What do music, word processors, and taxis all have in common? They are all moving toward business models based on access, rather than ownership—the fundamental principle behind the sharing economy. Rather than having a small group of people owning taxis and driving people around, apps like Uber and Grab enable everyone driving a car to pick up a passenger during their normal commutes. But this idea won’t work in every field, everywhere; certain foundations need to be in place first.
Running a business is an exercise in collaboration.
You have sales and marketing teams to push products and services out of the door. The IT guys ensure the business has the tech infrastructure to support what it does. The HR department manages and takes care of employees. And then we have the finance department to make sure every dollar is well-spent.
Different departments and responsibilities. But everyone works towards the same goal of providing value and generating profit - at least that’s how it should be.
Increased collaboration is an essential ingredient in a high-performing and productive workforce. If your office needs a little boost in collaborative spirit, the following best practices will help you get started.
If you’re in the stages of starting a new business and looking into funding, you’ve probably come across the term ‘crowdfunding’. Crowdfunding is one of the fastest growing methods of funding new businesses and products, allowing you to pitch your idea/product and receive the validation and financial backing you need to get started.
However, be warned that crowdfunding isn’t an easy alternative to traditional funding, it takes a lot of time, effort and planning; three things necessary to launching a successful business.
If you’re ready to seriously consider crowdfunding for your start-up, I’ve put together some tips to help you get started:
When you run your own business, you’ll find that your mind is often focused on your business – how to grow it, how to run it better, how to improve sales etc. Having your business constantly on your mind isn’t actually a good thing and can often lead to stress, burnout and lower productivity levels.
How do we combat this? By practising mindfulness.
The dictionary defines mindfulness as "a mental state achieved by focusing one's awareness on the present moment, while calmly acknowledging and accepting one's feelings, thoughts, and bodily sensations, used as a therapeutic technique."
But what does this actually mean? And more importantly how can you use mindfulness to boost your productivity? Keep reading to find out.
I know what you’re thinking, “Not another New Year resolutions post!” You’re right, they’re everywhere at the moment. We’re three weeks into 2018 and we’re being hit left, right and centre with New Year resolution suggestions for our personal life, work life, family life etc. It’s a little overwhelming.
The thing is - these articles all have a point. The New Year is the perfect time to reassess your business goals and strategies, to reflect on what you learned over the previous year and to implement new ideas that can take your business forward.
Many of you probably heard about Google’s warning prior to their release of Chrome 62 that all websites should have an SSL certificate to prevent their ‘Not Secure’ warning from being triggered and potentially driving away new traffic.
For those of you who have no clue what SSL is, or whether you need it for your website, keep reading!
The only way to ensure that your company will continue to not only thrive, but grow in the future, is to look after your customer base. Learning how to review customer satisfaction levels is an important aspect of your development programme. It will help management tweak long-term plans and goals, implement strategies to improve individual employee performance and help to increase the effectiveness of marketing strategies and direct customer interaction and policies.
Confession time: I live by my to-do list.
Without it, I’d have to sack myself, because I’d get absolutely nothing done. I’d miss deadlines, prioritise the wrong stuff and never make headway on the biggest tasks.
However, just like anyone who relies on a to-do list to get through the day, I know the perils of falling behind.
Unfortunately, it’s not always that obvious when you’re losing ground on your tasks. Often, the degree to which you’re becoming overwhelmed with work creeps up on you unawares.
Today, you can learn from my mistakes, with these five killer signs that you’re over-stretching that to-do list:
The internet is full of dire warnings about GDPR (EU General Data Protection Regulation). Non-compliance will be punished by heavy fines, they say: you’ve got a lot of work to do to reorganize all your data and mailing lists. You’d better pay a consultancy a large amount of money to help you, is the implied message.
How much of that is really true? And how much of it applies to you?
Every year, hundreds of thousands of students graduate from university and seek to enter the working world. With various levels of experience, and a willingness to learn, it can often feel as though business owners and employers have the pick of the lot. However fruitful the number of job seekers may be, it is now the case that businesses are competing with each other to hire and retain capable employees. With large companies having more prestige, and a larger budget to entice these millennials, it can often be the case that small business owners have a lower staff retention rate, as people seek to progress in their careers (and larger companies poach them).