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 / 2022 / Archives for June 2022

Archives for June 2022

3 Inspiring Ideas for Your Next Company Retreat in Berlin – Business

June 30, 2022 by Asif Nazeer Leave a Comment


Within their office walls, companies rarely manage to build a cohesive team of employees. This is likely because the working atmosphere there establishes a team that’s solely for work purposes. However, you need your team to maintain open communication even outside the office. This is why you should consider organizing a company retreat in Berlin.

RELATED ARTICLE: HOW TO BUILD A TEAM-ORIENTED BUSINESS CULTURE

This city is so diverse that you can find activities that will appeal to each of your employees. Whether your employees love the outdoors or want an adrenaline rush, you’ll find everything you need here. For a full-fledged organization of events, you just have to find ideas for a corporate holiday. You must also think about transportation, but this will not be a problem if you use the service of a charter bus company in Berlin.

We will share inspirational ideas with you. Then, all you have to do is book a bus charter Berlin and go on vacation with your team.

Immerse Yourself in the Virtual World

People from all over the world find the virtual world absorbing. Make your trip to Berlin an opportunity to go on a virtual journey with your colleagues, playing a series of exciting video games with an immersive experience.

You can play several video games that will appeal to your entire team. You will be immersed in beautifully designed games where you will have to work together with the team to complete challenging tasks. The games are multiplayer and therefore you will need to cooperate to win. This experience will be interesting for both beginners and experienced players.

RELATED ARTICLE: COMMON HR TERMS ALL BUSINESS OWNERS SHOULD KNOW

Plan a Berlin Holiday for Thrill-Seekers

Office routine can absorb every employee. To cheer up and gain energy, it does not hurt to get thrills and raise the level of adrenaline. What about flying without rising into the sky? This will make your blood boil in your veins.

So head to Berlin to skydive with your team. With a bus hire in Berlin, you will quickly reach your destination, where first a team of professional instructors will give you a master class, and then take off into the sky.

You will be able to experience acceleration up to 180 km per hour. It will seem to you as if you jumped out of an airplane with a parachute. This is a great chance for every employee to spread their wings.

Take a High Ropes Course

Another great pastime is a trip to the sky park, where you and your team can test your nerves by climbing the treetops and passing physical tests. This is a great chance to spend time with colleagues in nature engaged in outdoor activities.

For a comfortable trip, use minibus hire in Berlin. During the trip you can discuss what awaits you and choose a route of any difficulty level. An exciting time on the ropes course lies ahead. After that, you can have dinner in a café located in the forest, where you and your team can discuss your experiences.

RELATED ARTICLE: THE IDEAL BUSINESS OUTING: TAKE YOUR EMPLOYEES ON A HIKE

Have a Great Time in Berlin with Your Team

In Berlin, you can have a great time with your team. To maintain the team spirit in the city, you can find many activities that will appeal to everyone. All you have to do is find what you want to do and rent a minibus in Berlin to comfortably move your team around the city and keep up with your schedule.

RELATED ARTICLE: OFFICE FURNITURE: HOW TO PICK THE BEST PIECES FOR YOUR SPACE



Source link

Filed Under: Biz Opportunities

A Guide for First-Time Business Owners – Business

June 30, 2022 by Asif Nazeer Leave a Comment


Running a limited liability company comes with a lot of benefits. Read the article here to learn how you can successfully incorporate your business in Ontario.

RELATED ARTICLE: WHY COMPLEX BUSINESSES NEED A CUSTOMIZED PLATFORM

Business incorporation is the process of turning a general partnership or a sole proprietorship into a formally recognized company. An enterprise that goes through this process becomes a legal structure that’s separate from the individual founders. In other words, the company’s resources are set apart from the personal resources of the people who founded it.

The new limited liability company (LLC) changes how the law views the business as a whole. In most cases, this setup also has more credibility with employees and prospective clients. It’s worth noting that the process of incorporation and the laws governing the world of business may vary with government policies. As such, it’s imperative that you research all the requirements beforehand.

The Process of Business Incorporation in Ontario

Incorporating a partnership or sole proprietorship in Ontario isn’t as complicated as many people think. Provided you have all the requirements and understand the necessary steps, you can complete the whole process within a very short time. Read on to learn some of the main steps.

Step 1: Name Registration

The first thing you’ll need to do is come up with a name that is not only unique, but also describes your business adequately. You’d want to use a word or phrase that prints a memorable identity in the minds of the clients. For instance, for Ontario companies as well as companies elsewhere, a word that your target audience can relate to is a perfect option because it’s a lot easier to remember.

Other factors to consider when choosing a business name is where else you will be utilizing it. For instance, in this world and age, it’s important to have a website. The domain of this website should be the company’s name. Therefore, in the selection process, it would be a wise idea to confirm the domain’s availability for every proposed name.

The same goes for social media handles. Having a social media name that matches that of another business can be confusing to customers. While you’re at it, you might also want to keep in mind visual marketing aspects, like logos.

Based on the aforementioned reasons, you can already see why your business name will need to be as unique as possible. However, that’s not to say you should choose a complex word because that will make it difficult for potential clients to remember it.

Step 2: Completing the Documentation

The next step is to ensure that you complete all the necessary forms. The most important document is the Articles of Incorporation. It’s basically a legal document that sets out how a limited liability company will be run within Ontario. The rules and laws presented here are governed by the Business Corporations Act. Another thing to note is that the Articles of Incorporation document is publicly available for anyone to use.

