Planning To Start Your Own Business? Here’s Some Important Advice

Posted on December 15, 2021 by Charlene Brown

There are many reasons to start a business. You might be an entrepreneur, or you may want more control over your own life and destiny. Perhaps you have a great idea for a new product or service that can make the world a better place. Whatever your motivation, if you’re thinking about setting up your own company then it’s crucial that you find out as much as possible about what is involved in starting and running one successfully before making any decisions. In this article, we’ll tell you all the essentials of what you need to do if you plan to run your own business.

1) Register Your Business

There are some services that offer paperless company incorporation, which may be more convenient for some people. If this is you, you can click here to learn more about setting up your own business online. Besides a company name, address, and fees, you will also need to provide information about shareholders and directors as well.

The first step is to register your business. This can be done through your local council, and you will need to provide details such as the company name, registered address, and contact information. You may also need to pay a fee. However, this can also be done online.

2) Choose A Business Structure

There are several choices when it comes to forming your business. You can be a sole trader, which means that you are the only person in charge of the business. Alternatively, you could form a limited company. In this case, you would be an employee of the business, not its owner. You could also form a partnership or a co-operative, but this is less common. To decide which is best for you, consult your solicitor and accountant. You can also find more information about the various business structures online, so make sure to do your research before deciding on one option. Once you have chosen a structure, you will need to decide on how to fund your business and what roles employees will play in it.

3) Write A Business Plan

This is an important step that should not be skipped. A business plan will help you to outline your business goals, strategies, and how you plan to achieve them. It should also include a financial forecast so you can see how much money you will need to make your business a success. This document can be used to present to potential investors or creditors if you need to raise money for your business. Your solicitor will be able to help you if you have never written a business plan before.

4) Find Funding For Your Business

In order to start your own company, it is necessary that you secure funding for it. This may be through loans from the bank or local authority, or from potential investors. You will also need to budget for initial costs such as legal fees, accountancy costs, and marketing expenses. Again, your solicitor can help you with this process and advise you on the best way to go about obtaining funding. Make sure that you keep accurate accounts for your business and that you don’t spend more than is necessary. Some companies also offer consultancy services, which will be able to guide you towards the best business decisions.

5) Get A Website

This is one of the most important parts of your business. Your website will be visited by potential customers and investors, so it must stand out and look professional. Also, provide information about your products and services as well as contact details and any other relevant information. Make sure that you constantly update your site with new content, whilst keeping old content to a minimum. You can also use social media sites such as Twitter and Facebook to promote your business and interact with customers.

6) Market Your Business

Once you launch your company, it is important to make sure that you promote it successfully. This includes hiring marketing professionals if necessary and using a variety of marketing channels to get your company’s name out there. You could hold events, send out press releases, or even create a marketing campaign. Make sure that you track the results of your marketing efforts so you can see which ones are most successful. It is crucial to take steps which will improve your metrics on the long run and which will keep them effectively growing your traffic, this is where SEO link building strategies come handy.

The advice in this article can be used by anyone who is planning to start their own company. Whether you’re starting a sole trader, limited company, partnership or co-operative, the information provided here will help you make informed decisions about how best to go about securing funding for your business and setting up an online presence with a website that looks professional. It’s also important to market your new venture successfully, it may require investment on behalf of marketing professionals if necessary but there are several channels available including social media sites like Twitter and Facebook which could prove effective. If you follow these steps carefully, then launching your very own successful company should not be too difficult!

3 Things To Look For In NPO Friendly Software

Posted on December 10, 2021 by Allen Brown

NPO or non-profit software is software used by non-profit charity organizations to help them handle various operations like payroll, accounting, fundraising, and managing donor data and relations. There are two options that you can choose from when purchasing an NPO software; a stand-alone tool that will offer very few features or a suite that will offer various options which will enable you to run your charity organization smoothly. If you are new to the world of NPO software then you probably want to find the best one with the most helpful tools to help you manage and organize your process. In this article, we are going to help you by giving you the three most important features to look for in NPO-friendly software.

Managing Donor Database

One of the most important aspects that you need to look for in NPO software is a donor management database. The database will enable you to better engage with your donors and keep all of their information stored on a cloud-based system. Additionally, donor database management will make it easy for your charity organization to track all of your campaigns and view their success rate, and monitor donors’ donations and observe if they are still engaging with your organization or not.

Having a donor database will give you the chance to establish strong and beneficial relationships with your donors. You can also get in touch with potential donors to inform them of your mission to grow your fundraising.

Accounting

Another feature that you need to look for is accounting. Accounting will make it easy for you to manage your funds and track all of your organization’s transactions, profits, and expenses. According to reviews on Aplos Nonprofit Accounting Software, an accounting feature will help you recognize your income tax-deductible, manage sponsorships, and easily track all forms of your organization’s income. This feature is essential in order to keep accurate records of your finances. As a non-profit organization, you will need to report your financial transactions to the government without any mistakes or you will lose your non-profit status.

Scheduling and Planning Events

Most donations depend on fundraising events, therefore, you will need NPO software that provides you with features that will make it easy for you to schedule and plan events for your charity. Additionally, you can use this feature to contact the people who will attend the event, market it, and handle registration.

Fundraisers attract donors and help you collect donations as well. However, these events can be overwhelming at times which is why you will need an event management feature in your NPO software that will make your job much easier and enable you to throw a fundraiser efficiently. Fundraising software can greatly aid this process by providing specialized tools for managing and executing successful fundraising events.

Running a non-profit charity organization isn’t easy. There are many things that you need to take care of like donations, attracting donors, keeping track of your finances, and throwing fundraisers. Human error is possible in any of these cases and can have serious consequences. Opting for NPO-friendly software will guarantee that all operations will run smoothly without any glitches. Additionally, the software will handle tax deductions for your organization so you won’t face any legal problems.

How to Use AI Technology in Your Business

Posted on December 8, 2021 by Francis Brown

There’s no doubt that artificial intelligence (AI) is changing the way businesses operate. But what does that mean for your business? Here’s a look at how you can use AI technology in your business and what benefits you can expect to see.

Use AI to Improve Operations

Artificial Intelligence can significantly increase the efficiency of your business if it is properly implemented. Remember that not only do businesses fall under different industries and categories but even businesses under the same category have varying workflows and operations. For this reason, AI development services work closely with their client businesses to deliver customized solutions. For example, by using AI as a virtual customer service agent, you can free up staff to focus on higher-value tasks. In addition, for an e-commerce store AI chatbots can be used to automatically answer commonly asked questions and direct consumers towards products that they might not have otherwise considered. This will help drive additional sales and improve overall conversion rates.

If your company offers a product or a service that’s in demand right now but soon won’t be due to changes in technology or other factors, you need the ability to pivot quickly. You may find AI training helpful in getting certified experience using AI tools for your business. With AI systems constantly monitoring various data sets, they can easily notify you when things change so that you can respond accordingly before your entire business model becomes obsolete.

Use AI to Generate Insights

The insights generated by artificial intelligence can help you make more informed decisions about your business. For example, if you run a retail store, you can use AI to study customer behavior and preferences. This data can then be used to tweak your marketing strategy, product offerings, and even the layout of your store in order to boost sales.

