Top 5 Trends Influencing Workplace Design

Design trends for modern offices predominantly revolve around the health and wellbeing of employees. The design and layout of the workplace environment has a significant impact on mental and physical health and helps to maximize performance.

Health and wellbeing in the workplace have progressed from the creature comforts of ergonomic furniture. Workplace designs have evolved to encapsulate the day-to-day activities and include elements that boost motivation, contentment, and productivity.

Remote Workspaces

A report published by Deloitte recommends firms to move away from fixed desks and install appropriate work stations around the office in order to give employees great freedom of choice and improve efficiency.

Subsequently, the days of the traditional open-plan office are coming to an end. Leading designers like Office Principles are creating remote areas that encourage employees to move around the office when performing specific tasks.

Private rooms are being installed for when individuals need to focus. Quiet rooms that are isolated from the rest of the office improves workplace performance because the senses are not distracted by everything else that is happening around you.

Collaborative Areas

The initiative to install flexible workspaces around an office also calls for areas that encourage employees to collaborate. As a result, designers are fashioning a variety of spaces that enable employees to interact on a number of levels.

Collaborative spaces include formal and informal meeting spaces such as bars and cafes in appropriate locations around the office building, designated meeting rooms or intimate areas furnished with cozy settees, hammocks, and bean bags.

Recreational Work Settings

Recreational areas are becoming an increasingly growing trend in offices around the UK – especially with tech companies. Wacky ideas range from computer games, pool table, foosball, table tennis and even giant slides from one floor to the next (Redbull HQ).

The purpose of recreational areas is to encourage employees to take a break from their work and allow their minds to rest. It’s during these rest periods that people have their best ideas.

Some recreational settings also encourage movement to keep people energized and active – a more appropriate response to the body’s musculoskeletal needs that an ergonomic chair.

Biophilic Office Designs

Biophilic office designs refer to the act of bringing the outdoors indoors. Following the findings of various studies that identified certain plants improve air-quality and natural light improves mood, it has been a growing trend to introduce greenery and large windows into office buildings.

One study published by Harvard researchers revealed that better air-quality and more sunlight improve the mood and productivity of workers. Natural elements in an office surrounding boost cognitive functions and help people feel focused and relaxed.

As a result, modern office designs incorporate natural features such as wood, stone, slate, and colors that reflect nature. Biophilic office designs include more than hanging a few pot plants.

Technological Revolution

As technology continues to impact every facet of life, office designers are transforming workplaces around how we use laptops, wireless printers, interactive whiteboards, and media streaming hardware.

Some companies are even building smart offices that incorporate the Internet of Things into the architecture of the building. Deloitte’s interconnected offices in Amsterdam records the schedule of its employees and sends alerts when they have a meeting. The building even knows when you need a coffee break.

Modern office trends are transforming how employees work and choose companies. Today’s young workforce is looking for the hippest and most fashionable employers that truly care about their wellbeing.

Funky offices that are designed for people to come into the thinking of current and prospective employees. How you design your office could be a key factor in whether you secure and retain the nation’s top talent.

Office

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source https://tweakyourbiz.com/business/innovation/workplace-design-trends

5 Top Tips To Prevent Your Company From Legal Liabilities

Every enterprise in the world, regardless of size, is subject to a raft of rules and regulations. If you disregard your legal responsibilities, you risk incurring significant penalties and even jail time.

The list of legal liabilities for businesses is complex and exhaustive. In addition, the nature of your business may have its own set of industry regulations to adhere to as well. For the purpose of this article, we will focus on five universal issues that affect businesses across the board.

Personal Injury Liabilities

Employers owe a duty of care to employees and outside visitors attending your place of work. If an accident were to occur that is reasonably foreseeable, your company will be liable to pay damages. However, personal injury liabilities extend far beyond accidents that cause immediate injury.

Although maintaining a safe working environment is largely common sense, there are long-term injuries that are not so obvious. Health and safety standards include providing ventilation systems that promote good air quality, reducing the risk of musculoskeletal issues due to bad posture and avoiding health issues related to working with computers (H&S Display Screen Equipment Regulations 1992).

Comply with Data Protection and Privacy Policy

Adhering to data protection regulations is among the top legal priorities of today’s businesses. Publishing a privacy policy in accordance with General Data Protection Regulations (GDPR) on your website is a basic requirement for businesses that use digital platforms such as a website to capture customer data.

Not only is it important to acknowledge you collect personal information and explain how you intend to use the data, privacy policies should be easy for the average person to understand and should not include any obscure clauses with hidden meanings.

