POST CATEGORY : Management

Making the Most of Your Business Data

Data management involves collecting, organizing, storing, protecting, verifying, and processing vital data in your business and making it available when and where required. Data management is the first step towards implementing a practical data analysis for your business, leading to important insights that add value to your organization, making it more efficient.

Business data

Good data management enables employees to promptly find the information they need to execute their duties, thus saving energy and time. It also helps in the validation of decisions for your business and provides structures for sharing information. Besides, it enables data storage for future reference and promotes ease of retrieval of vital information.…

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How to Leverage a Competitor Sales Analysis to Grow Your Business

As a small business owner, you probably have mixed feelings about conducting a formal competitor sales analysis. You already generally know who your competitors are, and you’re likely aware of how their value proposition compares to yours. Is it worth the time and energy necessary to conduct a formal competitor sales analysis — and then applying those findings to your business? Absolutely.

Competitor sales analysis

Why conduct a competitor analysis? It provides an immense amount of value to your business. It lets you learn from competitors and helps ensure you’re perceived as an innovation leader. Let’s say you’re working on rolling out a new customer portal, product tweak, or service line.…

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5 Different Ways To Improve Efficiency in Your Business

Productivity is important to any business, including your own. Completing projects under a small amount of time ensures that operations run as scheduled and even leaves extra time for completing additional tasks or starting major projects earlier. However, rushing work in this manner can result in overworked employees, low morale and other issues that can be prevented with strong efficiency.

Productive meeting

The best way to get your staff to work smarter instead of harder is by changing work routines and incorporating helpful resources such as a virtual receptionist and employee surveys. Implement the following tactics in your company to boost efficiency and create a healthy work environment.…

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5 Benefits of Working with a Small Business Coach

Budding entrepreneurs looking to bring their vision to life need to work closely with an experienced business coach to boost their potential. Business coaches are not limited to startups; they can be a valuable asset to seasoned investors and business executives looking to break through from their current positions.

Small business coaching

Business coaches are basically successful entrepreneurs, business executives, and owners with a rich knowledge base of the business world. These individuals have opted to leverage their success, talents, and leadership to help nurture business startups to achieve their full potential.

The following are several benefits of working with a small business coach or similar types of industry consultant:

Helps with building confidence

Having confidence is one of the most invaluable traits in business.…

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Your Small Business Will Need These Tools When Growing to the Next Level

Believe it or not, some entrepreneurs want to start small and stay small. They have no intention of growing beyond their current level. They like things just the way they are because it is familiar and something they can manage. They have no plans for the business to continue after they leave it.

Brewery small business

photo credit: ELEVATE / Pexels

They started the business for a specific reason such as the following:

  • They lost their company job and had to support a family
  • They inherited the business
  • They needed to push themselves to see if they could be successful on their own
  • They had a particular passion for a specific thing

All of these are valid reasons to start a business.…

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A Comprehensive Overview of Fulfillment by Amazon

Fulfillment by Amazon, precisely known as FBA, is a storage and shipping service offered by Amazon on behalf of sellers. As a seller, all you have to do is send your products to Amazon’s Fulfillment Centers.

Fulfillment by Amazon (FBA) team

photo credit: South Carolina State Library / Flickr

Amazon then takes over picking, packaging, storage, and sending it to the respective buyer. It is also the work of Amazon to take care of post-sale services such as returns, refunds, and customer service.

As a business owner, this could sound like a good plan for your business, especially if you are operating an e-commerce business. So, is Amazon FBA worth it?…

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Impressing Business Partners & Clients

The economy is competitive. With the restrictions, turmoil, and economic hold-back, companies of all kinds need to get back to work. So many different businesses need new business partners and a growing number of clients.

Meeting with business partners

photo credit: August de Richelieu / Pexels

Whatever you’re involved in, every manager and owner needs to be on their toes to cultivate an environment to attract investors, skilled partners and employees, and happy clients. To do this, you’ll need to impress the people you want to do business with.

Here are some tips on how to satisfy everyone you’re involved with while getting the best deal for your company.…

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What to Consider When Hiring an Effective EOR for Global Team Expansion

As the business world grows more and more competitive, companies are starting to adopt new strategies to keep their businesses afloat. For many large firms, one of these alternative strategies is to expand their global reach.

Hiring using Employee of Record (EOR) service

Many companies appoint EOR services to handle global operations successfully, but many challenges come with such a monumental task.

By understanding the role of Employer of Record or EOR, businesses can make an educated decision about whether they should be hiring them.

Here are some tips for managers and senior leaders to effectively pick the best service.

What can an EOR do for You?

Using a global Employer of Record guarantees that all your banking, insurance, taxes, human resources, facilities, and contract terms are fulfilled.…

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3 Support Networks to Help Your SME

Being a small business owner is like running through landmines at the best of times. One faint misstep can be the difference between success and failure.

Small business support network

And this is arguably truer than ever before. With mega-corporations like Amazon continuing its stranglehold on almost every market, high street stores are shutting at an alarming rate.

And as Covid-19 swarmed across the globe, the Guardian reported that Great Britain’s high streets lost more than 17,500 chain store outlets in 2020.

In an interview with the Guardian, head of consumer markets PwC Lisa Hooker said, ‘The full extent will be revealed in the coming months as many of the [company restructures] and administrations in the early part of 2021 still haven’t been captured, including department stores, fashion retailers and hospitality operators that will leave big holes in city centre locations.’…

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Five Steps to Setting Up Your Home Office for Success

Since the coronavirus pandemic began, there has been an immense shift towards remote working. The number of individuals who are now working from home has increased substantially and, therefore, so has the need for home offices.

Home office setup

It’s important to get your home office set up correctly so that you can be as productive as possible. You need the right lighting, the right equipment, and the right mentality to have a successful workday.

Here’s how you can set up a great home office…

Find a Comfortable Chair and Desk

Comfort is key. The last thing you want from your home office is an uncomfortable set up that causes neck or back pain.…

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