The Importance of Professional Indemnity Insurance for Engineers

As an engineer, you likely already have some form of insurance. However, one type of insurance you may not have considered is professional indemnity cover.

Designed to protect you in the event of a claim being made against your business, this type of insurance can prevent you from losing your company if anything does go wrong. When you look at it like that, you realise exactly how important it can be! So what benefits, besides preventing you from losing your business, does professional indemnity insurance provide? (more…)

Increase Product Sales with interactive 3D – How customizable 3D objects can boost your clientele base

E-commerce sites account for a substantial portion of shopping. Consumers are opting to use mobile media as well as the standardized websites to obtain goods which in the past required visiting a retail store to obtain. According to an article by Forbes, “consumers are buying online more than ever and growth rates in the e-commerce sector remain very healthy”. Because of the growth, competitiveness in product presentation and in e-commerce product development has grown as well. It is therefore critical that the businessman or woman work alongside their web developer in implementing strategies which are effective and encourage user interaction on the site. One such way in which an e-commerce site can boost their product sales is with interactive 3D components. (more…)

Online Reputation Management Tips

Negative search results for your business or brand name can hurt your business. That’s not a surprising fact. Imagine if your clients were searching for your business and got to land upon some pages having a discussion on a bad customer experience. Sounds too common right? But how can you handle negative reviews and search results? What do you do when one or two angry clients, or even a competing business, are ruining your business’ reputation online? (more…)

How to Read a Cash Flow Statement

Cash Flow Statement as the name suggests is the summary of cash transactions of a company during the financial year. Cash Flow Statement, popularly known as CFS is a very important document in the hands of investors who want to know the changes in cash balances of the company year after year. The Profit & Loss Statement does not give a complete picture of financial wellbeing of a company because profits are not equivalent to cash. Profits are calculated using accrual principle where as for the investor eventually what matters is the liquidity position of the business. (more…)

5 Things You Need to Know When Hiring an Outsourcing Business

Every business, just like every single thing in nature, is constantly striving towards one thing – growth. Stagnation is not an option – with  fierce competition in almost all areas of business, standing in one place means that you’re actually going backwards and that’s not something you should allow.

Without question, outsourcing has changed the way business is done. The reason behind it is simple – outsourcing is a simple solution to many problems businesses are faced with on a daily basis. For a single project to be completed, it needs to go through several phases, each equally important, if we want the results to be satisfactory. However, it often happens that there’s not a big enough workforce or not enough time to be dedicated to individual phases and that’s exactly why we turn to a brilliant shortcut called outsourcing, because it enables constant expansion. (more…)

Unique Ways to Advertise Your Business

The right marketing campaign is essential to anyone who owns their own business – in fact, it is so crucial it can either make or break our business. The trouble with conventional marketing is that it can be very expensive to do right. There are many things to cover, and this can add to the confusion for small to medium sized businesses who are inexperienced in the marketing field.

A specialist marketing company may be able to help, but only adds to the cost, and they still aren’t guaranteed to get you the results that you want. Many of the favorite traditional marketing techniques include radio advertising, local newspaper advertising or local television advertising. (more…)

Top 4 Mobile Apps for Personal Financial Management

Are you struggling to save money? You are not alone.  A recent survey conducted by Bankrate.com revealed that 60% of respondents would be forced to empty their savings in the event of a financial emergency such as a job loss, an unexpected medical bill or car repair.

One of the main reasons why most of us can’t save money is failure to budget. Budgeting, particularly via the pen-and-paper method – which is typically tiring, time consuming and cumbersome, can be a daunting task. And, of course, we all know that tracking finances in our heads never works out, whether it is due to forgetfulness, impulse, or a myriad of other things. (more…)

Enhance Brand Values With Promotional Products

One of the constant balancing acts marketers walk is the need to maintain a fresh and relevant modernity about their brand without losing the hard-won authority built with many years of marketing investment. Most large companies regularly update their livery every decade or so to keep up with trends in design and corporate imagery but this option does not necessarily suit smaller organisations. That’s why many marketers believe choosing the right promotional product which reflects the commercial zeitgeist is a proven way in the interim of associating their brand with developing social and business trends. It may not be possible for many companies to make short-term changes to consumer perceptions of their brand however the simple act of applying company branding to an up-to-the-minute product is a cost effective way to enhance consumer perceptions and take advantage of the latent energy of market trends. (more…)

3 Ways to Update Your Office Decor to Boost Productivity

While you may want your business to be a place where people enjoy working, as an employer, you’ve also got to be concerned with the bottom line. If people aren’t working productively, they’re not being effective at their jobs and contributing to the ultimate success of your company. However, productivity and blandness are absolutely not mutually exclusive. In fact, a sterile work environment may actually be detrimental to the productivity of your employees. So to help make your workspace more conducive to productive work hours, here are three ways you can update the decor of your office to boost productivity.

