Category: Financial Literacy and Money

Forever Local: Remembering Your Roots In Business

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Most businesses once they grow, need to change geographic locations. It’s important though not to completely leave your location of origin and leave some of your operations there. The following contributed post is thus entitled, Forever Local: Remembering Your Roots In Business.

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When a business finds success and begins to grow, it is very rare that they will remain in the same place that they started. In the pursuit of better opportunities, employees, and even property, companies will move far and wide when they are becoming something larger. Of course, though, the place your venture originally called home shouldn’t lose its importance simply because you’ve moved on. The people in this area helped to drive your early years, and this makes it worth working to give something back.

One of the very best ways to achieve this goal is by keeping a portion of your business where it started. While this could cost more or prevent you from accessing certain services, it will provide the locals with jobs which they could be in dire need of. It will stimulate the economy, giving other small businesses the chance to flourish, while also making public services, like education, just a little bit better. Not a lot of people consider the impact a single business can have. In reality, though, an organisation like this can drive a town by simply doing its job, making this a great way to contribute without making a special effort. As time goes on, the importance of this sort of act will become far more clear.

Of course, though, it may not be feasible for you to remain in your home area, especially once your company becomes too large. In this case, you won’t be out of options to help you to give back, but you will have to be a little more active in your approach. Most cities and towns will have their own sports teams, schools, and other efforts which don’t get enough support. By sponsoring these groups, you can provide much-needed resources to people who would otherwise simply have to live without. This may seem like a small gesture, but it can have a real impact on a place, bringing people together and opening the doors for greater inclusivity.

Life isn’t always easy, and a lot of places around the world are feeling the impact of climate change, at the moment. With homes being destroyed, people finding themselves displaced, and help hard to come by, natural disasters can have a devastating effect on your local area. Cane Bay Partners make a great example in this sort of case, supporting their home Island, St. Croix, by providing aid. People often need all sorts of help in times like this, ranging from food and water to medical care. When you have a business behind you, you have the chance to provide far more than an individual can.

With this in mind, you should be feeling inspired to go back to your roots a little bit with your business. Of course, while this is a great way to show your appreciation, it is always down to you to choose whether or not you’d like to do this. Not a lot of people have the chance to give back like this, making this a great opportunity.

Ways That Taking Your Business Digital Can Save Time And Money

Three of the focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. In our current digital age, many tools are now used to conduct business and commerce. Not adapting and incorporating these new methods could ultimately cost you time and money. How do you not lose your competitive advantage? The following contributed post is entitled, Ways That Taking Your Business Digital Can Save Time And Money.

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Saving money is the goal of many businesses, especially smaller companies still looking to find their feet. Digital solutions can give your business a boost and help you to save time and money, freeing up both to focus on the more strategic side of your business. If you’re not making the most of digital technology for your business, take a look at some of the following ways that taking your business digital can help.

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Cloud working reduces clutter and commitment to an office

With cloud computing solutions, you can take your business anywhere, allowing you to easily work in any location. Cloud computing also helps you to work with employees in remote locations, making it easier to hire freelancers to help you carry out different business functions. Take a look at cloud storage solutions that will benefit your business and provide it with extra security at a low cost.

Turn your HR digital

Managing HR functions can be difficult, and with more importance being placed on personal data protection than ever before, you need to implement systems that will keep data secure and make HR easier to manage. The ServiceNow HR module is a useful tool for businesses that will make managing cases simple and makes it easier for employees to access vital information. Digital transformation can be a tricky process, but with the right system, the process becomes much simpler.

Embrace digital marketing

Traditional marketing methods are becoming more and more expensive. Television and press ads can be a large expense for businesses, with a shorter exposure period. Digital marketing, however, provides you with several possibilities to engage with audiences, at a much lower cost. With digital marketing, you can create campaigns easily according to your own budget, helping your business to save money.

Save on your travel costs

Traveling to meet clients, colleagues and conferences can soon eat into your budget, but it doesn’t have to. Using video conferencing services can change the way you do business, helping you to have face to face meetings without having to spend time or money traveling. The quality available from video conferences is amazing compared to what it was even a few years ago, helping to make communication easier for your business.

Use online project management tools for better productivity

Managing projects is easier than ever thanks to online project management tools. Manage deadlines, assign tasks, collaborate and more to help your projects run more smoothly. Project management tools are great for businesses of all sizes, and can boost productivity across your teams.

