Running a small business can be a daunting task. According to the Department of Bureau and Labor Statistics, over 20% of new businesses fail within the first two years. Several factors contribute, but one that you should be aware of is choosing the right brands to work with. Perfect business partners are like a marriage; you must support each other in all facets to succeed.
As a small business owner, you’ll need to partner with the right brands when you have less access to capital. Doing so can provide the support and services you need to succeed. In this article, we’ll explore some brands that small business owners can rely on.
1. Find Merch Accessories at Lapel Pins and Coins
Lapel pins have become more prevalent in recent years since they offer a unique way to promote businesses, organizations, and events. You can customize these items to include logos, slogans, and other branding elements, and they can be used in various ways to help build brand awareness and loyalty.
Custom lapel pins from Lapel Pins and Coins are a great way to promote your small business, reward employees for their hard work, or commemorate a special event. Lapel pins are versatile, affordable, and can be designed to meet various needs. They also offer a unique way to promote your brand and build brand awareness and are relatively inexpensive to produce. Perhaps best of all, they can establish a sense of pride and belonging among employees and other stakeholders.
Using this method is a surefire way to help your business grow. By working with a reputable custom pin provider, you can create high-quality, customized items that reflect your brand and help you stand out from the competition.
2. Get the Banking Info You Need From Entrepreneur
Finding the proper bank account for your small business can be daunting. There are many options, and each bank offers different features and benefits. Here are some of the best business bank accounts for small businesses according to Entrepreneur:
- Chase Business Complete Banking: Chase Business Complete Banking is an excellent option for small businesses needing a simple, no-frills banking solution. With Chase Business Complete Banking, you can get a business checking account, debit card, and access to over 16,000 ATMs and 4,700 branches. A monthly service fee can be waived if you maintain a minimum balance or make a certain number of transactions.
- Bank of America Business Advantage Checking: Bank of America Business Advantage Checking is another great option for small businesses. With this account, you can get a business checking account, debit card, and access to over 16,000 ATMs and 4,300 branches. There is a monthly service fee, but like the above, it can be waived if you maintain a minimum balance or make a certain number of transactions. Bank of America also offers a variety of business credit cards and lending options.
- Azlo: Azlo Business Checking is a great option for small businesses that want a fee-free checking account. This account has no monthly maintenance fee, overdraft fee, or minimum balance requirement. This account also offers unlimited transactions, free online banking, and mobile banking. The only downside is that this bank has no physical branches, so you must conduct all transactions online.
Choosing a wireless carrier for your small business can be a difficult decision. Two of the most popular carriers in the United States are T-Mobile and Verizon. Each has its strengths and weaknesses, which is why there’s a T-Mobile vs. Verizon debate on Navi. Comparing them to find the best fit for your business is essential. Let’s start with T-Mobile.
T-Mobile is known for its affordable plans and fast network speeds. They offer unlimited data plans with no overage fees or hidden charges, which can be a significant advantage for small businesses needing reliable internet access. They also have excellent customer service and a 24/7 support team to help with any issues or questions.
One of the downsides of T-Mobile is that its network coverage could be better in some areas, especially in rural environments. This could be a major concern for small businesses that need reliable coverage in all locations. Furthermore, T-Mobile’s international coverage can be limited compared to other carriers, which could disadvantage businesses that need to travel or have international customers.
Verizon is known for having the most reliable network coverage in the United States, with the widest coverage map and the best call quality. Small business owners might rejoice in having access to reliable coverage in all locations. They also offer a range of business plans with different features and benefits, such as international roaming and shared data plans.
On the other hand, Verizon’s plans can be more expensive than other carriers, especially for unlimited data plans. Also, their customer service can be hit or miss, with some customers reporting long wait times and difficulty resolving issues.
Choosing between T-Mobile and Verizon ultimately depends on your business’s specific needs and budget. If you prioritize affordability and fast network speeds, T-Mobile might be the better choice. If reliable coverage and customer service are more critical, Verizon might be the better choice. Review your business plan to see which would be the better fit.
Owning a small business means thinking about the usual things, like branding, customer service, reviews, and finances. However, there are some aspects of a business — like the packaging — that some companies need to think more about than they might initially realize. Most will use standard shipping boxes, while others may use branded packaging for a more personal effect.
When packages are delivered, an adult will typically grab them upon arrival. However, there are some instances where a child may be curious and try to see what’s inside. This could be dangerous, especially if you’re shipping materials that aren’t quite safe for children. Although the item has left your facility, it’s still your responsibility to ensure the packaging is safe.
To avoid costly mistakes in the future, invest in child resistant packaging from Dymapak. Its packaging is specifically designed to prevent children from accessing dangerous or harmful products. This packaging is commonly used for pharmaceuticals, cleaning products, and other items that pose a risk to children if they are accidentally ingested or otherwise mishandled.
Dymapak packaging typically involves a locking mechanism that is difficult for children but easy for adults to open with little effort. The packaging may also include warning labels or symbols to alert adults to the product’s potential risks. However, it is important to note the packaging is not foolproof. Children can still access the product if they are determined enough or if the packaging is incorrectly used. As such, parents and caregivers need to remain vigilant and take additional steps to ensure that harmful products are stored safely out of reach of children.
Business insurance is an essential part of managing and protecting your business. It provides financial protection against risks and uncertainties that can arise while running a business. It also helps cover the costs of damages, injuries, and lawsuits that can arise from accidents or unforeseen events.
Business insurance can be expensive, but you can’t afford to cut too many costs here, or you could be held liable. Finding a provider can be challenging, but OTTO Quotes might be the reliable broker you’ve been looking for. They’re a tech-driven commercial insurance platform that provides businesses with customized policies based on their unique needs. OTTO Quotes aims to make the buying process more streamlined and transparent, using technology to simplify the process and eliminate unnecessary steps.
Rather than offering a one-size-fits-all approach, OTTO Quotes considers each business’s specific needs. Doing so helps companies save money by only paying for the coverage they need rather than purchasing a more comprehensive policy that includes coverage they don’t use.
6. Use QuickBooks for Business Expenses
All business owners need to keep an eye on their finances. Older bookkeeping methods revolved around using spreadsheets, but as times have progressed, software like Quickbooks has become popular to help keep track of data. It’s an accounting software specifically designed for small businesses.
One of the key benefits of QuickBooks is its user-friendly interface. The software is easy to use, even for those with little to no accounting experience. It also offers a range of tools for invoicing, expense tracking, payroll management, and financial reporting, all of which can be accessed from a single dashboard.
And don’t worry about the pricing; QuickBooks offers a range of pricing plans to suit different budgets and business needs. The self-employed plan provides a cost-effective solution for small businesses with basic accounting needs. Conversely, the advanced plan offers more features and functionality for larger companies with more complex financial requirements.
Small Business Owners Can Rely on These Brands
Small business owners must choose reputable and reliable brands with the features and tools required for success. The aforementioned brands are just a few examples of those that small business owners can rely on, but research and evaluation of each brand’s offerings are necessary to find the best match for unique needs and budgets. By doing so, small business owners can improve their operations and achieve greater success.