Business Cars – Leasing, Purchasing or Other Schemes?
Obtaining a business car can be extremely challenging as there are so many different options to consider. Whether to lease, purchase, hire-purchase or finance an automobile is a query that many business owners ask themselves, plus you also need to decide on whether to opt for a brand new car or go second hand. The answer to these questions will depend on your financial situation, needs and personal preference, but here is a closer look at your options. Purchasing Purchasing a business vehicle is ideal for a company that wants to own the car and plans on using it for years to come. This can be an expensive method and…
5 Tips to Make Your Order Fulfillment Process Better
Efficient order fulfillment is crucial for customer satisfaction and business growth. Speed up processes, focus on productivity, prioritize accuracy, get more space, and plan ahead for success.
Tips For Surviving Your First Year As a Business Owner
Owning your first business is an exciting milestone for an entrepreneur. Statistics say that only 50% of businesses make it past the first 5 years. Therefore the first year is crucial when it comes to setting the tone for your business’s success. When it comes to your business being successful it takes a consistent effort to follow through and make sure that you apply all of the tips that you get. Here are some of the best for getting through your first year, and ensuring you stay successful and continue to grow. Make Sure You Have All The Right Tools When it comes to setting yourself up for success you…
5 Things You Must Know Before Opening a Print Shop
Almost every business could benefit from customized banners, more targeted print advertising, and promotional products. Whether you’re talking about screen printing or digital printing, print shops offer particular services and economies of scale that other businesses need but probably don’t have the time, equipment, or expertise to do themselves. Even from the perspective of someone wanting to open a print shop independently, equipment and training can be serious impediments to getting it right. Opening a print shop from scratch entails getting your financials in order and ensuring that—if you don’t have a mountain of liquidity at your disposal—you have good enough credit to secure private loans. 1. Startup Capital Requirements…
5 HR Policies to Decide Before You Hire
You’ve been running your startup or small business on your own, and it has grown enough that you now need to hire employees. Before you go down the exciting and sometimes stressful road of hiring and onboarding new people, you need to have HR policies in place. Designing HR policies isn’t easy, but with the right research and preparation, you can create solid documents that will prepare your business to have more staff members. Vacation and Time Off Your small business has lots to consider regarding vacation time. How do employees accrue it? How many days, at most, can your employees take each year? Consider whether it’s paid vacation and…
You Can Say Goodbye To Open Plan – The Future Of The Office Looks Like This
The open plan office was supposed to be the future (just like flying cars). But the more employers experimented with it, the more they realized it didn’t work. The open plan ideal is slowly but surely being supplanted by flexible working spaces that have zones for both concentration and communication. For many employers and workers, this will come as good news. For years, employees in the business of writing reports and data entry have had to listen to music to drown out the general hubbub of the office environment and get their work done. It’s a shame, and it reveals just how badly open plan office design got it wrong.…
Scary Scaling Challenges That Could Damage Your Business
As a promising startup, scaling up your operation should be something you are looking towards. Growth is, in the vast majority of cases, essential to your company’s survival. But it is also a serious problem, and it can pose man challenges that you need to overcome. We’re going to look at the issues that could end up causing you more harm than good unless you are meticulous in your preparation. Read on to find out more. Too fast, too soon One of the biggest issues you will encounter is moving too fast and trying to grow before you are ready. Let’s say you are manufacturing a brand new product. On…
Ask Yourself These Questions Before Moving Into a New Office Space
Choosing an office space is one of the most important decisions your business will make. It’ll shape what your business can do for months to come. And it’ll be the deciding factor in who you employ and how you target your clients. Thus, it’s important to get the decision right. You might think that your choice of office is reversible. If you don’t like it, you can get out of it and find another. But the commercial renting market is very different to the residential renting market. In the residential market, minimum terms can be as little as six months. In the commercial market, they’re rarely less than three years…
BYOD Is the Hot New Business Trend, But Is it Safe?
BYOD. It means “bring your own device” to work. Successful businesses understand the benefit of allowing for personal devices in the workplace. BYOD means businesses are spending less on hardware because the employee is providing their own. And, the Good Technology State of BYOD Report found that employees are happy to supply their own devices. This is likely due to a preference for their personal devices, which often times are actually more feature-rich compared to the lacking features of bulk equipment. Businesses that furnish equipment to their employees often have to think about budget first and features second, but BYOD eliminates this from the equation. Unfortunately, the BYOD model isn’t…
The Ultimate Guide To Starting A Business
More and more people are turning to business as a way of life. The reasons for this are many, and it is one of the most lucrative ways to make a living. If you get all of the separate elements right, running your own business can be extremely rewarding. The rewards are not just financial, either, but of many different kinds. There is also the positive feeling that comes from having built something from the ground up. Of course, the world of business is also full of challenges and potential setbacks. The main things to remember in relation to these is that they are not necessarily an issue, as long…
8 Ways to Outshine Your Competitors at Events
The key to a successful exhibition, ultimately, is to draw crowds to your display stand. To do that, you’ll need to be able to be better than your competitors’ stands. Have you ever attended one of those events and walked past rows and rows of stands that all looked basically the same? If so, you know that in order to draw attention, you need to outshine the competition. Take a look at some ways you can do just that. 1. Don’t Shy Away from Your Brand Image Before you start getting creative, it’s important to remember not to abandon your existing identity. If you already have an established brand, prospective…
Getting Your Ducks in a Row for Growth
Every entrepreneur sets out to grow the business. More customers, more sales, higher profits. It’s a simple plan that is at the heart of capitalism, and it’s the goal of every operation. But what could happen that would make growth the worst thing that could happen to a business? Are there really circumstances where hindsight would say that a more measured pace would have been better? As it turns out, there are. But that comes with a qualifier: Growth can be bad if you aren’t prepared for it. Expansion of a business is like a fancy meal. The table has to be set before the food arrives, or else it’s a…