While there are benefits and dangers associated with technology, there’s no doubt that it can save time and money for your business. By exploring the different tools and applications that exist, you can find some excellent solutions for your business. Take advantage of free trials to help you choose the right digital solutions for your company, and let digital transform the way you work.

Freshen Up Your Business By Taking To The Road

The first principle of my blog is Creating Ecosystems of Success, and two key focuses are Financial Literacy/Money and Business/Entrepreneurship. Sometimes a change of environment can be very valuable for the creative process. The same is true for developing your business. In some instances going on the road can lead to growth. The following contributed post is thus entitled, Freshen Up Your Business By Taking To The Road.

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Sometimes it feels like inspiration is all around, but at others, it feels frustratingly elusive. But if you want to continue to develop your business, then you need to be a source of innovation and ideas. While there are things you can do to feed your creative side when you’re in the office, a better idea may be to take to the road. It’s never been easier to leave the office behind and work somewhere else for a while! And you might just find that you’re returning with a chest full of ideas.

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Where to Go?

First thing’s first: where do you want to go? In this day and age, all you need is a place with an internet connection, which you’ll find more or less everywhere you would realistically travel to. Finding the right place will depend on what you’re hoping to achieve while you’re away. If you want to be inspired by what others are doing, then choose a city. If you want to work on a solo project, then a cabin out in nature would be a good choice. If you simply want a change of scene that allows you to work and relax, then a beach destination would be right.

What You’ll Need

Of course, you can’t just turn up and get down to work. When you’re in the office, you have all the resources, documents, and employees you need to work efficiently; when you’re in unknown lands, these won’t be as readily accessible. But with the right tools, you can make it seem like you’re in the office. Work with a company that offers cloud hosting services, and you’ll be able to access your important documents from wherever you are. It goes without saying that a reliable, secure laptop is also essential, as is choosing a place with internet fast enough to work efficiently.

Connecting with Others

If you’re going to surround yourself with new people for a while, you may as well see what they have to say! If you’re in a large city, or a place with a large digital nomad presence, then you’ll have no trouble finding like-minded people. Consider working in a co-working space for a day, or take a look at sites like meetup.com – you’ll usually find events aimed at business owners in there.

Time to Unwind

While you’ll want to have your main focus on getting work done, don’t forget that you will have time to relax! We can get a bit frazzled when it comes to work, even when it’s going well, and it’s always worthwhile practicing relaxation – it’s just that it’s much easier when you’re in new surroundings, and you’re excited to do everything it has to offer.

Returning Back

You’ll hopefully return to the office refreshed and with a lot of new ideas to put into practice. Make sure you’ve made thorough notes while you’ve been away! Set aside some time in the first week to talk through the plans with your employees, and get down to work.

3 Software Programs and Apps That Can Improve Your Life, Rather than Steal Your Time

Two of the major focuses of my blog are Financial Literacy/Money and Technology. While there is a danger in becoming too consumed by the new technologies available to us, many of them can help improve our lives. Which ones are particularly helpful? The following contributed post is thus entitled, 3 Software Programs and Apps That Can Improve Your Life, Rather than Steal Your Time.

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The modern world is rich in technology so advanced that it would have been unimaginable to the average person even just a few short decades ago.

No matter what our interests in life are, and no matter our jobs and hobbies, it’s possible to vanish down a bottomless rabbit hole of endless information, stimulation, and entertainment, at the drop of a hat.

But while many modern technologies have brought with them immense benefits — such as the ability to communicate with our loved ones on the other side of the world, or to acquire a Windows 10 pro key and create an entire business structure within days — there are plenty of downsides to be wary of.

There are predatory companies out there, and exploitative apps, games, and software programs that have been designed to hijack our consciousness and trap us in a psychological feedback loop.

Here are some examples of software and apps that can help you to improve your life, rather than just serving as a timesink.

RescueTime — to reduce procrastination and enhance your awareness of how you’re spending your time

If you’re even just so much as slightly inclined towards procrastination or a disorderly lifestyle, having a computer with an internet connection is something akin to leaving a hungry child unattended in a candy shop.

Human attention is easily hijacked by novelty, probably because in ancient days, noticing novel information could mean the difference between life and death. Is that odd shape in the pushes a vicious wild animal, or a tasty meal?

