Working From Home and Business Insurance

Working from home is an increasingly popular choice for many people who may have found entering, remaining in or returning to the general job market a struggle. Parents wanting to balance working life with caring for their children are perhaps the most likely group of people to want to work from home, since doing so allows for maximum flexibility.

There is a whole range of businesses that can be operated from home, from will-writing, to copywriting, to ICT support and phone-based sales. Approximately two million businesses are based at home in this country. As well as being flexible, basing your business at home is much cheaper than arranging premises. You may well have to check with your local planning office as to whether or not you need permission to change the use of your home from ‘private dwelling’ to ‘business premises’ but other than that you can make your business fit around your home life without much adaptation.

However, it is important to remember that just because you are working out of the safety of your own home, there are still liabilities and responsibilities that you owe to your customers, the public and any employees. You will need to make sure that you have adequate employer liability insurance in place for all manner of situations that might apply to your business.

Special business premises insurance will probably be necessary to cover the building and contents that might not be covered by your standard home insurance. Indeed, if you are running a business from your home and there is a fire or theft, you might find that your existing home buildings and content policy provider refuses to pay out if they were not informed that you were running a business from home. That’s because running a business from home can increase the risk of theft or fire and your premiums won’t necessarily have reflected that risk. This situation can leave you without a pay-out for any part of your losses, whether or not they were connected to your business.

If you have any employees, you are legally obliged to have Employers’ Liability Insurance (if you don’t, you will receive a hefty fine per day) of at least £5million to cover potential claims made by your staff.

Public Liability Insurance standard cover offers £2,000,000 of cover and as it’s so hard to guestimate what kind of cover you might need, this is a fair level of cover to aim for. Other types of insurance can offer different levels of cover depending on the type of business you’re running and the value of the things you want to insure. So for example, if your business is mainly office-based, you can estimate the value of your office equipment and the time it would take you to replace any lost data. If you keep stock at home (e.g. if you are in sales) then you can easily place a value on the maximum amount of stock you’ll have at home at any given time and buy sufficient insurance to cover it.

You can even choose to take out ‘business interruption insurance’ to cover periods when you are unable to carry out your business but still have overheads to meet like wages.

Even if you get separate business insurance, you must inform your home insurance company that you’re operating a business from home or you might find that your home insurance is invalid. Similarly, check that your car insurance doesn’t just cover you for social and domestic purposes and that it does in fact cover you for business travel.

Finally, if your business involves any kind of expertise offered to clients, you should also get Professional Indemnity Insurance to protect against claims that you have been negligent in the advice offered.

This is a guest post. If you want to write one to place on our blog, please read our guidelines and then contact us!

How to Get Business Financing without Good Credit

A good credit score is often considered as one of the best ways to identify someone’s financial knowledge. It determines whether you can get a loan or not, which ultimately can give you the financing you need to make your business a thriving success! It also shows how smart you are when it comes to dealing with money.

Today, I’m going to speak with you about how you can get business financing even if your credit score is bad. Here are a few tips that you can follow and get a financing for your business:

• Most people assume that their credit score is too bad for a loan. However, before actually concluding that your credit score really sucks, you have to be sure of that it is not worth getting a loan.

Although, it is a fact that a bad credit is not eligible for a loan, no matter what, but it is always advantageous first ensure the status of your credit score.

• If you do have bad credit, then first and foremost, consider separating your personal credit from your business credit. While most financing companies focus on both personal and business credit scores before approving a loan, some companies are lenient and verify only business credit.

This is your chance of gaining the trust and getting the loan approved for your business.

• If you have never taken a business loan before, then it’s great news for you. Why? Because that means you have no bad business loan and it would be real convenient for you to convince the financing companies.
There are several such financers that don’t consider personal at all if you have a no-business-loan background.

• Another easy way to get a business loan is to speak to your family and friends. A lot of times, people get loans from unexpected people including friends, family and even colleagues at times.

The key here is to be honest with your family members, tell them your business idea, explain to them the potential threats, and risks, so that they can take a wise decision. Also, offer them great returns for their investment and help them understand how their investment would be profitable to them.

