ERP Mistakes Businesses Have To Avoid Making

download (60)Most business owners today now know the importance of having a good ERP software or system. With this system, certain processes can be optimized within the company, saving business owners time and costs.

Selecting the right ERP system for your business though is not a simple task. You will need to invest sufficient time and effort to make the right investment for your company. If you make the mistake of investing in the wrong system and with using it, all your investment will simply go down the drain.

Below are some key ERP mistakes businesses will have to take note of and avoid making:

Insufficient planning. If you want your ERP project or system to work to the company’s advantage, planning is crucial. Business owners and decision makers who do not plan thoroughly before they begin an ERP software evaluation can become confused when making their selection and as such, they will not fully understand their current processes and how to evolve them to maximize business benefits and efficiencies. To avoid this problem, companies should conduct an internal audit of all of their processes and policies

European Business Etiquette

images (16)For those who will be travelling for business to Europe, here are some tips that would help you in various European countries. It is common to hear “When in Rome, do as the Romans do”, but just how do the Romans do things? And while we are at it, let us also add in the Austrians, the Spanish, and the British too. Do not forget the Dutch and the Greeks and the Irish as well.

General International Tips

Simplify your conversations and writings with words that are not overly technical or lengthy. For people who translate, or people who translate in their head, you will need to speak slowly and clearly, preferably without that extra added emphasis on your accent. Before you take your trip, learn a bit about that country’s business and social culture and customs. Write things down for easier understanding, at times. Many countries do things slower and at a much more relaxed pace than we do in the States. You will have to learn to be patient for just about everything. Finally, silence is often the best thing you can give

Electronic Filing

images (18)Technology has the ability to make everyone’s life easier. With the consistently changing environment, everyone has been able to stay up to date with everything because of the use of technology. Many issues that have occurred with businesses in the past included the issue of losing documentation, inconsistency with documentation, changes in workers and procedures, changes in clientele, maybe a workplace is moving, losing information, and many more. These issues mostly are based off of the idea of redundancy, extra stress, and loss or misplacement of important information.

The use of technology has increased over a number of years to provide users with ability to decrease the stress in their life and these issues. With the use of technology, users have the ability to load all documentation online, or electronically fill it out to be saved online. This information can be accessed through clouds and other storage spaces that can be accessed anywhere. With the ability to access it anywhere, management can adjust who can view it. Also, businesses can adjust who can edit the information and create tutorials on accessing the information.

One major

Government Contracting “Minority” Programs Taking a Pendulum Swing in the Wrong Direction

images (17)It has been a few years now since I decided to take my company into the world of government contracting, and in those years I’ve gained some pretty good experience on how to market to and navigate the government contracting space. I’ve also noticed something troubling about how contracts and would-be awards are setup and they come in the form of “minority businesses set-asides”, particularly the 8(a) program.

Before going further it is important to note that my dialogue is premised on my field of expertise and the opportunities that exist within it: logistics. Now depending on which side of the fence you are on (8a or not) your view on this subject may differ but this opinion is coming from the non 8(a) perspective.

We are a logistics and supply chain management company. We do a very good job for our customers, maintain higher than industry standards and efficiency through our investments in technology etc. so on and so forth… for argument’s sake, let’s just say we are a top-notch company and small business. It doesn’t matter. It is seemingly less and less relevant

Reasons For Opening A Business Bank Account

download (59)It may seem convenient and easy for you to keep your personal and business finances in a single account; however, this offers several disadvantages. Indeed, opening different accounts for the two can prevent you from experiencing hassles. This will also provide you with different benefits.

Why You Must Open A Business Bank Account

Protection from legal liability – Opening a business bank account will protect your personal assets any legal liability. When your company gets sued and you are keeping your company and personal finances in just one account, the court might go after your personal assets since your bank account won’t reflect 2 distinct entities.

Tax purposes – Another excellent benefit of opening a separate account for your business is that it will be a lot easier for you to file business income and expenses for tax purposes.

Professionalism – Having a business bank account will lend credibility and professionalism to your firm. If clients see that you are using personal checks for transactions, they may assume that you’re not running a legal business operation.

Tips For Opening A Business Bank Account

Having a personal bank account won’t

Know About GIs and Promote the Best Interests of the Craftsmen

images (15)Do you know as to how would they safeguard & promote the best interests of the craftsmen?

