BluePay Blog

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.

Topics: 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.

Topics: E-Commerce and Online Payments, PCI Compliance and Fraud Prevention, Small Business Tips, Enterprise Business Tips, Consumer Education

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.

Topics: Fun Posts, 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.

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.

Topics: Small Business Tips, Getting Started with Payments

They say that youth is wasted on the young. Nearly all of us wish we could go back in time to shake some commonsense into our younger selves. This universal desire applies to everything from love to health to business. It even applies to retail. Just think of everything you wish you could have told yourself before opening your first store.

Topics: Small Business Tips, Getting Started with Payments

ABC’s Shark Tank is an award-winning show in which budding entrepreneurs pitch their business ideas to industry experts who have plenty of money to spend.     The goal of the show is to elicit funding from these angel investors so contestants can take their business ideas to the next level. The competition is stiff, with nearly half of all contestants going home empty-handed as they join millions of other businesses that never survive their first year.

Topics: Fun Posts, Small Business Tips

When you launch a store or restaurant, managing inventory is relatively straightforward. As items come and go, you can track everything using nothing more than a simple spreadsheet.  Yet, this inventory management system isn’t sustainable for long:  It’s incredibly time-consuming to track inventory and update records by hand.  You have to “eyeball” when stock is getting low — this can be hit or miss.

Topics: Software and Payment Integration, Small Business Tips

Introducing a new product or service is one of the best strategic approaches to growing a small business. It’s a way to hold the interest of your existing customer base while reaching out to new audience segments that may now be interested in what you have to offer.  Although you may think the most challenging aspect to adding a product or service is to do something unique that stands out in the market, even more difficult is often setting the price for that introduction.

Topics: Due.com Partner Posts, Small Business Tips

Corporate Social Responsibility (CSR) and social good have often been viewed as strategies for global enterprises to undertake. Rarely is the concept attributed to small businesses, perhaps because of the perceived cost or the idea that it has to be a big effort or it won’t actually change the world.  However, what is working is when more businesses of any size take small steps and implement even the most minor changes to how they work or how they view their overall goals.

Topics: Due.com Partner Posts, Nonprofits, Small Business Tips