Contributed Post | Mike McRitchie | Resume and LinkedIn Profile Writer | Telecom Marketing Content Writer

Strategies That’ll Help Your Company To Expand

January 9, 2020 by Contributed Post Leave a Comment

Creating a successful business is a tremendous challenge. You might be an intelligent and aspirational entrepreneur, but you’re competing with intelligent and aspirational entrepreneurs in your industry. That won’t be enough to make you stand out. To help your business grow in the face of competition, you need a strong plan of action to reach your target market, gain customers, and build a name for your company in your industry. That’s how your brand will rise to the top of your marketplace. With that in mind, here are some strategies that’ll help your company to expand.

Research your intended market of consumers.

Market research will help your company to expand. Most importantly, it’ll help you to find your place in your industry. You need to talk to your current and potential customers. Get a feel for the things your target consumers want. You’re not just trying to find problems with your company; you’re trying to find problems with your industry as a whole. In turn, you’ll be able to find gaps in the market. That’ll help you to come up with unique solutions which distinguish your brand from competing brands. When you can do that, you’ll be able to turn heads in the industry, gain clients, and continually expand your business.

Increase productivity levels.

The importance of catering to consumers to gain customers was discussed above, but your business can also grow by focusing on your employees. In fact, your workforce plays a huge part in the growth of your company. You need to increase the productivity levels of your office, and that’ll help you to deliver more products and services to your clients. If you can achieve more on a daily basis, you’ll be able to deal with larger demand, so you’ll be giving your business the opportunity to grow in the future. For new employees, you should help them to integrate into the company and become productive members of your workforce. You might want to check out this ELMO onboarding software. It could help your new members of staff to understand the workings of your business.

You also need to give your employees incentives to work hard. Bonuses and other perks should be rewards for the hardest workers. This will encourage every member of staff to put in as much effort as possible to receive recognition. You need to show your team that you value them. You need to give them a reason to do more than the work that is expected of them. The more productive your workplace, the faster your company will grow. It makes sense to push your employees to do as much as possible on a daily basis.

Start a referral scheme.

Starting a referral scheme is another great way to set your business apart from the crowd and expand your brand. This will help you to grow because you’ll be encouraging your customers to spread the word about your company. Even happy clients don’t always think to talk about their experiences. Sometimes, you have to give them a reason to spread the word. If they were to receive rewards, such as discounted prices on your products, for referring people to your business, then they’d be encouraged to start talking about your brand to others. You’d be able to expand your customer base and, as a result, your company.

To The Letter: Navigating Rules And Regulations As A New Business

January 9, 2020 by Contributed Post Leave a Comment

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One of the most confusing opponents of running a business when you’ve just started out is how to navigate the rules and regulations. With every little part of the operation, you have a specific rule to follow that is set out by the powers that be. If you have employees working late you have to make sure they don’t work over a set number of hours. Or when you have employees burning the candle at both ends for your benefit, you have to make sure that you are following the rules to the letter. It can be incredibly confusing. What do you need to do in order to make sure that the plans to develop the business are addressed, but also keep within the legal and professional boundaries?

Addressing The Specific Rules To Your Industry

In specific industries, there are various types of red tape. There may be rules on lifting points for transporting loads in the haulage industry or there may be specific rules relating to the safety of electrical equipment meaning that these things need to be addressed every so often. Once you start to address the specific rule to your industry, that is when you are making a plan to tackle these issues as you go. Preparation is better than reaction. Once you start to look at the specific rules to your industry, especially with regards to land use permits or zoning laws, this will very likely feel like your progress is hindered. But it’s important to use these things to your advantage.

Using Local Regulations To Your Benefit

Local regulations can appear to be the extra hurdle but there are numerous local city and county governments that provide specific regulations that aren’t as complex as the nationwide ones. Many local organizations provide rules and regulations for the benefit of the city or county, and it’s worth bearing this in mind. Once you start to do your homework and learn about the specific rules and regulations you can begin to plan for compliance which will help you to grow your business in a local setting. This is what will help your company to make a more organic progression.

Acquiring Relevant Help

And with local rules and regulations, this means you can apply for help through financing programs. Many local governments support small businesses through specific programs that can offer grants or direct equity investment. As a new business, it’s important to get all of the help that you can. As local banks and credit unions are interested in developing the local community this can provide you with an extra set of tools. For example, they could point you towards specific connections that you can network with.

While rules and regulations can seem like a frustrating component and that there are too many rules to follow, it’s crucial that you use them to your advantage. It may feel like you’re not able to develop your business organically, but it is the law and it’s something that you do need to follow to the letter.

Five Benefits of Working Late Hours

January 8, 2020 by Contributed Post Leave a Comment

If your boss told you to work late night hours, most people would decline the offer and prefer to work during the day. It’s really common because people would much prefer to be working when the sun is out as opposed to when it’s dark all over. However, there are a couple of unique advantages to working late-night hours that most people don’t realize.

The pay is fantastic for a night shift

A lot of people overlook the fact that night shifts pay really well. This is usually because most people don’t enjoy working night shifts, so they need to incentivize it by increasing the salary or hourly pay.

You won’t be groggy when the family is around

An underestimated benefit of working night shifts is being able to sleep while your kids are at school. Your children will be full of energy even when they come home, so if you time your sleep schedule to wake up when they return, you won’t be groggy and tired when you play with them and help them with their homework.

You get more job opportunities

Taking on a night shift opens you up to new employment opportunities that wouldn’t be available if you limited yourself to regular working hours.

