Avoiding Legal Distractions: How Safety Proofing a Business Helps Everyone Succeed

Hazards abound in almost every workplace, including facilities that mainly push paperwork. These hazards can quickly turn into problems as employees or clients find themselves in dire conditions. It’s the job of the business owner or manager to evaluate and resolve any safety concerns. Avoid any legal entanglements by safety proofing your business. You’ll see a difference in your employees’ happiness as business booms.

Wear Appropriate Safety Gear

Every employee must wear the proper clothing for their position. Technicians should have long sleeves and pants on at all times. They might also wear eye or head protection too. Before any employee starts out on their work for the day, they should take note of safety glasses and other items that must be part of their outfit. Without the proper safety gear, accidents and injuries become the norm. Businesses will see many legal ramifications as a result.

Maintain Clear Aisles

If you have any property areas that are dedicated to customers, be particularly diligent with their design. Walk the aisles, and verify if any items are sticking out. Fixtures or inventory that can trip customers will become lawsuits in little time. Look above you as well. Items stored as pallets might be hovering above the ground, especially in a warehouse location. Be absolutely sure that these items are secure. Falling items from above have been a problem for some businesses in the past.

Evaluate the Exterior

Your business is also liable for any injuries sustained on the exterior of the building. Take frequent walks out to your parking area. Evaluate railings, stairs and asphalt as necessary. If asphalt chunks are breaking apart in the parking lot, any injuries occurring in these areas can lead to lawsuits. Repair or tie off the area for everyone’s safety. By being responsible with your property’s layout, your reputation will rise as a caring company for the masses.

Hold Frequent Meetings

Safety may become a distant thought if it’s not brought up on a regular schedule. As a business owner, insist on frequent meetings to go over safety items. Go over the basics, and remind people about possible changes or additions to the rules. Both new and veteran workers will have all of the information necessary to make smart decisions on the job.

Always consult with a legal expert, such as an Iowa workers compensation attorney, because issues may arise over the years. By keeping up with the latest laws and applying them to your safety proofing, your business will run like a well-oiled machine. Your workers will remain loyal too because they’ll see the lengths at which you’ll go to keep them safe and accident free.…

Starting a Business is a BIG deal

If you’ve taken the leap and decided to pursue your passion, then you are one of the few who have chosen to follow their dreams. Depending on where you are in your business plan, you may or may not have even thought about one of the most important areas of your business: the name.

Many people don’t see the importance of the name and might write it off as something to do last minute or even just to “get out of the way.” However, having a strong, relevant name is crucial to the success of any business. It’s the first thing people see, and hopefully the last thing that forget. Many would even argue that your company name is even as important as your company function.

Think of eBay for example. As one of the most successful online buying and selling platforms in the world, the name is unprecedented and one of the best around. It stands for Electronic Bay, which is exactly what it is: a bay of goods to buy and sell all available on the internet. Not only that, but it’s easy to remember and hard to forget.

According to Inc.com, they list three reasons to have a good, strong business name :

  • It’s the First Thing Customers See
  • It Sums Up Everything a Company Is About
  • It’s Your Unique Take on An Industry

Smarta.com also lists important factors in a business name that should be considered before/during your decision-making process:

First impressions. This is self-explanatory at this point, but it needs to be understood that your business name is the first thing people see.

Impressing investors. Investors get targeted a lot. Don’t let them forget you.

Making your name web-friendly. Before you choose a name, make sure the domain is available or one you could use in its place!

So, how do you know if you’ve chosen a good business name? Entreprenuer.com states that, choose a comforting or familiar name that conjures up pleasant memories so customers respond to your business on an emotional level. Don’t pick a name that is long or confusing. Stay away from cute puns that only you understand. Don’t use the word “Inc.” after your name unless your company is actually incorporated.”…

Accounting Errors Can Make or Break A Company Or A Country

Charles James Lyall, the under-secretary of the Department of Revenue, Agriculture, and Commerce in the British Government of India during the late 19th century, once said: “There are four things that hold back human progress; ignorance, stupidity, committees, and accountants.”

