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6 Services That Startup Owners Should Outsource to Ensure Efficiency

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In the game of entrepreneurship, time and money are important factors that will determine how the business will perform in the long-term. Every startup owner knows the importance of capturing a bigger market so that cash flow will be abundant. But when it comes to time, you can free some of it be ensuring all the processes are efficient.

Outsourcing is a great way of making sure that you are spending time and energy on tasks that matter most to the growth of the business. This doesn’t mean that there are tasks that are less important in a business; it only implies that you should focus on what will help the business move to the next level. There are several services that you can outsource and accelerate the rate of business growth.

Big data and related analytics

We are living in the information age and this has given rise to a generation that lives online. as a response, businesses have to incorporate digital strategies into the business plan.

As such, it’s important to use reputable cloud-based tools that are efficient in data collection. This will help in identification of stumbling blocks to productivity. If the tools are not standard, the data can be misleading since the conclusions will be drawn from erratic data.

For instance, you can collect data about conversion rates, revenues per converted customer to get an educated conclusion on the effectiveness of your marketing campaigns. In addition, you can see which content is popular with the audience as well as how the landing pages are performing.

Data collection on its own is insufficient. If you intend to get a clear picture of the business performance; you have to run a comprehensive analysis. When you outsource this task, it’s possible to get a detailed report that reflects the situation of your business. When you have the reports, it’s easy to make decisions that are informed by the data and make the necessary adjustments.

Content marketing

In content marketing, you are aiming at educating the audience without pushing them to buy your products. Besides lead generation, it will also nurture good relationships with your audience. When the business is young and you don’t have a digital content manager, you can outsource.

While some people will work on creating, recreating and posting the content, the effort may be counterproductive on other management tasks. In fact, most marketers prefer outsourcing a large percentage of the content.

If you are just getting started, you can get a freelancer to handle content creation for your startup. Alternatively, you can get a content agency to manage the content.

Bookkeeping

According to a scientific research from APA, multitasking can make your productivity to drop by up to 40%. This means that you will take a longer time to complete the tasks and the level of stress will be quite high.

Finances are a critical aspect of a startup and the last thing you want is making an expensive mistake when managing the accounts. When you outsource this task, you will be getting an experienced team working on the most important factor of your business.

There are many angles involved in managing business finances. For instance, if you used a loan to start the business it has to be factored into the budget to make sure you are in good relations with creditors. In addition, when you intend to take an additional business line of credit or installment realistic loans to help you smooth out the irregular cash flow, it’s important that an expert incorporate the same in the financial plan.

Payroll management

There are many regulations and laws that revolve around the payroll and it’s wise to have it done by an expert. Since this involves lots of tiny bits here and there, making a mistake can attract tax audits which are both expensive and risky.

Every year, small businesses are penalized billions of dollars for making improper fillings and omissions. You don’t have to employ a permanent accountant to handle the payroll because you can get the services from a contractor. By doing this, you will free up precious time while you make sure that no mistakes will occur during the process.

Human resource management

It’s an open secret that a good human resources department is critical to the success of any company. Nevertheless, when a startup is young there are budget constraints making it almost impossible to have an in-house department.

There are numerous outsourcing organizations that specialized in offering human resource service to companies. You can save your time and funds by having an agency perform tasks like recruiting, capacity development and hiring of specialized personnel.

Basically, contracting an independent firm to manage recruiting and hiring of personnel can be rewarding if you don’t have sufficient experience in the area.

Cybersecurity

Vendors selling IT products and services will always assure you the safety of your data, but as a business owner, you should know better and get some additional cybersecurity. In fact, it’s wiser to outsource a cyber-security service as opposed to completely relying on the word of an IT vendor. The truth is that no company however good can give a 100% guarantee on data safety.

Basically, an IT vendor is not a qualified cyber-security professional and they specialize in selling the services. Every time they tell you that all your data is perfectly secure, please remember that most of the IT networks in use today have security features which are more of an afterthought.

The main job of a cyber-security expert is to stay in constant anticipation of looming threats and developing the necessary measure to mitigate the situation. However, some IT products sold to businesses come with great security features but you should also have a cyber-security expert to give you a better layer of protection.

Conclusion

When your team is busy juggling between securing business funds, accounting, marketing, and human resource management, other important tasks may suffer. In fact, some entrepreneurs think that multi-tasking can reduce the ability to create a great product on time. Therefore, you can outsource some tasks and dedicate your time and energy on growth facilitation.

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

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When Things Spiral out of Control: When Do You Need to Hire an Auto Accident Attorney?

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No matter how careful you are on the road, accidents happen. In fact, the statistics say that over the course of a typical driver’s time spent on the road, they will have been in an average of 3 to 4 car crashes in their driving career.

