Enjoy the benefits of contented, long-term employees. Avoid the sting of failed hires and early departures. What are the common factors that make great places to work?
This panel will identify the key factors that retain happy employees and build great places to work. The panelists will give you a better understanding of how to attract and retain fresh talent in the “gig economy”.
The COVID-19 brought many changes to different companies and businesses. There has been a shift to the business landscape. What is the future for businesses in the coming years?
The data below is the various business changes to look out for in 2021 and the following years.
According to CB Insights, the top 5 reasons why startups failed in 2019 are no market need, no more cash, not the right people, outcompeted, and cost issues.
If you are an entrepreneur and you don’t want your business to fall into the trap, best to keep up with entrepreneur trends today.
Here are some entrepreneurship trends:
Business from Home
Many people have chosen to manage jobs from home and keep certain freelance jobs. This is the gateway for entrepreneurship. Many people who start as freelancers end up creating their own consultancy business.
Digital nomadism has come to rise a few years back. It is a type of remote working where the worker lives as a nomad. Nomads can practically work anywhere.
After COVID-19 hit, digital nomadism took a new meaning. Every people were forced to stay at home. Many startup businesses were also forced to revert to where they started. While settled businesspeople will likely utilize more separated workers to man digital touchpoints, online shopping and selling have become prevalent.
Globalized Business Powered by Remote Work
Globalism has been a trend for a couple of years. It is the practice of working with international teams to build, support and expand their business. Some other people believe that globalism is just an option for companies after years of starting.
The globalism trend is a particular sector in media and professional services. It fits the knowledge economy. In the coming years, globalism will essentially continue to be the norm in top-performing business.
Due to the pandemic hit, many consumers are glued to their phones. Entrepreneurs take this action to their advantage. Just like digital nomadism and globalism, the internet paved the way for better mobile trade. Now, businesspeople can lead to being more competent even in the comfort of their homes.
Social commerce is the use of social media as a medium to give and receive feedback. It creates an in-person digital marketplace. Social networks will provide their users with new tools for social selling, just like what is happening now.
The Continuous Rise of Subscription Based-Business
The rise of subscription-based models for established business and newer ones will likely be worth 11.1 billion dollars by 2027. Today, subscription-based models have become the trend as it is picking up more steam. Music, movie, planned meals, and local gyms have a subscription-based scheme.
Let’s take the example of Amazon. The company is performing well because of the Prime subscription service. Many brands have changed to subscription-based services. This allows them to get a steady source of revenue.
Many entrepreneurs will run a business from home or less similar conditions that made a chance for globalized business in years to come. Furthermore, the industry and societal trends that emerged from the same conditions are pretty related and posed to help enterprises cope with the pandemic.
People who want to maintain their finances usually cut their expenses. But cutting your costs can only go so far. Indeed, the more you retrench, the more quality of life suffers. In some cases, saving some of your finances for luxuries is not a realistic option, for there isn’t enough money to go around.
A great way to boost your budget a little bit if you already got a full-time job is to find additional source of income. And if you are into this area, you must take heart that every opportunity to make extra money abounds for people at all levels of skill and experience. And since people vary from sensibilities and skills, there are many different ways to earn some extra cash.
YOU CAN SELL OLD TEXTBOOKS
Higher education essential, but yes, it is a bit costly. Textbooks can be of cost as well, and from time to time, you will be left with a bunch of books that you will no longer need. With that, be informed that you can make money out of those textbooks. By merely selling them online, as long as it is in good condition, you are assured of a paycheck.
YOU CAN SELL OLD CARS
Having an old car and not used for a very long time? Or having a headache of maintaining it? You can get rid of these scenarios at the same time having an extra income. Consider selling your old car to the likes of BestCash4Cars.
YOU CAN FIND A GIG OF MOVIE EXTRA
If you have extra time on weekends, and you’ve dreamed of being a different character in a movie, you can try to search for a gig as a movie extra. This is a little bit demanding, but it is all decent job. You can make money out of this.
YOU CAN START BLOGGING
If you are useful in giving advice and can provide a bit of entertainment to an online audience, now is your time to create a blog. By supplementing your job with a less-time consuming extra will allow you to save money. Plus, you won’t burn yourself out doing this kind of thing.
