ISmall-Business.net

Intelligent Business Solutions

  • Home
  • Strategy
    • Small Business Strategy
      • Combining Niches to Maximize Profit Potential
      • High Ticket Versus Volume Niche Selection
      • How to Know When to Cut a Business or Niche Loose
      • Never Put All Your Eggs in One Basket
    • Sales Strategy
      • Facebook Networking Versus Paid Advertising
      • Brainstorming a Successful Sales Funnel
      • Best Practices for Profitable List Building
      • Backend Sales Strategy Tips
      • A Better Way to Use Webinars for Profits
      • Creating a Welcome Email That Makes Money
    • Production Strategy
    • Human resource strategy
  • Management
    • Business action plan
      • 7 Things to Send JVs to Get Them Onboard
      • Don’t Make JV Promises You Can’t Keep
      • How to Host a Challenge and Maximize Profits
    • Small Business Management
      • Putting Profit Tasks First During Time Management
      • How Self Doubt Sabotages Your Financial Success
      • Repurpose Your Content to Save and Make Money
    • Business Management Topics
      • Fighting the Stigma of Failure
      • Figuring Out the Perfect Launch Date and Time
      • Bonus Creation That Catapults You to Leaderboard Domination
      • Do Customers Prefer Video or Text Courses
      • Minimize Your Risk of Refunds with These 5 Tips
      • How Often Should You Email Promo Material
      • Narrow Niche Domination
      • Perfecting the Launch Process for Increased Profits
    • Business Management Blogs
      • Nobody Expects a Perfect Expert
  • Ideas
    • Find business ideas
      • 5 Lucrative Non IM Niches
      • 6 Niches That Are Hot on Social Networks
      • Are PLR Stores a Viable Way to Make Money
      • How to Know If a Membership Site Is Right for You
    • Idea feasibility
      • How to Make Money Off a $7 Product
      • Recurring Income Options
    • 10 top business ideas
      • Could Coaching Bring in More Money Than Products
      • Individual Coaching Versus Group Coaching Profits
      • Building a Reputation as a Powerful Affiliate
      • Pinterest Profit Niches
    • Low cost business ideas
      • Making Money Off eBooks and Reports
  • Valuation
    • Business Valuation
    • Increase business valuation
      • Making Wise Investments in Tools to Further Your Business
    • Business Valuation Methods
    • Understand business valuation
  • About
    • About Me
    • Blog
    • Contact Us
    • Sitemap
    • Privacy Policy
  • Strategy
  • Supply Chain
  • Customer Focus
  • Entrepreneur
  • Biz Opportunities
You are here: Home / Archives for 2019

Archives for 2019

Want to Improve Your Company’s Diversity? Go Remote.

May 6, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Look at a candidate’s work first. Delay the face-to-face interview until later, to avoid age, gender or ethnic bias.


May
6, 2019

5 min read

Opinions expressed by Entrepreneur contributors are their own.


Remote work is a force that you, as a business leader, should be reckoning with. After all, there are a lot of perks with letting your workforce go remote; not only do you save on the costs associated with a physical office but you avoid the dreaded daily commute. More important: You can improve company diversity. Going remote provides a seamless way to open your company up to a workforce that’s varied in gender, race, ethnicity, sexual identity and ability.

Related: The Secret to Retaining Productive Remote Workers Is Remembering They Are People

In turn, diversity offers potential benefits to your business as well, including improved creativity, a wider range of skills, increased employee engagement, improved company reputation and even financial benefits.According to research from McKinsey & Company, companies in the top quartile for gender diversity on their executive teams were 21 percent more likely to experience above-average profitability tcompared to companies in the fourth quartile.

With more and more companies going remote and thereby increasing their diversity, it may be time for you too to join the movement. Here’s how going remote can actually improve your company diversity.

Hire top talent from across the world.

One of the biggest benefits of being a remote company is the fact that you have access to a wider pool of amazing candidates to choose from. Think remote workers are few and far between? Not so. Today, more people are searching for remote work. Data from Indeed shows that the share of searches for flexible work arrangements is up 32 percent year over year. Simply adding the word “remote” to your online job listing will introduce you to global candidates you wouldn’t have previously discovered.

For example, at our company we have remote employees in the United States and Canada, as well as India, Singapore, Ukraine, Nepal and more.

Image Source: Awesome Motive 

So, instead of just searching your local area for candidates, using remote work communication and collaboration tools, you can directly hire the talent you want, regardless of their location. As long as they have an internet connection, they can bring their skills and expertise to your business.

Hiring talent from other parts of the world will also allow you to better serve your diverse customer base. For instance, if a large portion of your customer base is located in China, you can hire remote employees in China who can better communicate with those customers. Hiring remotely may allow you to capture new markets you never thought possible.

Look at work before the person.