Not all of these accidents will be major or result in injuries or more than minimal damage. And not every accident requires you to retain an attorney to help you handle the fallout after the dust settles.

So when do you know when to handle your accident on your own and when it is time to hire an attorney? Use these guidelines to help you make your decision.

When to Hire a Car Accident Attorney Immediately

There are times when you can put finding an attorney to help you on the back burner as a consideration, and times when you need to make it an as-soon-as-possible step on your to-do list.

  1. When liability is questioned – You will need to immediately seek an attorney if who is at fault is in question. If either party contests liability, it can be difficult to establish negligence on your own. Retaining an attorney who specializes in motor vehicle accidents can ensure that you avoid being claimed as the sole liable party when it was not your fault or the fault was in part the other party’s as well.
  2. When your insurance company doesn’t want to pay – Another situation in which you need to call an attorney quickly is when you have dealt with and been conned by your insurance company. It is in their best interest to pay you as little as possible for your claim, so it’s common for them to train their adjusters on how to minimize how much they have to pay out for claims.

One way they do this is by getting you to admit fault, at which time they can deny payment for valid expenses. If your insurance company has tried to get a statement from you and you have not done this yet, speak to an attorney first before talking to them. When you retain an attorney, they will deal with the insurance company for you and ensure that you receive the benefits that you are entitled to without a hassle.

  1. If you are injured in your accident – If you are injured in a car accident, as soon as you are able to, speak to an attorney. The extent of your injury at the time does not matter. You will need someone to advocate for you to be sure that your insurance company pays your claims correctly and your medical bills do not pile up on you.

Your insurance policy may have categories that you are not aware of but that you are entitled to coverage through. For instance, many car insurance policies will cover at least a portion of your rental car coverage if you have car damage. Some policies have coverage of lost wages if you are out of work due to a car accident injury. Your attorney will know what to look for and how to get you the most out of your policy.

  1. If a loved one was a victim of a wrongful death because of the accident. Serious injuries and fatalities are all too common in car accidents. When someone passes away as a direct result of the crash, it is called a wrongful death, and the immediate family members are entitled to seek out compensation against the party responsible for their loss.

Wrongful death claims can be complex cases involving multiple variables that need to be addressed as soon as possible. Witnesses will need to be interviewed before they begin to forget little details, the accident scene will need to be investigated before nature begins to cover up evidence, and other information will need to be secured.

For these, and other, reasons, it is crucial to hire an attorney immediately if there is a serious injury that could lead to long-term suffering or even death, or if there has already been a death because of the accident.

When You Can Try to Tackle the Accident Alone

As soon as you have been involved in a car accident and are able to physically do so, you will need to contact your insurance company. In some states, there are time limits for when you must have reported your claim or your insurance company can deny you your benefits, so do this quickly.

Once you report your accident, you may have to file a claim with the other party’s insurance to get your medical bills and lost wages covered, depending on if you are in a no-fault state or not.

This is a pretty straightforward process and your insurance adjuster will likely make it pretty simple for you to handle filing for your benefits. But once you have filed the claim, the insurance company will determine the value of your damage.

If your injuries are pretty mild and you don’t plan on seeking medical treatment, you can handle the case yourself at the beginning. However, if the insurance company denies the claim or it begins to become complicated, or your injuries get worse and you decide to obtain treatment, you may want to reconsider hiring an attorney to help you deal with the insurance company and get the benefits you are entitled to have with your state’s law and your insurance policy’s coverage.

Your Accident Determines Your Actions

Not every accident will be severe enough to result in damages and injuries, and that’s a great thing. But if you are injured in a car crash and you need help paying your bills and getting the benefits you are supposed to have, you are not alone, and you don’t have to handle the stress and paperwork on your own.

Don’t fight the big giants yourself – let an expert car accident attorney fight the battle for you while you concentrate on healing and getting back to your normal life.

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Putting a Number on It: 2 Ways to Calculate Damages in a Personal Injury Case

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Personal injury lawyer

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When a person is involved in a personal injury case, such as one related to a car crash, there are two primary categories of damages for which the injured person can make a claim. These include economic or special damages and non-economic/ general damages. Special damages are typically easy to calculate because the exact monetary value is known, while general damages include pain and suffering, which may be a little tricky in calculating a dollar amount for loss. Two methods of calculating damages in a personal injury case are the multiplier and per diem or daily rate method.

Multiplier

The multiplier method can be used to value your claim and cover special damages. Special damages can be assigned a specific monetary value and includes compensation for the expenses you incurred that stemmed from the accident that caused the injury. These damages can include medical bills, lost wages, loss of profits and operating revenue, medication cost, hospital stay and any “out of pocket” expenses. The multiplier method is commonly used to add up all the special damages. An accident lawyer can guide you in understanding how the multiplier method works.

