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FINANCIAL ADVICE, MARKETING

What Small Businesses Need To Do Before Partnering With A Goliath

By The BIDaWIZ Team on May 4th, 2012 at 2:30 pm

Many entrepreneurs try to partner with a large company to distribute their product or service to the masses. But, this can often lead to two very different outcomes. Learn how to find the right partner for your business. .
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BANKRUPTCY QUESTIONS, FINANCIAL ADVICE

Will My Credit Be Impacted If My Business Files For Bankruptcy?

By The BIDaWIZ Team on April 6th, 2012 at 1:00 pm

While bankruptcy rates are on the decline from a high of almost 61,000 fillings in 2009, there were still nearly 50,000 businesses that failed in 2011. If your business is on the brink of collapse, it is important to identify if your personal credit will be impacted by a bankruptcy filing. .
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FINANCIAL ADVICE

Have You Thought About A Subscription Model For Your Business?

By The BIDaWIZ Team on March 9th, 2012 at 1:00 pm

When the word subscription comes up, we often think about magazines, gym memberships, or software-as-a-service (SAS) offerings. That's changing now as many different types of retailers are offering subscription plans. .
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FINANCIAL ADVICE

Which Point of Sale System Should I Use For My Retail Shop?

By Susan Ladika on February 29th, 2012 at 4:30 pm

The choice in point of sale systems (POS) can seem nearly as varied as the choice in retail shops. Like any other aspect of starting a business, you'll need to do some basic research to determine which system best suits your needs. .
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FINANCIAL ADVICE, HIRING

What Can Businesses Learn From J.C. Penney’s New Pricing Strategy?

By The BIDaWIZ Team on January 26th, 2012 at 12:00 pm

Deep discounting appears to be losing favor, at least for one major retailer. J.C. Penney announced a major shift in their pricing strategy as they look to streamline promotions by consolidating offers & creating more predictable pricing for the consumer. Should others follow this trend? .
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FINANCIAL ADVICE

How Obama’s Health Care Reform Will Impact Businesses

By The BIDaWIZ Team on January 13th, 2012 at 1:00 pm

The Affordable Care Act will begin to impact many businesses this year and is set to be in full effect come 2014. Learn how your business may be impacted. .
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FINANCIAL ADVICE

How Much Should I Charge for Shipping?

By Susan Ladika on January 12th, 2012 at 11:45 am

The best place to start to determine how much to charge for shipping your merchandise is to do some comparison shopping of your own. Just like so many other things that have moved online, you can get a good idea of what it would cost you to use various shipping companies just by spending some time at your computer. .
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FINANCIAL ADVICE

The Most Effective Ways for Small Businesses to Raise Prices

By The BIDaWIZ Team on January 4th, 2012 at 10:30 am

Many small businesses are hitting roadblocks when trying to expand their business through working capital and/or outside financing. Their current margin structure won't cut it and as much as we hear that banks are increasing their lending, it is still tough to land a loan with favorable terms. What else can small businesses do to fund their expansion? They may want to explore raising prices. .
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FINANCIAL ADVICE

Is Your Business Prepared for the Increase in Minimum Wages?

By The BIDaWIZ Team on December 5th, 2011 at 5:45 pm

Small businesses in eight states may want to start thinking about a strategy to offset the wage increases they may have to shell out to non-salaried minimum wage workers. Beginning on January 1, 2012, small businesses across eight states or 17% of the country will owe an additional $0.32 on average per hour or $665 per year for each minimum wage worker. This means that those with several employees in this category will owe several thousand dollars a year in additional wages. Is your business prepared for this wage increase? Read More.

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FINANCIAL ADVICE

What’s The Best Way To Determine E-Commerce Shipping Costs?

By Susan Ladika on October 28th, 2011 at 11:30 am

As anyone who runs an eCommerce site can tell you, calculating shipping costs can be one of the most complicated aspects of the entire transaction. Charge too little, and you won't be able to cover your costs. Charge too much, and you can drive shoppers away. In fact, a survey done for PayPal earlier this year found that more than 40 percent of online shoppers had abandoned their carts in midstream, most frequently due to high shipping costs. The average price of the goods that were abandoned exceeded $100. .
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