Mohit Tater's Blog, page 521

The Difference Between UX and UI

It is common for people to use the terms “user experience” (UX) and “user interface” (UI) interchangeably. Both terms describe aspects of the way a user interacts with a product or service. However, there is a noticeable difference between them.

What Is User Interface? 

The user interface is anything that you as a user employee to interact with a digital service or product. Keyboards, screens, touchscreens, lights, and sounds are all examples of user interface.

In the 70s, you needed to use a command-line interface to interact with a computer. Graphical interfaces weren’t available for the public. To get a computer to work, you needed to input a programming language. This meant inputting countless lines of code to complete a task.
 
This changed in the 1980s when computer scientists at Xerox made graphical user interfaces part of computing. Since then users have been able to interact with computers by clicking on buttons, using menus, and interacting with icons.
 
This opened up computing to the world as no knowledge of coding languages is needed. In 1984, Apple’s Macintosh brought this style of computing into homes across the country. From that point on, computers needed to be designed in a way that made it easy for users to interact with them.
 
Over the years, UI design and the role of UI designers has changed. Now, UI is part of our mobile phones, tablets, and computers.

What Is User Experience? 

User interface gave customers something to interact with. Customers had positive or negative experiences based on their interaction with computers.
 
In the 1990s, Don Norman coined the term “user experience.” At the time he defined it as every aspect of the end-user’s interaction with a company, its products, and its services.
 
This broad definition includes every interaction a person could have with the business, its service, and its products. It’s not limited to the digital experience. However, when used in connection to a digital interaction, this term explains how humans feel when they interact with technology.
 
Some factors that influence user experience include:

·         The actions or sequence of actions needed to interact with a digital interface
·         The way a person feels and thinks as they go about accomplishing their task using the digital interface
·         The impressions a person walks away with after interacting with a digital interface
 
User experience allows companies to create digital products that meet the needs of their customers. These products allow customers to reach their desired outcome and have a pleasant experience while doing it.

User Experience Versus User Interface 

User experience has been described as the journey that you as a user take as you strive to solve a problem. User interface definition revolves around how the parts of a product you interact with look and function. Design experts at Adobe also mention that ““Since UX designers focus on crafting products that are easy to use and understand, the concept of user-centered design takes a central stage in UX design process.”
 
When a designer creates things with the user experience in mind, their focus is the conceptual aspects of the design process. They feel concerned about whether a software or piece of hardware will be easy for the user to interact with or if it will be a source of frustration. User interface designers feel more concerned about tangible elements. They ask questions like, where will buttons or icons be located on the screen? How will they look? How will they work?
 
When describing the differences between user experience and user interface, one designer put it this way, “It’s like explaining the difference between red paint and the chemicals that the red paint is made up of.”
 
The designer is saying that you can’t compare the two because they are so different. Red paint makes a person feel a certain way when they see it. However, red paint is made up of a bunch of chemicals combined.
 
User experience makes a user feel a certain way as they interact with that product. However, that interaction is only possible because multiple user interfaces were tailored to meet the user’s needs.
 
User experience is becoming a commonly used term, especially in the business world. Both user experience and user interface will continue to evolve. UI helps you accomplish your goals. UX helps you make an emotional connection.

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Tips For Setting Up Your Business Phone As A Startup

Having a phone is crucial for any business. In a wired world, it is important to have constant communication with all the people that contribute to your business. These people include your employees, your customers, and investors. You need a good phone system to help establish your business and to provide clients with efficient services.

A business phone also establishes the credibility and image of your company. It is important that you have a good business phone system so that people will see your company as professional and trustworthy. There should also be a ready customer service personnel in your business to answer queries from callers.

The following are some tips for setting up your business as a startup:

1. Decide On Which Phone Technology To Use



Key KSU-Less System

If you have few employees, the KSU Systems can give you the basic package. You get to harness the necessary tools that can get your business up and running. You will have services, such as call transferring, conference calls, and multiple extensions.

However, the maintenance of phone services depends on you. If you are well versed in maintaining a phone service, this can be a good option for you. Remember that most telephone vendors do not support KSU Systems. 

