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3 Ways To Get More For Your Money When You Start A Business

It’s one thing to run a business and it’s another to grow your business. The difference between the two is the use of the Pareto Principle, better known as the 80-20 rule. According to this principle, 80 percent of your results will come from only 20 percent of your efforts.

Business operations

Since the aim of every business is to increase profits, a person who runs a business focuses on marketing and sales. Meanwhile, someone who grows a business will also focus on marketing and sales—but they will also apply the Pareto Principle to overheads. He or she will try to isolate the 20 percent of B2B services that increase 80 percent of the business’ performance.…

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The Power of Anticipation

As a professional you experience a multitude of problems on daily basis.  If you don’t know how to handle all the pressure, then you’ll break. So, what should a professional do? Read on.

Thinking businesswoman

“Just try and be present” is something people with anxiety and stress hear an awful lot. It’s not bad advice, but it’s also a little vague. No one really says what “being present” means. If it means moving forward with your life even in the face of adversity, then that’s a good thing to tell people.

We all want to be able to close our eyes and just experience life as it is in that particular instant, but it’s so much easier said than done.…

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Business Taxes That Small E-Commerce Businesses Should Be Aware Of

Managing taxes for your business is, well, taxing. It involves a lot of paperwork and several receipts, all of which you need to properly sort out and file. Even if you’re running a small business, taxes are still part of your responsibility, and this same goes for small e-commerce businesses.

Calculating taxes

Are Online Businesses Required To Pay Taxes?

One common misconception is that selling online does not involve paying taxes. Some e-commerce store owners may not know this, but paying taxes may be required in the area where your business market is operating.

In some places, taxation includes Internet marketplaces – that is, e-commerce websites like Amazon and eBay whose products are sold by individuals and not by the websites themselves.…

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4 Skills to Master for Improving Business Processes

Business owners often look for ways their companies can improve. After all, nothing is ever perfect and the more your company evolves, the more likely it is you’ll succeed long-term. Fortunately, improving your business doesn’t mean you have to make drastic changes. There are small skills everyone in your company can learn to help improve your business processes. You can inculcate these skills by offering green belt training and start focusing on these often-overlooked business skills.

Developing business skills

1. Problem-Solving Skills

Problem-solving skills are essential to every business, but it’s not something that comes naturally to everyone. Consider offering a Six Sigma certification program to your employees to help them improve their problem-solving skills.…

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The Rise of Do-It-Yourself Home Business Security

Running a home business? If so, then home security is even more important for you. Not only protecting your personal well-being, but you also need to protect your business’ continuity.  Indeed, it’s essential for peace of mind. It doesn’t matter if you live in a normally safe neighborhood. Unwanted, nefarious intrusions can happen anywhere, at any time.

Business premise security padlock

For a long time, folks have been relying on security companies to guarantee their protection. However, many people are now finding it better to find their own ways of securing their home business. Here are some ways you can perform DIY home security.

Secure the Exterior of Your House

The outside of your house is what a criminal is going to use to determine whether it’s worth breaking into.…

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4 Reasons Your Business Might Need a Consultant

Managing a business comes with great responsibility, and CEOs can often feel like the responsibility of a whole company is resting firmly on their shoulders. There are times when a consultant can help carry some of that weight, whether that’s launching and marketing a new product or progressing your business through a specific stage of development.

Business consulting

But consultants can help businesses in many ways and do so much more than just lending a strong and steady hand. Here are four reasons your company might need one.

1. You need specific skills

Often as a CEO, you’ll need someone for your business with a set of specific skills.…

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Top 3 Trends in Freelance Work

Freelance jobs are bigger than ever now that technology and remote, or work-from-home, jobs are becoming increasingly popular in the workforce. And no, freelance work isn’t just for Millennials. In fact, nearly 40 percent of the workforce in the United States today is made of up freelancers!

Happy freelancer

Let’s take a look at some of the top trends in the freelance economy and their impact on both freelancers and freelance employers.

Freelance Work is Appealing

Freelance work has become so popular since it’s appealing to both employers and employees. Employers can hire freelancers to work on a per-project basis, short-term or sometimes even long-term contracts.…

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Things Every Business Owner Should Know About Hackers: A Crash Course in Keeping Your Company’s Data Safe

Hacker-proof

If you ask a group of people what they think of when you say the word “hacker,” you’ll probably get a lot of different answers. Over the years, our understanding of hackers and hacking has shifted. During the computer boom of the 80s, hackers were high-tech spies. Today, we imagine hackers as everything from burglars to vandals to inventors. But what do you as a business owner need to know about hacking to keep your company’s sensitive information safe?

Well, for starters:

  • The who, what, and why of hacking
  • Best practices for keeping your business’s data secure
  • How “good hackers” can help protect your from cybersecurity threats

 

Portrait of a Hacker

What is hacking?

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How to Start Your Own Online Business

The Internet has leveled the playing field for all and makes it much easier for anyone to start their own online business. But where do you start?

Online business owner

Your Business Plan

If you have made the decision to start an online business, you probably already have a business idea but will need to do some research to access the viability of your idea. Some important areas of research are:

  • Is there a need for your product or service?
  • Who is your target market?
  • Who are your competitors?
  • What makes your business different than your competitors?

It is better to do your research before embarking on launching a business so that you don’t spend your time and money on a business idea that won’t be successful.…

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The 5 Pillars of a Platform Business

Compared to traditional market, a platform business model capitalizes on the interaction between producers and consumers. There is no need for a business to physically produce a product that will be distributed. Rather, it makes use of the internet to facilitate exchanges, and consequently, create value.

AirBnB is an example of a platform business

If you’re interested in jumping into the bandwagon, you need to understand the basics that make a platform business successful. For a better understanding of a platform business and how to succeed in its adoption, you might want to consult with the professionals working at http://vivaldigroup.com/en/. But to get you started, the following guide covers the basics; here are five pillars of a platform business:

1.

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