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Effective Ways to Cut Your Business Expenses

StrategyDriven Managing Your Finances Article |Cut Your Business Expenses|Effective Ways to Cut Your Business ExpensesAll businesses cost money to run and involve necessary expenses such as employee salaries, office overheads, and supply costs. While some expenses are unavoidable, there are various ways to cut your business costs and save more each month. Becoming more financially aware and identifying ways to lower costs will boost your bottom line and provide you with more cash to invest in core areas of your company. With this in mind, here are some effective ways to cut your business expenses:

Reduce staff turnover

Recruitment is a significant expense for businesses, and many companies invest heavily in their recruitment strategies to attract the best candidates. Recruitment costs increase significantly when you have a high staff turnover rate, as you will have to invest resources in advertising job openings, vetting applicants, and training new employees. High staff turnover will also cause disruption in your business, which is likely to harm productivity and overall revenue potential. The current job market favors candidates, and research shows that there are currently more job openings than hires. With this in mind, it is more important than ever for employers to keep their teams happy and take steps to retain their skilled employees. You can minimize staff turnover by offering competitive pay and benefits, praising your staff for their work, and offering regular career advancement opportunities.

Lower your office costs

Your office overheads are likely to be your biggest business expense. Reducing your office costs can be a reliable way to cut your business expenses and boost your bottom line. Luckily, there are several thrifty ways to lower office costs. Here are a few ideas:

  • Move your office to a more affordable area:commercial properties tend to be cheaper when they are located on the outskirts of city centers.
  • Relocate to a smaller office space that offers a lower monthly rent.
  • Reduce the number of employees in the workplace by offering flexible and remote working. This should cut your office overheads and can also be an effective strategy to boost office morale and employee engagement.
  • Encourage green habits in the office, i.e., switch lights off during the day and have all equipment on the more eco-friendly setting. Switching to more sustainable workplace practices will reduce your company’s carbon footprint and cut your monthly utility bills.
  • Invest in a utility management solutions pay bill service to help you stay on top of your bills, reduce expenses, and save time.

Negotiate cheaper supply costs

The majority of businesses make wholesale supply purchases. Negotiating lower deals on supplies can make a dramatic difference to your monthly expenses, especially if you make wholesale purchases on a frequent basis. Make sure you shop around to find the best-value wholesale distributors. If you want to target proven fast-moving products, consider selling wholesale cups & mugs. You should always speak with your current supplier before switching, as they may be prepared to match the lower rate. This will allow you to avoid any unnecessary hassle and reduce the risks involved with switching suppliers. You may also be able to instantly reduce your business expenses by finding better energy rates. Switching to a new business energy provider could save you up to 30% and takes just 5 minutes.

Truck Driving Tips: Safety Rules for a Long Haul

StrategyDriven Tactical Execution Article |Truck Driving Safety|Truck Driving Tips: Safety Rules for a Long HaulThe safety of truck drivers and the safety of other drivers on the road are of primary importance. Being a successful truck driver does not start and end with you obtaining your CDL. Driving safely is easier said than done. Staying safe on the road, especially during harsh weather conditions can be hard even if you take the Illinois car permit test. To drive professionally, you will need a great deal of skill, since truck driving carries a lot of duties for the safety of others on the road. Being safe is what will keep you alive every time you are confronted with the anxious moments when you are behind the wheel.

Truck Driving Safety Tips

What are you shipping?

Sometimes, you will be called on to haul hazardous goods; in that case, it is significant to know what you are hauling. Any element that is considered to have a threat to people and the environment is considered as hazardous materials. For example, when you are shipping lithium ion batteries, there are things you must know. The hazardous materials should be marked in English; you must have some training, including general awareness and acquaintance with hazardous materials. It is vital that you know your responsibility as a carrier to safely and securely transport dangerous goods.

Wear your seat belt

Truckers can overcome accidents; however, that should not be an excuse for not using their seat belts. As a matter of fact, all truck drivers and passengers are required by law to wear seat belts. According to the NHTSA, the safest choice that a driver and the passengers can make is to fasten their seatbelts. Buckling up helps you stay safe inside your truck, not buckling up can end to you being ejected from your vehicle in the event of an accident. Always follow the seat belt guidelines to maintain your safety and other road users’.