When filling out this form, it’s recommended that you get help from the experts where possible. Even if you’re a trained lawyer, getting independent advice from experienced people in Ontario will ensure that you don’t mess up the details. It will also save you money and time that you would have otherwise used while making corrections in the future.

Step 3: Submitting the Documentation

After filling out all the necessary information, the next step will be to submit your forms. There are a number of ways you could do this, with the most traditional one being physical delivery at a government office. A convenient one, however, would be electronic submission, which can save you time and money.

Many people, however, prefer a third-party processing company to finalize the process. Such firms offer important incorporation services at a fee. Of course, if you go this route, you’re likely to enjoy greater convenience. Since you’ll be served by experts in Ontario, you can ask the necessary questions to avoid future frustrations, too.

Step 4: The Processing Stage

Once you’ve done your part, you can sit back and wait for the Ontario provincial government to assess your documents. If everything checks out and the application is approved, you’ll be given a certificate of incorporation and a Business Identification Number (BIN). After this stage, your business will then be considered an official entity and can only be dissolved through a legally approved process.

Reasons for Incorporating in Ontario

Incorporation might be among the last things on your to-do list, probably because you’re not sure if it’s right for you. But why are many people looking to form a limited liability company rather than running a small individual business? Here are the benefits that seem to attract many entrepreneurs:

Limited Liability

When you start a small business, everything runs through you. As the owner, you’re not only required to invest money but also to ensure that everything is running smoothly and service any existing loans. In case the business fails to clear its debts, a creditor may claim your property and use any means possible to recover their money.

RELATED ARTICLE: STARTING YOUR OWN BUSINESS? HERE’S WHAT YOU’LL NEED

On the other hand, an LLC runs separately. It isn’t linked to the founders’ personal resources. As such, if the company finds itself in a similar situation mentioned above, the creditor won’t have any legal backing to claim your personal assets as a way of recovering the debts accrued by the business. This is as true in Ontario as it is elsewhere in the world.

This is, therefore, beneficial to you because you can work on stabilizing the company without any worries of losing your personal wealth.

Easier to Transfer Ownership

One thing that many investors consider before choosing where to channel their money is the ease of ownership transfer. It’s quite easy to complete this process in an incorporated business in Ontario because, as a founder, you only own part of the shares and not the company’s assets. As such, all you’ll need to do to transfer ownership is to sell your shares. Such set-ups end up attracting many investors, especially those who are looking for a long-term partnership.

Enhances Credibility

Apart from investors, employees and potential clients are also always looking for a business in which they can partner or work for a long-term period. You might lose many potential business partners no matter how well-performing your sole proprietorship is because it doesn’t hold as much credibility as a corporation.

With an LLC, employees, suppliers, and investors will see that you’re serious and can work with them long term. This level of credibility is crucial for any business success.

RELATED ARTICLE: HOW A VA WILL HELP YOU MANAGE CUSTOMER RELATIONSHIPS

Conclusion

The incorporation of your business can be beneficial to your entrepreneurship career. You’ll enjoy limited liability, higher credibility, and ease of ownership transfer. The process of incorporating a company in Ontario involves name selection, filling out the necessary documentation, and submitting the forms. Once done, you’ll then wait for your business identification number and certificate of incorporation upon the approval of your application.

RELATED ARTICLE: PAYING YOUR FAIR SHARE: A BRIEF GUIDE TO PAYING YOUR TAXES AS A FREELANCER



Source link

Filed Under: Biz Opportunities

The Benefits of a Small Business Credit Card – Running Your Business

June 29, 2022 by Asif Nazeer Leave a Comment


Featured image by Blake Wisz on Unsplash

If you’re a small business owner, you know that every dollar counts. That’s why finding ways to save money and optimize your finances is important. One way to do this is by using a small business credit card.

RELATED ARTICLE: GROWING A HOME-BASED BUSINESS: 4 WAYS TO MAKE IT HAPPEN

This is because a business credit card comes with a variety of benefits and can be a valuable tool for any business owner. Here are four important benefits of using a small business credit card:

A Small Business Credit Card Provides Increased Buying Power

Small businesses can use their small business credit card to make larger purchases than they could with just their personal credit rating alone. This is especially helpful for businesses that may have a seasonality to their sales or need to make a large purchase for inventory so they can take advantage of a sale.

In an increasingly competitive marketplace, small businesses need to find ways to stay ahead of the curve and keep up with their larger competitors. A credit card for your company helps you take advantage of volume discounts, special financing offers, and other perks that are typically only available to larger businesses.

You Can Track Expenses More Easily

When you have a credit card for your company, you can more easily track your expenses and keep them separate from your personal spending. This can help you stay organized and on top of your finances. This is especially important for any small business owner. Most credit cards of this type have a variety of features that make tracking expenses easier:

  • Easy integration with your accounting tools
  • Detailed spend reports that help you see where your money is going
  • The ability to set up spending limits and track employee spending
  • Automatic payment options that help you stay on top of your bills

These features can help identify areas where you may be able to cut costs or save money.

Build Credit for Your Company with This Card

A small business credit card can also help you build credit for your company. This can be important for getting loans or lines of credit in the future. Your credit card expenses are reported to business credit reporting agencies. This can help you build a positive credit history for your company that helps your company in multiple ways. For example, it could help you get future financing for your enterprise.

The most important thing is to ensure that you:

  • Make all your payments on time
  • Don’t max out your credit limit
  • Keep your balance low

By following these steps, you can help build a strong business credit history. Obviously, this will benefit your company in the long run.

