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Everything You Need to Know About E-Commerce

E-commerce is booming during the pandemic, presenting a big opportunity for entrepreneurs to set up shop and start selling bandar poker resmi. Here’s what you need to know about this type of business.E-commerce has surged during the pandemic, enabling businesses to survive and thrive.

You don’t have to spend much money on overhead when you run an e-commerce business compared to a brick-and-mortar store, and it gives you access to a worldwide audience.
There are some inherent challenges to running an online store, such as the increased risk of fraud and high rates of cart abandonment. This article is for people who are interested in launching an e-commerce business and want to learn the basics. Selling products and services over the internet took on new importance during the COVID-19 pandemic, as business owners and consumers had no choice but to embrace e-commerce.

That shift is here to stay, presenting opportunities for small business owners to thrive online. But before you set up your internet shop, you have to understand how it all works. Key takeaway: E-commerce exploded during the COVID-19 pandemic, and the new online shopping habits aren’t going away, which means opportunities abound for small businesses to launch e-commerce websites.

How to Add Value to a Mentor-Mentee Relationship

As a mentee, it can be easy to fall into a pattern of asking a lot of your mentor without giving anything in return Situs Nonton Movie Sub Indo. While your mentor might be happy to provide you with advice regardless, it’s still important to think of some ways to show your appreciation and make yourself available for your mentor.

Salemi said, at the very least, it’s important to prove you appreciate the relationship by valuing your mentor’s advice and time – if only by arriving at meetings early or adjusting your own schedule to make a meeting more convenient for your mentor. Young professionals may not have a lot to offer their mentors, but they can offer them respect and appreciation.

“You can be a great mentee to your mentor by following up when you say you’re going to – staying on their radar – because chances are, if they’re the right fit for you, they’ll appreciate providing information,” Salemi said. “Thank them, acknowledge them, don’t squander their time.”

How to Write Invoice Payment Terms

Sometimes, your invoice is the last situs slot online communication that you have with your client and its very important to leave lasting impression. At ProfitBooks, we’ve seen many businesses suffer from late payments due to improper invoice payment terms. In this post, I’ve explained how to write invoice payment terms that can help you get paid faster.

A payment term indicates the number of days that are available to the client to pay for the goods or services that have been rendered by the supplier. Any business requires a steady working capital to meet its operational expenses like salary, logistics etc. as well as funds for continued expansion. Payment delays can disrupt the cash flow resulting in shortage of cash that is required to purchase raw materials in order to manufacture the end products and / or grow the business through acquisition or merger. This is especially challenging for small businesses or start ups who cannot afford the payment lag. Hence, the need arises for optimal payment terms and clarity in payment term representation on invoices.

Here are 5 tips for writing effective invoice payment terms

1) Invoice Wording
It is important to come across as polite and professional while wording your invoice. Friendly phrases like ‘Please make the payment on time’, ‘Kindly pay your invoice within XX days’ and ‘Thank you for availing our service’ can increase the payment probability by more than 5 per cent. Politeness creates a positive image of the company and increases the likelihood of getting paid on time.

2) Itemised Layout
A detailed description of the invoiced items e.g. Date of goods receipt, description of goods delivered, price per unit, total price, tax amount etc. will ensure that that the vendor is clear about what he or she is paying for and the invoice has a better chance of getting paid on time. Likewise, it is important to ascertain with the customer as to what all details are mandatory and should be mentioned on the invoice to avoid invoice rejection and payment delay. Many vendors have specific requirements like provision of Purchase Order number, invoice to be made attention to a particular person or department, bill to / ship to addresses etc. on the invoice copy. Non-adherence to these specifications can adversely impact timely payments.

3) Days vs. Net
While terms like net 30 or net 45 are common in business parlance, yet they are less popular amongst those who have limited understanding of finance terminologies. Terms like ‘Due on receipt’ are vague and subject to one’s own interpretation. Usage of words like ‘days’ instead of ‘net’ and inclusion of specific payment terms like ‘Due in 60 days’ have a better prospect of getting through to the customer with increased chances of timely payments.

Bondi house collapse under investigation amid concerns more of building could fall away

An investigation is underway into what caused the partial collapse of a house in Sydney’s east, after an exterior wall crumbled while two people were judi online inside.