These days, Google, Youtube, and social media offer a never-ending stream of novelty, meaning we easily fall into a cycle of endless surfing.

RescueTime is a service and software program that can help to free you from that vicious cycle of procrastination and enhance your awareness of how you’re spending your time. It combines an activity tracker, with a web blocker, report system, and more.

Beeminder — to help you stick to productive behaviours and avoid unproductive ones

We are all largely defined by our habits, and we tend to revert to our familiar behaviour patterns whenever we zone out a bit or are put under stress.

For that reason, it’s a very good idea to carefully focus on developing productive behaviours, and avoiding unproductive ones. Repeated often enough, good acts become good habits, and bad acts become bad habits.

Beeminder is an innovative service that allows you to set habit goals, which you then commit to with your money. Every time you stray off course from your desired habit, you pay exponentially more in penalty fees.

You Need a Budget — to give you a clear bird’s eye perspective of, and control over, your financial life

Good financial management can be tricky, especially when it’s so easy to buy all kinds of glossy, attractively-advertised products online with a couple of mouse clicks.

You Need a Budget — also known as YNAB — is a budgeting tool build around the principle of “zero-based budgeting” and “giving every dollar a job”. It’s relatively straightforward to use, and it can give you a crystal clear perspective of what’s happening with your financial life.

That in turn, of course, gives you a lot more power over your financial life.

Updating The Appearance Of Your Online Business

Three of the focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. In today’s digital world, you online presence is your new store in many cases. As such, it’s important to periodically update you site so that it’s appealing your potential customers. The following contributed post is thus entitled, Updating The Appearance Of Your Online Business.

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In the competitive world that is business, having an online business has really come to the forefront, and now many companies are opting to turn digital, to follow the trend of technology and the internet. So if you have an online business yourself, it’s important to keep updating it so that you remain ahead of your competition and grow your company. Here are a few tips to get you started!

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Reassess Your Goals

It’s something you don’t need to do online, but it’s important to bring your focus back to your goals for the business. Whether that’s long-term or short-term, it’s always good to come back to them and see if you might want to change them or create new ones. A lot can happen in the space of a few months, so it’s pretty easy to forget about your initial objectives.

And if you haven’t already, think about what you want to achieve a year or so down the line. Dream big and don’t be afraid to challenge yourself.

Give Your Website A Refresh

You should have a website for your online business, and if you don’t, then you really do need to get one. A website puts you on the map and gives you a little space in the big world wide web. This is the platform where you’ll probably attract new potential customers and clients, so it needs to be professional. Therefore, you want to give your site a refresh every now and again just like updating the interiors of your home. Apps like https://setapp.com/apps/typeface are great for changing up your font, and you should invest in a good template for your web page.

If you’re digital skills only stretch so far, there’s plenty of freelancers or companies out there who will be more than willing to keep your site looking top notch.

Get Social Media Savvy

If you’re not already, you should be spreading the word about your business through social media. A website is great but you want to reach the masses, and only social media platforms will have that. So it’s useful to have a profile on as many platforms as possible and start or continue to reach out to new customers, creating great campaigns that will sell your brand to those who need it.

Make Communication Easy

There’s nothing more frustrating than customers not being able to communicate with a business. Whether that’s finding a phone number, email or any form of contact details. And it’s so simple to do but a lot of online businesses will keep themselves anonymous, and this can put customers off. People like to see the face of a brand or organization, so don’t be afraid to open up communication fully because it’ll certainly benefit you in the long run.

It can certainly feel like a rat race in this ever-changing world, but with hard work and dedication, your online business can be just as successful as those that inspired you to start yours in the first place. So what are you waiting for?

The Things You Won’t Have Thought About With Your Business

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. The majority of businesses fail, and if you’ve never start one, there may be things that don’t know to look out for. What are they? The following contributed post is entitled, The Things You Won’t Have Thought About With Your Business.

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Starting a business from scratch can often be a difficult thing to do. You work hard on your ideas, it becomes a labour of love as you put in all of the hours to make it a success. It can often be a goal and an achievement to actually start your business and to become a success. It can give you the flexibility of working and home life that you may have wanted when working in a standard nine to five job. But, have you through of everything when it comes to your business? There will always be improvements to make, avenues you can explore and things you can do. Here are some suggestions for the new year.

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Is your website protected?

