What do You Need to Know before Starting an Engineering Business

March 24, 2016

Engineering
Engineering is one of the most reliable, thriving industries out there. No matter how the economy is performing, there will always be a demand for good engineers. We will always continue to build higher, explore further, and invent new technologies. Engineers are at the heart of these industries, and there’s a secure, exciting future ahead. However, not all of us fit the mold for working at a traditional engineering firm.

Some engineers also have an entrepreneurial heart. After all, the engineers are the world’s best inventors. So, how does an engineer start building a business? How do they compete with the biggest companies in the industry? In this post, we’ll dig into the specifics of starting an engineering company. Think you’ve got what it takes?

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How to Grow Your Business with Limited Budget

March 23, 2016

Budget

Every small business owner has a dream of growing his business to become next Amazon.com. The sad reality is that there are very few of them who can get there. The key challenge for many small business owners is to grow the business with the limited resources they have. As it is said that it takes money to make money. Whoever can find a way to grow without increasing cost significantly will be the winner in this resource constraint world. So how do you achieve that Holy Grail? Here are few tips you can use to minimise your spending without sacrificing growth.

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3 Important Tips for Making your Small Business a Success

March 23, 2016

Success
Nearly half of small businesses fail in their first 3 years of existence. Success is in no way guaranteed when you are starting a small business. Part of the reason for this high failure rate is that small businesses have limited resources to work with. Oftentimes the owner of the business is managing all aspects of the business – From managing accounts to getting effective marketing materials produced to running the day to day operations of the business. As you can imagine this can get really busy, really fast. If you are not careful you may end up burning yourself or, even worse, your business can fail. Here are 3 tips you can use to alleviate the burden to some extent and succeed as a small business owner.

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3 Services Your Business Should Consider Outsourcing

March 17, 2016

Outsourcing
Running a business can be as stressful and draining as it is rewarding. Quite often it can be easier and far more efficient to outsource particular roles and services to professionals outside the business. There is nothing wrong with getting a bit of outside help for certain tasks and outsourcing can help save you and your business a lot of time and stress.

If the manager is also the one answering phones and emptying the bins, it might be a good time to consider outsourcing. Here are three areas your business could potentially use some outside help in.

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3 Step Process to Sell Your Business without a headache

March 13, 2016

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While it’s important to understand that selling your business is a serious undertaking and will require a lot of work, it doesn’t have to be a stressful headache. If you are not well prepared sling can be very stressful. What’s more, you’ll get less money for your business than you would have if you’d prepared ahead of time. On the other hand if done properly you can not only sell your business faster and for more money, but also you will have less stress throughout the process. Here is a 3 step process we have identified that helps you accomplish just that.

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How to Organize Team Building Events to Create Lasting Bonds

March 13, 2016

Team Building

Post by Dan Colgan, Founder Rock Paper Team LLC

Corporate team building is a great way for companies of any size to discover new ways of working that can transform their business environment. Team building activities build skills and strengthen teams, while promoting synergy and bonding between employees and team members.

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What’s in a contract? Legal jargon debunked

March 12, 2016

Legal Contract
From buying shares to starting a new job, there are several important agreements which require legally binding contracts to protect the interests of both parties. These contracts will equip you with the right to take the other party to court if they do not adhere to their side of the agreement and will also protect you should the other party contest your actions in any shape or form.

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5 Biggest Business Mistakes You Must Avoid

March 9, 2016

Mistake
As many of us know, over half of all businesses fail before their first birthday. I don’t tell you this to scare you off. Actually, it’s quite the opposite. I use this statistic to encourage you to work even harder at your dream. Only a small percentage of companies survive the early years, and it takes an enormous amount of perseverance.

It also means avoiding some of the biggest mistakes and pitfalls. As a new business owner, you can learn from the mistakes of the past here. While you may be relatively inexperienced, the same mistakes are killing businesses time and time again. Learn them, and you can avoid them.

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Workplace Safety Tips All Employees Must Follow

February 23, 2016

Workplace Safety
No matter how many policies and guidelines are laid out for workplace safety, it’s impossible to have a work environment that is hazard-free without ensuring that all employees are aware of those guidelines and put them into practice. A safe working environment is based on how all workers of all levels adhere to and communicate about safety standards at work. The foundation of any workplace that is safe with minimal risk of hazards and danger is one which encourages employees to identify any hazards and unsafe behaviors which they see as well as offer their own suggestions for improving safety.

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3 Things to Consider Before Expanding Your Business Abroad

February 22, 2016

International Business
Often when looking to expand your business going international is the best way to do it. Globalization has enabled businesses of all style and size to go after customers they were not able to before. Reaching to new markets and a different selection of customers overseas can be hugely beneficial for your business and literally open up a whole new world of clients. However, it is worth remembering that international expansion does not come without its own risks. There are a few essential things to consider before expanding abroad. Here’s the top three:

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