YOU CAN WRITE AND PUBLISH CHEAP NOVELS
If you have a bit of talent in writing, and you love to expand your imagination, there’s an online site for you to make money. You need to create and publish books and voila! Though this kind of thing requires creativity and time, it can be a long-term project that you can complete according to your availability.
YOU CAN START ONLINE TUTORING
Websites like Tutor.com is providing resources for entering into the world of online tutoring. Suppose you are right in specific academic genres like science and math. In that case, you can make use of that intelligence as your passive source of extra income. You can also develop an online musical instrument tutorial if you have a gift in music.
YOU CAN BE A VIRTUAL ASSISTANT
One of the simplest ideas to earn extra cash is to help other people complete tasks by becoming a virtual assistant. If you are right in time management and organizing, you can quickly get this position.
YOU CAN RENT OUT YOUR PLACE
If you have either one or two available rooms in your house, you can make extra cash by making them available for people looking for a place to stay with. With Airbnb or VRBO, you can make use of these spaces as your income maker.
“Where is there a gap in the market and how can I fill that gap?” is the common question that a person asks themselves when they want to start a business. Although this is foolproof way to start with a venture, there are also other ways from which you can start building your business.
Find out what is it that you already have and what can you do with it. This idea is a lot more complex than it appears to be. Working with what you have is an excellent starting point for any business especially if you have little to no capital.
1. Personal creation
This business benefits artists and other creators and allows them to utilize their talents while profiting off of them. More and more people are growing some appreciation for personal artworks which is why this field is quite fitting in this age. You will find multiple platforms in which you can sell your creation like eBay, Etsy and Amazon.
2. Repair or Skill-based services
All that you need to invest here are your abilities and time. Your skills and know-how in certain things like home repairs or appliances might just be what you need to kick start a business. Funding will be minimal since the only materials you need to invest in are tools you may need which will vary.
3. Content provider
Thanks to social media platforms serving as a place where brands can present their line, freelancers have definitely gained more opportunities to make their skills the main revenue driver of their businesses. From writers to graphic designers, creative professionals will have no problem finding a role where they fit in in this digital age.
Businesses, both small and established, are willing to pay a consultant in order to get a complex and advance knowledge on their field. This is another career opportunity that only needs time as an investment.
Reselling is one of the fastest way to earn money, and it can also turn into a successful business venture if done right. Tons of platforms are available for selling secondhand items, there’s no you’ll find exposure for your business in no time.
6. Online courses/Tutoring
Because all nations went through a tough time during this pandemic, parents and grown students turn to the internet to find a way to keep up with learning courses. The ability to relay your sufficient knowledge in any subject or a specific language virtually is the only capital you’ll need to start this career.
7. Music Lessons
Music is a universal language, and those who are fortunate to have exceptional musical skills can utilize just that to gain income. If you are a musician, then you definitely already have the instruments to share your talents with aspiring beginners who are willing to learn.
8. YouTube Channel/Blog
The number of YouTube channel owners has tremendously increased in the last 5 years. The only investment for this kind of job is the ability to create videos that are interesting enough for your chosen audience because income, for this particular work, mostly comes from view count.
9. Video Producer
Who doesn’t love to have a tangible copy of their cherished moments where they can relive the memory any time they want? Videographers, and even photographers, are very much in demand due to different brands or influencers who want to up the quality of their content, and even just people who want to capture a specific moment in their lives.
10. Meal planner
If you are someone who has an extensive knowledge about planning healthy meals then you can cater to those who want to make their diet a little cleaner. A meal planner’s job includes listing down ingredients, creating an easy step-by-step cooking process and providing useful information to educate clients when it comes to nutrition.
Employees are the backbone of your business.
Improving employee engagement ensure the performance of your employees. They are as significant as customers. Engaging with your people enhances their enthusiasm to come to the office and start their work.
The consistent increase of workplace improvements and efficient workers make the business grow. As an employer, you would need to find ways to lead your people. The involvement you make with your team keeps the energy and productivity in your workplace going.
Here are the methods on how to effectively engage with your employees:
Giving flexibility to your employees increase employee engagement. Flexibility allows employees to have freedom with their work schedules. It gives them more time to meet other responsibilities. When employees have flexible hours, they tend to be more productive and eager to go to work.