With the multiplier method damages are calculated by taking the known damages or special damages figure, like medical bills and lost income (losses), and multiplying that dollar amount by a designated number that corresponds to the severity of the injury sustained. For instance, if your actual damages are $10,000, and 2 is the established multiplier, the total damages would be $20,000 — the actual loss/damages is $10,000 and $10,000 is the recovery amount. The multiplier is a number between 1.5 on the low spectrum and 4 or 5 on the high spectrum. The multiplier can be determined by several factors associated with the case, such as the severity of your injuries, projected recovery time, how your injuries affect your daily life, or whether the defendant was unequivocally at fault for the underlying accident that caused your injuries. Ultimately, the strength of your case will determine the multiplier. The multiplier will be greater the more severe the damages.

Per Diem/Daily Rate

The per diem method is another approach applied in calculating damages. This involves demanding a specific dollar amount for every single day you had to live with the pain and suffering of the injuries caused by the accident. The biggest challenge with this method is justifying the per diem used in the claim. You can use your daily earnings to ensure that your daily rate is reasonable, and in so doing, offer a daily rate justifiably comparable to the amount you earn in daily wages. For example, if you are involved in a rear end collision and suffered a whiplash that caused you to wear a neck brace for 120 days, and your daily earning is $140, you would multiply your $120 daily rate by 140 days of pain and suffering, and you would get $16, 800. When it comes to permanent or long-term injuries, the per diem method gets more complicated.

Personal injury cases can be simple or complicated. However, with the right lawyer, the process can be easier to maneuver. Two common ways to calculate damages include the multiplier method and per diem. It is possible to put a number on damages and gain recovery for the   injuries you have suffered.

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Knowledge means power

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Ever since the early ages, having the right information at the right moment has meant power, and only those who could work their way to get it, were able to enjoy that privilege. Today, the Internet has made a drastic change of things, spreading information throughout the world in a way that everyone who has access to a connected computer, can be easily informed of whatever is going on around the globe in a split-second. This fact has dramatically increased the capacity of every individual to choose and get the most from the information technology aimed for a better living.

Printed news

Recent research points out that back in the year 59 BC, in the city of Rome, a pasquinade was used to keep the citizens informed about the daily actions of the Republic. But it was only until the invention of Guttemberg’s press, that the daily newspapers known today, finally appeared by the end of the 15th century in the form of single printed pages. As time passed by, printed press grew with huge strength, and in the year of 1690, the first newspaper named Public Occurrences, was printed in America on the day of September 25th, by Richard Pierce and edited by Benjamin Harris. It had only three pages.

During the 19th century the newspaper evolved and spread thanks to Otto Mergenthaler who invented the Linotype machine, the first device capable of printing a complete set of lines of type for use in the printing press. Since then, newspapers widely spread around the world until recent years when they are starting to migrate to an online format.

You can download everyday any newspaper in PDF

After the rise of the digital era, newspapers were forced to find out new ways to reach people, actual technology trends have driven big changes in the way daily tasks are done, a mere example is the availability of Internet to mass population. By the year 2007 the number of Internet users was already more than 1 billion, creating a new global landscape for all companies, including those dedicated to daily news of course. The level of information available nowadays represents a summit for journalism, but on the other hand, no one seems to be interested any more on reading from paper.

Opportunities for journalists to report spectacular news have grown exponentially but written media has experienced an awful decline. Since the Internet was launched back in the 90s, many newspapers have been forced to redefine themselves. That is exactly what the most experienced and powerful news companies have done: re-inventing themselves. They have played a crucial role in society for about hundred years until now, and these changes are not going to affect to them.

Studies show that even when fewer newspapers roll off the presses, that nightly network news are currently seen by less than half the people that used to watch them every night, and that news magazines are no longer what they used to be a generation ago, the news industry has found resources to feed from in digital media. You can now download every day newspaper in PDF and keep on enjoying the same outstanding information from the Starledger that used to be delivered to your family’s doorstep during your younger days, on a more convenient digital format now!

Gain back your access to the real stuff!

The Internet has replaced television and radio when it comes to breaking news immediacy. On the web, you can easily gain access to blogs of all kinds that provide endless analysis and opinions on whatever trends or news are on fire today, newsletters from sources of all kinds, videos of all sorts and countless other ways of getting information but, only by tracking down your own steps back to what you have known all your life as real and professional, is how you will seriously be informed with real free opinions and outstanding armchair analysis about your true interests.

This is why traditional newspapers have migrated to the net and you can now download every day newspaper in pdf, and read comfortably the New York Times just the way you have always liked, peacefully at home, at the time of your preference with the total confidence that what you are reading is trustworthy.

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