Category Archives: Business

Four Business Ideas for Extroverts

Businessmen shaking hands after negotiationAre you a “people person”? Those who like to socialize and have a natural desire to care for others are called people persons. They have a unique set of skills and attributes that make them an excellent fit for specific business opportunities. Here are some business ideas that fit that bill:

1. Senior Care Homes

One of the most overlooked areas of business is that of senior care. With the rising need for senior care, it’s the perfect time for people persons to look into this opportunity. Starting a home care business doesn’t have to be difficult because franchise opportunities allow prospective entrepreneurs to open up an operation from a turnkey model.

2. Restaurants

The business of hospitality has been around for many centuries. When it comes to companies in hospitality, customer service is king. People who don’t like socializing and entertaining other people often fail as restaurant owners no matter how good the food that they offer is. A people person can be a great restaurant owner, mainly because they understand the need to please customers with excellent service.

3. Marketing Agencies

People persons run marketing agencies that thrive. Understanding people’s feelings is an essential skill in marketing. If you’re a people person, you have not only the talents needed to create campaigns that impact people but also the attributes that make selling smooth and easy.

4. Counseling Services

A big gap that needs to be filled in the field of counseling, and the best people to close it are people persons. Making a career out of caring for people’s feelings is a good path for people who connect well with others. A people person can be a great counselor, as long as they get the correct certifications.

If you’re a people person, these are four business directions that you should consider. Connecting well with other people is a highly coveted skill, so make sure to use it to your advantage. Good luck!

Is Outsourcing Software Developers Better Than Doing It In-House?

Software developer working with multiple screensAre you looking for contractors in app and software development in Bromley? Was your decision an outcome of weighing between doing an IT project in-house or outsourcing it? Well, definitely, you did not make a mistake in your decision to outsource.

Outsourcing app and software projects are beneficial especially if you have a small IT team or are not up to fulfilling bigger projects. Contractors can offer services that in-house teams cannot provide.

More Experts

A clear advantage of outsourcing an IT team is their expertise. IT companies focus on their craft, and they are very skilled in many types of IT projects.

It is the only thing they do; hence, they are more articulate in their job. Your IT analysts are not as exposed to larger problems, so hiring contractors is an easier bet.

More Flexible

Hiring contractors will allow you to cut staff when you need fewer people, or increase them when you need more. This saves on cost and time as every contract will have to depend on the availability of work during a project cycle.

With an in-house team, you have little chance to make adjustments in the number of staff as everyone is working full-time.

More Affordable

Since projects have fixed budgets, you are able to control costs better in outsourcing. Project budgets rely exactly on the cost of services rendered, no payments for other benefits, such as health and unemployment insurance, and it stays there as per agreement. In-house projects have more flexibility, and thereby more costs monetarily and in terms of time utilised.

Running a project with your local IT team may cost you more on your budget and your time. With outsourced teams or contractors, money and time issues are fixed and controlled. More so, expect the most elaborate skill sets in a small team of hardened IT experts.

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:

Brokerage

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.

Flipping

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.

Consulting

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, questworkspaces.com

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.