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

How To The Cut The Cost Of Running Your Own Business

December 3, 2022 by Contributed Post Leave a Comment

Running your own business can cost you a huge amount of time and energy, and it can also cost you a lot of money too. When the cost of running your business becomes too great, the profit that you scrape together simply doesn’t seem worth it, and it can discourage you from wanting to continue putting in so many hours for such an unfruitful project.

Thankfully, it doesn’t have to be this way for much longer. In fact, this guide contains some of the best steps that you can follow to transform your profit margins before your eyes, cutting the cost of running your own business like never before. So, what are you waiting for? If you’re ready to limit your expenses and reduce the price of owning a successful company, then simply check below to uncover the most effective tips and tricks to utilize now!

Image Source – Pexels

Use Less Energy

One of the best steps that you can follow to ensure you can cut the cost of running your own business is to use less energy. With energy costs spiraling in recent months, it would seem that the value of essentials like electricity, gas and more will continue to skyrocket. This is something that you need to worry about, as the average business uses a fair amount of energy and power related resources, so your monthly bills are about to become more unmanageable than ever unless you actively start to make some changes. Installing motion sensor lighting is a good place to begin, as this way any lights will switch off when no movement is detected in a workspace – this could save you hundreds of dollars over the course of just a few months. You can also make smaller changes that will add up over time, such as removing ‘vampire’ devices like coffee makers or vending machines that suck energy even when they’re not being used (and serve little purpose anyway).

Outsource Rather Than Hire

The cost of hiring an employee is dramatically different to the cost of outsourcing. When you hire a new employee, you commit to offer a year’s salary that will be tens of thousands of dollars, as well as a number of benefits such as healthcare, personal equipment (computers etc) and more. However, when the team you pay for doesn’t have the skills or time to complete a specific task, you cannot simply go and hire a whole new candidate just to handle one job! Instead, you can outsource this task out to an external team or individual who can create either a short or long term contract which is far more affordable. You don’t need to pay for an extra work space, nor do you need to fork out for another salary and benefits – instead, you pay for the service provided, and may even be able to barter this price down! From telecom expense management to IT support, you can outsource so many handy tasks that help you to save mountains of cash over time.

Recycle Your Waste

If you currently recycle little to no waste from your business, then you could be losing out – big time. The cost of disposing of your waste is likely one one of the biggest bills you need to pay for each month, and it’s certainly not getting any cheaper. By taking the time to separate your trash into things that can be recycled, you open up a whole new pathway that could actually help to generate money rather than take it away. There are businesses out there that are willing to pay for your recyclable waste, as they can use things like plastic and paper again and give them a whole new life as another product. So, add an extra bin next to your usual trash that can be dedicated to recyclable materials, and look into the option of selling your recyclable trash to those who can repurpose it. You’ll be cutting costs while being more green and eco-conscious at the same time – what’s not to love?!

Figuring out how to cut the cost of running your own business has never been such a simple task when you can take the time to utilize some of these excellent tried and tested recommendations. Your profit margins will see a real boost after following these steps, so get out there and start making some positive changes today! Begin by using less energy, and try your hand at outsourcing too. Recycle your waste rather than sending it to landfill, and you’ll be well on your way to a more fruitful cashflow.

5 Tips on Making Yourself the Ideal Candidate for a Job

December 1, 2022 by Contributed Post Leave a Comment

via Pexels

Landing your dream job is not an easy task. It takes a lot of hard work, dedication, and sometimes a little luck. But if you’re willing to put in the effort, there are certain things you can do to make yourself the ideal candidate for any position. This blog post will discuss five tips on making yourself stand out from the crowd and increasing your chances of getting hired!

1) Research the job and company thoroughly

Having a good grasp of what the job requires and understanding how your skills fit into the role will help you stand out from other applicants. It’s also important to research the organization that is offering the job, so you can tailor your responses in an interview to show why you would be a great fit for their team.

Also, familiarize yourself with the company’s culture, mission, and values. That will help you formulate answers to potential questions about how your skills and experience align with their goals.

2) Work on your resume

Your resume should be a one-page document that succinctly summarizes your most relevant qualifications for the role. When crafting your resume, include keywords from the job listing; use active language; highlight any awards or certifications you have earned, and make sure there are no spelling or grammar mistakes. Your resume should also showcase your ability to work in teams, follow instructions, handle pressure, and more — all of which can help employers see why you’d be an ideal candidate for the job.

