Michael Levitt's Blog, page 88

How to Start and Grow a Business that is Successful

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If you want to ensure that your business is successful, then you will certainly have a lot to think about. Take a look below to see the steps you could take to eliminate risk.

Get Organized

If you want to achieve true business success, then you have to make sure that you are organized. This will help you to complete any business tasks, and it will also help you to stop yourself from duplicating your efforts. One good way for you to get around this would be for you to create a to-do list every single day. This will help you to stay focused and it will also help you to make sure that you are getting everything done that you need. A good to-do list will help you to ensure the survival of your company, so ensure that you keep that in mind if you can.

Keep some Detailed Records

Every successful company out there will keep records about their earnings. If you can do this, then you will be able to see where your company stands and you can also deal with any financial challenges that may come your way. Just knowing information like this can give you plenty of time to create strategies and it will also help you to overcome any issues that you may go on to experience. Records of your expenses are also crucial, so take note of any equipment or manways you may have purchased over the years.

Analyze your Competition

At the end of the day, it would seem that competition is able to breed the best results. If you want to be successful, then you cannot be afraid to study. You also need to be willing to learn from your competitors too. After all, they have to be doing something right if they are successful. You may be able to implement this into your own business as well, so keep that in mind if you want to make money.

Understand the Risks

The key to being successful starts with you taking calculated risks. This will help your company to grow. One good question that you need to ask yourself is- what downside is there? If you can answer this question, then this will help you to find out what the worst-case scenario is so that you can take calculated risks that go on to benefit you in the long run.

Be Creative

You have to make sure that you are looking for ways to improve your company and you also need to make sure that you are standing out from the competition too. You need to recognize that you do not know everything, and you also need to make sure that you do your bit to take a different approach if possible.

Stay Focused

They say that Rome wasn’t built in a day. The same concept applies here too. Remember- just because you opened a business, doesn’t mean that you are going to start bringing in money. It takes a lot of time for you to get to know the right people,  so you have to stay focused as much as possible.

 

 

4 Major Web Development Trends

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Every year new trends come to the fore, whilst others disappear off the radar. Keeping up to date with the latest eCommerce trends is important for all developers. After all, the Internet moves at an extremely fast pace, and so if you are behind on what’s in and what’s out your work will suffer immensely. Keeping that in mind, read on to discover the top four eCommerce trends you should be aware of for the rest of the year ahead…

Multi-Channel Shopping

There is only one place to begin and this is with multi-channel shopping. This trend was to be expected when you consider the growing popularity of tablets and smartphones. People want to be able to use their various devices in order to shop online. The PC is no longer enough. Therefore, the importance of optimizing e-stores for use on smaller devices cannot be underestimated. The shopping experience with your business needs to be as enjoyable on a smaller device, such as a smartphone, as it is on a computer. 

Offering Assistance 

In addition to multi-channel shopping, another trend we are sure to see embraced is assistance. This is one area whereby online shopping typically loses out in relation to traditional shopping. Thus, e-retailers are looking for ways to bridge the gap, and therefore it is becoming necessary to find various solutions for offering assistance during the online shopping experience. Most companies are embracing the option to add a live chat feature to their website. 

Guided Discovery

Guided discovery is something we have noticed emerging over the past year or so, and it is only set to grow in popularity during the upcoming year. The internet is all about convenience and finding the right products as soon as possible. Guided discovery epitomizes this notion. You will need to come up with ways of suggesting products to the consumer, yet you must ensure these products are relevant to the customer in question. There are many different strategies you can use. One popular option is to suggest products based on the items the consumer has bought from the website previously.

Content Marketing 

Having an attractive and easy-to-use e-store is imperative, yet marketing it right is just as important. After all, what is the point in having an online store if no one can find it? There are many different marketing options developers can make use of, nevertheless, content marketing is one that simply cannot be ignored. This works extremely well because you take advantage of search engine optimization (SEO). It also partners well with social media marketing, which the  Scott Surma Pinterest page is a great example of. With content, you are also empowering the customer with knowledge in the hope that they then purchase from your store. This is not an intrusive form of marketing and therefore it tends to be much more effective. 

