Stories | Business & Finance


Moving Your Business Forward With Outside Help

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One thing we all want to do is move our businesses forward. Sometimes, we need outside assistance to do this. There are two ways to go about this: consulting and outsourcing services. Read on to discover more.  Continue Reading

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Making The Customer Experience A Priority With Your Business

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Starting up a business can often feel like a dream at times. You have an idea, something that sticks with you and just fills you with passion and motivation, and you just know that you need to make it your reality. Once you take that plunge and make it happen, you start to build up your business from nothing and turn it into a success.  Continue Reading

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3 Reasons Why You Should Use Surveys in Your Business

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There are a lot of different tools and strategies that people use to try and get a competitive edge in business. Even within a single office, you may find different “teams” who each believe deeply in different project management systems, and who are almost willing to come to blows because of those differences.  Continue Reading

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Keeping Your Medical Practice Business Afloat

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In many respects, running a medical practice is much like running any other kind of business, and it is something that you will need to think of in those terms if you hope for it to be as successful as possible. The main determinant of success in medicine should always be that your patients are improving and that you are helping people to live healthier lives. In many cases, you will actively be saving those lives. As long as you are doing that, you can consider it to be pretty much a success. But you should also make sure that you are running it like a business, and that means focusing at the same time on other kinds of success. Let’s take a look at what you might need to do in order to keep your medical practice business afloat for good.  Continue Reading

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Don’t Let Your Startup Drag Your Finances Down

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Being able to strike out on your own and start your own business is something that more and more people find themselves wanting to do in the modern world and for good reason. After all, who wouldn’t want to be able to take their lives into their own hands rather than spending their time working for someone else? And the great thing is that it has never been easier to do that thanks to the internet. However, there’s no denying that starting any kind of small business also has the potential to be seriously expensive. With that in mind, here are some ways that you can make sure that your startup doesn’t end up dragging down your finances.  Continue Reading

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Before You Start Up A Digital Business, You Need To Know These Things

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It’s no secret that digital businesses can be very lucrative. E-commerce, Pay Per Click (PPC) advertising and affiliate marketing are just a few of the different income streams from an online business. Many people realise just how flexible and financially rewarding running their own digital company is, so they go ahead and buy software, domain names, hosting packages and a website, and are ready and raring to go.  Continue Reading

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Easy Ways To Increase Sales

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Wouldn’t it be nice if you could flick a switch and suddenly your sales figures start to increase? Unfortunately, there is no quick fix when it comes to improving your sales figures however there are some easy steps you can take to help boost your overall success. Take a look below at some of the ideas that could help you.  Continue Reading

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Taking Your Small Business To The Next Level

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Progression is a fact of life, and certainly a fact of business. We want to do better, be better and achieve better results, year on year. Successful small business owners generally have a great ability to envision positive outcomes, but it’s not enough to just have vision – you also need to know how to get there. Small actions can have a big impact, so making a few key adjustments could well be enough to set you on the path to ever greater heights.  Continue Reading

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3 Essential Focal Points In Any Marketing Campaign

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When you are starting to market your business, you need to make sure that you are doing so in the most logical way possible. Of course, marketing is something that takes a lot of time to master, and you need to just go with it before you do matter it if you hope for your business to do well. But there are many things you can take on board if you hope to market your business effectively in the meantime, and some of those are easier than you might think to do. In this article, we are going to try and make this a little easier by looking at just three of the most important focal points that you need to look at if you are to improve your marketing campaign. As long as you are working on these specifically, you should find that you marketing is made much better. Continue Reading

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Business Storage: Expanding Is Better Than Multiplying

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Part of your challenge as a business owner is to make sure you are independent in as many ways as you possibly can. You don’t want to be too exposed to another business. This means you cannot always rely on others to give you what you need and instead choose to be self-reliant. Being able to supply your distributors, your partners and customers with your products is one such way in which you should determine to stay self-sufficient. Storage warehouses thus come into your framework and they bring along with them benefits but also some logistical issues of their own. What happens when you are selling more than your storage space can handle? You need to stock more and more inventory and eventually your warehouse is going to be too small for you to cope with demand. The question will spring up, should you expand or multiply? Here is the case that suggests you should expand instead of the latter.

