Few relationships can do more to power a small business than a vendor relationship. In fact, recent research found that small and medium-sized businesses are investing between 45 percent and 65 percent of their sales revenue on the procurement of materials or services. One of the keys to a thriving business, strong vendor management helps control costs, strengthen service and reduce risk. Considering the rapid advances in digital technology and the changing regulatory landscape, successful vendor management is more important than ever.
2017 was an interesting year for the small business owner. Between recent tax law changes and public policy overturns, the business landscape is completely changed in 2018. What hasn’t likely changed, however, is the desire of small business owners to continue to grow their enterprises. Are you looking for ways to help jumpstart your small business this year? Here are five hot tips to consider from the team at AmTrust.
Many retail stores are adding temporary staff this holiday season to handle higher traffic and increased demand. Although hiring temporary employees helps to ensure customers are served and the shelves are stocked, it also brings some unique risks and challenges for employers. Learn more about the top mistakes businesses make when hiring temporary staff in AmTrust’s tips for preventing temporary employee mishaps this holiday season.
Successfully managing a small business doesn’t just involve protecting assets with the appropriate commercial insurance coverage, it also relies on the ability to maximize cash flow when managing expenses. That’s why AmTrust offers its insureds a variety of options and plans for payment. Our payment methods when purchasing commercial liability, workers’ compensation insurance and other business owners’ policies are flexible, simple and convenient, removing the hassle. Keep reading for descriptions and sign-up instructions on the option that can work best for you.