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3 Simplicity Principles That Can Help Your Business

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StrategyDriven Entrepreneurship Article |Simplicity principles|3 Simplicity Principles That Can Help Your BusinessThere are all sorts of different things that go into making a business successful – with many of these variables being highly industry specific and nuanced, and many of them having to do with fairly common-sense things such as consistency, the ability to work hard, and so on.

One of the principles which is most consistently promoted by successful business owners, however, is the need to emphasise a degree of simplicity. In the words of Warren Buffett, “the difference between really successful people and everyone else is that really successful people say no to almost everything.”

The simpler you can keep things, the more you’ll be able to focus your limited time, energy, and resources on the most essential tasks at any given moment.

So, here are a few simplicity principles that can help your business.

Be willing to absorb costs in exchange for enhanced efficiency, reduced micromanaging, and more available time and awareness

Many entrepreneurs naturally fall into the trap of trying to do just about everything in-house, at least initially, as a cost-saving and bootstrapping strategy.

The bottom line, though, is that it’s often a much better idea to be willing to absorb certain costs upfront in exchange for enhanced efficiency, reduced micromanaging, and more available time and awareness. In other words, it’s worth paying for simplicity.

Something as simple as using the services of a professional Machine Tool Repair Company, or outsourcing your businesses computing solutions, can mean that you not only get higher quality work done on those dimensions of your business, but that you also have more resources freed up for working on your USPs.

If the project you’re working on doesn’t motivate you, there’s a good chance you should drop it

It’s a simple truism of life, and business, that we will all sometimes have to grind through on tasks that we don’t much enjoy, and that we would rather not have to deal with.

Chores are unavoidable – but if you notice that there is a major project or initiative you’re working on in your business that simply doesn’t motivate you, there’s a good chance that the best approach for you might actually be to drop that project or initiative upfront, and focus your energies on something that does motivate you.

In business, you need to be able to create products and services that will inspire your prospective customers and clients and fill them with enthusiasm. If what you’re working on doesn’t even fill you with enthusiasm, that doesn’t bode well.

Focus on doing a few things well, rather than doing everything decently

In business, there is always the temptation to try and do more, and more, and more – across a broader range of dimensions – in order to try and “cover all the bases” and appeal to as many prospective customers as possible.

Ultimately, though, trying to do too much simply leads to chaos, excessive complexity, squandered resources, and a good deal of stress. It also tends to lead to you becoming a “jack of all trades and master of none.”

Instead, focus on doing a few things well, rather than doing everything to a decent – or mediocre – standard.

Identify your USPs, filter out as much of the rest as possible, and work consistently.

Benefits Of Migrating To Cloud Computing

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StrategyDriven Managing Your Business Article | Benefits Of Migrating To Cloud Computing

More and more companies are moving their data to the cloud. The benefits of cloud-based computing are substantial and companies of all sizes and sectors are able to access these advantages.

Migration is the moving all of your data and applications away from a physical IT infrastructure onto a digital one is called cloud computing.

But, before you think of fully migrating to Cloud storage, you first need to consider an IT equipment disposal plan through a server disposal service provider or company. Here in Newark CA, there’s an expert by the name of “Dataknox” that offers complete equipment disposition, reverse logistics & equipment buyback, Cloud and asset management services.

However, some companies are still reticent to embrace cloud computing due to a number of concerns. They may not trust a solely, cloud-based system, fearing that it is more vulnerable to a cyber attack. Some companies do not like the thought of being beholden to an internet connection to run all of their key services.

Moving your IT functions to the cloud has a number of benefits:

  • Cost reduction
  • Scalability
  • Unlimited storage
  • Business continuity and disaster recovery options
  • Automation of common tasks
  • Security
  • Agile response
  • Increased uptime
  • Eco-conscious compared to standard IT systems

The most well-known cloud providers include Microsoft Azure, AWS, and Google Cloud. The type of contract chosen depends on the storage and performance needs of the company.

Gartner’s research states that 83% of companies will be using cloud-based platforms bt the end of 2020. The industry itself is thought to be worth $240 billion annually.

Cost Reductions

Traditional IT systems use more hardware, which raises the overall cost of buying, installing, and maintaining your IT system. IBM estimated that IT labor costs are reduced by over 50% when a company switches to cloud computing.