Control of space and money

Expanding your warehouse can be given the greenlight if you have enough room to do so. Bear in mind many storage warehouses for businesses are in specific parts of the country. Usually you’ll find big companies use a central location in a region so that distance between all relevant major cities is equal. A distinct zone is thus created for warehouses, often called a business park. If you have the space to build another warehouse or a contingent on your existing warehouse, you should expand the current warehouse. The best two reasons for this are because you can control the amount of space you actually want or need. Contracting a warehouse construction company means you’re only given certain wholesale options such as 300m x 400m. What if you want 150m x 50m instead? You can control the amount of money being spent on the warehouse also, by choosing your own materials, hiring your own team to build it and also only spending how much you need to for each additional square meter.

Helping in the construction

Expanding your current warehouse means you can keep the warehouse fully operational while extra work is being done outside. However, you need to take direct control of the situation and help in the construction. Don’t leave a hired team on their own all the time, as workers and the warehouse itself need to be monitored as construction is going on for safety reasons. You can use your own equipment such as Franna Crane Hire that supplies all kinds of heavy duty vehicles to move things around. If you have a pallet of raw concrete to move then you can do so yourself using this kind of equipment. If you need to move other things like storage racks or even pump trucks then you can use something like this to get the ball rolling. Again, an expansion gives you more control over how and what you build.

Business storage is constantly evolving. However this happens in the background for many businesses which is why expenses can get out of control when you don’t take full control yourself.

 

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3 Things to Do If You Get a Job That Makes You Location Independent

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A huge number of people these days are really taken by the idea of becoming “location independent” workers, and of becoming the masters of their own space, and time, while still engaging in the wider professional world and earning a good living. Continue Reading

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Why Live Events Should Be Part Of Your Business

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If you run a business – whether online or offline, how you market yourself and your business is very important, but the problem is that so many people find themselves very overwhelmed when it comes to marketing because there’s so many new strategies and tactics popping up almost daily claiming to be the next big thing that will help your business explode and that you’ll become famous overnight.  Continue Reading

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Why Setting Up A Freelance Marketplace Is A Great Business Venture

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Online marketplaces are everywhere these days. And if you’re looking for a way to implement a business that goes global, and you’re stuck for an idea, the freelance marketplace can be a very profitable, but also helpful, venture. So, why is this, and what do you need to set this up appropriately?  Continue Reading

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3 Things to Keep in Mind When Moving Office

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Moving to a brand new office is an exciting time for your entire business. Not just because it’s probably a bit newer and fancier, though, but also because it’s the next big step in making your business grow and prosper. You may make it or break it in the new area but you’ll never know unless you actually make the move.

It helps a bit to do some thorough planning first, however, and you can certainly increase your chances of making the move successful by following the tips below.

It won’t guarantee you from experiencing any hiccups along the way but at least you know that you’ve covered everything on the checklist – and you’re ready to move.

First: Use a spreadsheet for planning

While online articles can give you generic advice and try to help you with making the transformation fuss-free, every business is different and you need to go through all the tasks that are specific to yours. A spreadsheet will help you out with this; write down all your tasks, compile them into bite-size chunks, and tick them off as you go.

That way, you can feel a lot more confident that you’ve got everything covered before it’s time to get a hold of a Ute hire or a van hire to get all of your office stuff to the next location. Remember to use a sharing software as well, by the way, so that everyone in the office is able to stay up to date on what remains to be done and what’s already taken care of.

Next: Time your move

This is definitely a part of the planning process but you need to decide on this sooner rather than later. Moving is definitely a disruptive time for your business but you will still need to operate and keep those doors open, so to speak; by timing your move perfectly, you’ll avoid going through this during the busiest time of the year.

Plan it for a time when you expect that traffic is a bit slower so that you’re able to get back on your feet as soon as you’re settled into the new office. Making this move in the middle of your busiest period will not only ensure that you forget about something in the rush – but you’ll risk losing out on quite a lot of money as well.

Take care of your business processes

Finally, you can’t even think about moving before you’ve handled the most important processes of your business and had a chat with your suppliers. They need to know where to find you, after all, and it’s important in order to maintain a good relationship with them as well.

