As a startup founder, working with other startup founders on a day to day basis, I get a huge amount of exposure to the European startups scene. I probably met upwards of 1000 startup founders in the past year. After at least 20 years in corporate life as a salesman and then management consultant I am in a good position to see the benefits of startup life!
The founders have vision and passion – The best startup founders are on a mission. They have identified a problem or opportunity and will risk everything to ensure that they address it. They usually have immense positive energy and have the ability to motivate others to follow their vision.
Startups change the way we live – In most walks of life it is difficult to make a real, direct impact. Startups can bring radical change within relatively short timescales and with a small injection of capital. We only have to look at companies such as Facebook, Twitter, Uber, Airbnb and Instagram to see the diversity of change that is possible.
They shake up existing companies – Startups have little respect for the status quo. The taxis in San Francisco were awful; Uber gave a great alternative. The banks and other near-monopolies will be next. There are already startups nibbling away at the non-core activities of these monolithic businesses, providing customers with a better customer experience at a lower cost. It will not be long before startups will disrupt any business that does not provide exceptional service, and the really exciting thing is that they can turn to very nearly any market!
They are a creative learning process – Working on a startup is a constant learning experience. Small team sizes mean that everyone works on every aspect of the business. The environment is dynamic and subject to constant change as competitors emerge and market conditions change. Startup founders have to be highly creative, to imagine new solutions, unique business models and innovative processes.
They are a great environment to work in – Startups are a very different working environment to most enterprises. There is no time for politics or egos. The most important thing is getting the job done as effectively as possible. Startups are finely balanced and there is little room for hanger-oners. The pressure is invigorating, and no two days are the same. They also tend to make use of some of the excellent collaboration and time saving software that exists today – from Slack to Power BI data visualisation, Google Apps for business to Xero, there are programs that help startups (that in turn are now successful once-startups) save time and money where it matters.
Enterprises are increasingly finding it difficult to innovate in the face of competition from smaller more nimble competition. Startups represent an alternative way of organising resources which provides more fulfilment to founder teams and employees and deliver accelerated results. There is little doubt that life in a startup can be extremely tough and is … Read More
In today’s world, your company’s online reputation can be your strongest asset or a pesky liability. One of the most common ways that consumers learn about a company is by reading reviews from past customers. Reviews and testimonials give prospective customers first-hand details of how your brand operates.
In fact, studies have found that online reviews have a huge impact on purchasing decisions. Around 84% of consumers trust online reviews as much as personal recommendations while 74% of consumers say that positive reviews make it easier to trust a business.
So, what do you do if your online reputation has been tarnished with bad Google reviews? Here are four tactics that will help your company to outgrow bad ratings.
1. Respond Instead of Ignoring
After going online and seeing negative Google reviews about your business, it’s hard to not want to recant and tell your side of the story. While it’s a human instinct to want to defend ourselves and those things most important to us, one of the worst things you can do in reaction to a negative review is to pick fight with customers.
Instead of starting a war of words, which only further ruins your business’ online reputation, respond professionally. Refuting a customer’s review will only shed a further negative light on your company. But, by at least taking the time to acknowledge both negative and positive reviews, it shows customers that you’re engaged and willing to accept that your business has room for improvement.
Responding to negative responses also shows that you do care about how customers feel and that your brand is approachable. A personal brand is a successful one.
2. Accept Criticism as Being Constructive
No one likes to hear bad things about their business. Companies are a labor of love and after putting so much time, effort, and energy into your business, it can be hurtful to see negative words. While bad reviews are a hard pill to swallow, instead of reacting negatively or ignoring them, take the high road and turn them into constructive criticism. When responding to customers, let them know of the changes you’ve made to mitigate the problem. At the end of your response welcome them back for business with the promise of an improved experience.
By taking the time to acknowledge negative reviews, it shows customers that you’re being proactive in improving your business. This shows that not only do you care about how customers view your business, it also shows that you care about customer experience and that your brand is quite approachable.
3. Have a Plan to Offset Negative Reviews
The next step in understanding how to fix my online reputation is to create a plan for offsetting negative reviews. By having a plan to have customers write more positive reviews is very helpful in offsetting bad ratings. While good reviews don’t negate bad ones, they will improve your overall rating and will give consumers more reasons to view your company in a positive light.… Read More
Today business strategies are very advanced and consider minute details thoroughly. With the advancements made on technology, it is easier to analyze the factors that can be risky to the business. Companies now should adopt new technologies in their business to be the first mover and get a competitive edge. Technology can be used in every business to minimize the cost and maximize your profit. The right implementation of technology can lead to a huge profit and a sustainable business. It can also create an entry barrier for your competition to enter your business or even if they enter they will operate with a disadvantage.
Using Digital storage
You can use digital storage devices to save data generated by your company. Data is the soul of a company. They are essential for doing research later on for increasing the business and finding new ways to do business. Data is also essential to run the business in the present. Proper digital storage reduces the use of paper which reduces a lot of costs and which is also helpful for the environment as saving paper is equivalent to saving trees.
