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Trusted Answers From Licensed Business Professionals
FINANCIAL ADVICE

Should I Purchase Cyber Liability Insurance For My Business?

By The BIDaWIZ Team on July 6th, 2012 at 11:00 am

One of the prerequisites to opening up a business is applying for general liability insurance in case of an accident at the workplace. But, these days many companies that now operate a website are also exposed to cyber liability risks. Should your business apply for cyber liability insurance? .
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FINANCIAL ADVICE

Do You Have a Buy and Sell Agreement With Your Business Partner?

By The BIDaWIZ Team on June 28th, 2012 at 3:00 pm

Many businesses that are owned and managed by multiple partners or family members do not have a plan in place should certain triggering events occur such as death or divorce. It is important to have a contingency plan to ensure a smooth transition at little or no expense to the existing owners. .
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FINANCIAL ADVICE, MARKETING

What Small Businesses Need To Do Before Partnering With A Goliath

By The BIDaWIZ Team on May 4th, 2012 at 2:30 pm

Many entrepreneurs try to partner with a large company to distribute their product or service to the masses. But, this can often lead to two very different outcomes. Learn how to find the right partner for your business. .
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BANKRUPTCY QUESTIONS, FINANCIAL ADVICE

Will My Credit Be Impacted If My Business Files For Bankruptcy?

By The BIDaWIZ Team on April 6th, 2012 at 1:00 pm

While bankruptcy rates are on the decline from a high of almost 61,000 fillings in 2009, there were still nearly 50,000 businesses that failed in 2011. If your business is on the brink of collapse, it is important to identify if your personal credit will be impacted by a bankruptcy filing. .
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FINANCIAL ADVICE

Have You Thought About A Subscription Model For Your Business?

By The BIDaWIZ Team on March 9th, 2012 at 1:00 pm

When the word subscription comes up, we often think about magazines, gym memberships, or software-as-a-service (SAS) offerings. That's changing now as many different types of retailers are offering subscription plans. .
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FINANCIAL ADVICE

Which Point of Sale System Should I Use For My Retail Shop?

By Susan Ladika on February 29th, 2012 at 4:30 pm

The choice in point of sale systems (POS) can seem nearly as varied as the choice in retail shops. Like any other aspect of starting a business, you'll need to do some basic research to determine which system best suits your needs. .
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FINANCIAL ADVICE, HIRING

What Can Businesses Learn From J.C. Penney’s New Pricing Strategy?

By The BIDaWIZ Team on January 26th, 2012 at 12:00 pm

Deep discounting appears to be losing favor, at least for one major retailer. J.C. Penney announced a major shift in their pricing strategy as they look to streamline promotions by consolidating offers & creating more predictable pricing for the consumer. Should others follow this trend? .
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FINANCIAL ADVICE

How Obama’s Health Care Reform Will Impact Businesses

By The BIDaWIZ Team on January 13th, 2012 at 1:00 pm

The Affordable Care Act will begin to impact many businesses this year and is set to be in full effect come 2014. Learn how your business may be impacted. .
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FINANCIAL ADVICE

How Much Should I Charge for Shipping?

By Susan Ladika on January 12th, 2012 at 11:45 am

The best place to start to determine how much to charge for shipping your merchandise is to do some comparison shopping of your own. Just like so many other things that have moved online, you can get a good idea of what it would cost you to use various shipping companies just by spending some time at your computer. .
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FINANCIAL ADVICE

The Most Effective Ways for Small Businesses to Raise Prices

By The BIDaWIZ Team on January 4th, 2012 at 10:30 am

Many small businesses are hitting roadblocks when trying to expand their business through working capital and/or outside financing. Their current margin structure won't cut it and as much as we hear that banks are increasing their lending, it is still tough to land a loan with favorable terms. What else can small businesses do to fund their expansion? They may want to explore raising prices. .
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