Mohit Tater's Blog, page 581

How Effective Female Leadership Can Transform an Economy

Despite grassroots initiatives to foster gender equality, a male-dominated business culture remains firmly in place. According to the Women’s Workplace Equality Index, the top 10 countries fostering legal frameworks for workforce equality include the following:

AustraliaCanadaNew ZealandSpain MexicoBosnia and HerzegovinaUnited KingdomLithuaniaIcelandLatvia

Notable absences in the top 10 include the
United States. Of the 189 countries evaluated, the bottom 10 (those which do
not espouse gender equality in the workplace) include the following:

180. Oman

181. Bahrain

182. Kuwait

183. Iraq

184. Mauritania

185. Iran

186. Sudan

187. Qatar

188. Syria

189. Yemen

The concentration of countries where gender
equality is absent in the workforce and in society is most evident in Africa
and the Middle East. It is worth pointing out that the report found that
countries which provide maximum protections for women vis-a-vis protecting women
from violence include many Latin American and Asian countries such as Costa
Rica, Ecuador, Iceland, Panama, Philippines, South Korea, Croatia, and the
Dominican Republic.

Once again, the countries which have little
protections for women from violence are the African countries and Middle
Eastern countries such as Mali, Yemen, United Arab Emirates, Syria, Sudan, and
Qatar.

There are correlations between gender
equality and a country’s overall success, and this manifests in a more
prosperous society. Countries which put the necessary legal frameworks in place
to empower women in the workforce, to encourage gender equality across the
board, and to respect the rights of all people in general are leading the way
in economic development, innovation, and prosperity.

Getting there is no mean feat however. It takes courage and determination to change entrenched systems and thought processes. These social and cultural changes invariably lead to economic changes which bring more people into the workforce, grow the economy, lift the burden on the individual head of a household, and expand economic opportunities to all citizens of a country.

How Can the Empowerment of Women Lead to
Better Outcomes?

The absurdity of the question is best
answered with another question: How can the empowerment of men lead to better
outcomes? In other words, a society can only prosper when each citizen,
permanent resident, or alien is given opportunities and allowed to prosper. The
intentional subjugation of one gender, has no positive externalities and no
future growth potential. Patriarchal societies tend to suppress creativity and
are driven by a culture of fear.

Male-dominated cultures are sorely lacking
in terms of market reach, innovation, enterprise, and inclusivity. By allowing
women to reach their full educational potential, business potential, and career
aspirations, repressive countries will soon find themselves invited to join the
ranks of the world’s major economies where people are encouraged to speak their
minds, share their vision, and embrace diversity.

Who Are These Female Game Changes and What Do
They Hope to Achieve?

The world’s leaders are a mix of
visionaries – men and women – who seek to advance progressive ideas, future
tech, innovation and opportunity. The most visionary female leaders of our time
include the likes of Nina Vaca, Suzy Batiz, Ali Brown, Stephanie Bagley, Amy
Cosper, and the focal point of our expose, Isabel dos Santos. Each of these
women has contributed immensely to society in some way or another. They have
broken with tradition; they are strong, driven, and capable of effecting change
in the world. By stepping forward and leading from the front, they are now the
icons of female leadership and people are taking notice.

Isabel dos Santos presents as one of the
most important examples of hope and change. Born in Azerbaijan, she is the
daughter of longtime former Angolan president, José Eduardo dos Santos. The
president appointed her to lead the Angolan state oil firm, Sonangol and she
used her extensive contacts in Angola and abroad to build a veritable empire.
Forbes estimates her 2019 net worth at $2.3 billion, and she ranks as #1008 on
the billionaires list for 2019.

Isabel Dos Santos: How Her Leadership
Inspires So Many People

Dos Santos grew up in a patriarchal era
where men made the decisions. Her father was not one of them. He actively
encouraged his daughter to be the best that she could be. She attended
prestigious schools in England, notably Cobham Hall and later King’s College in
London.

An elite education was the first step in the process towards empowering herself and later her fellow countrymen towards success. She went on to graduate with an electrical engineering degree which she used to great effect throughout her career. Dos Santos understands how important education is in the advancement of opportunity for women, particularly in Africa.

