POST CATEGORY : Management

Business Continuity – Better Planning Brings Better Outcomes

As more companies adopt emerging technologies such as BMS, AI, and ML to enhance growth and customer satisfaction, they must adjust their business continuity plans accordingly.

Business continuity planning

While most continuity plans provide asset protection against severe weather and natural disasters, many need to address business disruptions where a product or service becomes more popular than the traditional option. Common examples include the wheel, light bulb, smartphone, and most recently, the hybrid workspace that must serve the in-person and remote workforces.

During these business disruptions, facility managers can quickly find their teams dealing with the following:

  • Employee accessibility issues to customer data and company assets.
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The Gig Economy and Taxes: Navigating the New Landscape

The gig economy has emerged as a significant component of the global labor market, characterized by its flexibility, independence, and diversity of opportunities. However, with these benefits come the complexities of navigating tax obligations, a challenge that has prompted calls for policy reform and greater clarity for gig workers.

Gig workers discussing taxes

The Growth and Challenges of the Gig Economy

The gig economy’s expansion is a reflection of the broader transformation in how work is conducted, emphasizing flexibility and autonomy over the traditional employment model. This shift was particularly evident during the COVID-19 pandemic, which acted as a catalyst for many, propelling them into gig work out of necessity due to layoffs, or as a deliberate choice for those seeking more control over their work-life balance.…

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Harnessing 5G for Business Operations and Strategic Planning

In the realm of digital transformation, the advent of 5G technology stands as a monumental leap forward, promising to redefine the landscape of business operations and strategic planning. With its unparalleled data transmission speeds, reduced latency, and enhanced connectivity,

5G is not just an upgrade to its predecessors but a gateway to a new era of innovation and efficiency in the business world.

5G

Unveiling the Potential of 5G

5G technology represents a pivotal shift in business operations, providing the speed and bandwidth necessary for an interconnected and data-driven future. This technological leap enables unprecedented advancements in the Internet of Things (IoT), artificial intelligence (AI), and augmented reality (AR), fostering a new era of efficiency and innovation.…

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20 Effective Ways to Manage Zoomer Employees

As the professional landscape evolves, so does the composition of the workforce. The arrival of Generation Z, or “Zoomers,” into the workplace has presented a new set of challenges and opportunities for management. Born between the late 1990s and early 2010s, Zoomers are digital natives who prioritize flexibility, diversity, and purpose in their careers.

Zoomer employees

Managing this generation effectively requires understanding their unique characteristics and adapting management styles accordingly. Here are twenty effective ways to manage Zoomer employees:

1. Leverage Their Technological Prowess

Zoomers have grown up with technology at their fingertips, making them adept at navigating digital platforms and tools.…

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Should I Convert My Business’ Balance Sheet to Bitcoin?

The idea of converting a business’s balance sheet assets into cryptocurrencies like Bitcoin has moved from a fringe concept to a serious consideration for many companies. The rising acceptance of Bitcoin as both an investment asset and a medium of exchange, along with some rule changes and its significant price appreciation over the past decade, has intrigued business owners worldwide. However, the volatile nature of cryptocurrencies presents a unique set of risks and opportunities.

Bitcoin in balance sheet

This article provides an in-depth analysis of the key factors to consider before making such a critical financial decision.

First Thing First: Why Bitcoin?

Bitcoin, the first and most well-known cryptocurrency, was created in 2009 as a decentralized digital currency without a central bank or single administrator.…

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Top 5 Remote Employees Monitoring Software

In the rapidly evolving landscape of remote work, businesses are increasingly relying on technology to manage and monitor their remote employees. Remote employee monitoring software has become a crucial tool for many organizations, providing insights into productivity, time management, and overall efficiency.

Monitoring remote employee

photo credit: George Milton / Pexels

Here, we will cover five standout remote employee monitoring software solutions, highlighting their functionalities, advantages, and limitations, along with pricing information where available.

1. Connecteam

What it does: Connecteam offers a comprehensive suite of tools for remote employee management, including task management, people management, employee communication, time tracking, checklists, and forms. It’s designed to facilitate seamless communication between managers and their field or remote employees.…

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The Future is AI: Positioning Your Small Business for Success

Artificial Intelligence (AI) is no longer just a buzzword; it’s becoming an essential tool for businesses of all sizes. As a small business owner, understanding and embracing AI can be the key to staying competitive in today’s rapidly evolving market landscape.

AI small business adoption

photo credit: Tara Winstead / Pexels

AI encompasses technologies that enable machines to perform tasks that typically require human intelligence. These tasks range from simple automation to complex decision-making processes. Machine learning, natural language processing, and computer vision are some of the core components of AI.

AI can revolutionize various aspects of small business operations, including customer service, marketing, sales, finance, and product development.…

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A Business Owner’s Guide to Managing Business Continuity During Divorce

Divorce is a challenging experience, filled with emotional and financial complexities. For business owners, the added layer of a thriving enterprise adds another dimension to navigate, especially when both spouses have a stake in the company.

Business continuity amid divorce process

However, proactive planning and informed decision-making can help ensure your business remains stable and resilient during this period. This guide provides tips to help you prioritize business continuity throughout the divorce process. Read on!

1. Seek Professional Support

Assemble a team of experts to help you with the legal and financial aspects of the divorce. Begin by looking for an experienced divorce attorney, as they understand family law and can value assets to help secure a fair settlement while minimizing disruptions.…

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5 Growth Channels Small Businesses Can’t Ignore

Advice is something small business owners are not short of. It is also something they seek to survive in the market, but too many people talk about growth to know who’s right.

Growth strategy

Here’s the real talk: not all growth strategies are created equal. Some are overhyped, and others are underappreciated gems. It’s easy to get lost in the sea of advice, but focusing on what truly matters is essential.

We’ve indexed through the clutter to highlight five growth channels that small businesses can’t afford to overlook. These are practical, proven ways to attract more eyes to your business and help it grow.…

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10 Essential Operations Strategies for Businesses in The Service Sector

If you’re running a business in the service sector – i.e. consulting, cleaning, transportation, and hospitality to name a few – you know that efficient operations are crucial for success. From managing customer interactions to delivering high-quality services, every aspect of your business’s operations plays a vital role in your ability to thrive in a competitive market.

Consulting service

In this article, we’ll explore ten essential strategies to help service-based businesses streamline their operations and achieve sustainable growth.

1. Define Clear Processes and Procedures

Establishing clear processes and procedures is the foundation of effective operations management. Document each step of your service delivery process, from initial customer contact to post-service follow-up.…

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