Accountants and accounting services can make any CEO of a company cry, especially if there are accounting errors that impact bottom-line profits. Businesses need accounting services, but not all accountants perform their duties without making an error. Accounting errors are a fact of life. And there are so many errors, the errors have their own classifications. There are Errors of Omission. Errors of Commission. Errors of Principles and there are compensating errors. Accountants know compensating errors can be costly. A good example of a compensation error is the Uber compensation error that cost the company $50 million. Uber drivers in New York were short-changed by the company because of an incorrect accounting formula.

The White House denied an egregious accounting error in the budget. According to Former Treasury Secretary Larry Summers, the new budget double-counts $2 trillion. But budget director Mick Mulvaney told a group of reporters that the White House stands by the numbers. But Summers, a former chief economist at the World Bank, said the budget forecasts about $2 trillion in extra revenue growth over the next 10 years, to pay for Trump’s tax cut. And the same $2 trillion will reduce the budget deficit.

But not all accountants and accounting firms make accounting errors that can destroy profits or can turn in federal budget into a three-ring circus. Gray CPAs, the respected CPA in Loveland Colorado, helps local businesses manage their finances and business taxes without costly accounting errors. Gray CPAs specialize in the local craft beer brewing industry, and their accounting services knock it out of the park in terms of proper accounting procedures.

Big retailers like Amazon, Starbucks, and Walmart may be in for a pleasant surprise in 2018 when the new revenue-regulation law impacts their bottom lines. The new revenue-regulation law is the ASC 606 law. That law allows public retail companies to change the way the unredeemed portion of company-issued gift cards is dealt with. The term for the unredeemed portion of those cards is” breakage revenue.” And thanks to the new law, companies will be able to accelerate breakage revenue instead of holding it until the card expires or until the likelihood of anyone using the card becomes remote. In 2009, Congress passed the CARD Act. That act prohibits the expiration of gift cards for five years.

The bottom line, in terms of accounting errors, is, they are prone to happen because of human error. Businesses are at the mercy of ignorance, stupidity, committees, and accountants. But not all businesses have accountants that are ignorant, stupid or like to participate in committees. Most accountants check, double check, and then triple check their work. So Sir Lyall’s statement about accountants is just one man’s antiquate opinion, according to 21st-century accountants.…

Successfully Starting a Super Business

Success is something that all people desire. Many people equate success with a great business. Companies tend to market products, and one key aspect of having a successful business is to offer the things that customers want to buy. The product or service needs to appeal to a clear majority of the population to produce enough revenue for an efficient company. Instead of offering only particular items, for example, shirts with a lace pocket, the business would be more profitable if they offered an entire shirt line. From a business perspective, it is always better to focus on a general product.

ROCKSTARZ LIMOUSINE is a limousine service located Ann Arbor, Michigan. This limousine service is successful because they know how to market their product. They have a well laid out website that is very inviting and makes customers chose this limousine service over another company. The site discusses the corporation’s commitment to their clienteles, talks about the fact that they are very efficient and gives examples of the type services they offer including the Ann Arbor Party Bus.

Something to keep in mind when trying to maintain a company is to sustain a proper cash flow from the very beginning. Cash flow is an essential part of profiting. An excellent way to start out is to request a down-payment or deposit on the product or service being provided. There should continually be innovative ways suggested to uphold low costs to keep a business thriving. The amount of cash being brought in needs to be greater than the volume of money being paid out always. The cost of materials and other expenses should remain as low as possible. An excellent way to keep these prices small is to discuss a partnership with a providing company. If lace is a necessary component of the product being sold, then try to work with a lace company on a deal where more lace is purchased for a lower price.

A huge tip when starting up is never to pay retail prices. In today’s economic situation, many businesses will bargain a lower price for paying up front instead of using credit; ask companies if this is something they could offer. Also, doing lots of research on how owners and vendors work out deals could be helpful when competing with other corporations.

Revenues should always be underestimated, and expenses should be overestimated when planning. This exaggerated expectation will help with putting the focus on sales and marketing. Nothing can happen in business until sales begin. Finding good leads that can be converted into sales is the only way to start a successful corporation. Many entrepreneurs focus on getting their brand right before they begin looking for leads. Leads are more important than the brand so that is where the money should be focused. The biggest advantage in getting ahead is in finding consumers that will become repeat sales.

When running a business, every aspect of the company should be documented. Keeping track of everything will …