The hiring process for remote jobs can also level the playing field among your candidates. This is possible because you have the ability to look at the work before you look at the person by asking applicants to first provide examples of their previous work. Alternately, you can assign them a project to complete (that you’ll pay them for).

In contrast, a face-to-face interview leaves you open to the chance you’ll have some bias against a candidate’s age, gender or ethnicity. Hiring remotely, insteads, helps you focus on the quality of candidates’ work, whether that means designs they’ve created, copy they’ve written or apps they’ve built. Pick your top finalists based on the quality of their work; afterwards, you can set up an interview by video call.

Promote flexibility and inclusion.

In order to attract more diverse candidates to your company, promote flexibility and inclusion. Promoting people’s ability to work from home or a coffee shop, to work during the day or night or  on weekends instead of weekdays, will open your company up to a more diverse pool of workers.

Related: The Secret to Retaining Productive Remote Workers Is Remembering They Are People 

For instance, some parents struggle with having to choose their children over their careers due to having to deal with long hours at the office and with limited sick days. With flexible remote work, however, parents can choose their own hours, working when they can, in between child care and daily tasks. This allows parents to better advance their careers. In fact, according to a study conducted by Remote.co, remote companies are more likely to have women in leadership roles, including CEOs and founders.

Provide open communication channels.

For a lot of business owners, a major concern regarding remote work is communication — due to the time zone issue. But, there are many online communication solutions your remote company can utilize to not only foster effective communication but make your team more inclusive as well.

As in the example below provided by Slack, remote workers can keep in touch with one other every day in order to track work progress as well as keep up with international holidays or just chat.

Image Source: Slack  

One of the great things about online chat is that nobody hears your accent. Typed words are read the exact same by everyone. This makes communication easier and more comfortable for international employees whose first language isn’t English.

Related: 6 Characteristics of Successful Remote Employees

Over to you

Transitioning your team to remote work isn’t difficult, given  all the technology available to us today. Furthermore, the benefits of remote work are many, for your business and for professionals worldwide. Remember, diversity isn’t only important during the hiring process, it should be integral to your company culture all of the time. So, be sure to provide diversity training. Weave it into your company mission. Make a point of educating yourself about its benefits. And actively seek out new perspectives and ideas in the big wide world out there.  

[ad_2]

Source link

Filed Under: Entrepreneur

Proper Project Management Helps SEO Agencies Grow – Business Ideas

May 6, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Prospects expect their search engine optimization agencies to project an aura of, well, optimization. In the digital age, it is difficult to hide supply side inefficiency. Prospects will not suffer fools long. If you do not have a proper project management solution in place as you scale your agency, you could find your business in trouble even if you were initially scaling it in the right direction.

Some decision makers view project management as a useless bureaucracy, an expensive middleman that does not deserve a mention in the queue of daily operations. However, savvy companies know the true value. Here are just five ways that project management helps SEO agencies in growing their businesses.

If it gets tracked, it gets done

Performing SEO for a single client can quickly become a complex web of interdepartmental collaboration, pending tasks, and feedback loops. You may need to involve your client at times. Also, you might need to coordinate a team remotely through the cloud.

RELATED ARTICLE: 3 MODERN TOOLS FOR MANAGING REMOTE WORKERS

Notably, many of these organizational tasks are better accomplished through a system than through an individual or even an operations team. Incorporating modern project management ensures synchronized scheduling between the many nodes your agency needs to coordinate.

Freemium project management no longer inspires confidence

Do you want the big franchise clients who order SEO automatically every month and pay a premium for the privilege? These are not the types of companies that will respond well to your spreadsheet-based project management. In short, do not go into a meeting with whales when you’re using email to coordinate tasks. That is, unless you want to see whales turn into sharks.

A better workflow means more clients

Often, an agency is unable to scale because its current manpower is at the edge of its level of productivity. Hiring new people, however, is just too expensive. On the other hand, the cost-effective solution is a good project management system.

With the proper system in place, you automate simple tasks, relieving your overworked staff. You completely eliminate the human error that comes with the data input and synchronization stages of operation. You also inspire confidence in your people. They will be re-energized once they realize that you are investing in their ability to produce.

Delegation analysis creates better teams

One of the most important attributes of professional project management software is the ability to go back and see what worked and what didn’t. What team or individual was the bottleneck? Did someone outperform?

You now have quantitative evidence informing the delegation of tasks in the future. In short, with better project management at your fingertips, you become a better project manager.

project management
Project management helps SEO agencies.

Improving customer service is essential to growth

No SEO agency is going to perform at peak capacity at all times. Your customer doesn’t like that excuse, though. The solution is to do your best on the initial run but take copious notes. In this way, subsequent iterations of your efforts improve continuously.