Ask for feedback
Feedbacks are necessary for improvement. Most of the time, employers are the one giving feedback about work and office environment. To get a better result, try asking your employees’ input about a particular project. That makes them feel that their opinion matters which gets them more involved.
Every employee has different roles to focus and work on. Clarifying responsibilities and goals make a clearer vision for the organization and avoid role-confusion. An excellent leader helps his employees set goals and assist them when problems take place.
Promote taking a break
Rest is essential for the body and mind – even if it is just a 15-minute break from their desk to stretch and have some coffee. Breaks help your employees to refocus and gain more strength for another load of work.
Check them often
Another key to having employee engagement is to check them regularly. Know them more, understand their situations and know if they need help. There are times when employees need help, and they feel mentally or physically exhausted. A good support system within the work aids employees who feel drained.
Provide a good environment
Most of the work requires full attention. Starting the day thinking about going to work can be tiresome. A friendly environment can provide eagerness for the employees to look forward when going to work. Provide your employees with a lace where they can work comfortably to boost productivity.
Build the team
Collaboration is one of the essential aspects when it comes to business. Build your team and encourage them to be involved because they matter. Collaborating on a project or work develop different ideas that can help create better solutions. Collaboration increases efficiency and productivity and makes a happier workplace.
It is essential to appreciate your employees with all their hard work and efforts. A simple ‘Thank you’ can make your employee happy. You do it not just because it is a good thing, but you do it because you know they work hard.
The best way to lead your people is to engage with them. A great leader would develop his employees to be a better professional. Appreciation, collaboration, and understanding make the dream work.
Moving to another location is both exciting and exhausting. Exciting because you will be stepping to another chapter of your life and opening the door to a new adventure. But it also means planning, packing, loading, and unloading a lot of stuff. It is tempting to do them yourself or seek the help of family and friends, but the whole process will take a lot of your time and energy. The best option is to employ the services of professional and trained movers like Wolton Removals in Bedford UK. Whether it is a house removal or business removal, a trusted and experienced removal company will significantly minimise your stress level, physical labour, and risks of damaging valuable possessions.
As a general rule of thumb, a removal company with at least 10-year experience and with a good standing reputation is an excellent choice. Check out the rest.
How to find an ideal house removal contractor
Make a list of top home removal companies
There are many options to choose from, but a list of 3-5 companies is a good start. Check out trusted and reliable service contractors in your locality, then in the neighboring areas. Hiring the services of a reliable local removal firm is more practical and convenient. However, if you do not have a limit in your budget and prefer to hire a popular removal company, find out if they have local offices for faster transactions.
Do your own research
Ask referrals from family, peers, and friends who recently used their services. Personal recommendations will give you first-hand information on the quality of work, customer support, and standard rates. Check their websites to review the licensing credentials, accreditation to house removal associations, services offered, payment policy, and extra services that you may need. Give attention to the clients’ feedback on the website to see what they have to say about their experiences. It is also useful to check the trusted reviews of comparison sites and the recommendations of independent companies that connect consumers with excellent service providers.
Check the services offered
Every company specialises in certain services which may include storage solution, packing service, packing removal kits, house clearances, and more. It is best to consider a company that can provide full, professional services which also include storage solutions for items that you do not want to take in the new location.
List your requirements and get quotes
It is a crucial step before your final decision. Get an estimate of the removal cost you will be paying for your removal needs. Compare their fees and find the one that fits your budget, needs, and preferences. Just remember that the most expensive is not always the best one. Be wise and study your options.
Get a pre-move assessment
The pre-move survey is a vital step to know the accurate cost you need to pay for the services rendered and how long it will take the company to move all your stuff. It helps them determine the number of staff needed to complete the job and tailor suit the services according to your needs.
Selecting your business removal partner
Choose from recommended companies
Ask recommendations from other business owners. This is the initial step that must be done as soon as the decision to relocate the office is made. Personal experience will always be a good reason to consider if the service contractor is the right one for your needs, so ask your peers and other entrepreneurs who already hired the companies on your list. The more you hear the name of a certain moving company with positive remarks, the more it is likely to be the ideal one for you.
