Three of the focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. In today’s digital world, businesses of all kinds are operated online which involve the mass generation of data and transfer of that data. As such, there’s a need to protect your data. The following contributed post thus entitled, Man or Machine: Which Protects Your Data?
There has been a heavy emphasis on data security across mainstream media platforms for many years. With huge amounts of data being stolen from companies, personal information being more important than ever before, and criminals becoming more sophisticated, it makes sense that people want to keep themselves safe. Of course, though, as a business, it can be hard to know who or what you can rely on to make this happen. To help you out, this post will be exploring the roles of both people and machines in relation to your data security, giving you an idea of where you trust should lie.
Machines
Most people would assume that you can trust computers with anything. They don’t tend to operate without instructions, instead performing the tasks which you’ve told them to. Of course, though, it isn’t impossible for people on the outside to take control. To solve this issue, tools like encryption and firewalls are used, blocking access to data which should only be seen by those within your business. These tools don’t always do their job, opening the doors to data being leaked into the world. Of course, though, this isn’t something which you have to worry about if you have the right people looking after you systems.
People
Data leaks and information dumps are often the result of human error, with people clicking the wrong buttons or ignoring prompts which they should be taking action to solve. Updates, for example, are often handled automatically by operating systems like Windows, but will require a restart before they are in place. If a security update rolls out, but your teams don’t reset their machines, they will be vulnerable to attacks. This sort of issue has plagued some businesses, leaving them to rely on increasingly automated systems to handle their data protection, but this doesn’t always solve the issue.
What To Trust?
In reality, you should never trust either of these areas unless you’ve done the work to secure them. Your computers should be managed and maintained by a professional company, ensuring that you are compliant with local laws, while also keep everything updated to deal with new threats. Along with this, using special data storage recruitment companies to find your employees can be a great idea. By following this route, you will be able to fill your business with people who have already proven their ability to look after data. It’s never worth putting your trust in something which isn’t proven, especially when it comes to protecting data.
With all of this in mind, you should be feeling ready to take on the challenge of protecting the data within your business. Most companies struggle with this area, eventually feeling the impact which can come when you lose other people’s data. Of course, though, as time goes on, you will only have to put more effort into it. Criminals haven’t stopped developing their systems, and this means that companies have to remain on their toes, with new threats popping up all the time.
Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. While it’s great to envisions all of the positives associated with owning a business, it’s important to consider the costs as well as they can come back to bite you. What are some of the unexpected costs of owning a business? The following contributed post is entitled, The Unexpected Costs Of Owning A Business.
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Choosing to start a business is not a simple decision. Although it may seem like it is at the time, there is a lot that you need to consider before you get the ball rolling, from the support of your family to the extra workload. You’ll also need to work out the cost. No matter what others may say, owning a business is very rarely cheap, and there are often many more expenses than you initially realize. With that in mind, here are five unexpected ones that you’ll need to plan for.
1. Research Expenses Before you can launch your new venture, you need to work out exactly what it is. While some people do decide to start a business knowing what they’re going to sell and who they’re going to sell it to, many others have absolutely no idea. If you’re with the latter crowd, you’ll need to conduct market research to give yourself some inspiration. This is something you can do yourself or delegate to a research agency, but, either way, it can end up costing you hundreds.
2. Employee Turnover We all know that recruitment can cost you big, but what few realize is just how expensive losing the employees you recruit can be. As well as having to repeat the costs of hiring someone new, you may also need to pay extra to cover the additional workload in the meantime. For this reason, high employee turnover can wreak havoc on any company. Thankfully, if you offer a welcoming work environment and competitive benefits, new hires shouldn’t want to move on.
3. Product Shipping Businesses who ship products to their customers rarely consider how much this can cost. In addition to packaging and postage, you may also need to invest in your own vehicle to transport goods and cover the costs that this will bring. Being on the road also runs the risk of an accident. That being said, a truck accident lawyer can help you get the compensation you deserve in this event. To cut shipping costs further, you can shop around for the best deals.