However, you can only do this when you can pinpoint exactly where a problem occurred. Where better to find problems than on an accessible user interface with processes meticulously laid out in plain language? Proper project management improves customer service. And this keeps customers coming back for more.

Make Project Management a Top Priority and Your Agency Will Grow

If you plan to grow your SEO agency in the modern business landscape, project management must be a top priority. Consider the perspective above if you are considering a new project management solution or switching away from a legacy. The future of your agency may very well depend on how you organize your tasks today.

[ad_2]

Source link

Filed Under: Biz Opportunities

4 Reasons Why Using Resumonk Can Help You Land the job You’ve Always Wanted – Business Ideas

May 6, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Image by Coffee Bean from Pixabay 

On your way to becoming the entrepreneur you aspire to be, you might need to work for someone else for a while. In that case, you’re going to need a top-notch resume. That’s because landing the job of your dreams can make all the difference in the trajectory of your career.

As you search through the online job
postings, there may be some opportunities that sound like a perfect fit. In
these situations, you need to make a strong first impression so you are
considered for the job. 

Traditionally, the first step in landing a job starts with a very important piece of paper: the resume.

RELATED ARTICLE: HOW TO WRITE A GREAT RESUME AS A BUSINESS PROFESSIONAL

Brush up Your Resume

There is a lot riding on this document. And like it or not, much of the candidate qualification process is still heavily based on the resume. Of course, it is quite difficult to truly judge someone based on this piece of paper, especially considering the fact that many recruiters spend less than one minute scanning each resume.

If you are going to land the job of your dreams, you need to be sure that your resume impresses hiring managers so that you can pass this crucial first round of qualification. For this purpose, Resumonk is an online resume-building tool that helps job seekers create appealing and easy-to-read resumes. With a resume you create on Resumonk you will ace the initial qualification process. Here’s how.

1. A Good Resume Increases Qualifying Factors

Unfortunately, the smallest of mistakes can mean that even highly qualified candidates are passed up on. For example, if a resume is full of misspelled words, is formatted incorrectly, or is simply unattractive, recruiters will not hesitate to pass on it. In fact, 77% of hiring managers will disqualify a candidate right away based on a typo or grammatical error.

Mistakes like this happen all of the time, and even super talented candidates may forget the small details. Resumonk can help you avoid this. That’s because each template is formatted to avoid these mundane—yet game-changing—blunders. Also, Resumonk guides you to go into deeper detail regarding your past positions so recruiters can have a better idea of your work history and experience.

resume

Image Source

Another common issue with resume
qualification often arises if a company requires a certain formatting for
application, such as a PDF file, Word Doc, or JPEG. If you send in the wrong
format and a recruiter cannot read the file, you will automatically be
disqualified. Resumonk allows you to save each resume in multiple formats to
ensure that it meets these criteria.

2. Create Optimized Resumes for Specific Opportunities

If you have an eclectic mix of work history, it can be distracting and confusing to the recruiters who are trying to qualify you. This is particularly true for a candidate who has a long and widely varied job history. Having various skills and experiences certainly doesn’t disqualify you. However, it can distract from the details that are relevant to the job you are currently applying for.

Therefore, Resumonk allows you to make multiple versions of your resume so they are optimized for whatever position you are applying for. For instance, say that you have a degree and job experience in marketing, but you have also worked in retail sales. In this scenario, your skills and job history are split between these two types of positions.

Using this tool, you can create multiple resume templates that are focused on the exact skills and experiences in both of these areas. This way, your resume will reflect that you are a qualified candidate for specific positions that may be geared toward marketing or customer service.

Image Source

3. Rely on Cohesive Formatting for Faster Qualification

Even for small businesses, it is quite common to receive hundreds of applications for a single position. In fact, the average number of resumes a business receives for an available position is 250, with only about five candidates being invited for an interview.

This leaves recruiters with massive piles of paperwork and lots of digital documents to glance over, a process that can take days or even weeks. Time is of the essence when it comes to the qualification process. Also, as a candidate, you want to hear back from them sooner rather than later.

As recruiters scan through these hundreds of applications and resumes, they are naturally looking for specific things. For example, they want to see job history, years of experience, degrees, and certifications, and so on.

Therefore, you can help to make the qualification process easier by formatting your resume in a logical and organized fashion with a Resumonk template. Although there are multiple formats to choose from, they are all designed for easy reading and skimming.

From a recruiter’s perspective, it can be quite frustrating to try and spot the information they need to qualify a person when their resume is set up in a non-traditional way. However, when resumes are formatted in a commonly preferred fashion, it’s that much easier for recruiters to find the information they are looking for.

4. It’s Easy and Quick

If you have ever created a resume from scratch, you know the task is quite daunting. Even on a template builder, manually filling in your information can take a lot of time. This is especially the case when you are applying for different titles.