3) Tailor your resume specifically for each position

While it may seem like a lot of extra work, tailoring your resume to match each position is essential. If a particular role requires certain skills or experience, make sure that information is at the top of your resume, so it stands out to hiring managers.

In addition, try to connect the dots between your previous work experience and the job you’re applying for. Finally, show that you have transferable skills from one field to another; this will demonstrate your versatility and resourcefulness, which can make you an appealing candidate.

4) Network with people in the industry

Making connections with people who already work at the company or in the same field is a great way to learn more about what it takes to be successful in that industry. It also gives you a chance to get inside information about openings before anyone else hears about them — and that could give you a leg up over other applicants.

Don’t be afraid to reach out and introduce yourself via email or on social media platforms such as LinkedIn. Building relationships with people will give you an inside track when it comes to job openings and make you a more attractive candidate.

5) Prepare for the interview

When you’re given an opportunity to interview, that’s your chance to really shine! So make sure you arrive early and dress professionally; bring extra copies of your resume; practice common Transaction advisory interview questions beforehand, and be prepared to ask thoughtful questions about the company or role.

By following these five steps, you’ll be well on your way to making yourself a more attractive candidate for any job. With the right attitude and determination, you could soon land that position of your dreams!

The Evolution of Business: Why You Shouldn’t Let Tradition Hold You Back

November 30, 2022 by Contributed Post Leave a Comment

Photo by fabio on Unsplash

What is Business Evolution?

Business evolution is the process of adapting to changes in your industry or environment in order to stay competitive. This could include anything from adopting new technology or processes, restructuring the organization, developing a new product or service, diversifying into different markets, and so on. The key is being able to recognize when change is needed and having the willingness to act on it. For example, technology in business is constantly evolving, so if you don’t keep up with the latest trends, you could be left behind.

Why Is It Important To Evolve Your Business?

In today’s constantly shifting business landscape, companies that don’t evolve are likely to be left behind. Change can bring about opportunities for growth and innovation that might not have been available otherwise. Furthermore, staying ahead of trends makes it easier to anticipate customer needs and remain relevant in an increasingly competitive marketplace.

What Are Some Signs That It’s Time To Evolve Your Business?

Some of the signs that it might be time to evolve your business include declining sales, difficulty keeping up with changing customer demands, increased competition in the market, or a lack of new ideas. You may also want to consider evolving if you feel like your company is stuck in a rut and no longer growing.

How Can You Effectively Evolve Your Business?

If you’re ready to take the plunge and evolve your business, there are a few key steps you should take:

• Analyze current processes and identify areas for improvement;

• Conduct market research to better understand customer needs;

• Develop a strategy for how you’ll implement change;

• Create an action plan and timeline;

• Focus on customer retention, acquisition, and loyalty;

• Reevaluate progress on a regular basis.

What Are The Challenges And Benefits Of Evolving Your Business?

While there are many potential benefits to evolving your business, it can also bring some challenges. For example, implementing new processes or technologies might require additional training for employees, and there could be a period of adjustment while everyone gets used to the changes. Additionally, you may need to invest in new resources or equipment to make the transition. On the other hand, evolving your business can bring about a number of benefits. It could open up new markets, increase efficiency and productivity, boost customer satisfaction, lead to greater profits, and help you stay ahead of the competition.

Evolving your business is essential if you want to remain competitive and stay ahead of the game. Don’t let tradition keep you from adapting to new circumstances and emerging trends; embrace change and take advantage of the opportunities it presents. With the right strategy in place, you’ll be able to evolve your business for maximum success.

Career Satisfaction: When is it Time to Make a Change?

November 29, 2022 by Contributed Post Leave a Comment

Image Credit

It can be difficult to tell how satisfied you are within a company or career, but there are some signs that the balance might be tipping in favor of a career change. In this article, you can find out about the warning signs of career fatigue and what to consider before you make a switch.

Stress Levels

Everyone experiences stress from time to time or on a daily basis. Stress is a feeling of fear and anxiety that accompanies an expectation; these expectations can come from a relationship, the world of work, or a combination of the two. It’s important to manage the stress levels in your life.