A geographical indication (GI) is a name or sign used on certain products which corresponds to a specific geographical location or origin (e.g. a town, region, or country). India, as a member of the World Trade Organization (WTO), enacted the Geographical Indications of Goods (Registration and Protection) Act, 1999 has come into force with effect from 15 September 2003. They have been defined under Article 22(1) of the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement as: “Indications which identify a good as originating in the territory of a member, or a region or a locality in that territory, where a given quality, reputation or characteristic of the good is essentially attributable to its geographic origin.”

GI of Goods are defined as that aspect of industrial property which refer to a country or to a place situated therein as being the country or place of origin of that product. Typically, such a name conveys an assurance of quality and distinctiveness which is essentially attributable to

How to Review a Business Complaint

download (58)One of the common methods of vetting a business that you have never worked with before is to check to look at the reviews or formal complaints about the business. Some of the common lists to post a review or file a complaint are sites like YELP, the BBB, or Ripoff Report.

Any business that works with a volume of customers over a period of time will have a complaint filed against them. Large businesses like McDonald’s Hamburgers or Amazon have complaints files about something somewhere almost every day. Business that have never had a complaint filed against them probably has not been around very long or does not work with a large sector of the general public.

This is not to say that complaints are not justified. There is more to reviewing complaints than reading how bad the service was from one customers’ point of view. Yes that customer probably had some less than average experience, but in the realm of company performance would not be the norm.

The first item to consider when reviewing a business review or complaint is to look at the

5 Tips for Starting Up a Clinic

download (57)A clinic is a place that can be extremely helpful to people if it is properly equipped and has all the great characteristics. Starting a clinic and progressing through it has never been easy and there are a lot of tips that have to be followed. You surely need to take proper note of all these tips in order to enable people to make the most out of your clinic. Some important tips have been explained as below.

1. Knowledge

It is very obvious that a clinic is a very complicated place and enough knowledge is never going to be harmful. Thus gain as much of knowledge as possible regarding medicines, instruments, patient information and financial support. All this information and knowledge can help you a lot in the long run. Having sufficient knowledge is all you require to function in a clinic. Starting a clinic is never going to be easy let alone making it profitable. There are a lot of challenges involved.

2. Clinic location

The location of your clinic can also be extremely vital. Your clinic can be near educational institutions and residences. Observe

What Sets the Best Exhibition Stand Designers Apart?

download (56)With thousands of trade fairs and events to attend each and every year to promote their organisation and their services, companies can find themselves looking for the best exhibition stand designers in order to produce a stand-out booth to best represent their brand. With many experts in the field advertising their services, it is important to recognise quality.

There are many well established exhibition stand designers along with exciting and innovative newcomers, yet there are always some very specific similarities that the best service providers have that are important to look out for when making a hiring decision.

The first of these factors is the understanding of trade fairs and other industry events, as there are many aspects of these events which are critical to the success of a stand design or company presentation. These include the layout of the event, the direction of footfall, the size of allotted stand space and much more.

Exhibition stand designers which have extensive experience of these different factors are best placed to analyse each individual event and produce an effective plan and stand design that can overcome potential issues

These Are the 3 Things You Need to Be Doing

download (55)While I can talk about the 55+ systems you could implement into your business, in reality, everything boils down to these three things: you need to do work with your clients, you need to get more clients, and you need to make sure the business runs.

Boom. Done. End of story.

Easy, right?

Well, yes and no.

You can do the work. Heck, that’s why you got into this work in the first place. You want to serve. All you want to do is have your schedule filled with ideal clients whom you can provide your service, and possibly even transformation. You could do that all day, every day. Bring it on, right?!

That’s part one.

Part two is getting MORE of those ideal clients. This is where your systems come in. How do you get more of these awesome, ideal clients?

  • Build relationships. You need to meet people and create relationships, above and beyond the hope for a sale.
  • Network. This is a fabulous way to build those relationships. Figure out where your ideal clients hang out and go there. Talk with them. Meet with them. Figure out what drives

Secrets of Bonding 130 Borrow From Peter to Pay Paul

download (54)It’s only human nature. You have a problem, a need. A financial issue has come up and the timing is inconvenient. So if you just move things around, you can handle the problem and back-fill later.