So there you have it, the top four trends in eCommerce that all developers need to be aware of for the year ahead. Multi-channel shopping is definitely the most prominent. If you don’t optimize your customer’s websites for tablet and smartphone use, they are going to seriously suffer. Their bounce rates will rise and they will miss out on a huge number of potential sales. Aside from this, guided discovery and assistance are essential for customer experience, whilst content marketing is imperative when it comes to promoting all e-stores.

6 Business Basics You Just Can't Afford Not To Get Right

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If you dream of the high life, then starting your own business is definitely the route to go down. However, when it comes to running a successful business, there are certain things that you just simply cannot get wrong. These business basics are essential to making your company tick, so be sure not to overlook anything on this extensive list of items to get right at the first attempt.

1. Bookkeeping

Maintaining a healthy cash flow and keeping track of your invoices is key to business success. Get this wrong and you could be facing questions from the taxman or bankruptcy altogether. There are two routes you can go down here. Firstly, if you have quite a good financial mindset and you are good at dealing with numbers, then you could keep track of your books yourself. For those of you wishing to do this, we recommend using small business accounting software like QuickBooks or Xero. 

Alternatively, you could outsource your bookkeeping to a proper financial expert who is qualified in doing this sort of this. Accountancy firms can charge a pretty penny but it pays to make sure your books are in order, and the peace of mind of not having to worry about them is also worthwhile to many business owners. Consider this carefully!

2. Hiring & Firing

Your staff are the lifeblood of your business. So, be wary when hiring and firing new employees. It’s absolutely crucial that you maintain a positive and upbeat working environment, as one dodgy firing or a miscalculated promotion could cause mutiny in your camp. Make sure you have a thorough recruitment process in place that takes into account a candidate’s personality and the likelihood of fitting into your small team rather than always just employing the most qualified person for the job.

Equally, consider the impact of letting an employee go on the rest of the team. If they are well-liked among their peers would it not be more worthwhile persevering with them and trying to get them up to the adequate level rather than letting them go? 

3. Environmental Impact

If your firm is undertaking any built environment work, then it’s important to consider that project’s impact on the planet. Why not use an environmental consultancy like Aegis Environmental to get a better understand of issues like asbestos, mold, and air quality? 

Failing to consider the environment really is a business faux pas in 2021 as we need to be protecting our planet moving forward. Business owners who are seen to be showing disregard for this aren’t going to attract the best PR, so it’s worth considering this point closely if you are set on business success for your company.

4. Collaboration Tools

Improve collaboration in your organization by investing in proper business applications and substantial I.T. systems that will enable your employees to thrive. There is nothing worse than having to be part of a remote team that struggle to get in contact with one another. Software such as Slack and Microsoft Teams have all been used to great effect during the pandemic and have proven that staff can work remotely away from one another when required. 

The lynchpin of all of this is a robust I.T. system that can be relied upon. Therefore, don’t overlook the importance of getting your technology right when it comes to running a business, as not doing so could cause your productivity levels to drop massively.

5. Staff Wellbeing

A real business basic this one but preserving your team’s wellbeing is fundamental to running a successful business. Get this wrong and you could face an exile of team members walking out on your company. With a rise in awareness of mental health issues in the last five years, it’s more important than ever in 2021 to make sure you are protecting your team from burnout.

A healthy work-life balance should be available to each and every employee at your company, where stress is managed carefully and people’s mental health is well-respected. It’s important to boost morale now and again too with staff socials and frequent perks of the job. So, whether that’s free drinks on a Friday or an early finish once a month, it’s important not to overlook this sort of thing and to get your approach to staff wellbeing right.

6. Planning For The Future

The old adage that if you fail to prepare you should prepare to fail has probably never been more true than in the last year. Businesses who were prepared and set themselves up to remain robust in a world of uncertainty were the ones that coped best throughout the COVID-19 pandemic. Getting this basic step right will ensure that your business is set up for the future.

You should ensure that your company always remains innovative and does its best to lead the way within its industry. If you fall off the pace and just copy what other companies are doing, then you will never truly be at the forefront of your sector. This might seem like a basic tip but you’d be surprised by how many business owners get complacent and then suddenly lose their grip on the market and their business suffers as a result. Always plan for the future and that way you will ensure that you and your company never fall behind the rest of the chasing pack.