PBX System

Businesses and companies with more than 75 employees can fare well with a private branch exchange (PBX). The PBX system has advanced features and flexibility. However, the downside is that it costs more in terms of setup and installation. PBX is recommended for medium to large businesses because they may be able to save in the long term.

VoIP System

VoIP Systems use the Internet to make and receive calls internationally and even domestically. However, using the Internet can pose a lot of problems, and you need to be tech-savvy in order to maximize this technology. A piece of good advice would be to use a hosted service for your VoIP system. Getting a host will require you to pay a monthly fee, but it may be worth it in the end if it will satisfy your business interest and your needs.

2. Sign Up And Pick Your Business Number

You have to choose your business number carefully and decide whether you want a toll free number. Toll-free numbers can be vanity numbers to help with better recall. For example, you can have an 800 number that goes like 1-800 cupcakes.

Toll-free numbers are great if you want an established brand identity. They are also great marketing tools that will help establish your company in your community. If you so choose, you can use a number that uses your local area code. However, a local area code will not have a vanity number.

The good thing about a local area number is you will be easily identifiable to customers in your area who may want to purchase from somewhere local. You have to decide what you think will work for you and what will generate profits and revenue for your business.

3. Record Your Main Message

Once you have chosen a number and it is open and running, the next crucial part is to record your message greeting. This message will be the first thing that customers will hear, so you have to make sure that it resonates with your brand and that it comes off as professional and friendly.

You have to choose a team member or employee with a voice and diction that you think is representative of your company. Use voice prompts in order to come up with a good message. If you can’t find anyone in your team to do the voice message for you, you can employ the services of voice actors.

4. Add Extensions

You can add extensions for each department and for each individual in your company or business. Setting up an extension can organize your phone system, thus contacting the person of authority becomes easier and more efficient.

Set up an extension for your executives, employees, and customer service. Make sure that these extensions are shared in your phone’s voice message. This way, customers will be able to know which numbers to dial so they can get their queries answered by the exact and most knowledgeable person in your company.

5. Set Up Your On-hold Music

You can modify your on-hold music as well. Your on-hold music should be much like your greeting in the sense that it should reflect your company’s image and brand. It is advisable that you record your own music.

You have the freedom not to use music if you so choose. You can use the on-hold feature on the phone to tell customers about ongoing promotions and sales that your business or company offers. Because of this, the on-hold feature can also be used as a marketing tool.

Final Thoughts

 A business phone is absolutely necessary for any business or company to succeed. You should get a phone system for your business that provides flexibility and good service.

You have to make sure that your greeting in your business phone should be professional and reflect the identity of your brand. You should also make sure that your extension numbers point to the necessary services so as not to confuse your customers.

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How to Pick Health Insurance for your Employees

Small businesses don’t always offer health insurance, but it may be a good idea if you want to attract good employees and convince them to stay for longer. It all depends on the state you run your business in and its associations health plans rules; you will definitely need to calculate both current and future coverage costs, and discover what your employees think about it, but you may discover, probably to your surprise, that it’s worth it. But where should you start? How to make sure that you pick the best health insurance for your employees, but also suitable for your company’s budget? 

Research the types

Most smaller businesses decide on the traditional health insurance plan, simply because it’s flexible for those insured and allows them to go to any doctor or hospital they choose. However, that’s why it’s also quite expensive. Another option can be a managed health plan, but it may include fees, co-pays and deductibles for various services that can turn out to be expensive for employees. 

The first step should be calculating your budget and getting to know your employees’ preferences – maybe they would like mental health, or prefer dental, or maternity coverage specifically – and deciding if you’re able to cover their dependents as well. 

If some of your workers have special needs, you may consider finding a policy that won’t require specialist referrals to make it easier for your employees to get help they require.

Find insurance broker

A good broker will present you with multiple plan offers from different providers for you to choose from. In order to receive the best possible options that will suit your needs and your budget, you need to find a broker that has experience with smaller businesses like yours, not an individual insurance specialist, or ona that works for big corporations. It’s important to get some recommendations or at least try to gather some opinions, even on the internet, as not all brokers will act in your best interest. 

