5 Things That Can Actually Make You More Money

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StrategyDriven Entrepreneurship Article
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It’s easy to think that you need to spend as little as possible in business in order to make money. But that’s not always the case. Of course, in an ideal world, your income will always be more than your outgoings, but that doesn’t necessarily mean that you have to cut back. In your business plan, you’re going to want to ensure that you cover off ways to make money, but over time, things are likely to change. Whether you account for this, or it comes as a surprise, there are things you can do to ensure that you continue to make money.

Hiring Staff

The very first thing that may surprise you, but should definitely be apart of your business plan at some point down the line, is the hiring of staff. Because hiring yourself a member of staff or two can actually ensure that you’re able to make as much money as possible going forwards. In reality, doing everything yourself is just not going to work. So, instead, you need to think about hiring your first member of staff as soon as you can afford it. With employees, you can then start to grow your operations in-line with your projections.

Working With Experts

Next, you should think about turning your attention to the experts. Because not only are staff essential to helping you grow, talented teams are too. Whether you need a marketing guru or bookkeeping services, you should definitely be thinking about hiring these as and when you need them. Because when you have professionals taking care of their set area, they’re more likely to do a good job, and you can, gain, focus on business growth and not just the day to day operations.

Shifting Responsibility

At the same time, you may also want to look a little more closely at your workload. If you’re going anything and everything, then you need to take a step back. Even when you’ve hired staff and are working with teams, you need to learn to unload more and more responsibility. If you want to make more money, you have to be able to trust others to do a good job to keep driving your business forwards.

Investing More

Then, you could think about investing. Investing in your business is often an essential way to ensure that you can grow on track. Whether you need more man power, a bigger business space, or even to expand into new markets, you may need to invest more capital. And if it’s going to better your business and make you more money in the future, it’s always worth the expense.

Upgrading Operations

And finally, you may also want to look at upgrading the way you currently do things to see an increase in profits. A fine example of this is making your website better. You may not be necessarily changing anything you do, but with a more refined site that is efficient and just better all round, you could see a huge uplift in profits.

Running a Smooth Operation: Tips for a More Organized Warehouse

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StrategyDriven Tactical Execution Article
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Warehouses play a vital role in the supply chain and can, therefore, have a dramatic impact on your business’ bottom line. If your warehouse is an efficient, organized and well-oiled machine, your business will run more smoothly, and you’ll be able to make more money than it is a bit of a disorganized shambles. Unfortunately, it can be a lot harder to maintain a smooth running warehouse than you might think. If you’re struggling with this, check out these simple tips for a more organized warehouse:

Keep it Clean

Perhaps, the most important thing you can do to ensure that your warehouse is better organized and that it runs more smoothly, is to ensure that it is always clean. Ideally, you should do this by hiring a cleaner to come in for an hour or two each day to clear the clutter and mess and ensure that your employees have an easier time of locating items and moving around the space, unobstructed.

Install Warehouse Aisle Markers

Warehouse aisle marker signs are the first line in warehouse identification. Use them to mark where each of your products is located and it will speedup the process of your employees finding what they are looking for fast, and make the process of unloading simpler, faster and more efficient too.

Cut Down on Clutter

Reducing the amount of unnecessary clutter you have in your warehouse day to day will do more than almost anything else to help you maintain an organized space. Most warehouses have more bins, panels, inserts, and accessories than they actually need to get the job done, just lying around doing nothing, so remove them into a separate storage area for an instant organizational boost.

Adopt Slender inventory Practices

Maintaining a slender inventory means that you only ever stock exactly what you need to get the job done with no excess. Many businesses worry about doing this in case they get a sudden run on a certain product, but if you properly plan for demand and foster good relationships with your suppliers, this should not be a problem. Of course, having a small amount of safety stock is always sensible, but you should reduce this to the bare minimum if you want to run a really smooth operation.

Make Safety a Priority

A safe warehouse is a more organized warehouse, and of course, you don’t want to do anything that would put your warehouse workers at risk, so when you’re trying to make your space more streamlined, do so by placing containers, shelves, and products in the safest place possible. You should also aim to change the layout so that traffic patterns flow easily and that every inch of space is utilized effectively to make things easier on your staff and increase efficiency, which usually means that things are organized so that every member of staff has to walk the shortest amount of steps to complete their assigned task.

Monitor Inventory Error Rates

StrategyDriven Tactical Execution Article
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It doesn’t matter how organized and efficient your warehouse is, you are always going to experience errors in picking and packing now and again, and if you want your operation to be as smooth as it can be, monitoring your error rates can give you the insights you need to implement better strategies for error reduction.

Invest in Stackable Shelf Bins

Stackable shelf bins are great for increasing efficiency and improving organization when you’re dealing with small parts because your pickers can use them to quickly store and access parts that are in demand so that they can get to them faster for greater efficiency allover and fewer stressful moments.

Place Like Items Together

This should be a no-brainer, but so many warehouse operatives have like items scattered all over the place. This makes little sense because, having, say, all of your office chairs close by, means that your employees know, at least, the area they should be looking at to find that product, and because customers often buy several like product, which means it’s easier to fulfill an order when like products are stored side by side.