As head of many corporations spanning
telecommunications, mining, construction, finance and beyond, she has enjoyed
first-hand encounters with all aspects of the macroeconomic business arena. She
has been directly involved in negotiating multi-billion-dollar deals in an
environment which typically frowns upon women in leadership positions. Her
tenacity, vision, and determination have fueled her success over the years,
catapulting her into the elite status as one of Africa’s wealthiest women.

Isabel dos Santos does not let her wealth and success get to her head however, she uses her tremendous influence to further CSR (corporate social responsibility) initiatives. She routinely creates scholarship opportunities, leadership development drives, investments in community-driven initiatives and various philanthropic objectives. Isabel Dos Santos’ website spells out in detail how she works to empower the next generation of African champions, and how successful women benefit everyone.

As a case in point, Isabel dos Santos has
taken a particular liking to setting up strawberry fields in Huila province in
Angola. This grassroots initiative was designed to develop the local economy by
creating a commercial infrastructure for the inhabitants. Women in the area now
have a personal project which they can be invested in. Dos Santos believes in
prioritizing the development of Africa, particularly Angola which is near and
dear to her heart.

This provides work and earning potential,
growth and development options for the farmers. The added economic stimulus
derived through these types of initiatives have knock-on effects throughout
society. As soon as one individual makes a change, other individuals are
encouraged to follow suit. This is the crux of her philosophy – effecting
change one individual at a time.

The post How Effective Female Leadership Can Transform an Economy appeared first on Entrepreneurship Life.

6 Essential Tips to Financing Your New Home

Having moved into your new home, you
sure will not be okay with that. There are several things needed in your home for
it to fit the stress and amount you spent on it. Sad to say, the money you
spend on securing the house might leave you with little or no cash to put
things in shape.

You need furniture, electronics
appliances, and you need to pay bills for electricity, water, waste and many
more. In this article, we will be discussing how you can finance all these easily
and give your house that unique taste you crave for.

Tips
for Financing Your Home



Explore
your savings

You probably may have savings that have
been kept for raining days. If you don’t want to get into debt, the first
option you have is dipping hands into your savings. With this, you will have
your new home furnished and put in the right taste.

Get
probate Funding

Don’t be disappointed about funding your new home just yet. One of the options you have is probate funding. This has been the solution for many, and this can be your story too. If you are eligible to a friend’s, family or neighbor’sproperty after their death, you can borrow out of the property and repay later. With ease, you can get either cash or properties to help fund your new home.

Residential
bridge loans

If you are in a tensed situation, and you need financial bailing out for your financing your home, one of the best options you have is residential bridge loans. Residential bridge loans are given on a short-term basis, and they are dependent on the value of property needed and the exit strategy available. There are no hidden fees added on the loan received from residential bridge loans making it the best option for you in all your financial challenges.

Explore
local and state assistance program

In every state and locality, several assistance
programs are offered for all in need of financial assistance. They are there to
provide several assistances like the tax credit, closing costs, down payment
assistance, discounted interest rate, and many more.

Seek
help from family

Often considered as the last alternative for many, it’s has proved helpful for a whole lot of people. One of the most secure ways of getting financial help for funding your home is seeking financial assistance from family members. One of the benefits of seeking help from family members is that it comes with little or no interest at all.

Go
for second-hand products

This is often referred to as the hard
truth. One of the best tips you’ll see is getting second-hand products which
are in good condition. Apart from the fact that you will be saving much on
financing your home, you have the chance of getting the best product.
Second-hand products have been tested and seen to be of high quality, so you
can confidently buy one from a trusted
source.

Conclusion

There are several options to explore
and pick from, all these assures you of getting the best help in funding your
home. You should be cautious though that you need not to get out of your means
to finance your new home. Contentment is a virtue you should have, not all
expensive things are good. And not all cheap things have low quality.

The post 6 Essential Tips to Financing Your New Home appeared first on Entrepreneurship Life.

5 Reasons To Hire An Attorney Before Starting A Business

Entrepreneurs who fail to hire attorneys
before starting their businesses struggle to achieve their entrepreneurial
goals. As an entrepreneur, intimidation factors rise as you move
further along in your startup process. Various business documents with
never-before-seen terms appear are presented to you. It can be difficult to
understand all the terms and conditions required to run a business. With an
attorney on your side, you do not have to spend hours learning government or
regulatory lingo. Instead, your attorney can explain them to you and move your
process along. In this post, you will learn the top reasons to hire an attorney
before starting a business.

