Category Archives: Business

Three Kinds of Businesses that Do Not Feel Stale

Business owner packing a packageEver wanted to be a business owner but cannot settle on one business model? Have you tried before and found that you wanted to change the direction of the company a few months in? Sometimes, the best business is not one that is permanent.

Take a look at these ideas:


When one entity decides to let go of a business and puts it up for sale, they may decide to put up a private or public listing. In a public sale, anyone who gets wind of the sale can put in their bid. In a private sale, however, clients of those who have a brokerage firm or broker franchise like Transworld Business Advisors Australia will be clued in on the sale, and then negotiations can begin. A business broker assists in the transfer of the business from one entity to another.


House flipping. Yes, you already know how this works from the shows you’ve seen on TV. But what does this mean, exactly? A house flipper buys a rundown property, fixes it, and sells it with a little bit of profit. Others do it with a theme in mind; some change the layout altogether. And because more rooms can accommodate a bigger family, some flippers add a bedroom or two to increase the value of the property.


This one is not for beginners, unfortunately, but once you’ve acquired enough experience in running companies, you can let your previous concepts go and offer your expertise for those who are less experienced. Technically, you don’t have a business, but you are the business. It is your knowledge in the industry that will make you a valuable part of everyone’s arsenal. From best practices to building connections, your unique experiences will help a floundering business find its footing in their chosen market.

Not all businesses last forever, and sometimes that’s the best part of it. This way, you get to give them the attention they deserve before you have to let go.

4 Mistakes to Avoid When Setting up Virtual Offices

Technology and Business

This is where virtual offices come in. A virtual office allows business owners to rent space or conference rooms. However, you wouldn’t want your clients to come to a shell office, one that is not professional. For those looking for furnished offices,

Other than ensuring the services of virtual offices, there are also common mistakes you should avoid when setting up a virtual office for your company.

Micromanaging virtual employees

One of the reasons why business owners, employees, and companies opt for virtual offices is flexibility. However, business owners make one of the most common mistakes

Skimping on connectivity

Customer and team connectivity are paramount for the success of every business even if it’s operating from a virtual office. Unfortunately, some companies try to cut costs by skimping on connectivity. You need to invest in the fastest broadband connection to ensure that you remain in touch with your team and clients.

Failure to backup data

One of the sure-fire ways of destroying your business is by failing to back up your company data. The risks of losing all your data are high if you don’t backup data. The common solution would be to back up data with a cloud service or external drives.

Working without an IT plan

The other common virtual office mistake is allowing every person to come with their ideas on the technologies they want to use. The diverse ideas and passion can cause IT chaos. To avoid this, the boss or manager needs to have come up with an IT plan for all employees to follow.

When deciding to use a virtual office for your business, you still have to monitor your company’s progress and employees. Working remotely from a fixed office space has its own set of perks and disadvantage. Try to consider these avoidable mistakes before they could cost you your business.

4 Tips on Improving Supermarket Efficiency

Aisles at a supermarketEven with the rise of online stores and shops, physical retail stores are still a smart investment. There is a lot of competition from a lot of other stores, however, which means that the supermarket must be managed well.

One of the ways your supermarket can get ahead of their competitors is by making processes efficient. These are four tips that will work in making things more efficient in your supermarket:

1. Get the right equipment for storage and shelving

Supermarkets must be efficient with how they use space. One way to do this is by getting the right storage and shelving equipment. For example, a stillage cage can protect your product stocks even as you stack cages vertically.

2. Be smart about shift scheduling

You need to know the peak hours of shoppers. This is so that more employees will be scheduled to work during these hours. Most people buy groceries during the late afternoon or early evening. The weekends are also a hit among customers.

3. Purchase solar panels

Supermarkets utilise a lot of power. To lower electricity bills, buy solar panels as they are energy-efficient (and eco-friendly too!).

4. Offer grocery pick-up services

You have to face the fact that people have become so busy now that they will no longer have much time to do their groceries regularly. To help out with this, the supermarket can implement a pick-up system, where the customers can just place their orders online or by phone. They can then pick up their orders at a specific time.

Efficiency in the supermarket that you work in will boost the chance of the retail store to get more profit and earnings. It can also lessen the expenses involved in the operations.

4 Things You Should Have to Start a Home Office

Man working at homeIt is evident that technological advancements have changed the lifestyle of many people. The rise of the digital world has become a great tool to make things more convenient. You can now do almost everything within your fingertips.

Other than online transactions and e-banking, many people today have access to work at home. In fact, you can find thousands of job opportunities using the Internet. If you’re thinking about shifting to a home-based job, make sure you have a decent workplace.

To help you get started, here are some of the things you need:

1. Decent Work Area

The first thing you need to do is to find an isolated room or area in your house. Just like working in the office, you need privacy to become more productive. Convert one of those empty rooms into a functional home office. If you’re considering the basement or the attic, make sure you have proper ventilation and you can maintain a comfortable temperature.

If necessary, All Hours Plumbing and HVAC suggests that you hire HVAC installation and repair services in Utah.