Using technology to improve customer reach
You can use technology to create more reach to your potential customer. With the invention of social media like Facebook, Twitter, and Instagram it has become really easy and cheap to start branding campaigns for your business. Previously business had to use TV, newspaper, and other media to give advertisement which was really costly. Now you can use digital media to promote campaigns. It is both cheaper and more effective. You can monitor the progress and see more information about your traffic and take the necessary steps to improve your traffic. You can collect leads from the digital campaigns and connect to the leads using email or phone. You can send email and messages in their phones. To make the messaging price cheaper, there are many types of sms services for small business which help you get SMS bundles at a cheaper price.
Using automation tools and software
AI and robots are now a very familiar concept. You can use robots in your business to reduce the cost of your employees. There are many advantages to use robots instead of humans for the growth of your business. Firstly, they can work 24 hours a day, they don’t get irritated and gives the same performance every time and there is technically zero chances of errors and other advantages. If AI is invented and implemented on robots, then they will be more effective. The use of automation software can increase the productivity of your business and save you a lot of time. You can set up a digital payment service in your business and use supply chain management software to track the delivery of your product. You can use accounting software to calculate the costs and keep inventory. Use of technology can certainly make your life easier and reduce the cost of operation in your business.… Read More
The farm industry has changed dramatically over the years. Some of the most notable changes have occurred due to the advanced technology that has transformed how a farm is actually operated today. To survive, it is very important that every farm owner and their workers have the resources that they need to be successful including securing the finances to run an effective operation. Fortunately, there are many different things that can be done to ensure both the small and large farms are privy to the same or similar technologies, especially because they are needed to go forward now and in the near future. One of the biggest hurdles to obtaining the finances needed is finding a lender that will be comfortable with filling in these financial gaps.
Having said that, this is where some of the most reputable financiers come into the picture. Since some of the top organizations in the finance area are committed to assisting with financing farms and their growth, they are known for making sure that farmers who need the financial help will receive what they are looking for. Here are a few things that you need to know about obtaining funds for a farm.
1. Financing Institutions
First of all, the smaller funds usually need a unique financial institution that is actually founded by the industry, such as Sprout Agriculture. Because these financial institutions of farmers are seeing the need for better financial support within the industry, they have begun to band together to solve their own industry problems. Due to financial needs and other resources being lacking in other traditional financial institutions, they have consolidated their financial efforts to provide a financial resource for those who need financial help. This is because the basic premise of these types of organizations is to make sure farmers within their own communities can obtain the best technologies in the industry to run their operations effectively and efficiently.
2. One Stop Shop for Farmers and their Financial Needs
Due to the fact that this financial institution is there to make sure all who have a need obtain what they want, they are also committed to providing an innovation that makes up a one stop shop for farmers and their financial needs. With some farming financial institutions being based in Brisbane, Queensland, farmers can have a one stop shop access to their own advisory board and obtain representation notoriety internationally.
3. Commitment and Belief of Unique Industry Specific Finance Options — Provide Finances for Independent Farmers
Even though technology has been a big blow to the success of the small farmer, there is still room for the farmer that has the capability to support themselves through their own efforts. To make sure these farmers have a stable environment to draw from when it is really needed, there are families who are also committed to helping to assist families who own multi-generational farms. So, some of these finance companies have committed to building a bridge that will allow … Read More
Every small business leader is going to need someone to look over the numbers when they get a business started. In the early stages of starting a business the only thing that you may think about is marketing and promoting. You may have your mind on how you can build up your company and sell products. It may never cross your mind that there is going to be a great need for someone that can assist you with your accounting
As your business grows it becomes evident that you are going to need accounting services to help you when tax time comes. There are business owners that rely on Watson & Watt to handle their accounting needs. It is good to know about your profits and the things that you can deduct from the cost of operations. You need to have balance sheet for your business so that you know what you can pay as well as those things that you can write off. Small business leaders that get with accountants get this information up front to make better decisions when it comes to saving money to pay off taxes if they have a situation where they owe taxes.
Taking Control of Home finances
It is not only the business leader that is going to be in need of accountants services. There are also home owners that need someone to help them with their accounting practices as well. If you are someone that has multiple streams of income you will need an accountant to help you figure out the things that you need to be putting on your taxes in concerns to interest for certificates of deposit or returns on your investments from your stocks.
The working class has many opportunities to make extra income, but you always need to be aware that there are taxes involved in the income that you are making. If you are getting money that is paid to you for services where you may be freelancing there may not be any taxes when you complete the job.
At the end of the year, however, you may find yourself getting 1095 forms for miscellaneous income. If you do not know what to do with these types of forms, you will need to get with an accountant that can give you some way to handle the documents that you have in your possession.
Better Management for Your Finances
Overall, the tax accountant is someone that is going to consistently help you take better control of your financial matters. There are some people that work as contractors and they may not know what they can write off. There are others that may drive cars and wonder if there is any type of depreciation that they can write off for contract at work that they do. There is an assortment of things that people can take a look at when it comes to their taxes to make better financial decisions if they have accountants.… Read More