Choosing
A Business Structure

Firstly, attorneys assist entrepreneurs in choosing the right business structure for their company. You may be familiar with options such as LLC, corporation, and partnership. However, you may not be aware of the factors that should go into making your decision. If you hire an attorney, they will go over the liability, tax, and ownership specifics for each option. Many entrepreneurs discover new information and change their minds on which business structure they prefer. Then, they launch businesses successfully and start profiting quickly.

Bylaws
And Operating Agreement Necessities

You should also hire an attorney before starting a business because they can help you determine your bylaws and operating agreement necessities. These documents explain crucial information and processes for a company. You need to include components regarding shareholder meetings, decision-making processes, and the proper way to issue shares of stock. If your state demands LLC operating agreements and you choose to form an LLC, you need to include information on how you will handle ownership changes as well. According to A.E.I. Law, “an attorney can determine what type of fictitious entity is necessary, if any, as well as what licenses and permits you need and what laws and regulations you must comply with on a local, state, and federal level.” Your attorney can ensure that you fill out these documents appropriately.

Contract
Negotiations

Your attorney will provide advice on
negotiating contracts as well. At the beginning of your startup process,
recognize who you will be targeting with your products and/or services. If you
plan to sell products to consumers, you will need to find a supplier. If you
are going to provide consumers with services, you may need to purchase
equipment. In both circumstances, you will need to draft and eventually sign
contracts. Since you will be tied to these contracts during your startup, they
directly impact your success. To ensure that you do not sign an unfair
contract, you need a lawyer to go over it with you. They can teach you how to
negotiate terms, which will leave you with reasonable contracts for your
startup.

Expedite
Patent Filing

Moreover, you can hire an attorney to
expedite a patent filing. Entrepreneurs usually file for patents to protect
their intellectual property during their startup process. If you choose not to
get a patent, you put your unique business idea at risk and could lead your
startup towards steep competition. Risks also increase if the patent process
takes too long to complete. Fortunately, lawyers have the power to speed up applying
for a patent. If you hire a patent attorney, they will go through
the process with you, explaining any unknown terms along the way. If your patent
is associated with a patent attorney, it will be approved faster as well. Hire
an attorney to guarantee intellectual property protection for your startup.

Lawsuit
Prevention Advice

Finally, hire an attorney before starting a business to gain lawsuit prevention advice. When entrepreneurs startup businesses without obtaining such advice, they put themselves at risk of being sued. An attorney can show you the best ways to handle sensitive situations. If you go about hiring your first employees the wrong way, you could break the law and end up with fees. Those fees could impede your startup process because they would interfere with your budget. Hire a lawyer to teach you how to prevent legal issues from arising as you startup your company.

Successful entrepreneurs hired attorneys
before starting their businesses. After all, attorneys provide significant
advice on choosing a business structure. An attorney can also help you
understand and complete required documents like bylaws and operating
agreements. They also teach contract negotiation tactics. At the same time,
they can expedite the patent filing process so you can kickstart your startup
process faster. In addition, lawyers are the ultimate go-to professionals for
prevention advice that is necessary during a startup. These are the top reasons
to hire an attorney before starting a business.

The post 5 Reasons To Hire An Attorney Before Starting A Business appeared first on Entrepreneurship Life.

Winnipeg Entrepreneur Kris Thorkelson Lends His Guidance to Aspiring Entrepreneurs

For the better part of two decades, Kris Thorkelson has been
paving his way as an entrepreneur in Winnipeg. 
He’s the owner of The Prescription Shop, which has a number of retail
outlets in Winnipeg; he also owns two medical clinics that are attached to his
pharmacies.

Today, Thorkelson is expanding
his focus to Winnipeg’s growing real estate sector as the owner of My Place
Realty, a property management company that provides quality multi-family homes
that people are proud to call home.

As someone who has overcome the challenges it
takes to build a successful business, we asked Kris to share his advice for
young and aspiring entrepreneurs. 

First,
what’s the biggest misconception entrepreneurs have about starting their own
business?