2. Reliable Internet Access

It may seem obvious, but you need reliable Internet access if you want to start an online business or a home-based job. Check the reviews of the service provider to ensure quality connection and services.

3. Equipment

Treat your home office like a real professional office. Invest in quality and durable materials. Some of the things you need include an ergonomic chair, a sturdy office table, filing cabinets, a lampshade, a desk organizer, furniture, and other storage equipment.

4. Decorative Items

Breathe life into your home office by adding colorful artwork and indoor plants. A well-designed or organized work area can boost productivity. In addition, consider placing your workstation near the windows to let natural light in.

Starting a career at home has many benefits, but you need to make sure you’re prepared for it. Just like in the office, time management is still vital for this setup.

4 Surefire Ways to Fund an Expanding Business

A man picking business loan in a list of screen optionsIf you have used a good business plan along with proper management, this probably has made your business thrive. Now, it is probably the right time to move further. But just like when you were still starting, you need enough funds so you can make your new plans come to life.

If funding an expanding business troubles you, then you might find the following recommendations useful.

1. Ask help from family and friends.

Maybe you have used up your savings in the past to fund your business. This time, you could use some help from family and friends. Chances are, there would be no requirements and interests. However, you may be obliged to return the money right away. An alternative is to sell some part of your business to them, but only when they are aware of the risks to avoid conflict in the end.

2. Find investors.

Angel investors are people who are willing to shell out money to fund expanding businesses. It is easy to find angel investors online or ask the chamber of commerce. Cloud funding, or the pitching of business ideas to potential investors online, is also another way to find funds for the business successfully.

3. Apply for a loan.

Many local banks offer a small business loan. You need to have good credit standing, though, to be eligible for a loan. Also, some banks require collateral.

In addition to banks, you can also apply for a loan from the Small Business Administration. You should be ready with a track record and other requirements when you apply.

4. Get help from private money lenders.

If you need money for business expansion, you can turn to private lenders such as ARF Financial. They have cash now pay later offers for every type of small business. You are likely to get approved fast because you already have a track record to show. Most of these private lenders require collateral, though. And lastly, don’t forget to compare interest rates before choosing a lender.

You managed to get through all the troubles of starting a business. Expanding it should be easier now, especially when the problem is just about funding it.

Choosing the Right Executive Search Service

Slone PartnersTrying to find the right candidate for your management positions is not that easy. To make the search manageable, you need to find a reputable recruitment firm specializing in executives. A good recommendation from firms like Slone Partners, for instance, can be hard to beat than a recommendation from someone who’s not even known in your industry. With specialist executive search firms, there’s a bigger chance of finding an executive for your job opening.

Criteria for Choosing

As much as there are criteria for choosing a suitable candidate, there are also criteria for choosing an executive search firm. First of all, the company should have a high rate of success in finding the right executive for your industry. Typically, success is defined in terms of specific metrics — the quality of the hire, a quick search, the cost of the hiring process, executive hire retention rate, satisfaction, and performance.

In addition, they should be able to show past results in a verifiable manner. That means they should be able to prove that they were able to field successful candidates. Cost-effectiveness is another metric. It is also important that the recruited candidates negotiated for salaries and packages, which are lower than what other search firms offer.

The Efficiency of the Hire

There are other measures of efficiency as far as executive search firms are concerned. These include the number of days until the first candidate submission, days to fill up the position, the percentage of candidates submitted to those eventually interviewed, the retention ratio, and the diversity ratio.

Diversity is not just a buzzword, it should be part of the search criteria. It has become an important part of the way business is done in the country. These are metrics that can be easily computed, and there’s no need to come up with a weighted grade for the metric. The values can be studied on their own, for analysis and use in further or subsequent recruitment.

Finding the right candidate is indeed difficult, but you shouldn’t be impatient. It takes time to find the right person for the job, and you’ll thank yourself in the end once they start contributing to your business.

Could Kiwis Solve Auckland’s $2 Billion Traffic Woes?

Traffic JamAuckland is the 47th most congested city in the world this year. And despite still being relatively far from the top, traffic in New Zealand’s biggest city costs it about $2 billion each year. The situation is so bad that even it’s taken a toll on the Kiwis’ productivity. Everybody is spending an extra 45 minutes a day on the road — or the equivalent of four working weeks a year.

It’s a far cry from the figures of three years ago. In 2014, Aucklanders spent only an extra 12 working days a year in traffic. This growing problem is prompting experts to look at its causes and try to find solutions.

Rising Population, Bad Roads and Irresponsible Driving

According to experts, the increasing number of vehicles hitting the road is the main cause of worsening traffic congestion. The area’s growing population is partly responsible for this. For instance, new housing developments in West Auckland and Hobsonville put 10,000 more cars on the Northwestern roads.

It’s not the sole culprit though. Bad, potholed roads and irresponsible driving could also cause accidents that could also jam the streets.

Solutions for the Worsening Traffic

The high cost of traffic is prompting economists from the Auckland Council to push for solutions. Motorists can do their part by following road rules in order to avoid causing accidents and jamming the highways. Meanwhile, builders need to hire efficient compactors and use quality materials to ensure that the road will not develop cracks or potholes that could cause mishaps.