AI can also be used to analyze financial data in order to identify trends and forecast future performance. Incorporating this into your AI business plan can enhance your strategic planning. This information can be used to make more informed investment decisions or help you adjust your budget in order to stay profitable.

Use AI for Personalization

One of the advantages of using AI is that it allows for a high degree of personalization. With conversational AI technology, businesses can provide a conversational experience to customers that is tailored to their specific needs. By enabling users to have an interactive conversation with the AI system, companies can gain invaluable insights into customer preferences and behaviors.

This means that you can tweak your product offerings and services to better suit the needs of your customers. For example, by using AI chatbots on your website, you can direct customers towards products that they’re more likely to buy. This will increase sales while also helping improve overall conversion rates.

In addition, AI systems have a high degree of accuracy across a broad range of data sets which means that they can measure customer behavior with a high degree of precision. With this information, you can fine-tune everything from advertising campaigns to promotional strategy in order to boost revenue and maximize profits.

Create Intelligent Products

AI is now being used as an integral part of research and development into new technologies such as robotics and self-driving cars as well as other machinery. By using AI to develop these products, you can create machines that are capable of making their own decisions and solving problems on their own. This will allow your business to stay ahead of the curve and remain competitive in an ever-changing market.

Use AI to improve customer service

There are many ways that AI technology can improve customer service in businesses, and it is a tool that should be seriously considered by all companies. First of all, it is important to remember the basics when thinking about how AI can improve customer service. Customer support can always be much better than it currently is if using AI technology for three very simple reasons:

Customers are not always satisfied with their experience. Be proactive and resolve issues before they arise with an automated system that constantly monitors customer service metrics. A great example of this was provided by American Express, which partnered with IBM Watson to continually monitor activity on its credit cards via social media postings. This allowed them to immediately identify issues – such as fraudulent transactions – before they become serious problems. Imagine how many customers’ days were made when their transactions were blocked before they could be hacked.

Intelligent agents can identify the root cause of customer service issues and create solutions that work in real-time. This provides a dynamic process that is not static like current systems.

AI has the ability to anticipate customer needs before they even realize these needs exist, providing an unparalleled level of service.

Use AI for Marketing

There are various benefits of AI in the marketing world. For example, you can use AI to collect data about customers and their preferences. This information can be used to create targeted marketing campaigns that are relevant to individual customers. Additionally, AI can be used to automate the process of selecting the best marketing approach for each customer. This technology is beneficial for understanding consumer behavior in order to make things simpler for marketers to target specific audiences with individual ads. This is the advantage of using machine learning systems that offer quick cost-effective solutions.

AI can also provide complex analytics that assists in determining what type of advertisements are most successful with certain individuals or groups. Content-based algorithms analyze various factors such as word choice and sentiment in order to determine what someone finds funny, serious, sad, etc., about a particular topic.

Another use of artificial intelligence is detecting fraudulent traffic on websites which are referred to as “clickbots.” These clickbots look like normal website visitors but their actions don’t help advertisers get more exposure for their products. AI technology can equip businesses with countermeasures to stop clickbots from interfering with their site traffic by adding CAPTCHA and reCAPTCHA features.

In conclusion, there are many ways in which artificial intelligence can be used to improve the efficiency and performance of your business. By utilizing AI technology, you can gain a competitive edge over your rivals and stay ahead of changes in the marketplace. So if you’re looking for a way to improve your business, consider using artificial intelligence as a tool to help you achieve your goals.

Accelerating Digital Transformation in the Next Normal – How to Grow Your Businesses Using Technology

Posted on December 1, 2021 by Stephen Marshall

Disruption has steadily transformed the global corporate environment over the last decade. A perfect storm of disruption has been generated by the convergence of numerous critical aspects, including worldwide accessibility and connectivity online, unprecedented computing power, boundless storage capacity, and inexpensive technological manufacturing costs.

As a result, technological advancements have accelerated, and the new rules of the digital economy have modified long-standing principles about how to communicate with consumers, produce and promote products or services, run a firm, and earn money.

What Is the “Next Normal”?

The coronavirus pandemic has caused a slew of unexpected changes in the global business environment this year. Never before in modern corporate history has there been such a high degree of digital adoption as we’ve seen in the last year. Consumers quickly moved to internet and e-commerce platforms to purchase products and services as the globe fell into lockdown. Furthermore, shoppers prioritized critical purchases like groceries and healthcare supplies above non-essential purchases or brand preferences.

Companies also had to deal with the significant transition to remote work, which required a large portion of the worldwide workforce to work from home. Because many businesses had functioned under the assumption that physical presence was the main or major operating paradigm, few were prepared for such a scenario, let alone be able to provide smart office solutions. To maintain productivity in the digital collaborative environment, businesses have to immediately upskill or reskill their staff.

There are some companies that have understood how to tackle this situation and proceeded to use this remote working environment to upscale their business. Hiring a virtual assistant, for example, is now a choice many entrepreneurs make instead of going for an in-house assistant that would be required to work from home as well. This is a much more affordable option, as virtual assistants are able to do almost everything a traditional assistant does, the only difference being that they work from their home.

In this environment, strategic company transformation through digital technologies has become crucial to retaining a competitive and resilient market position. The following are three practical measures that businesses may take to expedite digital transformation and win in the “new normal” business environment.

Understand Your Current Position

Before you design tactics to get you where you want to be, you must first understand where you are right now. When pursuing a digital transformation, this health check may help you analyze strengths, weaknesses, pain areas, and roadblocks.

In order to assess an organization’s digital health, three essential components must be considered: market trends, the company’s existing technological landscape, and the company’s skills, capabilities, and products.

To perform your own evaluation, form an internal task force or a small cross-functional team to do research and gather information in these areas. Consider several variables while examining emerging trends, such as changing consumer habits and tastes, new technology and their potential influence in business, and the changing competitive environment, such as industry-changing startups.

To avoid becoming bogged down in too much research, the assessment team should run a quick scan of a wide variety of trends before diving deep into a few areas that might have a significant influence on the company. Focus on connecting market trends or future prospects with the company’s internal capabilities once the evaluation study is completed (i.e., what the company can realistically deliver in the next few years).

Find Disruptions in the Customer Journey and Tackle Them

Analyze your customer journey to find gaps in contact points and interactions that may have an influence on the customer’s experience with your company.

Furthermore, concentrate on identifying moments of truth in the client journey where your organization has the potential to leave a lasting impression. “Moments of truth” are described as interactions with your brand, product, or service that cause a consumer or user to create or modify an opinion about your firm. Concentrate on identifying micro-moments where you can connect with clients to strengthen the bond.

Customers can be engaged in a variety of ways through digital and internet platforms. Other excellent digital solutions are now simple to adopt. For example, there are a plethora of AI-based virtual assistants and chatbots on the market today that are both cost-effective and simple to adopt, yet have a significant impact when done correctly. Companies may use these to boost customer engagement and fill in the gaps in the customer journey with value-added interactions.

Use Technology to Reshape Your Business Model

Companies have been able to create a variety of new business models and income sources thanks to digital technology. Many digital native startups have been able to quickly disrupt established corporations by leveraging these digital-first business models.

Netflix, for example, has drastically transformed how moviegoers access and consume content. Netflix also benefited from the coronavirus outbreak because people resorted to internet streaming as an alternative to going to the movies or watching television. Netflix’s subscription-based business model, on the other hand, has proven to be more sustainable than that of some other younger streaming services, such as Quibi, which was forced to close in the past year.

