Small businesses are often plagued with many different kinds of risk, big and small. Although some risk is simply unavoidable, many times you can influence how much you are exposing your organization to negative effects and can make sure that it’s the least amount possible. Ensuring long-term employees, minimizing security risks, controlling and properly managing your finances, and remaining flexible at all times are just a few crucial ways you can help your small business reduce risk. [Read more…] about 4 Ways Technology Can Help Small Businesses Reduce Risk
Organizations of all sizes struggle to retain top talent and improve performance of those at all skill levels. A mentoring program is one way to deal with both of these issues. Internal mentoring programs have a number of benefits for employees throughout their careers, though the greatest benefits are for new hires. Here are three reasons your business needs an internal mentoring program.[Read more…] about 3 Reasons Your Business Needs an Internal Mentoring Program
Gregory Fishman, the president, and chief executive officer of Resolvly, started his career at the age of 19. He was first employed at a chemical manufacturing company as the national director of sales. Gregory was later promoted one year after working at National Interchem to become its vice president. He worked at the company for close to three decades, and he spent his final eight years at National Interchem as its president after buying it from Art Saltz who was the original owner. However, Gregory Fishman later sold National Interchem and moved with his three kids to Florida.
If you wanted to work in an office shuffling paper youâ€™d be working for city hall, right?
No tradesperson is in it for the love of the white stuff.
Is there a better way to handle your job management?
Paper is so 1950s. Itâ€™s almost 2020. There are better ways to manage your operations.
How many apps do you have on your phone? Is there an all-in-one app that could automate all your admin functions?
One app would be better than separate apps for each function. One would be easier to get your head around, and the different functions would link together without you having to spend time working out how to connect them. [Read more…] about Job Management Techniques that Will Boost Your Profits
Every business needs an investment in equipment and people to succeed, and the investment requires careful planning. In addition to equipment and technology assets, you need to hire workers with a variety of skill sets. Use these tips to think about your business needs, eliminate wasteful spending, and grow your business.
Successful businesses make constant improvements to operate profitably and outperform the competition. Your processes for manufacturing a product, delivering a service, and invoicing customers may require dozens of steps to complete. Management tools, such as lean six sigma, can help you analyze each business process and eliminate unnecessary steps that cost you time and money. [Read more…] about Smart Investments To Grow Your Business
When you start a business, itâ€™s important to take the time to make sure that you do everything you can to better the chances of you having success. There are many first-time business owners who make the mistake of thinking that they can figure things out along the way and end up getting themselves in huge financial trouble. The following guide walks you through a few ways you can properly prepare when opening a business to ensure you have as much success as you possibly can.
Have a Great Website Created
Most people look online before going into a new business to find out more about it. Having a great website created for your new business is important. Hiring professionals is a great way to ensure that your search engine optimization is as great as it can possibly be so that the site is easy for users to find and navigate. [Read more…] about Six Things Every Business Needs in Order to Be Successful
If you have a business, itâ€™s important that you take your customer reviews seriously. Listening to what your customers have to say can help your business grow and will give you the chance to make any needed improvements. Quite often, customers will share their feedback on review websites and specify the particular things that they liked or disliked about a product or service. By checking your reviews frequently, youâ€™ll be able to gain a better understanding of what exactly your customers want.
Responsiveness Makes Customers Feel Special
People like to be heard, and your customers will feel like you care if youâ€™re willing to respond to their reviews. Communicating with your customers through review comments can make your business seem more personable and may help attract new customers while retaining your already existing ones. Even though it will be difficult to respond to every review, making a point to address as many comments as possible will help you stay better connected to your customer base. If a customer leaves a positive review on a given website, you should show your gratitude by writing a brief response that thanks him or her for using your business. If you notice bad reviews, offer your apologies and ask the dissatisfied customers how you can make things better for them.
As your business grows, you reach a new perspective about what is possible. Besides expanding your business nationally, you may also want to expand your business to an emerging economy.
If, for instance, your market research shows that your products will be well received in India and your cost of doing business will be lower there, then you may want to jump on that option.
Still, it’s not always smooth sailing when it comes to setting up a branch in another country. Here are some challenges that you may have to face and some suggestions on how to deal with them: [Read more…] about 5 Challenges To Overcome When Expanding Your Business To Emerging Economies
Online businesses are growing these days, that’s a fact. For many people with a strong entrepreneurial spirit, launching a business online is a good option because of the advantages compared to starting a brick and mortar one. It’s less costly and one can manage it whether at home or even while traveling.
But while starting an online shop may not be as physically stressful, one still needs to ensure that his or her ecommerce site is fully functional. More than the website design, other important elements have to be taken into consideration to promote a seamless experience to customers. These are the hosting, search engine optimization (SEO), and speed aspects. [Read more…] about If You Have an Online Business, You Need to be Taking Your Hosting Seriously
If you’ve made the decision to start a franchise, it’s because you realized after doing your due diligence that your chances of business success would be much higher if you used a turnkey business model rather than starting one from scratch.
In effect, you were buying a proven system already in place, with plenty of support on how to run the business. After reviewing the best franchises, you decided to go with one that had a well-established corporate image and that had succeeded in creating high brand awareness for its products or services. [Read more…] about 5 Steps You Can Improve Your Franchises’ Customer Experience