You may have spent a lot of time building your website, showcasing your information on social media and doing all you can to build your business from nothing, but is it protected? Your website could be the only thing you have as a method of doing business, and so protecting it from the likes of hackers or opportunists should be a high priority. This is when looking into network security management could be advantageous to you and your business. Enabling you to feel assured that your website and the information is guarded. Also things like passwords shouldn’t be changed regularly to keep things secure.

Is it time to expand?

Sometimes you can be guilty of just sailing on by, but this could be a mistake for your business. Is it time to expand? Have you thought about some of the ways you can do it? You could be missing a revenue opportunity simply by not taking the plunge to add to your product or service range. Expansion could also mean moving from working in your home to a business location. Which could potentially open up more opportunities to you as a business.

Are you taking customer service seriously?

A business needs customers, there is no hiding from that. But do you take care of the customers that you have? Is customer service a priority for your business? If it isn’t it should be. If a customer has a great experience with a business, they are more likely to use them again or tell people about it. If they don’t get good service you may not see them again. It is that simple. Look at ways that you can enhance your customer service. It could be keeping regular contact with them or just offering loyalty discounts for repeat purchases our referrals.

Are you the local hero for your business?

Finally, are you the local hero for your business? Most people are wanting to support small and local businesses these days and the truth is, you may not even have competition. This is something that should be a focus for all businesses in the new year. Getting involved in local events, sponsoring and getting a name for themselves in the local vicinity. It could present to you a whole new customer base that you may not have had before.

Let’s hope these tips have you moving your business forward in the new year.

Why You Should Be Outsourcing Jobs In Your Small Business

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship, and a key piece of the latter is ‘Outsourcing’. No matter what type of business you’re trying to build, if your operations continue to grow, they will expand to the point where you can no longer do everything yourself. Outsourcing thus becomes key. The following contributed post is thus entitled, Why You Should Be Outsourcing Jobs In Your Small Business.

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Small business owners can sometimes feel like they are wearing a lot of hats, and are doing the jobs of several people. While it may be just about manageable, to begin with, a point will arise where you just cannot do it all – not effectively, anyway – and then, it is time to look at giving some of the tasks so you can focus on building and growing your business.

Technology has made it an awful lot easier to outsource work. Instead of having to pay someone to travel into your place of work and be there physically to carry out the tasks, you can employ someone to do it from just about anywhere in the world. Even though you might have to lay out money to pay them, you’ll more than likely find that in the long term, it helps you to increase revenue and productivity.

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Some roles and tasks that you may consider outsourcing include:

Marketing
Content creation
Search engine optimisation (SEO)
Web designers
Custom software development
Bookkeeping and accounts
Payroll
IT Support
Photography
Graphic Design
Social Media

It can be all too tempting to outsource all the work that you don’t want to do, and while this isn’t always a bad thing, it is important to remember that sometimes, there are some core jobs that you have to do to keep your business running efficiently. The idea of outsourcing is to get someone else doing the jobs that you either can’t do or the jobs that take you away from other vital roles within the business. These tasks come under two categories:

Highly skilled/specialised jobs: these are the ones that you just aren’t qualified or don’t know what to do. This could be dealing with legal and financial issues or technology-based ones.

Repetitive jobs: This may include inputting data, making phone calls and setting up meetings and appointments and paying invoices.

Quite often, the people who do these tasks work on a freelance/contractor basis, so wouldn’t need paying a fixed salary. This benefits you because you can pay them as and when you need them. However, it does also mean that there may be times when they are unavailable, and you will need to find someone else, who doesn’t necessarily know your business as well.

Finding the right contractor or freelancer can be difficult, to begin with. A good starting point is within your own network – ask fellow business owners if they can recommend anyone. You can also turn to online networking sites, such as Twitter or LinkedIn to ask for recommendations and screen any potential candidates. There are also websites such as People Per Hour and Upwork, which allow people to pitch for jobs and upload CVs and portfolios. You can also see if they have worked with other people through the platform and their rating.

When you outsource tasks, it gives you the chance to focus your time, attention and resources on what your company needs to grow and develop.

Issues That You Could Face If You Get Yourself In Debt

A key focus of my blog is Financial Literacy/Money. A key piece to managing your financial health is controlling debt and making sure that it doesn’t take hold of your life. Allowing debt to run out of control could cripple your future and the futures of those around you. The following contributed post is therefore entitled, Issues That You Could Face If You Get Yourself In Debt.

