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In business, there’s a lot to keep track of, and a lot to manage. But when you’ve been doing it for years, you start to get into the swing of what to look out for - especially when you get a sense that things might be going wrong. Because you soon realize that you don’t have to wait for things to hit rock bottom before you start to make a change. In fact, you can even catch things early with the help of a few fool-proof systems and measures. If you’re ready to see if your business is running as it should be, or if things are on track, here are a few precautions to starting taking now.
Conduct An Audit
The word audit can invoke fear in a lot of people. But there’s no reason why it should be so scary to you – especially if you’re hot on business ethics and you pride yourself on doing everything above board. But, if you want to make sure that you really are on track, both as a business and financially, an audit could be useful to you. Your business will be inspected by qualified professionals to make sure that you are running right.
Hold Staff Appraisals
Sometimes, your biggest fears in your business can be with your employees. Although we’d all like to think that we’re a good judge of character and that we’ve hired well, you can’t always be too sure. But, to make sure that your staff really are beneficial to your business, staff appraisals should regularly be held. Then, you will have a record of how well they are doing, and if there are any issues. They can also be beneficial for your staff too so that they can voice concerns or become aware of their performance levels.
Get A Lawyer
A lot of people wait to get a lawyer when they really need them. But there can be a lot of benefits of hiring a lawyer, just because. Not only can you get legal advice on your business transactions, but you can also get contracts checked and ensure that everything is running smoothly. This might be a step too far for you financially at the moment, but it’s also something to consider when the time is right.
Service Your Equipment
Just like you check over your human resources, you should be sure to do the same for your physical ones too. If you have any equipment in your business, whether you’re a manufacturer with a product plant that needs checking or a haulage company in need of regular truck repairs, it should be working well at all times. Regular services can iron out any issues that could be problematic in the future.
Hire A Consultant
When you struggle to see things objectively or identify problems before they arise, you can often benefit from another perspective. That’s why hiring a business consultant can be good for a lot of people. They can also take some of the pressure off you so that you are free to make decisions and progress with your business strategy and growth.
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Owning a company is not just about increasing our customer base and finding effective ways to build awareness of who we are and what we do. It is also about staying safe and making sure we are protected from the multitude of different problems that can arise which can jeopardize the stability of our companies. So today we are talking through the main ways you can make sure that your company is protected and safe.
Separate Your Personal & Business Life
Combining both your personal and business accounts is a top mistake many business owners make. It’s very easy to do as we all have to start somewhere and smaller businesses typically tend to take a while to take off so we keep them close to us. However, as businesses grow so should the way that we arrange the finances.
Should your business run into any financial or legal problems your personal finances could be at risk if you don’t keep them completely separate. Therefore it is advisable to completely separate your personal, family accounts from your business ones. A good way to do this is by having a trust own your company instead. That way the trust can own any property, cash or businesses that you have, so should anything go wrong your home and personal investments won’t hang in the balance.
Protect Your Files
As we are all living in the new digital age, most of our files are kept on our company software systems, so it’s never been more important to protect them from hackers and viruses. Therefore you should make sure that you are investing in high quality antivirus and software security programs, and that these are regularly updated and backed up.
Have A Top Attorney Close At Hand
Should anything go wrong, you are going to have to have a top attorney, close at hand, to fight your case and help you work through any potentially threatening legal situations your company may face. Research the top attorneys in your local area and get in touch with reputable and trusted business lawyers that will be able to get you through any legal cases you may face in the future. Building a trusting relationship with a local legal firm and a dedicated legal defense team, like Riverside Criminal Defense, will ensure that you will be protected by a professional legal team to help you get through any difficult legal battles.
As a business owner, you need to be vigilant about securing the best insurance policies to protect your company from the wide variety of legal problems that can come up in your business. For example, if one of your staff injures themselves because of something directly related to your company you can be facing a very costly injury court case. So liability insurance is a top insurance to make sure that if any of your staff ever gets injured at work then you are legally covered and any payouts are not going to cripple your business.
Also find Troy at Unbound Northwest
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The use of technology is essential if you plan on having a thriving business that generates success. It doesn't matter what your enterprise specializes in, if you don't have a good understanding of technology you may as well give up now.
Everything is run through apps, data and hardware nowadays, and people are able to loosen the reigns a little and let the robots take control. But this can only be done if you have the right skills and ability to create your own system of how you want things to be run.
Here is all the important uses technology has, and how exactly it connects to building a business.
The use of technology is great for all businesses. But it is especially encouraging for smaller companies. The reason for this is because they are more able to keep track of their competition. -They can see where others are going wrong, ensuring they don’t make the same mistakes.
If you’re a small business owner, it can be very stressful as you have to play many different roles yourself. So with the use of business tools like quick emailing, accounting and time management applications, you are able to take the back seat a little, because you know your business is in good (virtual) hands.