Understand Employee Rights 

Companies that employ paid staff, remote contracts and volunteers have an obligation to uphold the rights of individuals that perform a service for them. Employee rights typically cover issues such as:

• The contractual conditions of employment e.g. working hours, equal pay, discrimination, leave, pension, etc.
• Informing employees of potential redundancy payments
• Equal career development opportunities
• National minimum wage

Whilst the statutory rights of employees are designed to oversee fair treatment in the workplace, the rights of relevant parties will differ depending on their role and association with a company.

Copyright, Libel and Slander

Companies are responsible for the actions of your employees. The increased use of social media networks and other digital platforms has exposed companies to the risk of potential legal liabilities in relation to copyright, slander, and libel.

Marketing departments have to be extremely careful over what you say about competitors. Even if you attempt a covert dig in an ad, it could be construed as libel or slander.

The more likely scenario is an infringement of intellectual property. If marketers use third-party images or videos, ensure they are in the public domain and free to use.

Hire A Competent Attorney

As we move deeper into the digital age, it is pertinent for firms to appoint a legal representative you can contact for advice and assistance. Legislation and commercial regulations are extremely complex, and ignorance of the law is not a defense.

 

Legal

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source https://tweakyourbiz.com/global/legal/prevent-companyl-liabilities

Diversifying Your Portfolio Through Fintech

Technology has played a huge role in bringing financial inclusion closer to reality- there are no two ways about it. However, the rise of fintech industry which is also driving financial services innovation, has also changed the face of investments in today’s world.   

As financial products are becoming more accessible and flexible, new ways of investments are gaining traction. For instance, the following are some of the best ways you can diversify your portfolio with fintech products:

1. REITs

If you are averse to the volatile nature of stock markets and want to diversify your portfolio in a way that you can enjoy maximum ROI, then you can consider REITs.

REITs stands for Real Estate Investment Trusts that are companies that operate or finance real estate. The reason why these are so popular among investors is that you can invest in expensive commercial properties even when the investment amount is small. In fact, a large number of people invest only a few hundred dollars but get impressive returns of up to 12% or even higher.

Thanks to digitization in the banking and investment sector, it’s possible for investors to put their money in REITs online. For instance, Fundrise is one of the few companies that offer online REITs or eREITs, and according to one of the best Fundrise reviews– it’s one of the best platforms to use for online REIT investments and diversity your portfolio in an easy manner.

2. Cryptocurrencies

Despite the fact that popular virtual currency Bitcoin spiked the interest of investors around the world only to go through its share of ups and downs, and that many countries imposed restrictions or complete bans on the same, the fact is that it gave us a revolutionary technology- blockchain.

The underlying technology of Bitcoin i.e. blockchain gave a new level of security to IoT, made it possible to create watertight contracts for real-estate, business agreements, etc. in which third parties are unnecessary, and now looks to bolster the banking industry by offering cheaper, faster, and more secure payment solutions. This is why cryptocurrencies that are based on the technology are also good options for modern investors. There are many mobile apps and websites through which you can invest any amount of money in popular virtual currencies like Bitcoin, Ethereum, Litecoin, etc.

3. Peer-to-Peer Lending

Gone are the days when people had to go from one bank to another in search of personal loans. Thanks to the popularity of online lending platforms, borrowers can now easily apply for loans through mobile apps from any location and of any amount.

One of the most common ways to get a loan online is through a Peer-to-Peer lending platform. In this, borrowers can submit their documents online and raise their loan requirements. There are individuals who are also the lenders on the platforms who can review the loan applications and disburse funds to earn interest on the amount just like a standard bank. The borrowers get the funds rather fast and easily, and the lenders can invest their money in a non-traditional manner to diversify their portfolios.  That said, if you are new to P2P, then be sure to read about smart tips for investing in P2P lending before you get started.

4. Virtual Bonds

Virtual bonds are also something that is becoming quite popular in the fintech industry. For instance, sovereign gold bonds (SGBs) are considered much safer than investing in real gold that comes with certain risks and costs.

Individuals who invest in SGBs get assured interest of 2.5% per year and they can trade the bonds on the top stock exchanges, keep them in demat accounts, or even use them as collateral when applying for loans. However, there are a few things you need to know before you invest in them which are:

• SGBs are not available for investments all the time. The government opens a window for the sale of SGBs from time to time. You can expect it to happen every few months and the window to remain open for a week or so.
• The tenure of SGBs is 8 years, although the lock-in period is 5 years. When the five years are completed, the exit option can be availed based on the interest payment date. So, if you are investing for a specific purpose, then be sure that your goal is at least 5 years away.
• Returns on SGBs depend on gold prices at the time of maturity, or prematurity in case you exit sooner. That said, you do get a fixed interest of 2.5% which is not compounded.