Eat healthy on the Go

The big challenge with motorists who want to eat healthy meals is getting over the usual high-calorie cost to find a low-priced but healthy food variety while out on the road. Moreover, a healthier diet and enough rest will keep you more attentive on the road. Ensure that you get enough sleep and pull-over whenever you feel tired. Most grocery stores have ample parking for trailers, although you will have to walk a bit. Grab a light grub, stretch your legs, and take a nap. Avoid junks like sugary drinks and don’t consume heavy meals; they can trigger drowsiness. Instead, opt for healthy alternatives that can keep you alert on the road.

Keep lane changes at the minimum

To be safe on the road, you need adequate space all around your truck. In case something goes wrong, space gives you enough time to take action. Commercial vehicles are typically broad and can take up most of the lane. Here, the truck crash attorney and experts at fasigbrooks.com say, minor negligence can lead to horrifying accidents taking a toll on one’s health or life. Therefore, one must remain in his/her lane throughout the travel or leave enough space for other vehicles to move safely. However, if you are a safe driver, you will manage the little space you have by keeping your truck fixed in the lane and avoid driving on the edges. It is advisable to pick a lane and stay on it; however, if it is necessary that you change lanes, move very carefully, beware of blind spots, and frequently check your side mirrors.

Adjust for bad weather

There are some areas that are known for having unpredictable weather; however, you should try and keep track of changes and avoid hazardous road conditions as much as possible. Changing climate and poor road conditions impact commercial trucks more than passenger vehicles. Road conditions are not within your control; however, there are numerous sources that can help you keep up with the weather and road conditions. Commercial trucks usually need a lengthier stopping space, so cut your haste by one third on damp roads and by one half on frosty or snowy roads.

Additionally, take your time to maneuver on poor road weather and allow your blinker to run for five blinks before you change lanes.

  • Watch out for blind spots
  • The typical ‘no zones’ include
  • Straight behind your truck
  • Just behind the side mirrors
  • Off to the side just in from of the cab

Motorists who are not aware of these blind spots may drive dangerously close to one another. This can be very annoying, but it is up to you to exercise caution before turning or even changing lanes. Also, make sure that you are maintaining a safe distance between you and other motorists.

Avoid distracted driving

Distracted driving is one of the leading causes of accidents on the road. Distractions can be categorized into three types, namely;

  • Manual
  • Cognitive
  • Visual

Nowadays, the most common type of distraction comes from mobile phones and other technological devices. The probability of causing an accident when using a cell phone is four times higher. The risk increases significantly, considering the amount of time cell phone usage can occur during a drive, especially when it is a long one. Using voice-activated or one-touch dialing is the best way to avoid cell phone distraction while driving.

Always beware of your trailer

The typical trailer is about 70 feet long; hence, you must beware of the trailer whenever you are making turns or changing lanes. Before changing lanes or making a turn, make sure that your mirrors are fixed and turn-on signal for three seconds and then take seven seconds to make a lane change.

Safety Tips for When You Arrive

Don’t stop following the safety tips just because you are hauling into a truck corner. Things can go wrong even when you are packing. Make sure to follow your path and examine your endpoint. Inspect your truck even after packing and unload the cargo wisely. After unloading your vehicle, inspect your truck and report any faults and lock the doors.

Bottom Line

Trucking comes with its own way of life, and it is not just an ordinary career. The long hours and the lengthy drives can take its fee. However, if you follow the above safety tips, you will return home in one piece to your family every time.

How To Be Constantly Improving Your Business

StrategyDriven Business Performance Assessment Program (BPAP) Article |Improving Your Business|How To Be Constantly Improving Your BusinessYour business may be getting by currently, but it doesn’t mean you’ll be able to achieve or sustain long-term success. The reality is that nothing is promised to you, and you must stay ahead of the game and curve if you’re going to be able to retain customers and win over new ones. To do so, you must focus on ways you can constantly be improving your business and getting ahead.

