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Ensure That Your Latest Innovation Gains Traction on the Market

May 11, 2017 at 1:00 am Comments are Disabled

A Group of ExecutivesAs technology becomes an essential part of the human society, the ability to meet consumers’ needs unlocks business opportunities for the discerning minds. Technology is on an upward trajectory and shows no sign of stopping. Many companies have succeeded with their innovative projects.

On the other hand, some companies have hit rock bottom when trying to bring their innovation to the market. In order to succeed, you need to consider a few factors when creating a new product.

Examine the needs of potential users

You need to learn the market before commencing with the research process. For the simple reason that you need people to buy and use your products, you have to consider their needs. Otherwise, you might spend a fortune creating a product that fails to gain any traction on the market. As such, you need to identify gaps or unmet needs in the current market, as well as consumer preferences. That way, you can be sure that your solution solves a particular problem and therefore has a ready market.

Rein in the cost of research

This doesn’t mean you should cut corners or engage in any underhand tactics. Any attempts to shortchange the users can only serve to work against your products and can possibly ruin your reputation. It means that you can find ways to reduce cost by not reinventing the wheel. You can collaborate with companies or service providers working in the same area.

For instance, real-time testing is a mandatory requirement when developing a GPS system. That means you need to tap into a GPS constellation to obtain the navigation data around the globe. CAST Navigation notes that using a GPS simulator can save you time and money.

While bringing innovations to the market is a credible way to grow your business, you need to be smart about it. You must consider the needs of your target market and provide excellent solutions while keeping the cost low.

Proven Tips to Boost Your Company’s Cash Flow

May 9, 2017 at 7:10 pm Comments are Disabled

Small Business Loan formWhether your own a large company or a small business, one thing remains the same. For all companies, cash is king. However, finances are often unpredictable. For instance, you may have a high cash flow now only to experience slow sales in the next couple of months.

Or perhaps, you are expecting great sales in the next few months, but you lack funds to cover your expenses now. Fortunately, there are ways you can improve your company’s cash flow when you need it most.

Tax Loans

Applying for a loan is not beyond the realm of possibilities for many business owners. However, you might find it harder to receive a traditional loan at times. That is where a tax loan can do you wonders. A tax loan can provide you with funds to cover expenses while your profits are low.

They are often easy to apply for and have very easygoing approval terms:

Flexible Payment Options

Try to have as many payment options available to your customers as possible. The more forms of payment you accept, the more likely you are to increase your customer base. Customers appreciate when different payment options are available for them to use.

This equates to more cash flow for you because happy customers make return customers. Happy customers also often spread the word, which means more business and more money in your pocket.

Hire an Accountant

If you find yourself struggling to improve your cash flow no matter what steps you take, hire an accountant to assist you. An accountant can analyse your cash flow to determine where your greatest loss occurs. With the help of an accountant, you can reduce unnecessary expenses and improve your cash flow.

The tips above can make sure your company is financially healthy and, therefore, competitive enough to keep up with the opposition. Every company owner needs to know how to handle cash flow if they are to succeed in the world of business, and the tricks above can help you along.

When to Outsource: 3 Types of Tasks to Outsource

May 5, 2017 at 1:16 am Comments are Disabled

Customer Service Agent

Even if you don’t realize it, there are actually few companies that completely function on their own. Be it a small business or a huge corporation, chances are they are outsourcing a certain part of their operations to a business process outsourcing or BPO company.

Outsourcing services to a BPO company became a common practice among businesses. As with any practice, however, there are pros and cons to using them. The key to maximizing the benefits of outsourcing is knowing when you should outsource and what exactly you should outsource.

Choose the tasks you should outsource

Consider which type of task would be more cost-effective for your business. Learn the benefits of outsourcing a certain task and ensure that the quality of your product or service won’t be affected.

Critical Tasks

There are three types of tasks that you can outsource: critical tasks, commodity tasks, and executive-level tasks. Critical tasks are those that are important to ensure a smooth operation but are not exactly part of the main business strategy.

