Home Depot Improves Small Businesses with Easy Access to Business Services
“Small businesses from a variety of industries, not just contractors and remodelers, are finding that the Business ToolBox has the services they need at a discount,” Jim Stoddard, Senior vice president of Growth Initiatives for the Home Depot, said in a prepared statement. “We have floor installers using it for payroll and CPAs using it to purchase office equipment. It’s a program that can save any small business time and money.”
Small businesses typically pay up to 20 percent more than large businesses for the same services. Business ToolBox allows them to take advantage of cost savings and discounts on services such as payroll processing, business insurance, credit card processing, wireless telecommunications, uniforms and logowear, computers, shipping, office supplies and more, comparable to cost savings and discounts available to large companies. Home Depot’s Business ToolBox also provides members with a single point of contact for all their needs, either through a dedicated web site at https://www.hdbusinesstoolbox.com/default.aspx or a single toll-free telephone number (866-333-3099).
A recent survey of Business ToolBox members found that nearly half of all members joined to save money. The survey also indicated that 38 percent of members plan to use the Business ToolBox health insurance program to meet their health insurance needs. Twenty percent of members responding revealed they joined because the ToolBox offers benefits they could not find elsewhere and 18 percent joined to save time so they could focus on their core business.
Among the business services offered are:
- Health Insurance and Benefits
- Business Technology and Solutions
- Computers and Technology
- Wireless Communications
- Business Insurance
- Payroll and Credit Card Processing
- Direct Mail Services and Shipping
- Work Apparel and Uniforms
- Print and Document Services
- Office Supplies and Business Checks
In addition, no matter what type of business a member is in, he or she can save countless hours by downloading free management tools designed specifically for their business, including sample business plans, human resource forms, lists and letters, financial forms, and employee management and motivation tools.
According to the National Federal of Independent Business survey, health benefit costs are the number one problem facing small businesses today. A report issued last year by the Kaiser Family Foundation reported that the average premium for employer-sponsored health coverage rose 9.2 percent between 2004 and spring 2005, which, although down from the previous year’s 11.2 percent, was still significantly higher than the overall inflation rate of 3.5 percent. Small businesses, lacking the bargaining clout of larger businesses, often get hit with bigger increases. The U.S. Chamber of Commerce claims that almost 60 percent of the estimated 45 million uninsured Americans work for small firms.
The Business ToolBox survey revealed that 71 percent of members consider health insurance and benefits to be an important issue. Home Depot’s Business ToolBox offers an industry-leading insurance solution with benefit individual or group coverage options for major and limited medical, dental, vision, and discount programs available in all 50 states.