Don’t forget to let your cleaning company know as well, by the way, as well as anything else you usually get delivered to your office.

Go through your office furniture and consider what you’re bringing with and what you’re purchasing, have a look at your new office contract to see exactly what it covers in terms of essential amenities and talk to your current suppliers for their support during the move as well.

While there is a lot to take care of before you can move office, the rewards are definitely worth it whether you’re doing it for the sake of having more space or just taking back control over your brand and environment. Get the steps above over with as soon as possible and you’ll be able to settle in a bit quicker.

 

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Get Your Business Going Global

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If you can get your business to go global, you can open the door to so many different possibilities. Going global is the ultimate challenge, as well as goal, for any company. But not just any company could make it there. There’s so many factors to think about, and so many risks that your business could face if the gamble just doesn’t pay off. Because at the end of the day, we definitely do think that it is a gamble. But if the gamble pays off, there’s no end to the things that could happen to your business. The potential to earn would increase more than you’ve ever known, and the possibilities you’ll give your employees would grow and grow. We definitely do think that trying to go global is something you should think about starting, or even better put the wheels in motion for. If you want to try and put the wheels in motion, read our article, and get your business going global.

When Would Be The Right Time?

You really do have to know when the right time is for something like this. It most definitely isn’t something that you can just dive right into, or you really will risk coming into some big financial trouble because of it. We also think that you will just know when it is the right time. You’ll see the figures that your company is bringing in, and you should be able to see a way into the overseas markets. If you just sell online services, then everything gets so much easier. All you would need to do is market in that country. But if you were to sell products abroad, it’s all about finding the right trade deals and the right companies to facilitate them. You might have every idea about the products you want to sell over there, and where you want to sell them, but it’s never going to happen unless you secure yourself a trade deal. Get researching today, and see what you can find! The right time is most definitely when you’ve got the profits to do so as well. You have to be super comfortable, and have plenty of money spare to facilitate an idea like this!

Get Your Business Overseas

Moving your business overseas is going to he hard because you’re going to have to consider two things. Where will you base yourself, and where will you base your overseas company. If you’re moving an entire office there because you have staff that want to follow you, you’re going to need an overseas office relocations company to help you with the move. It’s going to be expensive, but as we’ve said, the gamble should eventually pay off. Once your business is overseas, there’s so many people that you’re going to have to make connections with aside from the trade deal. Employees, fellow companies , it all needs to be thought of!

Managing A Global Company

Finally, you need to make sure you have the right mindset to run a global company. You have to think about how busy your company is at the minute, and how busy it would be if you were running it in two or more locations. It is a huge commitment you can’t really back out of.

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7 Ways to Make Your Home Office Safer

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When we work as employees out of the home, our workplaces are subject to rigorous health and safety checks and risk assessments. Every layout is inspected. Every piece of equipment has a safety check, and anything that could pose even the slightest risk or threat to our health and safety undergoes a risk assessment, to ensure that those risks are kept to an absolute minimum.

When we work at home, we take our safety into our own hands, as we do in all other areas of our houses. You probably don’t worry about your safety outside of making sure you are comfortable. You assume that you are safe because you are at home. But, this might not be the case. Your home office could be posing more dangers than you might imagine. Here are seven ways that you could make it safer.

Get a Chairmat

You probably don’t think your office chair poses much of a threat. But the addition of chairmats can make moving around smoother and softer. Your chair won’t get caught on the carpet, and it won’t be able to tip over if you get it stuck and put too much pressure on the wheels as you try to move. A chairmat will also protect your floors.

Think Ergonomics

Sitting at a desk for long periods of time can damage your back, your neck, and your legs. It can lead to long-term issues with your posture, as well as sore wrists and achy legs. Lay your desk out ergonomically. So that you can see your screen without straining either your eyes or your neck. So that you can sit straight and comfortably while being able to reach everything. Set things up so that your wrists can rest comfortably when you type. Just a few small changes can make things much more comfortable and prevent long-term risks.

Clean Up

Clutter and spills cause a lot of accidents. Keep your office space clean and tidy and mop up spills as they happen. Get into good habits, and you’ll be much safer.

Maintenance

Another leading cause of injuries and accidents is faulty equipment and machinery. Clean these regularly, have them serviced once a year, and fix any faults as soon as you can.