4. Inventory Shrinkage Any business handling physical products has to face inventory shrinkage at some point. This occurs when your goods are damaged, stolen, or otherwise lost before they can be sold and delivered to customers. Unfortunately, there is no way to eliminate this worry completely, but there are several things that you can do to reduce it. These measures include improving product management and investing in better security, such as security cameras and guards.
5. Equipment Maintenance We all understand we’ll need to invest in certain types of equipment to keep our businesses up and running. Computers, tablets, and other office technology is generally a must, but some enterprises require specialized and expensive tools too. While you’ll know to budget for these investments, you may not have planned for the cost of maintaining them. This helps to keep your equipment running smoothly, and is cheaper than replacing it, but still costly nonetheless.
In the world of business, money is everything, so make sure that you take care of yours by planning for the unexpected expenses listed above.
Three of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Not all businesses are the same and thus not all rules apply across the board. If you’re running a special type of business, you have considerations that other entrepreneurs don’t. The following contributed post is thus entitled, Helming A Business Involved In Sensitive Specialisms.
There are some types of business advice that could be considered universal, from top to bottom. This is usually the type of advice focused on those that sell products and services of some kind. For example, the fundamental tenets of opening a restaurant are likely considered similar, no matter what cuisine is on sale. Of course, sometimes there will be outliers, such as how to organize a successful line of food trucks, or considering just how wacky a three michelin star restaurant can afford to be.
But there are some businesses that might not be that open to the fundamental business advice required. For example, research and development initiatives, innovative incubators and a range of other investment-led propositions. Helming a business involved in sensitive specialisms can be truly difficult, and no matter your level of technical expertise could be considered overwhelming. But that doesn’t mean it can’t be done. While keen business sense is a universal principle, sometimes excellence is required as a fundamental standard.
This is fine, because if you’re hoping to begin or maintain an operation like this, you are likely excellent already.
Consider:
Recruitment
When stocking any form of business with good staff, you need to understand your requirements to the T. Odds are that if you’re running your own business, you have a technical level of proficiency in this area already. However, that isn’t always guaranteed, and in fact can sometimes lead a once-innovative business to ruin if not handled well. This means that if you do not have the level of specialist expertise, you must craft a board of individuals that include some who are. These will act as your technical advisors, helping you make the best decisions from the offset, especially where matters of working policy come in. They might advise you the delivery times expected as you manufacture new products, help you optimize and make your manufacturing line more efficient, among a range of other positive helpers that can truly make all the difference.
Recruitment hardly stops here. You also need to stock your company with high-intelligence, accredited professionals. But you must also reach out to those places that could potentially help you continue to bring in the intelligence your company needs for success. A brain drain can cripple a company involved in high-spec ambitions. Recruit at science universities or even begin a sponsorship program to allow high-achieving students with their scholarships. Develop youth training links as far as you can to potentially help build brand loyalty in your employees of tomorrow. This is how you can ensure the average skillset of your staff stays high, but you can also benefit from new, fresh ideas, develop comfortable and confident understandings surrounding
Your Vision
Your vision is important to get right. If you fail to do this, you’ll unfortunately fall behind. A business that is aimless is one that tries everything, but never the right thing. A business without targeted goals and deadlines for those goals has no measure of success. Simply ‘breaking even’ might be all you need to survive, but is that success? Unless you’re running a non-profit, most business leaders wouldn’t. To innovate you need to reinvest, to stay on the cutting edge, and have the versatility to experiment with new ideas. Without this added flexibility, it can be very easy to fall to the wayside.
Refining a vision is important. Changing it over time is possible of course, so don’t feel you’re limited to one direction. But you need to know why you’re here, and why your specialist product matters. How can you help explain it in an accessible manner to those who might not understand? What countries do you hope to sell in? Is this a specialist item for the use of knowledged professionals or is it going to be part of the consumer market?
What pedigree do you want to set for yourself? Will you have the longest-lasting item, the item with the most versatility, or perhaps the most refined and complex of all the products in that industry? What problems with your current industry and the products within it do you wish to solve and overcome given the time?
Feedback & Creativity
It’s important to blossom creativity as much as you can within your business. Part of doing so will help you continually understand what current expectations are, and how you might improve upon them. Never use customer expectations and understandings as a means to base your current method of innovation from. Always look to improve upon it, because you are the ones who should be presenting the new standard.