As the business owner and leader, it’s your job to put measures in place that help you to achieve and exceed your goals and customer expectations. You want to make forward progress before it’s too late, and all your hard work becomes irrelevant. Now is the time to step up and take control of your business and figure out what you can be doing to excel and win over more customers.

Revisit Your Goals

You can be constantly improving your business by revisiting your goals often. Although you have a good idea about what you want to accomplish in the next few years, it doesn’t mean that the information is set in stone. Evaluate the situation regularly and determine what’s working and where the gaps exist so you can make necessary adjustments to your plan. Remain flexible and adaptable so that you can modify your approach and management style based on what you’re observing around you. Make amendments that will help you reach your goals at a quicker rate and keep you from wasting precious time and resources.

Train Your Employees

Improve your business by investing in your employees and their futures with your company. You have to communicate expectations early on and set them up for success if you’re going to get the performance results you desire. It’s in your best interest to train your employees and get them all on the same page and up to speed with recommended business processes. Make your training events such as employee onboardings, software training, and corporate learning events more successful by using an iPad rental service. Each person will have their own technology device to use and will be more engaged in the educational programming you’re offering this way.

Gather Feedback

It’s easy to make quick judgments and assumptions in the workplace, but this may cause you more problems in the long run. Instead, constantly be improving your business by collecting feedback from employees and clients frequently. It’ll help you to make better decisions based on data and facts instead of you playing guessing games. You may find that some areas need your attention that you thought were going smoothly. Gathering this information will provide you with valuable insights into what you should be focusing on as you strive to make improvements at your company.

Follow Industry News & Updates

Another way to be constantly improving your business is to follow industry news and updates. Knowing what’s going on with your target audience and niche will help you to adapt and roll out better products and services. Understand how your industry is changing and evolving and what impact technology is having on your business. Take the time to read relevant blogs and follow thought leaders on social media so that important information doesn’t pass you by. You’re going to be able to predict future trends better with this knowledge and impress customers with your agility and ability to innovate.

Be Open to Learning

When you improve your skills, your business will also improve. If you become too comfortable and stagnant as a boss and leader, then you risk your business following in your footsteps. Therefore, be open to learning and working on becoming more knowledgeable in areas that are unfamiliar and challenging for you. Take online courses, attend seminars, and converse with other business leaders so you can advance your skill set. You’ll want to not only educate yourself but also implement what you learn at your workplace so you can make impactful changes to your current approach. Remain curious and inquisitive so that you’re always taking new information in and can avoid assuming you know it all.

Evaluate the Competition

Your competitors are going to be right at your heels, just waiting for you to make mistakes and take a wrong turn. They want to steal customers away from you and make sure they’re number one. Therefore, it’s in your best interest to evaluate the competition regularly if you want to be constantly improving your business. Focus on identifying where they’re falling short and figuring out how you can step in and offer solutions to problems that they aren’t currently solving. Learn from their mistakes and build off of their successes so you can stand above and apart from your competitors.

Address what’s Broken

Looking the other way and ignoring significant problem areas your business is facing will only backfire on you. Your employees must have the tools and resources they need to perform their jobs so they aren’t always fighting an uphill battle. You can constantly be improving your business by addressing and fixing what’s broken. Be a good listener and hear what your employees and clients are saying and what their pain points are so you can deal with the situation. Although there may be a mess to untangle, your hard work to rectify the situation will help move your business forward in the right direction.

Find A Mentor

Constantly be improving your business by finding a mentor who you can rely on for advice and input. Use this person as a sounding board and try to understand the reasoning behind their recommendations so you can apply the lessons you’re learning in the future. You’re going to have questions and issues that arise along the way, and it’ll be helpful to have someone you trust in your corner that you can bounce ideas off of as you go. Learn from their past mistakes and experiences so you can avoid these same mishaps at your workplace. A mentor is a helpful observer and will be able to objectively tell you what you’re doing right and what may be holding you back from achieving a higher level of success.

