Author: Admin
Have a proactive, visible plan to make sure that employees know and understand that shrinkage is an issue. Several options are available to business owners or managers. Security Cameras One of the best ways to deter theft in a business is through the purchase and proper placement of security cameras. The wide variety of available cameras fit any budget and situation. With wireless, wifi supported cameras, you can view your business location no matter where you are. Other hard wired cameras work on a server system that can require a larger investment. Any way you go, security cameras aid in…
Storing items is often a necessity. Whether you simply have too many possessions for your current space or you are in the process of moving, you know that you need storage solutions. Despite the need, however, you don’t necessarily have an overflowing amount of money to spend on this project. Shop Around In order to obtain the best price for storage units, you generally must research the costs at more than one entity. While conducting preliminary research over the phone is often useful to eliminate costs that are far out of budget, you should visit at least a few different…
The odds of a new business succeeding are often less than 50/50. Even if a new business does make it past its first year, there is no guarantee that it will last for another year or longer. However, it may not always be possible to merely lease equipment or office supplies. How should the owner of a young company decide whether to rent or buy? What Are You Looking to Acquire? There are some items that you may not be able to buy even if you wanted to. For instance, office space is usually leased to a company by the…
HR costs are one of the biggest expenditures for any business, and over time, they can really add up. The main goal of any company should be to control expenses in each department. This can be achieved by utilizing tactics that are designed to cut costs using a proactive approach. Many businesses find areas within the HR department that have room for improvement and it is good place to start. It is about working to promote effective programing that can be done without interfering with actual employee benefits. Going Paperless Printing out payroll is an outdated practice that costs businesses…
In 2014, an entrepreneur named Ryan Grepper attempted to fund a project called the Coolest Cooler on Kickstarter. Grepper’s goal was to raise $50,000. Instead, he raised more than $13 million from more than 60,000 backers. Seemingly overnight, Grepper had far more funding than he thought he needed — and more than 60,000 coolers to deliver. The Problem With Rapid Growth At the conclusion of its funding campaign, the Coolest Cooler was the most popular product in Kickstarter’s history. To ship the rewards that he had promised his backers, Grepper would have to scale production greatly — probably far more so than…
Etsy is a growing e-commerce community that focuses on unique and handmade items. In Idaho, Etsy is quickly becoming a part of individual’s side-hustle to add a little income from home. Becoming a successful Etsy seller involves starting with a solid foundation of strategy. Here are some tips for building your own Etsy business and paving the road to success. Start with a Business Plan With any new business, it’s crucial to begin with a business plan. Steven R. Covey said, “All things are created twice. There is a mental (first) creation, and a physical (second) creation. The physical creation…
Every business needs security. Whether you are protecting your inventory or client data, having the right devices and processes can help your company avoid disaster. Inadequate or inappropriate security solutions can result in data breaches or theft of valuable assets. Whatever the scale of your business or the type of tangible or intangible assets you need to protect, considering the following 5 elements of physical security a must-have. Deadbolt Locks Surprisingly, one of the best security solutions for a business is also one of the cheapest. The simple deadbolt will keep out most would-be intruders, and any DIY-minded business owner…
A common saying in business and personal growth is that mistakes can be a great teacher. And while that can certainly be true, it is always preferable to learn from other peoples’ mistakes and avoid the pain from your own. Having studied businesses and their mistakes for several years now, hopefully I can provide you with some principles that will help you avoid some common business missteps. Familiarize Yourself With Local Laws in Order to Avoid Breaking Them Accidental trespasses create some of the costliest mistakes small business owners make. Understanding Idaho business law will save you from making many bad…
As a recent trend has been sweeping the area, Steve and Jennifer Jones decided to get Idaho Falls on board by opening Exodus Escape Rooms. This new adventure business is housed at 387 Park Avenue. An escape room is an interactive physical game where players are locked inside of a room, seeking clues and solving puzzles from elements within the room to escape before their time runs out. These types of adventures are seen as a great alternative to mundane activities like movies for group activities and date nights. Exodus Escape Room opened its first room on November 1st, and…
INL (Idaho National Laboratory), one of the U.S. Department of Energy’s national laboratories and a significant employer of Idaho Falls area residents, received the Idaho Innovation Award this year. Inventors Tedd Lister and Luis Diaz Aldana were specifically honored for their contributions to efficient recycling. The annual Idaho Innovation Awards exist to recognize innovations and innovation companies throughout the state of Idaho. The event has been hosted by Stoel Rives LLP, a U.S. business law firm, for the past 10 years. INL’s contribution was based in the way of recycling technology. Electronic waste is now closer than ever to having…