However, with this kind of interfacing with professionals in your field, with the customers you hope to sell to and perhaps with consultants from many different highly-refined specialisms, you will be able to better gauge the patterns of the industry. But it is always important to keep that window open. This is because even in innovation, you need to understand the purpose of why you’re innovating. Any competent firm with the ability to can get lost in its own hubris, developing and refining products that might not have much practical use in the industry. That is what your sideline experimental products are for, but there must always be a balance between feedback and creativity, from top to bottom.
Directed Aims
As we explained before, directed aims are important. But how do they manifest in your product or service development? Well, of course the aims are to provide a product or service that is capable and competitive with others on the market. But what format might this process take? Do you hope to have the most energy efficient production capacity compared to anyone in the industry? Do you pride yourself on your vetted supplies, on the in-house ingredients generated for each development? How about helping initiatives flourish such as those trying to mitigate the damage your industry is known for?
There’s always something positive to try and achieve, and while this is always worthwhile for its own sake, it doesn’t hurt your PR to engage in this either.
Equipment & Expectations
It’s important to ensure that you measure your equipment correctly. Your staff need to have cutting edge gear, especially in your R&D lab. A temperature and climate-controlled area with excellent sanitizing procedures before and after, extremely worthwhile health and safety equipment, important alarms to sounds if an issue occurs, protective and regularly maintained apparel, stocking yourself with an excellent chip kit collection, and ensuring your storage capacities are all extremely well-maintained is essential to helping your lab staff simply start with the fundamentals. Equipment changes depending on the type of research and experimentation is being conducted is essential. Finding the space necessary for this, sometimes in warehouse units, sometimes in office buildings or even underground could be incredibly important. This leads us onto our next point:
Security
When you’re involved in a highly innovative and specialized field, competition is stiff. Half a document of findings could be the smoking gun that allows another firm to try and innovate on your products before your patent is accepted, and could prevent you from taking the competitive edge you would have done. Security needs to be tight, because corporate espionage can be a real, definitive problem in these industries. Vet employees through and through before giving them any sort of clearance, and be sure to tailor your security access in layers, allowing only the most trusted and proven to reach the higher echelons.
Gate document access, secure and encrypt your internet traffic, and ensure devices are restricted from certain areas. Have your staff sign non-disclosure agreements and be sure to keep a competent legal team by your side to execute any lawsuits you have correctly. Lock your building well, and ensure that full security systems are installed. When a single piece of research could potentially gain you or lose you millions of dollars, you need to construct your business correctly from the beginning, to avoid any and all suspicious behavior from reaching its end-point.
Constant Market Research
While it’s essential to conduct your own research and to try to shape the trends of the industry, you must also research the industry through and through. This can be well achieved if you know what you’re doing. Not only must you research customer opinion as we have explained prior in this article, but you must try to understand every move your competition makes. For example, if a rival phone manufacturer releases a model that seems innovative, purchase some in bulk and deconstruct them. Try to get to the heart of the OS, or the design philosophy, or how it was marketed despite the apparent flaws. Learn from those around you, because they’ll almost certainly be learning from you. It’s in this way that you can stay on top of any and every element of the industry that might have otherwise evaded your understanding.
With these tidbits of advice, helming a business involved in sensitive specialisms is sure to be worthwhile.
Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. A lot of people work in the area of ‘contracting’, particularly with government agencies. When working in this sector, it’s important to know how to get repeat business. The following contributed post is thus entitled, 3 Ways For Contractors To Get More Repeat Customers.
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If you’re a contractor, it’s the loyal customers that will sustain your business. If all of your customers are only using you once, you’re not going to have enough regular work to keep you going. But finding repeat customers is often easier said than done. If you find that you’re getting a lot of new customers but you can’t turn any of them into repeat customers, you’re getting something wrong somewhere along the line. These are some of the best ways to get more repeat customers for your contractor business.