So, there you have it- some of the best investment options in the current market that can be considered for good returns. That said, whatever option you decide to pick, make sure you research first. Good luck!

The post Diversifying Your Portfolio Through Fintech appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/technology/technology-trends/diversifying-with-fintech

5 Ways to Optimize and Improve Your Website’s Conversion Rate

Building a powerful website and generating lots of traffic to it is great. However, if that traffic doesn’t convert into sales, then it is almost useless. Nothing is worse than having a great product or service, yet you are facing a difficult time in convincing people to buy from you. Apart from careful planning, overall good user experience is something that you need to keep in mind in order to optimize your website’s conversions.

To successfully do that you need to come up with proven strategies that will boost the conversion rate of your website dramatically. This is a process where you follow certain steps to increase the percentage of your website visitors who complete a particular action that is inclined to your business goal. This particular action could be anything like filling out a form, handing over their email address or making a purchase.

So on that note, let’s have a look at 5 such effective ways to increase and optimize your website’s conversion rate.

Run A/B testing using the collected data

A/B testing is simply a split testing technique for increasing the website’s conversion rate. Suppose you have two possible titles for any page and you couldn’t decide which one to use to attract more visitors. In that case, you could easily run an A/B split test to see which one works better and creates more conversions.

The things you can improve by running A/B tests:

• A page title or headline – Play with different words and emotions to create a strong and convincing title that promotes your main content.
• Page layout and navigation – Include images, bullet points and move various sections around to check which page-layout works the best.
• Your offers and discounts – Include your product price, discounts, and bonus offers to improve your conversions.
• Test videos – Test by adding a video to communicate key points.

These are just a few simple yet effective examples of A/B tests that you can start with. Think A/B testing as scientific experiments and keep testing until you can maximize the number of conversions. Every small and insignificant change can generate surprising growth in your overall conversion rate. So your goal should be running A/B tests at any given time on your site to learn about what works and doesn’t work. By repeating this test multiple times you can narrow down things until you get a massively high-converting page for your website.

Create a clear value proposition

The value proposition is the primary reason why a potential customer should buy from you. Customers do not only want to know which products or services you sell but they are more keen to know the reason why they should buy from you instead of your competitors. Many marketers try to improve their conversion rates by altering various page elements like font size and colors, images, buttons, and so on, but the first thing you should really be focusing on creating a compelling and clear value proposition.

When people visit your site they should know exactly which product or service you are offering. There is no room for creating confusion here; your value proposition should be both crystal-clear and attractive. However, only having a powerful value proposition is not enough, it must be communicated effectively with your ideal prospects to achieve optimal results. You need to constantly refine your value proposition until you can describe your service in a single credible sentence.

For example, you may be the best fitness trainer in your locality, but visitors won’t know that if your proposition isn’t clear and attractive. This is why a clear and strong value proposition is so crucial to test how it resonates with your ideal prospects and ultimately increases your site’s conversions.

Work on trust elements of your site

The ability to build trust and credibility in the eyes of your visitors is the main thing, especially if they visit your site for the first time. Understand the social signals and psychological factors that make people believe in you – which are the fundamentals of converting your leads.

Testimonials and reviews are extremely beneficial when it comes to gaining credibility. In fact, 92 percent of online consumers not only read reviews, but 88 percent of them trust reviews as much as personal recommendations. So make sure you are visible on credible review sites that are relevant to your business.

Apart from reviews and testimonials, you can add various other trust elements on your website. Some of them are:

• Provide contact information (Phone number, email address, live chat, contact page, etc.)
• Add social sharing buttons
• Offer guarantees
• Use pictures of real people
• Show payment security (various payment methods, trust certifications, SSL, etc.)

However, while writing your content, keep in mind that the majority of people dislike self-promotional content. So focus on providing value to your visitors by answering their questions or writing about a recent news or industry trend.

Make compelling Call to Action buttons

To put it simply, your Call to Action button needs to be the point of attraction that captures your visitors. When it comes to the placement of your CTA buttons, perform extensive A/B testing to find out the most effective location of your buttons on your home page, blog posts, or landing pages.

