5 Ways to Attract More Customers to Your Restaurant

March 3, 2021


Given how fierce the restaurant industry is, you must be proactive to stay ahead of the competition. Statistics indicate up to 60% of new outlets fail within the first year, with more failing to celebrate the fourth anniversary. You might have the tastiest food but won’t become profitable without attracting enough customers.

The other challenge involves instilling loyalty in your diners. You also want them to leave positive reviews and advertise your business to family and acquaintances. The following tips will help you attract more patrons to your eatery:

[Read more…]

Filed Under: Management Tagged With:

How to Minimize 3rd Party Risk at Your Business

March 1, 2021


Risk is a natural part of running a business. Companies need to find an effective method to manage risks while remaining solvent, whether related to vendors and supply chains or spend risk. One of the most significant challenges today is following through on due diligence to assess your suppliers and ensure your business (and your customers) are not adversely affected by spending risk associated with third parties. Managers need to take a new approach to the process, which begins with making a good risk management strategy. Making risk assessment an integral part of your risk management strategy is key to fostering good relationships and building future success. Here are just a few ways to mitigate, assess, and manage supplier risks at your organization:

[Read more…]

Filed Under: Management Tagged With: ,

10 Things Every New E-Commerce Business Must Plan for

February 28, 2021


If you’re considering starting a new e-commerce business, there are quite a number of things you need to map out—everything from what you will sell to what shipping services you’ll use matters. You shouldn’t ignore the fine details either. When you consider around 20% of small businesses fail in their first year, the stakes can be pretty high. Here are 10 things every new e-commerce business must plan for.

[Read more…]

Filed Under: Management Tagged With: ,

Why Outsourcing Payroll Services Can Boost Your Small Business

February 24, 2021


Since setting up your small business, you’ve probably had to learn a wide variety of new skills and hone your talents in order to run your company successfully. Whether it’s marketing and advertising or e-commerce fulfilment, there’s always something new to try your hand at. There can be many benefits to handling all these tasks in-house, especially if you have the time and you enjoy them, however, in many cases, outsourcing tasks such as these can offer you more advantages when it comes to empowering your business to thrive.

One of the areas in which this is most true is payroll. Even if your business is still small and you only have a few employees, hiring external experts to take care of tasks such as salary payments and pensions can be a very smart decision. Here’s why.

[Read more…]

Filed Under: Management Tagged With: ,

Infographic: Is Singapore Ideal Location for Property Investors?

February 24, 2021


As an entrepreneur, you can’t go wrong with some property investments. Many people manage to create their own property empire, but it’s also a smart way for business owners to store their wealth. Tying your money up in physical assets like property means that it is more secure than in a bank, and it can appreciate in value a lot faster. The trick with property investments is learning the best locations to buy. While this can mean locations within a certain country, it can also mean locations as in different countries/regions.

[Read more…]

Filed Under: Management Tagged With:

4 Biggest Threats To Businesses In 2021

February 23, 2021


There are always threats to businesses that owners need to be aware of, but obviously, the landscape has changed greatly due to COVID-19. The pandemic in itself remains an enormous threat to businesses and has also created a range of other potential threats, so business owners need to be aware of the key threats in 2021 and how they can be managed. When you know the threats and how to protect your business, it will hopefully help you navigate this challenging period and give you and your team confidence in the operation each day. So, what are the biggest threats facing businesses right now?

[Read more…]

Filed Under: Management Tagged With: , ,

How to Deal with Various Types of Road Accidents

February 23, 2021


Experiencing a road accident can be a traumatic situation, especially for the one who experienced it. In most cases injured is eligible to claim for compensation, but lack of awareness sets you back. Therefore, we have created this post to alert readers to what are different types of road accidents. And how you can look for a claim. So, if you ever meet with an accident and did not claim compensation, read till the end to find your solution:

[Read more…]

Filed Under: Management Tagged With:

4 Expert Tips to Select the Right Property Management Company

February 21, 2021


With real estate investors, one of the most common and biggest problems is dealing with tenants. Managing them and working on the search for other investment properties can be an uphill task. This is the time when property management companies come into existence.

New landlords do not prefer to hire such companies as they think it’s a huge investment to hire them. But they certainly forget the benefits attached to it. This article will make it clear to the real estate investors who are searching for such a company but do not have any idea about it.

With the following tips so you can simply know how to choose a company and when you are searching for one then what to look for.

[Read more…]

Filed Under: Management Tagged With:

3 Ways to Improve Your Teamwork in Your Business

February 16, 2021


We are more than a year into the Coronavirus pandemic and it’s fair to say that we are all still figuring out how best to do manage and run our teams in such extraordinary circumstances. Everyone who manages a group of people has had to learn how to adapt to new ways of working, they have had to provide flexibility for colleagues going through some difficult personal circumstances, and they have had to learn how to juggle a hundred and one tasks while staying appraised of the latest social distancing rules.

Brighter times are ahead but it looks like we’re going to be in this situation for a while yet, so here are a few ways that you can make life in the virtual office a little easier and make sure that you and your colleagues are on the same page.

[Read more…]

Filed Under: Management Tagged With:

How to Boost the Credibility of Your New Business

February 16, 2021


All new businesses face the hurdle of being new. Without the history, the grown market share, and the reputation to speak up for it, it can be difficult to convince customers that your business is legit, never mind competitive, especially online. However, it doesn’t have to be quite so difficult. Here, we’re going to look at a few shortcuts to the credibility your business might need to ensure that you’re competitive.

[Read more…]

Filed Under: Management Tagged With: ,