It’s a good idea to remember that working late hours can be taxing on the body, especially if you aren’t used to it yet. So to help you out, we’ve included an infographic below that will teach you all about working night shifts.

Image Source: Infographic

Small Business Ideas that Will be Profitable in Singapore

December 29, 2019 by Contributed Post Leave a Comment

Singapore has a well-established economy, and in recent years, this is attracting many investors to the country. If you are looking for a place to start your own business and succeed quickly, then the Lion City may be the right place. As long as you set your priorities straight and know what you are looking for, you can be sure that your small business will pick up tremendously.

What makes many companies succeed is that they tend to capitalize on certain aspects that end up being advantageous to them. Taking the time to get to know Singapore will enable you to establish what type of business will lead you to financial success. The fact that the country is well-known for having a business-friendly and competitive environment should give anyone hope of their business succeeding.

Furthermore, foreigners are welcomed in the country to do business, which is evident by the many foreign investors living in the country. Singapore has a large number of millionaires, which shows the rate of success of those who are in the country. Below are some of the best business ideas that are guaranteed to be successful in Singapore.

Travel and Tour Businesses

Singapore has become one of the favorite tourist destinations in Asia and the industry has developed rapidly with an increased number of both local and international tourists flocking the country each year. The country has a large variety of tourist attractions to ensure that tourists find a need to travel to different places daily. Starting your transport or tour business will be a wise thing to do financially as it will prove to be a very profitable endeavor.

Cleaning Service Businesses

Starting a cleaning service business is quite ideal since it does not require a lot of finances to start and run. Since there are many offices in Singapore, you will find it easy to get clients for your services. Many people in Singapore tend to work most of the time and are likely to require assistance to clean their homes. This will ensure that your business will grow with time as there is a high demand for the service. With the right marketing strategies, you can reach many clients, which will ensure your success. It would be best if you remembered to make sure that you have all the legal requirements to run your business with no worries while in the country. You should also visit Visa Express Singapore to know how you can get your visa today.

Electronics Business

A significant portion of Singapore’s industry focuses on manufacturing electronics. Establishing a business that sells different varieties of electronics is a good idea.

There is a large number of customers that you can target since many tourists and locals tend to buy electronics regularly. Since there is a high demand for electronics with the increase in technology, you can even offer to export gadgets to other countries.

An Editorial Business

Starting an editorial business is also a good idea to embark on in Singapore if you have excellent writing skills. It is a type of business that does not require a lot of capital to start and run, which makes it quite suitable for those who are starting a small business. You are guaranteed to get both local and foreign clients as long as you keep doing commendable work. Marketing your business will play a significant role in ensuring your business grows, thus gaining more profit.

You can promote and advertise your services online by having a website for your company, which will result in increasing your demographic. There are not many people in this field, and you can capitalize on that, making you more successful with time.

Laundry Service Business

Although the cleaning services in Singapore are quite profitable, there is a lot of competition. You can choose to focus only on offering laundry services since many of the people in the country prefer using laundry services rather than cleaning their clothes on their own since most of the time, they end up being busy at work.

Estates and buildings in Singapore tend to provide space for hosting laundry services. This shows the high demand for the service, meaning that your business is guaranteed to succeed. Types of laundry services you can choose to provide are coin-operated and self-operated laundry services.

Financial Services

Opening up a financial services business is wise since Singapore has many companies, making the demand for financial services high. The high demand means that you are sure of getting a large number of clients, which is a good thing for any business.

Conclusion

Singapore provides an excellent business environment for both foreigners and locals, and anyone is allowed to start businesses in the country. Remember to follow the country’s rules and regulations to ensure that you have a good time running your business.

Do You Have The Right Soft Skills For Small Business Success?

December 23, 2019 by Contributed Post Leave a Comment

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So you have an amazing idea for a business and you’ve told everyone about it. The next thing that you need to do now is to turn that seed of an idea into a real live business. But before you do that, you should check to make sure that you are going to be able to deliver on your business goals by checking to make sure that you have the right soft skills for small business success.

Getting a great business off the ground takes more than just an idea. You may well have a winning concept, but if yours are the wrong hands to turn it into something tangible and scalable, then it will fail to reach its potential.

Do You Know Where To Turn When You Need Help?

Being a great business leader is not about trying to do everything in business yourself. You don’t have to be able to run every aspect of your business. In fact, there are several areas of your business where it makes no financial sense for you to get involved in unless of course, you are an expert in that field. For example, your business may have a lot of technical needs. Your IT infrastructure may be complex and it will definitely have security concerns attached. Strategic IT Consulting will help you to manage these IT needs effectively. Not only will an expert allow you to save time that you can spend on other aspects of the business, but they will also get the job done well, meaning that your company can become more effective and more productive.

Do You Know When You Should Be Delegating?

If the answer to the above question is not “all of the time”, then you will need to develop your delegation skills. If you are hiring employees to help you turn your dreams into a success story, then let them help you. Empower them by offering them the opportunity to take on important responsibilities within your company. Allow them to feel motivated by giving them the chance to learn the business and to develop their skills. Not only will it save you a considerable amount of time and energy doing all of the jobs yourself, but your company will also be productive and efficient.

Have You Got The Passion To Pull You Through The Hard Times?

Setting up a business means that you will be going from nothing but an idea to something quite substantial. But in order to get there, you’re going to have to walk a long and slow path. Times will get hard and there will be moments that you wish that you had not started on the journey. But you’ll end up with a lot resting on it emotionally and financially and you need to deliver. To do this, you will need passion, determination, self-belief and a real love of the idea. You need to be able to communicate this passion to those around you so that you don’t just motivate yourself, you motivate others too.