This is very important. If you repair something for somebody and it breaks again 6 months down the line, they’re not going to call you again to fix it. In fact, they won’t call you for any other work they need doing either. That’s why it’s important that you do a good job that’s actually going to last. A big part of that is the materials that you use for the job. For example, if you’re doing some plumbing work and you buy cheap pipe and fittings, they’re likely to corrode and leak pretty soon. But if you buy decent quality black iron pipe fittings and copper pipe, the job will last for years to come. As well as good materials, you need to make sure that the workmanship is perfect. Don’t rush jobs to get the next one in and earn more money, it won’t work in the long run. Take your time and make sure that everything is perfect. You also need to be realistic about your own abilities and don’t take on jobs that you’re not really equipped to do. The work will be bad and you’ll lose the customer for good.
Build A Relationship
The work is obviously an important part of it, but you’ve got to remember that the customer is going to have you in their house, so they need to feel comfortable around you. If you don’t have a good relationship with your customers, they’re not likely to ask you back. Always make sure that you’re polite to customers, the way that you represent your company is very important. If you can offer a personalized service to each customer, you’ll build better relationships and they’ll be more likely to call you next time they need work doing.
Follow Up With Customers
If you finish the job and then don’t have any other contact with your customer, you’re missing an important part of the process. The aftercare is just as important as the work itself. You should always call up your customers a week or so after you’ve finished the job to make sure that everything is ok. If there are any small tweaks that need to be made, you should do it for free. By offering good aftercare to your customers, you can show that you’re invested in the work and you care about them. This is what people are looking for in a contractor so it’ll really help you to get repeat customers.
If you use these simple tips to get more repeat customers, your contractor business will thrive.
The first principle of my blog is Creating Ecosystems of Success and two key focuses are Financial Literacy/Money. Whether you’re running a business or another class of organization, taking care of your employees is critical. Creating an environment where they feel as though their best interests are being considered will assure their loyalty to management. The following contribute post is therefore entitled, Your Most Valuable Resource: People & How To Take Care Of Them.
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The idea that you can have a successful company with happy customers and not treat your employees well is ridiculous. In fact, the whole systems works on a trickle-down effect, with happy employees supplying the best productivity and service, and so pleasing customers. Something that then leads to better profits. Happily, even if you haven’t thought of your business in these terms before you can significantly improve how you treat your employees with the advice elbow. Read on to find out more.
Leadership
Great leadership can make all the difference in how your employees feel about their work. Such leadership may not always be what you think it is either. In fact, it’s not about striding around the place barking orders or even having the ability to do all the tasks from top to bottom yourself. Instead, it’s about having a strong vision for your company both inside and out.
What this means so that you need to have an accurate idea of how you want your company to run internally and balance this with the successes and profit you make. You need to draw a line in the sand and decide that you will treat your employee with respect no matter what their role, and insist that they treat each other this way as well.
In fact, bullying, intimidation, and unpleasantness is often something that can degrade an employee’s work experience and job satisfaction. To that end, you need to have up to date policies that deal fairly with any instances of this as well. If you want our employees to feel happy and safe at work that is.
Safety
Of course, your employee’s safety is also crucial in terms of the task you are asking them to do. In fact, businesses have a responsibility to those that work for them. What that means is it’s crucial to be aware of any laws and guidelines concerning the type of tasks you need them to do.
In fact, even in an office environment, there is plenty to be aware of such as desk height and ergonomics as well as manual handling training. Where employees are shows how to move boxes correctly, so they don’t end up injuring themselves.
However, in more specific environments there are even more safety issues to be aware of. For example, when working with machinery the risk of employee harm is much higher, but it can be reduced by using items like cable housing and protective carriers. Something that you can visit Dynatect Manufacturing for more information on. A place where you can also find help with others ways that you can improve your machine process to increase its safe use and productivity.
The same is true when your workers are using construction equipment and heavy machinery too because these things have a partially high risk of causing harm or damage if they are not operated properly.
To that end, proper induction training courses for each piece of specialized equipment are needed, as well as regular refreshers at appropriate intervals as well. Clear signage to remind those that are working around such machines of the danger they pose, as well as the safety gear they need to wear are also vital aspects of looking after your employee’s safety in such environments.