Again this is particularly good if you have a small business. It’s a form of technology that does the typical jobs an employer would do, which means you don’t need to spend money hiring someone. So for example, instead of employing a bookkeeper, there are many functions out there that handle this job virtually. Making it even more efficient, resulting in time being saved, as well as money.
It no longer matters whether your business is big or small. Once you’re on the internet, anyone stands a chance at success. Marketing is an amazing thing because it allows you to build a relationship between you and the buyer. You can receive orders, sell in excess and pretty much everything else as long as you have a computer and internet connection.
You may like to do all the marketing for your business yourself, or maybe you prefer to train your employees to do so. Just make sure you have the right skills before directing your staff.
You are probably already using storage in your daily life, whether you realize it or not. But learning about it properly could save your business on many different occasions, so you will really want to learn your stuff.
You can get rid of all the unwanted storage by using the right programs, saving the important bits, while wiping off any unnecessary files. Cloud service management allows you to control the clouds computer products and services through one or multiple domains.
Software is uploaded onto your system, providing you with different services you will need, like image editing programs, word processing apps and accounting systems. The most common software being Microsoft. They have always dominated because they have everything we need. They cover every single thing whether that be writing a document, creating a spreadsheet or putting together a powerpoint presentation.
The internet is one of those things that we can all openly state, that we wouldn’t be able to live without it anymore. It has grown so much over the years, and everyone relies on it, even if you don’t like to admit it. Whenever someone has a question that you are unable to answer, the first reflex will be to take out your phone and ask Google.
We no longer have to leave the house anymore. You can order absolute everything you need without having to move a muscle. So when it comes down to your business, think of the possibilities. Think of the things you can achieve thanks to the internet.
Computers and data become connected to form networks. This allows people to send, share and receive documents and information safely and securely without any hassle.
It’s especially great if you’re out of the office and need to receive an important file, but aren’t able to grab it yourself. You can just have one of your colleagues to send it through. This also works through a printer too, so if you needed something on paper, not just virtually, they can connect it through and send the file that way, printing it instantly.
Communication has become so much easier than it once was. With the technology we have today, we are now able to send super quick emails for no cost all. We can send and receive text messages, make calls and even chat through a screen to one another thanks to the built-in cameras we now have on our devices. You can connect with your clients from anywhere around the world. You can answer questions, deal with money and billing orders, and send company files, all within a few clicks (or swipes.)
With social media standing tall as the biggest online platform for sharing; this is key to make your business a thriving one. You can post something nowadays, and within minutes it can reach millions of potential buyers, clients, and even fans.
There are techniques you can learn that will enable your business to gain more and more attention. The goal is to attract as many people as possible, so you must share interesting things on a frequent basis, so people know what you’re about.
All technology starts with the hardware. Phones, Androids, cameras, computers, laptops, screens, printers, keyboards, tablets, iPads and more. If it weren’t for these devices, technology wouldn’t be able to exist.
The only way we’d be able to gather our information would be through books. And the only way we’d be able to contact one another would be through handwritten letters. Nothing would be instant anymore. You would have to be patient and wait. Can you imagine that?
Sometimes we take for granted what’s out there. When really, people should appreciate how much easier life has been made for us.
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There is increasing evidence that leisure activities are just as important as education to a child’s development. The skills they develop through extracurricular activities will also help them later in life. Unfortunately, it sometimes feels like the kids didn’t get the memo. Getting your child to turn off the TV and try a new activity can be a challenge, especially when it’s raining, snowing, or just plain too cold to play outside. However, it might be easier to encourage their existing hobbies and find a way to turn these into a leisurely pastime.
The ability to read at any level is something that should definitely be encouraged in children. However, a love of reading could also be the comfort zone of a shy child. You don’t want to tell them to stop reading, but you also don’t want to make it acceptable to hide in the corner when they’re uncomfortable. The solution is to bring together other young bookworms for a weekly book club. Ask your child how they would feel about sharing their hobby with other children, and if they’re interested, start reaching out to other parents at their school. It won’t be easy, and there are many steps to starting a children’s book club, but the results could be worth it to see your child interacting with like-minded children.
There is such a wide variety of sports clubs and outdoor activities available now that even the most athletically-challenged child can get hooked on a sport. Sports activities not only teach kids a skill, they also teach kids how to work as a team toward a common goal. Your child does not have to join a sports team to become active in sports; because many recreational centers have spontaneous games that people play just for fun. You can also organize a game for your child’s friends in your backyard.
The world is a big and exciting place, and you don’t have to be a certain age to enjoy everything it has to offer. As the world becomes increasingly global, it would be a shame if your kids missed out on fun and valuable travel experience. If you’re fortunate enough to have family living abroad, you can apply for a Family Visitor Visa and let your kids experience a new culture from a local perspective. You can also add an educational element to your vacations. If they’re learning a language at school, take them to a country that speaks that language so they can practice. Justify a trip to Rome by telling your kids they’ll learn more about the Romans for school. In fact, history is an easy class for traveling, because every country features in both modern and ancient history.