Take Calculated Risks

No one in business ever made it too far without diving into unknown waters and taking a chance. Improve your business by getting away from the business as usual mentality and instead taking calculated risks based on your problem-solving skills. Sometimes you have to step outside your comfort zone and do what’s not so easy if you want to make a true difference in the business world. You want to feel comfortable moving forward with your decision and also have a backup plan in place if you should fail or begin to struggle. The good news is that if you’re right, taking a risk may be the best choice you ever made for your company.

Conclusion

Being able to improve your business around the clock may require a lot of hard work and effort on your part but the rewards that come with it can be priceless. You risk falling behind and becoming irrelevant if you aren’t willing to take chances and make changes as a business owner. You can’t rely on what you’ve always done to get you to the next level. It takes a commitment and you dedicating yourself fully to overcoming obstacles and staying the course even when you stumble and fall or have setbacks. Believe in yourself and give yourself the benefit of the doubt so that you can turn your business around for the better and make impactful improvements.

In-House or Outsourced IT: Which Is Best for Your Business?

StrategyDriven Managing Your Business Article |In-house or Outsourced IT|In-House or Outsourced IT: Which Is Best for Your Business?Presently, IT businesses have a lot of requirements and various tasks to be done from design, content creation up to development, marketing, and administrative work. Every task is important and requires human resources. The main question is whether to hire a full-time in-house team or outsource and bring in the experts only when it’s necessary?

In-house vs. Outsourced IT: What’s the difference?

The insourcing or in-house team is a practice when the work and tasks are performed within the operational infrastructure of the company. While outsourcing is a process of contracting experts, who are not affiliated with the organization, for completing specific tasks.

The main difference between the approaches is the way tasks, projects, and work are divided between the departments for strategic purposes. So, what is best for your company: an in-house or outsourced team? Both approaches have their own benefits and limitations. Let’s get to the bottom of the beneficial and negative impacts of each practice.

In-house IT team: Benefits and Limitations

Hiring employees to your in-house IT team, the huge advantage is that you can train them to your business’s specific needs, and the workers are always available. When interviewing the candidates, you choose only those who suit the requisite level of skills, knowledge, experience. Thus, you control, monitor, and track all the processes of hiring and work.

The deep understanding is the next advantage. The office workers know the culture of the company and are aware of all project aspects and business objectives. Besides that, they work with the project from the very beginning that means they know it in detail. Thus, the team can start to work immediately without a need to get familiar with it.

The high quality is an unquestionable advantage of insourcing that stems from the previous issues. When you build the in-house team, you can be sure that they will do their best, and you’ll get the results that suit your expectations.

The main drawbacks of hiring office workers can mainly relate to the initial financial outlay. Thus, you need to train the newbies of the team, and after you need to constantly update their knowledge and skills. That can be a costly affair.

That’s saying nothing about the regular salary with the full pack of employee benefits, including vacation, sick leaves, and so on. Besides, it doesn’t matter if there is a task for a worker or not, you need to pay a salary anyway.

Absence issues are the next pitfalls to mention. In case your team member is sick or just leaves the company, some time along with the money is needed on new hiring or endure project pauses.

Outsourced IT team: Benefits and Limitations

Due to the Deloitte global outsourcing survey made in 2016, there are two primary reasons companies outsource:

  • to cut costs;
  • to free the in-house team to focus on core business objectives.

These are the main advantages though. No need to pay high salaries or equip the workers. You can bring in the outsourcing developer, writer, designer, etc. with a specific skill set to take a certain task only.

That gives time for your full-time staff to complete and focus on core business functions. Outsourcing gives you access to the huge talent pool. Not only can you hire specialists all over the globe, but also the rates of overseas professionals can be lower.

The biggest cons of outsourcing IT teams is the poor quality of work and management issues. It can be a challenge to find a freelancer to meet the expectations and to accomplish the task in time.

Bottom line

Today the economic situation makes businesses more flexible and search for new approaches to stay afloat and competitive. Facing the choice between the in-house and outsourced team, it’s evident that there is no one-size-fits-all solution to this dilemma. When dealing with the right in-house IT team, the time, patience, and diligence is required. Also, you should clearly understand what skills are necessary for the business to be successful in the long term. In its turn, outsourcing can be a more cost-effective and immediate solution. However, as evidenced in practice, the best way is to combine these two approaches. Take the most important roles in-house, delegating some tasks like guest writing, graphic design, problem troubleshooting, etc. on-call to make workflows more efficient without additional expenses added.


