How Can Small Business Owners Benefit from Process Automation


Nothing is more harmful to small business than having to repeat the same processes over and over and over again. Nothing. And yet, all too often, you don’t realise just how much repetition, waste, and unnecessary bureaucracy is slowing down your business and wreaking havoc on your efficiency.

And it’s true. With a billion and one things to do each and every day, the best thing any entrepreneur or business leader can do is focus on ways to automate the processes and procedures within their business, saving time everywhere they can. So, if you don’t know what CRM stands for already, that’s your first step. Always. Why? Because it’s a system that’s geared toward automating every aspect of your business processes, developing your operations and increasing revenue. Of course, while this is the most proven method, it’s not the only one.

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The Right Way for Small Business Owners to Manage Their Costs


As a small business owner, you will know that in order to make a profit, you have to bring in more in revenue than the business is costing you. The math itself is fairly simple, although working out costings can be a laborious process, and predicting sales is never going to be an exact science. One reason that businesses fail to achieve the profits they forecast is an underestimation of running costs or a lack of rigor in keeping day to day costs as low as possible. There are many influencing factors that can affect your business’s cash flow, but one that is well within your ability to keep control of is saving money on running costs.

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How to Improve Your Law Practice’s Business Processes


Though the law industry is seen as one of the most profitable sectors to get in to, that does not automatically mean that every law firm out there is a success. You need to adopt the right management strategies in order to lower costs and increase profits. With greater profits, you can reinvest, re-double your marketing efforts, and bring in more clients and even more talented employees. For those small firms that need to either revolutionize their practice, or firms that are just starting out, here is a simple guide on how you can improve your law practice’s business processes.

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5 Important Benefits of Financial Analytics


There are a lot of goals you have for your business. You want to build a product or provide a service that fills a need; you want to change the world for the better. These things should be inherent in all successful undertakings. But there’s something else that needs to be considered in your enterprise: money.

At the end of the day, financial viability is ultimately what will determine whether your business thrives or fails. It’s possible that this will happen by just chugging along how you’ve always done things. However, most other players in your industry aren’t going to idly watch other companies steal their success. You need to take control your business finances if you want to be relevant. These are a few perks of financial analytics.

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How to Make the Most of International Calls for Your Business


As eager as you might be to stretch your corporate operations overseas and mine your company’s potential in foreign markets, you could get heavily financially stung in the process. We are referring here to international calls, which can land you with four-digit phone charges if you aren’t careful.

Fortunately, significantly reducing the customary charges of making phone calls across borders can be a matter of “easy once you know how”. Here are some tips that we particularly recommend.

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Procurement Tips for All Start-ups Must Follow to Reduce Expense


When you are launching a new business, there are a million and one things on your mind to get right. Chances are, procurement is not near the top of the priorities list. In some respects, that is understandable. Most businesses start small, and, in all likelihood, procuring the necessary supplies seems a simple matter. Identify the need, find a supplier, order it, pay for it, done.

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New vs. Used Equipment – Which One Should You Buy?


When it comes to your business, would you prefer to buy everything brand new? Most of us would, but it’s not in the budget for a lot of us. In reality, we usually end up purchasing a mix of used and new items. What’s best bought new or used depends on your industry, but there are pros and cons to each. Here are just a few.

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5 Tips to Educate Employees on Efficiency


The value of employees to an organization can’t be stressed enough. Staff drive all processes within any organization. Well-trained and motivated staff often help in the attainment of objectives laid out by the management.

However, it’s not unusual to find cases where employees deliver less than predetermined expectations often due to lack of development or training. In such cases, the company faces the risk of incurring losses and possible closure.

To lend a hand to increasing personal efficiency at organizations, NILC provides training on business, project management, compliance and lots more which increase productivity which boosts efficiency.

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Managing Gas as a Business Utility: What You Need to Know


Oftentimes, owners of small businesses tend to let the utilities needed to run a business get the better of them. They simply look for the lowest rates and go with it, not even bothering to look through the contract for any possible fees that they could incur. This is understandable as there are often so many things they have to worry about that they allow a few details to slip through the cracks. However, this also has the most potential of tanking the business as the months or years go by.

Not taking utilities seriously is a beginner’s mistake, one that will no doubt affect your business if you allow it. Of all the utilities that are often taken for granted, gas is the most deceptive. It is not something to be taken lightly, which is why it’s important to follow these tips when your business is using gas as a business utility.

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Hidden Costs That Could Threaten Your New Business


It’s a precarious time when you start a new business, so it’s important to be on top of your outgoings and stay aware of any costs that might lead to your venture going under.  To ensure your venture starts on the right step, together with Flogas, we explore those hidden costs that you may not have originally considered.

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