Check other insurance deals

You may discover with time that you can’t afford any of the plans offered by insurers directly, but don’t be upset, all is not lost yet. You can turn to your state department of insurance to ask for help in your searches or join an association for small entrepreneurs that may offer an insurance plan. However, don’t decide on anything blindly – only because you act through someone else doesn’t mean that you don’t have to check the policy carefully.

Know the insurer

There are several agencies that publish their rating books and you should examine them thoroughly before deciding on anything. Make sure that you know your chosen insurer inside out. Know their present ratings, but also over time, and across different services, as they may not be the same. Know everything there is to know about their claims policies and payments, or access to various specialists and rarer services. You won’t find everything in the rating books, but a good insurance broker should know the history and policies of insurance providers they work with. Also, the state department of insurance keeps the records of all complaints filed against insurers, so it may be a good idea to check that as well.

Find an insurer that actually cares about their clients. You don’t want to get stuck with a company that provides you with poor customer support. Search those that are helpful and offer personalized member experience.

What you should consider while choosing a policy?



Cost, that is overall cost of the plan, deductibles and coinsurance costs. Make sure you can afford it, or calculate how much you can pay and how much will fall on your employees; see if they are alright with that. If there are many deductibles and other extra payments, employees have to be able to afford them, so take it into consideration – paying more than 25% of treatment costs should be a warning sign that maybe it’s not the best policy.Coverage, that is what types of conditions, diseases, injuries, doctors or specialists are covered. It’s essential to know the total coverage of the policy that should be at least $1 million. What’s more, never agree on insufficient hospital indemnity policies or specific diseases policies as they are never enough. Reimbursement, make sure that the coverage and your policy really are less than an average stay at the hospital, sick leave or doctor’s appointment. Limitations, because there are many policies that may look good, but have in fact plenty of bizarre restrictions. For example, your insurance may cover everything, but only in your own state, so when your employee has an accident while on a business trip, it won’t be covered at all or only in a much smaller part. 

Choosing the right health insurance for your employees is not a decision that should be taken lightly, quickly and without doing proper research. You need to know everything about the chosen policy and the insurer, you have to know the exact costs, coverage, reimbursements and restrictions. Make sure that you’re choosing a policy that will truly be helpful and useful to your workers. It may be a valuable asset on the job market that will give you an advantage over your competition and allow you to attract talented employees.

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4 Alternative Ways to Finance a Small Start-up Business

If you are considering starting a small business, then your mind is probably racing with all the things you might need to prepare, organize, and facilitate. One of the main things that needs to be considered is how you are going to finance it. You may have a big idea, but if you don’t have the means to fund it, it could end up being nothing more than a pipe dream. Here are 4 alternative ways to finance a small business start-up.

Self-funding

Whilst you may be able to borrow money to fund your start-up, you may decide that, in the first instance, you would prefer to use money that you already have saved. Whilst you may have intended the money for another purposes, self-funding means you can pursue your business dreams without any debt. It’s an interest-free alternative that might make the most sense in the long run.  

Business loan

A business loan is a great way to fund a start-up business as it allows you to keep any savings you may have as a contingency fund should something unexpected arise. It also allows you to pay back the loan over a set period making it far more financially viable month to month. You may be required to provide a business plan as well as evidence of how you intend to pay back the funds each month. It’s a good idea to go through companies such as Opportunity Business Loans as they work alongside many lenders and may be able to obtain rates you wouldn’t otherwise have access to.   

Rewards-based Crowdfunding

Rewards-based crowdfunding is a very popular way to raise money, particularly for start-ups. You pitch an idea on a crowdfunding site together with a targeted amount of money you wish to raise by a specified date. You then rely on people investing in your idea in exchange for rewards. Rewards can vary from free products, discounts, or other perks that may be fitting. It is particularly popular in the likes of the gaming industry whereupon people will invest in new developers and be given access to games as a reward.  