For construction companies managing multiple projects, not every job goes smoothly. Construction work is complicated with many variables and uncontrollable elements. Sometimes the only solution is to throw money at the problem. When cash flow on the project is “temporarily” insufficient, there is a natural temptation to borrow money out of another healthier contract, with the intention of paying it back at a later date. Is this bad?

Trust Funds

From a legal standpoint, money a general contractor (GC) holds, that is destined to pay the subcontractors (plumber, electrician, HVAC, etc.) he hired on the project, is held “in trust” for the benefit of those subs. The law says it is their money, and the GC must safeguard it. Therefore, any money in this trust fund category cannot be “loaned” to another of the company’s projects.

Bonded Contracts

When a Performance and Payment Bond covers a contract, the payment section of

Nameplate Litho Printing

download (53)In the past, Stamping is the most common methods for marking metal nameplates. In recent days, as the technology emerges nameplate manufacturers choose different ways to design and print metal nameplates.

Industries manufacture metal nameplates using a variety of printing techniques. These printing techniques may vary based on the customer requirement and type of environments. As mentioned earlier, uses of these nameplates dictate their manufacturing process. For example: metal nameplates used for outdoor purposes are exposed to harsh environments. In such conditions, the printing method should guarantee long-lasting design and legible text. Photosensitizing, embossing, laser marking, etc. are few printing methods that allow outdoor applications.

Lithography or offset lithography is one of the printing technique used in decorating Aluminium nameplates. In litho printing, the inked image is transmitted from a printing table to a rubber blanket and then it’s transferred into the aluminium sheets or paper. It’s a mass production printing in which the printing media don’t come into direct contact with the metal nameplates. It’s easily combined with a certain decorative process like embossing, brushing, screen printing and diamond cutting. It’s a preferred option

The ONE Thing Every Business Needs To Do

download (52)A couple of weeks ago, I was coaching/consulting/just chatting with a sci-fi-fantasy author to write her bio.

She said something that really stuck with me –

She has decided that she doesn’t want to be spending her time chasing after all those “things” people are “supposed to do” online. She has no interest to blog weekly, to crush it on social media, or to create a course.

All she wants to do is to tell good stories – stories that people enjoy reading. Stories that deliver a satisfying reading experience. Stories that respect the readers’ time (and intelligence.)

She said it so matter-of-fact-ly. Nothing apologetic about it.

A stake in the ground. A breath of fresh air. A clear conviction.

More often than not, when I get on the phone with folks, they’d tell me a laundry list of “marketing activities” they plan to do.

Then they start talking about why they’re stuck, what haven’t been checked off the list and how that technology thing is keeping them stuck etc. – often with an apologetic tone.

That apologetic tone is deadly. It makes us shrink. It takes us away from

What Is Business? Pt 2

download (51)It takes “Organized, intelligent and productive work” to rule. One interesting designation is the creation mandate is to “fill the earth.” It takes efficient and effective visionary leadership to “rule,” “lead,” “manage,” and fill up God’s structure – earth. All of the foregoing is the elements that make up a healthy business system. At the conclusion of work after creation episode, God enacted a “work” or “business” code called creation mandate for man to engage in filling up the “structure” that He created,

“Now no shrub of the field had yet grown on the earth, and no plant of the field had yet sprouted, for the LORD God had not caused it to rain on the earth, and there was no man to cultivate (work) the ground
Genesis 2:5

When a high-rise apartment building project is under construction, the structural engineers first put in place the structure or skeleton of the entire building, which defines how the building would look like eventually. Thereafter, building engineers would come and fill up the structure with blocks before you can fully appreciate the aesthetic appeal or value of

Tips For Working With Your Chosen Video Production Company

download (50)Coming up with professional-looking videos to promote your brand, services or products are not something that every business can do. This is because not all companies have a talented in-house video production team. But if you really want to have and promote a video that represents your brand, you can hire a video production company.

Once you have hired a video production company, don’t think that all your hard work ends here. To make sure you have a good video representative of your brand or one that does a good job of introducing and showcasing your products or services, it is essential that you work well with your hired video production company.

Below are some tips you can follow to have a good working relationship with your chosen video production company and achieve your goals:

Discuss all your goals about the project. Identify the goals you want the video to achieve and talk about them in detail with your hired service provider. Be as specific as you can: do you want this video to introduce your new product or service or do you want it to

How To Maximize The Services Of Transportation Companies

images (14)Corporate transportation is not all about transporting your personnel from point A to point B. Plenty of things will definitely happen between their pickup point and destination. Your employees are indeed among your valuable assets. Thus, you must get them to their intended destination in a safe, efficient, and quick manner. And a lot of that will greatly depend on selecting the right partner among transportation companies. But how will you assure that you will be making the best choice? Experts have shared some of the important points that you must consider.