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If for some reason you have got yourself into debt, you could end up facing a lot of issues. Whether this is a debt that you have accumulated as an individual or one that you have got as a business, you could be facing the same kind of problems. People tend to believe that debt is okay, as long as you know that you can get out. Well, this is not going to be the case because a lot of the time, they never do. Let’s look at some of the issues that you could face if you or your business is in debt.

Never Getting Out

One of the main issues that you will find with getting into debt is that it is extremely hard to get out. You might have the money to do so, but many people then don’t do this as they think this payment can wait. After a while, the interest has accumulated, and they can no longer pay their way out of the debt. As such, they are not going to be able to get out of debt, even when they get around to paying it.

This is the most common issue that people find when they are in debt, next to never being able to pay it in the first place. This is why it is never a good reason to get yourself into any form of debt, as you never know how it is going to pan out in the future.

Having To Borrow More

The next issue is that if you get into trouble for any reason and get arrested, you might not be able to pay your bail. This is where you are going to need a bail bonds person to put the money up for you. If you have a history of not doing what you said you would, for example, paying off your debts, you are going to find that nobody is going to help you in this situation. Even if you do get this help, you are then going to have to borrow more to cover the costs. It’s a vicious cycle that never ends.

Or, if you are desperate to pay off your debt, you might borrow off someone else to do this. You will then owe the full amount to someone else, and this might be worse for you than who you owed to before. This is why it is always going to be better to avoid debt if you can.

Accumulating More

Finally, interest on debts is terrible. The lender gets to determine the amount of interest that you are going to have to pay, and you don’t usually have a say in this. So, your lender could decide to charge you 20% interest, and they can adjust this if and when they want without any reason. Interest is a killer when it comes to paying back debt because you usually end up paying a lot more than you borrowed. This is not going to be something that you want, and that is why again, you need to try and stay out of debt.

We hope that you have found this article helpful, and now understand some of the issues that you could be facing if you get yourself into debt.

Your Business Is Folding: The Steps To Take Next

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Most businesses fail which means that the odds are that you’ll confront this scenario should you seek to step into the arena of entrepreneurship. If in fact you are faced with this circumstance, it’s important to know how to proceed. The following contributed post is therefore entitled, Your Business Is Folding: The Steps To Take Next.

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“Failure” is one word that no business owner wants to hear. However, it’s one of the biggest parts of being an entrepreneur. You are going to fail over and over again when you wade into the complicated world of business, and do you know what? Failure is okay. It’s not the end of the world if the business you are in is folding. Businesses fold because the needs of the consumer changes. Sometimes, a business can keep up with these changes and adapt. Other times, the business folds like a sheet of paper. The thing is, if you want to be a successful entrepreneur, the success isn’t hanging onto a failing business by a thread: it’s learning that you can brush yourself off and start over again.

It doesn’t mean that while you’re going through the folding of your company that you’re going to find it easy. In fact, much of the time it’s going to suck. It’s stressful and whether you are trying to let your employees know what’s going to happen to their jobs or you’re visiting www.daveburnslaw.com for information on company bankruptcy, you need to know the next steps that you’re going to take. No one wants to be at the helm of a business that is going under, but you learn a lot when your business folds. Think of it positively: you’ve witnessed the start and end of a business and you can pinpoint exactly where you have gone wrong. You’ve put a lot of effort into this company, and once you realise that it’s not the end of the world, you’re going to be able to look forward. It doesn’t mean that you personally are a failure: it simply means that you have a speed bump in the road that you are taking toward success. You learn your little lessons and you grow along the way.

The key is to know your next steps, stand tall and carry on. Let’s take a look at what you should be doing once your business has closed for good.

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Take A Breath & Relax
Failure isn’t something that you can avoid at least once in your time as a business owner. It’s refreshing, to be honest, that there is an outcome for your business when you’ve been struggling to keep it alive. Stress comes in many forms, and it’s one of the many stressors out there when you are living in a perpetual state of uncertainty while you wait for your business to run its course. You don’t need to dwell on it, and when it’s final – your business is closing – you can let out the breath you’ve been holding. Calm down with some slow breaths and relax. Once you manage that, you can digest the situation far better and look at your experience in a new light. Perspective is an amazing thing, and it can propel your next business idea – after a break of course.