Friends and family

Granted this might not be the most ideal way to start a business as there could be an element of apprehension from all sides. You might, however, be surprised at how many people believe in you and are eager to help your idea take off. If you are borrowing from people other than your parents, you might want to have some form of legal agreement set up to make things a bit more business-like. You should also discuss whether some form of interest rate should be applied to the borrowing. Whilst it is not a bank or business loan, formalizing things might alleviate any concerns that they may have and could make you feel better about the whole thing. Another option is to offer them a small percentage of equity with an option for you to buy it back once the loan is fully repaid.

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Managing Stress and ADHD as an Entrepreneur

All of us encounter stress, not just entrepreneurs. However, there are specific stressors that come with being an entrepreneur that other people may not be aware of, and that’s why it’s essential to understand these stressors. You have to handle the taxes for your business, manage employees (with little to no assistance, depending on your situation), and often, you have to do your marketing along with offering the services or content that you provide through your entrepreneurial feats. When you’re one of the 4.4% of the entire population of adults in the United States that live with ADHD, you may find yourself facing additional challenges.

What is ADHD?

ADHD or Attention Deficit Hyperactivity Disorder is a condition that can affect people of all ages. Though it is often diagnosed in childhood, it does not go away. Many adults live with it and maintain their full lives. Here are some potential symptoms and signs of ADHD:

Distractibility or a disparity in focusingImpulse control issuesHyperactivityRestlessnessTrouble with instructionsPoor organizationExcessive talkingInterrupting others  Jumping from one task to anotherForgetfulness Fidgeting 

People with ADHD can be incredibly creative, clever, and intelligent. While symptoms of ADHD can make things more difficult in your working life, there are ways to make it work for you, and it can even become an asset in many ways. 

Executive function as an entrepreneur

People who have ADHD struggle with executive functioning. It presents something called “executive dysfunction.” The term refers to difficulties with the cognitive processes which allow people or manage time efficiently, organize thoughts, activities, and deadlines, and make choices. The trouble with executive functioning can manifest in behavioral, cognitive, or emotional symptoms. These symptoms can impact you in your professional life, but as with most obstacles in life, they can’t put an end to what you want to do unless you let them. It’s about learning self-awareness. You can notice these things develop strategies to manage them. For example, you might create a habit of setting your keys, phone, and medication all in one place whenever you’re at home. That way, when it’s time to leave, they’re always right there. You might set alarms for things like “lunchtime” or “call with ___” so that you have an alert when you need it. As an entrepreneur, you’re meant to create a new path, so remember that you don’t have to do things exactly like other people. Having systems in place to help you is not something to be ashamed of, and in fact, it is a powerful thing.

Staying focused 

Maintaining focus is one of the most common struggles that come to mind when we think about ADHD. Here are some tips for staying on task:

Set alarms and reminders. Keep a digital calendar system if it helps you. You can also use a physical planner.Take advantage of your hyperfocus when it comes, which is excellent for entrepreneurs that set their schedules.Complete things in small steps. Take large tasks and break them down into pieces that you can finish one at a time. Use a timer to remind yourself to take breaks or check-in with yourself or others regarding tasks. Use fidget toys or allow yourself to take breaks where you’re able to move around if possible.Use positive self-talk and affirmations. If you get frustrated, it’s helpful to take a break from a task and come back to it later. Remind yourself that you can only do what you can do.Keep a neat workspace. It can be challenging for folks with ADHD, but it can be tremendously helpful in promoting focus. You can temporarily take everything off of your desk except for your laptop, notepad, pen, and a stress ball or a plant. Put it in a box or file folder so that you aren’t working amongst the clutter. 

Every person with ADHD is unique, and different things will work for different people. The most important thing to do is to remember to be gentle with yourself. Use trial and error to find what helps you the most, and don’t beat yourself up if you have a rough day. Every successful person has come face-to-face with a roadblock at some point. To get to where you want to be, you have to give yourself the grace to keep going despite it. 

