Connect with us

Business

10 Essential Tools For Entrepreneurs and Startups

Published

on

Ideas can strike anytime. An idea may wander in your thoughts waiting for the best time when it can be implemented. A process of thought in your mind can be worth millions. In the present era idea and innovation is they key for a successful business. Addition of new game changing ideas, thoughts and young entrepreneurs are making the business world more dynamic and human life simpler and easier. If you can earn money from your hobby, then what can be a better and more satisfying job than that? You are your own boss, you manage your own money and you have more time for your friends and family!

When a group of colleagues or students think of a startup they are initially not much organized. Often people start with a hobby and when they observe that they have started making good money or money equivalent to their salary they plan to make it bigger and take it to another level, taking it to a complete professional platform. At this one needs to be professional and should create a professional environment that keeps the team motivated and give them the feeling of working on a big change. To help with this we are going to list some ten tools which will definitely help you in managing and running your startup.

1. Dedicated Contact Numbers

A visible complete office address, professional website and a dedicated line number can make your business look more professional and established. For examples having a toll free easy to remember number or 0845 numbers in case you are in UK can help your customers to connect with you without spending much. While having a toll free number will help your customers to connect with you for free, a 0845 number will help your customer to connect with you by paying only for a local call no matter wherever you are. A number of companies are available to provide you dedicated numbers hosted on their telecoms network making it sit on  top of your existing numbers. Thus, avoiding any need to install additional lines. You will also get additional features like call statistics, disaster recovery and online call management.

2. Wave

Wave is a very famous free tool that helps you be your own boss. Wave can help you with invoicing your clients and get paid by them, Accounting, managing Payroll and receipts and personal money management. Wave provides everything for free, only the Payroll feature is paid where they charge $1 per employee. You can connect your banks directly with Wave and it will help you keep a track of your transaction, your earnings, and will tell you where you stand financially and how you can manage it. All the features of Wave are inter-connectable, i.e any money earned through invoicing will automatically be updated in the accounting tool, similarly any bank transaction you make will be updated there. No need for manual entry, although Wave provide manual entry feature for those who are uncomfortable connecting their bank with the tool.

3. Skype

Skype has proven its supremacy when it comes to VoIP. It is quick, free and connects you with your team members around the world whether they are on computer or mobile. After the recent purchase of Skype by the Microsoft it has been nicely embedded in latest Windows OS and Windows Phone devices. Skype is available for almost any platform, not just Windows. There are a number of apps supported by Skype that can enhance its ability to be used as official communicator for your company. There are apps that provides complete PBX (Private Branch Exchange) solution. With Skype you can record your calls, divert your incoming calls to another number or voicemail, call people on their mobile or telephone for a very low price, etc.

4. Cloud Storage

Today with improvement in mobility and degree of freedom we need our data where ever we go. It will cost a lot of space if we start copying everything from our computers to tablet and mobiles and then a lot of effort to keep them on sync. Here comes cloud storage in picture. You can store your file on the online servers and access them, make changes and do whatever on any device. You can also share your documents with your team members and can give them authority to make changes as well. Dropbox is a famous cloud storage provider. With its free 2 GB space and desktop apps you can keep your systems at sync and upload files on the server so that you can access on other devices. Google Drive and Microsoft Skydrive are one step ahead as they provide essential Google Docs apps and Microsoft Office web apps respectively for creating and editing documents, spreadsheets and notes. When it comes to storage and costs, Skydrive is slightly better as it provides 7 GB of free space when compared to Google Drive’s 5 GB and Dropbox’s 2 GB. Also when it comes to extending your storage, Skydrive with its yearly plans comes to be cheaper. You can extend your storage capacity by 500 MB for free in Dropbox by inviting your friends to use it.

