How to Protect your Gym Business from Identity Theft

Understanding the risk of identity theft to your gym business will help you take the appropriate measures to protect yourself from identity fraud. Many gym businesses don’t protect their data properly, leading to data breaches and a loss of customer trust. Here’s what you need to know about identity theft and how it relates to businesses.

What Is Business Identity Theft?

Business identity theft refers to when scammers obtain a business owner’s personal information to pose as them. They use that information to open credit lines, illegally use the business owner’s existing credit cards, take out loans, or obtain tax refunds and other benefits.

Once a hacker has access to your personal information, there's a lot they can do with it, even posing as you to open up fake office locations and scam customers.

An…

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How to Get a Business Credit Card

If you are a small business owner, then you should consider getting a business credit card. A great practice for business owners is to keep personal and business finances separate. One way to do that is to apply for a business credit card. Have you been told that credit cards are more trouble than they are worth? That’s not all true; they can be beneficial. Business credit cards and consumer credit cards have some differences. Consumer credit cards are used to establish a line of credit for individuals. Business credit cards are for business owners—whether that is a corporation, small business, or freelancer—to credit purchases for business expenses. Various institutions offer different options for business credit cards. The key to it all is choosing the right small business credit card that suits your needs. What Is a Small Business Credit Card? A small business credit card is a business credit card that establishes a line of credit to cover business-related purchases and…
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Finding the Best Financing Solution for Your Business

Which entrepreneur doesn’t fantasize about starting a business and see it venture to something big without any mishaps? While this is a great vision, most business owners have one stumbling block: money. In fact, according to SBA (Small Business Administration) in a 2020 report, small business owners borrowed $645 Billion to help support their businesses. When the need for money exceeds the cash-at-hand, many areas are negatively impacted, and you need a plan B. Here is the good news; there are many financial solutions that you can opt for to help you evade the financial hitches caused by inadequate funds. Here are some of the best financing solutions that you can approach. The Different Types of Small Business Financing Solutions You can never run short of small business financing options for businesses. However, each has different policies, and not all of them are perfect for your business’s financial needs. Take time to understand the types of financing for busine…
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How to Sell on Facebook Marketplace as a Business Owner

Facebook Marketplace began as a place for users to buy and sell items similar to a garage sale. Since its introduction, Facebook Marketplace has gained popularity over the years. Since our world prefers online shopping over traditional stores, Facebook Marketplace has become a hot commodity among business owners. The in-app platform allows anyone to post items—new or used—for sale, purchase, and shipment through Facebook. In the past, the majority of items sold were from individual sellers. As the individual side of Marketplace gained popularity, business owners have become keen on its benefits and potential. Some benefits of using Facebook Marketplace as a business owner are: Exposure for your business and brand. Based on data from June 2021, 70% of Facebook users visit the app daily. A variety of marketing tools are available. The different tools for advertising help you discover ways to reach your target audience. Opportunity to provide a personal experience…
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8 Tips for Securing a Cash Advance When You Have Bad Credit

If you're looking for a cash advance with bad credit, you may be feeling a bit hopeless.

It can seem tough to find lenders who will work with you if your credit score is low. However, there are still options available to you.

In this article, we will discuss eight tips for how to get a cash advance with bad credit. We'll help you understand what a cash advance is, what bad credit is, and where you can go to get cash advance loans with bad credit.

So, don't give up yet. There are still ways for you to get the cash that you need.

What Is a Cash Advance?

A cash advance is a short-term loan that you can use to cover emergency expenses. It's a great option if you need cash quickly. Cash advances are typically unsecured loans, which means that you don't need to put…

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Understanding SBA Loans: What is a 504 Loan?

Many entrepreneurs require a small business loan to get started; however, choosing the right business loan can be intimidating. Fortunately, there are several different avenues of business loans to choose from, including an SBA loan.

What is an SBA loan? What is an SBA 504 loan? How does it work? What is the difference between an SBA 504 loan versus other SBA loan programs?

What is an SBA Loan?

With an SBA loan, the US Small Business Administration partners with lenders to get loans for small businesses. Rather than directly giving money to small business owners, the SBA sets criteria for loans.

The rationale behind using this lending model is that it poses less risk for lenders and lending organizations, which makes small businesses receiving a loan a much more straightforward process. Here are some ot…

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Why Getting a Business Line of Credit Can Be Better Than Credit Card

When you’re running a business, there are numerous things to think about. One of the most important is how you will finance your various business needs.

While many financing options exist, one of the best is getting a business line of credit. A business line of credit is different from a regular line of credit or a credit card.

In this article, we will discuss the differences when you're choosing between a business line of credit or credit card and why getting a business line of credit might be the better option for you.

Business Line of Credit: What Is It?

You might wonder, what is a line of credit and how does it work? A business line of credit is essentially a business loan. You can think of it as a flexible, short-term loan that you can use whenever you need it.

