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Things to Prepare When You are Moving Your Business

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Moving a business to a much bigger physical space may be a sign of a progressive business. But the idea isn’t easy. You should have the stomach to finish the back-wrecking chore of picking up and setting things on its places. The fact that you should ensure seamless business-as-usual transactions in the middle of relocation makes it more exciting. 

Seeking help from professional movers is nothing less of a brilliant idea. Before finalizing a relocation date, there are some important things that business owners must do. I have enumerated some of them below. 

Tips to Remember in Moving Your Business

Set a timeline.

Check your business calendar and list down the important dates and events in your relocation timeline. As much as possible, choose a relocation date that does not fall on those significant business dates. Once you have decided on the date of moving, keep everybody in the loop about it including your customers and suppliers. Your employees should be informed of their responsibilities during the move. Keep them posted of what you expect from them especially on the move date. 

Give the new space a visit.

You still don’t have any idea what the new space looks like after your last transaction with its owner. Freshen up the muddy walls. Let a trusted painting contractor turn messy-looking walls into beautifully painted ones. Check the flooring and the ceiling. Hire a carpenter a few weeks before the move date whenever some floors and walls need refinishing and repair. 

Have a pen and paper ready. You will need them in designing your office layout. As early as possible, you should have determined where cubicles and office desks are to be placed. Decide on where electrical outlets are to be put. Scrutinizing your office layout should be well-thought-out. Make sure that your new space can accommodate all the important things you have in your previous office without compromising comfort and pleasantness. 

Get rid of unnecessary things. 

Your new space should be clutter-free. Dispose things that are of no use in the new office. Give out all those old desks, broken shelves, décor, and all unusable furniture. You will certainly find a lot of tax-deductible charities on the internet to which you can donate these surplus office fixtures and equipment. Spend time sorting documents. Keep those important ones and shred those that are no longer needed. Save yourself from the headache of chaotic space. 

Get the new space ready. 

Your new space should be ready the moment your employees walk in. Figuring out some problems on electricity and other utilities on the date of relocation is a total mess. So, make sure that water, electricity, phone, and other utilities are properly set up before the move date. Your service and utility providers must know your new address and let them handle the matters with your supervision.

It is also important to give your professional movers a call the day before the relocation date. Inform them of the loading zones in the old office and unloading zones in the current space. It would make moving more efficient if you have made previous arrangements with your new space’s building owner. Negotiate for exclusive access to service elevators, emergency doors, and loading docks on the day of the relocation. 

Simplify moving. 

Place enlarged copies of the new office layout in every room to ensure that all furniture is placed in its designated places. Color-coded labels on office equipment help to stay systematized. 

Employ a security guard. 

During the transition, the doors are propped open. Computers and other classified documents might be left unattended for some time. A security guard ensures that sensitive items are monitored so as the coming in and out of personnel. Thus, any suspicious activity during relocation is properly monitored. 

Keep the customers updated. 

Notify the customers of possible service interruptions during the move. Seeing movers around can make them feel uncomfortable. But then, it is important to keep the business operations run smoothly. A sincere apology for the inconvenience is more than enough for a loyal customer. 

Moving your business is not easy. It demands time, money, effort, and exceptional preparation. 

Whether you are relocating your business locally or long distance, you should be willing to face the challenges of doing all the necessary transition preliminaries. Fortunately, you can take all the relocation hassles out by hiring professionals who can help you with your relocation needs. Choose the ones who perfectly know what they do. 

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Business

3 Things to Know About Credit Card Processing

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For most people, credit card processing can be overwhelming. Aside from being expensive, it is confusing too. But then, this has been a necessary evil among business owners. Without it, they will be left behind.

Getting a credit card does not have to be a bad experience at all. Knowing what is going on and what you are supposed to pay to make it less taxing than what others thought it was. Knowing the options available and the processes you are going to go through make the entire credit card processing experience more pleasing.

Get to know the three facts about credit card processing as well as every detail in between. Kindly read on.