• What you can also do is – establish business credit. It is perhaps the most logical step for small businesses with bad credit is creating business credit that is independent of your personal credit.

When you do this, you can easily apply for a business loan without being asked about your personal credit score. However, the downside of this step is, it can take a couple of years for you to establish one.

You might want to start with small loans first. When you do that, gradually, you’ll have a great backup to support your claim for the loan.

• There are many non-bankers lenders that offer micro loans to others at a nominal interest rate. These loans are typically between $5000 to $25000 and are often given with a minimum of 2 years and 10 years of installment options.

A few of such micro lenders are mentioned below:

Accion
Zopa
America One Funding

You can always get to any of these or such companies and apply for a micro-loan.

Till now, we were only focusing on how to get financing when you’ve a bad credit. Let us now focus a bit on how NOT to take a business loan when you’ve bad credit:

There are few lenders that take the advantage of people like you who are trying to get a loan with bad credit. So, always be safe from stuff like:

o Payday Loans
o Tax Refund Loans
o Car Title Loans

These companies charge a really high interest rate that it becomes almost impossible for you to repay. Plus, once you take their help, it gets very difficult to get out of the debt.

At the end, getting financing in spite of having a bad credit can be a daunting task for anyone. However, with the above tips in mind and being confident about yourself can help you comprehend your potential and get the loan approved.

10 Quotes Entrepreneurs should Take to Heart

Great people often convey such valuable messages and teachings in a line that ordinary people can’t convey such messages in their life. These lines are inspirational, visionary and are written / said after years of experience by these people. If we, as entrepreneurs, understand and implement these teachings in our lives, then we’ll definitely be successful.

Here’s a list of our personal favorite quotes said by some of the biggest names in the world; let’s analyze each of them closely.

1. I have not failed, I have just found 10,000 ways of doing itThomas Edison

Thomas Edison was one of the greatest inventors the History of mankind has ever seen. While trying to invent the electric bulb, Edison failed thousands of times, quite literally! Entrepreneurs fail and fail again. But they have an attitude towards failures that nobody else does.

They consider failures as a stepping stone towards success. They learn from them and respect failures. If you do it for the first time and don’t fail, then you’re doing something wrong (in the long-run). But if you make a mistake, then you learn from it and take that inspiration to eventually succeed.

2. The only place where success before work is the dictionaryVidal Sassoon

This is one of the best quotes for all those who think success is an overnight phenomenon. No, it is not! Success requires a lot of work. Creator of Angry Birds, the famous mobile game said, “it took him 8 years and 52 failed games to become overnight success.”

What he meant was – success takes a lot of time. Obviously, every business takes its own course of time to get successful but it definitely is NOT 1 or 2 days. Depending on how smartly you work and hard you work, it can vary anywhere between 3-8 years for people to start recognizing you.

3. Formal education will make you a living, self-education will make you a fortuneJim Rohn

We love this quote. Jim means, formal education and help you find a job. Lead a stable life. And earn enough to make a good living.

What Jim Rohn means by self education is – in order to be successful things to have is – the ability to be self-motivated and self-education. Self education is nothing but the education that will guide you in building a business empire. It is something that nobody can teach you; even if someone has taught you something, you learn by experiencing it.

So, if you intend to make a fortune, you need to be willing to take the risks and learn while you’re in your journey.

4. The most important thing in communication is to hear what isn’t being saidPeter F. Drucker

Running a business is all about people. Be it your employees or your customers. And, people are emotional and always require someone to listen to them. As an entrepreneur, you need to be extremely patient and clam while dealing with others.

What Peter means is if you’re good listener, you make great relationships that can help you have a great career in the long-run.

Do not be rude if someone doesn’t respond to you well or someone don’t perform his tasks well. Always, ask questions and learn how you can help him perform better. If he has any concerns, not only listen to them but ensure that his concerns are resolved.

5. As long as you’re going to be thinking anyway, think bigDonald Trump

Donald Trump needs no introduction. He is one of the richest real estate giants in the country. Donald has the most amazing buildings in the US and key to all his success is – he never thought small.