Kris
Thorkelson: Owning your own business is not an easy
alternative to a 9-5 job.  The hours can
be extremely long and it takes a significant amount of determination and
sacrifice in order to thrive.  With that
said, successful entrepreneurs know what it takes to overcome those challenges
against the odds.

What
advice would you give someone going into a leadership position for the first
time?

Kris
Thorkelson: Being an effective leader is a very
important skill to have as an entrepreneur. You’ll be working with people on a
daily basis, and they’ll be looking to you for guidance.  The values you demonstrate, the way you
handle adversity and how you persevere through the biggest challenges will be
the guiding factors for how others will behave. 

In your
opinion, what is one thing a new business can do that will improve its chances
of success?

Kris
Thorkelson: Seek the opinions of your customers.  Listen closely to what they think about your
product and how it can be improved. Your existing customers are your best advocate
and if you go above and beyond to keep them happy, then you won’t need much
marketing because they’ll do it for you!

When
employing a staff, what traits do you look for in a potential candidate?

Kris
Thorkelson:  I
look for a person who is going to exemplify excellent customer service
skills.  First and foremost, they need to
be courteous and friendly, and they need to maintain a high level of
professionalism. 

Over the
years, what has been the most rewarding part of starting your own companies?  

Kris
Thorkelson: 
Personally, I’ve been rewarded by getting to help people access the
goods and services that they need.  I
truly enjoy the feeling of making a positive difference. When an individual
tells me how they have been helped by my business it makes me feel truly great.
Making a profit is crucial for any business however making a difference is just
as important.

If you
could give one piece of advice to someone just starting to branch out on their
own, what would it be?

Kris
Thorkelson:  
Treat your businesses as if they were your children. There are points in
their development, especially early on, when they demand all of your energy.
It’s exhausting and exhilarating at the same time. But as they continue to
grow, they will eventually gain some independence and you can start to relax a
little.

Finally,
what’s the best piece of advice someone gave you when you were starting out?

Kris
Thorkelson: To never forget the importance of
delegating responsibilities to others. 
Many young entrepreneurs want to take the world by their shoulders.  It is vital to the success of a business, no
matter how skilled or accomplished you are, to realize that you can’t do
everything by yourself. 

The post Winnipeg Entrepreneur Kris Thorkelson Lends His Guidance to Aspiring Entrepreneurs appeared first on Entrepreneurship Life.

Top 6 Tips for Superior Product Presentation

Superior product presentation can give any product an edge over its competitors. In fact, many consumers lend more weight to the appearance and presentation of a product than to other aspects such as quality and size. Superior product presentation is particularly important for boutique manufacturers who have to put their products up against brands that are more established and have unlimited marketing resources. Superior product presentation should help attract consumers and hook them to the brand. Here are 6 tips for superior product presentation.

Think about
its end use

You need to picture the circumstances under which the
product will be used before you settle on the design and packaging. The
presentation elements of the product (e.g. the label) should be able to survive
under the conditions in the place where the product will be used. For example,
if you are packing a product that will be used in the bathroom, you may want to
waterproof your packaging to ensure it doesn’t get destroyed by moisture. Depending
on the type of product, there could be a lot of special demands that you need
to meet. Make sure that you don’t overlook any such special considerations.

Design

To come up with a superior design for a product
package, you have to ask yourself “who is my customer?” The design of the
package should appeal to the target consumer. For example, a product meant for
younger consumers should be presented in a vibrant and colourful design. Make
sure that the brand logo and other product information are prominently
displayed on the package. You want a unique design that stands out, but it
shouldn’t be too unusual either. Some stores tend to shy away from picking up
product with overly-complicated package designs.

Packaging

The type of packaging material you use will be
determined by the kind of product you have, the cost of the packaging material,
and the expectations of the consumer. For instance, if you want to decide
whether to package your product in a  or
a box, you have to weigh the cost difference between the two, but you also have
to see what other companies with products like yours are doing.  You also need uniformity across your entire
product line to make your brand more recognizable.

Label quality

It should go without saying that your labels should be
of a high quality. The quality of your labels will be affected by how much
design work goes into making them, the type of paper you print them on, the
quality of the printer that you use, and how you apply them. Good quality
labels should be printed with vivid colours, preferably with a glossy finish.
To preserve the appearance of your labels, you can even opt to laminate them.