Another way that you can show your employees that you care about their well being is by encouraging them to be as healthy and fit at work as possible. In fact, this is something of a new idea that is taking off, with many business offering exercise classes within work time. Some companies are even choosing to offer meditation or power nap breaks that allow people to rest and recuperate, as well, something that is also good for reducing stress levels.
Another way that many businesses can show concern for the physical well being of their employees is to install office furniture that encourages movement while working. This may include a standing desk, treadmills, and even balance ball chairs which are known to be excellent for posture and core strength.
Of course, all of these items do cost money, but what most smart employers realize is that if their workforce is physically more healthy, they are likely to be more productive as well. In fact, integrating such programs in a work environment can significantly reduce sick days and so boost company productivity, and save on cover over the long term as well.
Salary and Wages
People don’t tend to work for free, not unless they are lottery winners or secret millionaires that is, and that is why to show your care about your employees you need to offer them a decent salary and benefits package.
What that means is that the salary you pay needs to be comparable, if not better to your closest competitors in the market. Although, if you can’t match them in terms of cold hard cash, you may wish to consider introducing an excellent employee benefits scheme that includes discounted or free gym membership and other perks. Something that you will be able to purchase as a compare documented price and so will work economically for your business as well as for boosting morale.
Social
Lastly, if you want your employees to enjoy work and feel valued and so stay with you for as long as possible, creating a community atmosphere in the workplace is essential.
Of course, that doesn’t mean that you ignore sensible guidelines about appropriate behavior at work, but instead it’s about introducing opportunities for workmates to spend quality time together outside of the office.
Some firms do this with regular social evenings, while others prefer team building activities like adventure weekends away. The idea being that not only does this strengthen bonds between individual employees and help them to communicate and get on better at work, but also allows people to feel more integrated and valued as well.
Something that can contribute to a feeling of belonging, and so help to boost your employees’ overall job satisfaction. It can even reduce your worker attrition rate, and so work out better for your budget as well.
After all, if people are your most essential resource, it’s crucial that you look after them in the best way that you can.
A key focus of my blog is Financial Literacy/Money. A prominent financial talk show host and writer once said that money is 20% head knowledge and then 80% behavior. This suggests that it’s actually pretty easy to win with money as long as you continue to repeat the right steps. How can you improve your money mindset? The following contributed post is entitled, Your Money Mindset And How To Improve It.
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Do you know what a money mindset is – better yet, do you know what shape yours is in? Being aware of your own money mindset is absolutely key if you want to get your finances in order. With a strong money mindset you’ll be able to earn more money, manage your money better, and feel more comfortable and free around money. It is honestly the best thing you can do to improve. Too many people look outside of themselves for solutions rather than looking inwards to fix what is going on. If you aren’t good with money, what makes you think you’ll be better when you’re earning a lot more? The troubles will remain!
Below, we’ll go into more detail on your money mindset and how you can improve it. Enjoy!
Identify Your Limiting Beliefs The first step to changing your money mindset is identifying your limiting beliefs. We all have limiting beliefs to some degree, some more than others. These beliefs are usually the beliefs that we picked up off our parents and the people around us when we were young. By identifying what your beliefs are, you can eradicate them and write a new story. It takes time. You must be mindful of your thoughts, and you can think about using techniques like tapping to help you overcome the beliefs that are holding you back.
Spend More Time With People Who Are Good With Money If you’re always spending time with people who squander their money, don’t appreciate it, and talk about it in a negative way, you will do the same. We become like the people we spend the most time with. If you spend time with people you’d like to be like, you’ll be investing and learning all about accounting for cryptocurrency before you know it. You can try to spend more time with people who are good with money by finding mentors, asking for advice from people you admire, and even following them on their social channels. You don’t have to cut out people who are bad with money, but you must make sure you’re not soaking up their limiting beliefs and getting involved in their narrative.
Read More Books On Money
There are so many books on money that can help, including ‘Rich Dad, Poor Dad’ and ‘Think and Grow Rich’. Look them up and gain a new perspective!
Know What Your Spending Triggers Are
Certain things may trigger you to spend, for example, feeling sad, or feeling bored. You’ll need to make sure you stay extra mindful during these times so that you don’t cave in and spend money on things you don’t need.
