Business

 

Contrary to what some might believe, the key to the success of any restaurant doesn’t hinge solely on the food and beverages offered but in the way that you manage the resources of the business. After all, it’s impossible to meet the desired profit margins if you allow yourself to spend more than you need to. So, in the interest of keeping your dining establishment in good financial health, here are some tips to keep in mind.

Take the time to look for alternatives

There’s no denying that restaurants require a daily commitment of financial resources. However, this doesn’t necessarily mean that you should buy the first thing that you see. So, whether you’re looking for equipment or ingredients, it’s good standard practice to invest time in looking for alternatives. After all, you’ll likely find great deals and cheaper options if you actively look for them.

Stick with a focused menu

While having a sizeable menu can give customers more options to choose from, it can also create confusion too. More importantly, it’s much more difficult to maintain financially as well. It’s a better approach to stick with a focused menu. In this way, you can still offer a diverse selection of dishes that include meat alternatives without making it too complicated for your patrons or spending more than what is needed.

Review your finances regularly

While it may be a tedious task than many of us would undoubtedly rather be without, it’s crucial to review the finances of the restaurant daily. After all, not only will it provide information as to whether or not the business is generating the desired sales and profit margins, but it will also help you identify the reasons for any losses that the dining establishment may have incurred too.

Plan for contingencies

While preparation is key in minimising the risks of taking any financial losses, it’s impossible to eliminate its existence. As such, it’s a general rule of thumb always to plan for contingencies. In this way, any losses that the dining establishment could potentially incur will be kept to a minimum. And as a result, lessen the impact that it can have on the financial health of the business.

Know your limitations

Restaurant businesses aren’t cheap endeavours to pursue. They require a sizeable commitment of financial resources to run and maintain. As such, it’s crucial to always have a daily budget and to stick with it. In this way, you won’t spend more than what you currently have, and increase your profit margins as a result.

Resource management plays a vital role in the success of any restaurant business more than it is usually given credit for. And by following the tips listed above, you’ll keep your dining establishment’s expenses to a minimum, and you’ll also increase your profits too.

To read more on topics like this, check out the business category.

Day trading is, as the name suggests, the act of acquiring financial instruments and selling them within the same trade day.

A day trader should have no open positions remaining on the market when trades come to a close. Stocks and forex are generally the most common targets for day traders, and taking advantage of small price movements throughout the day can be highly profitable for an experienced trader.

As you probably imagine, you’ll have to dedicate a great deal of time to day trading in order to monitor market movements and improve your skills. You can basically think of it as your new job. If you’re still interested in becoming a day trader, then you’ll need to follow some essential day trading tips.

Prepare thoroughly

Day trading is controversial with some traders who argue that it shares more in common with gambling than investing, and it can be particularly difficult for newcomers. Successful day traders are generally professionals who have built their careers around the practice, and they’re your primary competition.

Preparation is key for any new endeavor, and you’ll want to go the extra mile when it comes to day trading. Firstly, you’ll need to set a strict budget that you’re willing to risk on the market. Luckily, you don’t need as much capital to begin day trading as you would for many other kinds of trades.

You’ll need a minimum of $25,000 in your account to begin day trading. It’s generally recommended to never risk more than one or two percent of your account on any single trade. It’s also important to focus on just one or two prospects in the beginning until you have a better understanding of market shifts and how they’ll affect your profits.

Lastly, you need to understand that your gains will generally be smaller than with other forms of trading, and they’ll still be taxed. Like any trader, you’ll also take losses on trades, perhaps even frequently. This is especially true if you’re making moves during the more volatile trade hours, but it’s important to stick to your strategy once you start trading for the day. No trading plan is successful all the time. You’re looking for one that can consistently net you more gains than losses.

Learn when to sell

It’s always good to hold a winning position, and there are several different ways to exit one. Being able to decide the most advantageous one is important to maximize profits. Scalping is one of the most popular day trading strategies, and it’s essentially selling the moment you’ve made a profit on a position. This is probably the safest option, but it also has a low profit ceiling.

Daily pivots are a potentially more profitable, but they’ll involve studying an option for some time. The idea is to learn when the price will drop to its lowest during its volatile period of the day, and then sell it when the price rises to its highest.