Earn Rewards with a Small Business Credit Card

Image from krakenimages on Unsplash

Many business credit cards also offer rewards programs that allow you to earn points or cash back on your purchases. These rewards can be used to save money on future company expenses, reducing your overall costs. Be sure to compare rewards programs and choose one that offers the best benefits for you.

For example, most rewards can be redeemed for:

  • Travel expenses
  • Gift cards
  • Discounts on offers for products and services

Depending on your spending, you can potentially save a significant amount of money by using a rewards credit card.

RELATED ARTICLE: WHAT IS A DEDICATED IP? INTERNET BASICS 101

Take Advantage of a Company Credit Card

A business credit card can be a helpful tool for small business owners. By taking advantage of the benefits that a credit card such as this offers, you can manage company finances more effectively and improve your bottom line. You get to see all your expenses in one place. Moreover, you can earn rewards for spending on business-related expenses.

You can also use a business credit card to help build your business credit history. This will indeed be helpful if you ever need to apply for a loan or other type of financing. So, if you’re a small business owner, consider getting a credit card for your company that suits your needs. You may be surprised at how much it can help your company.

RELATED ARTICLE: YOUTUBE CHANNEL PROMOTION FROM SCRATCH



Source link

Filed Under: Biz Opportunities

Which One Makes the World Go Round? – Business

June 27, 2022 by Asif Nazeer Leave a Comment


Featured image by cosma

It’s a common saying that money makes the world go round. But does this statement hold true for all facets of the technological landscape? While it is true that many people (and countries) need more money to invest in new technology, there are many benefits of technology in society that require no monetary investment.

Consider These Examples of the Benefits of Technology

For example, recent reports show that private companies have spent more than $500 billion on research and development since 1981. Additionally, examining productivity over time shows an ever-increasing rate between 1870 and today.

Another recent report shows that the population of our planet is growing at the staggering rate of 81 million people per year. This leads us to reasonably estimate that the total tech investments we might require will be $2 trillion annually.

Image Source: The Economist

All of these statistics suggest that while technological investment requires money, there are other factors at play. The simple answer to this question is: yes and no. While having money helps with large investments in tech, it is not necessary for smaller incentives.

From another perspective, in the early stages of property and business ownership, money invested in a new enterprise was a necessity. The amount of capital that went into building an early factory was a crucial tool for economic growth.

But with mobile technology advancing at such a rapid rate, some argue that money is no longer needed for technology to advance into the sophisticated tech we have today. Soon enough, the combination of advanced technologies will have advanced to the point where common people can make their own tech investments on their own terms.

Even though the concept of “money makes the world go round” exists in our everyday lives, it’s important to remember that many other factors shape our modern society, too.

Too Much Money Has an Adverse Effect on the World

Many people believe that money makes the world go round, but this is not true in all cases. There are many ways and situations in which money might actually create more problems than it solves.

The most obvious source of conflict is serious market instability. When there is too much money and not enough exchange value to match it, inflation creeps in. This is a cause for concern for investors and consumers. Low financial returns for investors, or even no return at all, could mean major upheaval for those who want to make investments in technology or simply for the future.

Image Source: The Balance

Environmental issues that occur with too much money in a particular environment affect all of the people who live there directly or indirectly. One of the biggest problems with corporate responsibility is how long it takes for everyone to feel the impact of those decisions.

Money has developed an almost mythic importance in society. It’s often considered as the ultimate source of power, wealth, and success. However, money actually doesn’t make the world go around. Billions of people in the world have been left behind.

This is because money is not a necessary condition for sharing in the wealth, or even for survival. You don’t need to have much or in some cases any money at all to thrive. The natural state of living conditions on this planet allows you to survive and thrive without any monetary investment whatsoever.

But Too Much technology Isn’t Always a Good Thing

Technology makes the world go around. But that doesn’t mean that it’s always a good thing.

All of the advanced technologies we use today were invented to help us solve problems, including many of the problems we create now. Technology is essential for the society in which we live. Therefore, it is inevitable that technology will change how we live and how we interact with each other.

RELATED ARTICLE: TECHNOLOGICAL INNOVATIONS STREAMLINE HEALTHCARE MANAGEMENT

For example, business leaders once thought of two-way television as a worthy investment. Today it’s virtually useless because nobody watches all those free channels nowadays. Plus, it costs too much money to run.

It’s relevant to consider that even video was once a cutting-edge technology. The first public test happened in 1927. Now we use it every day and hardly even think about where it comes from and how much it costs.

RELATED ARTICLE: 5 BIG BUSINESS PROBLEMS SOLVED BY THE CLOUD

Conclusion

You can’t afford to ignore the fact that technological progress is happening all over the world. Nowadays, people around the world are investing more and more money in technology because they want to keep up with what’s happening in other regions of the globe.

And so, people generally accept the concept of “money makes the world go round” as a truism. In many cases, this statement goes unquestioned and uncontested because of its apparent common sense. But as we have seen in this post, this is not always true.

RELATED ARTICLE: 3D PRINTING: HOW IT TOUCHES OUR LIVES



Source link

Filed Under: Biz Opportunities

4 Interesting Benefits of Running a Non-Profit Business – Business Ideas

June 20, 2022 by Asif Nazeer Leave a Comment


Featured image by Kelly Sikkema from Unsplash

Business runs our world. No matter what your opinions are on the matter, companies provide goods and services to make a profit. They typically take those gains and reinvest them into the company to continue to improve their bottom line. This is the most basic definition that encompasses every potential reason for a business to exist. There are still times when making money for the sake of business growth is not the sole factor for going into business. Enter the non-profit organization.