Hopefully, these six points have really hit home with you as a business owner. While they are business basics, it is important to revisit them now and again and reiterate their importance to your staff. Everything on this list is something that you just simply cannot afford not to get right first time. We are talking about business-critical dealings, so to overlook them could place your organization and the livelihood of you and your team in grave danger. Conversely, get everything on this run-down right, and you will be able to enjoy and lengthy and prosperous career running your own business.

A Quick 5-Step Guide to Accreditation

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Almost every commercial, industrial and private company across almost every sector falls under rules, regulations, and guidance where their operating practices and standards are concerned. One of the best ways to show the world how well you adhere to these standards and provide excellent service is through the use of accreditation evaluation.

Accreditors are industry-specific bodies that assess your business, practice, or establishment in order to evaluate your capability when it comes to specific criteria and how you carry your service from start to finish on many levels including professional practice, customer service, and legal requirements to name a few.

The process of accreditation can be tricky and there are usually multiple accreditors for each sector, this small guide aims to highlight the following:  

How You Can Get Accreditation

How It Can Help

What to Consider When Choosing an Accreditor

How to Prepare for an Accreditor

What It Means to be Accredited

Accreditation usually has to be applied for but is an easy online process while being recognized by an official accreditor can help your business in multiple ways and there are some things you need to be aware of when deciding on a specific accreditor. Once an accreditor has been chosen you will need to prepare in multiple ways to accommodate an assessor and once passed, an official accreditation can provide more than just peace of mind to customers.

How You Can Get Accreditation

There are many accreditors across multiple industries in various sectors but some of the best examples include Microsoft Certified Systems Engineering (MCSE) for IT technicians, the Global Healthcare Accreditation (GHA) for hospitals, and the Commission on Accreditation of Rehabilitation Facilities (CARF) for recognizing quality rehab medical practices. These are all indicators that a particular business or company employs trained personnel with the capabilities to carry out the required work to a very high standard and deliver other industry standards across their entire service.

To be accredited by an industry-standard body requires a high level of dedication across your business and every facet of your business will be scrutinized and assessed to check whether you can deliver the quality of service that is required as outlined in each body’s code of practice. There are accreditation consultancy companies that will allow you to hire a CARF consultant, for example, that can highlight areas of improvement when it comes to preparing for accreditation in rehabilitation. You can get accreditation by applying through each body’s website and following a rigorous assessment, you will be awarded should they deem it warranted.

How It Can Help

Depending on your business type, accreditation consultancy alone can take up to a year as they work with you to ensure that your company is up to standard before the process of accreditation actually begins. This is just as important for them as it is for you since they won't want to be associated with a company that under performs, cuts corners, or delivers a poor service. Following a satisfactory evaluation of your company, a decision will be made on whether to apply for the accreditation of your service or not. 

While most industries don’t require accreditation for you to trade, an accreditation lets the public, and therefore any potential clients, know that your business meets or exceeds the high levels of service in your specific sector as outlined by the accrediting body. This has the obvious advantage of boosting business as a whole as clients seek the best, but it also allows potential employees to consider joining your company while giving existing employees something to be proud of knowing that they are officially recognized for their efforts.

What to Consider When Choosing an Accreditor

While your accreditation consultant will advise you to the best of their ability when it comes to what accreditors look for when assessing an industry-specific company, they will not advise you on which accreditation body to choose, since they cannot recommend one over the other for reasons of bias. For this reason, choosing which accreditation body to assess your business falls on you and for most industries, there are various bodies. However, you can of course choose to be evaluated by more than one accreditor.

For the most part, it is best to choose the most widely known accreditor in your field before moving onto further accreditors in the future. If you feel that your business will fail to meet the standards of a particular accreditor then choosing a better fitting one might be best. Any hired consultants will be able to advise which accreditor is best suited to your company and help with preparing for accreditation. Just like your company, any accreditor that you wish to work with should also provide excellent standards in their field, such as:

Customer service

Highly recognized and/or recommended

Professional surveying staff

Account handlers

History of high standards

How to Prepare for an Accreditor

While there is no way of knowing exactly what an accrediting surveyor will be looking for when they visit your business, your consultant, should you hire one, should be able to advise you well when it comes to preparing for an assessment. Many accreditation bodies will require many years worth of records and the ability to demonstrate a high level of the required skills and services on a consistent basis. For this reason, a consultant will also require records for high-quality service for as far back as possible.

