Your No-Nonsense Roadmap to Effective Crisis Management

Sooner or later, every company experiences a crisis that threatens its reputation and revenue, which are of course inextricably linked. For the uninitiated, the experience can be truly terrifying.

Crisis management

In crisis management, as in much else, fortune favors the prepared. Before you get in over your head, follow this crisis management roadmap.

Lay the Groundwork with a Transparent Corporate Culture

While your company’s next crisis remains a gleam in fate’s eye, lay the groundwork for your response with a transparent, forthright corporate culture that respects your employees and stakeholders. The more information you share, the better.

“Understanding that employees want to feel they contribute to their company’s success, it is key that employees be exposed to the company’s strategic goals and objectives,” said Lovell Communications president Rosemary Plorin in a recent Inc.

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7 Things Managers Need to Know About Handling Remote Teams

There has been a serious misconception that productivity and colocation are two inseparable factors for success. The need of a swift business expansion in emerging startups has encouraged a new approach towards management that favors remote teamwork as a time-saving and cost-effective solution.

Remote team management

Despite being extremely popular, especially among tech companies, remote team management is still an evolving concept. As such, it comprises a wide array of management techniques which vary from strict surveillance and employee evaluation to a more relaxed approach that puts freedom over tight regulations.

Open Your Doors To New Horizons

One of the many benefits of telecommuting teams is the lack of limitations when it comes to hiring a talented crew member.…

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How To Optimize Inventory Distribution For An Omnichannel Business

The customer is not local anymore – we are all now fully aware of the global opportunity. However, in the pursuit of trying to address our distributed customer, we often forget that our inventory planning needs to be tuned to this new business model.

Checking inventory

Is the goal of this article to convince you to buy warehouses in multiple cities/countries? Not really. We’re here to discuss and evaluate models and figure out what kind of model works best for each context. Hopefully, once you have identified your distribution model, you will know where exactly to store your inventory and how to make the largest cost savings for your size of business.…

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What Every Small Business CEO Should Know about Inventory Management

CEOs of small businesses are generally expected to know a lot about running a business. However, there are some, especially the less experienced ones, who may need to get more acquainted with important matters such as inventory management. For small businesses, being able to properly monitor and manage inventory is a must. The failure to do so can lead to dire consequences.

Small business owners

Inventory Management Is Extremely Important

Good inventory management is a vital part of running a small business. Even service-oriented companies have inventory to manage, although not to a point that requires meticulous attention or the aid of an inventory management platform.…

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The Best Waste Minimisation Strategies for New Businesses

Here is a guide on how a new business can identify ways to reduce waste and create a new strategy for waste minimisation.

Create a strategy to reduce business waste

Reducing the amount of waste your business generates isn’t just great for the environment, it could also save your business a substantial amount of money. An effective waste minimisation strategy will look at your entire business and identify the areas that you will need to reduce waste.

The First Step- Conducting a Waste Audit

Firstly, walk around the premises, noting down the the costs and quantities of any waste you see.…

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How To Determine the Best E-Commerce Logistics Solution

Running an ecommerce business is difficult, and many ventures fail because they didn’t have the proper logistics or management solutions in place to run the business smoothly.

It’s not uncommon for ecommerce business owners to be afraid of the unknown: outsourcing your company’s supply chain can seem scary at first. You may be worried that you won’t have enough control, there could be too many unknowns, or that you don’t want to go through the struggle of finding the right logistics company (especially if you have no firsthand experience).

Before you begin your search, consider the benefits of an ecommerce logistics solution.…

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6 Reasons an M&A Specialist Helps Maximize Your Company’s Sale Value

Congratulations! You took your business from a concept to a company. You identified a problem, assembled a solid team, built a solution, and grew revenue. But now, you have fresh ideas and new plans. You’ve made the decision — it’s time to move on and sell your company.

Mergers and acquisitions

That’s a hard conclusion to reach, but it may be even harder to determine where to go next. After all, your expertise lies in running a business, not selling one. Who do you contact? How do you market your company’s value, not as a product or service, but as an asset? A lot of moving parts go into a successful sale, and each one needs to fall into place perfectly.…

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Startup Shortcuts: Smart and Cents-able Ways to Make Your Little Business Look Like a Big Player

Starting a new business takes a lot of time: you have to decide between forming a corporation or an LLC, you have to find the right people to employ, and you have to build a website and/or find a brick-and-mortar building to rent or buy. When you first start, it may seem like it’ll take years before you are noticed by anyone.

Appear bigger

Fortunately, there are things that you can do while you’re still growing to make your business look like a real player. If you do a few things correctly, people will start taking notice of you sooner rather than later and you can claim your market share sooner than you might think.…

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Why Managers Shouldn’t Ban Mobiles From the Office

There’s an ongoing debate in the business world about mobile devices: Should they be allowed in office settings, or do they need to go?

Bringing smartphone to work

Some say that these devices cut down on workplace productivity. Others argue that smartphones actually increase office productivity, causing things to run more smoothly.

Maybe you are still trying to figure out what is best. While you’re deciding, discover some pitfalls that managers could face if they don’t let mobile devices stay.

You Lose Efficiency

Mobile devices allow managers to get hold of their employees quickly using means such as texting. Those whom you oversee will also be able to check their email and respond when they are away from their desks.…

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5 Ways Businesses Can Streamline Their Processes and Save on Manpower

Are you looking for ways to cut business costs? Guess what; there might be one area you could look at that could save you up to 50 percent of your expense bill by the end of the year.

Management team

Take a gander at the cost of skilled labor. For instance, we all know that starting a business requires good market research and an accountant or a CFO to ensure you make more than you spend. Then there is your business’ branding or image and the marketing of your product and campaigns aligned with that.All of these elements, for the most part, require staff to manage.…

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