Thankfully, Resumonk is designed to make it easy to create a resume from scratch or update your existing one on file. What’s more, you can convert your LinkedIn profile to a well-formatted resume using Resumonk in just a few minutes.

This means you can create a new resume with all of your skills and job history with just a few clicks, making it much easier to create specific versions for each job you apply for.

Image Source

Resumonk also offers some great resources to help you phrase your job history correctly. There are lots of tools and articles to help you choose powerful keywords that will catch recruiters’ eyes and help them get an understanding of your strengths.

Conclusion

Finding a new job and deciding which opportunity to pursue is a major decision. However, in order to get to the point of making that decision, you first have to get through the door and into the interview room.

You can make yourself a more attractive candidate by using Resumonk to optimize your resume for specific job postings. In short, Resumonk will help you to present a professional-looking document that stands out.

[ad_2]

Source link

Filed Under: Biz Opportunities

Boost Google Ads Quality Score to Maximize ROI – Online Businesses

May 4, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Online merchants running small enterprises are doubtless familiar with the challenges of getting a good return on their investment (ROI) from the advertisement platform Google Ads. There are usually two primary challenges to overcome. The first is direct competition from other online merchants vying for the same keywords. The second is optimizing for Google’s Quality Score metric, which is notoriously hard to do.

RELATED ARTICLE: PROMOTING YOUR COMPANY IN THE INFORMATION AGE

Google Ads Optimization and Why it Matters

All the same, Google Ads is an incredible resource for ecommerce merchants. The good news is that it provides easy access to a broad customer base, potential for high conversion rates, and a nice boost to your top line. However, the bad news is that it’s hyper competitive. The big fish usually eat the little ones because they have more money to spend.

Despite the bad news, though, Google Ads optimization tactics can still produce positive results on a budget. How? It starts by understanding the rationale behind Google’s sorting mechanisms.

Google parses the competition for ad placement using two functional metrics: keyword bid price and quality score. Optimizing for keyword bid price is relatively straightforward. However, it can quickly become expensive with a generalist’s approach. That’s because the cost of a bid is reducible with granular segmentation of search data. However, this should absolutely be part of your strategy already.

In general, though, merchants often spend too much time (and money) focusing on keyword bid price. Then they wonder why they are not ranking for keyword groupings despite raising their bid amount. The reason likely has to do with a lower-than-desirable Google Ads Quality Score.

What Is a Quality Score in Google Ads?

First of all, let’s clarify what a quality score actually is. A quality score is a composite score that estimates an e-merchant’s overall performance in Ad Auctions. Basically, Google uses this score to determine the overall relevance your Google ads provide to users.

How Does Google
Determine a Google Ads Quality Score?

There are several factors that go into
determining a Google Ads Quality Score, including:

  • Expected
    click-through rate (CTR)
  • Ad
    or keyword relevance
  • The
    overall quality of a landing page
  • Previous
    performance

As you can see, there is a close connection between the keywords you choose and the ad copy you want to promote. Google, acting as a proxy for what consumers are looking for, takes relevance very seriously—and so should you.

Relevance is absolutely crucial to your advertisement strategy. That’s because it helps consumers understand what it is you sell. For ad copy, this means using the keywords you want to rank for in the title and text in a direct, logical way.

For example, let’s say you are an ecommerce vendor of women’s running shoes and you’re targeting the keyword “best Nike running shoes for women.” In this case, you would want to include those search terms in the description.

However, you need to do more than just map keyword groupings to ad copy, although this is an important prerequisite to getting a better click-through rate. Other factors, like the quality of the landing page and previous performance, influence performance, too.

Why a Strong Quality Score Will Help Lock Down Returns

Keep in mind that while keywords have their own
individual quality scores, this is not the same thing as the overall quality
score determined at the time of each separate auction.

Quality scores of the keywords themselves do not factor into the Ad Rank position determined at Google auctions. However, real-time calculations of the same overall factors that determine a quality score do. In fact, a study by WordStream found high-quality scores don’t just translate into more clicks and better ad rankings. They also directly correlate to higher conversions.

Tips for Boosting Your Quality Score

So what can you do to optimize your quality score? In other words, how can you lock down better value for better rankings? Here are some helpful strategies to help boost your quality score and therefore maximize your returns.

Eliminate Keywords with Low-Quality Scores

Slicing out all keywords with a quality score
of one is an efficient way to lower costs and improve overall ranking
positions.

Design Targeted Campaigns

The more well-targeted campaign will result in an improved user experience. This is why it is worth it to take the time to parse out a relevant set of keywords for each ad group.

Focus on High-Quality Content

This tip applies both to the landing page and to the ads themselves. Avoid including any distracting information, and keep ads neat and concise. Focus ads on one product and one product only. In this way, you ensure that the ad is relevant to the user.