The purpose of a non-profit is to take the money gained from doing business, and put it back into the community. Non-profits address issues like child hunger or other forms of human suffering.

As the merits of non-profit organizations have continued to be expressed, industries that are typically for-profit have started to get in on non-profit business practices. Non-profit auto insurance companies are just one such example of this trend. 

We’ll cover the many non-profits that have cropped up over the years, along with the benefits of running different types of non-profits. What will we see in the future for non-profits? There’s a lot to discuss, and these are the four most prominent high points for the concept of starting non-profit organizations. 

RELATED ARTICLE: 6 SMART WAYS TO SCALE YOUR BUSINESS IN 2022

1. Introducing Necessities to Those in Need

This is probably the first thing you think about when you contemplate the benefits of a non-profit. Many of these organizations put their resources and funds earned toward helping those who need basic essentials. We’ve all put a few dollars in the red bucket during Christmas when the Salvation Army is standing at the door. 

What people don’t think about is how many non-profits there are that support other things than just food and water. While these are pivotal for all of us to stay alive, there are a lot of other issues non-profit organizations try to help solve through their mission statement. 

Technology

We all know how important technology is to our modern economy. However, many don’t have the opportunity to get in on the revolution. So, if this is something that bothers you, think about starting a non-profit to provide computers to poverty-ridden areas. This will allow people to engage in the technological-business sphere, like making their perfect blog idea come to life. 

Environment

Our environment and our wildlife are in grave danger right now. Human-caused climate change is destroying our planet. Moreover, it’s taking away natural habitats for animals that have lived in the same places for thousands of years. If you are passionate about helping to create cleaner energy, start a non-profit car company that sells eco-friendly vehicles. 

You can find even more non-conventional nonprofit organizations if you are interested in starting your own and want an example of success. Think of something that needs special attention. If you think you can help a section of the population with a non-profit, go for it. 

Quality of Life

If you are interested in helping people get other necessities, like car insurance, think about getting involved in non-profit insurance companies. The policyholders are the ones with the control and the power instead of the bosses upstairs. It seems obvious that something like insurance would benefit from a non-profit model, but it’s taken a while to catch on. 

Furthermore, knowing you’re doing good for the world is one of the most fulfilling things you can do in the world of business. Non-profit organizations do this with sharp ideas and clear execution. 

2. Your Business Could Be Tax Exempt

Many people get dissuaded to start their own business. Mainly because they worry about the taxes that will follow. It can get pricey to answer to the IRS every year, especially if you get into a higher tax bracket. 

Also, starting a non-profit organization is a great way to contribute to your community and get into the business world without giving back to the government. Non–profit organizations are tax exempt under the Internal Revenue Codes. 

The reason non-profit organizations are exempt is that they help do things for society that the government would normally be held responsible for. Non-profits are public-owned institutions. They don’t need to give money back to the public because their entire profits go to public services.  

Make sure you research the tax parameters of your non-profit before just assuming you will be exempt. Some types of organizations still have to pay a section of profits to the IRS in special circumstances. Try to see the factors that will contribute to this possibility and don’t ever assume anything. 

RELATED ARTICLE: 4 WAYS TO PROTECT YOUR BUSINESS IN 2022

3. Creativity Can Flourish

There are more restrictions placed on the creative boundaries of traditional for-profit companies. Everything revolves around gaining new customers, whether that is through social media advertising or traditional TV spots. 

When you run a non-profit company, the only pressure you have is to help society and the people around you. This means you can have a larger leash and more creative freedom in getting this mission completed. 

There aren’t shareholders to address. There aren’t end-of-year profit goals to reach. Employees don’t have the pressure of hitting certain benchmarks to keep their jobs. Non-profits give liberties that other businesses don’t have. So, this makes everyone pull the rope in the same direction, and produces better results in the end. 

4. Everyone Is Supportive of the Cause

The working environment of a non-profit is so much more inclusive and encouraging. Furthermore, the type people who work at these places have a passion for the projects being done and the people being helped. They agree with the objectives on the whiteboard every morning. They are there to help their neighbors and their fellow humans, not make money to survive. 

If you want to start a company where all your employees are on the same page as you are, start a non-profit. You are never going to get this quality when you start a traditional business. An enormous benefit to social-cause businesses is the selflessness at the core of the business model. 

So, all these benefits work in unison to create a special experience that helps people around the world. You can have great intentions of helping your community in for-profit businesses, too. Still, they are never going to be as pure or precise in bringing those good deeds to life as a non-profit will. 

Shawn Laib

Shawn Laib writes and researches for the auto insurance comparison site, AutoInsurance.org. He wanted to help entrepreneurs understand the potential business ideas in the non-profit world by sharing this article with us. 

RELATED ARTICLE: STAYING AHEAD IN A DYNAMIC BUSINESS ENVIRONMENT



Source link

Filed Under: Biz Opportunities

5 Business Needs Depending on Your Company – Business

June 18, 2022 by Asif Nazeer Leave a Comment


To keep your business ahead of the curve, it is critical that you look into the software and other digital solutions your business needs. These tools can make your business more productive across the board.

To help you identify your business’s needs, here are five common business needs that you can address with helpful tools. Use the examples below as general references and apply them to the specifics of your company.

1. Digital Communication Systems: To Communicate Effectively

For mobile businesses and companies that operate remotely, there may be times when the need for communicating on the go becomes crucial. Whether you need to send files or discuss business projects, integrating a digital communication system can make conversing anywhere possible. Then your office becomes a digital sphere with a communication system.