Momentum trading is less common with day traders. But it is possible to buy stocks based on news releases of the day and then sell them for a profit before the trading day is done.

Limit losses

You’ll also need a way to prevent great losses from the inevitable bad trades. A stop-loss order is your best option for this. This is an order you can set to automatically close out your positions if prices drop too low.

For example, if you bought stocks for $12 per share, you could set a stop-loss order to close out your position if the price drops below $11 to ensure your losses stay within comfortable risk. You can also set orders to automatically sell positions when their value is high enough, which can be useful for times when you aren’t able to monitor prices yourself.

To read more on topics like this, check out the business category.

Despite technology making tasks like meeting people overseas and communicating with partners from all over the world easier, business trips are still inevitable. It is not always possible to substitute face-to-face meetings or a visit to the client’s office with video conference calls and emails.

Fortunately, technology also makes business trips more affordable. It certainly makes business trips much more enjoyable. In this article, we are going to go over some of the tips and tricks you can use to save money on your next business trip to Belfast with a serviced apartment.

Book Online

Using serviced apartments when visiting Belfast on an extended business trip is a fantastic way to save money. Not only will you get properties near the city’s business districts, but you also get more amenities and services in general. Some of the best serviced apartments in Belfast can be found on https://dreamapartments.co.uk/serviced-apartments-belfast.

Even better, you can book the serviced apartment of your choice online. You know exactly what to expect from the details and pictures posted on Dream Apartments. You even have special offers and packages to choose from should you want to save even more on your business trip to Belfast.

Save on Meals

You don’t always have to dine out when on a business trip to Belfast. While the city has a lot of great restaurants to try, dining out to fancy places every time isn’t going to be good for your budget. What you can do instead are two things: cook your own meals and try local restaurants.

The former is easy thanks to serviced apartments being equipped with a fully functional kitchen. As long as you don’t mind spending some time buying groceries and preparing your own meals, you can actually save a lot of money this way.

The latter solution, on the other hand, lets you try Belfast’s best cuisines without breaking the bank. Local restaurants – places that locals actually go to for meals and drinks – are relatively more affordable, but their meals are fabulous, and you get to absorb the city’s hospitality while eating.

Get Close

The cost of commuting from the serviced apartment to the client’s office or other places you need to visit is also worth mitigating, especially if you are serious about keeping the business trip affordable. Once again, technology is on your side with this challenge.

Rather than using taxis, you can use ride-sharing apps to save money. You also have the option to rent a car if you are staying for a long period of time. Belfast has a great public transport network too, so download the Bus Tracker or Translink app to utilise the network.

For higher mobility, however, renting a car is the most affordable way to go. You can rent a car for as little as £15 per day, so you know you can save a lot on the cost of commuting in the city by driving a rental car.

All of these opportunities to save money on your next business trip to Belfast are yours to utilize when you stay in a serviced apartment near the areas you have to visit. The next time you are planning a trip to the city, make sure you use these tips and tricks to help you save more every step of the way.

To read more on topics like this, check out the business category.

Getting online is an indispensable part of modern business, but even the best of us can miss opportunities every now and then. Covering as many bases as possible not only increases your visibility, but it can also help drive engagement and interaction, which can be a key determinant for long-term relationships.

So what opportunities here are often overlooked, and to which should you consider paying extra attention?

Prime among online business today is to understand that not all social media is created equal. While having a Facebook account is almost a necessity, this is often the only step which many small to medium-sized businesses take, especially if the owners or managers are not up-to-date with current trends.

Instead, you need to keep in mind that while this can serve as a strong base, further specialisation is the key for raising the bar to the next level. As with any advertising efforts, the path depends on the business you operate, so let’s use examples to make things clearer.

If your business is one which relies on quick updates then twitter.com could easily become a cornerstone of your operation. A clothing store with big surprise sales could let their Twitter audience know when these occurred, and the instant and targeted nature of how Twitter operates would synergise perfectly.

This could even be used for spot sales, where the first ten users to bring in their phones with a specific Twitter post shown could enter a draw for free goods, or big discounts.