You don’t have to “do it all” all of the time

As an entrepreneur, you will experience pressure that makes you feel as though you need to “do it all” all of the time. Whether you have ADHD or not, this can be incredibly stressful, and it’s essential to prioritize your mental health as an entrepreneur so that you can be successful in your mission and get things done while maintaining a good mindset. If you find yourself struggling, it’s essential to seek the help of a mental health professional. You can find someone in your local area or work with an online counselor or therapist using counseling sites like BetterHelp. Seeing a therapist is a wonderful way to keep grounded, and entrepreneurs need a space to talk about their feelings. Don’t be afraid to reach out and get the support of a trained mental health professional if you need it.

About the Author:

Marie Miguel has been a writing and research expert for nearly a decade, covering a variety of health-related topics. Currently, she is contributing to the expansion and growth of a free online mental health resource with BetterHelp.com. With an interest and dedication to addressing stigmas associated with mental health, she continues to specifically target subjects related to anxiety and depression.

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Top Tips Entrepreneurs Use to Stay Positive

Running a business and staying at the top of your game is a tough gig. And, feeling stressed and burnt out often comes with the territory. Even the most ultra-successful and wealthy business people feel like this sometimes. 

It’s how they deal with it — and the methods they use to help them not give up and continue to succeed — that matters most. Here are a few of the things that really successful business people do to keep themselves positive and always on their toes! 

1. They Have an Abundance Mentality

There’s opportunity in everything, according to the great and the good. When people are happy at the success other people have achieved, it creates an overwhelming feeling of positivity that drives everyone on. 

Conversely, a scarcity mindset (the belief that the glass is always half empty) is something most entrepreneurs advise against and they try not to let it enter their thoughts. That’s why they succeed and continue to do well. 

2. They Realize Downtime and Fun is Essential

All entrepreneurs have got to where they are because of hard work, dedication and putting the hours in. 

However, they also realize that this isn’t sustainable 24/7 and that everyone needs downtime to do other things that make them happy. Taking ‘me time’ every single day — even if it’s only fifteen minutes or half an hour — to do something positive, relaxing and rewarding is essential. 

3. They Never Try to ‘Do it All’

Sometimes a company or business can struggle because one person is trying to do everything. And, inevitably, they end up achieving nothing. 

Successful entrepreneurs delegate out tasks to those who are experts in their field, so that each area of a business is looked after by those who know what they’re doing. 

For instance, a healthcare manager wouldn’t negotiate budgets for medicines, then go out there and diagnose and treat the patient themselves. They’d manage the budget and order the medicine and then make sure there is a team of hospital staff on the ground who can engage in professional patient care. Look at this site for more information and inspiration on hiring professional healthcare staff with a positive attitude. 

4. They Have No Room for Negative People in Their Lives

Positivity is contagious. Unfortunately, so is negativity. Positive entrepreneurs surround themselves with the same kinds of people and that happiness becomes infectious. They often look to someone’s attitude at an interview before they look at their skillset and qualifications. A good attitude is often a powerful signifier as to whether or not someone will fit in with an entrepreneur’s vision and teamwork. 

5. They Know You Can’t Please Everyone All the Time

Entrepreneurs who worry too much about pleasing everyone find that their brand quickly becomes watered down or that it has nothing new to offer the marketplace. 

It’s impossible to please everyone all the time and entrepreneurs never set out to make everyone happy with their business. They know they’ll be able to market to a certain demographic and they stick with it.  

These are just a few of the ways that entrepreneurs keep a positive outlook on their business life. 

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How to Build a Scalable IT Department

Most of today’s startups are somehow related to the tech industry. Even the real estate business is evolving with the help of modern technologies (smart houses, etc.). It takes a few IT specialists or even a whole department to be able to integrate something like that. The problem is, building a team of talented IT specialists takes a lot of time and resources. Also, you can’t always be 100% sure you won’t be needing other kinds of IT specialists or just more of them. In other words, it can be crucial that you have an easily scalable team.