If you need to track frequent updates on projects, such as pinpoint work areas within the body shop labor guide for your car repair business, a communication platform can prevent endless back-and-forth phone calls and emails. Additionally, there are many different systems available that cater to other business goals. So look into the options you feel best match the work tools you need to keep business booming.

2. A Payroll System: To Manage Payments

To ensure you can handle all of the payment criteria associated with your business, invest in a payroll system and set up automatic payments. This will help you stay on top of deadlines.

You need to make sure you’re paying your staff and partners on time, which can be challenging to accomplish on your own. Especially if you have a massive company with many people to take care of, getting a solid payroll system can be the lifesaver your business needs in order to thrive.

RELATED ARTICLE: HOW TO SELECT THE BEST PAYROLL METHOD FOR YOUR BUSINESS

3. Inventory Management Software: To Track Materials

If you have warehouses of equipment, products, or other goods related to your business, keeping track of inventory is serious business. But getting management software involved can help you categorize your data and track materials without needing to count items or know the exact location of merchandise.

Then, with everything uploaded into a cloud-based system, you can easily insert the criteria you need and have it pulled up automatically. In short, you can work smarter, not harder, with an inventory management system in place. 

4. Productivity Timers: To Work Efficiently

Help employees boost their productivity by using productivity timers they can store on their dashboard. There are many widgets and apps that can accommodate timers for projects, including options for presetting times if you need to meet a specific goal.

You might introduce productivity timer systems like the Pomodoro Technique and have each employee integrate this widget on their computer. By breaking down tasks into 25-minute segments and 5-minute breaks, your team can stay organized and focused without compromising rest. Then you’ll see how quickly your employees can complete tasks using productivity timers for work.

5. Anonymous Workplace Surveys: To Gather Feedback

Get your business signed up to create workplace surveys that your team can complete on their own time. By getting regular feedback from your team, you can make the necessary improvements to keep them happy and productive and continue on the path to success.

You can also extend this format to customers willing to comply with customer feedback surveys. Everyone can complete the surveys anonymously from their computers, and you can receive their feedback instantly for review.

The Bottom Line

Every business needs to have a variety of tools and systems in place to keep things running smoothly. There are variations but some of the overlap is commonplace for most, if not all businesses today. So consider the ideas above for your business to address your company’s needs with practical solutions.

RELATED ARTICLE: WAYS TO SCALE AND GROW YOUR CONSULTING BUSINESS



Source link

Filed Under: Biz Opportunities

Common Reasons People Seek Restitution from Their Employers – Ideas

June 14, 2022 by Asif Nazeer Leave a Comment


Featured image by Thirdman on Pexels

Workplace mistreatment is hardly uncommon in the US. In fact, many members of the workforce have come to expect it from their employers. However, the fact that this type of behavior is widespread doesn’t make it any less unacceptable. Furthermore, certain actions on the part of an employer can open them up to legal action. Below are some common reasons workers seek restitution from their employers.

RELATED ARTICLE: EMPLOYEE FEEDBACK WILL HELP YOU GROW YOUR BUSINESS

On-the-Job Injuries Can Cause Workers to Seek Restitution

It is incumbent upon every employer to provide their employees with a safe work environment. Many members of the workforce have come to expect some degree of mistreatment from their employers. But being injured on the job is not something they should have to constantly worry about.

So if any of your workers have incurred injuries as a result of an unsafe workplace and/or outright negligence on your part, don’t doubt that at least one or two of them will reach out to an attorney and try to find restitution.

The absolute least an employer can do is provide workers with safe working conditions. Rest assured that your more knowledegable employees will look for a good personal injury lawyer who can be an invaluable ally in this endeavor.

Unpaid Workers’ Compensation Is More Common Than You Might Think

If someone has been injured as a result of unsafe working conditions, it is your obligation to pay workers’ compensation claims.

Unfortunately, far too many employers find ridiculous reasons to refuse these claims. This effectively leaves injured employees high and dry. In many cases, these employers are banking on the affected parties not taking the appropriate legal action. After all, they wouldn’t skirt such an important obligation so brazenly if they didn’t think they wouldn’t be able to get away with it.

So if any of your workers has been injured on the job and you have ignored their compensation claims, they may seek restitution. They may call your bluff by reaching out to a knowledgeable attorney.

Unlawful Termination Can Lead a Former Employee to Seek Restitution

When it comes to letting employees go, many businesses are far from compassionate. As a result, fired employees often find themselves completely blindsided when their employers are looking to downsize.

If the circumstances surrounding a termination violate the employment contract or a worker’s general rights as a member of the workforce, they may have solid grounds for seeking restitution.

For example, if you fire someone for failing to meet a sales quota that you never outlined in their employment contract or even mentioned to them until the time of their firing, they can rightfully seek restitution. All they have to do is get in touch with a lawyer.

Similarly, if someone loses their job in response to a rules violation that has never before resulted in an employee losing their job, reaching out to an attorney may prove worth their while.

Sexual Harassment Is an Ongoing Problem

Harassment in the workplace is a problem that countless members of the workforce contend with on a daily basis. Furthermore, it’s a problem that comes in a variety of forms.

Most notably, there’s sexual harassment. Surprisingly, this remains as persistent as ever despite heightened awareness of the issue. Anyone who has ever been objectified, inappropriately touched, or propositioned by any of their bosses or coworkers has been the victim of sexual harassment. And there’s no reason they should not seek restitution. The responsible parties should never get away with such behavior.

