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The Business Secrets That Could Take Your Business From Zero To Hero

Are you tired of experiencing less than amazing results in your business? You’ve come to the right place. By using the business secrets outlined here, you could take your business from zero to hero in no time.

Change Your Mindset

Your mindset might seem like the least important thing, but it’s actually the most important thing when it comes to your business. Mindset is everything, and it’s far more powerful than you think. If you have a negative mindset, your business will reflect that. Just ask any successful entrepreneur. Tony Robbins is a great person to look at.

Go Virtual

Going virtual can save you so much time and hassle. Virtual assistants can free up your time, and you’ll spend much less money than actually hiring somebody in house. Many successful businesses actually choose to hire somebody from the Philippines, as they are affordable and work super hard!

Automate Whenever You Can

Automating your business frees up your time so you can focus more on what you’re good at. Automate the processes you do in your business most often using software and apps. You’ll free up everybody’s time, and your business will begin to thrive. At first you’ll spend more money, but eventually, you’ll make it back. The software you purchase will pay for itself.

Take Your Business Offline

Taking your business offline can help you to become more successful sometimes too. Consider speaking at seminars, or writing a book to share your expertise. Don’t underestimate the power of offline marketing either! The following infographic can give you some insights from influential people in business:


credit to Red Stag

4 Business Mistakes You Don’t Realize You’re Making!

mistakesIf you are in business, then it’s likely that you want to be as successful as possible. But how can you do that if you are making errors that you don’t even realize you are doing. That are going to cause you problems and cost you money? Well, you’re not. That is why you have to be super aware of the thing that could be problematic as well as the thing that could be profitable. Keeping reading for some examples of what these things might be.

Not providing the right facilities

One major mistake that any sort of business can make is not providing the right facilities to their employees. Things such as changing rooms, lockers and safety gear.

Not only will this create a resentment between the workers and the owners. But it can also get you into serious trouble with the law. That is because it’s essential that you provide things for your workers’ health and safety.

In an office environment, this might be things like wrist supports for when they are typing, or back rests to help reduce strain on their joints. In an industrial environment, it may be things like providing the right signage, warning of dangerous, or giving them protective clothing to wear. Such as ear plugs.

Not disposing of waste properly

Another mistake that you will want to avoid with you business is not disposing of waste properly. Waste might not seem like a big deal to you, but there are few businesses out there that produce no waste at all. So you will need a plan in place of how to get rid of it.

In fact, some businesses produce a great deal of waste both in terms of items like boxes and paper, as well as dirty water waste that needs to be disposed of in a controlled way.

That means you need to be on top if the legislation about recycling and waste disposal. As well as offering things like separating bins, and installing tools like an Abest electronic water meter. To ensure that your waste disposal is running safely and effectively.

Not paying your employees enough

Now, as a shrewd business person, you may think that keeping wage low is the best way to maximize your profits. But this can be a real mistake, as it is only a false economy. What you save on wages you will probably spend on hiring anyway. As if you are not paying enough you will likely constantly have to re-recruit and train workers to meet your needs.

That is why it makes a lot more sane to pay a reasonable wage in the first place. As you have a better chance of keeping them in the long term.

Not investing in you marketing budget

Lastly, another mistake that you will want to avoid that can seriously affect your profit margins is forgetting to invest in a decent marketing budget.

Marketing, especially the online variety is vital for the success of any business in the current market, and you ignore this valuable way of generating revenue at your peril.

So ensure that all of your budget projection account for a decent marketing budget. That will allow your products to be placed in front of the people that are potential customers.

 

Best Businesses: Five Qualities That Will Help You Succeed

Tomes and tomes of business books have been written about ways that you can succeed in business, but the truth is actually a lot more simple than people would have you believe. Here are five qualities that any entrepreneur worth their salt needs in order to be successful.

A Knowledge Of Your Industry

First of all, you need to know your industry inside out. Expertise is something that will make you stand head and shoulders above other people in a similar position to you. A lack of expertise is also why a lot of businesses end up folding quickly.best business

There isn’t any point in opening a restaurant if you’ve never worked in food service, no matter how long you’ve been dreaming of it. Instead, stick to something that you know well and that you understand.

An Understanding Of Other People

Secondly, you need to be able to understand the way that other people operate. Trust is a great quality to have, but let’s face it: the business world can be cut-throat so you need to make sure that you focus on yourself and what you can get out of any situation.

It’s important to make sure that your employees are loyal to you and to your company: you can ensure this happens by treating them well, by listening to any concerns they might have, and by generally being the boss that you wish you had twenty years ago. It’s good to keep your cards close to your chest, but treating people well is always something you should prioritize.

The Ability To Delegate

A lot of people end up burning out if they don’t understand how important it is to delegate tasks to other people. Of course, your business is your baby and your priority and maintaining it feels like the most important thing in the world, but you also need to be aware of your own strengths and weaknesses, and anything that you don’t excel  at?