When preparing for accreditation, it is advisable to know the policies and procedures that are given the most focus by each independent accreditor as some bodies may focus on some policies more than others, and any good consultant will be aware of each accreditor's standards and can therefore help you prepare for them. An accreditation consultant will be able to help prepare your team for accreditation by changing policies and procedures that better meet desired standards, assigning training tasks, and even filing the necessary paperwork on your behalf.

What It Means to be Accredited

Should you file for accreditation and then subsequently be awarded an official accreditation by a well-respected and recognized body then this will boost your businesses’ public image by showing everyone that you conform to a high level of industry standards and follow well-maintained procedures and policies that ensure the best level of service at all times. However, just being accredited doesn't mean that you can then do what you like. As an accredited member of a particular body, the standards highlighted throughout your accreditation process must be maintained at all times or you actually run the risk of losing your accreditation. 

Many bodies will routinely check up on any previously accredited companies in order to ensure that their name is being associated with a company that deserves appreciation and that your company is keeping up to date with industry-wide changes or amendments in practice. It falls down to you as a business owner to make sure that your staff possesses the necessary skills to meet the requirements of your accrediting bodies and that standards are maintained across the company.

A beginner's guide to selling on Amazon

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Amazon is one of the biggest retailers in the world. Its warehouses are spread across various continents, and the number of products listed is unimaginable. Product ranges vary drastically, from health and beauty, homeware, medical, pet care, and so much more. If you have created a product and want to sell it or want to get in on drop shipping, Amazon is one of the best retailers to use. It has an excellent reach, with millions of consumers using it regularly. It also has an excellent reputation and offers various shipping options, meeting numerous customer demands. If you want to start using Amazon's platform to sell, there's a lot to consider. Are you going to do everything manually? Are you going to reach out to the sunken stone amazon marketing agency for marketing help? What products are you going to sell? Fear not; this guide can help you decide what you want to do with your Amazon business! 

Do market research

Truthfully, you can probably put anything on Amazon, and someone will buy it. Even if your product is quite niche, there will still be a buyer. However, doing a little market research will certainly help you. By doing some research, you can see what niches are overly saturated, what kinds of products are selling well, and at what price products sell. This research can give you an idea of what types of products you want to sell and for how much. Plus, market research also gives you the advantage of looking at competitors and seeing what they're doing. From this research, you can replicate what they are doing well and improve on what they're not doing so well. 

Decide on your amazon plan

When you sign up to Amazon as a retailer, you're faced with a choice. You can either opt for a professional seller plan or an individual seller plan. One of the most significant factors in your decision is how much you think you'll sell. If you want to sell on Amazon as a side gig or only want to sell one particular niche product, the individual plan may be best. This plan is ideal if you're planning to sell less than 50 products or so a month. There is no subscription fee, just a seller's fee every time a sale is made. There are other fees, such as referral fees and closing fees, but you can look into those when you look into the plan in more depth. 

A professional plan is for sellers who make selling on Amazon a full-time job. They are constantly hunting for new products and listing them. This is also an ideal option for established businesses who want to sell their products using Amazon. Rather than a fee every time a sale is made, there is a monthly subscription fee. This will depend on where you live, but it's usually around $40 or £40. Once you have selected your plan, you can use plenty of tools to create your platform.

Choose your product

When choosing which products to sell on Amazon, one of the first things you need to do is see if that product is already being sold. If yes, look at how well it's selling and how much it's selling for. This will then give you an idea of how much you will want to list the same or similar products for. If not, this gives you a great advantage. Not only can you sell a product for how much you think it's worth, but you also have no competition. So, if someone needs your product, they'll have to buy it. Remember though, don't set the price too steep as consumers may look to shop somewhere else!

