How to Lead a Multi-National Business Startup Team

Leading a multi-national team after you’ve launched a startup is no easy task. You still get to deal with the day-to-day worries a regular business owner would. However, you also have thousands of miles separating your various team members, all of which speak their own language, and have unique cultural differences that need to be understood and respected.

Managing multi-national startup team using web conferencing tool

A multi-national company is a great challenge, and the opportunity for immense profits is very real. However, you have to wear many hats to successfully cross cultural barriers, and have the proper technology in place to make communication as instant and seamless as possible.…

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Key Things to Look for When Choosing a Long-Term Courier Partner

Finding the right long-term courier partner can be difficult, however with plenty of in-depth research, you can be sure to find a courier on a budget that aligns your business needs, in addition to having your customer’s best interests in mind.

Reliable courier partner

We are going to look at key things to look for when choosing a long-term courier.

Experience

When looking for a long-term courier for your parcel delivery, it is important that you look at how much experience each courier company has. This is crucial, as this could be the difference between a successful delivery process, and one that is full of mistakes.…

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5 Qualities of Emotionally Intelligent Leaders

Business leaders are not just great at making their companies a success, but they should also be great at handling their staff. After all, without a hardworking and inspired workforce, they will not be able to achieve success in business. This is why leaders are able to handle people, who are warm, approachable and able to handle interpersonal relationships.

Emotionally intelligent leader

People who have these traits have a high emotional intelligence quotient. This means they are great at being aware of their own and other people’s emotions. While these traits can be natural, they may also be developed and honed.

Here are 5 traits of emotionally intelligent leaders:

1.

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Business Addresses: Different Types and Why You Need One

A business address is the official headquarters of a business. They may be the actual place where business is conducted, a mailbox, or virtual headquarters to add legitimacy to the business. Regardless of whether your address is a real place of business or not, the last thing you want is to have a business that’s linked to a residential address, as it makes you look like an unprofessional, non-established upstart to potential clients.

Business Address

Here’s a list of the various types of business addresses you can get:

Sole proprietor address

These people may use their home addresses, but this isn’t ideal.…

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The Importance of a Board of Directors in the Formation of a Company

To build a successful venture, CEOs and other management involved in forming a company need to know it takes teamwork and good communication. The board of directors in a company are responsible for its ultimate success or demise. Unfortunately, a board of directors may collaborate together, but each are individually accountable for anything that goes wrong.

Directors UK company formation agent have to come together before any new corporation is set up. A corporation’s board of directors have the responsibility of steering the company through the rough waters to appease shareholders. In addition, a board of directors also have other duties to perform such as satisfying legal obligations and others, such as those discussed below.…

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The Most Common E-commerce Checkout Mistakes and How to Fix Them

The e-commerce world is only getting more competitive. Setting up an online storefront and selling products and services directly to customers is easy to do these days, especially with CMS platforms like WordPress and Joomla being easy to use, with many e-commerce plugins available for them.

Ecommerce checkout

The competitive market means there is little room for errors. Ensuring a smooth user experience and a pleasant customer journey is one of the ways you can take your online store to success. Customers can go all the way to the checkout page and then decide to abandon their carts because of the slightest disruption in the user experience.…

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How to Protect Your Business from Exchange Rate Volatility

Exchange rates can be incredibly volatile which is problematic for businesses because this could have a serious impact on your bottom line. So, what can you do to protect your business from exchange rate changes?

Foreign exchange rates

Although impossible to predict movements in this market, there are a few steps that you can take to protect your company.

Planning

Like many areas of business, planning is crucial to success in this area. Analyse past trends and set a budget each year which accounts for the number and timing of transactions with a realistic assumption of current and future rates – speak to foreign exchange specialists for advice on this.…

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Branding Your Business: Everything You Need for Small Business

Branding your business correctly is key to its success. Creating a brand that resonates with your customers gives your business a unique personality, and establishes a unique position in the marketplace. Not only does this attract the right customers, but it also helps to raise revenue as more customers turn to you for their purchases.

Small business branding on small budget

So how can a small business develop a strong brand on a tiny budget? Here are five simple things to get you started:

1. Make a Great Logo

Your company logo is an important part of your branding. Not only is it a visual representation of your business, but it also builds brand identity and customer loyalty.…

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Entrepreneurship: 3 Myths and Misconceptions About Starting Your Own Business

Entrepreneurship is alive and well in the USA as each month the number of entrepreneurs is growing. Whether a person just starts something small on the side for extra income, or quits their job and works at their business full-time, it seems like starting a business is a popular way to make money. It’s easy to see why.

Myths about entrepreneurship

When we think about starting a business, we think of the fact we can set our own hours, be our own bosses and be in total control of our lives and business. While this is the case for some and starting a business can be an awesome thing, it’s not all peaches and cream.…

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The Importance of Having a Strong Risk Culture

Every business has its own risk culture, as companies across all industries are exposed to a wide variety of hazards on a daily basis. The difference is how they deal with such risks and how successful these measures are in getting through to employees and forming the risk culture of a business. Creating an enterprise-wide awareness of risk is essential according to RSM and one of the first steps towards a strong risk culture is understanding why it’s so important.

Protect Your Assets and Reputation

With a range of recent headlines highlighting instances of fraud, employee scandals, misconduct and more, a strong risk culture is required to prevent this happening in your business.…

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