Don’t Forget About Your Landing Pages

Neglecting your landing page will have a negative overall impact on your Google Ads Quality Score. Also, be sure to integrate relevant keywords that are specific to the ad group they pertain to. Moreover, if it is practical, shoot to include a separate landing page for each ad group.

For example, here’s a screenshot of a well-executed paid search campaign in Google Ads, where the ad copy reflects the search term and is central to the landing page as well.

First the ad copy:

quality score

And the landing page:

quality score

The Takeaway

Developing a killer strategy for a Google Ads
campaign relies on a granular approach to developing effectively targeted
campaigns. The most effective way to optimize for a high Google Ads Quality
Score in an auction is to understand the intent of your target audience and
commit to endless iteration.

[ad_2]

Source link

Filed Under: Biz Opportunities

10 Expert Tips to Help Your Small Business Bring in More Paying Customers

May 4, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Businesses try a lot of advanced techniques to market and grow. But at the end of the day, most of your success comes from making as many sales as possible. To improve your bottom line and bring in as many customers as possible, check out these sales tips from members of the online small business community.

Book More Sales Meetings

If you want to make more sales, you first need to set up meetings with prospects. To set up more of these meetings, you need to expedite the decision making process and get those potential clients booked. Here are some prospecting tips from Jessica Greene of Databox that may be able to help.

Grow a Membership Business on Autopilot

Selling memberships is becoming a popular strategy for businesses in a variety of industries. Though you do create ongoing relationships with customers, you still need to sell to new members and keep things running smoothly. In this post, Elle Drouin explains how she keeps her membership growing on autopilot each month.

Use These Budget Friendly Audience Research Tools

Before you can sell to customers, you first need to learn about them. Audience research doesn’t need to be terribly expensive. Here are some audience research tools you can use that should even work for small budgets, from Lauren Crain and Search Engine Watch.

Create Winning Social Media Campaigns

Social media can be an invaluable tool when it comes to connecting with customers and making sales. But you first need to create a plan that will allow your campaigns to succeed. Learn more in this Startup Professionals Musings post by Martin Zwilling.

Boost Local Business Visibility with Question Research and Optimization

For local businesses, making sales requires being visible on search engines. Google offers the option of answering questions on its platform as a way of increasing visibility. In this Bright Local post, Ann Smarty shares how you can make the most of this tactic for your business.

Try These Digital Marketing Techniques

Digital marketing can help you bring in more leads and potential customers so you can make more sales over time. There are tons of different techniques you can use, including those in this post by Dan Swords. BizSugar members offered some thoughts on the post here.

Don’t Make These Heat Map Mistakes

To make as many sales as possible on your small business website, you need to really analyze how people interact with your content. Heat maps can be a powerful tool for this. But you need to know how to use them and avoid the mistakes in this Smallbiztechnology.com post by Itai Elizur.

Start a Profitable Business Website

Your business website has to accomplish a lot. It needs to be well designed, easy to use, and most of all – it needs to help you actually make money. For help building a profitable website, check out this SMB CEO post by Ivan Widjaya.

Build Your Email List Faster with These Lead Magnet Ideas

Email has long been one of the most popular tools for businesses looking to communicate with prospects. But before you can make the sale, you need to attract new leads. The ideas in this GetResponse post by Michal Leszczynski may be able to help.

Understand These Instagram Secrets

Instagram can be a wonderful platform for rustling up potential sales. But you need to understand how to use it correctly. In this Mostly Blogging post, Janice Wald offers a huge list of tips for businesses on Instagram. And BizSugar members shared commentary here.

If you’d like to suggest your favorite small business content to be considered for an upcoming community roundup, please send your news tips to: sbtips@gmail.com.

Image: Depositphotos.com

This article, “10 Expert Tips to Help Your Small Business Bring in More Paying Customers” was first published on Small Business Trends



[ad_2]

Source link

Filed Under: Strategy

CBD Has Gone Mainstream: What's Next?

May 3, 2019 by Asif Nazeer Leave a Comment

[ad_1]

There are many reasons to expect CBD will be a common remedy available in home medicine cabinets.



[ad_2]

Source link

Filed Under: Entrepreneur

Facebook’s Dead Users Will Outnumber the Living Sooner Than You Think

May 3, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Every user who passes on joins the rapidly swelling ranks of Facebook’s army of the dead.


May
3, 2019

3 min read


This story originally appeared on PCMag

Death is coming for us all. But in the internet age, those who remain are faced with the very 21st-century problem of figuring out what to do with the data, social media accounts, and other digital remains of those who’ve passed on.

Facebook has been planning for this eventuality. The company rolled out a Legacy Contact feature several years back that lets you designate a loved one to take over your account when you die. And it recently announced a Tributes section on deceased users’ profiles, giving friends and family a place for a memorial.