By using a specialist such as cdsla.com to manage migration, you can further reduce costs by transferring your data and applications quickly and efficiently, causes little to no disruption to your services.

Reduce Downtime

Downtime is bad for business. It can cost companies money and their reputation. Standard, physical IT systems experience 4 times more downtime than cloud-based systems.

When deciding whether or not to move to cloud computing, consider how the impact of your IT systems going down for any length of time would affect you.

Scalability

Your cloud services can expand or contract in response to your business needs. This allows companies to adapt to changes without having to spend money on hardware to cope with temporary increases in demand.

If there is a sudden increase in demand for services, a cloud-based system can cope with these without any interruption.

Environmentally Friendly

The advent of cloud computing has decreased data center energy consumption by almost 40%. That is a huge reduction and one that can be further improved as more businesses move to the cloud.

Business Continuity

If there was a sudden emergency that stopped you accessing your place of business, or affected your data (such as a ransomware attack), how would you deal with it? Cloud computing can allow you to fail-over to backups almost instantly as part of a robust business continuity plan.

If someone is threatening to hold your data hostage unless you pay them, you simply failover to your backup systems.

Taking Inspiration From Google For Your Business Premises

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StrategyDriven Managing Your Business Article | Taking Inspiration From Google For Your Business Premises

Renowned for creating incredible workspaces that aim to increase productivity in their staff, Google has 70 offices in 40 countries, each of them carefully designed to be an appealing and inspirational place to work. Here are just a few of the most exciting and design-led Google offices around the world.

Google Zurich, Switzerland

Step inside Google’s European engineering HQ, and you’d be forgiven for assuming you were atop an Alpine ski resort. In fact, you’re in one of the company’s many zoned conference areas, which encompass a snowy “North Pole”, complete with penguins, an aquarium chill-out zone, and swing chairs for (literally!) hanging out while you work.

Google Tel Aviv, Israel

Another innovative Camenzind Evolution design that can inspire your business, this sales and engineering hub sits in a prime spot in Israel’s coolest city, focusing on Google’s EMEA activities. The office has themed designs across its seven floors. Each reflects an authentic Israeli scene; hence an in-house orange grove tipping a wink to one of Israel’s most famous exports, corridors mocked-up to look like heritage cobbled streets (complete with window-boxes bursting with colourful blooms) and even a tractor-turned-lounge to complete the weird and wonderful décor.

Google London, United Kingdom

The Central St. Giles Building in Covent Garden is situated in the heart of London’s theatreland, playing host to Google’s London “Super HQ” within an unmistakably British space. Designed by British firm Penson, the patriotic theme starts from the Union Jack-swathed reception and continues on throughout the building with Chesterfield-buttoned velour lounge seating in British Racing Green, reminiscent of a vintage town hall, and kitschy chintz wallpaper and wing-back armchairs suggestive of a retro “Granny Flat”. This quirky style of interior design celebrates all things London with tongue firmly in cheek.

Google Amsterdam, Netherlands

Finally, engaging local design firm D/DOCK to refurbish its Amsterdam offices, Google’s newly refreshed reopened in January 2014. With eco credentials just as impressive as the design focus, this makeover adhered strictly to an approved materials list that minimised toxins, while maximising efficiency in power and water consumption. You can easily take inspiration from this, creating an industrial environment by engaging a pallet supply company and re-using materials and equipment in order to create an office space that inspires and amazes all at once. The wellbeing of the staff was also a major driver, with all employees afforded a 180° view across Amsterdam from the multitude of windows that line the offices. Thoughtful decorative touches appear everywhere, with bikes featuring heavily in the design (a nod to Amsterdam’s pedal-power transport culture), plus cute and comfortable 1960s caravans, complete with deckchairs and faux grass, repurposed as enticing meeting rooms for staff to enjoy.

As you can see, Google has gone a long way to ensure their office spaces are inspirational and truly incredible. You can take this approach with your business premises, irrespective of whether you have a number of offices or you own a warehouse. You can still make the place exciting while productive and adhering to safety regulations.

How To Improve Your Professional Development

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StrategyDriven Professional Development Article | How To Improve Your Professional DevelopmentWhatever your role – business owner, team leader, staff member – it is human nature to want to learn new skills and grow as a person. Personal and professional development are both key to this, but it is the latter – development in the context of the workplace, such as skills that can be used in your career – that can occasionally be difficult to know where to start with.