Have a list of top companies
Three options are always the magic number, letting you make a quick comparison of the services they offer. When picking up your best choices, consider the comprehensive and special services that they offer to make sure that you will not be worrying about the packing, dismantling/re-assembling, storage, insurance coverage, and more. Studying and analyzing their professional reputation, qualifications, and accreditations are extremely important to avoid mistakes. It helps too if the companies are members of industry organizations.
Read online reviews
The internet gives you instant access to their websites and finds out the reviews that their customers left. Read all the positive and negative reviews to weigh the pros and cons. Even if you can only find positive feedbacks on their services, it does not mean that they are the best. It helps to check the comparison reviews conducted by independent survey firms.
Set up an interview
Once you are sure of the list, call each of them, and ask questions to validate your research. It is best to talk with the manager or the owner of the company because they can shed more enlightenment about the things you want to know. Since it is a business to a business affair, getting them on the line is easier.
Recommended questions to ask may include the following:
- What are the specific services you can offer?
- Can you customise the moving plan according to our budget, deadline, and preferences?
- How will you ensure that everything will be properly and safely executed?
- What if there is a delay or unforeseen challenge along the way or during the relocation process, what are your alternative plans?
Compare their quotations and consider your budget. Pick the one that offers excellent services at a reasonable cost. It is not worth compromising the safety of your logistics just because the moving company offers very cheap pricing.
Wrapping it up
Before affixing your signature, read the contract well and clarify policies or conditions that you do not clearly understand. It helps to know their specific complaints policy in case something happens.
Finally, look into is the insurance coverage that the company offers to guarantee that all your belongings are secure and safe. A good removal company offers comprehensive levels of insurance that will give you better peace of mind, knowing that your valuable possession and precious investment are protected in the event of accidents or damage. While companies will give a 100% assurance to keep your personal belongings or office logistics well protected, it is best to stay on the safe side.
Anyone in the business field understands that there are times of unavoidable slowdowns: times when consumers disappear, when sales are declining, and the overall activity drops off to market. Whether it is an effect of economic slowdowns or seasonal slowdown, your business capability to survive depends on how you react.
Don’t stress yourself out; this season is not a time for panicking and turning back, but rather take this opportunity to evaluate your business entirely. As much as possible, you investigate the things that are working and not in your overall business. Take a chance to sit down and think of new ideas and strategies to formulate new goals and objectives.
Consider these things that can help you, then the business is slow and tries to apply these factors in formulating objectives toward a positive outlook.
Revive your business processes and models. No business and companies are perfect and always right. There will be times of slowdowns, and it is pretty standard. But this season is a good position for you to rethink and to reflect. To refine and redesign your opportunities at hand. It is essential to consider the time of pondering to make your mindset going and not stressing.
Develop strategic planning. This includes analyzing your data and gathering new leads. If things don’t generally work according to your standard and expectation, it is time for you to check your business data and look for new strategies in terms of marketing and planning. You can ask this question, is your strategy still on target? Is your business being still on market hype?
Market your business. Most people don’t easily find hooks to jump in, so, in the business arena, it is imperative to work on your brand and public recognition. Make your brand known and develop ideas on how to promote it to reduce stagnant sales. Understand more about the marketing plans in your vicinity and, from there, learn to adapt.
Ask for help. This slowdown season is challenging for every business owner because you have to be true that there are existing and not addressed problems beyond periodic aberration. In connection to this, you must engage yourself with other entrepreneur ideas and learn from them. If you have a business group you can connect with, you can hear from their testimonies and business strategies.
Do competitive research. Allot some time to understand your most significant and dedicated competitors better. Evaluate if they are also having any business difficulty? If none, think of what they might be doing differently to achieve great heights? Check out their strengths and weaknesses and, from their standpoint, develop objectives.
Brainstorm new products and services. When in a slowdown period, make sure to utilize your sales and ask your production team to brainstorm new ideas and products. Think if you can still improve your current products or better set a goal of developing a new one. By brainstorming, you will all learn and see how to sell them and interact with your customers. This can help your sales grow.
Online selling, also acknowledged as e-commerce has genuinely caught its peak. Research showed that e-commerce sales in 2011 exceeded $202 billion and projected to grow year after year. And you may be considering of becoming a new one in this online business.
Learning and figuring out how to start can be a confusing and jumbled mess. Fortunately, this article is made to help you cut through the noise and become a successful online seller by giving you a complete checklist in opening and running an online store.
