With 2020 fast approaching, many small business owners have started writing resolutions for the New Year. Often, however, these goals are poorly defined, such as: “Get more customers” “Save more money” Without a game plan, the likelihood of succeeding with either goal is small. In fact, most professional and personal New Year’s resolutions ultimately fail due to lack of specificity. But not this year.
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Small Business Tips
As a business owner, you’re likely already aware of the PCI compliance rules governing payment data security. However, payment information isn’t the only thing worth protecting from fraud and abuse. In fact, there exists a host of data protection laws around the globe designed to safeguard sensitive personally identifiable information (PII). These privacy acts are becoming increasingly important given the speed and ease with which we send, receive, and store data in the digital world.
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Topics:
E-Commerce and Online Payments,
PCI Compliance and Fraud Prevention,
Small Business Tips,
Enterprise Business Tips,
Consumer Education
2019 is nearly over, which means it’s time to get ready for all the opportunities and challenges that businesses will face in 2020. Payments are an integral aspect of business, so it’s important to stay on top of the trends that emerge each year. Here are some of the forecasted payment trends for 2020 and how they may impact your business in the new year.
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Topics:
Due.com Partner Posts,
Small Business Tips,
Payment Trends
Even with a holiday shopping season that has been calculated as more than a week shorter than past years, estimates point to record holiday revenue. That means more opportunities to grab your share of the sales. Here are some of the holiday shopping revenue predictions, along with what you can do to tap into them as a small business.
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Topics:
Due.com Partner Posts,
Mobile Payments,
E-Commerce and Online Payments,
Small Business Tips
There are many industries that experience peaks and valleys throughout the year. It doesn’t make sense for businesses in these sectors to maintain a full roster of employees during the less busy seasons. This phenomenon obviously applies to: Hospitality, restaurant, and vacation businesses that cater mostly to tourists Retailers that need extra staff during the busy holiday shopping season — from Black Friday to New Year’s
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Topics:
Small Business Tips,
Awareness
A recent Deloitte report provided insights into the opportunities and challenges of B2B middle market payments. This specific market of small and medium-sized businesses makes up a considerable part of the U.S. economy, but struggles to get the type of payments solutions they need despite the ongoing digital transformation of business.
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Topics:
B2B,
Due.com Partner Posts,
Small Business Tips
Do you ever feel like you’re constantly putting out fires in your small business? If so, you’re not alone. As an entrepreneur, it’s common to work many hours while wearing a lot of hats. This leaves little time for all of those self-help books, workshops, and marketing courses that can help you expand your business. Fortunately, however, it’s easier than ever to master new skills without having to rearrange your schedule.
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Topics:
Fun Posts,
Small Business Tips
This is the final installment in our ongoing series about National Preparedness Month (celebrated every September). Over the past three weeks, we’ve covered: Why National Preparedness Month exists How your business can protect itself from disasters Resources to help you rebound after tragedy strikes When most small business owners learn of National Preparedness Month, they automatically think of natural disasters such as earthquakes, hurricanes, and wildfires.
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Topics:
PCI Compliance and Fraud Prevention,
Small Business Tips
2019 marks the year that many mobile carriers launch their 5G networks. It’s the fifth generation of wireless technology. The changes include new smartphones with 5G capability, which have only recently hit the market. That means most people don’t yet have access to this powerful network. However, it’s important to start covering the 5G revolution as it starts to prepare retailers for the opportunities to come so changes can start now to accommodate the new network.
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Topics:
Due.com Partner Posts,
Mobile Payments,
E-Commerce and Online Payments,
Payment Technology,
Small Business Tips,
Payment Trends
The No. 1 rule in investing is to buy low and sell high. This basic concept also applies to business. To be successful, you must sell goods and services for more than what it costs to acquire or develop them. The difference represents your profit margin. Historically, this has favored the service industry — where the single largest investment is time. In fact, most of the small business ideas on this list are service-oriented.
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Topics:
Small Business Tips,
Getting Started with Payments