Consider marketing

Perhaps the most crucial element to selling on Amazon is marketing. If you already have your own website or are experienced with selling online, you will know that getting noticed online is the hardest part. Software such as Google and Amazon have algorithms that no one knows the formula to, and these algorithms will pair up consumer’s search queries with relevant results. Marketing correctly will help your products come up as a result when necessary. Not only does this mean consumers are more likely to buy the product you're selling, but it means you can also be competitive with other sellers. Marketing on Amazon can take time. If you're focused on finding products to sell, then it's usually best to reach out to a marketing agency experienced with Amazon marketing. This way, the right tactics are being implemented and your platform can get more recognition. 

Once you get the hang of selling on Amazon and establish your business plan, it will become incredibly easy. Before you know it, you could be making a huge profit!

Top Business Uses For EL Wire

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There are many different types of wires and cabling that are used by businesses today. It can make it feel almost impossible to know where to begin when it comes to your own company’s cabling requirements.

From network cabling to decorative cabling, there are many options on the market today. Not only do companies need wires and cables for powering their business premises, but such items can be incorporated into their products as well. In this blog post, we will explore one type of wire in further depth.

Understanding more about EL wire and the uses for this product

EL wire, also known as electroluminescent wire, is a thin copper wire which glows when an alternate current is applied to it. It has a whole host of different uses. This is largely down to its thin diameter, which makes it highly flexible. In order to give individuals some ideas regarding what to do with their electroluminescent wire, this blog post will reveal some of its top uses from a business perspective. 

Safety lighting at your business 

One of the best and most useful uses of EL wire is to use it for the purpose of safety lighting. If there is a particular part of an individual’s office that is often used but very difficult to see at night, then electroluminescent wire can certainly guide the way. In fact, with regards to safety, it can also be used to attach to your pet, such as a dog, when walking it at night time to avoid any accidents. Therefore, if you are in the market of creating and selling pet products, this is an option to consider.

Incorporate EL wire into your products for enhanced style and vibrancy

Furthermore, aside from safety purposes, EL wire is also highly beneficial when it comes to style as well. The vibrant color of the wire can easily be used to add a bit of life and rejuvenation to any room in a house. They tend to be popular choices for children and teenager’s bedroom. Not only this but the wire can also be used for costume and clothes making. If an individual is seeking an eye-catching unique outfit then there is no better way to achieve such a look. Finally, when the Christmas season comes up, EL wire is often used in festive provides, as they are the perfect way to add some festive spirit to a home and the surrounding area.

There are a lot of different uses for EL wire when it comes to product creation and business safety 

These are just a handful of the uses of EL wire. There are a whole host of things that can be done with this simple yet useful product. The only question that remains is; will it be product decorating or safety lighting first? You may even find that you are using EL wire in your business in many ways already without really thinking about it or the impact that it has.

How COVID-19 Has Changed the Broadcasting Market

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COVID-19 has led to an increase in media consumption, with people either seeking information about what is going on in the world around them or looking for entertainment to distract themselves while they are stuck at home. This has changed the broadcasting landscape, with broadcasters moving swiftly to take advantage of this surge. There is no doubt that the pandemic has changed the broadcasting market and we are going to look at a few ways it has done so.

New Opportunities for Broadcasters

The pandemic has disrupted many of the established revenue streams that broadcasters usually have, but it has also led to new opportunities. With an engaged audience giving broadcasters a chance to grow their subscriber and viewership numbers, broadcasters are able to grow their revenue through increased interest from advertisers looking to reach the audiences the broadcasters have. 

With the increase in online traffic, more broadcasters are also becoming open to using social media to reach their audiences where they reside. Advertisers are also following them there and this is why digital advertising revenues are growing for broadcasters who have embraced social media.

A Shift to Streaming

The shift to online and streaming services is likely the biggest change to the broadcast market caused by COVID-19. Streaming is seen as a way to diversify sources of revenue as well as attract users to subscription services.

Because of this shift, we are seeing more broadcasting houses moving from a linear platform to a digital one, with prominent media companies having already built their own streaming services or willing to look into solutions that allow them to do so.

