THE SHATTERPROOF REPORT

Small Business Scott Reib Small Business Scott Reib

Your Recurring Revenue Model

With a recurring income model, business owners can determine what percentage of revenue could be lost each month as well as what new subscriptions or payment plans are joining. If you are tracking membership metrics with a metric dashboard, you practically have the ability to predict your next month’s revenue. However, you should know that recurring revenue is not some sort of magic money maker, it requires hard work to keep your customers sticking around for years!Here are 7 models to form your perfect recurring revenue business around:

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Small Business Scott Reib Small Business Scott Reib

How Mobile Technology Impacts Business

Around a decade ago, technology began to drastically change into the tech-savvy, social media oriented, Iphone wielding society we see before us today. With all of this change, we have to stop and think about what has changed with it. One of the main things that has changed is the way that businesses communicate with one another, with customers, and within their own walls. Learn more in this article!

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Want Better Employees? Try this!

Want better employees? According to studies, business owners who launch health programs for their employees can enjoy a wide-range of valuable benefits, not simply their employees but for the entire company. Outside of a healthier and happier team, such programs can increase productivity, save money, and even enhance your brand’s image among current and prospective employees. If you’re looking for a relatively simplistic strategy for motivation, workplace wellness programs should be a top priority. The following are just a few of the most powerful benefits participating companies experience.

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Small Business Small Business

Tips For Increasing A Small Business' Online Presence

In today’s world of digital-everything, nearly every business, big or small, has some degree of an online presence. Some, like e-commerce shops, may operate completely online, while even brick and mortar businesses likely have a website and Facebook Account. However, if you’re not an online-marketing guru, building your business’ online presence can be challenging. We’ll offer valuable tips for maximizing your online operations, so your company can thrive and grow in the web marketplace.

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Three Overlooked Metrics You Should Track

As a business owner, you’re more than likely monitoring a number of key performance indicators (KPI) to determine how well your company is doing. If you’re launching a new business, you’ve undoubtedly heard about the importance of KPIs. Whether related to your financials, advertising, turnover, and/or website traffic, these metrics can be a great way to measure, maintain, and improve a business’ growth.Yet, there are a few metrics vital to a company’s long-term growth that many owners do not track effectively. Ignoring these numbers can keep your company from achieving its full potential. Here are three such metrics that you should keep a close eye on.

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Are You Liable For The Actions Of Your LLC?

One of the main reasons business owners set up corporations and limited liability companies is to shield their personal assets from debts and other liabilities incurred by the business.Corporations and LLCs exist as separate legal entities from their owners, meaning that they can acquire their own assets, enter into contracts, and take on debt. In turn, if a corporation entity is unable to pay its debt off, creditors are typically only permitted to go after the company’s assets, not the owners’ personal assets...

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Breaking News! Breaking News!

"Gay Flags Should Not Fly At Embassies" - Pence

This week the State Department said that the only flag would be flying on the flagpoles of American Embassies, the American Flag. This means that during Pride Month, which takes place in June, the Gay Flag would not be flown with our nation’s flag. This decision was supported by the President and Vice President of the United States. According to Mike Pence, “I'm aware that the State Department indicated that on the flagpole of our American embassies, one flag should fly, and that's the American flag. And I support that.” As the situation has progressed, men and women on either side of the debate have been casting their opinions on why the Gay Flag should or should not be flown by American Embassies. Here’s why I agree with him.

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Small Business Small Business

How To Manage The Stress of Owning a Business

There are many reasons people decide to start their own business:- To be their own boss- Set their own hours-Control the people and projects they work withYet, the reality of business ownership isn’t quite that rosy. It’s actually one of the most stressful endeavors you’ll ever undertake. While running your own company will inevitably have its maddening moments, some of the biggest stressors can be successfully managed if you know how to approach them. Here are three of the most unnerving parts of owning a business and how to handle each of them like a champ!

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Small Business Small Business

The Pros/Cons of Hiring Independent Contractors

One of the great advantages of ICs is the lack of oversight, training, and physical space they require. However, you have little control over how they actually do the work you hired them to do. By giving them complete freedom, you are accepting some frustration. Giving workers freedom can be difficult for some business owners that prefer that the work be done using specific processes and/or tools. It is vital that you don’t interfere too much with IC’s work since doing so can result in the IRS re-classifying them as employees, which can result in penalties and expenses.

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Small Business Small Business

The Ins And Outs Of Chapter 7 Bankruptcy

It’s a simple fact that small businesses fail all the time and for many different reasons, some that are out of the owner’s control. If you’re falling deeper and deeper into debt by keeping your company open, it may actually be best to shut it down and cut your losses.When it comes down to closing a debt-laden business, bankruptcy is one option that will help you to stop the bleeding money and get a fresh start. However, filing for certain types of bankruptcy may not be an available option for your business entity or the best way to go for your personal situation. There are multiple types of bankruptcy filings, each having its own benefits and drawbacks.

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Small Business Small Business

The Five Keys To Defusing Workplace Drama

One of the more challenging aspects of a business is that you have to manage your staff’s conflict. Dealing with people and personalities is very different than the majority of your other duties where your goal is comparatively straightforward and requires talent and time. Although good management can go a long way, conflicts will inevitably arise due to the inherently tense nature of the workplace. There are always differences in values and viewpoints, poor communication, personality clashes, and unhealthy competition.Without a solid process in place for effectively handling staff conflict, both morale and productivity can decline to the point where your company falls apart. The following five steps provide a solid framework for effectively neutralizing employee conflicts before a petty dispute turns into utter chaos.

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Small Business Small Business

Tax Tips: A Guide to Doing Your Taxes

While Tax Day isn’t until April 15th here in the U.S., if you own a business and you intend to follow the rules, you’ve already started scrambling. 1099s were due to your independent contractors February 1, and if you are filing an S or C-Corp tax return it’s due March 15th, and then of course person returns are due April 15th.This means that you should make sure your bookkeeper and tax advisor always have what they need from you. If you don’t or you are feeling stressed about the whole tax time scenario, here’s where we can help.

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