Issues have arisen that the company never foresaw. Facebook is now using AI to stop users from getting painful notifications, such as birthday reminders or flashback posts from friends and family who are no longer with us. If a legacy contact designates an account with a memorial section, that’ll also stop the unwanted notifications.

These issues will only become more prevalent as the number of deceased users on the ubiquitous social network ultimately outnumbers the living ones. According to a new study from researchers at Oxford University, there will be more dead users on Facebook than alive ones by 2070.

The researchers presented two scenarios accounting for different potential rates of Facebook user growth from now until the year 2100. In Scenario A, which conservatively projects that Facebook will add zero additional users beyond this year, a minimum of 1.4 billion users will pass away before 2100. In Scenario B, which projects the social network continues to expand at its current rate of 13 percent per year (and reaching complete market penetration) that number of dead users would swell to almost 5 billion by 2100.

In Scenario A, there will be more dead users on Facebook than living ones in 50 years. That scenario is highly unlikely, the researchers said, unless Facebook sees “some cataclysmic events far more ruinous than the Cambridge Analytica scandal” that would cause its user growth to flatline completely.

More likely, if growth rates continue at a consistent clip, the dead will outnumber the living sometime early in the next century.

In either scenario, the researchers found that there will be far more dead users from more populous continents such as Asia and Africa, with North America far behind. The social network has long since reached its peak in U.S. users, and most of its growth in recent years (and likely going forward) is international.

Or as some Twitter users have joked, every Facebook user who passes on then joins the rapidly swelling ranks of Facebook’s army of the dead.

ok ryan pic.twitter.com/Pey6lxV0NM

— darth™ (@darth) April 29, 2019



[ad_2]

Source link

Filed Under: Entrepreneur

Three ways to better understand disappointments at work

May 3, 2019 by Asif Nazeer Leave a Comment

[ad_1]

The next time you’re confounded by an unexpected or confusing situation at work, use these practical strategies to move forward with greater success. For further insights, read “Three ways to demystify disappointments at work.”

[ad_2]

Source link

Filed Under: Strategy

9 Mind-Blowing Facts That Show Just How Wealthy Jeff Bezos, the World’s Richest Man, Really Is

May 2, 2019 by Asif Nazeer Leave a Comment

[ad_1]

The Amazon CEO is worth an estimated $121 billion.


May
2, 2019

3 min read


This story originally appeared on Business Insider

Jeff Bezos is the richest person on the planet. Worth an estimated $121 billion, the Amazon CEO is $16 billion richer than the world’s next-richest person, Bill Gates.

Bezos even retained his ranking as the world’s richest person following his divorce from MacKenzie Bezos, after which she kept a 4% stake in Amazon worth roughly $35.7 billion, making her the third-richest woman in the world.

Although his annual salary is only $81,840, most of Bezos’ wealth comes from his Amazon shares. The world’s richest man makes $2,489 per second — more than twice what the median U.S. worker makes in one week, according to calculations by Business Insider.

Here are nine mind-blowing facts that show just how wealthy Bezos really is.

1. Bezos is worth $121 billion despite being paid an annual salary of just $81,840, less than what most U.S. representatives take home.

1. Bezos is worth $121 billion despite being paid an annual salary of just $81,840, less than what most U.S. representatives take home.

Image credit:

Phillip Faraone / Stringer / Getty Images

Of course, a large portion of Bezos’ wealth is tied to Amazon stock, not his salary.

Business Insider previously calculated how much Bezos actually makes in a year, based on the change in his net worth year-over-year, and found it to be closer to $8.9 million.

What’s even more impressive is if you break that down to how much Bezos makes every day, every hour, and even every second.

2. Bezos makes $2,489 per second — more than twice what the median U.S. worker makes in one week.

2. Bezos makes $2,489 per second -- more than twice what the median U.S. worker makes in one week.

Image credit:

Photo by Drew Angerer/Getty Images

That’s $149,353 per minute.

As Business Insider’s Hillary Hoffower previously reported, that means that in just one minute, the Amazon chief makes more than three times what the median US worker makes in a year — $45,552. These numbers were calculated shortly before the Bezos divorce.

3. After divorcing MacKenzie and giving up 25% of the Amazon stock co-owned by the couple, Bezos still kept his ranking as the richest person in the world.

3. After divorcing MacKenzie and giving up 25% of the Amazon stock co-owned by the couple, Bezos still kept his ranking as the richest person in the world.

Image credit:

AP Images

MacKenzie, on the other hand, is now the third-richest woman in the world after L’Oreal heiress Francoise Bettencourt Meyers and Walmart heiress Alice Walton.

MacKenzie, who was one of Amazon’s first employees, is now worth an estimated $38.9 billion.

