A life on the road isn’t for everyone. However, sometimes work doesn’t give us a choice. If you’re travelling for business often, it pays to know a few productivity tips to keep you both relaxed and focused. Your time spent travelling is often longer than the time you spend at your destination. With this in mind, here are five ways to make the most of the in-between periods.
If you’re setting up a business or you are wondering how to ramp things up in 2018, the internet is one of the most valuable tools you can use to win more clients. Think of the internet as your virtual megaphone to get more clients, announcing to the world that you have something amazing to offer. Unfortunately, in almost every industry there are a lot of other people with megaphones! Many of them are selling the same goods or services as you are, and in order to gain more clients you must cut through the noise and reach your target audience. I am going to share with you my top five tips to win clients online and turn your business into a success story.
Outsourcing business functions are one the smartest ways to save time, money and resources. As a small business owner, it can be hard to know when to delegate. But if you want to achieve all your corporate goals and grow successfully, knowing when to share your plate is vital.
There’s no denying that outsourcing saves time and money and frees up your team so you – as the business owner – can focus on your core strengths. And who wants to waste precious skills on attempting tasks that can be better left to the experts, anyway? When it’s your hard work and budding business at stake though, leaving certain jobs to other people can be a scary thought.
Here’s some unexpected advice from a business networking expert: you could spend less time on your business networking.
Yes, really! You might expect to get encouragement that you should get out there and do more. Go to more events. Send more emails. Meet more people. More, more, more!!
But unless you’re doing nothing to build professional business relationships, you can probably do less random “networking” and still get the results you need.
There has been an explosive growth of businesses using social media networking sites over the past few years. Businesses use social media for 5 main reasons:
- To improve awareness about their products/services
- To build their brand and their online presence
- To reach out to new cliental
- To engage with existing customers
What are the benefits of social media?
Placing other business goals ahead of your company cash flow is a big blunder as a business owner, and for many start-up businesses, this is a common norm. It is critical that you spend the time to establish your trademark and sales leads, at the same time, it is vital to develop a ceaseless cash flow (amount of cash coming into your business). Cash flow is the lifeblood of every business and if you can retain 10% or 20% of your monthly revenue, you will be able to pump the cash back into your business.
To have a consistent cash flow in your business, here are ways how to
Be Familiar with your Expenses
Several businesses offer discounts to attract and possibly retain a customer, right? We’ve have seen before haven’t we? Some have harnessed the use of a site like Scoopon and Groupon while others have done this on their own. Despite all this, you should offer a discount if you know the cost and the hit of hat you are offering, if not, prepare yourself for reverberations. As a business person who would like to see your merchandise grow, you should be aware of your comprehensive cost basis, how much you’d theoretically charge, the cost of what you’re offering and the profit gap on your products and services.
Pay bills when You have to
In regards to bills, the idea is that you try and get your outgoing invoices paid as soon as possible and pay your bills when you have to. However, it has to be said that there is an effect of paying your bills on time that builds a positive relationship with your suppliers. If you’re having trouble recouping bad debts then it’s always wise to get a debt collector to help, I always recommend Network Debt Collection. It is also a good idea to look for places where you are paying money (or about to spend money) when you don’t need to Microsoft Toolkit is a unique solution to saving money on something you would usually have to pay for.
Combat the Urge to Offer Immense Discount
There are 2 buttons that many business owners seem to battle with “panic and discount”. When discount overwhelms panic, the next step is to drop prices which are the biggest mistake you can ever do. Although it’s good to offer discounts once in a while, make sure you’re still being profitable when you offer discounts. Say after every three months you have a big sale, customers are not fools, they’ll just wait until that time you have a big sale and then will show up.
Encourage Repeat Business
If you can be able to land and retain customers (continuous) and especially if you’re in a volume-driven business like retail, you’d have cemented your cash flow, profit, and growth. In this case, what you need to do is consecrate yourself to see your customers coming back again and again.
Think about how you can make good use of loyalty programs, VIP offers and other frequent shopper programs. They are some of the best tools to systematize continual business.
What else are you waiting for? You have the tips, go for it!
Blogs are an excellent way to enhance knowledge in a particular sector; they provide all the useful insights and also give a peek into the latest happenings in that area. As a budding entrepreneur, you will do yourself a great favour if you can keep a close tab on some of the best startup advice blogs on the Internet.
They will add immense value to your business by helping you understand how the world of startups is shaping up, sharing tips on running your startup efficiently and leading you to a great future. So here I give you a quick listing of the ten best startup advice blogs you must follow in 2016.
Books are the perfect guide for us in all walks of life. Be it spiritual advice, some new art to be learnt, or an excellent informative guide on a subject, a book is a man’s best friend indeed.
Today I am going to share with you a list of books that are meant to kindle the entrepreneurial spirit in you. These are the perfect choice when it comes to the best startup advice. Read on to know what you should be reading; here we go!
Is your business using Facebook for promotion? Is your business getting the most out of marketing on Facebook?
With more than 1.44 billion monthly active users (In quarter 1, 2015), Facebook has become the favorite platform for advertisers. Almost all the brands are placing their bets on Facebook. A large part of their online marketing budget is spent on this social media platform and the fact that this platform is still growing makes it even more lucrative.
Sometimes business owners focus far too much on attracting new business, when often the easiest customer to attract is someone who has already been a customer. If you have a quality product or service and can incentivise repeat business strategically then attracting business becomes a lot easier.
This week we’re talking to Sandra Gray from Sand Dunes Resort on the Sunshine Coast, Sandra has been running Sand Dunes Resort for over 10 years now and has built a strong business based mostly off repeat customers. Every year her resort is packed full and the large majority of them are customers who return each and every year for their holiday.
This makes her marketing efforts so much easier… after all, attracting new business can be hard in a competitive landscape.
Sandra has implemented a great rewards program rewarding people who come back time and time again to stay at the resort, giving them healthy discounts when they return for another stay. This coupled with a great resort, awesome beachfront location and amazing staff makes the customers not even think twice about their next holiday accommodation, they’re going straight back to Sand Dunes.
This is possible with a lot of businesses and far too often I see businesses spending big money and lots of time trying to attract new business when they have a huge database of customers who have previously experienced their product/service who would be easy to get them to come back for more with the right offer.
Think about this next time you’re trying to attract new business and you’re getting out your wallet to do so…
In saying that, this is not always possible for every business. For example working with Future Blinds on the Sunshine Coast, who manufacture the highest quality blinds Sunshine Coast has to offer. They get some repeat business but it’s very few and far between since they’re products last for so long and customers don’t need to come back for a long time once they’ve purchased off them. So although it should be investigated for all businesses, it will be more relevant to some more than others.