Demand for Linear TV is Growing Again

After years of being cannibalized by online streaming and over-the-top (OTT) services, the demand for linear TV is growing again. With a lot of people stuck at home, the amount of time spent in front of a TV is higher now than it has been in the past few years. For example, the amount of time spent watching TV grew to 4.5, 3.5 and 3 hours in France, Belgium and the UK respectively. 

Because of the need for both information and entertainment, studies predict that the time spent watching TV grew by 10% in 2020.  Businesses that want to take advantage of this renewed interest in linear TV can create televisions channels and distribute their content through services like playout from Red Bee Media. Playout is the perfect solution whether you want to create linear channels that feature live events or pre-recorded shows. The service is designed for both global and regionalized channels with Red Bee allowing businesses to deliver their service from the UK, Nordics, Europe and the Middle East to help you comply with licensing needs.

New Mediums Are Growing

The pandemic has caused a lot of people to work at home and, because of this, there has been an increase in the amount of audio content that people consume. As the consumption of audio content continues to rise, more broadcasters and independent content creators are looking to get into audio streaming and podcasting.

Due to the rising demand for entertainment and education through audio streaming services on platforms such as Spotify, we can expect to see a lot more broadcasters switching to podcasting or starting their own services. Also, these new mediums are another way for broadcasters to diversify their income and revenue streams.

There is no doubt that the pandemic has changed the way we consume media. There is a strong relationship between this and broadcasters changing the way they do business and earn revenue. Because of these two, we are seeing changes in broadcasting that are likely to shape the way broadcasting looks like for decades.

What Can You Do To Make Your Employees Feel Good About Returning To Work?

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Over the coming months, a lot of employees will be returning to work after having many months on the sidelines. After all, a lot of businesses have had to close their doors as a consequence of the social distancing rules and regulations that have been implemented due to COVID-19. There are then a lot of people who have worked from home over the past 12 months. No matter what applies to your business, if you have employees coming back into the workplace, it is important to make sure they feel happy and comfortable about the environment they are entering into. With that being said, here are some of the different things you can do to make your employees feel good about returning to work.

Supplement income if you are able to

One of the best things you can do during this difficult period is making sure that your workers get the pay that they deserve. Of course, we have all experienced a difficult time financially. However, if your business can afford to, paying your employees when state aid does not suffice will make a massive difference. You will have a team of productive and loyal employees who will want to drive your company to success. Passavant Memorial Homes is a good example of a business that has done this for its employees.

Make health and safety a priority

A lot of people have different attitudes when it comes to coronavirus. Some people are incredibly worried about catching the virus. There are then others who don’t feel scared. We need to respect everyone’s views and make sure that health and safety are of the best possible standard. There are now laws in place regarding COVID-19 health and safety, and this is the minimum of what you should be doing to make sure that your employees feel safe and secure while in the work environment.

Be honest and open, and communicate regularly

Communication is critical during this period. Communicating effectively with your employees to keep them informed is one of the best things you can do. As mentioned, a lot of people have been incredibly worried as of late. Therefore, by being open and honest, you can make sure that everyone is on the same page and that your workforce feels supported. If you’re going to need to reduce hours, for example, the sooner you tell people, the better. The worst thing you can do is hide information, as the more time people have to deal with it, the more time they have to sort other arrangements.

So there you have it: some of the different things that you can do to make your employees feel good about the prospect of returning to work. We hope that this helps you to feel more confident about establishing a work environment that your employees can thrive in. After all, we know that it has been an incredibly difficult period for people all over the world, and so giving your employees that comfort and assurance is one of the best things you can do.

Why Employee Burnout Can Be Detrimental To Your Business

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According to Emplify, about 95% of HR practitioners in the US admit that employee burnout is a real issue that disrupts overall workforce performance. Sadly, some employers misunderstand employee burnout. They tend to equate it to laziness and a ploy to remain unproductive. However, it’s a combination of physical, emotional, and mental exhaustion which can reduce an individual's sense of accomplishment. Thankfully, since 2019, employee burnout has become a medically recognized diagnosis. Are you interested in knowing how it can affect your business? Please read about it here.

It affects employee mental health

Your employees are the main drivers of your business empire. If something bothers them enough to affect their performance, that may spell doom for your establishment. Employees showing signs of burnout will most likely absent themselves from work frequently. On the other hand, those who report to work usually feel no obligation to perform their daily duties as required. Several others who can’t deal with it are likely to jump ship to work elsewhere as an alternative.