Kiwis could turn to their bicycles to help relieve Auckland motorways. Cycling is becoming the most efficient mode of travel to and from work for people who live in the city suburbs, in fact. There’s more to come with this initiative. The Auckland Transport is investing $200 million in building and improving cycle paths. In fact, a new path from Glen Innes to Auckland through the Orakei Basin will be completed in 2019.

There are many ways to alleviate Auckland’s roads. If the city can solve its traffic woes, productivity could increase by up to 30%. People, then, are urged to do what they can to help. After all, a free-flowing motorway does not only save time — it could help improve the economy too.

3 Investments for Your Logistics Operations

Logistics collaboration with the employeesDo you have a logistics business? The key to staying competitive in any business is to make sure that you make improvements or rather, investments, every year. Here are some investments you can make this year to improve your logistics operation.

Work on building relationships

Improving customer experience can increase customer satisfaction. And when your clients are happy, this can generate more customers and clients in return. Apart from delivering dependable and timely service, make sure that you are building relationships.

Remember that customers now demand customization. Investments such as dedicated mobile apps can help you logistics in personalizing your services.

Setup a better return policy

It takes effort and good runs to make up for one bad service. Unhappy customers just want to ensure that they get back their money or have the item replaced. In this sense, you need to make sure that your return policy is working and that your customers will not have a hard time in dealing with product returns.

You can say the same thing if your vendors give you products that you need to return. Invest in a return to vendor software offered by logistics firms such as ReverseLogix to make the process easier and the replacements more efficient.

Invest in better warehouse management

Storage management plays a huge role in how your logistics company performs. If you do not have good and efficient operations, you will most likely suffer from delays. So make investments in your warehouse when you can.

Consider pallet storage management for your warehouse. This is very effective if you do not want to transfer to a bigger storage facility but you want to maximize the space you already have.

Consider these tips if you are looking for upgrades that could make your logistics operations more efficient and your business thriving. And remember, keep moving forward.

3 Steps Will Guide You Into Making a Strong Brand

Pointing on the brand signCustomers recognise brands more than products and/or services. This is why branding and building a strong identity should be at the forefront of your marketing efforts. When you achieve a differentiation point and a firm position in the minds of your intended audience, it will be easier to convince them to stay loyal and recommend you over the competition.

Many PR agencies in Melbourne and other team of experts cite the following steps you can take to create and maintain a strong brand identity:

Remember You’re Advertising a Brand, Not a Product or Service

Product-centred strategies may work, but what sets the best from the rest is their ability to brand. This is even if they are more costly and are at the same price or have inferior or similar features. In today’s digital age, it’s easier and faster to access information. Potential customers may already know about you even before you launch a new product or advertisement. Make a strong first impression by making a solid value proposition centred around who you are, what you do and how you can solve your audience’s problems.

Precise Messaging

Consistency is important to the success of any branding campaign; one of the factors that can tilt your brand to success or failure is messaging. The message you convey must resonate with your intended audience. It has to be the same or similar across platforms and touch points, and this allows you to create a niche for your products and associates them with the right emotions, behaviours, and desires.

The Creative Side

Other than messaging, your brand needs to have distinct typography like Coke, a unique logo and a creative ‘face’ that sets itself apart from the competition. These elements may manifest in the websites you have, social profiles and even the packaging of your products.

A strong brand allows you to dictate the market, attract a loyal consumer base and distinguish your company from the competition. These strategies allow you to achieve these goals, implement them to gain a competitive advantage.

A Smart Entrepreneur’s Guide to Restocking the Kitchen

Men busy on working on their food businessYou have a restaurant and it’s doing okay, but you want it to do better. Who wouldn’t? You know you can offer something more, but you just don’t know how to budget time wisely. How can you solve this dilemma?

Here are some life hacks that could come in handy:

Use Time Wisely

Some recipes take time. Work on that marinade for your chicken as early as possible, and let the meat soak in it. Get started on that broth as soon as the kitchen opens, so you get all the flavors to use for your restaurant dishes. Some even start on their broth the night before. These are the things that should take up your time. Don’t let the tricky preparation of simple sauces waste hours of precious kitchen time when you can buy hollandaise sauce in big batches anyway.

Focus on One Special Dish

Instead of having a big and overwhelming menu, trim down the choices to those you can do best. If your specialty is beef, have that as the signature dish. Let your chef master that dish and prepare it perfectly every single time. It’s better than a hit-and-miss dish because your cooks are busy learning hundreds of recipes at once. If you’re not sure which dish to offer as your special, consult your chef or ask customers for their feedback. As the people who will eat the special dish all the time, they surely have some good advice to give.

Keep Your Secret Sauces Secret

If you have a signature dish, you probably have a signature recipe or sauce for it. Even if you’re franchising, that secret should not be in the hands of just everyone. Ever wondered about KFC’s carefully guarded secret? Each successful restaurant has a secret, and it’s the key to their continued success. If anyone can just copy your dish down to the last ingredient, why would they need to eat at your restaurant?

Running a food establishment means being smart about what you do. Do away with the unnecessary time-wasters and focus on perfecting your recipes and customer service.