Tag Archive | profits

Can You Guess The 3 Reasons Why Your Dog’s Poop Is Making This Company Rich?

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(This post originally appeared on Inc.)

Penelope is the best dog in the world. That’s because she’s my dog, of course, although I’ll admit that every dog-owner feels the same about their dog too. But as great as she is, Penelope is just a dog. And even Cavalier King Charles Spaniels, as regal as they may seem, have to poop. Like many, everyone in my family is out at work or school during the day. So we have a dog-walker take Penelope around the neighborhood at lunchtime so she can poop. We found our dog-walker through Rover.

Rover is helping lots of dogs poop. And according to this great article in GeekWire, its founders are using my dog’s poop to get rich. Read More…

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3 Ways Staples Can Help You Increase Your Profits This Year

 

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Want to grow your profits this year? You can sell more. Or you can cut your expenses. Or you can do both, just by visiting Staples. The popular office supply giant offers many ways for its customers to increase sales and reduce costs. Here are three that I recommend.

1 – Use Print & Marketing Services.

If you’re just running into Staples to buy some paper, you’re missing out on a huge opportunity – Staples’ Print & Marketing Services.

Here you can bring your presentations, copy and print jobs and have them professionally and quickly done without taking up the time (and resources) required by someone in house. But more importantly, you can rely on Print & Marketing Services to provide the kind of marketing assistance that would cost significantly more if you were to do it yourself.

At Staples you can:

  • Use the center to create eye-catching business cards and professional looking signs, banners and posters.
  • Get your postcards, flyers and brochures designed and printed with the help of their consultants and in-store experts.
  • Ask for help with promotional products – from coffee mugs to T-shirts – that can be made for your next event.
  • Make sure your branding is consistent across all of your stationary, envelopes, business forms and checks.
  • Choose the right personalized gifts and giveaways for customers, partners and employees.

When there’s something to celebrate, lean on Staples Print & Marketing Services to help you create photo cards, invitations and announcements.

Staples Print & Marketing Services is an outsourced marketing and administrative arm of your company, staffed with trained experts to help you launch marketing campaigns, do the right things at your next trade show, build your brand, attract attention for your business and create meaningful connections. Taking full advantage of their products and services will increase your profits. There are full-service capabilities for larger printing jobs and laminating, for example, as well as self-service options like convenient and quick print-to-store copies. Check out the Staples Business Center staples.com/businesscenter and Print & Marketing Services documents.staples.com.

2 – Join the Rewards Program

With each purchase at Staples, including most of what you’ll do with their Print & Marketing Services above, you can build up rewards. The program will let you earn up to 5% back in cash rewards on everything (excluding postage stamps, phone/gift cards and savings passes). In addition to these benefits, you’ll get free shipping on your staples.com orders over $14.99 (excluding Oversize items.) and you’ll earn $2 back in rewards for every ink or toner cartridge you recycle. Learn more at: (insert Rewards page with Link here).

Smart buyers can take advantage of membership programs to get them money or benefits back. Joining will increase your profits.

3 – Tech Services

Smart business owners know that investing in technology will have a marked impact on productivity and profits. But they also know that to get the most out of their technology, they’ll need ongoing services and support.

  • Hardware will need maintenance and even recurring replacement.
  • Software bugs will need to be addressed.
  • Operating systems must always be updated.
  • Security applications are a must for protecting against data breach, malware and viruses.
  • Critical data must be backed up daily.
  • Users should be frequently trained.
  • Computers and devices need to be setup properly.
  • Networks and Wi-Fi must be operating efficiently.

When this doesn’t happen, people become unproductive. Data gets lost. Costly interruptions occur. Sales and customer service is affected. And so ultimately are profits.

Staples has a technology services arms that addresses these headaches. By contracting with Staples you’re not only relying on a trusted, reputable resource but you’ll getting trained and certified professionals who will look after your technology investments and make sure that everything is running optimally. Staples’ technology services are competitively priced and quality driven. Relying on them for your tech infrastructure will go a long way towards increasing your profits in the years to come.

 

 

Why AAL’s Profit-Sharing Plan Is Probably Not Right for You

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(This post originally appeared on Fox Business)

Just last week, American Airlines announced that it would implement a plan where it would pay up to 5% of its pre-tax income into a profit-sharing fund to benefit its more than 100,000 employees in 2017 (assuming the company is still profitable). According to this report:

…the decision to institute profit-sharing came after repeatedly hearing from employees about the issue. Many understood the logic of the company’s preference for higher wages, (American’s CEO Doug) Parker said, but the explanation didn’t resonate with employees. “We’ve gotten through to people’s brains on this but we haven’t gotten through to their hearts and that matters. It felt like it was hurting our ability to pull the team together in the way we’d like, so we decided to make this change.” Read More…

What Entrepreneurs Can Learn From Kim Kardashian

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(This post originally appeared on Fox Business)

Recently I was asked if I could name one entrepreneur that I looked up to the most. It was an easy question. To me, that entrepreneur is Kim Kardashian. Yes, Kim Kardashian.

