This part 2 of a two part series about cost of PCI Compliance. This month we will take a look at look at the cost of software and hardware upgrades. Software and hardware upgrades may be necessary if you store secure credit card data in house. Gartner estimates that a company with 100,000 credit cards on file will pay $6 dollars in encryption costs per card. Alternatively, merchants can use technologies such as tokenization where the data storage...more
There is a lot of confusion surrounding credit card processing and merchant accounts. Some of the most common areas of confusion are the different types of organizations that sell the services, what entities actually process the transactions and the fees and pricing structures that continue to form an unsolvable mystery for most merchants. This article is part 2 of a two part series. This month, I'm going to talk in depth about Independent Sales...more
As an entrepreneur, youre driven by the belief that you can do things better yourself. Thats why you decided to open your own business. You want to work for yourself, be the only boss you have, be responsible for the outcomes. You want to be more profitable. This focus on making things happen by yourself is a great strength. It gets you to accomplish things you would never have dreamed of. But it can also be a great weakness. The death of any entrepreneur is solitude. I see too many business owners out there working their business solo, trying to do it all. You simply cannot build a sustainable business on your own.This fact jumped out at me when I did a quick survey to find out why entrepreneurs had decided to get a business coach. Here were the main reasons: I have built a financially successful business, but know I could be doing even better. I dont know how to build more success without working even more hours. Im already maxed out. Theres got to be an easier way to do things, but I need help figuring it out. I just cant do it by myself anymore. There are many opportunities being handed to my business right now. I need an objective opinion on which ones are...more
Any real estate investment can prove to be a little complicated or complex, even for the most experienced investor. When you take that investment international, you wind up with a whole new set of rules, laws, and regulations regarding real estate investing, buying, and selling. When you want to invest in something as wonderful and gorgeous as...more
Entrepreneurship in its bland definition is someone who organizes, manages and assumes the risks of a business or enterprise. That could describe many business owners, who may or may not do that well in the role. So what makes a truly dynamic, highly successful entrepreneur? What are the traits of an entrepreneur that set him apart from the average...more
Learn How to Get Rid of Debt the Easy Way Have you fallen into this trap? Repeatedly, reliable survey sources tell us that most of us do not realize how much we spend every month using our credit cards. Investigations reveal that when consumers thought their total credit card debt was about $20,000, in fact it was closer to $40,000. Scary difference - consumers are spending a lot more than they think! When we routinely pay for everything with the plastic card and don't keep track of what we spend, these careless spending habits all too often lead to debt problems - problems which can easily be avoided.To add to the problem, most of us have several credit cards, so if you use them to pay for everything, then you also transfer the balances from time to time to get a better interest rate, its easy to miscalculate how much youre spending. With so many credit cards and with so many different payment options, it is easy to see how overspending can occur. Six out of ten consumers dont even know their account balances, so funds could be withdrawn in fraudulent transactions without them even realizing it! Now if you dont keep track of your money, who else is going to? So what you...more
Salesmanship - I just love that word.It's the ability to sell.It's 50% art and 50% science. Of course that's my opinion.Ask most salespeople and they'll say it's 90% art and 10% science.I know, because that's how I felt years ago. I believe there is...more
How To Stay Up, Even When Youre Down.This past weekend I was going through some old newsletters when I came across a letter that might help you to deal more effectively with the recession and the tough times you're facing.So - enjoy the updated...more
Today, lots of business experts recommend getting into a business that needs very limited investment and yet returns to you twice or even thrice of what you first put in. With very minimal start-up capital, you could start your very own party rentals...more
Before we start there are a number of definitions we need to be clear about. These relate to the type of person needed to manage the work and understanding what a project plan is.Project Manager:A project manager is the person accountable for...more
South Africa-based Recoveri has launched an entirely locally-developed, superior microdot-tag and trace solution for vehicles and other high-value moveable assets, giving South Africans access to affordable, effective asset-identification technology...more
Raise Finance to Buy a Car EasilyBuy a Luxurious Car at Low Cost with the Cheap Car LoansEveryone wants to own a car in his name. It doesnt matter whether the car is a new one or a used car. This need arises because of the comfort one gets by...more