Every business desires growth. In today's world, walking the growth path usually entails harnessing the right technology and increasing your digital capabilities.However, this is much easier said than done. As a growth-focused company, you want to be able to improve on your existing infrastructure and provide space for advancement in terms of your technological output. With that in mind, here are some tips that could help you out in the long run:Never Fly In BlindAs explained … [Read more...] about Best 5 Tips to Improve Your Business IT Capabilities
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5 Tips for Improving the Efficiency of Your Business
As a result of the current economic downturn, many businesses are struggling to increase profits or maintain growth. If you’re a business owner, you may therefore be looking for other non-traditional streams of revenue to add to your company. Reducing wasteful spending and optimising your company’s efficiency is one effective way of doing this, since doing so requires no extra growth on your part. And even if your company is not struggling, it is never a bad idea to increase the efficiency of a … [Read more...] about 5 Tips for Improving the Efficiency of Your Business
What is Direct Sourcing, And How Can It Benefit the Organization?
Businesses today are looking beyond traditional hiring models to better their growth prospects. The shift in talent acquisition strategies is evident with the large-scale recruitment of consultants, contractors, or freelancers over full-time employees.Flexible solutions are what global staffing agencies like High5 excel at. Contingent workers with their specialized skills facilitate your company to meet project-specific demands. By focusing on building a substantial pool of contingent staff, … [Read more...] about What is Direct Sourcing, And How Can It Benefit the Organization?
New to Finance? Learn About Data Rooms
If you are new to the world of finance then there will be much to learn about. The financial services market alone is expected to be worth $26000 billion within a year and the need for security is higher than ever before.The internet has made business easier and faster to conduct but it has also raised the need for a new type of security. Hackers and cybercriminals make money by stealing information or extorting cash from individuals and businesses. It is this combination of new technology … [Read more...] about New to Finance? Learn About Data Rooms
Improve your Business’s Valuation in time for the Roaring Twenties
With the pandemic receding and the prospect of savings-rich consumers driving business optimism to a record high, now is the time to shore up your business and get ready for what looks sure to be the roaring twenties. Gaining investment is a fine first step to doing so, but if your business is hunting for angels, it’s crucial you think smart and act fast to improve your valuation and receive even greater seed money in … [Read more...] about Improve your Business’s Valuation in time for the Roaring Twenties
Steps for Preparing Effective Oral Presentation
The essence of language lies in the living utterance. “Speaking before the people is the feat that few can play. Speaking is very often second forth of facts and principles assumed to be true.In such a way as to best appeal (Attraction) the listener living utterance.There are two methods of appeal (attraction).Appeal to the intellectAppeal to the emotionsThe written words can never make quite the same appeal to the hearts of men as spoken words because here the whole person is … [Read more...] about Steps for Preparing Effective Oral Presentation
The Best Financial Tips for Business Owners
Keeping on top of your finances and business accounts comes part and parcel with being a business owner. Part of your job is ensuring you are keeping track of the numbers so that you know how much profit you are making, as well as your outgoings so that you can make a decision as to whether you need to cut down on business expenses or whether there is room in the budget to bring on another employee.Not all of us are number savvy or understand where to start when it comes to keeping on top of … [Read more...] about The Best Financial Tips for Business Owners
How to Assess the Business Value of Product Data Management
Product Data Management is beneficial for a variety of industries that involve marketing and distribution of goods. Whether it is a Business to Consumer (B2C) or Business to Business (B2B) mode, PDM provides a viable solution for companies to efficiently manage their products and services. It is the process of organizing and managing product-specific data and associated information like descriptions and labels.PDM data also includes the digital assets of such products. These assets might be … [Read more...] about How to Assess the Business Value of Product Data Management
Should You Pay Yourself In The Early Stages Of Your Business
Building a startup from scratch is an uphill battle that takes discipline, hard work, and a little luck. And that’s disregarding the countless businesses that cease operations beforehand.Anecdotal evidence says that startups may even take three years or more to achieve a positive net cash flow.With such a finicky and delicate position, entrepreneurs face an age-old dilemma.Should I pay myself a salary or should I leave it on the business?The answer is YES, and here’s … [Read more...] about Should You Pay Yourself In The Early Stages Of Your Business
Using Data To Grow Your Company
No matter the size, collecting and organising data can be incredibly powerful for any business.Why? Because data can accomplish a myriad of things. It gives you a good picture of who your customer is, it improves profitability, and it improves your business’s efficiency.And if you fail to capitalise on project management tools and software systems that present relevant data to you in a clear-cut manner — you’ll fall behind in a world where technological tools continue to dominate across … [Read more...] about Using Data To Grow Your Company
Do You Make These 3 Mistakes as a Sole Trader?
Starting your own business is always an exciting venture, and one of the first decisions you must make is how you will structure it.Many people choose to build a limited company. If you decide to build a business in this way, you will split ownership into an equal number of shares between partners. There are many advantages to choosing the structure of a limited company. Sharing responsibilities eases the stress of managing all aspects of the business by yourself, and sharing costs eases … [Read more...] about Do You Make These 3 Mistakes as a Sole Trader?