Steve jobs was called the visionary. He once said, nothing that I planned happens before 7-8 years. That’s how visionary he was. That’s how big he always thought. He never thought small and always wanted to change the world.

So, when you think of starting a business, think big and work for it.

6. Nothing great has ever been achieved without enthusiasmRalph Waldo

According to Ralph Waldo, one of the most important aspects of building a successful business or doing anything big – enthusiasm. Ralph supports his point by the above quote. And, that is absolutely true.

If you want to make it big, then you need to have the enthusiasm as babies and ensure that you follow through it. Someone else suggested, ‘success is going from failures to failures without losing enthusiasm.’

So, this is one trait you need to develop as an entrepreneur.

7. Coming together is beginning; keeping together is progress; working together is progressHenry Ford

Henry Ford is perhaps the greatest entrepreneur in American history. In the above quote, Ford has clearly explained his views on the importance of building great teams and then making them work.

Like we said above, business is about people and people make it successful. As an entrepreneur, you need to build teams and never take it trivially. The more people you get, the more effectively they work, the sooner/better results you would drive.

8. Vision without action is daydreaming and action without vision is a nightmare – Anonymous

You know the biggest difference between successful people and unsuccessful people? It’s their ability to take action and convert their dreams into rigorous actions. The above quote by this person explains just that – you need to work hard on your vision.

Convert your vision into consistent action. Make yourself an action-taking machine and don’t compromise on your consistency. Because if you have a vision but don’t take the required action, then it would turn into a huge nightmare.

9. Your most unhappy customers are your greatest source of learningBill Gates

For businesses, customers can be the biggest source of learning. This is what Bill Gates has to say and he says it with years of relevant of experience of his work at Microsoft. For businesses to be successful, they need to listen to what customers have to say about the product or service.

One great way to learn what customers are saying about your business is – conduct surveys among your customers. See what they have to say; while most of them won’t care, few of them would give you genuine feedback.

And, as an entrepreneur, you cannot afford to neglect their concerns/feedback.

10. If you are not willing to risk the unusual, you will have to settle for the ordinaryJim Rohn

Always aim for doing things with highest value. You know, being ordinary is normal but being extraordinary requires taking risk of time, money and energy. However, when that high quality work fetches you returns, you would be totally surprised with it.

Always be dynamic and be ready to take calculated risks. Just refuse to settle for anything that’s not the best. That is how you can create a brand that people love. That’s how you can build a huge company like Apple.

The above are quotes that I believe every entrepreneur should take at heart and making them the principles of how they work and build businesses. What are your personal favorite quotes on entrepreneurship that you get inspired from?

Treating Employees Like Gold Will Help You Sustain Your Business

Without a doubt, the most important asset of your company is your people. There are no second thoughts about it. When Bill Gates established Microsoft, his major focus was on two things – first hiring absolute world class people; second making them create the world’s best software.

When Steve Jobs returned to Apple when it was on the verge of bankruptcy, the first thing he did was to retain the best talent. That’s what you also got to do when it comes to treating your employees.

Listed below are some tips to treating your employees well and getting the best out of them:

1. One of the most important ways to retain top employees is to have clear-cut expectations from them. You, as an employer, must be crystal clear of what you expect. Because, if you’re not, then the employee won’t deliver.

First understand everything you require to get done from that job then pass on the expectations to him in the same manner.

2. Mentor them so well that they learn and understand the bits and pieces of their job. The sooner and better they comprehend the work, the more productively they can work. Create healthy competitive spirits among your employees, so that they compete with each other and perform better & better.

Ask your best employees to train new joinees. That is, in my opinion, the best way to teach them their job.

3. Another critical factor that helps in making your employees feel good is by creating an open/free environment at office. Obviously, you can’t give authoritative positions to your employees unless it is required but you can create a company culture where honest feedback is encouraged and appreciated.

When you listen to your employees’ feedback, they feel good about themselves and feel at home.

4. Give them opportunities to grow and learn. Every smart employee intends to be able to take charge of things some day or the other. However, when you do not provide sufficient growth and learning options to them, they’re bound to move away.