Bringing it
all together

After you have settled on the design, quality of label, and style of packaging, it’s time to bring it all together. To achieve a superior product presentation, you need to use labelling equipment that helps you present your product professionally. For example, when labelling your product, use a labeling machine that’s reliable and can consistently produce good looking labels. If you try to apply your labels with a cheap labeler, you will end up with crooked or blistered labels, which are unsightly and unprofessional.

Packing it
for delivery

Product packages experience a lot of disturbance in
transit, and they could easily get destroyed before they even get to the
stores. Your packaging should keep the product in good condition. If you are
packing a brittle product, make sure that your packaging provides enough
cushioning to prevent it from breaking. If you use light boxes instead of
carton boxes for products that have to be transported over long distances in
the back of a lorry, your packaging may be dented, and this may ruin the
presentation.  

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Why Tech-Investments Are Important For Small Businesses

Small business
owners have a lot of figure out, with not a lot of guidance. If you are lucky,
you get a mentor who guides you throughout, rest rely on the internet and the
trial and errors of their own decisions. Making big purchases often overwhelms
small businesses, it makes sense. The dread of what would happen if the plan
fails, what if something urgent crops up and we need the funds; the doubts of
whether they are big enough to start investing in professional tools, whether
it makes sense to spend more than to have a big safety net; plague the minds of
small business owners.

One of those
decisions is usually regarding tech purchases. Many shy away from it, it seems
more serious when you pay for tools to help you. It’s more psychological than
anything else. Many researches have shown that only a small percentage of small
businesses actually consider buying tech as an essential investment for their
success. Others go about things the conservative way, which more often than not
ends up costing more than the initial tech investment.

The companies
that have taken the leap and adopted the tech tend to grow faster. Nowadays,
digital marketing is the number one tool that can be used for a blossoming
business to quickly create a foothold in the market. The businesses that have
understood this get to see the results, they generate more revenue than the
ones that haven’t yet taken the plunge.

Using technology
smartly can help you run your operations more efficiently. You will get more
return from each employee as well. When something that takes hours manually
could be done in minutes by the purchase of one tool, the employees will have
more time to do the important work. More time would mean you are able to take
on more clients.

Like I said
before, small business owners instinctively want to cut costs. But with tech
investment, short-term savings can turn out to be more expensive in the long
run. Technology can help you understand and handle the details of your business
that you might have missed otherwise.

Suppose you run a
restaurant, you do everything yourself. You look after the staff, train them,
explain to them what to do. You take stock of the inventory, you make
purchases, you manage finances, you track down the profit areas and tackle the
loss areas. How long do you think you can go before you slip in one or the
other task. Is this really the most efficient way?

Say you invest in an inventory management system. It keeps track of all that you have, all the ingredients that are dwindling and you might need to buy soon, what ingredients are used faster than others, alternatives to things you get, the prices of things, etc. How much time do you think it will save you every time you have to make an order, take a decision, check the stock? A lot, right? That time can be saved in actually running the businesses, training the staff, working on feedback, and working on business expansion.

It might be
tempting to save costs now, but you always have to take into account the pros
and cons of every decision in regards to the long run. 

The post Why Tech-Investments Are Important For Small Businesses appeared first on Entrepreneurship Life.

Website Hosting: Do I Need a Dedicated Server?

Most businesses and bloggers start off with shared servers
as their go-to option when it comes to web hosting. Shared hosting is the
easiest and most affordable choice for first-time website builders. This type
of hosting plan allows you to share a server with many other websites and cut
monthly hosting costs. However, as your website grows and you start getting
more traffic, shared hosting might not work for you anymore.

When you share a server with other websites, the speed of
your site depends on the activity of other sites connected to that server. For
example, if one of the sites on your server suddenly gets a large amount of
traffic, your website will slow down significantly. Slow loading speed can negatively
impact your SEO rankings and even cause the bounce rate to increase. In other
words, your business will lose potential leads and customers because of your
site’s poor performance.

