Posts Tagged ‘Risk Management’
Business Categorization, Industry, Location, and the Impact on Merchant Rates
There are many factors that will determine what kind of fees you are charged by your processor. There are some factors that you can control, such as limiting charge-backs and fraud exposure, and others that you cannot, such as how you accept payments, your industry, and your physical business location.
Read MoreFactors That Determine the Transaction Fee Effective Rate
Transaction fees, also called effective rates or merchant fees, are fees that are charged to you by your payment processor on each transaction processed. The fee includes the bank interchange, the credit card association fees, and the processor fee. There are several factors that will determine your transaction fees:
Read More Benefits of Security Systems for Businesses
Security systems, security cameras, and burglar alarms are one of the first things that business owners invest in while starting up a business. Below are some of the benefits that you can get in using a Security system for your small business.
Read More 6 Reasons You Should Install a Security System in Your Office Building
Your office building is home base for your business. If your enterprise had an Alamo, it would be your office. Your offices are more than just the place where your employees gather to work during the day; it’s where you keep your business’s valuables and secrets and, occasionally, fairly large sums of its money.
Read MoreThe Hidden Benefits of Auto Repair Franchise Ownership
Obviously, auto repair franchise owners benefit from consumers making repairs on their cars, instead of buying new or used cars. However, you might not be aware of some of the not-so-obvious advantages to owning an auto repair franchise.
Read More Avoid Penalties and Fees: How to Keep Your Business in Compliance
For a small business, the number of filings required in a given year can be overwhelming, taking much needed time away from growing your business into a success. This may seem like trivial paperwork, but it’s actually pretty important.
Read More Protect Your Cash, Part 3
If you implement the policies that prevent the same person from handling all the cash and banking functions, plus review receivables, payables, and your financial statements regularly, you will have a better chance to catch anything questionable early on.
Read More Protect Your Cash, Part 2
In this second of three parts, here are more easy procedures to implement so that you protect your hard earned cash. The person who signs the checks is not the same person who balances the checkbook.
Read More Protect Your Cash, Part 1
There is no sense in doing the work if you’re not collecting the cash for the work you do. That, from a business standpoint, is one of the most important things to do. But once you get the cash in the door, you must make sure you protect that cash from employee theft and other mismanagement. There are some simple and very easy things that you should do to make sure that you protect your hard earned cash.
Read More The Fairness Doctrine
Most emotional responses to decisions in business are generated not because the person making the response feels the decision was unwise, but rather unfair. So I’ve created the “Fairness Doctrine” as a stated element in the cultural fabric of businesses where I am involved.
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