Stress can be extremely harmful to your health and wellbeing; it can cause changes to your hair color and affect the quality of your skin; in the long-term chronic stress can even shorten your lifespan. If you feel stressed too often, it’s a sign that you should consider changing your career.

Self Esteem

Self-esteem refers to the thoughts and beliefs we have about ourselves, which are often influenced from the outside depending on if we feel valued or invalidated. The workplace can have a significant effect on self-esteem, especially if you work with difficult personalities.

There is something to be said for rising to the challenges of a workplace and handling any issues that are causing you to experience low self-esteem. However, if you have made an effort in this direction and you are still experiencing difficulties, it might be time to change careers.

Pay Ceiling

One obvious sign that you need to change your career is if you hit a pay ceiling and can’t progress in the company. If you have experience in a new role and you are ready to enter a higher pay bracket, it’s sensible to start looking for new career options in a relatable position.

However, there is another way to view pay that might also lead to a career change. If you notice that you are working in the job role for the money alone, it is a clear sign that you need to move on. A job role needs to be more than a pay packet, so find something that inspires you the most.

New Challenge

On the subject of inspiration, you might need a new challenge in your career and a new position to make that happen. If you find you’re bored in your career because you understand the role inside out and nothing surprises you, it can lead to production losses and mental health issues.

Everyone needs a career that fulfills their potential, so make sure you are challenging yourself to learn and grow with the industry. If you need a new career or want to switch industries, it’s best to contact Hotel & Restaurant Management Recruiters to find the most relevant positions.

Work Fatigue

Some people become bored with their job roles, but others feel as if they are overworked and underpaid, leading to work fatigue. If you feel as if you don’t have the energy levels to maintain your job and provide a high-quality service, it might be time to consider your company position.

How Can I Work Smarter, Not Harder In Business?

November 29, 2022 by Contributed Post Leave a Comment

Pexels – CC0 License

It’s very easy for an entrepreneur to brag about how hard they work, or a business owner to talk about just how much is required of them to keep their operation running. That doesn’t mean they’re wrong, of course, but it’s also true that working hard and to the point where it runs you down and affects your health is not necessarily something to brag about. Instead, it suggests a change needs to be made.

That said, it’s true that if you have the willingness to work hard, you’re already half of the way there and have much more potential than someone who expects success to come to them based solely on the value of their ideas.

But instead of just working harder, working smarter is important too. It’s the difference between dragging a cart with a rope or fixing wheels so you can push it easily. But in business, it takes creative thinking and sometimes, a new methodology of forward progress for you to find those hidden opportunities. Let’s discuss some of those examples below:

Automate Those Little Tasks

Automation can be a real timesaver and allow you to add uniform productivity to whatever task it is you’re trying to achieve. For instance, you may have notice that many customer support sections on business websites now utilize AI chatbots to help direct your query. If the bot determines you have a question a human agent might need to answer, they will transfer you to that system.

However, if you have a common question, it might point you to a previously answered FAQ section, and save you time. That’s automation, cutting down on the time it takes for real support personnel to help you. The same principles can be applied to manufacturing for instance, where using a turnkey system can help you automate your industrial product development in the best way, with prefit measures that help you avoid the constant maintenance, debugging and preparation of such systems. As you can see, you don’t have to curate everything yourself.

Understand Your Skill Gaps

One of the most important measures to understand in business is that you, as an individual, cannot do everything. It’s important to outsource where you can, be that via hiring an accountant, a marketing specialist, and certainly a payroll agency to make sure that all of these tasks are completed to a highly professional standard.

If you know your skill gaps, you know your strengths and can hire or liaise with staff members to help you. It will also allow you to stop wasting your time, or understand which areas need to be worked on.

Bringing The Best Of Yourself

It’s also important to note that the well-rested you that takes care of themselves, hydrates enough, and has some downtime from work is the person who will make the best executive decisions compared to the person who might attend the office around the clock thinking this will make a difference. Your business is your baby, but it doesn’t mean you have to denigrate yourself to be successful. If you care for yourself as one of the most important business assets, this shows the foresight to understand your limits, and will allow you to bring the best of your insight on a daily basis.

With this advice, we hope you can work smarter, not harder, and also remain aware of your limitations.