Bricks and windows from the bungalow on Curlewis Street, Bondi, cascaded into an adjacent construction site about 5:00pm Thursday, in an event neighbours said sounded like an “explosion”.

The 84-year-old owner of the home and her son-in-law were inside the house when it fell apart but were not injured.

On Friday morning, the interior of the property’s bedrooms could be seen from the street, and engineers are visiting the site amid fears more of the house could fall.

Rescue teams say it appeared that the foundations of the house were undermined by construction work at the site next door.

TC Build, the company responsible for the neighbouring building site, removed its signage from the area after Thursday’s incident.

Sophisticated Website Builders for Startups on a Shoestring Budget

A high-quality website can attract agen bola sbobet customers and give them a positive experience with your company. If you don’t have much web design experience, though, you may be concerned about the cost and time it might take for someone else to build the site for you. Fortunately, there are tons of website-building tools that allow you to create your own business website, even if you don’t know how to code.

Many of these platforms offer plenty of sophisticated features without the hefty price tag, while also being user-friendly. To help you explore your options, we asked the members of Young Entrepreneur Council to share their favorite low-cost, high-quality website builders. Check out these DIY tools before you outsource the job.

  1. WordPress
    “Over 450 million websites use WordPress, and for good reason. The platform is inexpensive and easy to use, and when combined with an optimal theme, the SEO is strong out of the box. Many plugins (some free) enhance the website. My agency has migrated many business websites from platforms like Wix over to WordPress, and the results were always excellent – including SEO and client revenue growth.” – Ron Lieback, ContentMender
  2. ClickFunnels
    “You can build almost anything with ClickFunnels. It is great for getting an MVP up of a product and testing something for under a couple hundred dollars. Our funnels sell hundreds of millions of dollars, but we still start them out in ClickFunnels to test ideas and emotional triggers. Do not build a corporate site first. Get an offer and sell it.” – James Guldan, Vision Tech Team
  3. Beaver Builder (WordPress)
    “WordPress is an amazing CMS, but its enormous flexibility can be really overwhelming. That’s why we recommend pairing it with the Beaver Builder theme and page builder plugin, which gives you a WYSIWYG experience creating page designs and stunning layouts, from opt-ins to landing pages and online course layouts.” – Nathalie Lussier, AccessAlly
  4. Google My Business website builder
    “If you are truly on a shoestring budget, try Google’s website builder. It’s a free tool by Google that allows you to create a fully customized single-page website for your small business. You can customize themes, fonts, colors, CTAs, etc. Also, the tool itself is run through Google My Business, so if you haven’t set up your Google My Business account, you can get everything done in one shot.” – Jordan Conrad, Writing Explained

How a Divorce Can Affect Your Business

With 1 in 2 marriages these days ending in divorce, the distribution of Slot online assets becomes a stressful and challenging ordeal. Things get even more complicated if a business is involved.

Whether you’re a majority shareholder, a member of a board or a CEO, there are things you can do in advance to ensure the dissolution of your marriage doesn’t disrupt your earnings or your organization.

What are the impacts?
Financial
Divorces are messy. Aside from the custody of children, the financial implications are the most daunting. Even if the dissolution of the marriage is uncontested, there may still be a claim on everything in your name.

There’s one massive reason for this: marital property. Defined as “all income and assets acquired by either spouse during the marriage,” it includes money in a savings account, stocks and bonds, and other assets.

Community property or equitable distribution
How much is actually at stake with your business? Currently, nine U.S. states are community property ones: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. If you reside in one of these, it’s an even 50/50 split.

The other 41 states are considered equitable distribution areas. In these places, the final determination regarding marital property is determined by a court. Decisions like this could become a lengthy process, mostly if neither party agrees on what is a fair division.

Day-to-day operations
Divorces are a drain on the emotions of everyone involved. If you’re operating a business, your focus could shift during this time, putting your company in jeopardy. You may be distracted by discussions with lawyers, collecting and providing documentation, or the toll that the situation has placed on you.

A considerable challenge arises if you’re a significant stakeholder. If your ex receives a substantial portion of your stock during the settlement, they could become an uninvited partner, throwing the business into chaos. Further to this, your interest has been diluted, possibly causing your status to change.