You can either use a strong verb to describe the action your visitors should take (ex-“Sign Up Now!”, “Download now!”) or make it more results-oriented (ex- “Show me how to boost my website’s conversion rate”). Always use the active voice and make good use of strong words to strike on visitor’s emotions and compel them to click through.

While the placement and copy of CTA buttons are important, you also need to keep your attention on its visual appeal. As with other aspects of marketing, psychology plays a huge role in creating compelling CTA buttons. For instance, the psychology of color is a simple yet powerful way to make your customers convert. So before creating CTA buttons refer to your buyer persona to find out the effects of different colors on your audience.

Speed up Your Website to Improve User Experience

Studies revealed that even one-second delay in page loading can reduce your website’s conversions by 7 percent. According to statistics, 47 percent of consumers expect a webpage to load in 2 seconds or less. These numbers may sound crazy, but this is how consumers surf the web.

So if your site loads slowly, they will probably just leave your site without even waiting to see what you have to offer. To help you curb your website’s loading speed, here are 3 free tools that will help you improve your page speed.

• Google PageSpeed Insights
• GT Metrix
• Pingdom

Page speed not only affects how customers interact with your website, but it also has a direct impact on their likeliness to purchase. So if your site has speed issues, there’s no doubt you are losing a huge amount of potential customers on your website and thus many sales. Therefore, improving your website’s loading-speed can help you increase both traffic and the conversion rate.

Final Thoughts:

Every website’s needs are different and there is no one-size-fits-all strategy for achieving optimal conversions. The key to a high converting website is regular experimentation and carefully analyzing what is actually working for your website. So try these five simple yet effective techniques to successfully convert your visitors into loyal customers.

Websites

The post 5 Ways to Optimize and Improve Your Website’s Conversion Rate appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/technology/websites/optimize-conversion-rate

Top 10 Ways to Improve Employee Efficiency

Employees are great assets of every organization. They are the people who make things happen. Employees play an active role in meeting the organization’s corporate goals. This is why it is essential that businesses find tools that will enable their workers to perform at an optimal level. Here are the top 10 ways business leaders and managers can improve employee efficient at the workplace:

Match tasks to skills

Knowing your employee’s behavioral styles and skills are highly necessary for maximizing efficiency. For example, an out-of-the-box, creative, extroverted thinker is the right person to pitch ideas to clients, but they may experience some challenges if they are given a detailed-oriented, rule-intensive task.

Please don’t ask your employees to be great at everything, instead of before you assign any task to them, ask yourself whether this person is best suited for it. If you discover that the person is not suited, find someone else whose styles and skills match the immediate needs.

Keep Goals clear & focused

Let the goals you set for your organization be clearly defined so that your employees can strive to achieve them. Tell them exactly what you want them to achieve, and let them know the impact this will make in the organization.

The best way to do this is to ensure that your goals are SMART – specific, measurable, attainable, reliable and time bound. Before you assign a task, ask yourself how these tasks can help your employees to stay focused and efficient.

Incentivizing your staff

One of the best ways to motivate your employees is to appreciate them for what they have done for your organization. This will encourage them to keep doing good, and striving to achieve the organization’s goals.

When rewarding them, try to give them things that match their preferences or needs. This could be monetary rewards, offering them new learning opportunities, taking them out for lunch, or recognizing their skills in the presence of their colleagues.

Train and develop employees

Reducing professional development experience or training might seem to be a great way to save your organization’s time and money, but this could backfire. Forcing your employees to learn on the job could be extremely inefficient. Instead of doing this, make out time to teach your employees the necessary skills they need to perform at an optimal level.

This will help them expand their skill set. Here are some of the ways you can support your employee development experience- mentoring or shadowing, seminars, courses, individual coaching, increasing their responsibilities, etc.

Setting up clear goals

Do you want to make your employees become more efficient? Then try as much as possible to give them narrow, clear and focused goals to aim for. Make sure the goals are clearly defined because if they are not well defined and achievable, their productivity will suffer.

Managing workplace stress

Although some stress is normal, exposing your employees to excessive stress will affect them both physically and emotionally, and this can decrease their overall productivity and performance.

As a business leader and manager, it is your duty to manage your workplace stress and try to be organizing a meeting with them periodically. This will enable you to discuss the difficulties they may be facing in their departments and then take the necessary measures to improve on them.

Communicate Effectively

Communication is key especially in relating to your workforce. Technology has made it extremely easy for us to stay in touch with your employees anytime, any day. Find a good way of communicating with your employees, it could be through emails, voice-to-voice communication, telephone conversation or calling for a quick meeting to resolve an issue.