It’s a good idea to pass it along to someone else who does. IT services are something that generally take up a lot of time if you don’t know a lot about it so you could always delegate that to a company like Brennan IT. Likewise, if you’re more sales-minded, make sure that you get in communications professionals for any content that needs to be produced, and accountants to make sure your books are all correct.

Learning To Network

Networking is key to succeeding as an entrepreneur. It’s how you make connections, it’s how you make sales, it’s how you hook in clients. When you’re starting off in an industry, networking might feel strange and false but remember that no one is there to make lifelong friends – you all know that you’re there to make connections and advance in the business world. Keep your business cards in your wallet and a smile on your face.

Buckets Of Professional Charm

Finally, you need to make sure that you’re friendly at all times. Being approachable is important, and if you’re a pleasure to work with them people will come back to you time and time again.

Navigating The Business Maze!!

entrepreneurOver 600,000 new businesses started up in 2016, an increase of 4.6% from 2015. Since the rise of the internet, companies pop up out of nowhere on a regular basis. For customers, this is great news as it provides more choice and lowers prices. For you, it’s bad news. More competition means more work because you have to stand out from the crowd. If you don’t, you’ll end up like the other 80% of firms that go out of business in the first year.

Navigating your way through the maze is essential for survival. The good news is that you don’t have to be Bear Grylls to get the job done.

Specify Search Terms

Okay, so you know what SEO stands for, right? Good because you won’t get very far if you don’t. The problem with search engine optimization is the variety of techniques. There is so many to choose from that it can seem impossible to pick the right ones.

What a business like yours needs to realize is that it’s a lot simpler than it sounds. The secret is to think like a customer. Once you get into the client’s head, it isn’t hard to predict how they will act. Then, all that’s left is to use the specific terms throughout your SEO plan. Specificity breeds uniqueness and originality, both of which are vital to creating a buzz.

Make Everything Shareable

Search engine optimization is an excellent way to stay one step ahead of the competition. It isn’t the only way, though. One method that will always stand the test of time is shareable content. With your digital presence being so important, it’s impossible to forget the impact of social media.

Every platform you can think of is beneficial, too. Why? It’s because Twitter, YouTube, Instagram, etc. all let the user share what they please. A simple click of a button is often enough for a business to go viral. You know, as long as you have something different and worth sharing. People don’t have conversations any longer – they tag and tweet.

Don’t Forget Offline

Sure, most of the searching happens online in 2017. Still, some people search offline, and they are worth considering. In fact, millions of people use offline searches on a daily basis. Think about Silicon Valley or any major CBD. These areas are full of physical offices which promote the brand.

If there is wayfinding signage to point them in the right direction, they might even drop by for a visit. The location makes a difference as the right one carries a positive stigma.

Promote Contact Details

Almost every business on the planet has a website. You might have the greatest site possible, and it still might not make a difference. There are plenty of reasons why, but there is one simple one. Companies put so much emphasis on neat

Companies put so much emphasis on neat parlor tricks that they forget the basics. For example, the site might have lots of video content and great navigation tools. However, it’s all arbitrary if there aren’t any contact details so that they can get in touch. A tip: make the contact page easy to find.

 

 

There’s No Hype without a Prototype

prototypeWant to get fans and investors hyped about your new product idea? Want to make sure it’s something that could actually work beyond the theory in your head? Want to engage in a creative process that will see you develop your idea into something even better? Then you need to make a prototype. Here’s a quick guide to just that.

The importance of being first

It seems pretty important that your idea is original, right? Not only is this going to help when it comes to selling it to investors and, of course, the public, but it will also save you time and money during this process.

Remember that prototyping is time-consuming and often expensive. (We’ll look at that a little more later!) So if you end up developing a prototype for an idea that’s already taken, then you’re going to have wasted a lot of resources for something that isn’t of much use. You need to take care to ensure that your idea hasn’t been patented by somebody else already. Thankfully, this is a relatively simple process.

Patenting problems

Speaking of patents, you’re going to have to patent your own idea, assuming it’s original and feasible. But when exactly should you do it?

Filing a patent is expensive so many would argue that you should probably hold off until you’re deeper into the prototyping process – especially because designs and functions end up changing so much during the process. The specifications of the patent need to match the end product, otherwise, it won’t be properly protected. This is, however, the risk that someone else comes up with the idea and patents it first! Be careful about your approach, here.

Software and hardware

Software is an invaluable part of modern prototyping. 3D modelling and computer-aided design (CAD, in industry parlance) allow you to visualize and even, in many ways, test the product. For those who haven’t got the resources to start building things, this can be a great way of getting investors interested.

Actually making a physical prototype is the more expensive and complex task. Not that you necessarily need to have all the hardware yourself, understand. There are plenty of businesses out there that will help you with the physical production processes people developing prototypes often need, such as PU moulding.