Companies should analyze their strengths and skills and link them to evolving market demands to uncover pivots that will offer new income possibilities in the next normal to survive and grow. Companies must, however, ensure that pivots are aligned with long-term strategic goals.

As businesses navigate the “next normal” business landscape, which is characterized by quickly evolving consumer trends and new working patterns, digital solutions may help them gain a competitive edge and achieve long-term success. Given the limited capital, time, and resources available to most organizations in the present economic environment, it is vital to focus on the proper activities.

To win the new normal, business leaders should be encouraged to experiment with novel ideas and make the most of digital technology. Most of the time, it does not require a lot of financial investment, as some companies fear, but rather commitment and time.

Why Collaboration Is Key in Complex Tech Projects

Posted on December 1, 2021 by Boris Dzhingarov

As a team includes people with increasingly specialized skills, collaboration becomes crucial as it allows the whole team to take advantage and make the best use of everyone’s strengths and specialized skills. We all collaborate in one way or the other, most times without knowing it, although everyone understands that working together is a key component to a team’s success. It is, therefore, worth taking the time to explore why collaboration is so important.

It Helps Keep Projects On Track

A key component of getting tech projects completed on time is ensuring they are on track all the way through. When using the right collaboration tools, project managers and team leaders can ensure everyone understands what should be done, when it should be done, and who is responsible for various aspects of the project.

To make things easier and to keep everyone in the look, teams can use a diagram maker to create action plans, bring changes and alterations together in one place, ensure everyone understands the project, its scopes and tasks, and take action depending on the various action items added during the diagramming process. By doing all the above and when used to its full potential, a diagram maker becomes an important tool that helps combine the diagramming process and collaboration to keep complex projects moving forward as expected.

It Helps With Problem-Solving

Everyone gets stuck on one thing or the other from time to time. It often happens that you face a problem, try everything you know and every solution you have, and the problem still remains unsolved. You then run out of ideas and are left with a looming deadline that you do not think you will meet.

While taking some time away from the situation and trying another approach later, the best course of action, in this case, would be to ask for help. You might call up a colleague and set up a brainstorming session for a few minutes to talk through the problem you are trying to solve.

The ability to collaborate with people in this way in the middle of complex tech projects, utilizing your combined skills, knowledge, and expertise is the key to successful teams. Team leaders and project managers should not let collaboration be the last resort, as they should ingrain it into their teams. The more people a team member can reach out to at any time, the easier it becomes to spot potential issues and to find solutions to issues easily and as early as possible.

Collaboration Brings People Together

When working on a complex project, the worst thing a team can do is operate in isolated silos that hinder collaboration. Instead of operating in this way, project managers can form teams of people with different skills. These can include developers, user experience designers, writers, and graphics designers to tackle a complex project together.

Forming teams composed of people with mixed skills works out best for complex projects because these usually require people with diverse skills, varied perspectives, and different areas of expertise.

When different people are set up to collaborate in this way, they have a shared purpose between them, and these connections and shared purpose will help with other complex projects in the future. The point is that collaboration achieved through putting together a mixed-skills team is not only good for the project, it is also great for breaking down walls and barriers in the workplace and forming connections that will be crucial in the future.

Collaboration Helps Reduce Project Complexity

While it may seem that a project is quite complex because it has only a few people working on it, allowing more people to come in and collaborate on the same project can reduce its complexity. With more people working on the project, the project can be divided into mini-projects and tasks where each is tackled by the person with the most skills and expertise in that area.

By dividing up a project like this, other members of the team do not have to deal with the complexities of the other parts of the project. This reduces the mental load of thinking the project is a complex one, it simplifies it and allows everyone to use their strengths to ensure the success of the project.

It Allows For The Transfer of Skills

Savvy business owners, project managers, and team leaders are always looking ahead. They want to know that complex projects in the future can be handled by people with the right skills. A team cannot complete a complex tech project without some knowledge being shared across the different team members.

When people with different skills, experience, and expertise are brought together to achieve a common goal, opportunities for coaching, learning new skills, and the improvement of the whole team and organization appear. Every good team has at least one person who is good at one specific thing and they can share their knowledge so they can contribute to the future success of the team and business.

Collaboration in complex tech projects is not only about ensuring the project is completed in time and according to set specifications; it is also about looking into the future. Allowing collaboration today can have positive ramifications for a team and the overall business in the future.

Why Building Reports with SQL is Ideal for Businesses

Posted on November 30, 2021 by Alex Sanders

Are you collecting data for the purpose of making better business decisions? No matter how much data you collect, you still need to process and build reports from what you collect.

Building reports has traditionally been a complicated process, but it’s easier today with SQL report builders like datapine. For instance, you can run reports quickly without relying on your IT team. You don’t even need to know SQL – the interface is user-friendly and simple.

If you’re not familiar with SQL reporting, keep reading to find out why it’s ideal for businesses.

What is SQL Reporting?

SQL reporting, also called SQL Server Reporting Services (SSRS) is a server-based reporting application that processes data stored in a database. Since SQL can be made user-friendly, SQL reports can be created by employees and managers with no technical experience.

SQL (Structured Query Language) is a data management language that makes it easy to access data stored in databases. It’s not a programming language like PHP or Python, but rather, it’s more like HTML (Hypertext Markup Language) as it’s designed to provide a simple solution.

What Kind of Reports Can Be Run With SQL?

SQL reports are highly agile. You can run any kind of report, including:

Profitability reports
KPI reports
Management reports
Expense reports
Industry reports
Labor-related reports
Sales reports for special promotions
And more

All you need to do is define a set of goals and SQL reporting software will do all the heavy lifting.

All of your reports are easy to export to various formats, including PDF, HTML, CSV, XML, and TIFF.

SQL Server Reporting Is Better Than Crystal Reports

Some people might remember Crystal Reports before it was phased out. While both reporting processes are similar, there are several differences. Before user-friendly interfaces were created, Crystal Reports were the simpler of the two options.

Now, SQL reports have actually surpassed Crystal Reports in terms of flexibility and features. Companies have made SQL reports more user-friendly while maintaining the ability to build complex reports. If you’re looking to enhance your database management, consider exploring options to convert Access to SQL Server.

Security for SSRS is more granular, which means you have more options to secure each folder. Security should always be a top priority.

The biggest difference is the price. If you want to run your own SQL reports, it’s free with a Microsoft SQL installation. However, Crystal Reports requires a paid license and you must pay for run times on every client.

While there are some diehard fans, Crystal Reports just don’t match up to SQL reporting. If you don’t make the switch, you’ll miss out on the ability to organize, sort, and personalize your data.

SSRS Can Be Used to Create a Reporting Portal

If you want to display your reports in various applications, that’s easy with SSRS. Say your goal is to provide employees with easy access to data. You can centralize your company data into just about any business application, including your company’s private network.

You can even display data in client reporting portals if you want to keep clients up-to-date with information pertaining to their project.

3 Tips for Making the Most Out of Your SQL Reports

Although SSRS is a wonderful way to process reports, the integrity of your reports will depend on the data you crunch.

Here are 3 quick tips to make the most out of your reports.

