6 Tips for Starting Your Entrepreneurial Leap on the Right Foot

Your brain has been teeming with this business idea for a long time, and you feel like you’re ready to pursue your dream of being an entrepreneur. You may have a job or be between jobs, but that feeling of being ready is too strong to ignore.  

Before you jump into the startup pool, step back and take stock of what that decision means to you on multiple levels and decide if you’re truly ready to be as vulnerable as the process will make you.

Establish Your Funding

Entrepreneurs with a great network will find this part easy, but for many, it’s a challenge. Many business owners self-fund with a little help from friends and family. Others are able to get financing from lenders. In all cases, calculate your startup costs and come up with a timeframe and plan for spending your capital.

Get a Mentor 

Despite the fact that nine out of 10 entrepreneurs agree that mentors make a positive impact on the survival of a business, less than a quarter of small business owners had a mentor when they started their business. That’s an opportunity to start your business on the right path because mentors shorten the learning curve, especially if that person worked in your sector. One place to find your own Miami-based mentor is SCORE.

Choose Your Business Structure

Formalizing your Florida business has numerous benefits for you as an entrepreneur. There are tax advantages to establishing your startup as a limited liability company (LLC), for example, as well as the ability to protect your personal finances from business liabilities. One of the biggest benefits is that with a formalized business entity, you stand a better chance of being taken seriously by a lender when you need to apply for a loan or a line of credit. The rules for registering a business vary by state, so check those out before starting the process.

Invest in the Right Technology

There are several types of technology entrepreneurs need to invest in, such as accounting software. However, one of the most important is a customer relationship management (CRM) system. Customer service is a dealmaker when it comes to brands standing out. CRMs help businesses understand the value of their customers over the lifetime of the business. A good CRM that provides insight into purchasing habits and opinions has an average ROI of $8.71 for every dollar spent.

Create Your Business Plan

Putting ideas on paper can be the difference between a dream and a goal. Planning your business not only makes it real but more viable. In fact, entrepreneurs who create a business plan are more likely to follow through on starting their business. They become tuned in to the business’ performance and strategies, making it more likely that the business moves beyond the startup phase to growth. 

Give Yourself the Best Chance for Success

Having a great business idea is one thing, but there’s a lot more to entrepreneurship. You’re the biggest investor in your business, so make smart choices before you start.

Make your company’s e-commerce platform more functional with the help of Magento extensions from ExtendWare.

A New Horizon Ahead

As we move forward, here at Extendware.com we are looking to improve our website and add more tools to help your ecommerce business to grow. We expect a lot changes in 2020; we want to thank all our customers that have stuck with us throughout the last few years.

You can expect a lot more from us and we are excited what lies ahead for Extendware.com. We love to hear any feedback from our readers and from clients, anything that can help our site do a better job is welcome. As Extendware.com comes under a new ownership, we hope to learn more and continue our pursue for perfection.

We hope that our clients and their families stay safe during these uncertain times; we are looking forward to serve you in near future.

God bless you

We will be in touch soon!

Extendware Team

Covid-19 Special for Extendware Customers

Dear customers,

The COVID-19 pandemic has effected us all, and being a small business like yourself, we have had to make some drastic price cuts to our products and currently put all additional Magento 2.0 module production on hold for the time being.

To help you launch your projects as quickly as possible, we have decided to cut all prices of Extendware Extensions.

Please check out extendware.com to see all the huge price changes.

We will still provide services (such as installation, migration and custom development) on an add needed basis. Please reach out to us out for additional details.

We hope this huge cut on pricing and plans will allow you all to continue to assist your business in this crucial time and we appreciate you helping to keep a small business like Extendware running.

Be safe everyone,

Extendware

How Technology is Changing the Way You Hire

Advancements in technology in recent years have helped improve the hiring process of many companies. Interviewers now have access to all the information they need on their potential employees with just a few clicks on their screens and that helps make a hiring manager’s job quicker and easier.

There are many ways through which this whole process has been simplified and they were all created in order to help companies make the right decisions on hiring new employees. By hiring the right people, the company is going to move a step closer to success. Here are some ways through which the hiring process has changed over time.

Accessing information is much quicker

The very first way through which technology has changed and improved the way companies hire their new employees is through the digitalization of information. While in previous years interviewers had to go through all the documents a potential employee submitted, they are now able to access all that information through individual files on their computers.

On top of this, thanks to social media platforms and search engines, it is a lot easier to verify claims the applicants might have made in regards to their studies, past employment or anything else that is considered relevant. LinkedIn is a website most professionals use and it could really help clarify and verify any claims you might be unsure that your applicant has presented you with.

Online video interviews have simplified the process

While physical interviews might be considered the best option by some interviewers, online video interviews have broken down barriers that were caused by distance and other responsibilities. Physical interviews meant that the person applying for the job had to be somewhere close to the company in order to be able to be employed.

By giving applicants the opportunity to have an online interview, the company shows that they are interested in working with remote employees. Finding skilled professionals to fit a position isn’t always possible if you’re only looking for people who will work in the same office building daily.

Interview scheduling tools have aided organization

Along with giving more opportunities for companies to interview people through video calls, interviews have also become a lot easier to schedule for all parties included. Online tools and calendars such as Google Calendar and Evernote allow their users to schedule events, create notes and set up reminders for every interview or similar event they have coming up. 

On top of this, these tools allow their users to share their notes with those involved, so they can also keep track of any changes or modifications that have been made. Rescheduling an interview and keeping track of all the dates has never been easier and this simplifies the process significantly.

Companies can manage remote workers effectively

By giving companies the opportunity to expand their horizons and look into hiring professionals from all over the world, technology has given them a way to better manage their progress in regards to their work. There is technically nothing that a manager won’t be able to do with a remote team worker, no matter the distance that separates them and that gives them the chance to not have to worry about the distance when deciding on hiring someone from a different part of the world.

Emails, video calls and online text messaging allow the team to be in constant contact without having to worry about not being able to communicate on time about anything that comes up. This way, employers can be certain that their remote workers are working efficiently and are delivering the results they should.

Potential employees can know more about their future employers

Last but not least, something that indirectly affects the hiring process for many companies is the fact that their applicants are able to have access to a lot of information in regards to their companies. Being transparent about their actions is something that will help a potential employee chose to want to work with a company, as they will seem much more trustworthy and professional.

Thanks to social media platforms, companies can easily create a good image of their brand and show the world their work ethics and ambitions in the form of daily posts and updates. As long as your company is transparent about its work-related activities, the applicants you will come across will be motivated to work hard and help the company keep its good reputation.

Making the hiring process more effective

Technology has given employers the opportunity to come in contact with people from all over the world and from different backgrounds. Finding skilled professionals to fill out a spot in a company has never been easier and it is all thanks to the various apps, tools, and services which help aid communication and organization between teams.

The hiring process has been made easier and hiring managers can rest assured that they will find just the employee they are looking for online. All they need to do is put some time and effort into getting to know how to use a few different online tools in order to make the interviewing process quicker and simpler.

Bio:

Donald Fomby is a professional translator for PickWriters and specializes in offering Japanese translation services. Showing others the beauty of learning a new language is one of his biggest passions and in his spare time he loves to travel the world and come in contact with new cultures.

Free image taken from:https://www.pexels.com/photo/ballpen-blur-close-up-computer-461077/

How Can Small Businesses Stay Relevant Today?

Small businesses are feeling the effect of major e-commerce retailers like Amazon. When consumers can one-stop shop from their smartphone or laptop, it’s hard to convince them to visit your brick-and-mortar store…or even your website. Is this the end of small businesses, or is there a way to stay relevant without going broke?

Adapting to the Amazon Era

Small businesses that fail to adapt to the way today’s buyers shop will feel the biggest pinch. As of 2019, online shopping accounts for about 12 percentof all retail sales. Even when shopping in-store, most consumers go online to find local businesses.

That means it’s more important than ever for small businesses to have a web presence. Even if your business doesn’t do e-commerce, a simple brochure sitegives customers a place to learn about services, locations, and contact information. If you are selling clothing, cosmetics, electronics, or another shippable product, a full-fledged e-commerce website can help you to grow your business’s reach and sales.

Websites aren’t effective when they’re not pleasing to look at or easy to use. Nearly half of all consumers say they gauge the credibility of a website based on its visual design. A smooth user experience matters too, and broken links or confusing navigation are enough to turn shoppers away. Don’t cheap out on this important business tool. Follow Upwork’s advice and hire HTML developers that have the right front-end and HTML coding experience to help you create a dynamic and engaging website that meets all your needs and serves your customers well. These developers should be experienced in web fundamentals (e.g., CSS, JavaScript) and in UI/UX design concepts. 

Can Free Shipping Be Affordable?

Small businesses that do have an e-commerce component have to compete with Amazon’s convenience, but they don’t necessarily have to mirror it. Fast and free shipping is important to customers, but small businesses worry it will cut into their bottom line.

Small businesses can compensate for slower shipping by providing accurate shipping estimates at checkout and emailing customers with tracking details as soon as an order is shipped. A package might take three to five days to arrive instead of Amazon’s one to two, but the prompt communication keeps customers in the loop and so they’re never left wondering.

As for shipping costs, the best approach is building them into product costs. Customers may be reluctant to pay an extra $10 at checkout, but they’re willing to spend 16 percent more on products at retailers who have superior customer experience. If you deliver in other ways, shoppers won’t blink at your slightly higher prices.

Delivering the Customer Experience

Businesses that want to charge a premium need to actually deliver on customer experience. Shoppers don’t hesitate to shun a small business when they have subpar service — one in three say they’ll stop doing business with a trusted brand after a single negative experience.

One service area where small businesses fall flat is efficiency. Consumers like shopping at small businesses for the personal touch, but they can get frustrated when they feel businesses don’t value their time. Improving order fulfillment and shipping speeds solves that problem in e-commerce, but shoppers are still dissatisfied with long wait times in brick-and-mortar stores. As tempting as it is to minimize staffing costs, an expedient, knowledgeable staff is the foundation of in-store customer service. Businesses can also show they value shoppers’ time by making returns easy and offering to ship items that are out-of-stock in-store.

Beyond speeding things up, small businesses can improve the experience through multi-channel customer service. Today’s shoppers don’t want to call for help. Instead, they prefer self-service tools like knowledge bases or social media. Hootsuite offers tips for keeping social media customer service manageable as a small business.

Your small business may never be a fraction of the size of Amazon, but that doesn’t mean you have to admit defeat. Buyers are still shopping at small businesses, but they’re growing choosier about where they spend their dollars. By delivering great service online and off, you can ensure your business stays at the top of shoppers’ lists.

Business Habits That Create Success: How to Stay on Track

For many professionals, staying on track when it comes to business can be tricky. There are many factors to think about and devote time to, from your family to your personal projects, and it can seem overwhelming at times to try and manage them all. However, there are some specific habits practiced by successful individuals that might help you stay on track. Whether you want to learn to manage your time more wisely or simply stay motivated, there are some small changes you can make to your routine that will help you stay on track. 

This is especially important for entrepreneurs who are just starting out, as it takes a lot of drive to be successful in such a competitive market, where so many startups are gaining ground. Keeping your business and personal finances separate, building your credit, and making contacts in the industry will help you keep your goals at the forefront.

Keep reading for some great tips on how to create successful business habits.

Make the Most of the Day

Some of the most successful individuals are early risers, and there’s a very good reason for that: the more daylight you have, the more you can do with the day. Fill up those hours with productive activities and plan out your goals so there’s no wasted time. Take meetings and appointments, stay on top of communication with your contacts, and get as much done as you can before 6 p.m. This way, you can go home with the knowledge that you made the most of the day, and the peace of mind that will help you relax and recharge for tomorrow.

Try hiring a maid service like these in Chicago and New York City! You can focus more on your work and less on the dust!

Manage Your Finances

There are few things more stressful than not having your finances in order. Whether it’s your personal bank account or the money you’re going to use for your startup, having everything organized will not only help you stay on top of your business needs, it will keep you in the good graces of the IRS as well. Always keep your personal and business accounts separate, keep receipts for every transaction (and keep them neat and organized by date), and make sure you have a firm budget. However, if you feel like you’re coming up short, consider looking into a business loan to help you through the tighter times. That said, it’s very important to read up on how interest rates work to ensure you know precisely what you’re getting into, especially since percentages can vary depending on the lender.

Network

Networking is essential for those who want to remain successful in business. Not only does it help you garner a following, you’ll also find peers who can help out when you find yourself stuck in a hard place, and having that kind of support will go a long way towards keeping you on top of your goals. Go to conventions, talk to other small business owners in the area, and make social media your go-to for managing relationships.

Surround Yourself with Good People

Surrounding yourself with people who are trustworthy and have similar goals to yours will help you delegate with ease, and that’s one practice of successful business people that will never change. You can’t take everything on yourself, and doing so will only lead to burnout. Give yourself a break now and then and allow the people on your team to help out.

Staying on track in the business world can be tough, especially with all the distractions we face on a daily basis. However, following these successful business habits and sticking with a routine can help you reach your goals with minimal stress and keep you looking forward.

How Extendware Will Migrate You From Magento 1.0 to 2.0 and Include 2.0 Extensions ( for free)!

Just when you thought you had all the right Extendware extensions for your Magento 1 store, Magento rolled out the 2.0 platform! In order to keep up with the times and the new Magento features, it would make sense to migrate to 2.0, but how much time and money will this take. Not to mention, now you need all new extensions!

Start with a Free Quote!

Do you need your website migrated from Magento 1.0 to 2.0? Do you love your current Extendware M1 Extensions but don’t want to have to buy new ones just for 2.0? Let us handle all of that for you.

Migration is not an easy task, but our Magento trained team can make it an easy and flawless process. Our migration services start at 4.5K and we will include a free 2.0 upgrade lifetime license on any 1.0 Extendware extension that your currently own, saving you hundreds on new licensing!

Magento 1.x can not easily transition to 2.3. A migration of the existing data from the 1.x installation to a new 2.3 installation needs to be done. Themes and extensions for Magento 1.x can not be used in Magento 2.x. The move to version 2.x is major change and may not be possible at this point if extensions you use are not available for the new version yet.

The good news is that Magento 1.0 will continue to be supported through at least 2019, so there is not a need to rush to the new 2.0 platform, but we are here to do that for you if you are ready! (Running an older version of Magento 1.0? We can upgrade you to the latest version, just ask!)

Please see here for a list of hosting requirements.

Let Extendware Take the Leg Work Out of Migration While You Get Back To Running Your Business!

Characteristics of a Successful Entrepreneur

Many people believe that being an entrepreneur is just about starting a business, but there are many other facets of the career path. Entrepreneurship is about building value for yourself, your employees, and your customers.

It takes years of hard work, accomplishments, and failures before it can pay off. Many new start ups and business ventures actually fail within the first 18 months. Starting a business is difficult, but many succeed by following some important tips.

Skills and knowledge can vary from company to company and industry to industry. It is important to have these attributes in your various niche, but other factors will make a big impact. In todays world, you need to be a technically savvy, and for certain businesses, will need to have necessary programming experience. For other companies, you may just need to be savvy at talking and interacting with people.

There are certain personality characteristics that define a successful entrepreneur. Temperament and mental fortitude are what set them apart from those who fail and the even bigger group of people who never try to start their own business.

Regardless if you are starting a law practice, a pilates studio, or a tech startup, all successful entrepreneurs share a few key personal characteristics that differentiate them from the rest.

Having a Vision

Having a long term vision is key in entrepreneurship. As the leader of your business, you will be the one who needs to cast a vision for your entire company. You’ll need to set the vision for the team, for your customers, and perhaps even for investors. This requires the ability to think strategically and long term about your companies potential in the future. It could be imagining a larger role for your company than just the service or product it provides.

Having a successful vision is motivating and will push you to perform at your best, even when times are tough.

Resourcefulness

Entrepreneurs need to find ways to scale their time and effort. They wear many hats, so you’ll often need to learn new things quickly and find ways to maximize your time. Other strategies are to rely on other people and technology to help get more done.

Use of technology is important for entrepreneurs as it enables them to find ways to reduce workload and accomplish more every day. It can also be used as a resource for quickly learning new skills or knowledge. Some great examples are automated appointment booking and reminder systems like social media marketing and automation like Hootsuite, automated appointment booking and reminder systems like Appointment Reminder, or do-it-yourself website building and hosting like Bluehost.

Decisiveness

As an entrepreneur, you’ll need to make tough decisions almost every day. The ability to quickly decide on everything from how to price your product or service to where to invest your profits or how to deal with an unforeseen crisis are critical.

It is important to find ways to quickly and easily analyze possible scenarios and make the best decision. Allowing yourself to this will allow you have to be able to move on with your day.

Sales Driven

Sales is an important factor, regardless of the type of business. Even if you’re not selling a product or service directly, you need to be able to sell your business to just about anyone. Partners, customers, clients are all important in sales. You need to be able to speak intelligently and passionately about what you do and why you do it.

Not being afraid to fail or face rejection means being able to keep composure in the face of roadblocks or tense negotiations.

Adaptability

As an entrepreneur, you should be prepared for change at all times and be ready to adapt to what comes your way and tackle new challenges. This means you also need to be willing to change your vision if you determine that it’s not viable.

There are many start ups that begin their business headed in one direction, realize that they are not hitting the need of customers, and totally redirect. It’s adapting to the environment, and what people want, even if it’s not the original vision.

Responsibility

When you are an entrepreneur, your company’s wins or losses will ultimately be attributed to your decisions and actions. Which means you have to be able to not only own that burden but also be willing to take responsibility for all your employees.

Being responsible is one of the primary roles of any entrepreneur. If you’re not taking charge, there’s no one behind you to pick up the slack.

Risk-Taking

Entrepreneurship is all about taking a bet. You’re betting on yourself, your product or service, and on your team. Whether you’re taking on loans to finance growth, putting your personal savings into the company to get it started, or deciding whether to hire another employee, you will always have risk associated with running a business.

As an entrepreneur, you must embrace risk and be driven by it. You can not be afraid. You must have confidence enough to face the risk every day and keep doing the work that needs to be done.

How Building eCommerce Apps is Different From Other Mobile Development Projects

Mobile e-commerce sales composed 34.5% of the total e-commerce sales last year, according to Statista, and this number will keep getting bigger. So if any retailer has not yet gotten a personal mobile app for their store, now it’s time to start thinking about one.

The process of developing an eCommerce mobile application is basically the same as for any mobile app. What differs is a set of components, that differentiate an eCommerce app from a game or any other application and allows it to conduct financial transactions and handle a big number of requests.

Payment gateway

A payment gateway is an essential component of any mobile e-commerce app. It is a service that helps users affect a payment and guarantees the security of in-app financial transactions.

The payment process within a mobile app goes as following:

  1. The user enters the payment details into an app form
  2. The app sends the information to the payment gateway
  3.  Payment gateway service encrypts the data and sends it to the issuing bank.
  4. The bank processes the request and either accepts or declines it.
  5. Upon approval, the payment is debited from the buyer’s card and is transferred to the seller.

There is a variety of payment gateway providers, with PayPal leading the list. Other popular and convenient services are Braintree, Stripe, 2Checkout, Amazon Payments.

One of the things to consider is to choose either a dedicated or aggregated merchant account. A dedicated account will grant you more control over your funds, like accelerating the speed of money transfer operations or adjustment to the customers’ needs, but this option is more expensive and complex. An aggregated account, on the other hand, offers faster and easier access to your account but keeps your funds together with other merchants’ funds.

Another crucial point is PCI DSS compliance. It does not matter whether you purchase the most expensive payment gateway system or the least expensive one, your app will have to comply with the Payment Card Industry Data Security Standard. It is necessary for enhanced card information protection and security.

Analytics integration

Since your app is all about sales, you need to know the behavior of your customers and track their activity. As well, you have to know about your sales and store performance to adjust the marketing strategy correspondingly. For that, you must incorporate an analytics tool within your mobile app.

The most popular choice would be Google Analytics. It allows tracking screen activity (the most popular screen, duration of visits, etc.), events (button clicks, swipes, ad clicks), performance of individual products or categories and more. Due to the popularity of the tool, Google offers a ready integration solution for Apple Market and Google Play.

Synchronization with the website

A business mobile app does not necessarily have to 100% reflect the website. It may be supportive or carry a gamification function – but not when we speak about an e-commerce mobile app.

Once you synchronize your app and the website, it would significantly save your time on implementing any changes within a store. Instead of doing double-work, you will be able to perform the actions simultaneously on both platforms.

You can integrate the app with the website via the API or with the manual file upload. The first option is faster and smoother and you can set up your store to notify the server every time any change is applied.

Integration with social media

Social media is today’s most powerful tool to reach your customers and communicate with them. For the mobile app, it performs several important functions.

Social media is a great promotional tool as it allows users to interact with your brand and share it on personal profiles. But for e-commerce, it plays a more significant role.

Users tend to abandon their shopping carts due to the lengthy registration process. The integration of social media enables a one-click registration and decreases the abandoned cart rate.

Visual merchandising

Visual merchandising implies creating an attractive display of products in order to engage the customer and motivate them to buy from you. Speaking in terms of an e-commerce app, visual merchandising will be reflected via the app design and UX/UI.

Do not underestimate the role of a good design. Carefully selected design elements can encourage to interact with a product much more than a promotional email. The design of the application should reflect your brand, its message, relate to the target audience and communicate the overall nature of the brand.

The in-app navigation plays a significant role too as it will be responsible for the customer’s intent to buy. If the action takes too many clicks, the user will most likely stop doing it. So your primary task is to make navigation as natural and hassle-free as possible, allowing your customer to enjoy a buying experience.

Wishlists

Though seemingly obvious, wishlists remain a powerful tool to retain existing customers and attract new ones. The incorporation of a wishlist within your app will help you encourage users for a purchase, actively interact with your products and offer more personalized suggestions and recommendations.

Depending on your store, you can integrate either a single or multiple wishlists and categorize them (i.e. Christmas wishlist). One important thing is to enable an option of creating a “guest wishlist”: for that, the user will only need to provide an email address in order to access the wishlist from any device.

Wishlists, same as product carts, have to be visible and easily accessed and managed. Otherwise, there is a high risk of the users abandoning the order and leaving the app.

Integration with ERP and CRM

Your business solely depends on your customers and, thus, you have to efficiently manage your client base. For that, companies utilize Customer Relationship Management systems that allow storing customers’ data, analyzing it and using for future company development and sales growth. The analysis of the customers’ demographics and buying behavior contributes to tailoring one’s marketing strategy in order to meet the exact buyer’s needs and increase sales.

Another system that is crucial for any business is ERP – Enterprise Resource Planning. This system is incredibly complex and involves not only customers’ data but also information about all business processes. ERP contributes to smooth business management and helps to improve the company’s performance.

Since mobile application serves as a source of valuable information about the customers and their buying behavior, it would make sense to integrate the CRM and ERP systems into your application (a Magento agency will help do that). By doing so, you will centralize all your processes, coming from both the website and mobile, and will be able to keep an eye on all business flows and adjust them, if needed.

The above-mentioned features are specific for the e-commerce mobile apps, but another functionality is somewhat similar to any other application. It will depend on the type of goods/services that you offer, your target audience and other factors that should be outlined in advance before launching the app.

Irina Linnik a marketing specialist at Onilab – a Magento troubleshooting company. Being a savvy e-commerce observer she always keeps abreast of innovation and covers the latest industry trends.

Irina has over 5 years of experience in freelance writing and has helped numerous companies communicate their message across various channels.  

 

 

Magento 2.0 Training Course

Here at Extendware, we are excited to introduce our new 2.0 Magento Extensions!  We will be adding new extensions monthly and will continue to use the same quality dedication, to make you the best assets for your Magento store!

Magento 2 is very advanced and extremely solid php driven e-commerce platform. However, such a solidity has a side effect. It’s not easy to understand how everything works and organized in Magento 2 from the user standpoint especially of you had no experience with previous version of e-commerce platform, Magento first edition.

We would like to introduce you Magento 2 Essential Video Training where this “side effect” of Magento 2 is addressed. This user oriented training made by Alex Kostritsa, gives merchants, marketing managers, and other admin users the basic information they need to manage Magento 2 store. Such Magento 2 course will make your Magento 2 experience smother and effective than if you decide to dig into everything by your own.

Magento 2 Essential Video Training splitted to 3 major chapters:

Chapter #1: From this chapter you will learn how to select hosting and install Magento 2. What useful software to consider and how to install store sample data.

Chapter #2: The major section where author highlight the basic features needed for day-to-day operations. You will learn how to manage all type of products, categories etc. You will also understand how to work with attributes and attributes sets. And of course, basic marketing and tax related features are covered in this chapter.

Chapter #3: Last, but no least chapter is about adding extensions, templates as well as do other sort of tune-ups for Magento 2.

If you are looking for step-by-step  that will help you to learn basis, this video course made by Alex is a great choice!