4. With his $121 billion, Bezos could theoretically buy more than 30% of the top 100 U.S. college endowments.

4. With his $121 billion, Bezos could theoretically buy more than 30% of the top 100 U.S. college endowments.

Image credit:

Getty/Michael Kovac

The top three richest colleges in the U.S. — based on the size of their endowments — are Harvard University with $38.3 billion, the University of Texas system with $30.89 billion, and Yale University with $29.35 billion.

Bezos’ fortune is greater than those three universities’ endowments combined — with more than $22 billion to spare.

5. Bezos is so rich that an average American spending $1 is similar to Bezos spending $1.2 million.

5. Bezos is so rich that an average American spending $1 is similar to Bezos spending $1.2 million.

Image credit:

Getty/Drew Angerer

The median net worth of an average U.S. household is $97,300. Dividing $121 billion by $97,300 comes to about $1.2 million, according to previous calculations by Business Insider.

6. The Amazon CEO is nearly 38% richer than the British monarchy.

6. The Amazon CEO is nearly 38% richer than the British monarchy.

Image credit:

Chris Jackson/Getty

The British royal family is worth an estimated $88 billion, according to Forbes.

7. Bezos is worth about the equivalent of the entire GDP of Angola.

7. Bezos is worth about the equivalent of the entire GDP of Angola.

Luanda, Angola.

Image credit:

Nichole Sobecki for The Washington Post via Getty Images

About half of Angola’s $121 billion GDP comes from oil production,which accounts for more than 90% of the country’s exports.

8. Bezos’ net worth is greater than the GDP of Iceland, Afghanistan, and Costa Rica — combined.

8. Bezos' net worth is greater than the GDP of Iceland, Afghanistan, and Costa Rica -- combined.

Reykjavik, Iceland.

Image credit:

Maja Hitij/Bongarts/Getty Images

Iceland’s GDP is about $31.6 billion, Afghanistan’s is $22.9 billion, and Costa Rica’s is $64.8 billion.

9. According to the Social Security Administration, the average American man with a bachelor’s degree will earn approximately $2.19 million in his lifetime. Bezos makes that in just under 15 minutes.

9. According to the Social Security Administration, the average American man with a bachelor's degree will earn approximately $2.19 million in his lifetime. Bezos makes that in just under 15 minutes.

Image credit:

Alex Wong/Getty Images

According to the SSA, the average American woman with a bachelor’s degree will earn $1.32 million in her lifetime.

Bezos, who has a bachelor’s degree from Princeton University, makes about$149,353 every minute, according to calculations by Business Insider.

[ad_2]

Source link

Filed Under: Entrepreneur

Only 48% of Restaurant Owners Feel Prepared to Capitalize on Future Mobile Innovations

May 2, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Only 48% of Owners Feel Ready for Future Mobile Restaurant Technology

Mobile has become an integral part of the food and beverage industry. For restaurant owners, this technology has introduced new levels of efficiency in front and backend operations. But according to a new survey by Oracle, only 48% of owners feel prepared to capitalize on future mobile innovations.

Another 62% also expressed doubt in their ability to keep up with the changes taking place in mobile technology. This is despite the fact they fully recognize the threat coming from competitors who have adopted mobile solutions. More than half (59%) said their company faces the threat of disruption from these competitors.

The data comes from two surveys carried by Oracle in the food and beverage and hospitality industries. The food and beverage survey is titled “Going Mobile: A Benchmark of Mobility Maturity in the Restaurant Industry.” And the hospitality survey is the “2019 Hospitality Benchmark Report Mobile Maturity Analysis.”

Both surveys looked into the challenges these industries face in adopting mobile technology and how they can benefit from them.

Simon de Montfort Walker, senior vice president and general manager for Oracle Food and Beverage, said mobile has completely changed the segment.

In the press release, he went on to say businesses who don’t adopt the technology will not be relevant. Adding, “In order to remain relevant to a rapidly evolving audience, restaurants must act quickly to modernize their mobile strategy and offerings. Today, the experience a customer has ordering online or from a kiosk can be just as essential as if they were ordering in the store.”

How Can Restaurants Benefit from Mobile Technology?

The study says there is a “clear and urgent need” for restaurants to adopt the right overall mobile technology. This includes front and back-end solutions with comprehensive systems.

Having these solutions is especially important for small businesses. Owners can drive higher ticket value, turn tables faster and generate more cross and upsell. The technology also improves the guest experience and help cut labor costs by introducing new levels of efficiency.

When it comes to cost, a good app can save a restaurant money on several different fronts. Owners said it saved time and money in hiring, monitoring stock to avoid waste, changing menu quickly, and more.

For 84% of the respondent, guest-facing apps have translated into lower labor costs. And 96% agreed a mobile inventory management app was responsible for saving them time and money.