Implement Regular Training

Last, but by no means least, if you want to be as organized and efficient in your warehouse operations as possible, you should implement regular staff training days to ensure not only that  new employees know what they’re doing, but so that regular staff are kept up-to-date with latest practices and refreshed on old ones. You’d be surprised how much this can help.

Maintaining a smooth operation takes time, but if you implement these practices and stay up-to-date on the latest developments, you should have no trouble keeping your warehouse expertly organized.

So You Think Your Boss Is Breaking The Law

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StrategyDriven Practices for Professionals Article
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In the movies, if someone suspects their boss is breaking the law, the conclusion to the story is pretty standard. The employee – sometimes after a crisis of confidence – reports their boss and ultimately triumphs. They stand at the end credits, a paragon of virtue and Doing The Right Thing.

The real world is very different.

If you suspect that your boss is breaking the law, handling the problem is not quite as simple as you might think. Your career is on the line; the personal finances of your family are on the line. Those facts alone are enough to make someone hesitate and wonder what they should do.

If you ever find yourself in a situation where you think your boss, or the larger company, is doing something illegal, you have a number of options before you.

1 Ignore It

Upside: If you ignore the issue, you’re not going to get into any trouble — or potentially lose your job — due to reporting it. Ignorance is bliss, so you might decide it’s easier to just pretend you’re still ignorant of what’s happening. The choice to ignore the issue is a powerful one, but it might be the one that works best for you and your personal situation.

Downside: You could be affected by what they are doing. Let’s say you are a taxi driver and you learn that risks are being taken with the vehicle fleet maintenance, documents forged, cars that aren’t safe to drive being let out onto the road. Your silence could ultimately result in you having to seek out an attorney that has experience in treating auto and work-related injuries because you become a direct victim of their negligence. This kind of situation can happen in all fields; with white collar crime, you could even be implicated as an accessory, for example. If you think the idea of whistleblowing could damage your career, then you need to think through the potential consequences of suffering for their malpractice.

2 Report Them Anonymously

StrategyDriven Practices for Professionals Article
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Upside: Though we know many famous whistleblowers, there are plenty of anonymous whistleblowers who still managed to make a change to company practices. This helps you to feel safe in the job without fear of reprisals, while still ensuring that changes are made due to your report. You can be completely honest with anonymous complaints because they can’t be traced to you, allowing you to be sure all the right areas are investigated.

Downside: You do have to consider what will happen if your complaint is followed up on by law enforcement or local government. If the entire company is engaged in illegal acts, you could easily find yourself without a job. Before you report, it’s wise to examine your career options and ensure you have a plan B if the company should close. It’s also worth remembering that no anonymity is one hundred percent complete all the time; there’s always a chance – however improbable – that your boss will find out it was you who made the report. You have to be certain of your facts before you make any report to an authority, so don’t make a guess: you have to be sure.

3 Confront Them

Upside: This is the most direct approach and thus can herald the best results. There is always a chance there is an innocent explanation for what you think you have witnessed. This option gives you the chance to find out the full story before rushing to any judgement. There is also the fact that your observations could serve as a wakeup call. Illegal or other nefarious activity is meant to be secret; if you have noticed, it might be a sign to your boss or the company that they are losing control of their secrecy. This, in turn, could make them examine their motives, and potentially change their ways.

Downside: It might end badly; you could be fired, or even pressed into being complicit in the illegal activity on pain of losing your job. This could put you in an extremely difficult situation, meaning you have to choose between what’s “right” and what is best for you and your family. It’s a good idea to make sure you have another option for employment, just in case your intervention is not welcomed.

There’s no doubt that discovering your boss or company is engaged in illegal or negligent business practices is troubling. Ultimately, you have to make a decision that is best for you; hopefully the options above will have given you something to ponder.

Career Development: Climb That Ladder in 8 Steps

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It used to be that there were certain industries you could rely upon to be easy to break into. But, with the need for jobs right now, that just isn’t true any longer. You need to be the best at what you do to get the job you want. Not only that, you need to stay ahead of innovative ways of working. As technology advances, so do the ways that many industries operate. So, how do you stay ahead of the curve and climb the career ladder?

What Are You Bad At?

It may seem like you should figure out the opposite and plug your best skills to your employers or potential employers. However, the skills you lack will soon be noticed in any job you take on. Once you’ve identified the skills you need to work on, you can begin to practice perfecting them. It takes commitment if you want to reach the top of the ladder, so working on your flaws is the best place to start. If you try to hide what you don’t know, it won’t be long before you’re discovered as a fraud.

StrategyDriven Professional Development Article
 
Keep Learning

Business changes every day, so it’s important to keep up with what’s going on. If you aren’t getting the information you need from your colleagues or boss, go and find it yourself. Sometimes, you have to look outside the workplace to advance yourself. For example, someone wanting to progress in the social work industry could do an LCSW online program in their spare time to advance their knowledge and get better career prospects. When it comes to improving the work you do on a day to day basis, it’s important to get the inside scoop from the client. So, if there’s any kind of barrier between you and your client, try and remove it so you can clarify your client’s needs.

