When you are launching a new business, there are a million and one things on your mind to get right. Chances are, procurement is not near the top of the priorities list. In some respects, that is understandable. Most businesses start small, and, in all likelihood, procuring the necessary supplies seems a simple matter. Identify the need, find a supplier, order it, pay for it, done.
While many business owners have recognized the value of outsourcing to a financial services provider, there are still many others who handle these matters in-house. If you’re included in this former group, you may think you’re getting a better deal without really exploring what a professional service can do for your company. There are many advantages that a professional and specialized service can provide. By looking into the available options, you may be able to outsource services that can free up time and improve your business’ overall productivity.
Happy employees are productive employees, and guess what? A happy boss is also a productive boss. Today’s work environment focus is fun, and you can thank entrepreneurs such as Sir Richard Branson for that. Don’t curse his name. Rather, tap into what he tapped into years ago and create a workplace that fosters positive mindsets. One crucial element to this is a work-life balance that lets your employees know you know they have a life outside your doors. Here is why this is so important.
Workplace productivity can completely change the way your business is run and how efficient it is on a daily basis. Productivity is the basis of any successful organization, and productive employees feel happier and more fulfilled with their work lives. From a business standpoint, your employees are an investment. To make the most of that investment, you should be providing them with the necessary tools to be able to do their job easily and seamlessly. If you notice that there’s a lack of productivity in the workplace, there are a few things you can improve employee productivity.
Setting up a business is just the tip of the iceberg. Making it successful and maintaining its relevance is a daunting task especially in this era of digital transformations. Communication is like glue. It holds the organization together. Proper communication between the management and the subordinate is the force that makes the company excel amidst competition. Creating an appropriate culture of communication takes effort, time, repetition and thoughtfulness. Below are five effective ways to communicate with employees:
Small business owners know that there are times when cash reserves can dry up. This may be as a result of unexpected repairs to equipment, an unanticipated re-supply of stock, a brief period of lower demand for goods or services, a temporary revenue shortfall, or simply a month or two when the numbers don’t quite add up as expected. It happens to most enterprises at some point, so there’s no need to be unduly worried.
To help you over a temporary financial hurdle, you may benefit from taking out a short-term business loan. This is a type of finance that provides your small business with an injection of working capital. You will receive a lump sum that must be paid back over a set time, usually a shorter window than other loans. When you take out a short-term business loan, there may be lender fees added, and the interest rate is also likely to be higher than loans paid back over a longer period.
In this article, we’ll talk you through the advantages and potential disadvantages of this solution.
Cloud hosting has been around for a while, though its’ acceptance into mainstream usage has only really occurred over the last few years. There are still a number of sceptics when it comes to cloud storage/hosting, though advances in technology have long since seen the early security flaws of this system patched up. Nowadays it’s as safe as any other method of online storage, and gives a massive number of benefits on top.
Time is a precious commodity that many of us seem to not have much of nowadays, however when at work there always seems to be some way to waste a few minutes here or there… Time wasting at work is extremely common, more common than you may think, in fact the average employee wastes a whopping 759 hours per year and that’s after the introduction of time and attendance software… So, what are the causes of all this time wasting? How much does this cost the economy? And how can we help reduce time wasting? The infographic below explains all.
Running a trucking company can be a good way to find financial freedom. Sure, in the earlydays, you will be the one putting in the miles behind the wheel, but over time you can build up your fleet and this will help you to take care of your family and the people who work for you.
But one question remains. If running a trucking company is a great way to make money, why aren’t more people doing it? Like everything in life, it is the ‘doing’ which takes a great deal of work. With that in mind, here is a guide on how to run a successful trucking company. So, if you want to become a trucking mogul, then read on.
E-commerce and the accompanying demand for e-commerce fulfilment are continuing to grow as business sectors. Last year, the world e-commerce market reached 22% of the population (Hootsuite, 2017).
The line between e-commerce and m-commerce narrows more and more. The use of e-commerce in 2017 reached 22% of the world’s population and half of the users who bought through the Internet do so through mobile devices. This is evident in the Global In 2017 report on digital trends developed by the agency We Are Social in collaboration with Hootsuite.