Ensure employees are happy

Happy employees are highly productive; when employees are motivated, they will be passionate about meeting the organization set objectives. Their actions will result in less absenteeism, they will be focused on their work, less preoccupied with themselves and ever willing to take up new tasks.

As a business leader and manager, you can keep your employees productive and happy by recognizing their progress, trusting them, creating a friendly competition in the workplace, making them part of the bigger picture, prioritizing a good life/ work balance, setting clear goals, encouraging breaks or vacation, celebrating both their personal and organizational milestones, providing perks etc.

Treat employees as people

As a leader or manager, it is important you know that a great deal of responsibility lies on your shoulder. You must learn how to effectively lead, manage, and inspire employees. Learn how to bring great benefits to the company including motivating them, aligning them with your organization’s vision, listening to their concerns, paying their salaries as and when due, rewarding them, encouraging teamwork, providing feedback, delegating responsibility, etc.

Best Office chairs

Make sure that each of your employees has an office chair that promotes their proper posture and reflects their body’s natural mechanics. Thus, investing in great office chairs will have a positive effect on your business.

Was this article really helpful? Kindly share your ideas in the comment box!

Happy Employees

The post Top 10 Ways to Improve Employee Efficiency appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/business/motivation/improve-employee-efficiency

One Size Doesn’t fit all; Small Businesses Should Customize Their Approach

Starting a business is not a big deal, but maintaining one is a challenge for every small business. For a small or growing business, you have to make sure you do what is right for your company and customize the approach for your business.

There is no one-size-fits-all pathway to success even where a “big business” philosophy is compellingly attractive. Some business approaches are better suited than others for certain scenarios and business sizes. Small business owners need to consider both internal business environments such as company culture, the value of employees and external forces such as customers, competitors and legal constraints before deciding a modus operandi.

Keeping this in mind, here are three example approaches that a small company can customize to best suit their business.

Customer-First Approach

Problem: Poor staff attitude, poor customer experience

Method: Place customer loyalty and satisfaction at its core and make ‘Customer first’ as a goal.

Do wrongly: Try to unconditionally make customers happy, by instructing employees to keep smiling to customers.

Bad result: Employees who are forced to engage customers with fake cheerfulness are unfulfilled and the customers aren’t fooled.

How to fix it: Know your Product or Service Value and deliver a personalized experience. Then get customers and employee “buy in”.

The major advantages of big companies are they are more established and have greater access to funding. With a good product range, the size of big companies and its greater brand recognition allow them to invest more in customer services to boost their customer base.

For a small business that has less brand recognition and smaller budgets, the main focus should be on how their product or service can solve a problem for their customers.

As the owner of a small business, you and your employees need to fully understand the functional, emotional and self-expressive benefits delivered by your product or service that provides value to target customers.

Good customer service is considered an essential feature and can add considerable value to a product or service to enable them to compete in a highly competitive market.

And whilst their customer base is much smaller than a Fortune 500 company, as a small business owner, you have a real opportunity to be flexible and change quickly to personalize the customer experience in a way that is difficult for large businesses to emulate.

Biscuiteers, A family owned hand-made biscuits boutique introduced collections of iced biscuits in fabulous packaging, a completely new way of gifting that would get people talking. As an alternative to buying flowers, the business brings customers beautiful and witty biscuits as gifts that look as good as they taste, and more importantly, offer a unique experience.

360 Degree Feedback Assessment

Problem: Low employee motivation, knowledge, and skill; Poor performance

Method: 360-degree feedback to provide each employee the opportunity to receive performance feedback from his or her managers, subordinates and colleagues.

Do wrongly: Reviewers are not properly trained before giving feedback and comment.

Bad result: Reviewers provide subjective evaluations of people. Feedback seems to be personal rather than constructive.

How to fix it: Create a one-of-a-kind performance review system that best suits your business.

There is no doubt that performance reviews are very important, whether in large corporations or in small companies. The purpose of an effective performance review system is to help employees understand their individual strengths and weakness and to direct and improve the performance of individuals and organizations.

While 360-degree feedback has already been used by a majority of large companies, it can seem to be antithetical to small business culture (E.g. not enough reviewers, time-consuming process, difficult to be anonymous, formal training required, etc.).

For small businesses with few employees, the business owners should leverage the size of the company and develop their own performance review system to accurately reflect an employee’s performance considering the company’s own culture and strategy.

