POST CATEGORY : Management

5 Reasons Your Business Needs Workforce Management

Your projects are only as good as your workforce. The employee base is the biggest asset of any organisation. From managing client demands to mitigating project risks, your workforce makes sure that all your deliverables are on time, every time.

Manager using workforce management tool

Managing your resources while maintaining and improving the company’s bottom line can be like walking on a tightrope. Maintaining the productivity of multiple resources while retaining the same level of efficiency is hard work. As companies are increasingly focusing on digitally transforming processes and workplaces are becoming dynamic, a robust workplace management system is quite frankly necessary for you, the project manager.…

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MRP vs. ERP: What’s The Difference and Which Solution is Right for Your Company?

At some point in time, most manufacturing companies realize the need for a software solution that allows different operational departments – procurement, production, warehousing and others – to share information. And it wouldn’t hurt if the same software could also loop in sales and finance. Any search for solutions raises a question almost immediately for most executives: What do the acronyms MRP and ERP stand for, and what’s the different between the two?

Management team using resource planning tools

The terms are sometimes used interchangeably, and there is no standard definition for either. As manufacturing firms look to invest in and implement a software platform, it’s important to realize that each software solution is distinctive, and it does matter which one is chosen.…

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4 Key Factors on the Path to Maximizing the Value of Your Business

In business, maximizing value is the name of the game. When strategies clash, though, how are small business owners to know which path is right for them? Shareholders face novel problems today, including significant SKU proliferation, rapid technological evolution, cybersecurity threats, international trade wars, and the appearance of entirely new industries tangential to their own, among myriad challenges.

Business owners on the battlefield must navigate this shifting environment in order to maximize their value. A very basic framework to help think through these challenges is the “buy, hold, or sell” model. Specifically, at any given point for any decision, an owner or manager has only three options: buy (invest more), sell (divest), or hold (maintain the status quo).…

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3 Ways To Make Sure Your Sales Reps Stay Ahead Of The Game

When they’re “out in the field,” your sales team’s days can vary immensely. On some days it can be like gently floating down a stream, wowing people with demos at every turn, enjoying some great networking opportunities, and converting new leads into paying customers. On other days, they might feel like they’re swimming against the current, rushing from one meeting to another, while trying to balance time between new prospects and older ones.

Sales rep discussing with a client

For the more difficult days ahead, a little planning can help ease your team’s stress levels when they’re are out of the office, leaving them more time to concentrate on the important part of the job – selling.…

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Empowering and Enabling MSME Businesses in India

Currently, there are more than 43 million micro, small and medium sized business enterprises (MSMEs) in India, employing about 40% of the total population. With its contribution to GDP of around 8%, these MSMEs are not only helping in financial development of the country, but also in improving the socio-economic status of the people.

MSME owners

However, at the same time, they are also struggling to flourish owing to certain challenges such as lack of accessibility to information and knowledge, inadequate intellectual property protection, insufficient training for employees, and lack of access to alternating funding avenues which can lead to shortage of working capital and under-developed business infrastructure.…

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How Can Small Businesses Optimize Financial Management

Many small business owners find managing their finances to be quite challenging. You might know how to deliver an exceptional product or service, but if you lack both the experience and knowledge in managing business finances, your small business won’t be as successful as you’d hoped it to be. The main reason financial management tends to be daunting is that it’s common for small businesses to make a financial mistake or end up falling into a financial pitfall.

Financial management optimization

These types of mistakes usually bring the worst types of consequences, mainly because even the smallest or the simplest of financial mistakes can have the potential to ruin your entire businesses if you let the problem go unattended.…

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Updating Your Resume: Signs It’s Time to Polish the Ol’ Skills

You’re back on the job market, sending out your resume to multiple jobs a day, but you’re not getting any bites. Frustrating, right?

It can be especially difficult to know exactly what’s going wrong – is it my cover letter? Do I have enough experience? Do they just not like my personality?

Writing resumes

Slow down a bit. Typically, the problem isn’t a massive personality defect. In fact, your problem might be something as simple as not updating your resume.

That’s right! Just like our social networks and our car registration, it’s important to make sure your resume is always up to date with your recent experience, your modern skills, and the most complete version of the current you.…

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Linked or Not? The Relationship Between Your Personal Finances and Business Opportunities

Got the ball rolling about starting your own business but not sure about the money involved? You’re not alone. More than four in ten Americans worry about finance and cash flow when it comes to their new business, based on the market survey by Capital One. Given the numbers, it’s reasonable to question the link between personal finances and business. So… does your personal finance affect funding a business and business opportunities or not?

Personal finance to fund a business

Personal Finances as your Bedrock

It is no secret that the quality of life you have is greatly determined by the health of your personal finances. When you have bad credit, it affects several aspects of your life like housing, utilities, and even your insurance premiums.…

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4 Morning Routine Habits for a Productive Day

You may not realize it but the choices you make in the morning set the tone for your entire day.

Are you starting your day with productive habits that encourage activity throughout the day? Or do you spend your mornings sipping a cup of coffee scrolling through your phone?

Morning routine habits

Include these four habits in your morning routine to get your mind right for the day ahead.

4 Habits to Optimize the Day Ahead

You don’t need to reorganize your entire life. Just make a few small tweaks to scale your productivity today and every day.

1. Take Your Grooming Seriously

Your appearance can have a profound effect on your productivity throughout the rest of the day.…

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How To Better Strategize For Your Small Business

Starting a small business isn’t easy, but can be made less confusing with the right strategy in place for success. Below are a few simple ways you can properly plan for the growth of your business and avoid common issues that might arise with ineffective strategizing.

Building business strategy

Be Organized

Begin strategizing for your small business by first getting organized, whether that be with your physical space and office setting or simply with the way you function throughout the day. A great way to start is by creating a daily list that you can look to for any necessities that you need to get done throughout the day.…

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