For some small business owners it is important that they try to keep expenses down. Large overhead and lack of cash flow is the single biggest reason for business failure. In times like this it is essential we do all way can to save money. Here are 3 easy ways to save money in your business:
Outsource what you can
This has got to be this biggest money saving tip I ever received. This can include everything from sending work overseas to outsourcing local jobs and eliminating or reducing payroll. There are many jobs that can be outsourced locally that several small business owners bring in house. One example of this is printing. It may appear that you save money on printing by doing it in house but you better look close. Printing is much more than the cost of ink and paper. How many copies can your printer produce before it needs some routine maintenance or worse, replaced? Printing companies and office supply stores have big machines and spit out copies (even color) at extremely low prices. Sometimes they can add a margin and still do it cheaper than you or I could.
Another example is sending select jobs overseas. Our website developer was in the Philippines and we communicated with email and Skype. He was great; he did all the design work and got it up and running. Then we had a short call where he showed us how to use and update the site. He was a little more expensive than some of the people I interviewed but was still less than $8.00 per hour. I used another assistant in the Philippines that did some writing for me as well as some research and email marketing. The risk here is that if you pay by the hour you have to keep a close eye on them as the hours can start to add up before you get the results you want.
Save money on utilities
Internet and phones can really start to add up. I have found ways to save money on these a couple of ways. The first is simply to negotiate with the sales rep. Did you know you can do that? Never pay the price they have, if you push hard enough you can get some really great deals. If you get a great deal over the phone tell the rep that you need to discuss it with your partner and call back. Use this opportunity to call another provider and tell them what you were offered. Maybe they can beat it.
Internet phone is another option. We used it for years paying $15 per month for two lines. We had to move away from it because the box continued to go out and needed to be reset putting us without phones. Also if you lose power or the internet you also lose phones. We have used Vonage and Phone Power but there are several providers out there. I recommend doing a Google search …
There are several business trends on the horizon which may be carried in by the New Year. Being aware of these trends allows you a great opportunity for planning in advance so that you will be able to leverage those trends for your benefit prior to the new year rolling in. The following is a sneak peek at what you can expect in 2017.
Businesses are going out of their way to attract top talent thus increasing the importance of doing whatever necessary to make yourself appear among the cream of the crop. The best way to do that is by acquiring as many skills as possible to both perform the job you’re applying for and beyond. You should also be willing to go over and beyond the call of duty, be willing to bring a lot more to the table than what’s required, and to also be able to display your willingness to do so when communicating with potential businesses – during interviews, on resumes or on social media platforms.
More and more businesses are turning to social media to get a glimpse at potential candidates before making their final hiring decisions. They believe that what appears on social media sites is more of a tell-tale sign about what’s really going on with respective candidates. This trend has become a form of due diligence for businesses seeking candidates.
In 2017, companies are leaning more towards being flexible in the workplace, allowing their staff members to have flexible work schedules so they can perform some of their work duties from home.
Although hiring staff members based on referrals is not new in the marketplace, it is certainly ramping up. It has become a reliable trend that companies have grown to depend on. It not only reduces the recruitment process, but it also comes from a trusted source – professionals within your micro-environment. Considering that 32% of new hires came from referral sources, this trend is certain to spill over into 2017.
Another business trend that is on the horizon for 2017 consists of what’s referred to as emotional intelligence which is an area that new employees should consider adapting to.
Emotional intelligence, also referred to as the game changer in new business trends, involves businesses being more open and transparent. Candidates with emotional intelligence are said to have more flexibility than those who are not developed in this area. This results in employers being more drawn to candidates when they can demonstrate this important skill set.
Those who are good at simply performing their job duties are only meeting the minimum requirement. But those who can demonstrate the ability to be likable, outgoing and trustworthy, as well as perform their jobs efficiently, tend to fit into the corporate culture a lot better. This is what businesses are going for and it’s becoming a new and growing trend.
To sum up, top candidates are becoming more demanding and the new business trend is to hire those who best represent the company. …
Simple but effective business strategies to make money in 2017
The year 2017 is going to be the year of competition. There is competition in every field. The business field is no different from the rest in any way. We will share some tips on how to remain ahead of the field in the rat race in 2017. Remaining ahead of your contemporaries can ensure that you will make money. That is the driving force behind every business campaign. Here are some simple tips on how to make money in 2017.
This is an age-old remedy. Customers drive your business. There should be nothing new in this aspect. However, in this competitive world, customer satisfaction has become a very effective tool in business. In the olden days, there was a concept known in business circles as customer loyalty. Today, this is a diminishing quality. You cannot blame the customer on this score. He or she has a variety of choices. If you cannot satisfy him or her, your competitor is waiting to pounce on the opportunity. Of course, the same logic applies to him or her too.
Customer satisfaction is important. Customer retention is more so. In this ‘dog-eat-dog’ world, it does not take much time for you to lose your customers. Hence, you should do everything in your capacity to entice the existing customer and try to retain his or her patronage. Good service always matters. Your customer will definitely not desert you for the sake of a few dollars when he or she experiences good service from you. Sourcing new customers is always great. However, retaining the existing customer is definitely more important. This is one sure way on how to make money in 2017.
Specialization of services:
This is not a one-size-fits-all kind of world anymore. Customers demand specialization. In the case you are not able to offer them specialized services, it is better to close down your shop now. Every business should have a target niche in mind before introducing the product in the market. Successful companies are those who know this niche and more importantly know how to cater to them too.