For example, your business involves selling dairy products. Delivering your products to clients is essential, but it is not vital to your business: your product won’t be affected whether or not you outsource your delivery service.

Commodity Tasks

Commodity tasks, on the other hand, refer to peripheral tasks, such as customer service or cleaning services. These tasks are not necessary for the main parts of the business but are needed to run the business. Most businesses choose to outsource this type of task, as it can reduce unnecessary costs for the business.

Executive-Level Tasks

You might want to consider outsourcing executive-level tasks instead. For many businesses, especially smaller ones, outsourcing executive-level positions such as chief financial officers and chief marketing officers can be a great solution.

Instead of simply outsourcing a single type of task, hiring someone for the position can mean a number of tasks will be operated offshore. Such a move can prove to be more cost-efficient for your business.

Do you want to complete more tasks without expanding your in-house team and spending more on overhead costs? It may be time to outsource some services.

Creative Cooking: Use That Leftover Gravy

May 3, 2017 at 2:53 pm Comments are Disabled

Gravy Being Poured On FoodWhen Thanksgiving is over, but you still have a lot of leftover gravy, you do not have to let it go to waste. Regardless of whether you made your brown gravy with low sodium or added some flavoring into it, there are so many things you can do with your leftover gravy. 

 1. Soup

They might look different, but gravy uses the same base as soup stock. What better way to give flavor to your soup than adding gravy? Add some meat and veggies, and it is a new thick soup that you and your family can enjoy.

2. Pasta sauce

Brown gravy does not only go well with chicken, but it also goes well with pasta. Cook some pasta and sauté some meat, veggies, mushrooms, and sour cream to add more taste and texture.

3. Stew

Save yourself a step and skip sauce making when you whip up stewed dishes. Used the leftover gravy and add your usual ingredients.

4. Poutine

This dish is a Canadian delicacy that is gaining popularity around the world. Poutine is a combination of fries, cheese, and gravy. The cheese melts when mixed with hot gravy making it a perfect fries sauce.

5. Freeze it

Do you still feel lazy doing all these things? Put it in your freezer. Like other leftover meals, gravy can be kept for a couple of weeks provided it is properly stored.  You could also pour it into your ice cube tray and freeze it. Then you could use it anytime as an instant flavoring for your dishes.

The next time you find leftover gravy after your Thanksgiving celebrations, you have other ways of making delicious dishes for the family.  Unleash the chef in you and see how many new dishes you can come up using only your leftover gravy.

Enjoy cooking!

Senior Living Community vs. Living Alone: Which Is Better?

May 2, 2017 at 8:25 pm Comments are Disabled

Happy senior citizens It is never too early to plan. In fact, you do not have to wait until you are too old and sickly before arranging for your retirement. A senior living community or facility in Utah is a good choice for older adults who want to make the most of their lives living in comfort and ease.

However, many individuals are still doubtful if they will someday need to live in an assisted living facility. Most of them believe that when they reach a certain age, they are still capable of living alone.

Which is actually better? Here is a brief answer:

Living Alone

For individuals who want to live alone in their homes, they face doing several household chores. When they are young and active, this is a very easy task. However, for those who are frail, sickly and old, moving around the house can be an issue.

They need to wash their dishes, do the laundry, buy goods in the supermarket and clean the house. When you have reached your senior years, mobility becomes an issue, and the numerous health conditions can hinder you to do certain tasks, even easy ones like personal hygiene and care.

Moreover, living alone means you are in charge of all the maintenance needs of the house. You need to pay for everything, and if you have not saved a lot for unforeseen repairs, you might end up losing your retirement money on just the house alone.

Senior Living Community

On the other hand, living in a senior living community is hassle-free and worry-free. You will not need to worry about the household chores or the maintenance of the house. Moreover, you do not have to worry about housekeeping services, making you relax in your home without the need to move around.