1. Only Collect Data You Know You Can Use

Don’t get overwhelmed with minutia. If you wanted to, you could collect an unlimited amount of data, but if you don’t have plans to use that data, it’s useless.

Collecting data you won’t use is a waste of time, company resources, and precious space in your database.

Before collecting specific pieces of data, create a plan for how you’ll use that data. Will it be part of your decision-making process? Will it affect the way you handle your sales calls? How will collecting that data factor into your business decisions?

If you’re not sure how you’ll use the data, consult with a third party to see if it’s necessary.

2. Make a List of All the Metrics That Drive Your Business Decisions

Rather than starting by collecting all data, start by making a list of metrics involved in your business decisions. Then, start collecting data related to those metrics.

3. Focus on the Metrics That Matter

Too many metrics is a sign that you’re unclear on your priorities. Focus on the metrics that matter most. It’s much easier to correlate data and make good decisions when you’re measuring fewer data points.

SQL Reporting Will Help You Make Better Decisions

Whether you’re new to SSRS or you’ve done some dabbling, you’ll be amazed at how much better your reports will be using this wonderful reporting tool.

Should Freelancers Buy New or Refurbished Laptops?

Posted on November 29, 2021 by Boris Dzhingarov

The first thing you need to think about when you want to start freelancing, besides the types of services you will be offering, is the computing device you will be using. Most of your work will be done on a computer, and so it is important to think about the type of computer you would like to buy and that will fit your use cases. When shopping for a laptop, it is common to hear the term “refurbished” or “refurb”. What are refurbished laptops, and how do they compare against new laptops?

Refurbished Laptops: An Overview

A refurbished laptop is a laptop that has been returned to a retailer or manufacturer for a variety of reasons. The retailer or manufacturer then takes these laptops apart, checks them, and ensures everything is working like it would in a new laptop. The major testing these laptops undergo before being put back on store shelves is what differentiates them from used laptops.

When Buying Refurbished is a Great Idea

One of the most common reasons why a laptop is returned to a retailer or manufacturer is cosmetic defects. This means there is nothing wrong with these laptops and after undergoing the required checks, they are often sold for a lower price than new laptops.

This means it is possible to buy refurbished laptops that are essentially new at a fraction of the price of a new laptop of the same capabilities and specifications.

As a budding freelancer, you can shop online for refurbished laptops that have the specifications you are looking for, and you might find them.

Availability

One downside of going with the refurbished option is that stock might be limited depending on the retailer and the specific model you are looking for. If you are looking for a specific laptop model, you might have to reach out to a manufacturer directly and see if they have a refurbished option.

A common solution to this is choosing a refurbished laptop that has the same specifications as the one you are looking for, even though it may not be the exact model you need.

Warranties

Another huge difference between new, used, and refurbished laptops is the warranties offered for them. With used laptops, you do not get any warranty or quality assurances, and so you have to rely on what the seller tells you.

With refurbished laptops, you usually get a limited warranty. This is typically a fraction of the period offered by a retailer or manufacturer for a new laptop. However, even with these shortened warranty periods, you can expect the laptop to last almost as long as a new laptop due to the quality checks and assurances.

New laptops come with a full warranty. This is because they have been fully tested from the factory, and thus the retailer or manufacturer is completely sure about their projected lifetimes.

If you have the money, buying a new laptop is the best option. However, refurbished laptops are a great option if you are strapped for cash. They have been checked to ensure they perform as expected and come with a warranty, even though it might be limited. It would be a bad idea to start your freelance career with a used laptop unless you have a very small budget and trust the seller completely.

How to Rebound From a Bad Sales Month

Posted on November 23, 2021 by Nikki Gabriel

A bad sales month can be extremely discouraging for new businesses or any business for that matter. The reality is that sales will ebb and flow, and your business should be optimally prepared for drops in revenue and potentially have other lines of income to keep yourself fortified in a pinch.

Your slumps in sales are ultimately learning opportunities and chances for you and your team to take stock of what has worked and what hasn’t worked when it comes to pushing your sales beyond the goals you’ve set for yourself. Maybe there is a key way you can adjust your sales plan, or set your goals to be more realistic in your reach.

Running a successful business means not giving up when things are slow, and being realistic about what you can achieve and in what timeline would be appropriate for a business your size. There is no reason to aim towards goals that older, more established businesses are able to achieve. Businesses that stay in the game by being smart about their goals and sales plans will move up in their industries in no time, it’s all about being patient and realistic with yourself and your team.

Adjust Your Sales Plan

The first thing to do when you run into a bad sales month is to review your sales plan and adjust it accordingly to meet the more realistic expectations for your company. “Rebound from a bad sales month by adjusting your plan,” said Sabrina Pereira, Head of Growth Marketing at Easy Standard. “Go back to your sales plan and review it. Find what you missed from the previous month and recalculate your plan for the next month. This includes identifying the key drivers of your forecast delta and aligning testing plans to solve for that. Plus, you can distribute the shortage over a few months and bolster your sales plans for the next few months.” This is of the utmost importance and should be done as soon as possible after your sales report comes in.

Changing and adjusting your plan is also an opportunity to set more realistic goals for your company for the foreseeable future. If your goals are too high, you may find yourself feeling strained to meet unrealistic expectations. “Review your plan so you can set more realistic goals for the future. Part of being successful is setting yourself up with goals you know you can meet. Then, you can start to aim a little bit higher each month as sales flatten or increase,” said Dylan Fox, Founder and CEO of Assembly AI. Starting small is a key factor for any blossoming business. It sets you and your company up for success and will motivate your team to work towards setting higher and higher goals.

In addition to adjusting your sales plan, businesses should also take stock of what they can control and what they can’t. You can draw people in, but they make the final decision to buy in or not. “Be real and honest about the things that you can control rather than the things you can’t. For instance, you can control your brand’s outreach and marketing practices but you can’t ultimately control whether customers will choose your service. Simplify your website content and make it as easy as possible for customers to sign up for your service to increase your sales,” said Jae Pak, Founder of Jae Pak MD Medical.

Learn From Failure and Go For Smaller Deals

In the grand scope of things in business, setbacks and sales slumps should be seen more as opportunities rather than failures. “Try not to look at sales slumps as failures, they are in fact learning opportunities for the future. Many times, these slumps are due to conditions that may be vastly out of our control. Use this as an opportunity to learn more about your industry and market trends to help predict your sales in the future,” said James Ville, Chief Product Officer of GunSkins. If you can shift your perspective and see the value in scaling back your goals to meet your capability, you’ll set yourself up for a more positive approach to solving these problems.

You may find that the deals you were seeking might have been too ambitious for your company as it currently exists. Smaller deals help you build connections and expand your business network. “Sometimes a bad sales month can be an indication that you need to scale back your goals and look for smaller deals you can make to help fortify your business and set yourself up for success,” said Scott Sonneborn, Co-Founder of Tydo. “Aiming too high can result in a lower return. It’s true that the higher the risk the greater the reward is, but the opposite is also true. The fallbacks from big deals can be much larger as well.” The amount of risk you can take on depends on the age of your company and your history of success with smaller deals and goals.