About the Author

StrategyDriven Expert Contributor | Alexey KutsenkoAlexey Kutsenko is CMO at DDI Development company, that provides custom web & development services to worldwide clients. Alexey has a vast experience in building marketing strategies for various clients, defining the client’s needs, and leading digital marketing strategies in the company.

Free Article Rewriter Tool – Paraphrasing Tool

StrategyDriven Tools for Professionals Article |Article Rewriter|Free Article Rewriter Tool - Paraphrasing ToolContent writing has outgrown all over the world. The digital world has witnessed massive growth in blog forums and websites. People are always in the quest of ways that can satisfy their need to produce quality content. Apparently, blogging seems to be quite easy, but it isn’t. People from all around the world have been flooded into this particular field. Most of them succeed, while others are left with no other choice except to exit. Many people argue that you can earn thousands of dollars through blogging; the notion is true. But for that, you would have to produce quality content. There are ways of getting good content by hiring in-house writers or by outsourcing your work to freelancers. Apart from these ways, you can also opt for Article rewriter tools for this purpose. There is an extensive range of web utilities, which will let you paraphrase online without getting into any hassle. Many of them are paid, while others are free for that purpose. The article rewriter tools are also beneficial for you if you don’t have a grip over a particular topic.

What is the Algorithm behind Rewriter Tools?

The advanced algorithm that works behind rewriting tools paraphrase the sentences in a way that it may not lose its meaning, while not disturbing the sentence structure—the paraphrasing tool, which is also commonly known as article spinner. However, the structural changes are carried out in the sentences and pass the plagiarism so that there may not be any duplicated phrases in the passage.

If you lack time and need to develop content in bulk, then the word changer utilities could be the one that will help you out in this regard. You would have a question in your mind whether this tool is useful for the bloggers or not. The answer to this question is YES. Only with a few clicks, you can get your desired content on the go. From the blogging perspective, the tools hold immense power to satisfy the needs of your blog.

Rewriter Tool Impact on Readability

Article rewriter tools have always remained controversial among the blogging community. Some tools ruin the overall readability of the user, but some make it sure to put the words in the right context without disturbing the sentence structure like https://plagiarismdetector.net/paraphrasing-tool. The online article rewriter utility paraphrases the content naturally. It uses words that fit perfectly in the context. The best part as mentioned above about the rewriter tool is that it’s completely free to use, and you won’t have to spend any money on it.

Impact on SEO

Content is considered as a crucial part of Search engine Optimization. Before ranking any webpage in the SERP, the search engines keenly analyze the content initially and then moves on to other factors. Therefore producing high-quality content is inevitable and indispensable for the bloggers.

It may be argued that Article rewriter utilities severely impact overall SEO performance. The argument couldn’t be entirely right off; the online paraphrasing tools mostly produce content that is not worthy of reading and doesn’t have any value for the users. But still, many rewriting tools are decent enough to spend your time fetching out the content. Search engines only rank those web pages which genuinely have value for the users. They prefer to rank those pages with simple and easy-to-understand content, and the users may not have to get into any hassle for understanding the material. The tool which is mentioned above produces content, which could be considered as SEO friendly.

Final Words

Lastly, the article rewriter tool is widely used in the blogging community, and it has been regarded as a miracle for SEO masters and bloggers.

Although there are some issues that are associated with the utility, still it has been among the one who is making a significant difference for the bloggers by saving their time and money. If you’re fed up with pursuing writers for the content and want to live with peace of mind by getting the content on time, you should no longer worry. The online paraphrase tool is at your disposal for this purpose. In the ultimate analysis, no one would deny that the article rewriter utility is a blessing for everyone out there. Apart from bloggers, students who are struggling with their assignments, thesis, and research papers can also utilize this tool for delivering top-notch quality work to their academic institutions. As the article rewriter tool will ultimately make sure to pass the plagiarism, there would be no duplicated passages in their work. Don’t wait anymore and start using large web utilities.