5. CrowdFunding

Often you have great ideas that when implemented can bring a good change and generate a large amount of revenue, but to implement such an idea and convert it into a startup requires some investment. If you do not have money to invest and if bank is unavailable to provide you loan, then crowdfunding is the solution for you. As the term suggests it is a platform where crowd (individual people, investors or companies) can fund your idea (can be anonymously) if they really like it. In return you can either give them momentos or gifts or a part of your profit when your business will be a success. There are a number of online services like Kickstarter and Indiegogo which can provide you robust platform to get started and raise money for your idea or cause.

6. Mailchimp

Often you disregard communication and service mails from websites and uncheck “send me communication and promotional mails” while signing up for a service, but there are people who do select it. Interested people want to hear what is new with your company, or when can they expect a new exciting announcement from you, or may be you will provide discounts and offers directly to their inbox to keep them engaged. Never undermine the power of emails. Even if you are not sending any such mails at present, it is a good idea to at least have contact information of your regular readers/viewers/customers as anytime in future you might require to send them a communication mail. For this reason Mailchimp is there to help you out. It can build a list of your customers for you and can help you to contact them with appealing email templates. This service is free up to 2000 customers and sending 12000 mails per month.

7. Website/Blogging Tool

It is very important to have your online presence whether your business require direct online involvement (like e-commerce, online journalism) or not. Having your company online connects you with your potential customers who may be out of your reach in the real world. Customers can find you and easily contact you online. Wix is a platform that can help you create free and beautiful website for you quickly without any requirement of coding. When it comes to online customer engagement, you need to have an updated blog about your company, containing updates, offers, communication etc and anything that is official. WordPress and Blogger are two most popular and powerful blogging platform. Whatever you write is available for everyone and can generate even more potential customers as blogs are indexed by search engines and they can be shared on social media websites generating more views and expanding your reach.

8. Domain name and Professional Email

When you have created a website and blogs for yourself, you need domain name and professional email. Just like point number one that we discussed, having a professional domain name www.somecompany.com and then directing it to your website and having professional email [email protected] can make your business look more professional and established. Godaddy is one such popular service that can provide you domain name and email Id for your company. You can even chose Google apps and that can buy you a domain via Godaddy or any other service and provide you its premium email features on Gmail.

9. Personal Productivity

You have a lot of ideas and things in mind but you forget one thing while doing the other thing? You note down at your desk or on papers creating a lot of mess and clutter. Often startups do not exactly start with an office space you might have your own private space and your team members might have their own. So if you are at any other location you will not be able to access or refer to your notes that you had pointed down on the papers or on the desk. There comes Evernote to help you. Again it is a multi-platform application and you can use it on your mobile, tablet, and computer no matter what operating system you are using. It can capture anything from your ideas, your thoughts, and anything that you think might need to be referred later. When you need to refer to your notes you do not have to search in the clutter of paper, but all you have to do is type some search keywords and Evernote will present you your notes. You can even share your notes, ideas and collaborate on project with your teammates. A similar service exclusively for Mac and Apple products is Omnifocus. If you are already using Skype and Skydrive, then you can use Microsoft Office OneNote, another service by Microsoft like Evernote.

10. Hootsuite

It is the time when almost every company is trying to make their presence on social media bigger. It not only keeps you connected with your followers and customers but also extends your reach to potential customers. Social media is not about time pass and killing time when moms used to scold their kids for wasting a lot of time on Facebook. Today it is a virtual market and with the help of customized Facebook pages you can even sell your products. Hootsuite is an application that can help you manage all your social network profile at ones. In a free account you can add up to five social media profiles. You can not only post, track each posts, respond to notification, view analytic, but also schedule posts. Scheduling a post at night can help you target the people on the other side of the globe even when you are asleep. keeping your social media pages active 24X7.

Use your ← → (arrow) keys to browse

Editor | The World Reporter. An economist, IT specialist and a post graduate student from Romania.

Continue Reading
Comments

Business

What Every Construction Business Owner Should Be Doing

Published

on

building construction

As a construction business owner, you have a lot of moving parts to manage on any given day. There are clients to keep happy and workers who need your guidance staying productive and getting the job done right.

