Grand Opening Ideas for Your Small Business

grand opening ideas for small businessSo you’ve successfully set up your business and everything’s in place, from securing the right permits to furnishing the perfect location. And now comes the highly awaited and most exciting part of owning a business – the opening day. But before you open your doors to the public, be sure to strategize to make a strong long-lasting impression.

The main purpose of a grand opening event is to introduce your business to the community. You want to attract as much attention as possible and create enough media buzz to keep your business in the limelight. Here are some grand opening ideas for small businesses to ensure a solid, successful and exciting event.

The top considerations when choosing your business location

Business Location FactorsWhen starting up a business, you always hear the classic advice of location, location, location. Cliché, as it may sound, choosing the right location, can make or break your business, and it could make the difference between feast or famine. Depending on the type of business you’re considering setting up, there are several things you should keep in mind when choosing the right location.

Do you really need an upscale commercial space, or will a far-flung location with lower rent suffice?  Is the infrastructure and ambiance of the place important? Are there similar businesses in the area? If the answer is yes, how they are doing? Reflect on the following essential business location factors in order to guarantee a profitable, stable, and successful trade:

The Pros and Cons of a dog-friendly workplace

dog friendly workplacesThe business community remains highly competitive, and business owners are doing their very best to build a strong morale amongst workers. With a clear goal in mind to lessen the burden and day-to-day stress of working, business owners are introducing innovative ways to uplift employees’ spirits.

Amongst the many tried and tested methods of boosting workers’ spirits is letting employees bring their pets into the office. We can’t argue the fact that dogs are the cutest domesticated animals in the world – after all, who can resist their charming smiles, clever tricks, sweet gestures, and playful attitude?

Having dogs around can help keep the work environment fun and upbeat, but is it always productive and is it safe? Let’s take a closer look at the pros and cons of a dog-friendly workplace.

CoverWallet Named Startup of the Year by The Stevie Awards!

Stevie Award Winner CoverWallet

We are excited to share the news that CoverWallet was named the Startup of the Year for the Business Services Industry by The Stevie Awards!

The Stevie’s International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations, and the 2018 IBAs received entries from 74 nations and territories.

How to do a self evaluation for performance review in 10 minutes

self evaluation for performance reviewWorking for yourself has its pluses and minuses. You are your own boss and gone are the days of formal annual reviews with managers.

As an employee working for a big company, being called into your manager’s office for an annual performance review is definitely a nerve-racking experience. It’s that time of year when the big bosses assess your performance and having the good, the bad and the ugly laid out can be scary. When you’re professionally evaluated, you leave the room filled with valuable expert advice and a clear understanding of how you can improve things.

Having your own business, you don’t have anyone to be your boss and no one will be peering over your shoulder. You can do whatever you want and no one will evaluate your job performance. Sound good? At first yes, but in times of troubles or falling sales, you’ll only have yourself to blame.

Being able to carry out a self-evaluation for a performance review is critical for the success of your business. After all, it’s your sole responsibility and no one else’s.

How to start a side hustle?

How to start a side hustleNot all of us are passionate about our day jobs, but it’s the only way we can make a living. Working Monday to Friday, 9-5 and doing the same things over and over again can be mundane, but quitting a day job to follow a dream isn’t a practical solution financially for most people.

But who doesn’t want extra income? And who doesn’t want to turn that longtime dream business into a thriving and flourishing reality? The solution – start a side hustle.

Starting a side hustle can be both challenging and intimidating, but it’s a great way to test the waters and pursue what you really want to do. To ensure that your carefully planned side hustle goes smoothly, here are some tips to help you out.

These Boston-Based Chefs Prove Vegan Doesn’t Mean Boring

coco verde

It wasn’t until her daughter was transitioning to solid foods that Cecilia Flores and her fiance Ivannoe Rodriguez started experimenting with vegan food. Now, what started with just a few recipes has transformed into a full-swing food and catering business. 

CoverWallet sat down with Cecilia Flores of Coco Verde to learn more about their business and the delicious food they’re creating in the Boston area.

Looking for investors? 5 Reasons Investors Are Ignoring Your Business

Looking for investors for your small businessSo you have come up with one of the greatest ideas ever imagined – an exceptional idea that could literally change your life. You try to get it off the ground and take it one step further by looking for startup investors to support the business, but you don’t have any luck getting buy-in or funding from investors.

Having an exceptionally sounding and totally unique business idea doesn’t always guarantee support from venture capitalists. You need to prove the real worth and true potential of your business to earn their investment dollars.

Offline & Online Lead Generation: 5 Free Ways To Build A Strong Sales Funnel

offline and online lead generation

Small businesses are faced with uncertainties that can impact their longevity. With limited funding, it can be challenging to market products or services, and it’s tough to attract customers, let alone have them stay forever.

To stay ahead of the game, you need to generate more leads for your sales funnel. Lead generation is one of the most cost-efficient marketing techniques you could ever employ – all it takes is some time and patience. Here are some tips to help you get started.

How to Handle a Late-Paying Client

how to handle a late paying clientFrom bill payment, payments to suppliers, employee wages, and unplanned expenses, a business can’t run smoothly without a steady and dependable flow of income. That is why late-paying clients can be very frustrating and challenging for small businesses.

Late-paying customers can put a huge dent in your cash flow, stunting the growth of your business. Here are 5 tips on how to manage client payments and get those delinquent payers under control.