If the visual component for your business is of the utmost importance, then social media like Instagram.com should not be overlooked as a pillar of visibility. A landscaping or interior decorating business could utilise this for before and after shots of their most successful operation, listing these in their profile as tagged images.

This is not only great for customers either, as there are many potential viewers out there who simply appreciate great design, and these people can act as signal boosters.

When it comes to broader visibility, it is important to keep in mind that it’s not just you advertising for your business, as there can be a whole host of related websites which aggregate goods and services which can help. These could be an enormous help in terms of reaching a wider audience, and so you be sure to reach out to these reviewers whenever possible.

This might seem a little confusing, so to explain we’ll look at the online casino example. While these large businesses operate all over the internet, they also generate a lot of competition, meaning it can be difficult for customers to find exactly what they want. Because of this, websites like canadacasino.net review the different websites, displaying general positives, bonuses, and specialisations, among other important information.

Reaching out to similar websites for your industry can act as free publicity, so don’t overlook this possible avenue.

The final tip to keep in mind is that nobody knows everything about the best possible route of online engagement and that through paying attention you yourself might stumble across something new or underutilised. The internet as an advertising resource still has considerable growth potential, and by staying diligent you might discover a new path, or one not yet fully explored.

To read more on topics like this, check out the business category.

If you have your own company with a work office or environment that you and your employees work from, then it is essential that you utilize the space so that you are all as productive as possible. We are much more likely to work harder and be more productive in an environment that we feel comfortable with, therefore, you should spend some time considering what makes the perfect working environment.

The more traditional and old-fashioned work office decors are very much a thing of the past, and now it is more than acceptable to be bold and creative when it comes to designing the perfect working environment. Create a workspace that has a good vibe and is enjoyable to be in can drastically improve the morale of your staff and subsequently increase productivity. Sounds good, doesn’t it? To give you a helping hand, we have created this checklist that offers everything you need to create the perfect working space so that you and your employees can thrive at work!

Integration of Brand Colors

It is important that your working environment is created around the company and the work you are trying to achieve. To reiterate this to your staff, you should consider using the colors that feature in your brand identity and logo as the main colors when creating the workspace. This means that you are all reminded of your purpose at work and the overall company aims that each task you complete is working towards.

Separate Different Spaces with Rugs

If your office space isn’t that big then you may want to use rugs as a way of indicating the different uses of each individual space. For example, a rug is a great way to create an outline in an office space, without using a physical barrier. So, if you are worried about a desk space and meeting area looking too close together, you can use a rug to divide the two areas up.

Adding a rug to your office space is also a great way of making your work environment feel more welcoming and inviting. While it is important that as much work as possible gets done when your employees at work, it is also crucial that the work environment is a warm and safe place that people enjoy spending time in.

Works of Art

Sometimes in work offices, especially those that have a more minimalist vibe, blank walls can look too empty, which makes the space look bland and boring. Therefore, a good way to fill up the empty walls is to hang popular pieces of art. By hanging work up in your office, you can make the environment feel more interesting and brighter, which is not only impressive to any visitors that attend meetings in your offices but also are vibrant offerings for your employees on a daily basis.

Add Refreshments

By offering your colleagues refreshments, you are not showing them your concern for their well-being, but you are also making sure that they are staying hydrated. Drinking enough water is essential for our general health and wellbeing, and research has also found a link between dehydration and a decrease in productivity.

Therefore, you should consider investing in a commercial water cooler that is available from Bevi. They allow you to offer your employees customized beverages through office sparkling water machines and a flavored water dispenser. Bevi’s hassle-free and plastic-saving service allows you to keep your workforce hydrated for less than the cost of an end of the month work party! They also allow you to have refreshments on hand and impress potential clients when they attend your office for a meeting.

Let Employees Personalize Their Own Space

While you may want to keep your office space simple and minimalistic, it is important that you let your employees personalize their own workspaces. It is where they will spend most of their time! By allowing your staff to have their own favorite mug and pictures of their loved ones on their desk, they will feel more relaxed and at home, which can help boost productivity. Remember, happy employees are productive employees!

Make it Comfortable

One of the main things you need to consider when kitting out and creating the perfecting working environment is how comfortable the workspace is. You need to ensure that desk chairs have the correct amount of back support and are comfortable to sit in. If they aren’t, then you may find staff using every excuse possible to be out of their chair.

