through their inboxes. Plus it provides a common place to link to shared documents, saving space on your server. This also saves time by making those documents easily available to everyone, meaning you no longer have to hunt through a dozen folders looking for a specific HR form. It is right there on the HR section on the intranet.

3.  Enjoy an increased sense of community and boosted morale.
Having an internal site where employees can go to get company information increases the sense of community within the workplace. Knowing that everyone has the same information generates a sense of unity. The opportunity to post “comments” or collaborate on an employee message board is also an option with an intranet, creating a safe form of social networking you can easily control and monitor. This appeals to the younger generation, keeping them engaged with the company and their work, while also bringing the older generation into the fold through an easy to understand format.

4.  Cut costs.
By putting items like company-wide forms and benefit information on the intranet, you not only make it easily accessible, you save money by not having to constantly print out fresh copies for new hires. Plus, once it is built out, an intranet is easy to maintain and update, making it a low-cost, high-payoff investment.

5 New Year’s Money Management Resolutions for Small Business Owners

Still feeling a pinch from the Great Recession, but want to make changes in 2013 to better your financial position? Start by taking a look at your business’ finances and make a plan for the next year. Here are five money management resolutions that will ensure a better financial new year. 

1.  Learn Basic Accounting
Small businesses often start with a passion and an accountant to keep the finances in order. The only way you can truly run your business successfully, however, is by analyzing your financial picture. Taking a course in basic accounting can keep you from falling into one of the many financials traps that can wipe you out of business. Even if you have an accountant, learning more about this area will change the way you view your financial picture and make the time with your accountant more valuable.

2.  Understand Your Business Finances
Whether or not you take an accounting class, you need to know exactly where and how your money is flowing. It is critical to identify trends in order to make good business decisions and move your business forward without big surprises. Make sure you understand not just the results of your money, but what each number on your financial statements mean.

3.  Protect Yourself By Incorporating
You put a lot into your small business, including risk, but you can limit your personal liability and protect your personal assets by incorporating.  A corporation is, in simple terms, a legal entity that is controlled by you. A corporation provides a legal way to protect your personal assets and identity, and has the added benefit of potentially lowering your taxes.

4.  Organize Your Taxes Early
Taxes are one of the biggest headaches faced by small business owners.  At the same time you are gathering your 2012 tax documents, set up a system to keep track of your tax information for the following year. When you start a new year freshly organized for taxes, you alleviate the end of the year stress of finding paperwork all over the office.  Another bonus: many accountants give discounts for getting your tax paperwork in early.

5.  Plan for Retirement
More often than not, small business owners do not plan to retire. But the reality is you may retire much sooner than you think. If planning for retirement has been on the back burner, move it to the front in 2013. The sooner you develop a retirement plan, the less painful it is to execute. Don’t simply count on your personal health or the future health of your business to continue to stay strong. You need to have a good plan in place.

Make money management a priority in 2013 by investing your financial education, protecting your personal assets, and planning for your future.

5 Ways to Create a Compelling Website

No matter how much we now rely on social media and viral marketing, a company website is still one of the most critical components for a business. Perhaps you are starting a new business venture and you need to build a site from scratch. Or maybe 2013 is your year to revamp your current website. Whatever stage you’re in as a business owner, it is important to think through an entire website plan before going into building mode in order to create the best website you can. Here are five ways to build a compelling website for your business. 

1. Plan and strategize before designing
There’s no question that the design aspect of creating a website is usually the fun part of the process. That being said, many people skip the crucial planning process and go straight for the design work. Ask yourself the following questions before you start working:

  • Who is my audience? (Don’t be everything to everyone!)
  • What is the goal of my website: information source, gathering leads, providing content?
  • How will I capture leads?
  • Will I be a profitable ecommerce site?

2. Put first things first
Once you’ve decided to start your website and understand your goals, the next step is to determine your budget and decide where you want to invest your development funds. If you do heavy selling online, you may opt to spend the majority of your budget on the e-commerce side of the site. If your goal is to be found online and generate leads, then investing in Search Engine Optimization (SEO) services may be your best bet. Knowing from the beginning what your budget is and where you need to spend the funds will help tremendously in the long run.

3. Determine a plan for content
Whether you decide to invest time and resources in a content marketing strategy (also known as blogging), have a plan for what type of content you will provide and how often it will be delivered. Create an editorial calendar and be sure you use in your posts keywords that describe your business. It’s okay to only provide content on a weekly basis. Just select what you want, be consistent in the delivery, and maintain quality.

4. Keep resources easy to find and navigation simple
It’s easy to get lost in fancy designs and exciting navigation. But in reality, you want your website to be user-friendly for the audience. Keep navigation simple and do not make it so your customer has to click through several links and pages to find what he needs. Have contact information readily available (even if it’s a form to submit questions).

5. Use visuals and creative content
In order to keep visitors on your website, make sure the site is interesting and has great visual imagery. Use photos and break up long sections of text. Bulleted lists are also great for conveying a lot of information. The days of static websites are long gone. Make sure your site combines helpful copy with a stellar look and feel.

6. Have a launch plan
Just as you had a plan for conceptualizing and building your website, make the time to plan for a launch of the website itself. This can include items such as when you will debut the new site to internal staff and stakeholders (and how you will ask for feedback). You may also want to build in a period of testing before announcing your new website to the world. Also include if you will promote the new site via your social media channels and if you plan to ask the public for feedback. Just remember that when you ask for feedback, the worst thing you can do is ignore it. So build in a strategy to deal with website feedback too.

Congratulations, you just took the necessary steps to create a compelling website!

5 Small Business Marketing Trends for 2013

Every year brings new trends in business, marketing and finances. As a small business owner, it’s important you keep apprised of what consumers want from you with respect to marketing.  Here are five marketing trends small business should pay attention to in 2013.  

1.  Mobile Devices Rule
In today’s mobile-popular world, having a mobile-friendly website is a must. Consumers are expecting more from their mobile experience, such as one click ordering and easy web access via an application. Consider investing in app development as part of your marketing and budget plan for 2013.

2.   Visual Simplicity
People have more content to digest and less time to spend reading websites. Make your website easy to visually scan by using less text and more images and infographics. Infographics are a quick way to communicate your message through visual storytelling. They are quick to view, understand, and share; all good for business. One look at Pinterest will prove to you that consumers want images.

3.  The Consumer as Salesperson
Connection to your customer has never been more important. Consumers are furiously writing reviews, commenting on content, and airing their grievances (and delights!) all over the Internet. A happy customer can sell your product almost better than you can. As such, make online reputation monitoring a priority in 2013. Use social media to communicate with and educate your customers rather than simply selling to them.

4.  Content for Education and SEO
Content marketing is now essential to having a web presence. Having fresh content, often in the form of a blog, is essential to getting search engines to notice you. Think of it as a way to educate your consumers on your industry, your type of products and services, and your company. Most importantly, post great content that is relevant to your business. Poor content does nothing for your image even if you are moving up the search engines scale.

5.  Promote Your Content
Once you create great content, you want it to be seen. Content promotion is a big trend in 2013 and there are a variety of ways you can distribute your work. Start with you standard social networking avenues (Facebook, Twitter, LinkedIn) and add content syndication sites like B2B Marketing Zone, Social Media Informer and Social Media Today. Research other syndication sites specific to your industry, as they will have the best audience for your work.

Get on track with these trends and you will be poised to have your best year yet!