Meet With Your Team

Consult your entire team as soon as possible following your low sales results. “Have team meetings immediately afterward to brainstorm ideas. Keep the meeting as upbeat as possible,” said Jean Gregoire Founder & CEO of Lovebox. “It’s best to not dwell on why your month was poor, but instead, focus on ways to improve the following month. By working as a team, you’ll have a better chance of coming up with fresh ideas that will propel you forward.” This will promote a solution-based attitude at your company rather than getting stuck in a slump after getting bad news. “You need to keep your team positive to make sure you keep your productivity up,” said CEO of Package Free Shop Lauren Singer. “Positive reinforcement is especially important during these moments when tensions may be high and emotions fragile. Focus on what went well rather than what didn’t. This will help you combat future issues.” Seeing the positive can be difficult, but it’s always going to lead your team to better results than focusing on the negatives. “It can be difficult to see the positives in a month that fell short, but being able to see what was working will help you and your team both recover and make a plan for the next month. Don’t just focus on why your sales were lower, focus on what made the sales happen that you did make,” said Kashish Gupta, Founder and CEO of Hightouch.

This also gives your team a chance to provide feedback and be honest about how they think things could improve. “Ask for feedback from your team, and encourage honesty,” said Ryan Rottman Co-Founder & CEO OSDB. “Your employees and sales team will likely have proactive and topical ideas about how to improve customer relationships and increase your rate of conversion. Don’t dwell and try to solve issues on your own, involve your team to help you come to the best solution.” This will show how valuable you find your employee’s opinions and create trust between management and the sales team that they can solve issues together.

Plan For Slow Months

Part of changing your business plan should be expecting that some months will be slow. At certain times of the year, the state of the economy and many other factors can go into sales spikes and slumps. “Any business is sure to experience highs and lows, try to see these challenges as positives, it means that you are in business and doing everything you can to stay afloat. Trust your instincts and learn from the challenges you face,” said Jared Hines, Head of Operations Acre Gold. Holiday sales spikes and post-holiday slumps are something that all businesses should be expecting as well. “Certain times of the year will yield higher sales results, such as the winter months,” said Katie Keirnan, Co-Founder of Nue Life. “People are buying more for holiday gifts and it makes sense to see a sales spike during this time.

Use these moments as opportunities to prepare for inevitable sales slumps at the start of the new year.” Your surges in sales should help to fortify you through the slower months of the year, something that businesses should be folding into their business plan. “Use your spikes and slumps as ways to predict the cash flow in your company,” said Joe Thomas of Loom. “This way, you can use additional funds from those surges to keep your business operating smoothly when things slow down.”

Rebounding from a bad sales month relies on a solution-minded team with management that can see the benefits in the ebb and flow of sales. This is ultimately an inevitability that every business faces, and how you deal with it will define how your company succeeds in the future. If you can’t be flexible and change up your plan, you will likely fall short of your competitors in the long run. Adjust your plan, meet with your team and plan for the future to ensure your success in your industry.

Why Strong Brands Are Important in a Digital World

Posted on November 22, 2021 by Fredrick Francisco Stougaard

A brand is everything that a customer sees and experiences when they interact with a business. A customer’s first impression includes how the staff welcomes them, what can be seen on social media websites, and what the story behind the business is. It’s basically how the customer perceives your business.

When a consistent message is conveyed, a brand is created. From the website to the logos and social media profiles, it tells the story behind the company. There should be a consistent branding strategy, regardless of how the customer is introduced to the business whether it be through the website after doing a search, or through a link shared by a friend. Using appropriate tools to generate a very unique business name does a great trick here.

You’ll find such a tool at www.biznamewiz.com. Here, you can read more about how the generator works, why it can be a great source of inspiration in the naming process, and you can learn more about the importance of a good name for your branding process. It is feasible to bring in more clients as well as develop repeat customers with good branding for a firm. However, the execution of great branding requires knowledge of what brands are important in a digital world. Stay tuned to learn more!

Brand Definition

A company’s branding must be defined before it can begin to create a consistent message across all media. They must evaluate the company’s mission, the advantages of its products or services, what customers think of them now, and what they want customers to think of the company in the future. All of this helps establish the business’s individual branding, including what colors to use on the website or in logos, how to design the website’s layout, which social networking networks to utilize, and more.

It is not easy to define a company’s branding, and it will take some time. There are so many reasons to use agencies when trying to define your brand.

Consistency

When a company’s brand is defined, it becomes consistent. The same visuals will be used on websites, packaging, social networking sites, and everywhere else. Even if two distinct items are being advertised to clients, the packaging, colors used in the products or packaging, the purchase form on the website, and other visual elements will all be aesthetically similar and send the same message to buyers.

It is possible to ensure that everything, from websites to social media to advertisements and more, is consistent and geared to attract targeted consumers through branding. There are now optimized methods to achieve this consistency across all devices.

You want to make your online presence user-friendly, eye-pleasing, functional, and to include some relevant images to interest people. You can also replace the photos on your website with short, interactive videos – they work wonderfully. Remember to remove images from Google search that do not match your brand vision, and do nothing but build bad brand reputation.

Peculiarity

Another important brand is standing out from the rest of the flock. When people are seeking a product or service, it’s far too simple to go under the radar in today’s digital environment. Businesses can compete even if they are located on opposite sides of the globe, so finding a strategy to stand out is critical.

Standing out is an important aspect of brands because it attracts customers and makes them see reasons to stick with your brand ahead of competitors.

How To Start a Business in a Digital Industry

Posted on November 22, 2021 by Fredrick Francisco Stougaard

Thousands of businesses are popping up every day and more and more people are delving into the digital industry. Detailed information on the number and progression of startups has become one that almost everyone now picks interest in.

In an article from The Times, it is highlighted that a new record was set in 2020 when it comes to company registrations with close to 85,000 new registrations, many of them being digital companies. A digital business is one that sells to clients and runs its day-to-day operations using technology, and unlike “normal” businesses, a digital business takes less time to start up, at least in some areas. Digital firms employ technology to not only automate their day-to-day operations, but also to provide new value to their business models, customer experiences, and internal capabilities.

Offering telemedicine services, providing customers with a virtual shopping experience at retail establishments, and establishing a remote workforce are all examples of this. Digital firms include Amazon, Netflix, and Uber, to name a few.

Building a digital business has never been easier thanks to the abundance of free SaaS solutions. However, in order to have an agile digital core, you must carefully consider the nitty-gritty of developing your digital business model. Read on for tips on how to get started.

Prepare a Great Business Plan

To establish a business, you’ll need a detailed business plan. What your business is about, who will run it, what your goals and vision are, and how you plan to achieve them should all be outlined in your business plan. You can easily generate a unique business name after deciding on all the earlier mentioned details here: www.businessnamegenerator.com. Include information on your finance options, marketing tactics, target customers, and unique value offer. Also, specify whatever digital activities you want to employ in order to achieve your objectives.

Create a Digital Marketing Strategy for Your New Company.

A strategy is a written statement that describes “why” and “how” you intend to achieve your objectives. Developing buyer personas, designing customer journey maps, and creating a brand story are all steps in developing your digital strategy.

Your strategy document should also include information on how you intend to use technology to reach out to potential customers and run your business. If you need help, you can always look for an experienced marketing agency to guide you. Reliable agencies can offer valuable expertise and insights about how to approach digital marketing for your business. They can help you create an effective strategy that considers your specific needs and objectives.