The Guest Experience

With smartphones now in the hand of almost all adults, restaurant mobile apps are delivering a better dining experience. Customers are making reservations, ordering food, making payments, leaving reviews, and engaging with owners.

In the survey 86% of the owners said branded mobile apps increase the speed in which they deliver service. Faster service has translated into more customers being served, which in turn has increased revenue.

Ninety-three percent of owners also said the guest-facing apps promote loyalty, drive repeat business and improve the guest experience.

The Survey

Oracle carried out the survey with the participation of 279 leaders in the food and beverage industry during the summer of 2018. Seventy-one percent of the respondents are director level or higher and they use mobile technology in their organizations.

The restaurants were full-service, fast casual, and quick service establishments.

Image: Depositphotos.com

This article, “Only 48% of Restaurant Owners Feel Prepared to Capitalize on Future Mobile Innovations” was first published on Small Business Trends



[ad_2]

Source link

Filed Under: Strategy

  • « Previous Page
  • 1
  • …
  • 26
  • 27
  • 28
  • 29
  • 30
  • …
  • 47
  • Next Page »

Sign up for our newsletter and receive a free EBook on how to boost productivity






Find it

Blog By

Small Business Consultant and Accountant helping grow your small business Read More…

Follow us online

  • Email
  • LinkedIn
  • Twitter

Recent Posts

Unlock Small Business Triumph: Your Definitive Guide to Success

Small Business Topics: A Comprehensive Guide for Success As a … [Read More...]

  • Why the F&B Sector Needs Streamlined Payment Methods – Business
  • The Rise of AI in Ecommerce Outsourcing – Ecommerce
  • The Benefits of Turnkey Tech Solutions for Forex Brokers – Business

Archives

  • December 2024 (1)
  • March 2024 (2)
  • February 2024 (3)
  • January 2024 (1)
  • December 2023 (3)
  • November 2023 (1)
  • October 2023 (3)
  • September 2023 (6)
  • August 2023 (1)
  • July 2023 (5)
  • June 2023 (16)
  • May 2023 (1)
  • April 2023 (2)
  • March 2023 (4)
  • February 2023 (2)
  • January 2023 (5)
  • December 2022 (5)
  • November 2022 (8)
  • October 2022 (7)
  • September 2022 (6)
  • August 2022 (6)
  • July 2022 (13)
  • June 2022 (11)
  • May 2022 (7)
  • April 2022 (8)
  • March 2022 (12)
  • February 2022 (8)
  • January 2022 (11)
  • December 2021 (9)
  • November 2021 (10)
  • October 2021 (11)
  • September 2021 (3)
  • August 2021 (10)
  • July 2021 (12)
  • June 2021 (5)
  • May 2021 (10)
  • April 2021 (17)
  • March 2021 (40)
  • February 2021 (39)
  • January 2021 (58)
  • December 2020 (66)
  • November 2020 (59)
  • October 2020 (34)
  • September 2020 (47)
  • August 2020 (37)
  • July 2020 (2)
  • May 2020 (1)
  • April 2020 (1)
  • March 2020 (33)
  • February 2020 (25)
  • January 2020 (20)
  • December 2019 (27)
  • November 2019 (28)
  • October 2019 (34)
  • September 2019 (38)
  • August 2019 (13)
  • July 2019 (44)
  • June 2019 (40)
  • May 2019 (58)
  • April 2019 (51)
  • March 2019 (43)
  • February 2019 (44)
  • January 2019 (43)
  • December 2018 (47)
  • November 2018 (43)
  • October 2018 (58)
  • September 2018 (44)
  • August 2018 (60)
  • July 2018 (49)
  • June 2018 (58)
  • May 2018 (54)
  • April 2018 (39)
  • March 2018 (46)
  • February 2018 (48)

Topics Covered

business consulting business growth business management business marketing business strategy business topics small business small business success small business topics

Biz Opps

[ad_1] Featured image by Blake Wisz on … [Read More...]

[ad_1] Are you looking for the best ways … [Read More...]

[ad_1] Featured image by … [Read More...]

Customer Focus

[ad_1] First published in Exchange, the magazine … [Read More...]

Entrepreneurs

[ad_1] Uptown Cheapskate is a resale … [Read More...]

[ad_1] A team of neuroscientists in the … [Read More...]

[ad_1] This article was translated … [Read More...]

Strategy

[ad_1] If you buy something through our links, we … [Read More...]

[ad_1] In helping celebrate Black History Month, … [Read More...]

[ad_1] ZOHO started its current Email Marketing … [Read More...]

Supply Chain

[ad_1] Although managing inbound shipping can be … [Read More...]

© Copyright 2015 iSmall-Business.net · All Rights Reserved · Powered by ISmall-Business.net · Admin