3 Ways To Get More For Your Money When You Start A Business

It’s one thing to run a business and it’s another to grow your business. The difference between the two is the use of the Pareto Principle, better known as the 80-20 rule. According to this principle, 80 percent of your results will come from only 20 percent of your efforts.

Business operations

Since the aim of every business is to increase profits, a person who runs a business focuses on marketing and sales. Meanwhile, someone who grows a business will also focus on marketing and sales—but they will also apply the Pareto Principle to overheads. He or she will try to isolate the 20 percent of B2B services that increase 80 percent of the business’ performance.…

Continue reading

What Makes a Good Manager

Being a good manager is essential in order to create a positive work environment. When you are supportive of your staff by giving them the leadership that they need in order to thrive then you are not only giving them a more positive experience as employees, but you are also giving your customers a better experience.

Good manager

A strong manager is essential to the well-being of a business. Without a strong leader, there is no direction or plan for the execution of moving up as a company. In order to be a strong manager, you should make sure that you know what the qualities of some of the best managers are.…

Continue reading

How to be the Company Everyone Wants to Work For

It is important to motivate and engage employees in order to achieve success within your business. It encourages them to go the extra mile, contribute more ideas and work harder to achieve your business objectives. The ability to motivate a team is one of the greatest skills an entrepreneur can possess.

Successful leadership

When the subject of motivation comes up it is usually linked to money- pay, bonus and rewards. However, these are not the only ways to motivate employees and sometimes, thinking outside of the box can have a more positive effect. If someone dislikes their job they are still going to feel the same whether they earn £25,000 or £27,000, it won’t make much difference.…

Continue reading

The First Five Things You Should Consider When Your Business Starts to Boom

Everyone who starts a business does so with a dream in mind; however, very few actually make that dream a reality, let alone a profitable one.

However, what happens when the seemingly unthinkable happens and the money actually starting rolling in?

Startup growth

Oddly enough, raking in the dough as an entrepreneur can be both a blessing and a curse. After all, there are plenty of options on the table which can be quite daunting as a business owner.

For example, is it best to conduct business as usual and pretend like your profits aren’t even there? Should you immediately invest the money back into your business?…

Continue reading

Studies Show Businesses with More Females in Management Do Better. Here’s Why.

Not to play the gender card, statistics actually show that companies with females on their board of directors do better than those with no women. A study of Fortune 500 companies demonstrated that those with the highest number of women in management, recorded higher financial performance on the average. The study was based on three financial measures: return on equity, return on sales and return on invested capital.

Female managers

There have been a number of other studies that show a link between a balanced gender distribution in a company’s management and its profitability. These studies have been carried out in different countries, at different times, and across a variety of sectors.…

Continue reading

Managing Business Across the Globe using Netsuite Oneworld

Managing ecommerce portals located across the globe is really challenging these days. The integrated platform that offers to your business flexible intuitive solutions is Netsuite Oneworld. It is one such platforms that helps you to get cost effective solutions related to organizations dispersed across the globe.

NetSuite screenshot

So, what are the upsides of Netsuite Oneworld?

1. Flexibile

From designing the web, managing the content, taking care of the inventory, pricing of the products, everything can be very well managed by the o. The best point about the platform is its flexibility. The mobility in terms of multi-language, multi-currency, multi-product web stores and multi country facility can be good enough to manage ecommerce businesses from any corner of the globe.

Continue reading

Management Tips that Will Help your Small Business Grow

Owning any business can be challenging. However, the difficulty level increases when you’re a small business owner just starting out. In the beginning, you don’t necessarily have the finances to pay different people to do all of the work that needs to be done. This means that you’re serving as the owner, the manager, the employee, the janitor, everything else, and quite possibly even the accountant (although that’s a terrible idea).

Management

These different positions shouldn’t be filled by one person. Sometimes you might think it necessary, especially during a startup, but if you want to have success, you need to learn early on that you can’t do everything.…

Continue reading