In business – time is money, there’s no doubt about that. Especially in today’s globalised world, where companies are able to exchange information with customers and business partners within seconds. Sometimes however, if not planned and executed correctly, what seems like a great business advantage, can create serious difficulties at the same time.
Go global!
One of the principles of a globalised market is dealing with partners and customers based in different parts of the world and those who natively speak a different language to the one your company communicates in.…
The greatest asset of a successful business is its people. To become the best of the best, your people must be happy, engaged, and have values aligned with those of the business you conduct. This puts a lot of pressure on the HR department, who is responsible for managing this particular asset effectively.
The role of HR in a 100% remote company goes above and beyond the expected responsibilities of an HR department to be ranked accordingly. Here’s what that looks like.…
Customer loyalty is often associated with B2C markets. But in order to stand out in often saturated and competitive sectors, B2B companies should use it as a way to ensure they don’t lose their customers to competitors too. From creating repeat business to achieving bigger sales, there are many benefits of achieving customer loyalty. However, it is especially important for B2B businesses because they often focus on finding new customers, rather than keeping their current ones engaged, interested and happy.
Research from Gallup, a research-based global performance management consulting company, has shown this is a problem.…
Business organization is essential to maintaining smooth business operations and increasing employee productivity. The latest Office Depot Small Business Index shows that 83% of small business owners believe an organized workspace is a critical part of their business. About 63% percent believe that organization correlates to their business’ profitability.
Whether you’re blessed with natural organizational skills or not, there are several things you can do to make sure your business is organized.
Here are five tips to organize your business:
1.…
Labels and stickers both serve important purposes for our daily lives, including in our work lives. We need labels to be able to quickly identify things and stickers are used on almost every product so we can tell how much it will cost. If you need to get the stickers or labels off of an item, it can definitely be a little bit annoying. Getting the sticker or label off might actually wind up being somewhat easy, especially if you used glass easy peel labels.…
Warehouses are an attractive place for burglars to target. They’re usually full of valuable goods just waiting to fall into the wrong hands, usually at night when no one is watching. Luckily, there is a way to decrease the chances of that happening, and every warehouse owner should at least consider implementing the following things:
1. Surveillance cameras
Surveillance cameras, just by being there, often deter the would-be criminals from even trying to set foot on your premises, as doing so would be a far too risky move.…
Risk is something that is inevitable. When confronted with a risk, organizations can falter or prosper, depending on how prepared they are with the uncertainty. This makes it important to put an emphasis on risk management, which will be a key element of the success of any business.
How will it be possible for businesses to manage risks? Keep on reading and we’ll share with you some of the ways by which risk management can be implemented.
Seek Outside Help
This is especially true in the case of a small business without the luxury to have enough human resources.…
Are you the proud owner of a new small business? Depending on how hard you want to work to succeed, you won’t be small forever. But first things first. You’ll need to take advantage of all of the great new ecommerce web design technology that is transforming the face of business on the web.
This means making sure that your official website comes complete with all of the latest small business ecommerce solutions. This will definitely include a web store and shopping cart.…
The global outsourcing market is worth $88.9 billion in 2017 and this figure is expected to remain steady. Whether it is to address a talent gap or to improve the value of a service, outsourcing certain parts of a business make sense. It improves overall productivity, ensures the best performance in that sector and leaves managers with enough time to concentrate on the things that matter the most such as management and steering the company in the right direction. In addition to cost-efficiency, you reduce overhead costs and improve operational control.…
You’d be forgiven for thinking that a new enterprise has little chance of competing against a large, established organization. True, existing conglomerates have the upper hand in terms of budget, resources, and manpower. Yet there are many benefits to being a small venture, and indeed these can provide a great competitive edge for small and independent businesses launching into the market.
From commercial aspects such as focused marketing spend to greater agility and authenticity, here are some of the characteristics small brands can bolster to compete against bigger companies.…
