Daily Bits

business

6 Ways to Better Manage Your Small Business Staff

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Let’s say you’ve recently transitioned from a management position in the corporate world to running your own small business. Being in charge of your own operation requires a different mindset on a variety of levels. You are now your own boss, and therefore, you’re responsible for every business decision—and mistake.

While the additional duties can seem overwhelming, you don’t have to let it interfere with how you manage your employees. It’s not like the traditional corporate environment, where many tasks are taken care of for you; a different approach is necessary. If you’re interested in learning how to manage small business employees effectively, read on. [Read more…] about 6 Ways to Better Manage Your Small Business Staff

Overcoming Three Common Hurdles of Running Your Own Business

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For approximately 350,000 men and women in the United States, being an owner-operator of their own semi is a path to freedom and financial independence. Many don’t realize it, but as an owner-operator, they are an entrepreneur and a small business owner. Just like any entrepreneur, this puts drivers who own and operate their own trucks into a different segment of the working class. [Read more…] about Overcoming Three Common Hurdles of Running Your Own Business

Playing It Safe: How to Put Safety First in Everything You Do

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On the hit show from the Discovery Channel, Dirty Jobs, Mike Rowe made famous the following expression: safety third. For those who enjoyed a good laugh, it was obvious why the show was a hit.

But in the real world, safety is no laughing matter. And when we put safety third, we are really eliminating safety altogether. Here’s how our priorities often go: [Read more…] about Playing It Safe: How to Put Safety First in Everything You Do

Things to Think About Before Building a New Office for A Growing Business

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So many businesses never reach this point. But you have managed to beat the odds and outgrow your coworking space, your office share, your desk hoteling, and whatever else such arrangements are being called these days.

Congratulations! You made it. And now you have another challenge. You seriously need new office space. It is time to move into your own building. One of the big decisions is whether to take over an existing property or build new. Existing buildings have the following challenges [Read more…] about Things to Think About Before Building a New Office for A Growing Business

3 Ways to Make Your E Business More Profitable

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It is apparent in 2017 that shopping online is becoming more and more popular. You can save time and gas by not having to go to the physical location of a store. If you are not a people person, shopping online allows you the privilege of not having to wait in long lines or deal with the convenient downfall of the credit card machines. Probably one of the best advantages of the online business is how accessible it makes shopping for those who are physically or mentally handicapped giving them that needed sense of independence. Below are 3 ways you can make this miracle of business produce better for you.

Connect With Other Companies

It makes sense that the more people that know about your product, the more you will sell. There are customers just waiting for what you have and surfing the net to find it. Connecting with companies such as Walmart, Amazon, or Ebay will put your product or service in front of the eyes of millions all over the world. Another advantage of connecting with bigger, well known brands is that the average person will tend to give more trust to a name they are familiar with and, more than likely, already shop with on a regular basis.

Integrate Shipping Costs

How many times have you gone to purchase something online only to find that the price you thought you were going to pay is now being inundated with gross shipping and handling fees? Find a shipping company that incorporates your business so that shipping and handling costs will already be included in the cost of the service or item being sold. Just don’t sell yourself short. Make sure to include the cost for everything needed to ship the said item. Being connected with a company that will harmonize with your business will have customers singing your praises as they purchase away.

Customer Sharing

One day, your business is going to be swamped with customers clamoring for your product. There may come a time when the demand far exceeds the supply. What do you do then? Don’t turn them away. Share your customers with one or two other companies with the stipulation of gaining a cut of their profits. All companies like to make money. You may have the ability to satisfy a population explosion of customers for another company, as well. Why not swap customers? This produces a profit gain for both companies and builds business relationships that can be depended on down the road for other needs.

The world of business has always been a little on the complicated side to navigate. E business is still a relatively new venture. The next time you find your sales in a rut, refer back to these tips for assistance. They are bound to be the pick-me-up in your business you need.

5 Instances of Necessary Risk Versus Reward Calculations

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For better or worse, a lot of life ends up coming down to calculations, and none more important than the idea of risk versus reward. And specifically, this often deals with actions. You can think inside your head however you want, but once those ideas get translated into actions (or sometimes words), that’s when consequences start happening.

And five situations in particular where the risk versus reward calculation is going to pop up repeatedly include during business operations, while you’re developing personal relationships, when you’re trying to have fun with substances, the actions you perform during your workday, and whether you choose the permission or forgiveness routes. [Read more…] about 5 Instances of Necessary Risk Versus Reward Calculations