Ongoing Recruitment

If a remote workforce for some reason is not an option for you, there’s another way to have a scalable team – ongoing recruitment. This solution is harder to implement and it requires sufficient resources as well. So, you start by building a solid team of professional recruiters and set up multiple channels to promote your job openings. This way, you would be able to constantly do the screening and interviewing process. Unfortunately, it does not guarantee that you would be able to extend your team and hire someone missing in no time. All you get is a list of possible candidates to choose from.

Outstaffing or Distributed Teams

Everybody knows about freelance platforms and how easy it is to hire someone there. Unfortunately, this option is not safe enough and it’s not a good solution for a complicated or comprehensive project. That’s why let’s skip it and move on to something more fitting. One of the most promising and efficient ways to work with remote IT specialists is building distributed teams with the help of a subcontractor. First of all, you have a contract-based agreement so you don’t have to worry about things like work results ownership or not meeting deadlines. But that’s not even the main benefit. We need to have a scalable IT department and here’s what you get with a distributed team:

Your subcontractor provides you with candidates so you don’t have to do the recruitment part;Your subcontractor is the one who does the hiring so it’s less paperwork and operational costs;You don’t need additional office space or hardware and software;You can always request a new specialist and get rid of those who you don’t need anymore.

This model has already proven itself. Even such a comprehensive project like IIOT(Industrial Internet of Things) can be handled by such a team. Aside from the fact that you have an easily scalable team, you also get access to global tech talent. Often, outstaffing companies already have a huge list of IT specialists ready to work on your project. The salary rates are also very appealing because your future team members often come from countries like Ukraine, Belarus and so on (lots of tech talent and lower salary rates).

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How can you Identify good Investment Opportunities?

Any good entrepreneur is always on the look-out for new ways to build wealth and succeed. One of the best ways to go about this is investing capital into assets which generate handsome returns. This can naturally be something to consider as a way to generate more wealth personally. It can also be of great benefit if you run your own business. Investing some of your profits is a superb way to diversify your company’s income stream and achieve a better rate of return on profits, compared to parking them in a standard business savings account.

The great thing about investing is the range of assets and sectors you can get involved in. From crypto trading to investing in stocks or forex, there is a lot of choice. Whatever market you move into though, being able to identify good opportunities to take is key. This will help you to make money and to avoid losing it on bad investments.

But what are the best ways to find decent investment opportunities?

Consider emerging or alternative markets

A good tip to begin with is to simply expand your investment horizons a little. It is very tempting to follow the crowd and stick to well-known routes such as investing on the US stock exchange or getting into US bonds. While there is nothing wrong with this per se, it can limit the opportunities on offer as this is where everyone else is looking. 

To help find new, more interesting opportunities, which could actually bring better returns, it can pay to look further afield. Investing in top Chinese CRO companies is one option to consider. Chinese companies in this sector are now keen to partner with pharmaceutical companies in the West to run clinical trials on their behalf. This has allowed the sector to really take off in recent times and is a great example of how expanding your investment horizons can allow more opportunities to appear.

Get your chart analysis down 

Whether you trade stocks or currency or anything else in-between, being able to analyze chart data is key. Pretty much all sectors will show the price movements of investable assets in chart format as this makes it easier to read and track over time. Spotting good investment opportunities is often about having the skills to look at price movement charts, analyze them properly and then use this analysis to find decent opportunities to take. Of course, being able to read charts properly will also allow you to see which investments to skip! Many investors will use various indicators like average price movement on-screen to help, but you still need to know what the chart is telling you and what you are looking for.

Get advice from more experienced investors

Sometimes it can be hard to know where to start when looking for investments worth taking on. Most busy entrepreneurs do not have a lot of free time to investigate every market or asset which is where finding a more experienced investor for advice may help. The key thing is to only take advice from someone who you trust and has a record of investing well. Do not just rely on internet gossip or advice from strangers on forums! If you do know someone well enough online or in real-life though, it makes sense to find out how they spot investment opportunities and follow suit. You may also simply find out what they think is a good investment and use this as a shortcut to making your own investment decisions.

