Best Options to Build a Company Car Fleet

August 21, 2014

Car Fleet
If you are starting a new business, you will already be aware of how much there is to take into consideration. Finding the right office space and building a team around you are tough enough challenges to begin with. But then there is much more for you to think about. One of those things is how your staff is going to travel from place to place, especially if they are often on the road meeting clients and customers. Many businesses choose to build a company car fleet to enable their staff to do their work wherever they have to go. If you’re thinking of doing the same for your business, here are some things to consider first.

[Read more…]

Filed Under: Employees, Finance Tagged With:

How Can Small Business Owners Benefit From Renting a Virtual Office

May 7, 2014

Virtual Office
Virtual office space allows business owners to cut costs without sacrificing the image they have built for their business. When you rent a virtual space, you reduce production costs while maintaining a prestigious business address. When you do business out of a virtual office, you have access to everything a business owner needs; you never have to worry about things like conference rooms, technology and staff to answer your phones.

[Read more…]

Filed Under: Technology Tagged With: ,

Can Small Businesses Benefit from Outsourcing?

December 4, 2013

Outsourcing
Large corporations use outsourcing to offload their non-core operations so that they can focus on what they do best. Small and medium size businesses can benefit equally from outsourcing. Many small business owners do not feel comfortable with outsourcing thinking that it does not provide them sufficient benefits or they don’t like losing control of their business operations. This could be a mistake. When done properly, outsourcing can help small business owners grow by focusing on core operations.

[Read more…]

Filed Under: Management, Strategy Tagged With: ,

How to Navigate Small Business during Financial Crisis

December 2, 2013

How to navigate during crisis
Warning to all budding entrepreneurs!! Almost 75% of small businesses fail during their first year. This number goes even higher during financial or environmental crisis. During Great Recession of 2008-2009 number of businesses, large and small, failed because they were not in the best position to manage during the time of crisis. They either did not have sufficient financial cushion or failed to generate enough sales to meet their expenses. The key to succeed in the crisis is to prepare for it ahead of time and take decisive actions once the crisis does hit. This is the time not to panic, and you will not, if you have planned ahead. If you do run into financial turbulence here are 3 important steps you can take to navigate through the crisis.

[Read more…]

Filed Under: Management Tagged With: ,

Cloud Economics and Offsite IT Infrastructure for Small Businesses

November 12, 2013

Cloud eonomics and offsite IT infrastructure for small business
Small businesses spend significant money on IT infrastructure. Traditionally, they have owned the IT assets themselves and have to carry the burden of capital purchase and ongoing maintenance cost. However, there is a paradigm shift occurring in the IT industry with what is commonly known as cloud computing. This has the potential to dramatically change the way small businesses operate their IT infrastructure. With cloud computing small businesses no longer need to own the IT assets themselves. Instead, they can rent these assets on as needed basis and only pay for what they use. You can think of this as analogous to buying electricity from utility company.

[Read more…]

Filed Under: Technology Tagged With: ,

7 (Not so) Secret Ways to Save on Electric Bills for Small Business

July 2, 2013

7 secret ways to save on eletric bills for small business
Many small business owners consider the cost of electricity as fixed and do not pay much attention to it. They receive a monthly bill in the mail, make a payment and move on with their daily business. For some, even if they want to do something about it, they feel helpless thinking that they do not have many options to save on electricity, other than to cut the usage.

While this may have been true in the past, many options have opened up recently that can help small business owners save money on their electric bills. Some of the options are driven by the elimination of monopoly and rise of competitors. Companies such as commercial electricity suppliers British Gas have been very proactive in helping business owners with ideas and presenting them with alternatives that can be tailored for specific situations.

[Read more…]

Filed Under: Operations Tagged With: ,

Warning! You might be Wasting Money on Electricity Bills!

March 9, 2013

You might be wasting money on electricity bills

Here is a quick question – When was the last time you checked your electric bill? Do you remember how much it was? If you are like most small business owners you do not pay attention to how much you are paying towards electric bill. You take it for granted that the electricity expense is fixed and there is not much you can do to bring that expense down. This could be a mistake because even a small monthly savings of $50 in electric bill can add up to substantial amount at the end of the year.
[Read more…]

Filed Under: Finance Tagged With: ,

How to Revitalise Your Salon Business for Next-to-Nothing

February 16, 2013

How to revitalize your salon business
Get your salon equipment right, and the rest will follow. Of course, all stylists are looking to strike a balance between low cost salon equipment and high end products, but there doesn’t necessarily need to be a trade-off between the two.
You can save money and retain your favourite supplies – it’s possible! But it’s also possible to get creative with your boutique’s budget. Read on for more information on how to revitalise your salon for next-to-nothing.
[Read more…]

Filed Under: Management, Purchasing Tagged With: , , ,

Should you Outsource Computer Support for your Small Business

August 12, 2012

Sponsored Post (Brought to you by Greeks Mobile)

Technology has become an integral part for all businesses these days. Whether you are operating a multinational corporation or a small mom-and-pop business you cannot build a successful business without integrating computer technology. While technology can be a great boon to grow your business, it can become equally frustrating when something goes wrong with it. Just think about the last time you called customer support of a company and you heard the representative say – “I am sorry, but my computer just crashed. I am afraid I cannot help you.” This type of situation can not only leave you and your customers frustrated, but it can result in lost sales.
[Read more…]

Filed Under: Technology Tagged With: ,

How to Reduce Real Estate Cost with Virtual Office

August 3, 2012


If the economic downturn of the last few years has taught anything to business owners it is to stay flexible and nimble. This applies to large corporations, but it has been even more critical for small business owners. After all, small businesses are working on a shoestring budget and do not have much room for error. I discussed the actions small business owners can take to become flexible in earlier post. I also showed a framework that can help you reduce costs in a systematic fashion. It involves looking at various costs and eliminate, rent, share and optimize them in that order.
For small business owners one of the biggest costs and impediments to being flexible is the real estate expense – either owned or leased. Lately, some entrepreneurs have come up with novel approach to help you reduce this cost, while still letting you keep the appearance of having full service office. Let’s look at how it works and what you can gain from it.
[Read more…]

Filed Under: Operations, Technology Tagged With: , ,