Practice Gratitude Every Day Practice the feeling of abundance by being grateful for all you have every day. Be grateful for every dollar, every cent. Be grateful you are able to pay bills. Be grateful for everything!
Open Your Mind To The Myriad Of Possibilities
There are a ton of possibilities for you, but you must be open to them. Changing your story will allow you to imagine new possibilities for yourself. Amazing things can happen, you just have to believe it!
A key focus of my blog is Financial Literacy/Money. Everyone needs a place to live and an important consideration if you’re worthy of a mortgage is whether or not to buy or to rent. There are considerations for both, and sometimes people buy before they’re ready. The following contributed post is thus entitled, How To Decide Whether To Buy Or Rent.
Moving home can be an exciting, yet equally stressful time, and of course it always depends on your reasons for moving in the first place, but aside from looking for a new place, getting rid of the current place and then actually having to pack up your stuff and move, there’s also the question of whether to rent or buy.
Of course, there’s no right or wrong – only what works for you, but it’s important to take into consideration your own needs and circumstances when deciding on which option is right for you.
So, in this post we’re going to share with you some of the reasons to consider renting or buying with a list of points for each so that you can decide which one is better for your needs right now.
Renting:
Less paperwork:
One of the most appealing things for most people who rent is that there’s certainly a lot less paperwork to deal with compared to buying. When you rent a place, you typically sign a lease, but this is nothing more than a standard document containing a few pages – unlike with buying where you have multipe things to sign and forms to fill out before you can even pay your deposit.
It gives you more freedom:
Although even if you buy a house you can still move anytime you want to, it definitely takes a little more in the way of planning when you own your place compared to when renting where you can simply give the required notice and hand back a set of keys.
You’re not responsible for repairs:
When you rent your place, the landlord is responsible for making sure everything is in working order and any repairs needing done to the property have to be carried out at their expense as long as you didn’t cause the problems or need for repairs yourself.
Buying:
You own the property:
Of course, buying has plenty of upsides just like renting, and one of those is that once you’ve paid your mortgage off you own your property outright, which definitely appeals to those who want to use property as an investment or who don’t want to be paying someone else’s mortgage each month. If you’re considering buying a place, then you’ll obviously need a mortgage and can have a look online for things like an itin mortgage lender to see what type of mortgage you could get and what would be suitable for you.
You can decorate as you wish:
Another great thing about owning your place is that you don’t have to ask permission from a landlord if you want to carry out any renovations or decorations, so you can make the place your own style as much as you like. It also means that any work you do in the place is something that you’ll get the full benefit of and won’t be leaving for someone else to enjoy at your expense.
It can be cheaper than renting:
Although there are always exceptions, buying is typically cheaper than paying rent each month.
Three of the focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. In today’s digital age, many individuals are moving their products using an online store. If you have an online store, it’s important to be able to deliver your products as efficiently as possible. The following contributed post is thus entitled, 3 Important Changes You Need To Make To Your Online Delivery Process.
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A good shipping process is vital for online retailers. Customers have high expectations and they want their products to arrive as quickly as possible. Even if they love your products and the prices are great, they’re not going to come back to you if you make them wait a week for delivery. You’re not going to be able to match the next day or even same day delivery that the big companies are offering because you simply don’t have the resources to do it, but you do need to make sure that you’re getting products out as quickly as possible. You also need to make sure that you’re doing it in a cost-effective way and products aren’t getting broken in transit. It sounds tough, but if you follow these basic tips you can handle your shipping efficiently.
Supply chains are a difficult thing to manage and there are a lot of different steps to consider along the way. You need to get the products from the manufacturer delivered to your warehouse, then you need to pack them all and plan routes for your delivery vehicles. If this is your first business and you’ve never dealt with a supply chain before, you probably haven’t got a clue where to start. That’s why it’s a good idea to consult professional companies like the Moresby Group and get their advice. They’ll have a lot more experience than you and they’ll be able to help you set up and manage an efficient supply chain so you don’t make any costly mistakes.