You might find the following two articles useful: How to Create a Winning Small Business Performance Review Process, Why Performance Reviews Are Critical for Small Businesses

RNA UK, an automation supplier of parts handling and special purpose machines, transformed its traditional annual performance review process, focusing on managers having frequent, on-the-job conversations and giving constructive feedback. The new performance review process is tailored to the individual employee, leading to increased employee engagement and action plans to help employees grow and make progress.

Flat Management

Problem: Slow rate of communication due to the number of management layers between executives and employees

Method: Choose flat management as a business structure to make communication faster, easier and less prone to misunderstandings.

Do wrongly: Apply a flat management structure, requiring full communication between each level

Results: Each employee has more than one boss; the communication between employees and the management is not well managed. Executives become overwhelmed.

How to fix it: Identify the main barriers of communication in the workplace and overcome them

A flat management organizational structure removes excess layers of management and improves the coordination and communication between employees, which has been proven most practical in small businesses.  However, it could also lead to role confusion and lost communication for employees without proper implementation.

To sort out communication problems in the workplace, small business owners need to understand the barriers to communication within their business and take steps to overcome them. Fortunately, most communication barriers are easy to identify and can be overcome with a little tweaking in their business structure.

The communication is a dynamic process that starts with a sender who encodes and transmits the message through a channel to the receiver, who decodes the message and gives the feedback in the form of some message or signal.  The model in Figure 1 shows seven major elements of the communication process.

Problems with any one of the elements can become a barrier to communication.

3 Common barriers to effective communication:

1. Encoding/Decoding: The use of jargon; faulty translation; different interpretations
2. Message: Muddled and unclear messages; Information overload
3. Channel: Inappropriate channel of communication; message passed through a long communication chain

Developing a flat management structure could shorten the communication chain and reduce the communication gap, solving the problem of communication ‘channel’. Along with ongoing customized communication training and effective communication tools to overcome ‘Encoding/Decoding’ and ‘Message’ barriers, small business owners can do well with the flat management approach and boost employee productivity.

Small Business Owners

The post One Size Doesn’t fit all; Small Businesses Should Customize Their Approach appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/business/small-business-competition/customized-approach

Tech Acquisitions Over 10 Years: Who’s leading?

The technology industry is the sector of the 21st century. Responsible for bringing the world into the digital age, technology has enabled a breadth of businesses and services to improve their products, processes and customer satisfaction. With new advancements taking place every single second of each day, the industry is also one of the most competitive, as companies have to constantly work to ensure they are up to date with the latest research and innovation, which they do through tech acquisitions.

The biggest tech giants lead the way for the rest of the industry when it comes to innovation and research. Successful for different services and products, from browsing the web, staying in contact with friends online, communicating using the most impressive gadgets and ordering practically anything we want with just a few clicks or swipes on our devices, the tech giants are known to most across the globe. Whilst the likes of Facebook, Apple, Google, and Microsoft are the most successful tech companies in the world in the present day, they are aware they need to work to maintain their position and stay at the top of the leaderboard by acquiring businesses.

In order to remain at the forefront in their industry, tech giants are investing staggering sums of money to future proof their business in what can be an uncertain world of technology, where there remains an endless amount of research and improvement to discover. With nobody safe, the biggest tech players are acquiring a range of companies to boost their portfolio and increase their market share, all in order to stay at the top of the game,

But who is leading the way in the mission to acquisition in the tech industry? RS Components have created a graphic to reveal the acquisitions of the biggest tech giants over the last decade to see who is making the most effort to remain at the top of the sector.

The companies that have acquired the most businesses in the last decade are:

1. Google – 182 companies
2. Microsoft – 89 companies
3. IBM – 87 companies
4. Cisco Systems – 81 companies
5. Apple – 81 companies

Over the last decade, Google has emerged as the clear leader of the industry when it comes to tech acquisitions, with a whopping 182 businesses purchased. This figure is over double any other company including Microsoft, Apple, and Facebook. Google’s acquisitions are three times greater than Jeff Bezos’ Amazon.

Over the last 10 years, Google has acquired a breadth of businesses, from Waze – the mobile navigation app, to Eyefluence – which has developed the first eye-interaction technology for AR, VR and MR devices. The most expensive business Google acquired was back in 2012 with Motorola Mobility which they purchased for a mind-blowing $12.5 billion. YouTube was the third biggest to acquire at $1.7 billion.