So, remember that – your company should not only encourage good performers but also give them great career options.
The idea here is with learning, they can grow; with growth, they can earn more.

5. One of the big four audit firms, Deloitte is popular for its Impact Day that they conduct. The motto of the event is to create an impact on the society. All the employees of the company form groups and work for social causes.

If you can do something similar, or create an outdoor event for your employees, then it helps in building an amazing company culture.

6. Implementing good management strategies is also great practice to keep the employees happy and satisfied. You can keep the environment fun, cozy and productive for the employees. Adopt practices that encourage employees to take initiatives for the company.

You can also create incredible awareness among employees about how things work and share your goals with them. Your employees should feel your vision; they should care and do everything they can to grow the company. This not only helps you retain them but also gets the maximum from them.

7. The most vital aspect of treating your employees like gold is to respect them – with great pay. Ultimately, everything is about money. You want your employees to work more, generate more income, then you have to pay them what they deserve. The ideal way to decide on salary is to learn what your competitors are paying compared to you, for the same job.

A lot of times, even great employees leave the company because the competitors offer them greater benefits.

Remember, employee retention is an integral part of any business. Always, always ensure that you have the best talent in the company and things can hardly go wrong. Just implement these techniques and you shall have a great team that can help you grow your company leaps and bounds.

6 Greatest Entrepreneurs of Our Time

Entrepreneurs have always existed. From Henry Ford to Thomas Edison, some entrepreneurs had such amazing vision that they changed the world. Literally! A lot of people these days wonder, who are the top entrepreneurs of our time; well, here is our list of our best entrepreneurs of the modern day from whom…

We can learn a lot. Check it out…

Steve Jobs

Known for his intuitive ability to identify patterns and potential business markets, Steve Jobs is the first person on our list. Steve is considered as a pioneer in revolutionalizing entire tech industry by introducing GUI and Mouse in computers.

The difference between Steve Jobs and other entrepreneurs, while others face short-time failures in their career, he was thrown out of Apple. From there the iconic entrepreneur fought back and went to build to successful non-Apple companies, Pixar and Next.

After his return to Apple, Steve was instrumental in changing the music industry, the mobile phone industry and the tablet industry ultimately making Apple the largest corporation in the world.

Bill Gates

The next on our list is one of the richest men in the world, Bill Gates. He needs no introduction. While Steve Jobs brought GUI and Mouse in computers, Bill was responsible for building the most affordable operating system, Windows.
Had Bill Gates not launched Windows, your life and my life would not have been what it is today. Bill realized that the industry was all about software before anyone else realized it. Hence, he ensured that he creates an operating system that would work on all machines. Simple!

Microsoft became so big that its market cap in 1999 even touched $600 billion; the highest any company ever reached.

Larry Page and Sergey Brin

The pioneers of new generation technology giant, Google, Larry Page and Sergey Brin are on number 3. The two engineers from Stanford University created the search engine when the world most needed it.

Even since Google became the “go-to” website for searching anything, Internet has changed, quite literally. People started using it more and more. With millions of queries every day, Google is among the most respected companies in the world – thanks to the sheer passion and great leadership of the two founders.

They are also among the richest men in the world with billions of dollars in net worth.

Mark Zuckerberg

Mark Zuckerberg has been one of the most dynamic personalities in the recent time. The 27 something young entrepreneur dropped out from college when he realized the potential of Facebook.

Today¸ Mark is considered to be a youth icon and an inspiration to hundreds and millions of the world. The reason why he is in the list is – he created a completely new industry on the Internet by making social media a catch-phrase for every business and individual.

With over 800 million user accounts on Facebook, Mark is set to go public and guess what? Facebook is expected to be one of the biggest IPO’s in the history of tech industry.

Jeff Bezos

With personal wealth of $18.4 billion, Jeff Bezos – founder of Amazon – stands among the most influential entrepreneurs of our times. Yes, he is also from the technology industry. And, the reason he is on our list is, he changed the way people use Internet for shopping.