Key components of your strategy should include Digital Presence, communication, and workflows. For instance, using the right tool to ensure uniformity and sync across all devices.

Diving into the digital industry requires more than just a great idea and determination; you also need a good foundation. Legally forming your company goes a long way in providing this foundation. Consult the best LLC service for accurate, timely, and trustworthy advice, giving your digital business the best chance for long-term success.

Using the Correct Tech Tools to Create a Solid Digital Core

Successful digital organizations invest in scalable, adaptable IT solutions that allow adaptation to the evolving IT landscape. This contributes to the development of a solid digital core, which comprises an IT infrastructure that positions your company for long-term success. As a result, to develop a successful internet business, invest in the appropriate technology and tools.

Tools you need include a business website, social media, an eCommerce website, and emerging technologies like Blockchain and Artificial Intelligence.

Digital Talent Should be Hired, Trained, and Retained

Hiring talent with essential digital capabilities like cloud computing, machine learning, analytics, and automation is difficult. Employers are competing fiercely for people with DevOps, cloud, automation, data management, cybersecurity, and customer experience capabilities, according to a report. One of your top priorities should be to hire people with the digital abilities you’ll need to establish and maintain your company.

Tips on Using Circles in Web Design

Posted on November 22, 2021 by Herbert Merrick

Circles in web design is an art and getting tips is invaluable. Web Design takes a great deal of discipline to go with the flow of trends and principles. There is one design that often pops up and has grown in popularity and that’s the circle. It’s time now to sit down with your web designing company and discuss the possibilities.

You might wonder why the simple circle would be considered a design trend, but in reality, circles are used quite effectively on any website for a number of reasons. So, the leading question might be, why the circle and for what purpose is it used in web design? Is there a way to integrate circles seamlessly with your website and current brand?

In case you still don’t have a website or want to update an existing one, it’s best for you to not try doing it by yourself unless your company provides web design services. The best way to solve this would be hiring a web design service that has all the needed specialists, tools, and other resources necessary for high-quality website creation.

Moreover, hiring a reliable and experienced web design agency will help you learn and understand a lot of new things regarding website design and use. It’s best to get your marketing department connected with the web design team for the entire period of the latter’s work on your website, so they can get a better idea of how they can use certain elements, techniques, and strategies, including circles.

Reasons to Use Circles in Web Design

If circles can offer you a world of benefits, how can you use them as a design feature? There are several ways.

While extremely popular among web designers and companies, many people want to know why the circle? One reason, they are highly effective and come with a range of advantages including:

Getting Your Attention

Let’s face it, our screens are rectangular and the grid pattern is standard for consumers to view. Circles, on the other hand, are round which makes them stand out. When you grab the viewer’s attention, you can direct them to different areas of your website or different features. Some important features would include where to click on your Call to Action, or the navigation bar.

Reading Your Text

You might wonder why text sitting inside a circle would draw your attention. It’s because the shape will draw your attention to the inside instead of the outside of the circle. Therefore, if you have a message you want people to see, using a circle might be your best bet.

Emphasis On Text

If you are not aware, there are many websites out there that have circular designs or a circular background for accentuating their text. This approach is very effective because it creates an area of distinction and interest for your visitors.

For Navigation

Circles have become the most popular way for visitors to navigate a website. The internet is constantly evolving and changing. Because it loves mobility, circles have become the chosen child for navigation. On top of that, due to touch screens devices, circles have become favored over buttons making it easier to connect with potential customers. Because the circle is shaped like a fingertip, it entices visitors to press on it.

Logos

Circular logos have become the next great thing. They are neat and essential for a new look for websites. Circles give websites a feel and look of sophistication and a touch of class. Most web designers have said they prefer circular logos making the design the top choice.

Image Framing

If your website supports image framing, you might want to look into circular frames for your smaller images for your web design. The frame should be an accent color to help it stand out. That along with the shape will create an impressive impact on the site’s design.

Image Previews

Round images have proven to be very appealing to visitors and users. These images are very popular for image previews and are commonly used in portfolios. Offering your previews in a cropped circle will direct users and also communicate directly to them. You will not have a cluttered look to the site, instead, the site will look creative and friendly.

Icons

Logos in circular design have become extremely popular in web design. The circular icons are image-based meaning CSS is not needed. There are many web developers that have grown tired of circular designs and feel it’s time to move on to something else. That said, for now, these designs are very pleasing and attractive so the style will probably be around for some time.

Calls-to-Action

Calls-To-Action are critical for all websites and blogs. Please note, if you use circular for both your CTA and for navigating you will have to distinguish between the two. There\’s no doubt that Calls-To-Action will take top priority and well should. Because most web designers are great at visual order, this is merely a continuation of that.

Conclusion

Now that you know why and how you should use circles on your website. It may turn out that you won’t need to use them at all because your site is going to have a different concept and an audience that won’t see any sense in circles. It’s best for you to trust the professional opinion and go with the flow

Why Do Businesses Need to Use RSS Feed Readers?

Posted on November 12, 2021 by Lokesh Jaral

Businesses stand to win from their use of RSS feed readers in their day-to-day work especially when it comes to the realm of digital marketing and research. RSS feed readers have been on an upswing in popularity and are quite the overall powerhouse tools. We’ll discuss this in detail in a minute. But first…

What is RSS?

In case you need a refresher, RSS is the abbreviation of Real Simple Syndication. It’s a technology that makes it easy for users to receive and follow content from many sites in a single application – that’s the RSS feed reader. You use the RSS feed reader to subscribe to a site via an RSS feed.

As soon as there’s a new article published, the RSS feed updates, and when the feed reader crawls the feed pulls the article and loads it. The RSS feed is a simple XML file, which displays the most important information about the posts – title, URL, timestamp, author, and a short summary or an excerpt.

Traditionally, RSS only showed the title and a little bit of text. Once you click on the headline, you’d be directed to the site. RSS readers today display articles in full length and with embedded multimedia files.

Can Businesses Use It?

Absolutely.

RSS feed readers have made the jump into the land of productivity and are excellent for a variety of tasks, ranging from improving your value proposition via social listening to brand monitoring. The applications are varied and the best part is that there are so many options on the market.

You’re bound to find an RSS reader to match your taste and pay relatively little for its features, which is not something you can say for the big tools that promise you the same results. All you need is a bit of ingenuity.

How RSS Feeds Can Benefit Your Business

Identify Blog Topics

Let’s start with something RSS feed readers are known for – handling massive amounts of content and information. As long as it’s written or recorded somewhere, an RSS feed reader will probably be able to read it. That’s quite useful when you need to perform research on what customers would find useful and resonate with, and what current hot topics in your industry are.

RSS readers today are great at recommending content. The Old Reader does so socially through what your friends are reading and liking, and user-generated trending page for articles that have caught the attention of everyone on the reader. Feedly and Inoreader have their own designated areas for content discovery, where you can perform all kinds of searches and dig into topics.

Maybe you’ve stumbled on a great new site that can act as an inspiration. Through Inoreader’s fast Chrome extension, you can identify whether the site has an RSS feed and then subscribe to it with one click.

Get To Know Your Customers

Once you start monitoring your industry for trends, it’s easy to make the transition into monitoring branded words – these would be your brand name, slogan, products, and services. People are talking about your brand, whether you’re tagged in the conversations or not. RSS feed readers make it so easy to tune into conversations and gain valuable insight.

