POST CATEGORY : Management

How Virtual Offices Can Help You Win the Cost Cutting Game

A virtual office offers benefits to businesses of all sizes, including small startups and large corporations looking to expand operations into new areas. The fact is that in the era of digital, there’s no reason to rent, furnish and maintain an expensive office location, when a virtual office offers all the advantages at a fraction of the cost.

Virtual office

A virtual office gives you a professional address to put on your business card; a place to receive mail, faxes, and even receive visitors; and a facility that’s open for you, your colleagues, and clients to conduct meetings in at your convenience.

Other advantages like virtual answering service and access to virtual assistants for pressing projects means you can, for instance, work in rural Thailand while maintaining your business’s headquarters on Bay Street in Toronto, or Silicon Valley in San Francisco.…

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Business Benefits of Making People Comfortable

One of the ways that you can make your business better for your clients is if you focus on making customers comfortable. This means thinking about different sensory input that a person might be going through, and trying to control it as much as possible to get people into a pocket of being happy in their physical location.

Comfortable meeting with a client

A few ways that you can do this include getting your outdoor heating right, controlling your indoor lighting, creating a comfortable meeting environment between yourself and potential clients, and always fighting for that competitive edge when it comes to the small details.

Getting the Outdoor Heat Right

If you’ve ever been in outdoor seating at a restaurant in the cold weather, then you know how quickly things can become uncomfortable.…

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Equipment You Need When Remodeling The Office

As a small business owner, success and growth go hand in hand. Sooner or later, you realize it’s time for your office to grow, too. You may need to create space for more employees or an expanded range of products and services, or it may just be time for a refresh so your physical environment feels welcoming and current.

Office remodeling

Whatever your remodeling goals are, you need the right equipment to turn them into reality. Here’s what you need to get the job done.

Hand Tools

You probably already own some of the things you’ll need for your office remodel. Think about construction basics like hammers and screwdrivers, extension cords, safety goggles, ladders, tarps, and brooms.…

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How Small Businesses can Monitor Employee Productivity

As a business owner, you’ve likely encountered low productivity from your staff. Low employee productivity is a business problem that affects every organization large and small.

Unproductive employee

In many cases, owners may feel they are not getting enough output from an employee for the salay paid. It can be even more challenging to identify if you have an employee productivity issues if you have no means or framework for monitoring employee productivity.

Below are a few helpful methods that you can use to monitor employee productivity.

Employee Support

Employees engage in work processes with the information they have. Today’s productivity shortages is often the result of either lack of information or information overload.…

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5 Logistics Management Tips for Small and Medium-sized Business

When done right, supply chain and logistics management can be a harmonious symphony of vendors, trucks and warehouses. All parts work together to ensure the product is delivered undamaged, on time and to the customer’s satisfaction.

Logistics

On the other hand, an incoherent, poorly planned and ineffective supply chain can potentially deal a fatal blow to the average small and medium-sized business (SMB). Products lost in transit, sent to the wrong location and unexplained charges on customer receipts can all cause angst that’s strong enough to push customers to the competition.

The following logistics management tips are an essential read for SMB owners.…

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How to Plan a Business Dinner With a Client

Every January, thousands of professionals and entrepreneurs gather in Las Vegas for the Consumer Electronics Show (CES)—one of the biggest trade expos in the technology calendar. During the daytime, some of the biggest companies and most exciting startups in the world put their new products on display. But according to one insider, “the real show begins about four hours later,” at dinner.

Business dinner

When the trade show’s doors close for the evening, entrepreneurs flood local restaurants, wining and dining potential clients with whom they want to work in the next year. With a little luck, these meals will lead to deals.…

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8 Huge Inventory Management Mistakes

Inventory management is way more than taking a tally of boxes in your warehouse every six months. In fact, an updated inventory management system can give you all sorts of insights into your business, from tracking seasonal trends to understanding why certain products aren’t selling. Yet, plenty of companies continue to perform manual counts, making all sorts of egregious mistakes that cost their business vital money and time.

Inventory manager is making inventory management mistakes

Here are some of the worst inventory-related blunders made by more businesses than you might expect.

1. Refusing to Spend Money on Inventory Tools

Among new business owners, there is a rampant misconception that all you need to manage your inventory is paper, a writing utensil, and a strong ability to count, so it seems that spending money on inventory management tools is a massive waste.…

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How to Identify Detractors using an NPS Tool

Detractors have a negative impact on your reputation by leaving negative reviews on the web. They tend to spread negative word-of-mouth making sure their bad experience is heard by as many people as they know.

Detractor writing bad review

At some point everyone of us have been a Detractor. Have you ever been loyal to a brand and then suddenly stopped purchasing from them because your experiences had become disappointing?

Detractor is defined as a person unhappy with a company, a product or service. He finds fault with everything your business does. In other words, he is a critic.

In NPS framework, Detractor is a respondent who answers from 0 to 6 on the NPS scale.These…

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Managing Risk and Reward Inside Your Business Framework

Lots of people have lots of great ideas as far as business is concerned. They think about things in terms of production and development and research and profit. But not everyone is comfortable thinking of risk and reward, and that is something that everyone should take seriously as a priority.

Risk management and analysis

If you start with risk assessment of any business decision, then moved to budgeting, a clear plan should develop on its own. From there, you can learn from professionals who are good at risks and rewards, and you can also be social and transparent with your business dealings to keep any potential roadblocks above ground.…

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How to Build a Strong Relationship With Your Clients

It is well known that the acquisition costs are lower for existing customers compared to new ones. According to one Gartner report, 80% of a company’s revenues come from 20% of its clients. A strong relationship with customers is essential to your business continuity and subsequently lower acquisition costs.

Customer relationships

Here are a few tips to help organizations strengthen their relationship with clients.

Understand the Client’s Needs

A CEI Survey suggests that 86% of buyers are willing to pay more for a better customer experience. But at the same time, just one percent of these customers feel that vendors consistently meet their expectations.…

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