If your heart is set on understanding how to begin marketing online with your e-commerce store but aren’t sure what to do and how to start, here’s a step by step guide for you.
Decide what products to sell.
Before taking any steps, it is needed to decide and know what types of goods you’ll sell online. You’ll find success a lot easier if you have a prominent product, or, better yet, versatile great products. But whatever outcome you get, it must be a product you are passionate and comfortable about. If you don’t have on hand products, take a look at different shops that provide multiple products and sell them on your site.
Find out the best e-commerce solution for you.
Depending on your level of expertise and considering your allotted budget, the next step would be selecting the ideal e-commerce solution for your store. It is classified as:
- Hosted- Hosted solution connects your website on their servers, as well as providing web-based software to build and give power to your online store. This is best for beginners.
- Licensed: Licensed solutions are out of the box program that you can install to a computer. In here, you are required to find your hosting and security protections.
- Open Source: These solutions are typically free downloads requiring building your website from scratch. You are expected to do some heavy programming if you consider this one.
Start building your store.
Now, it’s perfect time to building your store. Based on your selected solution, you are to begin setting up the essential pages, including your category and product pages, content pages and homepage. Most importantly, consider branding and designing your products.
Get a Domain Name
The domain name is the web address(URL) where customers can easily find your store. Picking a domain name that is simple, short and best to describe your business is a great idea.
While we are all in the business of making money, the next and one of the most important before launching an online store, you need to decide how you will receive payments. Some people are using PayPal and Google Checkout, but you can choose the best option that is convenient for you.
Market your Business
Make sure that your business is all prepared for the world to see. Drive customers to your store through marketing, in SEO, social media, emails and many more areas of online marketing. Look for ways to be able for your store to be found.
Problem is not part of the vocabulary of business consultants. What they do instead is discuss opportunities that will enhance value. If you ask consultants about their job, chances are they will tell you that they are people who create solutions.
Amidst all the criticisms that consultants get, there is no denying that they really help add value to your business in more ways than one. However, it is important to know why and when you should use their expertise.
There are many business concerns where consultants can offer great solutions and every type of consultant can bring a plethora of ideas to the table.
Do all businesses need consultants, then? There are many forms of consultants and each form works best for specific businesses and business needs.
If your objective is to boost the efficiency and quality of the production processes of your company, an operations consultant will help you develop and implement new ways to do exactly just that. There are consultants specializing in reengineering business processes. They can map out current processes, scrutinize opportunities to reduce the number of steps in the process while retaining quality then re-engineer the processes in such a way that cuts down costs and steps. There are also consultants whose expertise lies in quality control systems that will let make change to lessen defects.
Strategy and Management
Qualified consultants must have deep understanding of a specific market and implement best industry practices to your business. If you wish to geographically expand your current markets, extend product portfolio, buy out smaller competitors, reorganize the middle market company to improve cost-effectiveness and efficiency, or improve your capabilities as a whole, then, it makes perfect sense to hire an experienced strategy or management consultant.
It is one of the fast-growing consulting areas with the demands of the brand new technology affecting middle market businesses on a daily basis. It doesn’t matter if you want to integrate old systems or develop a new one and make them work together, IT consultants can help. IT consultants will improve your capabilities and make you IT team more flexible to meet the dynamic needs of external and internal customers.
Marketing consultants can help you if you need to put one of your brands in a new position in the market, you need to develop a new logo for your business, or create a new social media strategy for interacting with customers. These consultants can provide you the much needed creativity once your own team has run out of ideas to let you see what competitors are doing to get the attention of more customers.
HR consultants can help you recruit top talents, retain top performers, and boost your employees’ overall satisfaction. They can develop compensation strategies that are in line with the goals of your business. They can train and develop your people in business leadership and communication areas. They can also help you in improving the performance-related evaluation and feedback to your team so that your employees can work smarter and better.
Business consultants can obviously help you in ways you can never imagine, making them the best people to hire if growth and success is what you want.
Choosing a function venue isn’t a simple walk in the park. There will be a few mistakes here and lots of decisions will be involved. While mistakes are natural parts of your life, it is always best to learn from them.
Here are some of the biggest mistakes people often commit when looking for a function venue and how to avoid them.