The view that a workspace has to be rigid and restrictive is an old-fashioned perspective, so if you want your company to be as productive as possible, you should consider these added extras that will help you to create the perfect environment and boost overall productivity.

To read more on topics like this, check out the business category.

Job sheet management software was developed to improve how business owners, managers, field workers, and remote employees communicate. What it does is replace manual pen and paper recording of administrative tasks that usually come with working on several jobs involving clients, contractors, and suppliers. Every aspect of the work can be controlled and deployed using the software, which increases efficiency and eliminates errors.

Most job management software available today is hosted in the cloud, which also means that the service is typically scalable depending on the needs of the company. Another convenient feature of job sheet software is its mobile capability; therefore, remote workers can access the platform while they are out in the field.

Who benefits from job sheet management software?

A broad range of industries benefit from using job management software, but in particular companies with multiple locations and a large number of field employees. For example, plumbing and heating contractors and other maintenance professionals use this type of software to schedule jobs and monitor work progress.

In general, any company that is planning to automate processes and streamline the interaction between different departments will benefit from implementing job management software.

The benefits of using job management software

There are several benefits to using job management software which significantly impacts the daily operations of a business. Having a clear understanding of these benefits will help in deciding whether adopting this type of software is the right move for your company.

1. Better communication between stakeholders. Sending and receiving job orders between suppliers, contractors, and clients is much easier using job management software. The software simplifies communication and eliminates the need to send emails back and forth.
2. Efficient administration. Using job management software reduces reliance on paperwork because it automates many processes and increases user visibility.
3. Increased productivity. Some job sheet software solutions use GPS tracking to help companies manage and monitor the status of remote assets. Managers can view the status of each project anytime and anywhere.
4. Improved finance management and accounting. Chasing after outstanding invoices can be one of the most challenging aspects of managing projects. Using software will give you a birds-eye view of all unpaid invoices and quickly send payment reminders to clients. Doing so will help in increasing company cash flow.
5. Improved company reputation. Enhancing the capability of your company to communicate with clients portrays an image of professionalism. Your employees will also appreciate being able to complete tasks efficiently using the software.
6. Increased organisation. Job management software will give you the confidence that all functions are consistently under control. When each department within the company works in a more organised manner, you can save time and resources too. The amount of time saved on administrative tasks can be devoted to more pressing matters such as following up on job orders or outstanding payments from clients.

In line with these benefits, it is therefore essential to choose a job management software solution that is tailor-fitted to the needs of your business.

Image: https://pixabay.com/photos/people-adult-american-analyzing-3370833/

 

For many companies out there today, their online marketing efforts far exceed their offline efforts. Let’s face it, we live in a digital world where people want access to information instantly, and smoothly. According to Forbes, a whopping 89% of the North American population is now online, and businesses are responding. Email marketing techniques have found a way to tap into that urge, provider consumers with what they want, and also further the goals and success of businesses.

So, what happens if you want to take your company’s online efforts to the next level and start sending out a newsletter to those who read your blog, but you have no coding or design knowledge? Is there still a way to create a newsletter that looks and operates in a professional manner that your subscribers are going to want to open up? The simple answer is yes. With that said let’s take a closer look at how exactly you can set up an effective blog newsletter, even without that tech background and experience.

Find a Platform that Works for Your Needs

The very first step you’ll need to take is to find an email marketing platform solution that works for your needs. There are some that are quite advanced, and will likely be out of your league, whereas others are built for beginners just like yourself and will walk you through all the steps. These platforms don’t require you to know anything about coding and design, as they specialize in providing a user-friendly platform.

Sendgrid is an example of a platform that will help novices set up a blog newsletter, but keep in mind that it has a limited number of features and is really meant for transactional emails. Finding an alternative to Sendgrid may be wise.

Create a Template That You Can Use for All Newsletters

The next step is to create your template. This is the layout that you will use for each of your blog newsletters. By creating one standard template you will be making your job much smoother moving forward as, once created, it’s just a matter of plugging in the new content each time. From a reader’s perspective the template is something they will learn to recognize and get used to, making navigation simple and fast.