When this happens over a long period, your business suffers because the very people supposed to be productive have no interest in doing so. As stated by Linda Pawlik Picardo, people's mental well-being tend to be unfortunately overlooked in many instances. That explains the need for more employers to accept employee mental health as a crucial issue capable of making or breaking a business. More so, the World Health Organization added its voice to this global problem by renaming it an 'occupational phenomenon.'

It negatively impacts business finances 

According to Forbes, unresolved employee burnout costs US companies between $80 and $100 billion every year. As unbelievable as this may sound, it’s an indisputable truth facing the American economy. Besides, what makes it even more terrifying is that 1 in every 5 American adults suffers employee burnout, leading to mental illness. Indeed, the financial impact on business is glaring, and the sooner you deal with it, the better it will be in the long run.

Unfortunately, there’s a belief that companies that spend more on addressing employee burnout lose out on profits. However, a Deloitte study proves otherwise. Viewing employee burnout as a corporate issue can be the key to unraveling unexplored profit potential. For example, if the poor organizational structure is the major underlying cause of high burnout, setting it right is enough to motivate workers to perform better. If not, your bottom line will suffer the most, which wouldn't augur well for business finances.

Flows over to the customer

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Especially because employees are front liners dealing with customers, their burnout will inadvertently affect your customer service. Now that’s not something you want to happen when your revenue source depends on client patronage.

The chances of an unhappy or exhausted employee treating a customer in an unsatisfactory manner are high. Consciously or unconsciously, the employee will sabotage all attempts to create a positive customer experience. When that happens, the customer forms negative perceptions about your entire company, and at this point, you’ll begin to lose loyalty.

Although employee burnout is an individual issue, you should zero in on your company's working conditions as it affects the overall business. It could be something you're not doing right that makes your workers feel overwhelmed and undervalued.

Starting A Plumbing Business, What You Need

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Problems with the water or sewer pipes of the business can cause a variety of problems, the relief of which is the fault in the pipes, as explosion, flooding or any other hazard can damage the equipment and equipment of the business, impair the quality of service and even disrupt business or harm business employees and customers. For this reason you, as the business owner, must ensure that you have an available, fast, efficient and professional response to any malfunction that may occur. This must be looked at before you decide to establish your business; can you offer the customers what they truly need?

Plumbing is one of the few deals with manual skills that are in high demand. As a plumber, it is your job to repair, install, repair and replace plumbing. If you have prior knowledge in the field of plumbing or you are conducting a plumbing training course, you can start your own plumbing business. For people who are already thinking of starting their own plumbing business. In this article you will get an idea of what you need to open a plumbing business, the necessary steps and a business plan of plumbing services.

What do I need to run the plumbing service? 

Skills and Experience: You must have good plumbing skills and the ability to perform plumbing work professionally. Years of experience is another advantage in your field of plumbing. 

Capital:  You need capital to open your plumbing business. Starting a new business does not require large investments, but you will need money to meet basic needs, such as: money to buy the necessary equipment you will need to work with, money to get all the listings and licenses, money for office offices etc. You may want to look if you will offer plumbing finances. You should also consider financial options, such as how can you obtain funds, from loans etc.

Motivation: As with any new business, you must ensure that you have the motivation to continue the work. Starting any business is difficult, therefore you must be sure that you really want to continue and know all the implications that this may incur. 

Apply for business licenses: You must obtain the necessary business license licenses in the country. Obtain your tax identification number as well as any business management and business registration certificates. You must be sure that you have everything sorted beforehand to avoid any penalties or hindrance to your business start date. 

Market your new business

Here are some of the best ways to market your new business, which may incur some capital to properly establish: 

Flyers and business cards

Social Media campaigns  

Local newspaper ads

Word of mouth

Radio ads

Website and SEO

LinkedIn marketing 

Build relationships and affiliations

Google ads

Create video and photo content 

As with any type of business, thorough planning is important. Financing is also important as well as having the necessary insurance to ensure that your business is getting off to the best possible start.