In this situation, many website owners start considering dedicated servers as a solution. Investing in a dedicated server will allow you to keep the entire server to yourself. Thus, your website will have far more storage space and its loading speed will improve significantly. Your site’s performance will no longer depend on the traffic of other websites. If you don’t have the capability to store and manage a server in your business, you can choose a managed dedicated server plan. In this case, the website hosting provider will take care of server maintenance for you.

Three
Signs That You Need a Dedicated Server

#1
Your Website Is Loading Too Slowly

The first and the most obvious sign that you need to change
your web hosting plan is your site’s speed. If you notice that your site is not
loading fast enough or if you get complaints from your customers, you might
want to switch to a dedicated server. Once a website grows to a significant
amount of traffic, there is no way a shared hosting or even VPS hosting plan
will suffice. Keep in mind that the slow loading speed will impact your
website’s SEO rankings and affect the overall user experience.

#2
You Are Running Out of Storage Space on Your Site

If your website only has a few pages, running out of storage space won’t be too big of a concern. However, if the site grows to over a hundred or even a thousand pages, you might face a storage issue. Dedicated servers provide a lot more storage space when compared to shared hosting. Lack of storage space might prevent your images from loading in high resolution, which will impact the overall quality of your website. Additionally, if you want to use advanced features, like a forum or blog on your site, a shared hosting plan definitely won’t be enough.

#3
Online Security Is Starting to Worry You

Even though most website hosting providers promise
top-notch security, a shared hosting plan will leave your site exposed to many
cybersecurity risks. Sharing a server comes with a risk that your own website’s
security might be compromised by a threat on another site. The easiest way to
avoid this and improve security is to switch to a dedicated server and
eliminate any potential risk.

Final
thought

If you’re wondering whether you need a dedicated server at the moment, check your site’s storage space and loading speeds. As your website grows, you will have to change hosting plans in accordance with the traffic level you’re receiving. If your site has reached the point where it needs more storage space and flexibility, consider switching to a faster and more scalable dedicated server solution. We recommend GreenGeeks Hosting as one of the most reliable hosting providers in the industry. GreenGeeks Hosting offers fast and secure hosting options at highly competitive prices.

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4 Ways to Streamline Your Retail Operations

In today’s global and fiercely intense market, competition is high especially in retail. Many are bemoaning the so-called “retail apocalypse” because of the rise of ecommerce giants like Amazon.

But retail is far from dead. Research shows the 90% of shopping still happens offline and consumers still crave human interactions. A study by PwC found that 75% of global shoppers want more human interaction and that customers would pay 16% more for better in-store experiences.

The claims around the death of physical retail are largely unfounded. That bieng said, the industry is becoming more competitive, and the players that are thriving are the ones that know how to tighten their store practices.

The good news is, there are some fantastic tools and tactics out there to help streamline retail operations and make them more competitive in the modern market.

1. Understand How to Make Retail More Competitive

Workers in the retail industry comprise 10% of the national workforce. Retail is still very much alive and represents the backbone of the economy. Business can always be improved, and improvements in streamlined operations are crucial to sustaining success in the industry.

These improvements are achievable through the effective use of tools that improve your point of sale, staff management, and stock control practices. These tools among other retail considerations and the importance of implementing them is outlined in the following sections.

Retail Must Embrace Change to Compete

Embracing change is the key to survival in today’s retail industry. Stable predictability using static operations is no longer viable or realistic. When you have Amazon to compete with, staying ahead can seem almost impossible, especially for small or local retail businesses.

Amazon has expanded its reach to Australia. This represents a major shift toward online sales. Online businesses like Amazon are of course one of the most threatening challengers to retail. Savvy retail stores like Macy’s and Wal-Mart have been allocating more resources to online sales promotions to counter events like Amazon Prime Day. These online promotions and competitive discounts help to offset losses in their brick and mortar outlets.

Consider implementing something similar initiatives if you’re looking to compete.

The Need for Strategic Retail Staff Managemet

Managing retail staff carries special challenges. Driving today’s workforce is different from the practices that have worked in years past. Meritocracy in stores, for instance, is becoming an expectation of retail environments today. Rewarding retail staff with personalized recognition is an important trend in modern motivational retail practices.

Empowering your retail staff with responsibility is another integral practice to cultivate a healthy and robust retail business. This goes hand in hand with recognition as effective execution of responsibilities are rewarded in a manner that will motivate the staff to perform admirably.