From books to consumer electronics, from DVD’s to video games, Amazon sells everything and does it with style. Jeff was single-handedly responsible for launching, promoting and getting it into the limelight of the world.

Today, Amazon contributes not only to the economy by paying huge taxes but also provides a lot of job opportunities to the users.

Fred Smith

Fred Smith, the founders, chairman, president, and CEO of FedEx is 6th on our list. Why? Well, he launched the first overnight express delivery company in the world. It is now among the leading companies in the world.

Under his leadership, FedEx manages more than 5 million packages every day. And the company is loved by people as the most convenient shipping platform across the world.

Fred is among the most respected individuals in the US corporate industry.

Greatness of an entrepreneur is determined by not only their wealth but the impact they had on the society. All these gentlemen above are known for their massive social impact they created by building huge companies.

What’s your take on the above list? Who is your favorite entrepreneur of our time? Do let us know in the comments section below.

5 Steps Businesses should take to Avoid Bankruptcy

Businesses have come under increased pressure during the past couple of years as the economy continues to show signs of deterioration. But as interest rates increase and savings rates continue to be less and less rewarding, many companies are struggling to compete with the bigger, more stable competition. As debt mounts up, people inclined to bury their heads in the sand and hope that the problem will go away. However, hitting it head on will prove far more effective than ignoring it.

Many people assume that creditors will file for bankruptcy against an individual or company if debts are not repaid. However, the likelihood of that happening is extremely slim indeed. Bankruptcy is used as a means to solve individual insolvency problems and whilst it costs around £750 to declare yourself bankrupt, the price it would be for creditors can be 3 times this amount. Ultimately, they are opposed to doing so as the likelihood of them receiving the full amount of the debt back is thin, especially if there are other creditors involved.

To prevent companies from receiving a winding up order, the following steps should be followed and practices implemented into the business:

1. Seek help – Debt Management Plans

As debt mounts up, people inclined to bury their heads in the sand and hope that the problem will go away. However, hitting it head on will prove far more effective than ignoring it. For this reason businesses should attempt to gain advice from financial professionals as soon as they detect a problem in their accounting department. Without the help of insolvency experts, the most appropriate debt management plan may not be identified. Plus, professionals are well trained and equipped to better deal with negotiations between the business and the creditors. It is worth noting that creditors are usually keen to make deals and come to arrangements regarding re-payments. As the debt increases, the likelihood of the company paying it back declines, so creditors do not want to see a failing business.

2. Scrutinize Accounting Records

Knowing the exact financial status of a company is paramount in managing in-goings and out-goings. Without accurate, up to date records of all transactions, receipts and upcoming withdrawals, a director will not be in control of the business’s finances. Better management equals better knowledge. By ensuring that all records and documents are promptly updated and monitored then credit control will become enhanced. It will also allow for quicker decision making, especially when it comes to calculating an affordable monthly payment to creditors.

3. Consider new Suppliers

Many companies use suppliers with whom they have built up a rapport with and trust. Loyalty goes a long way in business and this includes merchants and dealers. However, if money is tight and a business is suffering as a consequence, it may be worth negotiating a new, improved deal with existing suppliers. Failing this, new suppliers will be only too happy to beat the price of their competitors and are not hard to come by.

4. Consider Relocating

It is important, at times of financial downturn, that a company’s staff are left not affected and left undisturbed by the situation. Having disheartened and unenthusiastic staff is in no way beneficial to a business, however, with change comes discomfort. CEOs and directors must use every power and tool they have to ensure that staff are happy yet aware of the current struggles the company is facing. Having them on board is better than not, but disruption should be kept to a minimum. If a lease is set to expire at a current location (offices, site, warehouse) then, again, negotiations should be made with landlords to attempt to lower the existing contract. Relocation may be the more realistic solution. Encouraging employees to be positive about the move is essential for team morale. Make sure that all staff know that this is a step forward and fuss will be kept to a minimum.

5. Stop Agency Use

When using recruitment agencies to hire employees for a company, the amount of commission that is spent can sometimes exceed the amount that it would cost to cover advertising, time spent in the selecting process and interviews. Whilst the whole process is somewhat of a headache and can take up much valuable time and money, recruitment is something that can quite easily be done in house. During time of financial uncertainty, employment can be scarce, making it the perfect time to cut ties with existing agencies.