This is the era of automation. You have to embrace the latest technologies today to make money. One of the hottest trends in 2016 was the mobile applications. The same trend will continue in 2017 too. Embracing automation and excelling in it is the perfect formula for success in business.
Mastering these four simple tricks can ensure that you make more money in 2017 than you did in the previous years.
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Whereas there is much to look at and contemplate about this latest generation the reviews provided the following some insights as to how the IGen , will influence retail business. The demanding American guidelines of utilization often is the very reason why so many business writers overuse them. In case you’re an entrepreneur / solopreneur, especially a self-made business skilled , then your personal and skilled story is most definitely additionally the story of your brand.
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The one thing else I can think to add could be to franchise right into a business like Mary Kay, Herbalife, or All Communications Community. You’ll be able to take advantage of this business opportunity by establishing a store dedicated to offering the newest objects and fads for pets equivalent to sun glasses, leashes, belts amongst others. The project is being developed by local business person Ben Widmyer who is also acting as the leasing agent for the challenge. I loved your fashion ideas for girls over 50. You obviously know lots about style. Sir i have requested that which business should i start i have …
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There are lots of other varieties which is able to aid you in simplifying your house cleaning business equivalent to the release of liability form, which is able to release you from liability in case your client wants you to use a sure cleaning agent …
With plenty of press coverage circulating about workplace pensions and auto-enrolment, pensions are a big talking point. In the UK, we add an average of £325 to our pension pots each month — but which regions are best at saving?
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Necessarily, if you happen to want to begin this business, you only need an outlined location, knowledge about exporting and importing, potential to supply a aim in no soul and potentiality of you to think about new business ideas in squeezed up competitive market. If an ad is not creatively rewarding, it is not going to face out, it is not going to be memorable, and it’s not going to realize business targets,” he instructed a class of M255 students. Though this business might want weeks of coaching and thereafter standing agency to implement such business while making the status and treasures.
You could possibly be sure that yours thrive or succeed by having a great business plan, finding out your goal market in different to know what they want and count on and of course be prepared to present your shoppers high-finish toppings, different spicy and attractive taste options and be able to serve them scorching. I am now within the process of stating my advertising plan which is why I’m right here on Hubpages.
Next we will speak about what kind of paperwork you want for your own home cleaning business. This business is getting a really sluggish start because of low income, and beginning a brand new business with no cash really does not fit a business model. Nonetheless, these firms could also be categorised in accordance with their major business curiosity. A lot of the common public is confused about what a bond is and when it is helpful, so that they assume most business house owners should have one. Earlier than starting a house craft business there are a number of issues you should ask yourself that will enable you plan and be higher prepared.
As a franchisee, I’m glad to tell you that you just needn’t business expertise from inception to run a photo voltaic business franchise, as they may present the training you may be in need of to function their business model successful and diligently. It is a fantastic business idea in Nebraska as a result of most of the uncooked materials for beer manufacturing is available or grown in Nebraska, which might make them low cost and simple to get. Packing effectively for a business trip – or a vacation, for that matter – is a challenge for many of us. Frequent business vacationers usually discover themselves dwelling …
Most companies find it beneficial to invest in advertising – and outdoor advertising seems to be on the rise. In fact, business is booming. Over £3.7 billion is spent on outdoor advertising each year. If you’re investing in banners for your marketing campaign, for them to work, you want to make sure you’re positioning it in the best place to get it noticed. Where The Trade Buys, specialists in outdoor banner printing, has the following tips to keep you on the right track.
Before you even consider designing your outdoor banner, it’s important that you establish who your customers are and where they are likely to be looking. You want you banner to be in front of existing and potential customers. Knowing exactly who your customer is, and where they’re likely to spend their time day-to-day is always a strong place to start.
Deciding where to position your banner is the first hurdle you need to jump over. You have several options to consider, some you might not have previously considered. Keep the following in mind when you’re making the decision:
Inside your establishment – If you own a shop or leisure venue that’s open to members of the public, having a large display banner in your premises will help you to quickly and effectively promote any offers or products that you’re trying to push. An added bonus? If it’s on your property, you can change the banners as often as you feel.
Outside your establishment – Banners can be used to great effect outside your workplace. Again, you can use them to promote your latest products or services, or any offers that may be of interest – offers are great way to attract new customers who haven’t worked with you before. You can also use outdoor banners to replace the company logo and signage – as they can be a much more affordable option than more permanent solutions.
In public spaces. Whether it’s building wraps or scaffolding, getting outdoor banners in high-traffic public spaces is a great way to get a lot of brand exposure very quickly.
At public events. Public events such as marathons, festivals and more are usually highly populated with people, so you’ll be able to get your message to many very quickly. Make sure it makes sense for your business to be seen in affiliation with the event, and that the people who are attending it fit your customer demographic – otherwise they’re very unlikely to convert into customers.
Exhibitions and trade shows. Outdoor banners can be utilised for the indoors very successfully at industry exhibitions and trade shows. Make sure when you’re setting up that your banner is in visitors’ line of sight so you can attract passers-by as they enjoy the exhibition.
One thing to keep in mind when picking a location for your banner, is to keep it relatively close to home. This is important if you’re trying to attract new customers, as anyone who sees your sign and is interested …