Outsourcing, when done right, can save a business time and money. By outsourcing the right tech tasks, your staff will have more time to focus on more important tasks, thereby improving productivity and profits. However not every tech task should be outsourced; if the wrong jobs are outsourced it could end up costing you more time and money rather than less. In order to work out which tech tasks you should outsource and which should stay in-house, read this article to find out more.Read More >
If you want the year ahead to be a success, it’s important to gauge where your small business stands financially as the year comes to a close and to build on improving your weaknesses and harnessing your strengths. These small business year end financial tips will ensure that your transition into the next year is smooth and that you are ready to reap success.Read More >
Every major company in the world, whether it is Apple or Virgin, was a start up once. Even companies that are now worth billions once started with a vision, an idea and only a handful of people. Bill Gates started his business working out of his garage. How did these small businesses turn into profitable multinational blue chips? Obviously hard work, expertise, dedicated staff and timing played a huge role but so did the ability to scale and grow. All companies no mattertheir size need to focus onsustainable growth and on how to scale over time. Only by scaling will you be able to perform under an increased workload and improve profit margins. Here are tips and tricks from the best in the business that will teach you how to scale your business.Read More >
Business networking can potentially happen anywhere anytime, even when you are pursuing your own hobbies. You don’t need to attend business events; you can start by leveraging your hobbies to business network out of office hours. You can join a club that you go to on a regular basis or if you’re introverted, you can go online to meet new people and build your business networks. Here’s how to use your personal interests to create an expansive network.Read More >
Many people have visionary ideas for a business but the difficulty is transforming that into a reality. Often the most daunting thing is starting the process. This article will give you practical advice so that you can manifest your dream into the small business you have always wanted.Read More >
Many digital entrepreneurs who work on-the-go from numerous locations save money and hassle by not renting an office, but there is one problem with that: what will your address be? Where will you receive important mail? How will you be perceived by clients if you don't have a proper mailing address? For digital entrepreneurs in Canada, a virtual PO box and mail forwarding can solve these problems.Read More >
The future success of your business depends on your staff's ability to understand and harness digital tools. More and more businesses are adopting state-of-the-art digital technology to improve operational efficiency, allow for better time management, create value and improve competitiveness. Read on to find out about how digital literacy can help your business.Read More >
Acquiring a business is exciting, but when you buy an existing one it may take some work to alter it so that you can implement your own ideas. Many people buy existing businesses and have great ideas as to how to re-vamp them. However, numerous small business owners will never see their ideas actualized, as they can't put those great ideas into practice.Read More >
In order for startups to get off the ground and become profitable, they need to do more than just focus on income; they need to be smart about running their business in an efficient manner. Ensuring your startup is running at optimal efficiency is vital in today's markets. It's particularly important for small businesses to operate efficiently, as they usually have limited access to resources when compared to their larger peers. Operational efficiency is predicated upon input vs. your output. Input means everything that goes into the production of goods or service. The output is the end product. To improve your operational efficiency, you need reduce the input necessary to gain the best output. This means streamlining your business operations to ensure that they are running at optimal efficiency. These tips will help you do that.Read More >
Being an entrepreneur isn't easy; you need to lead and execute. In order to be a successful entrepreneur you need to keep tabs on where your business is at today whilst developing a vision for the future. In some ways, mentally, you need to be in two places simultaneously. To do this successfully you need to be a pro at strategic thinking. Here are some tips to enable you to improve your strategic thinking.Read More >
The cloud has revolutionized the workplace, allowing physical barriers such as distance to be overcome. The cloud allows remote workers and their teams to connect, communicate and collaborate constantly, forming a virtual office. However for all the advantages of this, there are can be some serious hazards if you are not careful about your cloud storage. Whether it’s a fire, a flood or breach of security, disaster can hit at any time, and your data will be the first and worst victim. Therefore it is in your best interest to ensure you design a backup plan for your cloud storage that protects your data against disaster. Here are the best cloud storage solutions for a virtual office.Read More >
Technology has allowed small businesses everywhere to automate numerous chores. Doing tasks manually, the old-fashioned way, may be a time-honoured way at your small business but it may also be a waste of time! By adopting the various automated tools recommended in this article you will have more time to focus on the things that matter.Read More >
An old adage states that 'the pen is mightier than the sword'. The idea is that what you write can have a tremendous impact on people. This is especially true today, as due to the addition of email to business letters and faxes, companies correspond with clients more than ever before. Correspondence reflects upon the competency of the company therefore whatever it is you are writing, you should always make it professional and polished.Read More >
Here are some common mistakes to avoid so you can create a narrative that connects with your audience.Read More >
A/B testing, also known assplit testing, is the best method of improving your online promotional and marketing strategies for your small business. It consists of comparing various versions of a marketing webpage, app or paid search, display or remarketing ad to determine which one is more successful. A/B testing can make a vast difference in how effective your marketing efforts prove to be, hence saving you time and making you more money in the long run. You need to ensure the branded message you send out to your potential clients fits not only your small business's image but will also draw in customers. With A/B testing you can easily hone in on the most effective elements of your marketing piece to ensure your efforts are not in vain!
Insufficient capitalmay cause you to cut costs in areas where you should be devoting more funds. Here are the ways not having enough capital will hurt startups and what you can do to raise more money.