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How Does a Business Line of Credit Work – Benefits for Small Business

A business line of credit can be a handy tool for small businesses. Not only does it offer you the flexibility to get through financially sticky times, but its borrowing power is much more forgiving than a traditional business loan. In this article, we’ll walk you through everything you need to know about a business line of credit, including the best things it can do for your small business. How a Business Line of Credit Works How does a business line of credit work? Well, a business line of credit is actually more like a credit card than a loan – hence a “line of credit.” Firstly, it’s a revolving loan, meaning you can borrow from and repay the loan as you please, as long as you don’t exceed your credit limit. You’ll also need to pay interest on whatever portion of the loan you’ve borrowed with each payment, just like a credit card. There are two different types of business lines of credit. The first is a secured line of credit, and the second is an unsecured line of cred…
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6 Tricky Customer Service Challenges & How to Overcome Them

No matter the kind of business you operate, you have to deal with customer service in one way or another. And while most people think it’s all about answering customer questions, which is true, it can be challenging.  It involves dealing with all sorts of people and meeting their expectations. Therefore, to provide a professional service, one has to be patient, diplomatic, and smart. This article reviews some of the trickiest customer service challenges and their solutions.  Why Customer Service Challenges are Different Today Customer service statistics show 68% of customers believe that the key to providing the best service is to have a polite customer service representative. While that may be true, customer service faces numerous challenges of customer satisfaction, especially because of the nature of the modern customer.  For decades, several factors have been defining customer service. However, things are changing with the demands of the customers of today. To…
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How You Can Protect Your Business From Inflation

What Is Inflation? Inflation is an economic condition that occurs when the prices for goods and services rise. This can be caused by a variety of factors, including increases in the cost of production, scarcity of resources, or excessive monetary supply. When inflation occurs, the purchasing power of a currency decreases, which can lead to problems such as increased prices and reduced economic growth. There are a few different types of inflation, but the most common is demand-pull inflation. This happens when there is more money in the economy than there are goods and services to buy. This excess money causes demand for those goods and services to increase, which then drives up prices. Inflation can be a difficult thing for businesses to deal with. When prices are rising, it becomes more difficult to turn a profit. In some cases, businesses may even have to raise their prices in order to keep up with the cost of inflation. This can lead to a decrease in demand for their …
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Jim Thomas’ Gym Industry Menu of Services that Get Results.

Jim Thomas Fitness Management & Consulting — We have designed a portfolio of service offerings that are intended to go to the root of the issues in the gym industry.

Education

YouTube Channel

Blog

Business & Strategic Planning

Corporate Gym Management

Outsource CEO/COO Services

Gym Trouble Shooting/Operational Analysis

Health and Fitness Recruiting

Expert Witness

Sales & Marketing

Sales Training — Onsite or Remote

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7 Tips for Building a Better Network

Networking is connecting with other people, usually for professional reasons. It’s often seen as a necessary evil by many people, but the truth is that networking can be an excellent tool to help you achieve your business goals. There are countless benefits to networking, such as: Gaining exposure for your business Meeting new potential customers or clients Developing new business relationships Learning from other companies in your industry Finding new suppliers or vendors An excellent way to start networking is by attending local business events or joining a business networking group. You can also connect with other businesses online through social media or professional networking sites, like LinkedIn. The Best Tools for Better Networking There are various tools that make networking easier and more approachable. Here are some of the most notable tools. Social media: Use social media to connect with other businesses in your industry or local area. …
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Tips To Boost The Online Presence Of Your Business

The necessity of online presence for small businesses cannot be understated. A substantial amount of commercial traffic takes place online, and this is unlikely to change. To understand why an online presence is important, business owners must grasp the concepts of brand visibility and digital marketing.

This article aims to elaborate on why online presence is important and how to achieve it through online marketing, social media, tailoring to a target audience, and more.

The Importance of Boosting Your Online Presence, No Matter Your Industry or Niche

As a small business, growth should be your priority. Increased lead generation, credibility, and website traffic are a few of the benefits of online presence for business.

The internet is one of the most effective channels for growing a consumer base beca…

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5 Personality Traits That Great Business Leaders Have In Common

There are many different leadership traits that can make someone successful. However, some traits are more important than others and can be the difference between a good leader and a great one. Here are five of the most important leadership traits: Integrity: A good leader always maintains their integrity and is honest with those around them. They do not make promises they cannot keep and they always stand by their word. This is what makes them a respected and trusted individual. Maintaining your integrity is essential to being a good leader, as it builds trust among your followers and allows you to lead with confidence. Being honest also demonstrates that you have nothing to hide, which further strengthens your relationship with others. By upholding your integrity, you set an example for others to follow and inspire others to be the best versions of themselves. Passion: A passionate leader is one who truly cares about their cause and the people they are leading. T…
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How to Come Up With Hundreds of Business Ideas

Starting a small business is challenging. You're likely to fail if you don’t have a great business idea and a well-defined plan. There are so many opportunities out there, and coming up with a great business idea is the first step to success.

If you’re planning to start a small business, choosing the right business idea is critical. But don’t worry, because there are hundreds of great business ideas for 2022. Our guide on developing innovative business ideas from small startups to online businesses will surely help you start your small business.

Why and How Do Entrepreneurs Come Up With Ideas?

The core of every successful small business startup is an excellent and established business plan. Some business ideas may seem so simple that we wonder why we didn’t think of them before, while others may seem so out of the box that they leave us wondering …

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