Redundancies, staff cuts and unpaid leave, however horrible, may be necessary in particular circumstances. Financial professionals will be able to give straight forward advice on the measures that need to be taken to avoid forced closure from a winding up petition. If a debt management plan is refused by creditors then there are further options available, including pre-pack administration and voluntary bankruptcies. Before deciding that a business has failed, be sure to check with professionals.

7 Steps to Building a Business Brand Like Apple

Apple is huge. In fact, it is one of the biggest companies in the world. But how did it become so big? A company that was once on the brink of bankruptcy witnessed such rapid growth that it is quite impossible to believe.

If you’re running a business and are aiming to build a brand like Apple, then you ought to follow these 7 steps that I have found that made their business successful.

1. Focus

Focus is what gets you clarity in your decisions. And clarity one of the most important aspects of building a successful business.

The reason Apple managed to receive that humongous growth is because Steve Jobs, the CEO of the company, was extremely focused towards working on only one or two (revolutionary) products rather than whole electronics/computer industry.

Steve often questioned his top men:

• What are the 10 most important things we should do next?

• How many absolute world-class products can we create instead of multiple low-class products?

Therefore, focus is important. It defines whether you would be successful in the long-run or not.

2. Put Products Before Profits

Second most vital step to know is – you got to put your products, and business before your profits. Regardless of what business you’re in, you should always target solving a problem more than making revenues.

Apple, as a company, although makes tons and tons of profits, its priority is always building nothing short of great products. The company is extremely disciplined in genuinely building products that solve huge problems.

Because they put money before products, it allows them to innovate and create products that no other company does.

3. Innovation

Innovation is the key to success. Period. As long as you are innovative in your business, absolutely nobody can compete with you. However, the key here is – innovation should not only solve a problem but fulfill consumer needs as well.

Apple is now considered as one of the most innovative companies of the 21st century. Each of its products, iPhone, iPad stands on its own without any competition. The product has its own industry that nobody else can penetrate.

Therefore, your job as a businessman should always be towards innovation problem solving.

4. Hire Only A+ People

Steve Jobs has been quoted as saying “Apple wouldn’t have been what it is without talented people.” As the CEO of the company, Steve insisted on hiring only A+ people in the company.

So, if you want your business to grow rapidly, then building a team that can do an absolutely amazing job. Remember, the more they work, the faster you’d grow and excel in your industry.

When you have great people on your team, you really don’t have to baby them or spoon feed them. Therefore, building a team is the next team that you have to work on.

5. Always Engage with Your Team

The senior executives of Apple always believed in having one-on-one meetings with their team members. They also tried to learn what the team members are doing; they randomly stopped at employees’ desks and discussed their ideas on the fly.

This helped them get more ideas for the current and upcoming projects/products. And, that also helped them create a great work environment that produces great team work, and results in a short period of time.

6. Stick to Your Vision, See the Broad Picture

Great leaders often focus on the minute details as well as understand the broader picture. When you comprehend the bigger picture of your business, you’ll come to know where, how things are, in your business.

Apple’s leadership always tried to keep a track of where they stood in the overall vision and they were also involved in the color, size and appearance of a particular application.

7. Speed

Steve jobs was quoted as saying: great entrepreneurs ship it. And, in order to ship it, the products need to be created with rapid speed. In fact, it is known that speed is the essence of any business.

Apple always focused on delivering and improving products promptly. They not only launched an iPhone in 2007, but in just 4 years, they improved the versions and even launched iPhone 4S. Similarly with iPad; Apple was really quick in shipping the improvised versions of the product.

Therefore, it is really significant for you, as a businessman, to get things done efficiently.

With these above 7 steps, launching and building a successful brand like Apple. The sooner you implement these strategies to your business, the sooner your brand would get the recognition.

Readers: Are you trying to build a business brand? What else can you learn from other successful brands around us?