You should be focusing your efforts on a few essential areas if you want to run a successful construction business. If you’re not following through with these recommendations, then you risk letting critical details fall off your radar. Take time to evaluate your current practices and what you can be doing differently and in the future to help grow your business and find success.

Researching Equipment Options

Every construction business owner should be researching equipment prices and options. You’re going to need these items for your projects and can’t be worrying about trying to secure them at the last minute. There might also be logistics requirements you’ll want to figure out ahead of time, depending on the scope of the project. Therefore, look into what products and services the Freo Group has to offer so you can place your order and prepare yourself for your future assignments.

Documenting Project Details

It’s a wise idea to put all you discuss with clients in writing. There will be fewer questions and less confusion when you record the project details for all to see and review. Contracts are an excellent way to ensure that you don’t miss any vital aspects you agreed to and that your clients feel comfortable proceeding with the work. Have a timeline you can follow to help you stay on track with deadlines and inform your customer of any setbacks or delays in your work along the way.

Marketing Your Business Aggressively

Furthermore, every construction business owner should be marketing their business aggressively. If you’re going to be around for years to come, then you need clients who are willing to hire you. You’ll be able to stand apart from your competitors when you use creative marketing tactics and make a name for yourself in your community. Get out and meet people and answer questions that potential customers have for you.

Maintaining A Portfolio

You can also attract clients and drum up more interest in your construction business by having a portfolio of your work. Launch a website that includes these examples and carry an iPad around with you to your appointments so you can show potential clients your past jobs. You want people to see the type of results they should expect when hiring you for a project. It’ll also help them brainstorm ideas of what they might want their final output to look like in the end.

Focusing on Safety

The safety of your workers should be a top priority for you when you work in the construction business. Every owner should be training new employees and ensuring each person wears the right safety hat and equipment when working on the job. Be available and on-site so that your employees can ask you questions when they have them, and you can offer suggestions for improving safety measures, depending on the type of project.

Prev postNext post
Use your ← → (arrow) keys to browse

Continue Reading

Business

Dal-Tile and Mohawke Industries involved in legal conflicts in Mexico

Published

on

legal dispute

Mohawk Industries Inc., together with Dal-Tile International Inc. (Dal-Tile), have had legal conflicts with the Mexican company Internacional de Cerámica SAB de CV (Interceramic) for several years due to Dal-Tile’s attempt to liquidate the company. Recubrimientos Interceramic SA from C.V. (Coatings), as well as to close the plant that operates in Mexico of said company.

Dal- Tile, and Interceramic are partners in the company Recubrimientos, so the Mexican company did not agree with the liquidation or the closure of the plant. Against this background, the Mohawke Industries subsidiary initiated an international arbitration in the city of Houston, Texas, without respecting the statutes of the association it maintained with Interceramic or the Mexican legislation applicable to this case.

Through legal remedies and lawsuits promoted in Mexican courts, Interceramic managed to suspend the arbitration requested by the U.S. firm.

However, the Mexican company alleges that through illegal resolutions issued by judicial and federal officials, which were allegedly corrupted by Dal-Tile, the process resumed.

Derived from the above, on November 20, 2019, Interceramic filed a criminal complaint with the Attorney General’s Office, against the 10th Judge of the Matilde District of Carmen González Barbosa and of the Judges Ignacio Cuenca Zamora and José de Jesús González Ruiz, officials based in the city of Chihuahua, located in northern Mexico, for possible corruption, influence, and bribery offenses.

The accused officials issued illicit resolutions. They arbitrarily and illegally granted inadmissible and illegal protection in favor of Dal-Tile. They are violating the elementary principles of the amparo, jurisprudence and the Constitution itself. It is only explainable that occurred under the commission of the crimes of corruption and trafficking influences. This will be the subject of a criminal investigation by the Treasury so that the necessary evidence is collected to bring the case before a Criminal Judge Federal.