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3 Things to Be Aware Of With Online Reviews

In the world of online business, if your online presence is lacking to your competitors in any way, your business could suffer immensely. One way that you can prove to your clients and customers that you’re worth their time and money is to have solid reviews from your previous patrons. However, this is often easier said than done for many businesses. And because you have to rely on your customers or clients to accurately represent your products or services, it can be a little scary, too. So to help you as a business owner have better luck with your online reviews, here are three things to be aware of regarding online reviews.

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Ensuring Your Business is Following the Correct Recycling Regulations

These days, there are a lot of rules and regulations in place that businesses have to adhere to. One of the most important regulations, besides health and safety, that you need to follow is recycling.

Due to the threat of global warming, the government is more concerned with lowering carbon emissions and protecting the environment than ever before. Not only that, but some sectors require strict, specialised recycling measures to ensure their waste is eliminated safely and correctly. Is your company following the correct recycling regulations? Find out below… (more…)

Addressing big data challenges in smart cities

Big data is changing the way, technology is being leveraged to conduct business as usual activities is a more efficient manner. The emergence of Internet of Things, allows greater flexibility and governance, in urban development and its subsequent management. This has led to the emergence of the concept of smart cities, which is believed to revolutionalize urban settlements across developing, emerging and developed economies. (more…)

3 Reasons to Think ‘Franchise’ for Your Next Business Venture

As an entrepreneur, it is a near certainty that you have already tried a sole proprietorship. According to the SBA, over 70% of US businesses are owned and operated by a sole proprietor. You’ve been there, done that, and learned about as much as you are going to learn from that format.

Now that you are ready to step up to the next level, you have some decisions to make. Perhaps you are on the fence about franchises. The potential is enticing. But there is the low-profit margin, lack of support from the mothership, and the stigma of being the second-rate experience compared to the corporate store.

But there is another side of the franchise story to consider. No one ever said that franchising would be easy. But if there were no rewards involved, no one would want to do it. Here are 3 reasons why you will want to give franchising a closer look: (more…)

How to market Furniture businesses for the Chinese market

But just how do people purchase furniture? How will you promote your furniture brand in China? There’s a key proven fact that you may understand prior to going into profound reason inside our research. People that want to acquire furniture will first looking through Internet and from then on they’ll go directly to get to get their furniture. So the key question remains how to market your furniture brand in China? (more…)

Advantages of Mobile Banking

Did you know that the number of people using mobile phones in India is more than the number of people using bank accounts? Some studies say that it will still take banks more than two decades to reach the entire population of 1.2 billion. Considering the fact that India is the third largest smartphone market in the world, mobile phones would definitely reach the entire population much faster than bank accounts! That is why the Reserve Bank of India has been urging all the banks to offer mobile banking.

Mobile banking is also the logical next step after the success of online banking. There are a lot of advantages of this form of banking over the online version as well. Here’s a look at some of the major benefits. (more…)

Fantastic Advantages of Joining a Credit Union

Credit unions are not-for-profit, tax-exempt financial institutions or cooperatives that are owned by their members. They are created and operated for the purpose of providing a variety of financial products and services to their members, which include savings options, access to fairly priced credit, financial education, and facilities where transactions can be made at equitable cost.

Being a member of a credit union offers unique benefits that cannot be provided by other types of financial organizations like banks and microfinance institutions that derive their funding from investors, grants, and external loans.

To get you acquainted with some of these advantages, we’re providing you with a rundown of the most popular ones below. (more…)

How to analyse the Modern Trading Markets: 3 Key Tools and Strategies

While investors have gotten used to scaremongering in the wake of Brexit, the economy continues to struggle in the face of sustained volatility. This shows no sign of abating earlier, with corporate sentiment in the UK plummeting and the country thought to be on the verge of a recession.

British stocks and the pound sterling are also continuing to fluctuate, as while they remain higher than during the initial post-Brexit slump there is still considerable room for improvement. This demands that investors take a technical approach to the markets, as they seek to minimise risk and profit in a depreciating economy. (more…)

3 Tips for Marketing Your Business to High-End Customers

As any business person knows, there is a huge variety of customers and clients out there. While some businesses and brands want to have a large amount of people purchasing their products or services because they come at a competitive price, other brands are more interested in targeting customers who want to purchase something based on its quality or prestige and care less about the cost. These two groups require very different marketing strategies. If your business is contemplating targeting the later of these two groups, here are three marketing tips that will help your business reach those high-end customers. (more…)

A Gym Owner’s Guide to Keeping your Gym Appealing

Of all the businesses an entrepreneur can choose to open up, a gym is one of the trickiest of them all. Gyms can prove to be a massive payoff if you go about things right, but if you open a gym and there is either too much competition around, or other factors make it so that people don’t want to pay the fee to be part of your gym, specifically, the investment you made can be a very bad business move.