Keep it Bright

A dark office is never good. You won’t feel alert and focused. You will get sleepy and distracted. You’ll strain your eyes, and you’ll risk tripping. Keeping things light and bright is a much better option for your health and your mood.

Clear the Air

If your office is a smaller room, it might quickly become musty and dusty. This can be bad for your health. Open a window if you’ve got one, keep the air clean, and add a leafy green plant to help.

Lock it Up

Your health isn’t the only thing that can be unsafe in your office. You might assume that it’s secure because it’s in your home. But, if your office contains expensive equipment, it’s worth updating your home insurance, looking at your home safety and adding some extra security measures.

 

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Is Your Office Comfortable?

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Something which is important to staff, guests and partners alike is just how comfortable your office is, and yet this is something that is often something of a last minute concern when business owners are setting up their offices. If you have come to realize that you could probably make your office considerably more comfortable, and that there would be many benefits to doing so, then you are on the right track. The truth is that a comfortable office tends to have higher morale, and is much more likely to be the home of good work as a result. If you are wondering what you can actually do in practical terms to make sure that your office is comfortable, then read on. Here are some of the best ways to go about that, so that you can make sure that your employees and your guests are as happy as possible in the workplace.

The Right Furniture

The furniture is hugely important if you are to make sure that you office is comfortable, and it is probably going to be the first place you look and the first thing you think of changing if you want to make this particular change in your office. By playing around with the furniture, you can hope to keep your people as comfortable as possible, but you will want to consider how much of a difference it will make to treat yourself and your staff to some really good quality comfortable furniture like that from civic australia. You will find that that really does help to make the office much more comfortable, and fast, so it is something that you should think about first and foremost if you are hoping to achieve that in particular.

Enough Space

You will also need to ensure that you are providing plenty of space if you want your office to be truly comfortable, as this is just as important as what kind of furniture you happen to be providing for your employees. By ensuring there is enough space, you can be sure that your employees and guests are not going to feel too crowded, and that the office itself will have a generally calmer atmosphere, which also helps with such matters. Often this is a simple case of playing around with how things are laid out, but sometimes you will need to downsize or do away with some of the items in the office too.

Light Levels

There are a whole range of subtle things which affect comfort levels too, and you need to pay attention to them as well if you are to keep your office as comfortable as possible. One in particular which can make a difference is the light levels in the office, which can really dramatically affect how comfortable or not people feel. Fortunately, it’s also something you can control fairly easily, so make sure that you are doing so if you want everyone to be as comfortable as possible in the office.

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Making Money From Property: Whether You Rent or Own

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Whilst making money from property, as a tenant is a much more contentious issue than if you own the property yourself, as many tenancy agreements include a strict clause pertaining to subletting and making an income from the property… today, in the world of AirBnB many tenants are making extra income from hosting people via AirBnB for instance.

This is a particularly good option if you live in a prestigious property in a good location, such as those by Meriton. Yet, today, there are all sorts of ways to make money from property whether you are an owner or a tenant.

1. GET A LODGER
If you have a spare room, then getting a lodger can be a great way to make a consistent and reliable monthly income from your property. Of course, if you rent, you must be a little careful in terms of violating the terms of your tenancy agreement – and similarly, if you own the house, you must be careful in terms of what is considered a “commercial arrangement” versus merely renting a room out, as a “normal” person.

Renting a spare room often provides a more reliable monthly income than concepts such as AirBnB that are more sporadic in nature, yet of course, monthly rent will be capped in terms of the amount you can make – whereas AirBnB has potential to make a lot more money.

2. HOST AN INTERNATIONAL STUDENT
Something that pays quite a lot of money is to host an international student; this often requires you to provide two meals a day in addition to a little tutoring when it comes to learning English, along with providing a room, but the amount you can make from this is substantial.

3. AIR BnB
AirBnB offers a more profitable alternative, at least in terms of the amount you can charge each night, than the idea of getting a full-time lodger. It’s also much more flexible in the sense that you can decide when people stay or when you want your house to yourself – by simply blocking out time on your availability calendar.

There are pros and cons to both AirBnB and having a long term lodger, so it depends on what you’re looking for, but if you live by a major airport or venue, AirBnB might make a lot more sense as you can sell your room at a premium due to the economics of supply and demand.