Google holds the highest tech acquisitions from across the world. The giant is also acquiring companies from across the world, with one of the most recent businesses acquired providing train updates in India, named Where is My Train, purchased in December last year. The variety and steady acquisitions Google has made in the last decade have paid off with them positioned way beyond the rest of their other tech giants.

with one of the most recent businesses acquired providing train updates in India, named Where is My Train, purchased in December last year. The variety and steady acquisitions Google has made in the last decade have paid off with them positioned way beyond the rest of their other tech giants.

In second place is Microsoft with 89 companies acquired in the last decade. In 2018, Microsoft leads the way and purchased the most companies at 16, whereas Google acquired 9. In third is IBM at 87 and Apple at 81.

At the bottom of the leaderboard sits HP Inc, which in the last decade acquired just 19 companies. Google purchased more companies than this total in 2010 and 2014 alone. Twitter and eBay sit in the latter half of the leaderboard with 49 companies acquired in the last decade.

With Amazon founded by the world’s richest man on Earth, is Bezos going to step up his game in the mission of tech acquisitions?

Amazon just makes it into the top 10 companies with the most acquisitions, ranking 9th with a 10 year total of 49. Amazon has purchased companies at a staggering rate over the last 10 years, averaging around half way in 2009 and 2010. 2015 and 2018 saw Amazon purchase its highest number of companies at 8 in each year. The average number of companies bought by this tech giant sits just under 5, which is just under the halfway point on the leaderboard. Twitter also has an average of just under 5, with the two companies beating the likes of Samsung and Ebay.

Microsoft, IBM, Apple, and Cisco Systems have all averaged between 8 and 9 companies acquired per year over the last decade, with Microsoft beating IBM to the top slightly. With the results so close between these tech giants, it is safe to say there is a lot of competition between the four, and anything could happen in the next year, let alone decade to the ranks on the leaderboard.

Since 2009, Microsoft and many other companies have significantly increased the number of companies they acquire each year showing the importance of doing this to stay at the forefront of the industry. Interestingly, Google’s acquisitions each year have ranged quite significantly with the highest figure being in 2014 where they purchased 31 companies, to the minimum which was 7 in 2009. What has made Google take the crown then is how early they were at investing in other companies, as companies such as Facebook, eBay, and Twitter acquired just 1 company in 2009, compared to Google’s 7. The results speak for themselves and show Google to have been one step ahead of the rest of the industry in its acquisitions.

Who will be leading the tech acquisitions in the next decade?

Business and Mergers

The post Tech Acquisitions Over 10 Years: Who’s leading? appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/business/mergers-and-acquisitions/leading-tech

Why Use a Childcare App for Documentation and Better Parent Engagement?

Teachers are constantly looking for better ways to communicate with the parents of their students to keep them up-to-date on their children’s progress. While messaging, emailing, or sending notes were the traditional option for school teachers to keep parents in-the-know, the use of technologies such as childcare software makes it easier for school teachers and childcare professionals to share information with parents instantly.

Send Regular Updates On-The-Fly

A major benefit of using childcare management software is that it allows school teachers and childcare professionals to document and share the learning activities of their children. Using this software and applications, parents can immediately find out what their child’s school day is like and what activities their children take part in and show interest in while at school or a daycare center.

And that’s not all; a childcare app provides parents with an opportunity to keep track or their children while they are at school in real time with the help of photos and videos. This gives parents information on meal times, makes sure medications are taken on time, and can also allow parents to make other observations.

Parent Engagement

Since 80% of a child’s brain develops before the age of five it’s crucial for parents to pay attention to their child’s interests so that they can work together with the teachers to improve their child’s learning experience. The enhanced parent engagement that the childcare app provides can also result in better grades.

Some children have trouble learning due to various reasons. Rather than parents having to guess what subjects their children are interested in, with a childcare app, parents can find out which subjects their children are more interested in and the subjects in which they are lagging behind. Teachers are able to share this information with concerned parents on the fly thanks to the childcare app. In this way, parents can further support their children’s learning experience by using the information they are sent through the childcare app.

Saves Time

Picking up or dropping off a child is two of the most hectic times of the day for parents. This also tends to be the time when parents check in about their children’s educational development and ask for updates from the teachers. It can be difficult for parents to share information during such a short period about a child’s development and get an in-depth answer. Using a childcare management software or childcare app, teachers can send reports to parents in their own time without having to rush on their response.