Unfortunately, a staggering number of employers look the other way when it comes to this issue. Many of them actively downplay it. Others simply refuse to acknowledge it altogether. Needless to say, this is hardly ideal for sexual harassment victims. They often feel unheard and trapped in unhealthy work situations.

However, regardless of how much an employer attempts to minimize the issue, they have the right to seek restitution. Workers who are tired of finding themselves on the receiving end of inappropriate and unprofessional behavior can call on a dependable attorney for relief. 

RELATED ARTICLE: HOW TO BUILD AN EFFECTIVE REMOTE WORKFORCE

Conclusion

In the US, many members of the workforce have come to accept mistreatment from their employers as commonplace. And while they’re far from pleased with the way they’re treated at work, they often opt to roll with the punches instead of seeking recourse.

Although not wanting to rock the boat is perfectly understandable, there are certain types of behavior that no employee should have to tolerate. If you feel singled out by this article as an employer, commit now to improving working conditions for your employees. Otherwise, they have every right to contact a good attorney and seek restitution.

RELATED ARTICLE: 6 SIMPLE WAYS TO INCENTIVIZE AND MOTIVATE YOUR EMPLOYEES



Source link

Filed Under: Biz Opportunities

When Are Employees Most Likely to Quit? – Running Your Business

June 13, 2022 by Asif Nazeer Leave a Comment


The Great Resignation isn’t over. Beginning in early 2021 and continuing today, millions upon millions of Americans have quit their jobs in pursuit of more satisfying work.

No organization has been untouched by this major employment trend. And now every organization is suffering from an ongoing labor shortage as countless legions of employees take their time in determining their next career steps.

RELATED ARTICLE: EMPLOYEE RETENTION: WHY YOU SHOULD CARE AND HOW TO IMPROVE IT

Though the Great Resignation has demonstrated that workers can and will resign whenever they feel compelled to do so, research has found that in normal times, workers tend to quit during or after one of three periods in their career.

Employees Sometimes Quit Around Their Birthdays

Different people have different reactions to their birthday. While many relish the opportunity to be the center of attention and enjoy celebrating any occasion with cake and presents, plenty of others find themselves uncomfortable with the idea of becoming another year older.

Especially as age climbs, more and more people tend to develop complicated feelings toward their birthday. The birthday becomes an annual opportunity to reflect on one’s life, including one’s past and present choices. Importantly, employees tend to consider carefully their current level of satisfaction and the status of their dreams around the time of their birthdays.

As a result, birthdays often become a crisis point for employees. This can be a time when they decide whether or not they will quit or remain in their current role.

Some birthdays more often precipitate a larger number of resignations. For example, milestone birthdays like 30, 40, 50, and 65 tend to provoke more serious reflection. These milestones generate more intense desire and and even panic regarding people’s hopes and dreams.

RELATED ARTICLE: HOW TO KEEP EMPLOYEES CONNECTED IN THE WORKPLACE

So employers should put extra work into demonstrating their appreciation and connection to employees on the verge of celebrating birthdays. This isn’t to say that it is vital for organizations to host extravagant birthday parties.

Some acknowledgement of the occasion, like a decorated desk or a team lunch, can go a long way. However, it is much more important for workplaces to mark birthdays with recommitments to their workers.

Managers should schedule one-on-one meetings to discuss satisfaction with responsibilities, career ambitions, and more. Organizations might enroll employees in some kind of career development program or offer workers responsibilities they have asked for in the past. The goal is to demonstrate gratitude and support for workers while keeping them engaged through the crisis of the birthday period.

Work Anniversaries Evoke Self-Reflection

A work anniversary is the annual recognition of an employee’s first day on the job. Like a birthday, it is a rare occasion that deserves some kind of celebration.

And like a birthday, it typically involves some kind of intensive self-reflection from employees. This can lead some to decide to quit their jobs. In fact, work anniversaries tend to focus a worker’s rumination on their career. This can lead them to think about their dreams and passions and whether their current role makes them happy.

As with birthdays, business leaders need to participate in employee anniversary recognition carefully.

Usually, organizations schedule performance reviews around anniversaries. Therefore, leaders should take advantage of these opportunities to get to know employees better. Use these times to work with employees to develop career plans that are mutually beneficial. In other words, try to renew employees’ interest in their jobs and thwart any notions of quitting.

A work anniversary is an excellent occasion for offering access to an organization’s mentorship program, for example. Alternatively, provide a title change that might come with attractive responsibilities if not an increase in pay or perks.

Most importantly, managers need to listen to what individual employees want around the time of their anniversaries. This could prevent any sour feelings that might result in an employee quitting around this time.

Social Events Can Lead to Employees Deciding to Quit

Comparison is the thief of joy, as the saying goes. So when many employees are in social situations that cause them to compare themselves unfavorably with peers, they are incentivized to quit their current jobs. Nearly everyone wants to find something that provides them with more social cachet.

Events like weddings, school and family reunions, industry conferences, and more all but force workers to talk about their current roles and responsibilities. This in turn compels them to reflect on their current status and potentially consider changes they might make to gain more satisfaction from their work.

RELATED ARTICLE: WILL LIFE EVER GET BACK TO NORMAL?

By no means should organizations strive to restrict employees’ participation in social events as a means of curtailing the reflection and comparison that can lead to resignation. Instead, business leaders should strive to develop strong personal connections with their team members.

Then, workers are more likely to come to their leaders with concerns about their current role instead of quitting their jobs. The organization can then develop solutions that will keep the employee happy and engaged for the long term.

