Large corporations Helping Small Businesses - Sam's Club opens the way

15.09
Large corporations Helping Small Businesses - Sam's Club opens the way -

When small enterprises interact with large companies, they make changes that improve their organizational structures, management practices and operations. These changes lead smaller firms to upgrade their technology, increase efficiency, and above all, become financially stable. As a result, income is becoming more coherent, enabling these companies to add new jobs .

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On his quest to honor father is founder, Sam Walton, one chain member of retail, club Sam, made some innovative and compelling changes. As of April 21, 2015, the retailer announced five additional offers, which he believes can save members up to $ 2.300 per year.

Many members of the Sam's Club are small business owners. The initiative is to help them grow their businesses and save money. First, in collaboration with Web.com , Sam's Club will provide digital marketing services for small business owners, 50 percent, according to Web.com , have no online presence now, in this moment. Sam plans to consolidate five different plans to design a website, email marketing, social media strategy , including do-it-yourself (DIY) and do-it-for-me (DIFM) options.

The next Sam project is working on the processing of payments with First Data, which will provide technology and mobile payment options with plans starting at $ 19 per month selling point is .

Some business owners struggle with accounting, so that Sam has also partnered with 1-800Accountant to provide tax planning services throughout the year, as well as digital platforms for accounting. And businesses need loans, the retailer plans to launch Business Lending Club Centre in its Sam next week. The loans will be offered in amounts between $ 5,000 and $ 350,000 in capital through loan lending companies and Club SmartBiz SBA loans.

In addition, Sam's Club has partnered with LifeLock, a company that provides risk identification and assessment of the creditworthiness of companies. Sam plans to provide annual coverage at reduced cost by 25 percent.

Although these new business-related services are largely online, the company plans to make live experts in each field available around the clock.

Additional Ways corporations can help small businesses

identify and support talent . Once the big companies have identified the best performers in an industry, they can mentor talented entrepreneurs through supplier development programs. Some state governments may also sponsor programs to strengthen the management capacity of the high potential of small businesses to improve their growth and competitiveness.

Provide financial support . Small businesses need support to meet the needs of large enterprises. Payment processing can be extremely expensive for small businesses. A loan from a company could help capital to intensify their systems, allowing them to take their first big contract.

Make shopping easier . Small businesses would be "in the know" about the acquisition of information on the major companies of the procurement process, which is the act of purchase of goods or services. It is a challenge for small businesses. Companies that provide web site with basic information about the goods and services they need and contact information of the procurement officer is useful for small business owners to know where to start

Conclusion :.

small businesses are undoubtedly the lifeblood of the economy of our country. They are essential to generate jobs here in the US as well as overseas territories. Large companies can play a vital role in the success of small businesses. September 10 in small businesses grew in turnover and size within two years of becoming a part of the base of the company's suppliers, as indicated in a Center for the Urban Future study . Bottom line :. when large companies share and work with small businesses, everyone wins

What other ways can large companies help small businesses succeed? Share your thoughts below.

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