The World Business

Archive for the ‘Small Business’ Category

Small business health insurance is one of the benefits that you intend to provide to your small group of employees. Apart from wages many companies provide benefits like paid vacation, maternity benefits, etc to retain the employees in their organization. Small business health insurance is an added assistance to all these benefits.

A small business organization generally comprises of 2 to 50 employees. Each employee is very vital to the organization. If, even a single employee falls ill, the whole organization will become dysfunctional. Therefore ensuring a good health of the employees is one of the most essential responsibilities of the employer who owns a small business organization.

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The recent torrential rainfall that has plagued parts of the country has had a devastating, potentially fatal effect on thousands of small businesses throughout the UK. In the space of five weeks, severe flooding has impacted on almost 500,000 properties in the north-east, midlands, south-west and south-east of the UK, with many small businesses included in amongst those casualties. With gloomy estimates of around six months or longer to get the affected areas back into full-working order, can these small businesses survive or will many be shutting up shop this year?

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Internet-based banks like NetBank are giving traditional banks some fierce competition as more small businesses make the shift to online banking.

"We are extremely pleased with the success of our small-business banking initiative," said Douglas K. Freeman, chairman and chief executive officer of NetBank Inc. "More and more, small businesses are embracing the Internet and using it to do business better, faster, cheaper."

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Small businesses face many technological challenges to success. Typically, small businesses do not have the resources of a large publicly traded organization. How can small business compete with these large corporations when they have less labour and capital available?

The answer lies in taking advantage of free software opportunities available to small businesses. Large corporations by their very nature have large R&D budgets as well as teams of in-house technical support. Large corporations don't face the same challenges when it comes to acquiring business software.

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