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Online conferences through webcams and microphones have become more and more commonplace, mostly due to the huge boom in people working from home or forming start-ups. Yet many companies and individuals are still failing to embrace this change and are sticking to the regular board room. There will always be some advantages to meeting in-person, but failure to adapt to online conferencing software could leave some companies behind, cause them to miss opportunities, and lose out on a better way of working. Here are just some of the reasons why the IT industry prefers virtual meetings and how they can be of benefit in your office:

Saves Budget

Business 2 Community says that video conferencing used to be seen as the more expensive option when it was less common and therefore equipment cost more than it does today was more difficult to use. Today, the opposite is true.  A monthly subscription to a business video conferencing system for IT purposes eliminates the need for work-related travel or office space. Since cloud based systems can be used on devices that people already own and use regularly, there are typically no additional costs involved. Some people have even been cancelling their landline phone services as they can make affordable video calls through their smartphones instead. The money can instead be re-invested back into the business or put into more important areas. Even if you do need to buy new computers or webcams for the purposes of online meetings, it is only a one-off cost that will pay for itself in no time at all.

New Opportunities

Not only does this technology save money, but according to smallbusiness.co.uk, it also returns on its own investment. By allowing companies and individuals instant access to collaborators, clients, customers, and new employees from anywhere in the world, it opens up networking opportunities in ways never possible before. Before, landing a deal with a large international client used to involve flying them into your office and paying for their accommodation and entertainment. Today, it can all be done through video calls almost instantly. The ability to hire a remote team also means that recruitment isn’t limited to the immediate area.

More Energy Efficient

IT professionals are incredibly conscious of their environmental impact and will go to great lengths to ensure that they and their corporations will reduce their carbon footprint as much as possible. Video conferencing has gone a long way to help with this. The reduction in carbon emissions from travelling to the office for meetings or even flying internationally is substantial, with the additional benefit of reducing the amount of traffic on the roads.

Improved Work/Life Balance

The reduction in car travel is good news not only for the environment. For years people have been frustrated with the daily commute to the office and having to spend hours of each day stuck in traffic, which was time they could have been spent with family, pursuing leisure activities, or building a residual income. They have also been frustrated once they do arrive at the office to find that a large part of the work day involved checking piles of e-mail or sitting through pointless meetings. Almost all employees who have switched to working from home, even for just a few days each week, say that it has improved their work/life balance significantly, improving their mental health and allowing them more time to spend with loved ones. Video conferencing has been largely responsible for this change, as people not only eliminate the need to travel to the office every day but also the need to spend days or weeks at a time away from home on business trips. Some people have even used it to replace their e-mail, freeing their work day up for more important tasks.

Improves Technology Further

Virtual meetings haven’t just taken off thanks to improvements in the technology field, they have been largely responsible for these improvements themselves. More and more companies and individuals are upgrading to faster internet suppliers to improve the quality of their calls and investing in better computers, mobile devices, and projectors for seminars. This helps them not only during their meetings but in all other areas of their professional and personal lives too, keeping them on the cutting edge of new technology that will help them to keep up with their competitors and stay in business during difficult economic times. No longer do they have to worry about constantly dropped internet connection or blurry images during their video calls.

While there will always be some advantages to in-person meetings and the office environment, IT professionals and employees of all departments have been finding that online conferencing has numerous advantages and has greatly improved their lives and enterprises. If you haven’t already, try it for yourself and feel these advantages for yourself.

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Student @ Advanced Digital Sciences Center, Singapore. Travelled to 30+ countries, passion for basketball.

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How To Make Business Life So Much More Favourable

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If you have a business or you’re heavily considering starting a business, then you’ll know all about the perils and the difficulties that will come with it all. While it seems like such a wonderful idea from the outside looking in, it’s actually something that can really take its toll on you if you’re not prepared enough both mentally and physically. 

You’ll always be looking for ways to make business life an awful lot more convenient. The idea in this game is obviously to work hard as you never get anywhere without a serious commitment. You’ll really want to focus on working smart, however. Hard work for no reason is foolish when you have much better ideas and techniques staring you in the face. Business life can be a real hassle if you get things wrong and have to go through laborious days. Here are just a few ways to make your days, weeks, and months a lot more favorable for you: 

Get The Right People Around You  

Who you share your time with in business matters so much. If you have all of the wrong people, then you could be on a downward slant over the next few years. If you have good people with the right attitude and intentions, then you’ll likely become a lot more successful. In terms of using the right people, we’re talking about networking, hiring staff, bringing in specialists, soliciting advice, and so many other areas. Business is an interpersonal game, so make sure the right groups and individuals work with what you’re trying to achieve. 

Embrace Technology A Lot More Than Perhaps You Are Right Now 

If you’re already someone who wants to milk every platform they have, then this idea won’t worry you too much. There are so many pieces of ai powered software around that will help you with what you’re trying to achieve. Analytics, ads, management, and so many other areas can be bolstered with good programs. 