Be Valuable

As your business industry advances, so should you. There may come a time when your boss is looking for something specific. For example, if you work in technology, your boss may want to build a team in order to implement a new facial recognition service. The more you know and the more experience you have, the more useful you’ll be. If your boss recognizes your contribution to the advancement of the company, you could become indispensable to the business. The more time you take to research possible changes in your industry in the future, the more valuable you become.

StrategyDriven Professional Development Article
 
Make Connections

Making good connections is so important to career advancement. It’s not just about knowing the boss’s son in case a new position opens up a year from now; it’s about personal advancement too. Getting to know the people around you could mean you learn new and better ways of working, making your days at work much easier and more convenient. Talking to people who do the same job is a way of getting new ideas and thinking outside the box. When you start to think differently, suddenly new doors open and you become more creative with your work.

Read A Lot

I know, who has time for reading with a career, right? But, reading can open your eyes in the same way relationships can. Whether you’re reading the autobiography of an industry leader, or a few pages of an article you found online, it all contributes to what you know. However, it doesn’t mean you have to limit yourself to reading only about business. Picking up your favorite author’s new novel at the bookstore will do you just as good. Reading opens the mind and allows new ideas in. It also helps to relax the mind. So, if you’ve been struggling with a problem at work recently, you could have your voila moment in the middle of a crime thriller chapter.

StrategyDriven Professional Development Article
 
Take a Break

Building up a successful career is hard, and although it’s tempting to go full steam ahead, that’s not going to be good for your health. You can’t take the business world by storm if you’re constantly feeling tired and run down. There has to be a balance between your work life and your personal life. Too many people make the mistake of believing that getting work done way ahead of deadlines will get them noticed. Take the time and spend it with family and friends instead. The better rested you are, the more likely you are to take the world by storm.

Travel

You know what they say – travel broadens the mind. But, it isn’t just a broader mind you can gain from travel. Many students who go on gap years end up staying abroad because the develop careers in different countries. Travelling can do two things when it comes to your career: increase your passion for your chosen career path or change it completely. You’ll sometimes meet the connections you need to branch into something you’ve never thought of before. Similarly, businesses are now trading on the global market, thanks to the use of the internet and it’s many platforms. So, taking that next step on the career ladder could be just about learning more about your customers and the different cultures and backgrounds they come from.

StrategyDriven Professional Development Article
 
Be Confident

It’s easier said than done sometimes. But, being confident is one of the major keys to career success. A client isn’t going to want to bank on someone who fumbles through a presentation and isn’t sure on how to answer questions. It’s also important to be confident in who you will be. For example, it’s okay to say you’re unsure of how something works, as long as you can say you’re willing to learn and will become confident in it in the future.

When you’re trying to climb the career ladder, don’t be afraid to be yourself. Being yourself is the only way you’ll find out if you’re truly cut out for the career you’ve chosen and whether you have the passion to continue with it. After all, this ladder isn’t for the faint of heart.

How to Pick the Best Web Hosting Company

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Because a lot of thought, planning, and money goes into creating the perfect website for your business, you want to be sure it gets the traffic you are aiming for and that the website can handle everything that is thrown at it. This is where the web hosting company comes into play. The web host is the service that publishes your website so others will see it. It provides a company with the actual server space to store all its content and looks after the file maintenance involved in the site. It is easily the most important component in building your site.

So, before you just go ahead and randomly select the first web host that you find, you may want to take some time and use these tips that will help you pick the best web hosting company for your specific needs.

Keep the Three S’s in Mind

A simple way to go about picking a web host is to always keep the three S’s in mind. These S’s are security, support, and speed. Each of these plays an important role, and if even one of these is lagging, the entire site and the user experience will suffer. Each time you investigate a web host, you need to ask about the three S’s and get detailed specifics.

Of course, there is more to it than just the three S’s, these just happen to be the most important criteria to watch for.

Be Aware of Your Specific Needs

It’s also very important that you are aware of your specific needs. It’s hard to shop for a host when you don’t even know what you need. Give thought to the website you are building. If you want to use something simple like WordPress, how much web traffic you are expecting? If you need any sort of special software for the site, do you know what this is and how to get it? Certain hosts will cater to specific criteria, which will help you to narrow down your options and find that perfect fit.

How Reliable is the Server?

Web traffic is fickle in that it will only stick around and stay strong if the website performs smoothly and as it is intended. What this means is that you need a reliable server that can handle your traffic without needing to “time out”.

When speaking to a potential web host you want to ask about their “uptime”, this is the time the website will be up and running, and is reliable. When a website crashes, it’s not unusual to lose more than just traffic, you can also lose out on a large number of potential sales.

What Kind of Pricing is Offered

Budget should always be on your mind when shopping for a web host. You want to find a package that offers everything you need, doesn’t have any surprise costs built in, and fits your budget.

Picking a web hosting company isn’t something you want to rush through. It’s important to do your research, take a good look at your options, and make sure you weigh all the pros and cons before making a final decision.