Route Planning Software
Giving your driver a list of addresses and sending them on the way isn’t the most efficient way to handle your deliveries. Everything will still get there on time but it’ll take longer than it needs to and you’ll be using more fuel. But if you use route planning software, you can create the most efficient routes possible. That saves your drivers time, saves you money and makes your business more eco-friendly because you’re using less fuel.
Barcode Scanners
Picking items from the warehouse is quite a long part of the shipping process, especially if your employees are doing it all manually. You’re wasting so much time if people are searching the warehouse for products every time they need to load a shipment. That’s why you need to invest a bit of money in some inventory software and barcode scanners. Your employees will be so much quicker if they can scan their picking list and find out exactly where the products that they need are stored.
Consider Outsourcing
If you’re selling products on a large scale, it might be more cost-effective to run your own warehouse and shipping process. However, if you’re a relatively new business and you don’t make that many sales yet, you probably don’t have the capital for that. It’s also not necessary at this stage in your business career. Instead, you should consider outsourcing to a courier company. They’ll already have the infrastructure in place and the necessary experience to handle your deliveries in a timely fashion.
If you don’t have a good shipping service in place, you’re never going to get your online retail business off the ground.
The first principle of my blog is Creating Ecosystems of Success, and two key focuses are Financial Literacy/Money and Business/Entrepreneurship. Whichever kind of organization you’re running, taking care of your employees is key. If you do that, they’ll continue to give maximum effort. The following contributed post is thus entitled, More That a Cog: Show Your Employees That You Care.
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These days, employees want more than a paycheck from their employers; they want to feel like they’re part of something more important, to believe that they’re not just slogging away at a job so that a salary ends up in their bank account each month. Of course, money is a factor – a big factor – but there are others, such as knowing that their boss sees them as more than a cog in their machine. Showing a more caring approach doesn’t just affect your employees, either – it’ll be good for you, too, and the culture of the company. Below, we take a look at a number of ways you can become a more caring boss.
You’ve hired your employee to do a job for you, but that doesn’t mean that all of your interactions have to be solely about business. If they are, then you can’t have any complaints if they think you just see them as an expendable employee. Get to know your staff on a deeper level. No, that doesn’t mean you should spend every Friday night bar-hopping; it just means getting to know what makes them tick, what they want to achieve in life, what their dreams are, things like that. Their chief aim in life isn’t to work for you — but maybe you can help them along on their journey to wherever they want to go.
Give Trust
There are some bosses who really shouldn’t have hired any employees at all, since all they want their employees to do is whatever they’re told to do. They’re micromanaged to death, and when that happens, there’s no amount of personal chit-chat that can make up for what is painfully obvious — that the professional side of the employee’s life is of no importance. As such, one of the best ways to foster a deeper relationship is to give the employee the opportunity to do the job they were hired to do, without looking over their shoulder. It’ll be a big step along their professional journey, and you’ll have been responsible.
Sympathy
In the cold-hearted corporate world, you’re told to park your personal problems at the door when you arrive at work. This might work if the human switched to robot mode once they entered the workplace, but it’s not realistic if that’s not an option. If you’ve got a huge personal problem in your life, then there’s not much you can do about the influence it has on your life, nor should you need to. No-one likes a boss who puts the company’s profits above an employee’s personal problems. Show some sympathy, and do what you can to alleviate any problems that they may have, such as giving them extra time off from work.
Look After Their Health
Employees are working longer hours than ever before, and it’s beginning to take its toll. There’s been a sharp rise in work-related health conditions, especially those connected to mental illness and prolonged periods of sitting. This, of course, does nobody any good — not the employee nor the company. So put making sure your employees are fit and healthy at the heart of your employee wellness programs. If someone’s feeling the mental strain from work, give them a few paid days off. You can also initiate a telemedicine system at the office, so your employees can get their health virtually assessed by a professional. These types of workplace initiatives will, primarily, show that you care about your staff’s wellbeing, but also boost morale and reduce sick days, too.
Take Their Side
If you’re in business for long enough, eventually you’re going to have to deal with a rude or hostile client. Or, to put it another way, your staff may have to deal with such a client. Now, in business, it’s generally recommended to make believe that the customer is always right, but to do this, this may sometimes mean throwing your employee under the bus. Once you side with a client who was rude and in the wrong, you’ll have lost the trust, and most likely respect, of your employee. You do not have to take the side of a customer who is rude and insulting towards your staff — side with your employee, and tell the client that their business is no longer welcome.