3 Should-Know Facts about Your Credit Card Processing

Parties Involved

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The moment that your customer uses his credit card, several parties take into action namely the cardholder, the merchant, the card association, the acquiring bank, the issuing bank, and the payment processor. When the cardholder is ready to settle his purchases through a credit card, the payment processor lets him swipe the card to a point-of-sale terminal and requests him to key in the PIN. The payment processing and batching take over in an instant.

Once the credit card payment was processed, the issuing bank pays the acquiring bank (seller’s bank) for the purchases that the cardholder makes. Of course, the cardholder perfectly knows his responsibility in paying back the amount to his issuing bank along with the accruing interest. Then, the acquiring bank accepts the funds and deposits it in the seller’s account. The card association arbitrates and maintains a good network between the acquiring bank and the issuing bank.  

Card Processing Service Fee

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To avoid overpayment for your credit card transactions, it is important to check your monthly bill. The types of fees that come along with your credit card processing depend on your credit card provider. Are familiar with transactional fees, recurring fees, and one-off fees? If any of these fees does not sound familiar to you, let me go into detail.

Transactional Fees

These are mandatory fees that are linked to every transaction you do with your credit card. This varies depending on the type of card that you are using. The transactional fee is higher with business credit cards but lower with debit cards.

Recurring Fees

On the other hand, recurring fees are charges that the banks put over your account. These fees are not necessary to accept credit card payments if you are a seller. So keep close attention to fees like this. Lastly, one-off fees are those that are triggered by your actions on early termination, terminal, reprogramming, setup, address verification, payment gateway, charge back, and retrieval.

Needless to say, acquiring banks earn good profit from all these charges. As a merchant, it is a necessity to get to know these charges better and be meticulous about it.

 Security and Compliance

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Sellers have the responsibility to handle the clients’ sensitive information properly. To ensure that you are doing it the right way, PCI and EMV compliance does the trick.

PCI Compliance

When we speak of Payment Card Industry compliance, it is a set of standards that ensures appropriate data handling when accepting credit card payments. A short questionnaire must be completed by a merchant each year to stay PCI compliant. A PCI non-compliance fee is charged to those who fail to adhere to the governing laws on information confidentiality.

EMV Compliance

It makes use of a chip card technology that provides strong encryption to the cardholders’ card information every time it is used. With this kind of security, there is no way that sensitive information is pulled out for unauthorized credit card purchases.

At this point, you might have understood credit card processing better. To tell you, there are a few more things that you should know about it. You’ll learn them in the next days. Just be mindful of your credit card monthly bill from this day forward.

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Starting a Food Truck Business? Here’s What You Need To Know

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At this point, you might be thinking about starting a food truck business. It has a handful of advantages as compared to conventional dine-in restaurants. It needs lesser staff. It can also reach out to many customers because it goes where these people are. 

But parallel to other businesses, running a food truck business demands a lot of interest and hard work. In the first few years of operation, a restaurant on wheels owner faces various challenges like bad weather and a slow-moving economy. But then, if these challenges are not enough to dishearten you, here are the things that you should know when starting a food truck business.

How to Start a Restaurant on Wheels?

Check places that allow food truck businesses.

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You will be astonished by the number of places that do not issue permits to food truck businesses. First thing first. Check whether or not your town or city supports this kind of business like New York City and Los Angeles. When it comes to the food truck business, these areas are the most popular. Get acquainted with the local ordinances on parking in some busy areas of the city. Focus more on areas where your food truck plans to operate. Be watchful of other food truck businesses nearby. It is a bad idea to set up your food truck next to a competitor’s food truck.   

Decide on a business name and a menu. 

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Since you have already decided on the location for your food truck business, you are up for the next challenge of choosing a food truck name. It should be unique and easy to recall. It should mirror your business theme and food. 

Next, decide on the list of foods that your business looks forward to serving your customers. Since you are just starting up, a menu board can take the place of costly standard plastic sleeve menus. If you feel like having a to-go menu, go ahead. You may opt to change the daily specials too. A little marketing creativity does the trick. 

Secure a setup capital. 