Besides securing the proper permits, finding or building a building that is compatible with all the services you want to offer, and filling your space with equipment that is up to date and in working order there is a lot to be done. Here is a gym owner’s guide to keeping your gym member friendly so that your doors will stay open and people will continue to use your facility as their destination of choice to meet their fitness goals: (more…)

Should Your Company Screen For Drug Use?

Screening potential employees for drug use is a common practice and required in some employment sectors, but it isn’t universally agreed upon. In fact, some opponents of drug testing believe that employers eliminate excellent potential employees based on the results of such screenings, even when there is not clear evidence that the individual would perform poorly in the workplace. On the other hand, however, drug use is illegal, making it appropriate to bar such applicants from employment, particularly in fields like healthcare or security.

With contrasting opinions, what path is right for your company? These 3 factors form the core of the drug screening debates. (more…)

3 Tips for Dealing With Employee Behavior Issues

Running a business is hard enough without having to deal with difficult employees. But when you or your managers notice that one or more of your employees is having behavior issues, it’s important to put a stop to them before things go on for too long. Issues with employees can be detrimental for businesses if not taken care of quickly, especially if those issues affect the customers or relations between other employees. To help you handle these tough situations when they arise, here are three tips for dealing with employee behavior issues. (more…)

Financing small businesses: Tips for SMEs

If your excellent business idea is hampered by a lack of funds, these tips to raise capital will help you go a long way.

India is currently witnessing a burgeoning start-up culture that is making millionaires out of some business owners. The best ideas are not just becoming successful domestically, they are also generating huge funding from foreign investors. At the same time, several other small businesses are waiting to see the light of day owing to lack of capital. If your business is one of the latter, you need to consider these: (more…)

Life Insurance – For those undesirable moments in life

One of the sad truths of life is that we all face that moment when all of it goes away. Of course, none of us are really prepared for those moments which take our breath away, in a very different way. We can however plan, if such a thing happens, when we least expect it, so that our loved ones are taken care of. While we may not be there personally in those moments of stress and need, we can at least plan in such a way that such stressful moments of life be taken care of, at least financially. (more…)

How to Approach Sales and Promotions Properly in a Marketing Campaign

Marketing campaigns can be tricky to put together. No matter what you end up doing, it’s going to cost you money, but the point of the campaign is to bring in enough money that you more than make up for the sum that was spent on the campaign in the first place. For any business, no matter what they make, it’s commonplace to put about 10 percent of the budget towards marketing. Without marketing, you have no market, so it makes sense. (more…)

Tips and Tricks to Access Work From Anywhere

When you ask people what their dream is in regards to work, they usually talk about how they wish that they could work less, work from home more, and ideally work from anywhere that they like at whatever time that they want. Thought this dream is a reality for some, most of the world is stuck in 9 to 5 jobs that require that they work very specific hours and slave away making somebody else’s dream a reality.

If you want to make your aspirations of working from anywhere real, here are tips and trick for ways to make that happen: (more…)

The Business of Building a Home: Things Not to Do

From the moment of birth, life is filled with people telling you what you can and can’t do. As a child, you’re constantly told to not touch things and to stop crying, but you’re also told to smile at visitors, let them hug you, and do things like eat your vegetables. It’s a necessary part of life. In order to learn how to operate on a day to day basis, you have to be told what is socially acceptable and what is not, or else behaviors are left as a free for all based upon the whims of your emotion.

As you get older, the issue of being told what to do and what not to do doesn’t go away. You’re able to say no easier, but it’s still a part of everyday life. When you’re in the business of building a home, you’re going to be told what you can and can’t have a lot and you’re going to be told what you can and cannot do. Here are some of those things you can’t do when building a home on the business aspect of things: (more…)

Keeping Your Business Vehicle On The Road And On The Go

When it comes to business vehicles, these things can get a lot of wear and tear. They get driven a lot, often by many different people. That means they need a lot of care if you want to keep them working for you, and not have to regularly replace them.

Upkeep on vehicles can get expensive, especially on older vehicles, but it’s often a necessity. When it comes to work vehicles you want to make sure that they are safe to drive for everyone, and not a liability. You need to make sure, also, that your vehicles are insured to cover all possible drivers, and that you have licensed drivers behind the wheel. (more…)