Employee Perks
You are, of course, paying your employees a salary, which is hopefully relatively generous in the first place. But just think about how much money they’re making for you; it likely greatly exceeds their salary. While your staff will know that this is part of the deal of a job, a few employee perks that go beyond their pay are always appreciated. Even small things, like buying a few drinks at Friday happy hour, will be a good start. Treat them well, and they’ll treat you well — it’s the same in business as it is in life.
Tell The Truth
An employee will always be skeptical of a boss who says nothing but good things. And why wouldn’t they be? There are problems in every aspect of life, including business. If the boss isn’t mentioning anything contrary at all, then what’s the deal? Get into the habit of telling it to your employees straight. This could be about the health of the company, your expectations for their work, or any mistakes the employee has made. It’ll make the praise all the more believable. And talking of which….
Genuine Praise
Let’s never forget that employees are human, and, like all humans, like praise! So if one of your workers does something praise-worthy, then tell them. And don’t just say “good job” and punch them on the shoulder; tell them specifically what they’re being praised for, including what it was about their work that impressed you.
All In It Together
Finally, work hard to avoid any divisions between you and your employees. You do not exist on a higher plane to your “regular” workers, you’re just the leader of the team. Emphasize that you’re all in it together!
Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Some products looking picture perfect on the outside but don’t sell. If you’re selling a product, it’s important to know what things will give it the best chances of being successful. The following contributed post is thus entitled, Even Beautiful Products Fail.
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Products such as Apple devices or even luxury cars tend to be perceived as both elegant and performant.
Their secret lies in the careful balance between their stylish appearance and their practical functions. At the heart of the creation and life of a product, functionality is, of course, a priority. A product that fails to performs will undoubtedly struggle to maintain its presence on the market.
But when the competition becomes harsh on the market, differentiating factors can play a significant role in its success. As a result, countless manufacturers invest time and energy in developing aesthetically pleasing items that can stand out from the crowd.
Yet, the shops are full of beautiful products that nobody wants. So what went wrong during the differentiation strategy?
They lack purpose A product is born from an idea, which provides it its functionality. The entrepreneur has identified a niche in the market and intends to tackle it with a brand new creation. However, at this point, it’s important to consider not only the market competition but also the intended purpose for the item. Think of the ice cream industry, for instance. While there are cones and other containers available, there is no motorized cone that would turn the scoop for you to lick it regularly across the surface. But it doesn’t mean that the product has a profitable niche. Indeed, a motorized ice cream cone is not an innovative solution, but a purposeless gimmick that fulfills no existing need. Ask yourself first what you’re trying to achieve and who would benefit from your creation!
They are sold without your knowledge Imitation might be the sincerest form of flattery in social interactions, but when it comes to selling your products, it’s a crime. Counterfeits and gray goods – a product that is legal but not intended by the manufacturer – are, unfortunately, putting your revenues at risk as they provide potential customers with the same product at a lower cost. That’s precisely why it’s essential to protect your business against these harmful practices. Gray goods are especially dangerous as they carry your brand.
They don’t have enough support Don’t you hate it when you can’t set up a new system to your needs? That’s the issue that 1 in 3 US adults experience with their smart home devices. Unable to get the system to operate, 22% of frustrated customers decide to return the product and ask for a refund. Why does it happen? Because they can’t receive the support, they need from the customer care service. What happens after you’ve sold the product matters just as much as before the purchase.
Terrible pricing mistakes What’s the best pricing policy? Make it too low, and nobody will want to take a chance on your product. Make it too high, and you might miss your demographic target completely. Keep it uniform across the board, and your audience will reproach you the lack of offer diversity. There’s no way around it: if you want people to buy into your creation, you need to set a price that is right for them – and for you too.
Even the most beautiful products fail when they lack strategic planning, from protecting your revenues to ensuring the item is right for your audience. There is no successful product without someone questioning every stage of the creative and commercializing process.