Better Security

Safety and security are a big issue when it comes to children, and especially small children, which is something that parents are constantly concerned about. Along with providing parents with a better way to stay engaged with their children by posting regular updates on the child’s health and education, a childcare app is also useful in improving the safety of children as well. While pre-schools, daycare centers, and other educational institutions have certain safety protocols in place, there is no real way of knowing whether a child leaves with their parents or guardians.

A childcare app is a great way for parents to inform the school teacher of any change in their child’s pick-up schedule or if they will be sending over someone instead of picking up their children. Teachers also now have the ability to contact parents immediately to double check before sending the child with someone they are not familiar with, or someone who doesn’t normally come to pick up or drop off the children. The enhanced safety coupled with the many other benefits that a childcare app provides both teachers and parents makes it the first choice for better childcare management.

Replace the Pen and Paper

For pre-schools and daycare centers, maintaining and updating children’s records on a daily basis can become a pain. Not to mention having to keep track of check-in times, infant feedings, incident reports, and filling out daily reports. All this can take up a significant amount of time at daycare centers and preschools, which can be a time that’s used for something more important, such as focusing on delivering better quality childcare.

No more lugging around clipboards and 3-ring binders, using childcare management software simplifies these processes and makes it easier for schools, pre-schools, and daycare centers to keep accurate records of the children in their facilities, while keeping parents informed on the daily activities of their children. In other, words, using childcare management software and applications is a win-win situation for both parents and childcare professionals.

Billing Childcare Services

Apart from improving the workflow of pre-schools and other childcare facilities, the software can also be used for billing and invoicing for childcare services. Using childcare management software simplifies the accounting and billing process of pre-schools and daycare centers, by making it effortless to create reports and invoices that can then be shared with parents.

Whether you take care of children on an hourly basis or run a pre-school, now you can keep track of time and bill your clients accordingly to get paid faster. More importantly, the ability for you to carry out multiple tasks with the software coupled with a brilliant user-friendly interface, puts back hours in your day, making you more efficient and productive.

Scalability

From the point of view of a childcare service or pre-school, having childcare software or app has many advantages. They offer a safe and efficient way for teachers to keep track of the children under their care while providing them with a foolproof way of managing their establishment. One of the main selling points of the childcare software or app is that the platform is scalable.

This means the different modules are available separately, allowing owners of pre-schools or daycare centers to purchase the ones they need for their business. In this way, using childcare software is a cost-effective way to manage your business.

Parent and Child

The post Why Use a Childcare App for Documentation and Better Parent Engagement? appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/technology/technology-trends/childcare-app

Detailed Procedure of Importing Invoices From e-way Bill Site to GSTR-1

If any taxpayer is preparing for GSTR-1 on either a monthly or quarterly basis, it is free to import invoice details from the e-way bill portal. This article is a step by step guide which will avail you with the detailed view of utilizing options available on the GST portal login to import sales invoice details from the e-way bill site to formulate GSTR-1. The features provided on the GST portal prove as the remedy for taxpayers in the business of goods and prepare e-way bills for its transportation. further, the taxpayers are allowed to integrate the e-way bill management portal on ewaybill.gst.gov.in and the GSTR filing portal on gst.gov.in.

1. Reason to bring in option of Importing e-way bill data to GSTR-1

Earlier, there was a need for uploading invoices twice, firstly on the e-way bill site and later on the GST portal during filing for GSTR-1. Due to this, the taxpayers had to make extra efforts while preparing for GSTR-1. So, in order to avoid this pain, an option ‘Import EWB data’ has been added to the GSTR-1 filling dashboard for three tiles. This not only helps in minimizing errors that occurred during the input of data for taxpayers but also supports tax authorities as well in monitoring tax evasion.

2. What particulars can be imported from the e-way bill site?

Given below are tiles or table of GSTR-1 which can be imported through the e-way bill site:

• 4A,4B,4C,6B,6C- B2B Invoices: The mentioned invoices here are considered as Tile A in this article. They keep details of the sales transaction between GST registered persons.
• 5A,5B- B2C (Large) Invoices: In this article, these invoices fall in Tile B which contain information like sales transactions by GST registered person to unregistered persons in case of inter-state transaction or the value of the invoice is more than INR 2.5 lakh.
• 12- HSN-wise-summary of Outward Supplies: In this article, summarized HSN-wise invoice-details are contemplated as information of all outward supplies.

There are two ways to import data from the e-way bill website, which are as follows:

1. If the invoices count falls less than or equal to 50, they can be Imported directly to GSTR-1

2. If the invoices count is more than 50 then initially they will be downloaded as a ