Blog Break – The Year in Review

Today marks the final post for Jackrabbit in 2011.

We would like to reflect on our year and enjoy the things that are truly important during this holiday season: Family, Friends and the Joy of the Season.

We’ve reviewed the article statistics for 2011, identified the reader favorites and provided them below so you won’t miss out on the Top Five for 2011.

Six Things I Know for Sure About Having a Successful Business

Online Registration is an Operational Game Changer

4 Top Banking Mistakes Common to Small Businesses

Front Office Customer Service Tips

How to Easily Add Social Media into Your Marketing and Branding: S.T.E.P. Your Way to Success

Enjoy reviewing our most read posts from 2011!

Jackrabbit Technologies Recognized as 17th Fastest Growing Private Company

Class Management Software Provider Earns Honor as One of Charotte’s Fastest Growing Private Companies 

CHARLOTTE, NC– Jackrabbit Technologies, leading provider of web-based solutions for youth activities centers, was recently recognized 17th on the list of Charlotte’s Fastest Growing Private Companies at the Charlotte Business Journal’s Fast 50 luncheon hosted at the Westin Hotel. The Fast 50 list is created from nominations submitted to the Business Journal each year on behalf of hundreds of companies across the Charlotte metro area. Each company’s position is determined by its growth percentage maintained over a three-year period, illustrating their abilities to move forward in spite of adversity.

“It is indeed an honor to again be recognized in our region’s Fast 50 list. Our growth is driven by client satisfaction and this is a true indicator that we are focused on helping our clients reach their greatest potential,” comments Mark Mahoney, Jackrabbit’s President and CoFounder. “I’m proud of our team for their consistent excellence and passion for keeping the best interests of our clients a priority.”

At right - some of Jackrabbit’s team members join CoFounders, Mark Mahoney and Mike Carper, in celebrating the company’s award. 

Each year the Charlotte Business Journal honors the 50 fastest-growing private companies in the region that have achieved outstanding entrepreneurial excellence and leadership. These companies bring best practices to the table in their respective industries, offering the their peers opportunities to listen and learn.

How to Motivate Employees in a Small Business

Keeping employees motivated in a small business environment can sometimes be challenging. Small businesses don’t have the big budgets that larger firms have to spend on incentives and team-building exercises. In addition, employees in a small business are often required to fulfill more than just one role. This is because small businesses cannot afford separate employees for various areas of expertise. They need employees to be able to multi-task in order to remain efficient in their operations. These things therefore create a whole new set of challenges for employers in terms of keeping employees motivated. Here are some ideas that you can implement in your small business.

  1. Clearly Define Your Expectations

When employing new team members, brief them properly on the business and how you operate. Clarifying your expectations up front can help employees from feeling disillusioned further down the line. Let them know what their core role will be but also discuss other areas of the business that they may be required to help out in from time to time. Share some of your passion for the business as well as the vision that you have for its growth and how they fit into that. When you make employees feel that they have an important role to play in the business, they will feel more valued. When they buy into the vision you have for the business, they will feel self-motivated to do the best they can to help the business grow. Rather than just seeing themselves as an employee, they can see themselves as part of an exciting project and business opportunity.

  1. Be Reasonable in Terms of Working Hours

Even though working hours are regulated by law, many corporate companies have a culture that if you don’t work overtime, you won’t get ahead. Often the overtime is not rewarded financially so the employees never really benefit. You will have happier and more productive employees if you stick to reasonable working hours. When employees do work overtime for special projects, take the time to acknowledge their efforts and thank them. If the business can’t afford to reward them financially, offer them a day off or be flexible when they need time off to attend to family matters. Letting employees know that you understand their needs and appreciate their efforts will go a long way to keeping them motivated.

  1. Simplify the Work Process

Nobody likes to get bogged down under paperwork and administration. Today, with the many software systems available, it is possible to run an almost paperless office. Put systems in place that help employees fulfill their tasks and responsibilities more efficiently. You may have an automated pricing system that can help them get quotes out more efficiently. You could have a customer relationship management system that helps everyone in the company keep on top of sales and client management. Another system that helps to improve office efficiency is online faxing. Online faxing works off a fax server and allows faxes to be sent directly from the employer’s personal computer. This saves time for the person sending the fax and saves money for the business owner. The online faxing system can also help you improve your customer service levels.

  1. Reward Work Efforts

Salaries and wages are often expected by employees and therefore not really seen as reward for their work. Unfortunately, many employers feel that a paycheck is thanks enough and that they do not need to acknowledge work efforts in any other way. However, often affirmation or a simple word of appreciation can go much further in terms of motivating employees. It doesn’t have to be a huge award ceremony but something that acknowledges their efforts publicly will make employees feel that they are achieving a level of success. Not everyone has the aspirations to be a business owner or top management but many people want to feel that they are doing well at their job. When employees feel successful, they tend to put more effort into their work and are more motivated to do well.

  1. Provide Employees with Opportunities to Grow

Sending employees on training courses benefits both your employees and the business. You will be empowering your employees and at the same time bringing new skills and knowledge into the workplace. When you train employees, you are saying that you see potential in them that is worth developing. This can help to keep them motivated in the workplace and always on the lookout for opportunities to learn.

Budgeting Tips & Tax Notes from Sean Dever CPA

Budgeting Errors to Avoid

When it comes to creating a budget, it’s essential to estimate your spending as realistically as possible. Here are three budget-related errors commonly made by small businesses, and some tips for avoiding them.

  1. Not Setting Goals. It’s almost impossible to set spending priorities without clear goals for the coming year. It’s important to identify, in detail, your business and financial goals and what you want or need to achieve in your business.
  2. Underestimating Costs. Every business has ancillary or incidental costs that don’t always make it into the budget–for whatever reason. A good example of this is buying a new piece of equipment or software. While you probably accounted for the cost of the equipment in your budget, you might not have remembered to budget time and money needed to train staff or for equipment maintenance.
  3. Failing to Adjust Your Budget. Don’t be afraid to update your forecasted expenditures whenever new circumstances affect your business. Several times a year you should set aside time to compare budget estimates against the amount you actually spent, and then adjust your budget accordingly.

Key Tax Cut-off Amounts

Three changes in 2012 Tax Filing details to make note of …

  1. The value of each personal and dependent exemption will increase $100 to $3,800 in 2012.
  2. The new standard deduction is $11,900 in 2012 for married couples filing jointly. Individuals and married people filing separately will see the standard deduction rise to $5,950 and the standard deduction for head of household rises to $8,700. Nearly two out of three taxpayers take the standard deduction, rather than itemizing deductions.
  3. Annual gift tax exclusion remains at $13,000 in 2012. The basic exclusion from estate tax amount increases to $5,120,000, from $5,000,000 in 2011.

Tips and Notes provided by Sean Dever CPA. Sean provides personal service and expertise at affordable rates for business owners, executives and independent professionals.

Fall West User Conference Notes

On the heels of the Fall East User Conference’s phenomenal attendance and participation, its West counterpart exceeded expectations!

The Fall West User Conference hosted a record number of attendees that include participation from 160 clients. Each conference brings new challenges in providing the right amount of space for excited attendees. We had 15 who were on a waiting list and hoped for cancellations so they could attend! Jackrabbit client and partner, Frank Sahlein, gave a presentation on customer service that provided valuable information for improvements that apply to all types and sizes of organizations.  One-on-ones with Jackrabbit team members continue to be very popular at each event.

If you’re trying to decide on your User Conference plans for 2012, consider Leslie Tyler’s post on Jackrabbit’s Facebook page:

“We had a great experience at Jackrabbit Conference in Las Vegas. This was our 2nd year to attend. It helped to review – we found more reports we could be using. We learned more about Costume Management. We already love that feature. We order approximately 1300 costumes, letting the system auto-size the kids. It is easy for me to go back through and check items. Thanks to all the friendly, knowledgeable staff of Jackrabbit!”

2012 plans are to host an East User Conference in Charlotte in March and a West User Conference in Las Vegas in October – so mark your calendars and get your registration in as soon as they open so you won’t be on a conference waiting list. See other West User Conference photos on Jackrabbit’s Facebook page.

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