Neglecting the Event Requirements
Before you go hunting for a venue, make sure you list all the things needed for a successful event. This list may include the type of food, number of guests, activities, and entertainment. Writing all of these down can help you with better organization down the road. Even the simplest detail like the grand piano, band, or sound systems should be checked.
Failure to Visit the Function Venue
All function venues will go to extreme lengths just to ensure that their place and services will look picture-perfect in glossy magazines or websites. These pictures will give you a good idea of the kind of quality you can expect but remember that it won’t give you a complete picture. See to it that you schedule a personal visit to the venues included in your short list prior to signing on the dotted line.
Booking a Very Small or Big Venue
While organizing an event, you have to know the number of guests you will entertain before signing the contract with a certain venue. The last thing you want is for your guests to feel cramped and uncomfortable. On the other hand, you also wouldn’t want to go for a very big venue where your guests are too spaced out to the point that your dinner servers will find it hard to reach everyone.
Never Forget to Acquire Written Estimates
Before you begin signing on dotted lines, see to it that you’re provided with a written estimate on everything you’ll be paying for. You do not like to agree to book venue and be surprised that they do not supply chairs and tables. Ensure that there aren’t any additional fees hidden in fine print.
Do Not Neglect Parking
You like your guests to arrive at events in good spirits. You should be careful to not frustrate your guests before stepping into the venue. Nothing puts everyone in bad mood quicker than when they have a tough time finding a parking space. Ensure that the venue has enough parking or has a parking space nearby that guests can access.
Do Not Skimp on Catering
The food’s quality can break or make an event. If your selected venue can supply food service, make sure to sample their foods before they make the final decision. Through sampling foods, you can discover that you have to outsource catering service to an outside business to get your desired quality.
Never Forget to Include the Detailed Directions
As with frustrations on finding parking space, if the guests have trouble searching for event venue, they’re not going to be in the best possible frame of mind once they do arrive. Make sure that all your guests have proper directions to find the event venue. You may send directions and map through the email, mail out or both to cover the bases. It is also important to add options for public transport for further convenience to non-driving patrons.
If you are interested into the world of shares and stocks, first, you should know more about the stock market. The stock market, by definition, is a place where people can sell, buy, or trade stocks, or also known as shares, of different publicly held companies. The stock market or stock exchange is also called as equity market.
Being an integral part of the world’s economy, the stock exchange gives interested companies and investors the possibility and chance to transact capital to gain a definitive legitimate ownership level. Despite being called as such, the stock exchange offers more than mere equity trading. This also involves many other financial derivatives and securities based on numerous commodities, bonds, and currencies.
Stock prices are based on the earnings of a company. The stock price of a business that does well goes up while a poorly performing company will have a lower stock price. The stock exchange also relies on the general condition of the global economy.
Different Types of Stocks
There are basically two categories of stocks, namely preferred and common.
- Preferred stock – It is a share of ownership in public companies offering owners with higher claim on the assets and earnings of the business than common stock. This is where the name of the stock is derived since it is preferred over the company’s common shares to receive assets and dividends in case of liquidation.
- Common stock – This is a security that acts as ownership in the company. This gives a person the right of owning a part of the business without taking possessions. Common stockholders are often considered to be on the lowest part of the priority list as far as receiving any of assets of the company is concerned during unforeseen situations.
Another key difference of these two is the fact that common stocks, unlike preferred stocks, give the shareholder voting rights or the right to participate in different corporate actions.
It is important to note that in stock exchange, a share’s cost for both preferred and common stock can vary according to the overall performance and earnings of the company.
Why Invest in Stock Exchange
For starters, the stock exchange gives companies a chance to generate the much needed capital they can use as business funds. Issuing shares on stock exchange as an alternative to borrowing money can help prevent companies from incurring debts and paying their interest rates.
A strong stock exchange performance can also allow a company to acquire other companies with shares and stocks instead of doing this with money. In addition, there are company owners who may also seek the prestige and statues associated with publicly traded businesses.
Another reason to invest in stock exchange is the chance for investors to gain a share in the profits of the company. Considering how the stock exchange works, investors can win in either of the two ways – they can receive the stock’s regular dividends or resell the share they purchased earlier once the price surges.