Keep an eye on the news

One of the best investment tips is simply keeping an eye on the global financial news each day. Even if you only check this out first thing in the morning, it will help a lot. While you do not want to be blindly jumping on every reported trend or overreacting to breaking stories, this will help you get a feel for opportunities which are worth investigating further. Often, these will be investments in markets you would not normally look at or would not have come across otherwise. This is easier than ever in the modern world with online news sites, 24-hour TV news and social media.

Finding the right opportunities is key 

It goes without saying that finding the right investments is vital to your success. Doing so will not only avoid you losing money but also help you to make more. For many investors though, it is this process of finding investments worth making that can prove tricky. If this is the case, hopefully the above has helped somewhat – just remember to always do your own due diligence on any opportunity you find before risking money on it.

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The SMBs Guide to get into Cryptocurrency

For most developing economies, Small and Medium Businesses play a crucial role in all-round economic growth and development. An SMB generates large scale employment due to its labour-intensive nature, boosts exports and enlists creative work. Many villages see a huge improvement in infrastructure and standards of living because of SMBs.

However, with time, the major challenge for SMBs is to manage the changing outside world, especially because of global factors that are beyond their control. One such recent development has been the rise in the use of cryptocurrency in the financial world for investments, transactions, and trade. Even though many SMBs debate their involvement with cryptocurrency due to its volatility and high risk, it is beneficial for them to tap into this resource for long term growth.

Moreover, SMB’s are always encouraged by the government and local bodies to delve into modern-day solutions, innovate and generate results. So why let go of an opportunity that is knocking right on the doors?

Wondering how to tap into this vast potential that stands in front of you?

Keep a daily count on it

Many SMBs usually transact in either bulk amounts or have many small daily transactions that take place. Having an electronic methodology where you can use cryptocurrency to receive payments would not only streamline the entire process but also save time.

Moreover, if you want to avoid the uncertainty and risk involved, use third party organizations to conduct the transaction, where they will accept payments in cryptocurrency but transfer the money to the respected business as traditional currency. This registers a win-win for everyone and also helps you grab a quick promotional stint.

Merge through the options

As an SMB, enlisting the right technology and then adapting to it can be really difficult. Not just funding, but also educating employees and changing operations is a problem. Hence, why not use cryptocurrency and merge with a blockchain startup which is already working in this field?

The startup gets to expand operations and implement its technology and your business derives long-term benefits without any short-term inconvenience. So recheck all the terms and conditions and ensure an understanding of both the parties, and then proceed with the merger.

Create something new

As an SMB, if you can allocate some funding towards making a new investment in creating an innovative cryptocurrency model, it can give tough competition to many big brands in the industry.

A specialization course, a payment application or merchandise can generate additional revenue along with raising awareness about this innovative technology, especially among the youth. Depending upon the needs, a product or a service can be launched with the desirable investment but priority must always be given to building relationships and generating revenue.

Develop a customer loyalty program

As an SMB, one usually only dreams about loyalty programs, either due to low funding or lack of options. However, cryptocurrency loyalty programs can be easily launched without any hassle. This currency can be distributed as loyalty tokens that can later be traded for real money as per consumer needs.

Since it is an option that promotes saving among the customers, the count is sure to increase which in turn will help in developing a cryptocurrency base for your SMB. A budding company, each SMB targets customers who can rely on them and be a part of their organization for many more years to come. A cryptocurrency loyalty program will fit right into the modern trend and generate a better market reputation.

Don’t hesitate to ask for help

There is a high possibility that your business needs crypto technology or can do better sales with blockchain technology, however, you have monetary constraints stopping you. Infact, it is also possible that you don’t know where to start first.

Hence, don’t shy away from joining various consortiums that are specifically built by various banks and financial institutions for this exact purpose. It will integrate your business with those who have the right knowledge and give you a better direction. Moreover, these consortiums keep a track of all members, giving you some sneak-peeks about your competitors as well. 

Do your research

With the trend of blockchain technology, the trend of ICO’s (Initial Coin offerings) also worked out for many companies. ICOs are nothing but crowdfunding activities via which you derive funds in return for digital currencies. These digital currencies can be later used for product purchases.