Conclusion

The Great Resignation rages on. But even after it ends, employers need to face the fact that certain events will spur employees to quit. By identifying the most common times for resignations, businesses can develop strategies for keeping workers happy and engaged into the future.

RELATED ARTICLE: I JUST GRADUATED WITH AN MBA: NOW WHAT?



Source link

Filed Under: Biz Opportunities

5 Business Related Reasons to Obtain a Second Citizenship – Opportunity

June 7, 2022 by Asif Nazeer Leave a Comment


Featured image by Charlotte Noelle from Unsplash

Citizenship by investment programs have become increasingly popular in the past couple of years since many entrepreneurs have acquired a second passport. This passport offers many benefits, from visa-free traveling to tax optimization. While it provides more excellent opportunities, it can potentially influence your tax savings and joint ventures.

Depending on the country where you’ll decide to obtain your second citizenship, you may be eligible for various advantages for your business. Furthermore, you need to check whether the country allows for double taxation or a visa-free traveling to the particular country you’ve decided to invest in and expand your business.

The second citizenship market is expected to hit $100 billion by 2025 on a large scale.  Also, to help you learn more about these benefits in mind, we’ve put together this article which showcases the main business-related perks of having a second passport. So, let’s take a look.

1. Residence Benefits

Residence benefits guarantee you residency in the particular country you’ll apply for a passport. Furthermore, many countries offer citizenship by investment programs where you can invest and become a citizen of that specific country. So, if you get citizenship, you have every right to live in that country. No visas or travel arrangements are required!

For example, the St. Kitts citizenship by investment program offers excellent opportunities for its citizens and potential citizens. Having a dual passport enables you to travel to a foreign country for your summer vacation or in case you need to leave your country.

RELATED ARTICLE: BUSINESS TRANSLATION: THE KEY TO INTERNATIONAL EXPANSION

2. New Business Opportunities

Obtaining second citizenship opens the door for new business opportunities. This passport can give you access to new markets where you can invest and boost your business margins. Additionally, you can invest in neighboring countries. The types of investments include:

  • Investing in real estate
  • Making a one-time donation to a National Fund
  • Investing in hotels or resorts

Although dual citizenship can be convoluted, it’s crucial that you invest in the rising market, buy cheap parcels and resell them in the future after the value has increased.

Also, if you want greater business opportunities beyond the reach of your home country, a second passport can give you the ground floor of accessing them.

Image by Barbara Maier from Unsplash

3. Outreach to Larger Markets

The rise of second passports and citizenship in the new era of business opportunities has skyrocketed. Moreover, there are programs created to suit the start-up companies and that focus on the potential of the business concept.

And over the years, the global need for start-ups and small businesses has grown proportionally. With the IT advancements and tools available in the industry, many companies decide to go digital and expand their outreach.

Business owners have access to the potential success of projects in new and fast-growing environments and sectors. So, the chances of succeeding are increased with the visa scheme that focuses on offering foreign entrepreneurs a faster process of establishing their brand.

Larger markets mean bigger profits. In the long term, your business will profit exponentially from the global network of buyers and potential customers.

RELATD ARTICLE: PASSPORT PHOTO MAKER: START YOUR OWN HOME-BASED STUDIO

4. Freedom to Travel

Depending on the country you apply for a passport, you might be eligible to travel to more than a hundred countries, visa-free. For example, Grenada offers those with citizenship the unique opportunity to travel to over 130 countries. Some of these include Russia, China, China, and the Schengen countries.

To learn more about the traveling regulations and visa-free travel, please check national or governmental entities, or consult a law company.

5. Lifestyle Benefits

As individuals, we are always concerned about our future. And whether we are making the right choice of staying in our home country, regardless of its economic instability or scarcity of employment opportunities. Many business owners decide to improve their lifestyles and increase their profits by obtaining a second passport and transferring their business abroad.

And after all of the hard work and hustle for many years, it’s time to have time for yourself and enjoy your retirement days. What’s better than spending your late years on a beach in the Caribbean Islands where your family can visit you?

Entrepreneurs choose the benefit of giving a better life to themselves and their descendants by obtaining dual citizenship. A second passport will always open the doors for many business opportunities and lifestyle improvements.

As a citizen of a foreign country, you can get better healthcare, education, tax optimizations, better living standards, and afford things you couldn’t afford in your home country.

Learn More About the Process

To learn more about the process of becoming a citizen in another country, please check our blog. The process is usually straightforward. Moreover, it consists of an online application and filling out paperwork, making a payment, and waiting for the company in charge of your citizenship application to take care of the rest.

RELATED ARTICLE: KEY FACTS ABOUT U.S. IMMIGRATION POLICIES



Source link

Filed Under: Biz Opportunities

How to Build a Roadmap That Leads to Your Goal – Business

June 4, 2022 by Asif Nazeer Leave a Comment


Featured image by John-Mark Smith via Pexels

The purpose of a roadmap for your business is the same as for any other roadmap: It helps you get to your destination. But instead of taking you on a road trip to the Grand Canyon, this roadmap leads you toward your objective.

And because it’s good business to start with questions, not ideas, start your trip by asking:

  1. Where am I now?
  2. Why do I want to go where I want to go?

These questions sound deceptively simple, but it’s worth taking the time to answer them thoroughly. The tips below will help you answer these questions (and more). By answering these questions everyone will be on the same page of your map.

RELATED ARTICLE: HOW TO BUILD A TEAM-ORIENTED BUSINESS CULTURE

Let’s now jump into specific tips on how you can use a roadmap to benefit your team and your company.

“About twice as many best performers (38%) use product Roadmaps than do worst performers (19%).” – Scott J. Cooper & Robert G. Edgett (2009)

Tip #1: Start with Questions to Define Your Objective

First, continue answering questions that will help you build the structure of your roadmap (think of them as the roads, bridges, and towns along the way).

The roadmap can do many things—like keep your team informed, set your priorities, and determine necessary resources—but its utility is only as good as the information you put into it. This means asking more “who, what, where, when, and why” questions, such as:

  • Where are we now? (Where are we in our current work?)
  • And where do we want to go? (What is our objective?)
  • Why do we want to go there? (Why is this objective important?)
  • When are we going to go there? (Over what time period will we work toward our objective?)
  • Who is coming with us? (Who will work on this objective?)
  • What do we need to do to reach our destination? (What concrete steps will we take toward the goal?)

Only the best companies and leaders have clear answers to these questions.

Tip #2: Determine the Factors Your Success Depends On

To continue the theme of asking questions, consider looking at these business functions through the lens of “why, what, and how” questions. Ask why your objective relates to your business and the market in which you operate. Ask what products and services that you offer factor into the success of your objective. Also, ask how the resources you have will aid you in reaching your objective.

The point is to make sure you look at your operations in their totality. Each decision you make—each step you take toward your objective—will affect all aspects of your business. This step makes sure you don’t limit your roadmap planning to only one area of your business.

Tip #3: Identify Your Obstacles

“πρόβλημα”(Greek) Próblēma. An obstacle, barrier, or hindrance.

Next, identify and name the obstacles that will get in the way of your trip to your objective. These are the things that will slow you down (heavy traffic), send you the wrong way (confusing detours), or stop your progress entirely (running out of gas).

This can be even more important than setting your objective. The objective itself is uninformative because it’s a distant landmark you have chosen because of its perfection. But no trip is without its problems. If you plan for obstacles, you will be prepared to bypass them when they appear.

Also, keep in mind that reaching your goal may require innovative solutions and unfamiliar methods your company hasn’t used before. Don’t be afraid to be creative!

Ways to brainstorm around these obstacles include:

  1. Collect all information about your objective in one place. (Start by answering the questions in Tip #1).
  2. Engage your entire team in the brainstorming process.
  3. Integrate your company’s mission and activities into the objective.
  4. Try out several versions of the roadmap by using options such as a portfolio matrix, SWOT analysis, or drivers and key performance indicators (KPIs).

When you identify your obstacles, answer these questions about them:

  1. What information does our team/company need to solve this problem?
  2. What needs to be done to solve this problem?
  3. And what resources do we need to solve this problem?

Tip #4: Break Down Your Objective

Group your objectives on the roadmap by core business functions. Again, almost all business goals relate to market/clients, product/services, or resources.

Next, clarify who is responsible for each step of the roadmap. A successful movement toward the objective requires constant interaction of all the departments and teams. (Think of this like a caravan of RVs using the same map, but each is responsible for different parts of the trip such as gas, snacks, GPS.)

Tip #5: Visualize Your Roadmap

When your team has gathered the necessary information, visualize and share your roadmap with all stakeholders. Make sure to choose a tool that everyone can easily access and understand.

Product Roadmap (Goals by KeepSolid)

Tip #6: Revise and Update Your Roadmap Regularly

Your roadmap will require constant updating as you make your way to your destination. This is what makes a roadmap an agile tool for reaching goals. Just as real maps can take you from Miami to L.A. using different combinations of highways, a roadmap can be used to reach your objective in many different ways, too.

Roadmaps are living tools and should be reviewed and updated regularly. For example, it is good to review your roadmap at least once a month. Update the progress and status of goals and tasks (including marking them as “complete”), and add further clarifications for new ones.

RELATED ARTICLE: HOW YOUR BUSINESS CAN REACH ITS NET ZERO TARGETS

Build a Roadmap to Reach Your Goals

To summarize:

  1. Naming an objective is easy, but it’s not enough to get you there. You need a roadmap.
  2. Describe your objective as completely as possible.
  3. Answer the who, what, where, when, and why questions to take you from where you are to where you want to go.
  4. Identify, describe, and plan for the obstacles that will prevent you from reaching your objective.
  5. Break down your roadmap into smaller steps. Assign those steps to the right teams and departments.
  6. Create a visualization of your roadmap. Share it with all stakeholders.
  7. Make a plan to review and update your roadmap regularly. A roadmap is flexible, so make adjustments if needed.

And there you have it! You are now equipped with steps to create your own roadmaps. Now, where will you go?

RELATED ARTICLE: THE POWER OF A PROFESSIONAL PRESENTATION



Source link

Filed Under: Biz Opportunities

  • 1
  • 2
  • 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

The Benefits of Buying an Apartment in a Gated Community

Featured image from damacproperties.com Especially if you own a home-based … [Read More...]

  • 4 Steps to Take When You Quit Your Job – Careers
  • How to Find the Best Auto Insurance for Your Needs – Business
  • The Key Differences Between a Virtual Mailbox and a PO Box – Business

Archives

  • 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)

Biz Opps

Featured image from … [Read More...]

Featured image by Andrea Piacquadio via … [Read More...]

Featured image by Jacob Morch via … [Read More...]

Customer Focus

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

Entrepreneurs

Uptown Cheapskate is a resale store for young … [Read More...]

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

This article was translated from our Spanish … [Read More...]

Strategy

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

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

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

Supply Chain

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

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