Don’t Take It To Heart
Rarely when a business folds is it about the owner. Your business may have failed, but that doesn’t mean that you did. Believing that you are the failure is a great way to kick yourself while you’re down, and you don’t need to do that. Bill Gates wasn’t an immediate success, neither was Steve Jobs. It’s your turn, though, to work out exactly what went wrong and rectify it for the next time, whether that’s issues with the product or service that you made or issues with the employees you hired. One you know what changed and ruined things, you can take the step to not let it happen again. Hindsight is a beautiful thing, right?

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Adapt.
Reflecting on the loss of your business has to be an analytical thing. Here are some of the things that you can think about:
● Why did it fail?
● Could you have done more to save the company?
● Where did the fault lie?

Answering these questions can bring you the closure that you need, and you have learned from the experience. Reflect on the things that went right with it as well as the things that went wrong, and you’ll be able to adapt the next time you decide to open a business. This analysis can also prevent you from falling into a depression about your business – don’t let that happen!

Plan Again
You can take as much time out as you need to have a break when your business fails, but you also need to consider getting right back on the horse and planning another venture. You are now wiser and able to learn from your mistakes. Put everything you’ve learned into your new business and you’ll be able to be successful with it again.

Take A Break
After running a business, your confidence takes a knock. You’ve spent a long time at the wheel of a company and steered it well. Sure, things folded, but that doesn’t mean that it was all you. Before you jump in with both feet into the next venture, take a break and have some free time. You no longer have to devote every second of the day to your company. Not yet, anyway. Take a moment to go on that vacation you put off and spend time thinking and planning again. Recharge your batteries and catch up with yourself.

Do Some Volunteer Work
While you set up your next venture, take the time to do some volunteering. The passion that you feel about what you do is obvious, as you want to set up another business again. However, take some time to learn a little something new, to give back. You should hopefully have enough cash in savings to cover you a month or two, so take the time and learn something new.

A folded business isn’t going to ruin your entire life if you can appreciate that things will always be changing in the business world. Be excited: there is a bright future ahead of you that you can take with both hands.

Keeping Your Employees Happy

The first principle of my blog is Creating Ecosystems of Success and two of its key focuses are Financial Literacy/Money and Business/Entrepreneurship. No matter what kind of business or organization you’re running, it will be very important for your operations to keep your employees happy and continually dedicated to your mission. The following contributed post is likewise entitled, Keeping Your Employees Happy.

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When it comes to running a business, the most important thing besides making money should be keeping your employees happy. At the end of the day, they help your business tick over, improve and become more successful. So what ways can you keep your own staff happy?

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Make Work-Life Balance Important

We all want to have an equal amount of work-life in our lives. And not all businesses focus on this when it comes to their employees. By overworking employees and giving them little time for their own lives can end up having a huge effect on their mental wellbeing. They also might be more likely to leave the organization if they don’t feel like their lives outside of work are considered.

Find ways of bringing work-life balance into the business whether that’s through flexible working or offering overtime or lieu for hours worked outside of their contract.

Reward And Give Employees Incentives

Respect between the employer and employee can only lead to good things. So be sure to reward your staff when they’ve worked hard and offer employees incentives for projects and work that needs to be done. These don’t necessarily have to be cash related, but any sort of reward can have a great effect on your staff’s productivity and keeps them happy within the organization.

One example would be to offer bonuses in return for completing a project before the initial deadline or by completing a certain amount of tasks. You might also be in the position to offer a promotion, so always consider this as a reward or incentive to staff members.

Listen To Their Worries

Good communication between staff members and those in higher positions is hugely beneficial to employment mediation. Listen to staff concerns and do your best to recommend solutions or fix them if you can. It’s important to make staff feel valued, and if they don’t, then they’re more likely to leave. Being honest with them is also appreciated so if something is going on that affects them, let them know. Be transparent and open with your staff, and they’ll do the same if they have anything they’re concerned about.

Encourage Socialising With Staff

A strong team of staff is more beneficial than one who doesn’t spend any time with each other outside of working hours. That being said, it’s useful to organize staff parties and days out that can help staff members socialize with one another, especially if it’s a big organization.

Make sure your office space provides an opportunity for socializing too whether that’s in the form of a canteen or breakout space. If you can’t offer that, then maybe have a budget to organize a group lunch every so often.

A happy organization is a productive one so it’s always ideal to keep tabs on your staff and what can make them happier. If you don’t care about your employees enough, they’ll feel the same, and that can have a negative effect on the company.