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Although a food truck business requires lesser capital, you still need roughly around a hundred thousand dollars for the truck alone. If you cannot afford a new food truck, consider getting a used one at $20,000 to $40,000. A good credit record can help you secure a financing option for your chosen venture. 

Design your food truck.

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It is vital to dress up your food truck with the things you need to do business. It is like designing a restaurant kitchen. Peep through your menu one more time. If you plan to sell pre-made sandwiches, and ample space is required to set up a cooler. But, if you are into selling French fries, pizza, or other hot foods, you need to have an oven or a fryolator. Be resourceful in outfitting your food truck.    

Fire up your marketing and advertising strategy.

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Make use of the popularity of social media sites this time. Twitter, Facebook, and Instagram are perfect venues to let people know that your food truck business exists. Gain followers and inform them where your truck is heading. Posting photos of daily specials helps a lot. 

Set a long-term goal. 

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A food truck business is a stepping stone to a full- service catering business or a restaurant. You do not see yourself in the same food truck business in the next five to ten years, do you? Set a long-term goal to keep you focused. 

A food truck business is one of the trendiest ventures right now. Since everybody loves to eat, it is a fail-safe business in the face of economic regression. If you plan to own a restaurant in the future, start your journey with a food truck business. 

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Business

Job Perks to Consider for Your Employees

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Employees are every company’s most precious asset.

Employee satisfaction and motivation have been a top priority of most successful companies. It is important to keep the employees in high spirits. Fortunately, the richness of company perks these days has gone out of control.  

A recent study revealed that employee retention is influenced by the company’s perks and benefits to a great extent. Almost half of the employees’ population considers perks over salary in deciding whether or not to jump off from their current employment.

So, if a salary can’t move a needle yet perks can, there is no time to waste. Knowing what these perks are is the best thing to do this instant. Why? Simple! Failure to recognize them can blow your company apart.

Top 5 Job Perks for Your Employees 

1. Healthcare Insurance

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Most employees value health insurance more than a salary increase. For average earners, the simplest way to secure insurance is through their employer. Since there is no affordable public healthcare insurance option in place, having one is expensive.

The best gift that an employer can give its talents is the peace of mind. No one throws out the idea of getting oneself and his family perfectly-covered in the event of illness and other untoward circumstances. Security is priceless, indeed.

2. Paid Time Off

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You can make money, but you can’t make more time. Your time is your life.

Rick Warren

An open vacation policy allows employees to take an off from work for a couple of days yet still receive a paycheck for those days. It is a gesture that a company trusts its employees in meeting deadlines and creating outputs as they take all the time off they need. They become more motivated, creative, and productive as they return to work with a better perspective. More than other material things, employees’ wonderful experience builds long-term happiness.

3. Performance Bonus

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Monetary incentives like that of a salary have their limits when it comes to increasing employees’ motivation at work. However, when monetary rewards are linked to performance outcomes, it becomes more rewarding. A performance bonus gives employees a deeper sense of control and ownership. Being able to receive a reward for their hard work makes an employee feel worthy as both a person and an asset to the company.

4. Flexible Work Schedule

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This is a perfect job perk for modern employees who seek to create a balance between professional responsibilities and personal tasks. A flexible work schedule (like that of work from home) makes an employee think that they need not forgo their career to look after family or obtain an education. Compared to salary, it gives them more long term value that an employee could ever desire.

5. Employee Discounts

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Dogfooding is such an exciting perk for employees. Who could say no to a discounted access to the company’s services or products? When a company allows its employees to utilize its products and services at a way lower price, they feel valued. Companies like Apple and Samsung provide its employees with its much-hyped products before its market release. It does not only allow the product managers to get helpful feedback from its employees but also allows the latter to take an active involvement in the company’s operation.

In general, there are so many job perks for employees that I haven’t pointed out. These include reduced prescription, employee recognition programs, wellness program, paid sick leave, retirement plan, employee development plan, tuition reimbursement, gym membership, paid parental leave, childcare assistance, and many more.

It is a challenge for a company to get to know these job perks up close and maybe take advantage of some of them. No matter what job perks a company chooses for its employees, the bottom line is still the same. These job perks create loyal and motivated employees.

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