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.

This Nashville Jewelry Company Helps Individuals Transition out of Homelessness

Unlocked Nashville

Unlocked Nashville, founded by two Vanderbilt ‘18 classmates, is a jewelry company helping individuals in Nashville transition out of homelessness. Their work goes beyond the product – leveraging partnerships with non-profits – to build a community for their employees and change lives.

CoverWallet sat down with co-founders Alexis Cook and Corbin Hooker to hear more about their business and learn about their experience getting insurance with CoverWallet.

Promote Your SMB: 5 Social Media Tips for Small Business

social media tips for small business

Unlike big brands, small and medium-sized businesses don’t have the luxury of relying on their names to drive sales and establish customer loyalty. As a result, you need to work harder to promote your businesses.

Luckily, technology makes these business promotions possible by building a brand and growing a social media presence. Here are 5 social media tips for small business to help you grow your audience.

Tips to Optimize Your Small Business Processes

Optimize small business processesWhether its streamlining time-consuming tasks, eliminating unnecessary procedures, improving reporting to make data more meaningful, or focusing on targeted marketing, every business can benefit from making its core processes more efficient.

Particularly for small companies with limited resources, optimization is a crucial step to increase effectiveness in a competitive market. Here are some tools that can help your small business processes become more efficient.

Best Time-Saving Tips from Successful Entrepreneurs

Time saving tips for Small BusinessesFor most entrepreneurs, success is defined by how fast your business grows. But one of the biggest challenges is finding time to get everything done. Business owners often wear several hats, rolling up their sleeves to do whatever needs to be done, whether it be managing employees or selling the product or service. Time is the most valuable resource we have — and there doesn’t seem to be enough of it.

To help break that cycle, here are some time-saving tips from successful entrepreneurs who have achieved their success by using time wisely. These tips are simple and fairly easy to implement — after all, it shouldn’t cost a bunch of extra time to save yourself some time.

Online Review Management: Tips to Creating Customer Trust

Online Review ManagementCustomers read reviews of products, vendors, or service providers before making a purchase. In fact, 86% of customers hesitate to purchase products or services from businesses with negative online reviews. Reviews are a large part of your business’s online reputation and have a huge impact on your success.

Online reputation management is imperative and refers to monitoring, influencing, and building your brand’s virtual reputation. It shapes the public perception of your brand and helps establish trust for your products and services. If you want to grow your small business, creating customer confidence and maintaining a positive online reputation is key toward your success.

Challenges of a Day Care Center

challenges of a daycare center

Recent studies indicate a rise in dual-income households and suggest more parents are choosing to work full-time. While this should be good news for child care providers, growth in the industry has remained stagnant in recent years. To continue to grow, day care providers need to differentiate their business by making their facility standout in a crowded market and reducing attrition.

Day cares often face risks and various child care challenges that are unique to the industry. From providing for the essential needs of the families they work with to complying with strict state and federal requirements, day care centers have plenty of business obstacles. Here are some tips on how to overcome challenges of a day care center.

Questions to Consider When Buying General Liability Insurance

buy general liability insuranceSignificant financial losses due to unforeseen events and unplanned circumstances are every business owner’s nightmare. Property damage, injuries, accidents, and other liabilities can cause a huge dent in your business finances. Without insurance coverage or significant cash reserves, a large and unexpected liability could lead to your business shutting down operations permanently.

This is where General Liability Insurance comes to the rescue, providing liability coverage for some of the most common risks to businesses. While there are a wide variety of commercial insurance policies available on the market, general liability is the first building block for other policies and the core coverage that every business owner needs. But not all general liability insurance policies are crafted the same. Here are some important questions you need to ask yourself to ensure proper coverage for your business.

5 Insurance Mistakes Founders Make When Buying Insurance for Your Business

Insurance MistakesWhen starting a business, there are many elements you need to consider to ensure it’s smooth and successful. But one essential aspect is making sure you have the right type of insurance coverage with protection specifically designed for your business or industry.

There are different types of insurance policies available that cater to the diverse needs of businesses. Because coverage provisions are specific, complete coverage often requires multiple policies. Insurers sometimes bundle related policy types that are frequently purchased together, helping to prevent insurance common insurance mistakes that can leave coverage gaps.

Below are the most common mistakes founders make when insuring their business.