The Advantages of Inventory Management Solutions for Retail

Keeping track of inventory and managing it is a Herculean task. One of the best things you can do for your retail business is to procure reliable and affordable inventory management. Inventory management systems should be carefully evaluated. Their benefits can enhance operational efficiency for retail businesses.

2. Recognize the Importance of EPOS Systems in the Retail Business

The importance of point of sale systems, or EPOS systems in retails tores is becoming increasingly significant. Today’s EPOS systems can even be used accessed with tablets, allowing for more flexibility owners of small businesses.

Here are some factors to consider when choosing a EPOS system that will suit the needs of your retail business.

Avoid Contractor Leases – Retail outlets should steer clear of contractor and equipment leases.Connectivity – Ease of connectivity and integration are important considerations.Cloud Features – Connection to the cloud is a desirable feature in retail EPOS systems and have useful reporting tools.

Retailers should seek out EPOS systems that are based on monthly subscriptions. Monthly subscriptions are much more flexible than contractor leases and give businesses more freedom. Cybersecurity is an important factor to consider when implementing EPOS tools. They are targeted by hackers and cybercriminals, making EPOS systems with stronger security features more favorable to retail stores.

3. Concentrate Your Streamlining Efforts on Efficiency and Customer Experience

Streamlining is more than facilitating faster operations. Providing efficiency that is flexible and furnishing meaningful customer experiences are the most important facets of streamlining to concentrate on in retail.

One of the most advisable practices to adopt in order to increase efficiency is to learn from the analytics of sales. Sales analytics can tell you which items are selling better online and help make intelligent business decisions.

Providing superior customer experiences is another key to success in the retail business. Customer experiences will always be one of the most serious considerations in retail. Streamlining positive customer experiences is achieved in part by efficient use of EPOS systems.

4. Use the right tech

EPOS solutions, inventory management, and reporting tools are some of the finest and most effective weapons in a retail firm’s arsenal. These services are incredibly significant advantages that retail businesses should utilize to stay competitive.

The right EPOS system, for instance, can make or break a sale. A customer’s experience at the checkout counter will shape their interpretation and the general opinion of the store and their purchase.

Meanwhile having the right stock control solution enables you to carry the right products at the right time, so you can delight your customers with fresh merchandise.

Reporting is another important consideration. Be sure to arm your retail biz with a robust analytics platform, so you always have a handle on essential retail metrics. Having the right data at your fingertips will help you make better decisions in your business. This, in turn, will enable you to grow and succeed.

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5 Things to Know About Getting the Best Sweep Results

A vast majority of the Singaporean population are 4D, Toto, and Sweep enthusiasts. The lottery games can be thrilling. Winning something at the end can provide more satisfaction, and one way to increase the chances of such a win is by visiting trusted platforms like 4dinsingapore.com for accurate 4D predictions. Here are the top five tips for getting the best sweep results:

1) Using a Prediction Site Gives You the Upper Hand

If you want to do it like a pro, you need to
consult the experts. Betting gives fun. Playing for fun while winning something
at the end can be appealing. However, betting on your own reduces your chances
of striking a direct number. There is a good chance that you have tried this on
multiple occasions to no avail. Thus, the need to seek the services of a
professional is irreplaceable.

With an accurate 4D prediction, you have the
perfect opportunity to make a fortune and, ultimately, clear your loans or go
on that dream vacation you have been craving for. The best thing about dealing
with a predictions master is that they have been in the business for quite a
while. They know all the minor details about striking a direct number. Some of
the participants have won as much as $2000 from a $10 stake. This should give
you all the confidence to give it a shot.

2) Check Out the Singapore Prize Checker

The Singapore sweep prize remains a highly covetable asset for many sweep geeks. Taking your time to learn the mechanics as an expert is the first huge step towards turning your dreams into reality. Testing the waters may be all you need before embarking on this venture. With tickets available from as low as SG$3 each, starting on the right foot couldn’t be easier. The Singapore pools sell as many as 3.5 million tickets daily, and this is enough evidence that if you play your cards right, you could surely become the next success story.