4. RENT OUT YOUR GARAGE
Many people don’t want someone else living in their space, but are happy to rent out their garage as storage space in order to make some easy money.

5. RENT OUT YOUR DRIVEWAY
If you live in a busy town and are centrally located, or near a transport hub, such as a train station you might want to consider renting out your driveway as a parking space. If you work office hours yourself this could be particularly useful, as during the day, when the driveway would otherwise be empty you can make money whilst adding to the security of your home due to it looking like someone is in.

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3 Things You Must Never Do When Hiring

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When you’re hiring for your business, there are all kinds of things you can do to make sure you end up with the right candidate. Somebody who has the qualities that you really want and fits in with your company culture. However, there are 3 things you absolutely must never do when hiring. Take a look below and get an idea of what they are:

1. Discriminate

Discrimination, whether for somebody’s sex or skin color, does still happen. You can’t discriminate because of these things, nor can you discriminate because of things like age, sexual orientation, etc. You need to give everybody a fair chance and be open to hiring the best candidate whatever those circumstances are – but hopefully, you already know and believe that.

2. Look For The Wrong Things

Before you start interviewing, you should have a very good idea of what you want in a candidate, but you should also remain flexible – what if your candidate is a great match for the culture and the role in other ways, but has very little experience? It’s important to consider just how essential some things you’re asking for are, so you don’t rule anybody out for poor reasons.

3. Fail To Structure The Interview Process

Structuring the interview process will mean everybody is interviewed the same way and has a fair chance. Have the questions you want to ask written down, as well as who else will be involved in the process.

Below, you’ll find 7 essential recruitment steps so you know what you actually should do when hiring!


credit to  7 Essential recruitment steps by ELMO Software

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The Experts Your Home-Business Needs

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More and more young adults are looking into the prospect of starting their own business. In fact, some of them might have already established their first commercial entity as they were still studying.

The surprising reason for this increase in independent career choices can be directly linked to the need to maintain a healthy work/life balance. As too many employers have failed to adjust to a remote working society, the employees of today prefer to launch their own business from home, where they’re close to their family. However, working from home doesn’t mean that they have to do everything by themselves. On the contrary, if you want your business to flourish, you need to surround yourself with experts who know what they’re doing. Indeed, multitasking is never an option. But outsourcing to professionals can be the way to many home-based businesses.

Building the basics

Before you can rely on experts to help you make the most of your business, you need to establish a stable and healthy base for your career to grow. Indeed, you can’t afford to get stuck in your everyday routine on things such as naturally occurring distractions. You work from home, needless to say, your pets, children and chores are likely to stand in your way. Your job is to stick to your work schedule and ignore everything that isn’t relevant – unless there’s an emergency, of course.  

Only then can you consider hiring professionals to tackle challenges that can prevent your business from growing.

Someone who gives your clients a professional greetings

When you work from home, it can be tempting to share your personal phone number and email address with your clients. However, you should refrain from doing so. You need to maintain your privacy. Consequently, you should ensure you’ve got a business email address and phone number, preferably with a virtual assistant who can take calls on your behalf and schedule appointments. You can also ask your assistant to answer simple questions about your activities. In the long term, being able to filter your leads saves you precious time.  

Someone who looks after your accounts

Growing your business comes with additional financial challenges, from tax returns to cutting business costs. In your day-to-day business operations, a professional accountant can be a life-saver when you’re trying to maintain your cash flow afloat. You can rely on their expertise to oversee all financial processes and prevent issues with the IRS by keeping your books up-to-date.

Someone who manages your marketing presence

Last, but not least, you need a digital presence. While building a website can be a one-off project, your social media presence requires constant attention. Working directly with a social media manager will help you not only to make the most of the marketing tools available for your social platform, but also to establish an engaging social media strategy. Too many entrepreneurs use social media as a way to shout out about their news without engaging their audience. A professional manager can ensure your message is heard, shared and appreciated.

Being your own boss is a challenging career that requires dedication, entrepreneurial mindset and strategic approach. If you are to succeed, you need to surround yourself with experts you can trust to maintain the professional profile of your business on the market.

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