Set Up Genuine Plans With Achievable Goals 

This sort of goes without saying because you’ll likely have plans for the tasks ahead. This is more the idea of creating more structured plans for areas that are perhaps freer and less structured. Setting goals for everything you do can lead you to understand more about what needs to be done. It also gets everyone even more motivated. 

Take Care Of The People Working With You 

In terms of those you’re with, you’re going to need to treat them properly. It’s amazing what can happen if you neglect how they feel and the work they put in. The best leaders will always hone in on each individual and check in with them. 

Outsource Certain Jobs That Are Tedious

Sometimes, there are particular tasks that – although they need to be done – take up lots of unnecessary time and stress. If you are outsourcing admin, for instance, it makes life a lot easier for you as you all can focus on the productive and progressive side. 

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Current Trends in Business That Every Entrepreneur Should Work Towards Achieving

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The world of business is changing and with it the trends that entrepreneurs should be working towards. Entrepreneurship has become a lifestyle as opposed to just a paycheck. With an entrepreneurial mindset, you can do anything. Check out these current trends in business that every entrepreneur should work on achieving:

E-Commerce

E-commerce has been a significant trend for the past few years, and you can expect it to continue being so. E-commerce has multiple benefits, including increased revenue, high availability of products, and a more significant customer base.

E-commerce allows businesses to be present on all digital platforms, which helps them reach out to more customers quickly. In addition, it makes it easier for companies to reduce overhead expenses as there are no physical stores that have rent costs associated with them or inventory levels that need maintenance constantly. Statistically, e-commerce has grown rapidly in the past few years from 25% – 30% year on year.

Financial Apps and Software

The software aspect comes into play when considering how businesses manage their finances moving forward. Companies must adapt to technology. Otherwise, they will find themselves left behind by competitors who embrace emerging technologies such as cloud computing and mobile apps. It is also easier to make purchases using these apps and communicate with the sellers. Incorporating such software with equipment and partnerships with a payment processing company will diversify the business activities and set you up for expansion.

These apps allow them to move away from traditional forms of financial management such as spreadsheets and accounting software to financial management apps such as Xero. With these new apps comes the ability to monitor business finances from anywhere, which can help businesses grow faster than what they would ordinarily be able to manage with slower conventional processes.

Blockchain Tech

Blockchain tech is the current trend in business that every entrepreneur should work towards achieving. You can apply this technology to many different industries, and entrepreneurs need to find their niche within this growing market. It’s also critically important not to overlook blockchain tech when deciding which cryptocurrency or token you want your company associated with.

Both positive and negative factors are involved in choosing one solution over another, but it all comes down to finding what works best for each situation. For example, today’s most valuable aspect of blockchain tech is its promotion of secure transactions between parties while eliminating third-party transaction fees (or at least significantly reducing them).

It means that businesses operating on a global scale could potentially enjoy significant savings in maintaining financial records. Transparency is also an important selling point for blockchain tech. The decentralized nature of its design makes all transactions public and easily accessible by anyone who has access.

Fraud and Cyber Crime

Another current trend that every entrepreneur should work towards achieving is fraud and cybercrime. In today’s modern world, the internet has brought the business community closer together as it allows you to reach a global market from almost anywhere with an Internet connection. Unfortunately, this means those who want to take advantage of this have access to millions of more potential customers, making it easier for fraudsters to steal money from unsuspecting victims.

Businesses that are not careful can fall victim to several types of cybercrime, including phishing, spoofing, pharming, and identity theft. These crimes are increasing at an alarming rate as more people use the internet for business purposes which means scammers often target them.

Conclusion

Today, business is becoming increasingly challenging. The traditional ways of doing things don’t work anymore, and it’s time for entrepreneurs to adapt to stay relevant within the industry. However, the industry itself is evolving rapidly, and it’s challenging to keep up with the changes that are happening every day. Fortunately for you, this post is here to help you understand the current trends that every entrepreneur should work towards achieving.

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Employee Training and Development Becomes One of the Most Disruptive Megatrends That Is Shaping the Future of Work

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Employee training

There is no question about the effectiveness of employee training and development. It’s incredibly important to help your staff advance their skills and knowledge to help grow a business, but the impact of employee learning has often been understated and even neglected. However, companies are now suggesting that employee training and development is one of the biggest megatrends that have completely transformed the future of work. It has overhauled how businesses should be developing and engaging with employees, and it’s leading to an incredibly diverse and talented workforce that is capable of wonderful new things.

Part of the problem of employee training and development is that it’s difficult to measure its impact on the workplace. Employee performance often isn’t a quantitative measurement that is easy to read and link to their output. This is one of the reasons why the effectiveness of employee training and development has been questioned by management experts.

Thankfully, new strategies have been developed to help measure workplace learning and its impact on companies. Below, we’ve included a helpful infographic that covers some of the most important measurements, such as return on investment and how it is calculated in the context of employee learning and development. It should put the effectiveness of employee training into perspective and will help you better understand when training is needed and how development actually improves your business and its productivity.


Infographic by: Ezra Coaching
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