The Kardashians have been making news once again. Just last week it was reported that the “Kendall & Kylie” mobile game has earned $3.5 million. Kendall is 20 and Kylie is 18. Their older step-sister is Kim Kardashian. Earlier this month Kim publicly boasted that she’s earned $80 million from her own mobile app “Kim Kardashian: Hollywood.” Forbeshas estimated Kim’s 2015 earnings to be about $50 million. Some estimates put the net worth of the entire Kardashian clan at over $300 million. Who’s to know how much of this is true. All I know is that the family seems to be living pretty large on their reality show “Keeping Up With the Kardashians” — and yes I’m a fan, OK? Read More…

Why 2015 Isn’t As Good As We Thought It Would Be

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(This post originally appeared on Inc.)

Was it only last October that I wrote here about how small businesses were so confident heading into 2015? Wow.

“There have been no less than eight surveys that, for the most part, all say the same thing: Small-business owners are feeling pretty darn good.” I confidently said back then. “… in a month where the world seems to be falling apart, it’s comforting to know that the great majority of America’s small businesses still see the glass as half full. But then again, what else would you expect?”

Unfortunately, two reports came out this week that show just how overconfident we were. Read More…

5 Ways Businesses Will Profit From Philly’s Coming Energy Boom

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(This post originally appeared on The Philly Post)

Did you hear? An economic boom is quietly and slowly happening in Philadelphia.

“With little fanfare,” this report from last weekend says, “Philadelphia is undergoing a revolution powered by the U.S. energy renaissance. Renewed investment and activity in the region’s sprawling railway network and aging infrastructure is turning the City of Brotherly Love into a potential energy hub that some believe can rival Houston.”

Just this past month daily crude oil output in the U.S. topped 9 million barrels for the first time since March of 1986, and as Patrick Kerkstra wrote in this must-read Philly Mag piece: “The spoils of the Marcellus Shale gas fields will gush into the core of the city and its suburbs through broad new pipelines. Gargantuan processing facilities, built with billions of dollars of global capital, will rise like steel stalagmites along the Schuylkill and Delaware rivers. New factories — lured by the abundant low-cost energy the pipelines provide — will hire thousands of working-class residents to make plastic, steel, cement and countless consumer goods. Air pollution will increase, but so will the local GDP, as energy traders and executives fill up downtown office buildings.”

Our city happens to be in the right spot with the right infrastructure. We’re a hop and a larger skip away from the shale oil fields of Western Pennsylvania and North Dakota, respectively, and located smack in the middle of the populous and energy-hungry East Coast. There are thousands of acres of industrial space along both rivers just waiting to be built and re-built. There are huge refineries already in operation near the airport and in Marcus Hook and other refineries and holding facilities in Trainer and Hunting Park. We’ve got the right rail connections and large ports. We’ve even got Patti Labelle, and she’s a national treasure.

Pipelines are being built. Plans are being made. Relationships are being forged. Billions are readied for investment to expand these refineries and build new facilities. And unless our city leaders screw things up (which, in this town, is always a possibility) good economic times could and should be coming to Philadelphia. So, fellow entrepreneurs and business owners … what’s in it for you? And me? We know this is happening. We’re literally able to predict the future. We’re told that information is power and we have this information. How do we profit in the next 10 or 15 years? What business opportunities are there for a small business like yours and mine? There are many. Here are just five. Read More…

8 Ways You Can Profit From the Coming Rise In Inflation

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(This post originally appeared on Inc.)

Is there any doubt that both inflation and interest rates are going up soon? Few business owners I speak to think otherwise. And recent reports like this one and this one are warning of the same. No one’s expecting to see rates at early-1980s levels, which is a relief. But we’ve lived for the past decade in an environment of historically low interest and inflation. And this will change, mostly for two reasons:

  • There’s more cash in the system. During the financial crisis, central banks around the world offered unprecedented amounts of liquidity to bolster markets. And now, as the world continues to recover and economies grow, they are working to reduce their bloated balance sheets of excess reserves in a controlled way. No matter how well they do this, an excess supply of cash will circulate, and the only way to counteract the inflationary pressures caused by this will be to raise interest rates.
  • There are more people working. Meantime, employment is increasing, which is putting pressure on the level of wages. As business owners, we haven’t seen significant pay increases in years. But now employees have more options and are already demanding higher salaries. Adding to that are increases in basic cost-of-living expenses (e.g., food, clothing) and a general rise in prices brought about by a growing economy. Wages are our biggest line item, with the exception of taxes. As they go up, so will prices.

Smart business owners are always thinking ahead. Are you? If you know that inflation (and interest) will be rising over the next few years, are you getting ready? Here are a few things you should be considering.

1. Lock in long-term loans. Variable-rate loans are, of course, good in a low- (or decreasing) interest-rate environment. But now it’s time to renegotiate. If you have any debt outstanding that’s reliant on interest fluctuations, now is the time to lock them in at longer term, fixed rates. Read More…