Do your own research – Services offered by a reliable corporate transportation company will provide you with different benefits. These include prompt arrival at destinations along with cost savings. But in order for you to fully enjoy these benefits, you need to invest sufficient resources toward research on every possible choice. Begin by creating a list of possible companies to hire. Do a thorough background check on every company on your list like their professionalism and reputation. To see what past and current clients must say about the company, use the Internet.

Excellent Locksmithing Advice That Is Easy To Understand

download (48)If you want your taxes done right, you hire an accountant. If you want your hair cut, you hire a hairdresser. You don’t do these things on your own, you hire a professional! When it comes to your safety, do the same and use the checklist of advice found below to hire a locksmith.

You should do your research and have the name of a reliable locksmith on you at all times. Look for online reviews and get recommendations from people you know. You want to know that you are not being taken advantage of if and when you are in an emergency situation.

The best way to find the most reliable locksmith is usually word of mouth. When you need one, start asking your friends and family who they trust. From there, check with the local BBB or other agency that will provide information about reputations. Don’t just trust anyone with the keys to your home!

When you are looking to have a locksmith install a new lock, ask them to use one that has high security. These cost a bit more, but they will

Reasons Why You Need a Certified Business Valuation

download (49)When selling a business, the most important question needs to be focused on the actual value of it. A certified business valuation can range in complexity. It could be a simple calculation or one that evaluates both tangible and intangible factors, giving you a more in-depth evaluation. Unfortunately, a single business valuation formula won’t work for all businesses under all circumstances. Usually, business valuation can’t be performed in the “right way”. For example, accountants may look at the figures in one way, while the brokers may look at them in a different way. A certified business appraisal is crucial for a company to be valued correctly. Here are a few reasons to consider this service:

You need it for Reporting

In case you need to report the assessed value of the firm to investors. It usually takes place on a quarterly or yearly basis. This method offers economic health of the firm, thereby enhancing the investors’ confidence.

You need it for Fund Raising

In case you need to get funds for your business, you would require the appraisal report. It’s required by both banks and other options

Office Space for Start-Ups at Bangalore Metro Stations: Will It Work?

download (47)One of the interesting real estate news in the recent times is that, Bangalore Metro Rail Corporation Ltd. (BMCRL) providing office space for the start-ups in five of its major stations. Yes, if everything goes well, we’ll soon have start-ups operating in metro stations of Bangalore.

UA Vasanth Rao, the General Manager of Finance at BMRCL says that the companies will have to bid for 31 office spaces of 100 sq. ft. to 4000 sq. ft. with the price ranging from RS 35 per sq. ft. to RS 120 per sq. ft. (price depends on the stations). And, the five metro stations to have office spaces are Baiyappanahalli, Indiranagar, Trinity, Vivekananda Road and Halasuru.

Not workbenches, but proper offices

Currently Bangalore Metro Rail Corporation Ltd. has 31 operational stations from Baiyappanahalli to Mysuru road (18 km) and from Nagasandra to Sampige road (13 km). Having some good number of operational stations, Pradeep Singh Kharola, Managing Director of BMRCL says that they have crafted the space for start-ups and ecommerce companies. He also says that, they aren’t some workbench projects, but proper offices for start-ups.

It looks

Ascertaining Right Translation Prices

download (46)If you are a brand that has opened up to the strong forces and opportunities set forth by globalisation then you must have started zeroing in on a good marketing strategy in accordance with these new-found goals. Within this marketing and communication mantle, you would, sooner or later, find translation emerging as a significant factor either contributing to or challenging the milestones towards new goalposts.
You may either go for a well-entrenched player closer home or you may consider someone native and also enabled with a good grip on the local market as per your new market targets. There is also a possibility of bringing in the best of both the worlds by choosing someone who comes with as much international expertise as with a localization edge.

If you look around prudently and patiently, you will find certain translation service providers who offer numerous advantages. Not only do they carry a lineage and experience clout of several years or brands under their belts, but they also offer resources and expertise that a specific local market would ideally desire.

When negotiating and finalising contracts with a