Hiring a Small Business Accountant

The relationship a small business owner forms with their accountant is an important one. A solid financial backbone will prepare any growing business for rapid expansion and the risks associated with it. So what should a small business owner look for in a small business accountant?

Availability

This doesn’t necessarily mean your accountants business hours but how quickly they can respond to your queries. Check the promotional blurb on the company’s website for any “24-hour reply” promises and so on… Accountants will rarely promise services they cannot deliver but by the same token they are under no obligation to offer services they have not promised.

Experience

Does the accountant “get” your business? It may be the case that an accountant has a great track record but this will count for very little if every business they have dealt with is completely different to yours. Get in contact with any potential accountants and ask them about the clients they have represented previously. You should be able to establish from their reply whether they are a good fit for your business.

Testimonials

A good arbiter of an accountant’s customer service is what their previous customers are prepared to say in support of them. Most accountants will have testimonials on their websites but I would not recommend taking these at face value. Try to track down the authors of any testimonials and send them an email or give them a call. Make sure the testimonial is genuine, not taken out of context and that they do genuinely recommend the accountancy services they offer.

Feel Good Factor

Visiting the office any potential accountant is advised. You can get a feel for their office and how they work. Ask yourself if you sense a similar degree of professionalism at the firm as you have with regards your own business. Many people do their accounting online and never meet their accountant; in this instance it is still recommend that a phone call or video conference should take place before signing any documents.

It is also recommended that you talk to various members of staff at a firm not just their designated “salesman” and definitely insist on speaking to the boss. This may seem overly picky, even obnoxious, behaviour to those of a sensitive disposition but when organising the financial future of your business it is no time to be soft. It is better to be a little hard-nosed to make sure you are getting the best service possible.

3 Traits that Engage Customers

It is easy to talk to people about your products, but it can be challenging to get them to listen. Most consumers are bombarded every day by messages from companies that are trying to sell them something. As a result, there are many efforts to make a sale that fall on disinterested ears.

How can you make someone want to listen up? You have to engage them.

There is not one way to engage customers. The dynamic between a business and its customers varies from one business to the next. In many cases, companies rely on extensive market research to determine how to communicate most optimally with anyone who might be interested in making a purchase.

Despite the important and varied details behind customer engagement, there are traits that universally catch people’s attention. They draw large groups in and make most people want to learn more. Those traits generate a spark, so to speak, which can translate into purchases. Read on to learn about three of them.

Passion

Being passionate about a company and what it does is one of the most effective ways to boost the impact of anything you say related to it. After all, if you are not passionate about the message you are delivering, how can you expect the person receiving your message to care? Steve Jobs served as one of the best examples of this idea. Each time a new product was released, Jobs would talk about the product with a level of passion and excitement that was utterly infectious. He would always unveil each item with a string of punchy adjectives, like “astonishing” or “impressive.”

Each company has its own culture, so it is not always appropriate to categorize products as “impressive.” However, it is always appropriate to verbally and nonverbally relay that you have a passion for the message you are conveying. In short, show you care. It will increase the odds that the person you are talking to will also begin to care.

Integrity

There are some negative stereotypes associated with sales, one of which is disingenuousness. People are often wary of someone who is looking to sell something. Many assume that the salesperson is saying anything to close the sale. They feel they have to look out constantly for manipulated information in order to finally make a purchase that meets their needs.

Therefore, it is refreshing for a customer to encounter a message that reflects integrity. The Internet has made it easier than ever for savvy customers to identify wild lies; it is just a matter of time before they separate accurate claims with inaccurate ones. If people feel like they can trust what a company, or a representative from that company, is saying, they will be more inclined to really listen.

Ingenuity

For most people, it is a thrill to be in the presence of something clever and inventive. Originality can be quite a precious commodity because, for many, it does not appear often. Projecting ingenuity can be a very effective way to engage customers.

Ingenuity can come from many places. The product itself could be one of a kind, and efforts to sell it should adamantly underscore that fact. Even if the thing to be sold is not revolutionary, there should be at least one or two unique aspects to it that can be highlighted. For more of an effect, highlight the unique aspects in an original way.