What are the main drawbacks to what you do? What are you being praised for? What do customers also want to see in a product or service from you? What are their concerns about the type of product you sell? All these questions come in handy when you’re workshopping new products or looking to update existing offerings.

Collaborate Better in a Team

At their most basic levels, RSS readers are meant for individual, casual use, but once you get into the higher-priced subscriptions you unlock a lot of team features for collaborative work. Inoreader has an excellent team feature to assist units in organizing their research together.

It’s a trend you’ll see all around major RSS readers. Feedly also has team boards, where you can directly tag team members and then convert the curated content into newsletters. Feeder is another good example of how you can make groups together.

Save Time and Money

In the long run, pro accounts are a smart investment, because you’re able to add a small degree of automation to some menial, repetitive task. It’s distracting and time-consuming to have to open a lot of tabs and refresh websites to check for new articles.

Plus, current readers have nice little tricks. Like sharing articles to social media without leaving your dashboard. Integrate your reader with IFTTT and Zapier and see how you can create chains of triggers and commands to automate your process further. Or command your whole army of apps by getting Netvibes, which is one of the most powerful RSS readers out there.

Understand Your Niche Better

All that research into potential blog content makes it easier to understand where your industry is heading and what’s the status quo at the moment. That’s incredibly valuable in terms of what you want your digital media strategy to be. What are you targeting? What are the keywords you want to focus on for your SEO?

But also you’re seeing trends form, which opens up opportunities for you to better target your ideal customer and give directions for new product development.

Keep Track of Your Competitors

We wrap up with the old faithful – competitor analysis. I’m sure you’ve all heard about keeping your enemies closer. In business, this has never been truer. Following your competitors gives you several advantages:

· Knowing their release schedule and campaigns so that you can schedule around them.

· Adapting what they’re doing right to your brand in order to cater to your shared audience in the hopes of attracting some of their less enthusiastic customers.

· Learning from their past mistakes. Sooner or later every business makes a public mistake, and it’s very useful information on what to avoid in your digital messaging from here on out.

Are Your Business’s Data Archiving Practices Compliant?

Posted on November 7, 2021 by Cindy Cummings

Businesses have more data at their disposal than ever before and the analytics firms are finding ever more imaginative ways of putting it to use. But while all that information can certainly bring a competitive edge, it can also bring big problems and liabilities if it is not handled with care. The SEC is not shy about handing out six, or even seven figure penalties to offenders. Don’t risk becoming just another statistic.

Archiving is mandatory

First, let’s get one thing clear. If your business is subject to SEC oversight, archiving web data is not optional. The SEC sees your website as the main conduit between your business and its clients. But that conduit is comprised of many channels, including web pages, webchats, social media posts and comments, even discussions over platforms like Facebook Messenger. All of this data needs to be archived in a particular way to meet regulatory requirements. Specifically, SEC rules state that it must be in its original format – in other words, PDFs and screenshots are unlikely to be good enough in most cases.

Archiving is different from a backup

A common misunderstanding is that if you already have backup procedures in place, that checks the archiving box, too. Unfortunately, that is seldom the case. Of course, it depends on the type of backup you perform, but most often, this is an emergency copy of your live data, saved in a simplified format and retained for a few days in case you suffer a sudden data loss and need to recover it. Archive data needs to be fully searchable, instantly accessible and retained for 3-6 years depending on the type and nature of the data and the industry sector in which you operate.

No different to paper records

Today, we send emails and instant messages instead of faxes and letters. Even commercial contracts are often finalized electronically. Under the circumstances, it is reasonable that business correspondence we type, even if it’s from our smartphone as a WhatsApp or Facebook message needs to be properly stored in its original form.
It amounts to exactly the same rules that we have lived with for paper correspondence for years, but it takes some getting used to. Obtaining professional support to ensure you are in compliance is a wise investment if you are in any doubt – the alternative could carry a cost, both financial and reputational, that does not bear thinking about.

What is Growth Hacking (And Why You Should Be Doing It)

Posted on November 6, 2021 by Haya Elkeshawy

We live in a world that is full of opportunity, and that remains especially true if you happen to have access to technology. While we can see that digital marketing and everything that comes with it is evolving over time, it feels like there is one thing that gets left out all too often. If you’ve never heard of the term “Growth Hacking”, this article is just for you.

Most people don’t understand what growth hacking is all about, and many of you will claim that it’s merely a buzzword. I used to think the same thing, as I thought it was just another phrase that tech-geeks murmured to each other to seem special. Now that I know growth hacking is real and how effective it can be, I’m just sad that I didn’t get into things sooner.

There’s a difference between digital marketing and using everything at your disposal to grow a company. Some people are content with setting up a few YouTube ads and seeing what happens, but others are genuinely addicted to growing companies.

Is Growth Hacking Just Another Hoax?

We’ve all been through a phase in life where we feel like everything sucks and it’s all fake, which is true for most things in the world. Growth hacking, thankfully, doesn’t fall under that category, and you would know that first-hand if you’ve ever read into it yourself. It’s a concept that seems complicated, but it’s generally quite simple. Your sole purpose in the business world is to grow your company, regardless of what you’re doing.

Every step you make, and every technique being used is done so with growth in mind. The best part about all of this? It makes you a much more flexible person. You aren’t going to be stuck with one industry for your entire entrepreneurial career, and instead, will be able to dabble in a bunch of other things. Doesn’t that sound like fun?

Why Are There So Many “Gurus”?

Like anything else in life, where there is money to be made, there are bound to be fakes. There are genuine gurus like Roy Abou Trabi, and then there are plenty of fraudulent ones to avoid entirely. It’s tough to figure out which ones are just trying to sell you a poorly written eBook, and which ones are genuinely trying to help you grow your business, but there are some tricks you can use.

Read up on reviews that other people have written about their course or eBook, and see how valuable the information they’re giving out truly is. The fact that there are so many gurus alone is a red flag, but it’s quite easy to sniff out the ones that are just going to waste both your money and time.

How Do I Know Who To Trust?

I’m glad you asked! As somebody who has consumed a large number of useless eBooks in his time, I would say that you can tell whether it’s worth it almost right away. There are times where my “scam alert” was ringing like crazy, and I still decided to go ahead with the purchase anyway. It’s a gut feeling at times, and there are other times when a poorly designed website or bad reviews will be the giveaway.

Whatever the case may be, know your worth and understand that you’re giving these “gurus” your time. Not only that, but you’ll be giving them a reasonable amount of money as well, so it’s crucial to be sure that it was well spent.

Growth Hacking vs. Digital Marketing

Digital Marketing

Digital marketing is when you’re facing off against other companies head-on, fighting to see who can retain more customers. It’s a war at times, and there are budget limits, unreasonable targets, and plenty of other resource issues that can make it tough to master.

Growth Hacking

Being a complete addict when it comes to growth and worrying about much more than just the traditional means of digital marketing. You aren’t competing with anyone because you’re too busy competing with yourself.

Which One is Better?

Every successful company will have a CEO that considers themselves a growth hacker, but also have a department that handles the traditional digital marketing path as well. You cannot ignore digital marketing entirely, but you cannot use it to replace the growth hacking mentality either.

