In business, the operating cost matters a lot. I’m sure I don’t have to tell you this, and you probably agonised over every single penny you spent in the infancy of your business. However, as the operation grows, and you have to worry about more and more factors, it becomes progressively harder to keep tabs on the amount of money you spend. Here, I’ve listed our best tips on reducing your costs as you scale your business.
In between all the other concerns that a small business man have, whether to move premises or not is typically not high up on the priority list. However, this doesn’t mean that it shouldn’t be on the agenda when you’re thinking about your company’s future. In fact, there are many reasons why a move might be beneficial. If your current offices are looking a bit shabby, you might just want to cast your eye out across the neighborhood and see what else is out there.
Employee engagement has an impact on everything from productivity to employee retention to morale. A variety of studies have found that highly engaged workplaces have 20% or higher productivity and profits per employee than those that don’t. Let’s look at three ways companies can improve their employee engagement.
Video is one of the most powerful ways to market to huge numbers of people. If you approach this marketing strategy in the right way, it has the potential to generate new business like no other marketing methods can. However, if you produce poor quality videos, it can affect your business’s reputation and it could cost you a lot of money in the long run. This is why you should be aware of the tips below, so that every promotional video you create from now on is a success.
Many small businesses overlook the importance of credit control. They assume that because the orders and sales are rolling in thick and fast, everything is great. What they fail to realize is that if a few customers don’t pay, their cash flow will dry up.
You need to be proactive about collecting payments from your customers. It’s not enough to send out an invoice and forget about it. There will always be some customers who wait as long as possible before making payment. The problem is that if you don’t have enough money flowing into the business, it affects your ability to pay your own suppliers. Some might be understanding, but others, in particular the IRS, definitely won’t take kindly to being made to wait for payment.
There are a lot of interesting crafts that can be turned into a home business. You can start with an idea you actually love and develop unique, beautiful products that customers are willing to buy. There have been plenty of successful businesses built around home crafts and creative art too.
Turning a hobby and a craft into a business is actually easier than you think. In this article, we are going to take a closer look at how you can take the crafts and creative projects you love so much, make them into a business, and then take that business to success. Let’s get started, shall we?
For your business to succeed and thrive, you need dedicated and hardworking employees working together in harmony. And to have that, you have to keep your staff engaged. The people you want to have on board are those who are enthusiastic and committed to doing their job.
However, according to a recent study, there are only about 13% of employees worldwide are engaged. This means that the majority of workers around the globe are unhappy, unfulfilled, and unproductive. Employees like these are the ones you should avoid having, as they can cause a string of negative effects on your business.
While these workers can be a source of frustration and can hurt company performance, an effort to improve your people management skills can turn the tide. Here are 7 tips that can help you keep your employees engaged and motivated:
It can be quite daunting when you first leave the world of work behind to set up on your own, and even more intimidating if this is your first time dipping your toe into running a business. Not everyone’s cut out to make millions. In fact lots of new businesses, and start-ups fold within five years. Still, there are a few key things you can do to give yourself the very best chance at success before the ink on your company logo’s even dry.
If you own a small to mid-size business and need to find a trusted professional to address the needs of said business, there are a variety of routes to choose from as you are starting out. Depending on what it is that you need you may feel like you are trying to find the proverbial needle in a haystack – especially if you don’t have a huge network of contacts built up.
The world of business is constantly on the verge of change. This is something that anyone who is involved in a business at some level knows within their heart. To build a business which will stand the test of time, you need to know what the common challenges facing businesses are, as well as having a keen idea of how you might go about fixing those issues. In this article, we aim to help in that endeavour. We will look at some of the major, most common problems that arise in businesses of all kids today, and discuss how you might go about fixing them in an easy and fast manner. Let’s take a look.