Now as for creating this template, again those same email platforms can help you. Many of them offer templates you can use, or will walk you through the steps to create your own. Again, there is no need for coding knowledge.

Make Use of Any Automation Tools Offered

As a final tip, be sure to check out what automation tools the newsletter platform features. By automating the process, you will be taking that much work off your own shoulders, making sure nothing is overlooked or forgotten, and taking advantage of high-tech features you may not otherwise be able to figure out.

Don’t Let a Lack of Knowledge Hold You Back

At the end of the day this strong digital trend should be what drives your business efforts and not the fact that you lack in coding and design knowledge. Newsletters are one of the top marketing methods small businesses can employ, and they’re definitely worth utilising.

 

Banners are one of the most cost-effective ways of advertising your business to the world. Promoting your business doesn’t mean you have to spend much to invest in your marketing strategy, because the traditional printed material still works despite being around even before the digital age.

If you’re planning to use this tool for your branding, you need to be aware of how to design it effectively. While there are companies who can take the job off your hands, you can take care of the design yourself. All you need to do is find a company that can provide quality pull up banner printing for you.

Designing your roller banner is not an easy task, but it is manageable. If you’re in the process of doing it, below are a few tips you’ll want to keep in mind.

1. A catchy tagline will help customers to remember

Customers remember many successful brands and businesses because of their catchy slogans. It’s good to integrate it if it’s for a banner that you use for expos or weekend stalls. But if it’s a specialised banner for your next sale or an important announcement, you may want to come up with a catchy phrase to catch your customer’s attention.

You’ll want to keep it short though because not everyone has the time to stop and read all the details on your banner. Keep it to a length so that prospects will get your message at a glance.

1. Important information should be at eye level

Expensive goods are placed at eye level so they will be seen and bought first. It’s the same as designing your pull up banner, where you need to make sure that critical information is positioned where clients will see it first. This psychological technique works well and is something that you can use to your advantage to get your brand known.

1. Minimalism applies

One of the common mistakes business owners make when designing their banners is filling all the space with unnecessary information. Less is more and having white space on your roller banner is pleasing to the eyes. Having too many things going on at once is confusing and will turn customers off from taking the time to even look at what you can offer.

There are many elements that you need to integrate into your design to make your banner effective. As mentioned before, you can pay a professional to do it for you, but you can also take the time to do it yourself. Keep in mind that if you do decide to do it on your own, don’t cut corners and invest in high-quality images for your banner. You won’t want a pixelated and cheap-looking banner standing outside your shop or beside your stall, as it will just do the exact opposite of attracting customers to buy from you.

Marketing strategies come in many forms, but you can still go old school with a pull up banner. Not only is it an affordable investment, but it is also an effective way to establish brand recall.

Image: https://pixabay.com/illustrations/megaphone-speaker-speak-loud-2374502/

 

Many firms say their employees are their first priority, but this is rarely the case. The question for some firms is how they can demonstrate this beyond showering people with extras that may not impress them. Training of all kinds is often seen as a waste of money, though it can be a way to educate and improve the workforce’s performance. Let’s look at how health and safety training can benefit your business.

Improved Morale and Engagement

Health and safety training provided by the company demonstrates that the firm cares about the wellbeing of their staff. This can make a huge difference on how the employees view their employer. When the company’s leadership takes health and safety training, they design policies, procedures and workplaces that truly put employees first. This reduces accidents and injury rates that can erode morale.

Employees who complete NEBOSH training and certification exams that give them valuable credentials see that the company is investing in them. When line workers know they can move up to the health and safety team or management, they see a future with the company, which is another incentive for them to give their full effort.

Cheaper, Easier Recruiting

The fact that the firm has a low injury rate prevents current employees from leaving due to injuries or fear of being injured. A business that has attained safety certifications can advertise that certification which will help them attract new talent, especially the high-quality talent you desperately need.

NEBOSH certification can be attained by supervisors, managers and operational staff. When your business can boast that they have 100% NEBOSH certification, it proves to applicants you really do care about your employees’ safety. You can also use announcements of the business earning various safety certifications as a way to promote your brand.