Time and money

Working on a prototype takes a lot of time. After all, it’s a new business venture. For those of you who don’t already own a business but are looking to build one on the success of this prototype, it may be worth dedicating all the free time you have to perfecting this prototype. Taking some time off work may also be prudent – quitting altogether, however, may not be so smart.

Prototyping also costs money, so you’re going to need a source of income! If the funds required exceeds what your job can provide you, then you should consider asking others for financial assistance. You may even want to look into crowdfunding, though be careful that the manner in which you run a crowdfunding campaign doesn’t end up turning potential investors off of the finished product!

Understanding the Transit Industry

Nearly every business requires some sort of transit at one time or another. For instance, a modest neighborhood bakery or convenience store will require that their ingredients or products be delivered to them. Similarly, an e-commerce company will have to rely heavily upon transit to deliver their customer’s purchases to them.transport

If you are a small start-up, the cheaper option would likely be outsourcing this aspect of your business to dedicated delivery companies. Industry giants like Amazon do this too but this is partly because they are an international company and setting up their own fleets of drivers and vehicles in all the countries in which they operate would represent a massive investment, one that they have obviously calculated is not worth it at this time.

However, they are experimenting with new drone technology. In fact, they have boasted that they have successfully completed their first delivery by drone in Cambridge, England. At this stage, it is only open to customers near an Amazon depot with large gardens who are ordering reasonably light objects (less than 2.6kg). However, as the technology and its praxis improves, the nature of transit will change.

Urbanization and Technology

If you are curious about transit and how to best utilize it in your business, there are lots of things to consider. The industry itself is being forced to change by evolving circumstances such as the still increasing trend towards urbanization. Being able to offer a reliable and efficient service in cities is becoming more important.

The rise of the internet is also changing the way people shop and with more options (including both e-commerce sites as well as traditional retail stores), customers will become more discerning and better able to find the best possible deal for them. This could place more stress on transit companies as demand for online purchases becomes more pressing. The confluence of these changes makes it an exciting time to get involved in the industry.

Technology is also improving the industry. The possibility of tracking your goods in transit is becoming easier and more commercially available all the time. It is beneficial to the customer because they can anticipate the arrival of their goods with more peace of mind. However, GPS tracking systems are beneficial to the transit companies too.

They can help reduce costs, from vehicle insurance (locating it in the event of an accident becomes much easier) to reducing running costs (because it is easier to track excess consumption of fuel and erroneous claims of overtime). In the modern market, it is an investment worth making.

Delivering small items like the latest computer games, or even larger things like chairs or beds, may be quite simple but when it comes to the issue of Abnormal Loads, the transit industry has that covered too. If you want to move something like a tree from outside your building, or a vehicle such as a plane or a boat, special loaders and machinery are available to help. Your only worry should be whether the road is strong enough to hold what you want to move.

While the transit industry may seem like one of those things on which you rely but never really give much thought to, you should take a closer look. It may be a good opportunity to find your next big investment.

 

How to Manage Both Business And Investment

investment-questionsBusiness and property go hand in hand. Your business buys a property to sell products from and conduct business. Your business might use its money to invest in property. In most occasions, your business is going to be tied directly to a property.

When a business invests, it is trying to make the most out of its money. The benefits of investing are high – but any investment is a risk. Real estate investment represents the lowest risk despite market values and their highs and lows, investment in real estate is an investment in real, physical asset. The site can be used by the business, sold to developers or rented out to tenants. With the amount of money in businesses, a business can develop a real estate portfolio rather quickly.

However, businesses can fall into traps that a normal buyer or investor might not. Businesses could get overcharged, for example. Well, how do you know if you are? Well, you’ve got the information available to you! Simply access the history of sales in the area (and the pricing of the previous sale of the same site) to find what you should be paying.

If the property is at the same price as it was, or is selling for a similar price to properties in the area it is very likely that the property is at a fair price. If it isn’t, it is up to you to negotiate. Even if the price is fair, you should still be negotiating in business anyway to get the best price for your investment. You should aim for a low price especially because a business is going to be charged a high interest rate on a mortgage. Commercial mortgages are worth comparing for this reason.

But remember, there are still other things to think about when tackling property investment – namely the money you are going to sink into a property. When you purchase a property, it is highly unlikely that you will find a tenant overnight if you are looking for someone to rent the property from you.

The time spent looking for a tenant isn’t cost free though – the bank won’t delay in charging you – so you might spend up to six months looking for a tenant, meaning you will pay six months of fees without rent offsetting that cost. Many investors forget about this and find themselves short of cash in an instant – so make sure you have the funds to cover the long term in your investment.

If you’re a business and you don’t do your research, you could be set to get a bit more than you bargained for with investments – and it won’t be good. You’ll be saddled with additional costs that you did not account for and these will only grow. Things like tax, interest and regulation fees will be slapped on top regardless of whether the site is rented or not.