Primarily, there are a few key principles to remember:

  1. Stay motivated
  2. Increase how much you read
  3. Learn from different industries
  4. Get feedback on what you’re learning
  5. Attend a training program
  6. Assess your progress

The Basics of Professional Development

If you’re not motivated, you’re unlikely to learn anything new, or at least anything new quickly. If you struggle with self-motivation, perhaps you could team up with a partner and set each other targets to push each other. This will also help vary the way in which you learn, as you can share hints and tips for what methods are working. The most obvious method for widening your professional horizons is to read more. Reading books not only based in your field of work but other ones as well will give you a wider, more rounded outlook on your job.

Getting in touch with people in other businesses and industries and asking what sort of professional development they have done – or what skills they need for their job – is also a good idea. Developing yourself in the context of your own position is obviously useful for the present but equipping yourself with knowledge and skills of other positions will make you a more attractive worker or business partner in the future.

Once you have started learning a new skill or studying a new business practice, it’s never a bad idea to ensure you’re working along the right lines by either getting feedback or checking your progress against examples. For instance, if you’re learning more about search engine optimization, looking into case studies for SEO is a good way of gauging your understanding against real-life examples.

Working with experts in the field you are studying and trying to grow your understanding will also improve your rate of development. If it’s a skill that you can enroll in a training course for, consider doing so. If you can, contact somebody who has already completed the course to ensure it’s worth the investment. Always find professionals with a lot of experience and with proven examples of their training improving a business.

Embarking on learning a new skill, developing your existing ones, or any other form of furthering your professional improvement can seem like a daunting task. It is never easy to remove yourself from your comfort zone, but pushing yourself and surrounding yourself with knowledge will help you do your job better and encourage those around you to do the same. Assessing your progress as you go along – looking back and seeing where you were at a week, month or year ago – will demonstrate how far you have come and motivate you to go further.

Streamline Your Business Processes For Enhanced Efficiency

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In the pandemic world, the way our business is run is taking priority over revenue and profits. With more people facing unemployment, including your customer base, individuals are less likely to spend excess money on services or products. Even your most loyal customers and clients will be more frugal with their cash. It’s more crucial than ever that you conserve your revenues. Rather than spending money, you need to think about how your venture can save the pennies. Being more efficient tends to mean less financial wastage. Take a look at how you can streamline your business processes in an attempt to survive the Covid-19 world.

Saving Time

Time costs money. You need your staff team to be focused on the most worthwhile tasks that can save your business cash. Think about honing a mature digital process automation policy to ensure that there is less time spent on repetitive tasks within your company. You can generate more efficient workflows without the need for any coding by using a drag and drop facility. You can even identify bottlenecks and work on making your processes more fluid. This, coupled with an excellent document management system, means that your staff can be released from tedious, repetitive tasks to focus on more crucial considerations. Marketing, funding and staffing will be more high priority facets of your business in the coming months.

Staffing

No one wants to fire staff – this is the worst aspect of being a boss. While you want to conserve as many roles as possible, a decrease in revenue and profits may result in the need to streamline staff. Be responsible when shaving off wage commitments. Make your redundancy packages as comprehensive and generous as possible. Talk to staff members empathetically, and make it clear that you will be there to help them locate new positions elsewhere. Staff who are made redundant can feel bitter (understandably) so if they choose to burn their bridges, don’t be too upset. As a caring employer, try to restructure your business to save as many jobs as possible. Explore pay cuts or part-time working to keep as many of your staff on as possible. Lead by example and forego your bonus and a chunk of your wage to show that you are all in this together.

Outsourcing Overview

If you utilize outsourcing for your benefit, you need to do an audit to see if you can claw back any cash. Do you really need a social media manager? Can you keep this function in house? If you can continue your IT troubleshooting and your blog posts within your firm, it’s time to forego the more expert outsourced capabilities. This is money that can be saved. While your online presence may take a small hit, the traffic won’t be there to attract in any case. To increase efficiency, you need to bring these business functions into your remit. It may involve a restructuring of your firm, but this could see you through an economically uncertain time.

Follow this guide and streamline your business processes for enhanced efficiency.