3) Forming a Pool

It is a common scene with many lottery games
for friends and family members to form a pool for improved chances of winning.
However much of a wise decision this may be, it is paramount to partner with
honest individuals. Partnering with negative individuals may limit your chances
of winning the lottery. You will constantly experience reduced enthusiasm. With
everything set, it is time to cash in on your good vibes in addition to your
knowledge of tips and forecasts to improve your chances of winning.

4) Singapore Sweep Calculator

The best thing about the Singapore sweep games
is that you can always check the prize calculator using a mobile app. This is
arguably one of the most basic yet comprehensive methods of substantiating the
sweep results. Additionally, you can also opt for various methods such as
pointers from sweep experts, and other analysis from blogs, online articles,
and eBooks in a bid to improve your winning stake.

5) Buy Tickets from Legitimate Retailers

Ticket buying is a vital step of your sweep
experience that cannot be taken lightly. It is advisable to make your ticket
purchases only from reliable retailers and outlets across the country. The
Scratch-Areas are the hallmark of these tickets.

The post 5 Things to Know About Getting the Best Sweep Results appeared first on Entrepreneurship Life.

How to Escape the Business Owner Trap

When you look at most business owners, on the
surface they seem to have it all together, but looks can be very deceiving. A
lot of them are actually trapped by their jobs and are miserable. They spend so
much time on their businesses, their personal lives suffer, they have to
constantly work in order to bring in the money. It creates a dynamic where they
actually end up resenting the very thing they dedicated their lives to.

This is especially true for solopreneurs or
people who run very lean startups. A lot of these people create businesses
based on their own personalities, their own unique skills and abilities. While
this brings in a lot of business for them, and works well for them in the
beginning, as the business grows, it starts to eat into their quality of life.

How to
Know You’re Trapped By Your Business



If you’re not doing work, you
don’t make any money. You have no work-life balance, the
job rules your whole life and is destroying your relationships. You have no help in your business,
and you’re everything in your business from CEO to admin.You’re exhausted but you have to
keep going to sustain your business. 

So if you feel like you’re chained to your
business and there’s no way out, here are some steps you can take to make your
life easier.

Focus
on High Value Tasks 

Many people who run businesses don’t actually
have any help. They have no virtual assistant, no part-time assistant, no one
who lightens the load. As a result, they end up spending a lot of time on $10
an hour work, when they could be doing $1000 an hour work. This means you end
up entangled in work that isn’t really growing your business. If you want to
solve this, make a list of all the tasks you do. Mark the tasks that are the
most valuable use of your time and for everything else, hire a virtual
assistant, even a part-time one. You can find a reliable one on Upwork or
Fiverr without much cost to you.

Invest
in Systems

The reason most business owners fail to find any freedom in their business is that they lack systems. Everything they do isn’t predictable and repeatable, so any time they start working with someone new, it’s like starting from scratch. This will completely deplete your creative energy and make it hard for you to produce a consistent work product. To solve this, you have to start building systems. Start documenting the steps of everything you do from start to finish and refine it. Use that system over and over again until it’s your patented way of running the business. Systems allow you to scale yourself out of the work, hire a staff and keep your service consistent. Investing in such tools allows you to multiply your impact and effectiveness without increasing your working hours.

Automation

Technology is there to make your business more efficient, so use it. Find ways to automate the processes in your business so you can start saving yourself time. If you post on one social media platform, automate the process of posting it to other sites without you having to do it. If you handle a lot of contracts and manage them manually, invest in contract management software so you cut the amount of time you spend on those tasks. You would be surprised at how many hours you save by just making those tweaks and changes.

Choose
Whole Life Success

Success isn’t just achieving in business, it’s
also about your health, relationships and mental state. Try to make sure all
the other parts of your life are getting attention. Schedule time off, and
value your family time. When you’re at home be present there and don’t make
your loved ones feel like they are competing with the job. When you realize
that true success is about every aspect of your life, and not just business,
you will shift your priorities accordingly.

As an entrepreneur, you got into this business
for freedom, for you to be able to design the life you want. But when you have
absolutely no time for anything else and the job is frustrating you, that’s a
far cry from freedom. Ultimately, you’re the only person with control over this
and you can make a change to your life. Ultimately, you have to be willing to
make some changes to how you’re living now, so you can live better in your near
future.

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