Suppose your spouse is currently or was ever involved in the business, especially in a senior capacity. In that case, the situation gets even more complicated, as they still have a say on the day-to-day operations. They may have received a portion of your stock, as well, increasing their position.

There are two scenarios here. First, they leave the business, selling their stake, which immediately removes the tension and may affect the stock price. Second, they remain, which could cause office tensions that may never dissipate.

Communicate Important News Internally

An effective internal communications strategy on Agen ceme is essential when trying to encourage a cohesive team to work together toward the same goal. Especially when it comes to announcing important news to your team, using the right internal communications approach is of utmost importance. The right communications strategy ensures the intended message is clear and easily understood, leaving no room for error. That’s why we asked 15 entrepreneurs from Young Entrepreneur Council (YEC) the following:

“What’s your best tip for internally communicating important news (key hires, funding, etc.) to the entire company, and why is this key to ensuring the message is communicated well?”

Here’s what YEC community members had to say:

  1. Be Transparent
    “Be transparent as much as you can and as soon as you can. Nothing is worse for morale than employees thinking they are not in the loop or an equal member of the team. This is especially true if the news will impact that employee financially, organization-wise or responsibility-wise.” ~ Anthony Saladino, Kitchen Cabinet Kings
  2. Communicate in Person
    “Any time a major development happens in a corporate setting, communicating the information personally is a major asset. I have frequently sent emails to discrete groups of individuals and then spent the time to personally meet with each group to deliver the news. This way you have control over your audience but also can deliver a personal feel.” ~ Ryan Bradley, Koester & Bradley, LLP / White River Consulting, LLC
  3. Build a Cadence
    “Build a cadence. We have a 10-minute all-hands meeting every day where we rotate through what different teams are working on and share company news. Especially since we’ve now gone all remote, this is the central “heartbeat” of our company and where everybody comes together. Monthly, we have a more formal all-hands meeting where we dive deeper into things that take more time.” ~ Tony Scherba, Yeti

President Trump Calls for Standalone Relief for Small Businesses

Business groups have long sought to get Congress to pass individual aid packages. Trump just opened the door to the opportunity.

After instructing his staff to shut down stimulus talks until after the election on Twitter, the President later showed enthusiasm for individual bills providing additional assistance for small businesses and airlines. He also tweeted that should Congress pass a standalone bill offering $1,200 stimulus checks for Americans, he’d sign it.

The reaction among business groups to his initial move to shut down stimulus talks had been swift.

“Washington’s failure to enact additional Covid relief will be felt on Main Streets and at kitchen tables across the United States,” Neil Bradley, the U.S. Chamber of Commerce’s chief policy officer, said in a statement. “It is especially disappointing given that less than a month ago a bipartisan group of members of Congress outlined a reasonable compromise that would have provided the economy with the support it needs while helping our nation recover from this pandemic. Republican and Democratic leaders should follow their example.”

While dizzying, the new course may hearten businesses–many of which may now be on the brink of closure after other aid has expired and revenue remains hobbled. In recent weeks, business leaders and advocates had pressed for the passage of smaller bipartisan small-business-relief bills piecemeal, like the Continuing Small Business Recovery and Paycheck Protection Program Act and the Restart Act–which received wide support from the business community.

Business leaders also called for fixing existing programs, including the Main Street Lending Program, operated by the Federal Reserve Bank of Boston, and the Economic Injury Disaster Loan program, a longstanding business aid program from the U.S. Small Business Administration. The former program has so far failed to catch on with businesses for a variety of reasons and the latter has been capped at just $2 million, well under the scope of what many businesses say they need to bridge them through the crisis.

How to Fix the Tech Industry’s Empathy Problem

Tech entrepreneurs often tell Maëlle Gavet that empathy is a weakness in business–that kindness gets in the way of making tough decisions, or that bruised egos and hurt feelings are a necessary cost to changing the world.

Gavet couldn’t disagree more. “If you define corporate empathy as the ability of a company and its leadership to understand what’s happening in the world around them–and how their decisions impact people inside and outside the company–I think you actually have a better company,” said the 42-year-old tech executive, speaker, and author during a roundtable discussion and Q&A at the Fast Company Innovation Festival on Wednesday.