NEBOSH offers internationally recognised qualifications and they are worth researching in advance, so that you can find out more about the various NEBOSH certifications and how they could benefit you and your employees.

The Overall Cost Savings

Safety training is cheaper than paying for the care of an injured worker. It certainly reduces your liability risk, and this in turn could reduce your insurance premiums. Businesses that invest in health and safety training probably won’t have to pay as much in legal fees either. Not to mention that health and security training is necessary to be compliant in certain industries, which could open you up to fines if you don’t make sure that your staff members receive the proper formation.

Low injury rates not only reduce the amount of workers’ compensation you have to pay, but the amount of money you have to spend on finding new employees and training them. Not to mention that new staffers are much more likely to be involved in accidents as well.

Another benefit of health and safety training is that injuries that do occur will be reported and treated sooner. Employees may be out for the afternoon to see a doctor, but they won’t be out for weeks recovering from the more severe problems that arise when the condition is allowed to worsen. Reduced absenteeism is likely to increase productivity, which will largely cover for the price of safety training in the long run.

There are other savings you’ll see as well. When people can point out health and safety controls that are malfunctioning, you can turn off the equipment and fix it before there is an expensive failure in addition to an injury.

The Reduced Management Burden

A well-trained workforce understands how to work safely. They’ll report unsafe working conditions and potential problems, reducing the need for managers to closely supervise everything. They’ll understand the risks associated with near misses and dangerous conditions, and they’ll work to rectify matters. They’ll correct co-workers taking dangerous shortcuts or failing to take proper safety measures.

Employees that are afraid to get injured are also much less performant as well. That’s why you should not only focus on giving them the proper formation and making sure that you have a clear security plan in place, but you should also provide safeguards that will allow them to work unencumbered and without fear of injury. More safety will allow your employees to focus principally on the task at hand, which will result in better productivity and output, and increase your bottom line as a result.

Health and safety training should be seen as an investment in the company that yields high returns. You can’t afford not to provide the best health and safety training available to your team.

As a new business, your first business contract is memorable. Its successful execution and completion are what puts you in the limelight and send a message to other potential clients so that they know you can deliver. That is why for small businesses, attracting and keeping clients is the game changer.

But for any type of SME, the competition is usually stiff. There are usually too many businesses chasing few contract opportunities and it can be rather difficult attracting the leads you need. So, what can you do to increase your chances of landing your first contract?

Create a network list –

Competing successfully with hundreds of other small businesses and landing that business contract will be difficult, if not impossible unless you have an ace up your sleeve.

For some people, that ace is the people they know who can help them get one foot through the door. But if you don’t have the advantage of a network, you should create one.

To get started, create a list of company prospects you will like to target, then map out a strategy that would create an opportunity for you to interact with the people that matter. Before you run through your list, persistence will pay off.

Focus within your sphere of influence –

One of the easiest people to sell to are people you know, or those that know about the skills you possess. The plan is to land the first business contract that will open the door for others, and not necessarily a multi-million pound engagement deal.

It is a lot easier to key face-to-face meetings with decision-makers in companies you worked for when employed, or those located within the same city as you. In fact, one study showed that corporate decision makes tend to favour vendors located close-by when making business decisions. Therefore, take a good look within, before going out.

Emphasize your brand –

When it comes to impressing corporate decision makers, your brand needs a loud voice. For this reason, one of your most important responsibilities as a small business is building your brand to the point where it becomes synonymous with the identity you are trying to achieve.

There are a number of cost-effective methods of brand building, such as being active on social media, running regular promotions, sponsoring local events and content writing. The more you portray yourself as an industry in your field, the easier it will be to attract your first contract from a corporate client.

Show you know what you are talking about –

One thing about persistence is that it usually pays off. Therefore, chances are that after a while of cold calling, social media posts and local events sponsorships, you will eventually clinch a meeting with the decision maker of a corporate client. But all your effort will be for naught if you are unable to show that you know what you are talking about.

While you are doing the needed publicity, ensure that you keep up with what is happening in your industry so that when you get to the meeting, you can prove that your business is the best for the job.

There are other handy tips in this guide that would help land your first business contract in the public sector, but hopefully, this short article has provided some needed insight.

Remember, luck is simply opportunity meeting preparation.