Similar to loyalty programs, this would be a token system that can generate funding for your firm as well, which can be invested as per your needs. ICO’s are easy, systematic and already a trend, a potential option that should be considered for your SMB. In the end, it matters who calls the shots and as an SMB owner, crypto will make your life easier.

Integrate it directly

If you want to start utilizing cryptocurrency in a simple yet effective way, why not start using it internally first? Yes, you can launch a program to pay employee salaries via cryptocurrencies like bitcoin.

Earlier this was risky due to the instability of multiple crypto coins but now with more stability and liquidity options, employees can easily become users and encourage the trend of cryptocurrency use. When employees would stand in support, nothing would stop you from further expanding the use of digital currencies like crypto as a part of other avenues.  However, before coming to a direct conclusion, keep yourself updated with the latest updates of this giant crypto market. Browse here www.Top10BitcoinRobots.com for the latest. 

Solve your problems

Many new coins come out of new projects developed by various organizations. Each company usually works to solve their own problems and develops a cryptocurrency as a solution, customized for their company. Some become highly available and useful to the entire world as well.

As an SMB, you can also launch a similar project for any industry or tie-up with any other organization. This is your decision and your problem, leaving you with a lot of independence to decide. Why miss out on golden opportunities?

Wrapping up.

Why wait around when you have so many available choices, many of which can itself be further expanded. As an SMB, decisions must always be in favour of the employees, customers, and the owner.

The integration of cryptocurrency and its long-term provision will change the way SMBs work. Protection against online frauds, real-time trades, and global operation, all of these are possible via blockchain technology. So, strategize, implement, and analyze: the best mantra ever.

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What Is Chartered Accountancy And How Does It Benefit Your Business?

A chartered accountancy firm holds membership to either an institute or association of chartered accountants. To obtain membership to these organisations, a series of examinations must be passed. Although there are good practising accountants who do not belong to these establishments, it is worth hiring a chartered accountant for your business for the following reasons. 

They have the experience 

While it’s not necessarily the case that other accountants will lack experience, some operate without any professional or educational qualifications. In passing the examinations that chartered accountants have, this has enabled them to further develop their knowledge and skillset. When you are placing your business finances into an accountant’s hands, you want to feel confident that the money will be safe and managed in the best possible way. Choosing a chartered accountancy firm means you can be certain they will provide top quality service. 

Chartered accountancy helps with your development 

Accountants can help you develop your business by advising you on how to invest your money and create a bigger profit. Topics covered in the chartered accountancy exams include business strategy, and this knowledge puts them in a better position to advise you on your next move. Seeking the help of a chartered accountancy firm, such as Howlader & Co who offer a range of services, could be particularly useful for those who have just started on their business venture and who may not have much experience in this area.

Brings security 

When it comes to your finances, security is the biggest issue that individuals and business owners alike will face. No one wants to feel uneasy about who they place their trust in when it comes to their money, so choosing a chartered accountant can help to put your mind at ease. This is because they are regulated by professional bodies and will be bound by rules of compliance. They are also obliged to have professional indemnity insurance cover, which means that, in the event anything does go wrong, you will be kept safe. This isn’t to say that other accountancy firms will not be trustworthy; it simply means that it will be guaranteed with a firm that operates under this title. 

Reassurance 

Due to the regulations that are imposed on chartered accountants, this means that you can relax in the knowledge that they practice with integrity, will always be accountable and will put the client’s needs first. A code of ethics regulates their practices; therefore, you can trust them to be discreet with your financial information and be open and honest with you about how they manage your money. 

Level of professionalism 

Due to all of the above, the standard of professionalism maintained by chartered accountancy firms is incredibly high. This is a desirable quality that everyone seeks in an accountant. It is because of their training, expertise and the regulations in place to keep clients safe that you can trust these professionals to take care of your money. 

There are many things to consider when choosing an accountant for your business; however, a chartered accountancy firm guarantees you the finest quality of service in the industry. 

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