And she should know: A former Priceline executive and CEO of Ozon, Russia’s version of Amazon, Gavet wrote a book on corporate empathy, Trampled by Unicorns: Big Tech’s Empathy Problem and How to Fix It, published last Tuesday. Plenty of tech companies, she said, work hard to take care of their employees–and plenty have empathetic people working for them. None of that is enough, she argued: “It has to include your customers, and it has to include your local community and your community at large.”

Gavet, who most recently served as the chief operating officer at New York City-based real estate startup Compass, pointed to Facebook as the epitome of a unempathetic company, because of its seeming inability to make decisions that benefit anyone other than Facebook itself. An inverse example, she said, is Nike, which used employee feedback to launch a line of athletic maternity clothes last month–and quickly sold out.

“Empathy and being human-centric is actually good for business,” Gavet said. “I’m a capitalist. I’m not telling all these companies to become nonprofits. I’m just saying that if you want to have a company that’s still going to be around 20, 50, 100 years from now, you have to take into account the well-being of the world you rely on.”

Such a transformation probably won’t happen overnight. Still, Gavet recommended three actions for any company–tech or otherwise–looking to improve:

1. Rewrite your job descriptions.

Empathy requires access to a diverse set of life experiences, and standard job descriptions tend to attract the same types of job candidates. Work to attract candidates who can talk to others, understand varying points of view, and translate that into their work–whether they’re designers, engineers, or anything in between.

2. Reward employees for both behavior and results.

Most companies, Gavet said, issue promotions or raises purely on the basis of results–allowing jerks to rise through the ranks. “Your behavior matters,” she noted. “I’m continually shocked by the number of companies that reward employees exclusively on results.”

3. Institute ethical oversight.

At universities, research projects are governed by ethics oversight boards–yet no such requirements exist in the business world. “When an engineer launches a test, that should be discussed with someone who isn’t looking at it from a pure code perspective,” Gavet said. “Is it ethical? Should we actually be testing that?”

For This Haunted House Business, Halloween During Covid Is Extra Scary

The zombies have been practicing at home. They stand before mirrors, screaming and grunting through their masks. “They want to make sure they are loud enough,” says Jennifer Condron. “That people can hear their snarls.”

Condron is the founder of New York City-based BulletProof Productions, whose centerpiece is Bane Haunted House, transplanted last year to Manhattan’s Hell’s Kitchen neighborhood from New Jersey. Most Halloween attractions aren’t much creepier than Disney’s Haunted Mansion. Bane, rated by BuzzFeed as one of the nation’s scariest, is more like the Overlook Hotel in The Shining. The gore is cinematic, the spaces tight and disorienting. Visitors are separated from their parties and forced to undergo the terror–which includes crawling, sliding, and spinning in the dark–alone.

In this uncertain season, Halloween business owners like Condron are enduring their own kind of terror. Just 25 percent of small-size haunts are opening this year, according to the Haunted Attraction Association. To diversify her revenue stream beyond the crucial weeks of September and October, Condron in the spring built a new suite of escape rooms, into which she sunk around $275,000. But those rooms are mothballed until next year because of coronavirus. 

Condron has spent another $100,000 preparing Bane for Halloween 2020. That investment includes normal expenditures–refreshing the space with new scares, hiring actors, marketing–and Covid-related ones, like equipping the zombie hordes with PPE and installing MERV 13 air filters on all five floors.

Normally Bane would have begun welcoming fear fans by the end of September. Now Condron is hoping for October 16. She says she has been cleared to open by the state but can’t get a straight answer from the city. “Over the past two months, we have been hearing rumblings that we can’t because we are indoor family entertainment, and the city is not allowing those attractions to open in phase four,” says Condron, referring to the current stage of New York’s reopening plan. She has put in multiple calls to the NYC Department of Small Business Services. “It is always, ‘We don’t know,'” Condron says. “‘We will get back to you.’ This has been going on for weeks.”

So Condron is proceeding with fingers crossed. That means reimagining Bane–whose rules include “Don’t touch us! We may touch you!”–for current conditions. In the back of her mind lurks the fear that for her business, Halloween may be dead. “Anything could happen,” she says. “It is scary.”OCT 8, 2020