Engaging your kids with music in any form will teach them a finer appreciation for the arts. The ability to play an instrument is a valuable skill, dancing teaches them coordination, and both allow your children to express themselves creatively.
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There isn't really any element of modern life that hasn't been completely and totally changed by modern technology. From smartphones to the internet, the world around us is completely and utterly different than it was even a couple of decades ago. For many teachers, technology is the bane of their lives. They spend their time trying to get the attention of kids who'd rather be staring at screens; they constantly have to confiscate phones, and half the time it feels as though technology is just getting in the way. But is that the way things have to be? After all, haven't teachers pushed the boundaries of how they engage with pupils since the dawn of time? What's to say that technology can't just be another tool in your belt when it comes to shaping the minds of a new generation of young people? With that in mind, here are some ways that you can use technology to make your teaching more effective.
Automating administrative tasks
One of the most frustrating aspects of being a teacher is that you spend so much of your time not teaching. Schools are complex systems, not only that but they are businesses as well, and this means that there is a great deal of administration involved in running them. Thanks to technology, however, there are now plenty of things that you can use in order to make those tasks faster and easier than ever before. The finances of a school might be incredibly important, but they often end up being a serious distraction from the job that a teacher actually wants to do. You can visit payschools.com/payschools-products/ to see the kinds of technology that’s available to make dealing with finances much easier. That way you can get back to focusing on what really matters!
It can personalize learning
One of the hardest things about being a teacher is trying to provide the right level of teaching for each individual student. This has, historically, been something of a challenge since no teacher has the resources to deliver thirty or more different lessons at once. But now, thanks to modern technology, it’s never been easier to provide that kind of learning experience. More resources than ever are now online, so the task of the teacher is shifting more towards helping students engage with it in specific ways. This allows you to create a much more personal experience for students of all learning styles and levels of ability, meaning that those who struggle aren’t left behind, but the ones that excel aren’t left feeling bored and frustrated.
Of course, it’s important to remember that these are only tools, just like anything else. As useful as technology might be, there’s no chance that it could ever replace what’s most important: the passion and drive that a teacher has to share knowledge with their students. No piece of technology will ever be so advanced that it can ignite the fire in a student’s mind the way that a truly great teacher can.
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So you’re finally moving out. Business has picked up, and through careful financial planning, you have earned and saved enough funds to move out of your ‘garage.’ For any startup, this is a big move, perhaps career-defining. The most important point is that you look to the future, aim for the sustainability of your business and maintain an expected growth pattern. During this tumultuous time, you must not ever slack in your customers’ or employees’ eyes.
Image by – Cary Bass
Moving out of the garage
Plan the budget and time
First and foremost, audit everything and decide on what your budget is. Before you can buy and do anything, you must have a plan that consists of avoiding the red, and firmly staying in the black. To even be in a position where it’s financially feasible should prove to you, that you’re doing something right. Any possible move should therefore be, valued for time, because if you’re productivity slips, so does the awareness of your name. Typically you should aim for a 1-2 year plan with set goals you should be hitting every month, regarding profits versus expenditure. To save money, you should think about outsourcing work to freelancers via a digital system.
Don’t rely on a website photo gallery which shows pictures of the property that are up for rent or lease; go in-person and evaluate the square-footage and the amount charged for it. Compare what the price of the furniture that comes with the office is, to perhaps a more cost-effective alternative that some companies can offer you like Facility Services Group used office furniture. With the money saved through such a choice, you could opt for a flexible term, giving you the ability to add more space if and when required.
Photo source – Ole Ronberg
If you’re planning to move from a city to the center of a region to expand your business purely for a wide-reaching customer base, then you need to evaluate the following.
- Which specific area could you move your office or headquarters to, where you fill a gap in the market physically. Locate competing businesses on your regional map, and identify where the majority of the demand is for a business or service like yours.
- Once you have found an area where there isn’t too much competition, contact the local broker and decide on which property style and payment scheme you want to opt for.
- Calculate the complexity of the operation in terms of the people in your team. Could you deal with the added workload with your current employees? If not, how much more would you need to hire, and how soon? Does this factor into the amount of office space you’ll need? How much would this cost alone?
Credit – AMISOM
Moving out of a home or shared office is a massive step for a startup; quite frankly it can make or break you. If you need a safety net and cannot rely on saved resources, you’ll want to think about getting a loan from your bank. Whatever happens, your end all be all aim should be for business to keep coming in, so make sure you tell your existing customers that you’re moving and do so promptly. Relationships and trust are hard won, therefore, during the move, never jeopardize the current workload you have.