Similarly, the Attorney General’s Office was requested to investigate the existence of a family network within the Federal Courts and Tribunals based in the city of Chihuahua. In which through the imputed magistrates Ignacio Cuenca Zamora and José by Jesús González Ruiz, the District Judges, and other Magistrates can be lobbied, managed or pressured so that through some payment favorable rulings are obtained. 

Proof of this is that the defendants have placed direct family members in positions of other Magistrates through the traffic of influences and/or pressures exerted by their high positions. They have children within courts of the same circuit whose names are Alezith and Arístedes, both with the last name González Ruiz, as well as Ignacio Cuenca Roldán.

Use your ← → (arrow) keys to browse

Continue Reading

Business

High-Performing Stocks of 2020

Published

on

stocks chart

In today’s chaotic markets, it can be difficult to know which stocks and investments are going to make the best, and safest, returns. There’s a myriad of different options and investment strategies. This can make it difficult for the average investor to know what choices he or she should decide on. However, the online realm makes it easy for us to weigh the various potential risks and benefits of every stock on the market. Below are the top seven stocks that may be worth looking out for in the coming year.

Marijuana Stocks 2020

In today’s competitive markets, there are few stocks that have as much of a return, and are as stable, as medical marijuana. The medical marijuana industry, due to government regulation, maintains impeccably high product quality standards, and along with that has not only a completely stable, but also a constantly growing, consumer base. 

Investors want to know the best medical marijuana stocks 2020. One of these stock picks is Aphria (APHA). Based in Canada, Aphria not only sells in it’s home country but also internationally and online, giving it a wide net for potential customers. With annual sales of 179.29 million, Aphria’s revenue shot up 848.1% in October 2019 compared to the same quarter last year. Another potentially lucrative marijuana stock pick is Cannabics Pharmaceuticals (CNBX). Rather than medical sales, this company focuses on biotechnology and cannabinoid research, producing high-quality treatments for cancer patients, among other things. Although the customer base may not be as wide, their state-of-the-art research and developments will be a driving force in the future of the industry.

Investing In The Market While You’re Young

The link above provides many helpful insights into investment strategies and tips for younger investors. Even for those who aren’t as young, there are some incredibly rewarding stock options that provide stable and long-term investment growth preparing you for your future and retirement. Options like Corning Inc. (GLW), Alibaba (BABA), and Deere & Co. (DE), are all stocks that have strong histories of producing returns. Along with this, they offer stable markets and truly are business giants that have been around for long periods of time; they aren’t going anywhere. Although they may not earn as large of returns as some higher-risk stocks, they provide an investment portfolio with excellent stability, as well as a wide range of markets and industries, bringing extreme diversification and balance.

3D Printing: Industry of the Future

Although more high-risk than the previously mentioned options, the 3D printing industry truly is an innovative and growing market that will provide extreme rewards and growth in the years to come. Some of the best stocks in this market include 3D Systems (DDD) and Materialise (MTLS). With a combined market cap of over $2 billion, these companies provide incredible returns, as well as some stability, which is hard to find for an industry that has taken off so recently. 

3D Systems has been around for years, and it’s one of the most stable 3D printing industry stocks on the market. It doesn’t earn as much return year-to-year as some riskier start-ups; however, it’s proven track record provides some safety in a more turbulent industry. With a projected EPS growth over the next 5 years of 63.9%, 

Materialise has a projected one-year return of about 35.4%, which is a remarkable return rate. Although more high-risk than some other 3D printing stocks, the returns on this business can far outweigh the risks, especially if you have other diversified options within your portfolio. Along with these, there are many other 3D stocks that provide incredible growth and it’s an industry that will shape the future of our world.

These, of course, are only a few of the many options within these industries and niches, and it’s advisable to do your own research and evaluation as to what fits best within your portfolio and growth plan. However, these seven picks can and will provide a stable and grounded portfolio base as well as an opportunity for more drastic and meaningful returns, providing balance that is much-needed in the world of investing. If you’re looking to diversify your portfolio, but still maintain high rates of return, these seven picks may be for you.

Use your ← → (arrow) keys to browse

Continue Reading

Trending