The best way to approach growing your business is with a mixture of the two, giving you the flexibility needed to grow your business regardless of what the future holds for us. Many of you reading this will have an opinion one way or the other, but can’t we all just get along for one article?

Grow Your Business with Peace of Mind

You won’t ever have to worry about whether you’re doing “enough” to build a successful brand when you’ve adapted to the growth hacking approach. If you’re not willing to adapt and change your marketing with the times, you’re only going to be limiting your potential.

It’s easy to confuse digital marketing with growth hacking and vice versa, which is probably why the industry is so saturated these days, but that doesn’t mean you can’t decipher things for yourself and benefit from it.

If you are always willing to change and do whatever it takes to grow, be happy! You’re already well on your way to become a certified growth hacker.

Essential Software Your Growing Business Should be Using

Posted on October 21, 2021 by Julia Evans

As your business success begins to flourish, you may find your success comes at a price. As your enterprise inevitably grows, so do your responsibilities, yet the amount of time you have to complete these tasks is only diminishing. It’s at this point that most entrepreneurs and small business owners should consider utilizing a variety of software applications and online tools to help streamline their daily operations, enhance their productivity and keep their business success on track.

In this post, we’ll explore some essential software that your growing business should be using. Read on to find out more.

VAT Software

The pressures of accounting and financial management can quickly become overwhelming for small business owners, especially as your enterprise begins to grow. Whether you have minimal experience in handling company accounts or you’re still scrambling together receipts, expenses and financial reports, VAT software is an essential tool, you shouldn’t be working without. Using VAT software is easy to implement and makes navigating your tax obligations easier, allowing you to submit VAT returns to HMRC effortlessly.

No matter how complicated your VAT return may appear, small businesses can streamline their VAT responsibilities with just a few simple clicks. VAT software will also help you create a digital paper trail, one that allows you to register all your VAT-related actions and activities in one easy-to-manage location, highlighting how much you owe with monthly snapshots and giving you the knowledge to make better business decisions. With the right VAT software application, you can protect your business from penalties incurred through late submissions or inaccuracies in your reports.

Time Tracking Software

As your business flourishes, you may find that the hours available to tackle your responsibilities proficiently begin to diminish, and effective time management becomes an essential part of your working day. This is where time tracking software can help. By highlighting how long it takes you and your employees to complete specific tasks, you’ll be able to use this data to your advantage. By developing accurate time frames that streamline your daily operations, you can encourage employees to make the most of their working day and to meet the expectations of your clients, effortlessly.

Understanding how you and your employees spend your working hours keeps everyone accountable while still providing full control over the working day and maximizing efficiency across your business. If you’re working on an hourly basis, then time tracking software also helps to keep payroll/invoices as accurate as possible.

Customer Relationship Management Software (CRM)

Developing meaningful and beneficial relationships with your clients can drive your business success forward. By carefully managing those relationships and interactions using CRM software, you can also improve those relationships and use them to your advantage. This software provides a central location for all client (and prospective client) data to be collected, stored and updated, as well as building a library of individual customer interactions which can be used to curate unique and specific future interactions that can lead to a sale.

A CRM tool gives your customer service the edge, and can completely transform the way your clients view your business. And as this software is cloud-based, this information can be accessed securely from anywhere – so no matter where your working day takes you, your growing business can maintain strong customer relationships effortlessly.

Communication Software and Tools

As a growing business, you’ll already recognize the importance of strong communication. But as your enterprise continues to push forward, the importance of communication now applies to both external and internal situations. Maintaining strong levels of contact between you and your clients was something you undoubtedly managed via email chains and multiple messages across various platforms, but now your communications approach directly impacts the customer experience and employee collaboration.

Therefore, it makes sense for growing businesses to utilize communication software to improve communication workflows and to keep their employees organized. Tools such as Slack and Skype are perfect for businesses with remote teams, whilst video conferencing/calling applications such as Zoom, Microsoft Teams and even WhatsApp can keep you and your clients in touch and improve the client experience.

Social Media Management Software

A strong online presence is one of the key factors of business success, and while your business is experiencing growth, you must take the management of your social media platforms seriously. SM management software can help you manage multiple accounts, using one login and an easy-to-use interface that helps you move from one platform to another. SM management software means you’ll never miss a notification or an opportunity to engage with your followers. You can also schedule posts ahead of time, freeing up more time for you to focus on other areas of your growing business.

Final Thoughts…

A variety of software and tools can help your growing business continue to flourish. Consider these options above to continue with your success.

How to Start Software as a Medical Device Business step by step

Posted on October 20, 2021 by Edward Roesch

The use of software within medical devices has grown rapidly in the past 40 years. However, we can notice a rapidly growing trend in the last 20 years. The main reason for this is the interest in things and improved coercivity. With broad access to smartphones, enhanced sensors, wireless connections, artificial intelligence, and clouds, every industry experiences changes.

Modern technologies impose drastic changes in healthcare in terms of delivering services. It is crucial to know that medical software is an essential element of medical devices. Therefore, things are about to get better within the industry.

SaMD, or software as a medical device, is a unique product that serves a medical purpose, experiencing immense popularity lately. There is no hardware included in the process, or the hardware has already been subject to improvement. Therefore, the software can quickly receive feedback meant to improve the service. Some of the leading aspects for immense growth are machine learning and AI.

The Basics

SaMD, or software as a medical device, is a special software designed to execute medical functions. It can be a mobile device or software specifically designed to prevent, treat, diagnose certain conditions. These functions can be performed without the use of hardware, which makes the process more straightforward. They can be connected to other medical devices or virtual networks without the use of special hardware.

SaMD Challenges

SaMD is a useful software that has two main functions. Firstly, it uses data to prevent, improve, and diagnose conditions. In addition, the software has a quick feedback-giving process. Lastly, modern technology is subject to improvements and will be updated to suit the emerging needs.

Even though the software comes with a wide array of benefits, there are specific challenges. We know that digital products are prone to changes to suit the current needs of the market. The rapid improvements need to fit with the regulations, clinical efficacy, and patient safety, vital aspects of healthcare. If a software developer manages to keep all the elements, they will succeed in this specific industry. If they aren’t ready to follow the drastic changes while being mindful of all aspects, they will fail.

The software developers should assure patient safety, innovations and get quick feedback. If we follow the TPLC approach, there is a high chance of succeeding. The total product life cycle gathers valuable techniques, such as improved UX, human factor, agile development, up-to-date data, and other implementable methods.

Large businesses should carefully approach this concept. It would be best to get started with pilot programs to see how the operations proceed. In addition, speeding up the feedback receiving process would be beneficial. Some companies will even implement changes in their current quality management system to fit the new practices better. If your quality management system already solves the methodology at the product level, it is considered an ideal base.

How to Start the Business

Just like with any other business, you need to do a deep market analysis. To define a clear marketing strategy, take some time to study the market, consumers, and competitors.

Then, it would be best if you double-check whether your product can be categorized as SaMD. Think about how to do the FDA registration and make a strategy. Next, you should define your software’s features and requirements. After that, you need to plan a developing and testing process according to the already defined features.

You need to determine the architecture, tech stack, and integration. Develop your proof of concept, and finally create the product. Do the trials, register with the FDA, and launch your product.