In today’s world, advertising is pervasive in many places. It can make many people feel overwhelmed, which causes them to shut down. In order to reach that disengaged group, you must engage them with your message. The specifics behind how to reach them can vary tremendously. However, it could be a mistake to get lost in the details. Use them wisely, but do not forget about overarching traits that have the power to reach a lot of people.

7 Proven Productivity Tips for Every Aspiring Entrepreneur

An Entrepreneur – we all have associated this word with ourselves if we try to create our own path to success. But what defines an Entrepreneur? And what is the meaning of ‘definition?’ A definition is given by bringing together the qualities of that particular word. In the case of an entrepreneur, there are unique qualities which are brought together and form the word.

If you lack any of these qualities, then you dissolve the word Entrepreneur and over time you are tagged as a wantrepreneur – someone who wanted or wants to be an Entrepreneur but never can or could.

And if you are an Aspiring Entrepreneur, you will want to know these qualities. In this article you will come across seven proven productivity tips, which if followed and acted upon, will make you a Successful Entrepreneur.

Run Past the Discouraging Horde of Nay-Sayers

Believing in oneself is of utmost importance. You cannot be an Entrepreneur if you are not confident about yourself or about your idea. Believing in your convictions is what takes an Entrepreneur forward.

On your road to success, you will come across many envious thorns who will try pricking your steady feet with an aim to make you wobble, fall, roll downhill and end up at the bottom of the race.

A simple trick of handling this horde of discouraging critics is by assessing their successes. 90% chances are that they will be the ones who have never utilized their talents, have been unsuccessful and they go around discouraging people. Avoiding such people is of your benefit.

Dream; for Dreaming is Envisioning Your Successful End

Dreamers have always been discouraged by the masses. When an Entrepreneur dreams he isn’t sleeping or drooling during the day over things that come in the “I wish I had this” list. An Entrepreneur is his own oracle; he envisions his successful future. And then he works toward turning his dream into reality.

Hence it is necessary to dream bigger, and out of the box. Turning the impossible into possible is what makes an Entrepreneur successful.

Super Productivity will Guarantee Super Success

There is a difference between productivity and super productivity. Productivity confirms good results, but super productivity guarantees remarkable results, plus bonuses and rewards. To be super productive, you will have to cut down as much time as possible on things that aren’t productive. And unproductive could be anything which will not bring you any real benefit. When you spend time on a particular goal and give your all for it, you will see your business grow exponentially.

It is Now or Never; Keep the Future in Mind but Use the Present to Design

It is good to keep goals. But it is not right to hastily work toward that goal. In Entrepreneurship, time plays the most important role. When you get an idea, put it to implementation as soon as possible and then to make your idea successful and public, work in a systematic but fast manner.

Hastiness and quick thinking are two different things even though both don’t require much time. Hastiness is when you just want the work to be done somehow and this often makes you fumble. Quick thinking and wise decision making will make you work at a fast rate in a properly channeled way.

Divide and Rule

With divide and rule I do not refer to the war strategy. In business, you need to divide your tasks so that you can efficiently rule over them. Amalgamation of all tasks will make your work overtake your mind and everything will fall apart, with you being a slave of overburden. Hence divide your tasks and make your ideas work.

Hire People who Communicate, Trust, Innovate and have Work Ethic

An Entrepreneur is not a one man army, but instead he is one who leads an army of innovators and intellects. Once you set a goal to overtake other empires and become the next dominant and unique force, you will have to recruit those who will complement your tasks. Hire innovators and intellectual Entrepreneurs who will enhance your ideas, and amplify your results.

The OKR Policy

The Objective and Key Results is a process which helps in properly setting your goals. The OKR is used in all big firms. OKR works by setting up a specific amount of time frame, a single objective, with more than three desired key results. Be it an organization or a single entrepreneur, this technique always works.
It makes everything systematic and you break a single goal into various mini goals. This makes your task easier and gives you more space to assess every aspect of your goal.

In Conclusion

The above seven tips will not only make you more productive, focused and proactive but more importantly they will define you as a true entrepreneur.

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