The older adults living in a senior living community can make friends with their neighbors. Since they are all living together, in either apartment units or separate houses, they get to socialize with others. This fosters social and emotional health.

Living in an assisted living or a senior living community is more beneficial for senior adults than living alone. Aside from helping save money, they get services that contribute to improving their quality of life.

Choosing an FBO Management System: What to Take Into Account

April 28, 2017 at 1:00 am Comments are Disabled

FBO ManagementThe aviation industry is one of the most coveted and competitive fields today. It is an expansive field that requires the management of huge projects and a diverse pool of professionals. The daily operations in the aviation industry, from the actual flights to the fixed-based operations or FBOs, are highly technical and precise. These require great skill and talent, as well as the right tools for the job.

With the advancements in technology came the rise of digitalization. Many industries have shifted to automated and digital processes. The aviation industry is no exception. In recent years, cloud-based and full operational solutions became popular. But with the many options in the market today, how can you tell which FBO management system will suit your business?

Schedule Management

In the aviation industry, precision and timeliness are not preferred – they are absolute necessities. Flight delays can cost millions, even billions of dollars. A good FBO system should have a precise schedule management feature, as well as a real-time scheduling option.

It is preferable for the system to have the ability to prioritize activities based on a pre-set list of factors. Anything less would only mean more work and even more hours for the management, defeating the goal of digitalization.

Security Access and Accountability

FBO data is confidential and requires the highest degree of security. It should not be easily accessible. Traditional transactional and operational solutions offer two layers of security through limited keys. For FBOs, however, security must be tighter with restricted remote control access and even more limited access to data. The FBO management system should be able to keep track of the access, complete with time, IDs, and activity tracking.

Database Capacity and Storage Management

Among the overlooked features of FBO apps and systems are the database capacity or storage management and the cloud option. Due to the susceptibility of clouds to a security breach, most companies try to remove this feature. But it is an important feature that allows seamless back-up and data recovery in times of crisis or breaches. There should also be enough database capacity in order to maintain the efficiency of operations.

The options for management systems are limited at this point, but making a definitive choice is still quite challenging. Consider these important factors and you will be able to choose the right management tool for your operations.

Ways Your Company can Benefit from Automation

April 25, 2017 at 9:41 pm Comments are Disabled

Man pointing on an automation signA recent Australian survey indicated that full-time employees are spending more than five hours a week in unpaid overtime. An average of $10,000 a year goes to waste from extending working time, labouring through breaks, and taking work home, among many others.

To cut losses from overtime fees, a company may consider automation jobs to save on time and additional workforce. Companies may increase and find intelligent processes on automation jobs that would have an impact on work efficiency, such as the talent search services offered by tanna.com.au.

Here is a list of benefits your company can gain from automation:

Work Speed

Automation can significantly speed up the completion of business tasks. Automation software has a predefined workflow that can simultaneously complete tasks. Moreover, software can prioritise important tasks, optimise their flow and eliminate redundant tasks. Hence, automation can increase the productive time for the business.

Improves data output

Automation software can gather, process, analyse and make smart decisions from gathered data. This streamlining of information can allow businesses a faster and more efficient data monitoring and analysis. Thus, expect the rapid scrutiny and preparation of reports.

Lessens human error

Human error is inevitable, especially on manual work. Often, automation has smart programs that can check logical error in every stage of work. Hence, you can save time in resolving issues, resulting to more productive work time.

Increased work productivity

Automation can help decrease manual workload through its speed and efficiency. Individuals can then focus and utilise their skills in other productive tasks. A skilled employee partnered with smart software can result in a better work output.

Automation can do tasks like spell checking, calculations, and tabulation and when interpreted by a smart employee, a more efficient work results from the process.

Automation can help your company save on cost by reducing repetitive tasks and increasing work productivity. Companies can benefit from automation for it guarantees intelligent data reports and efficient streamlining of tasks.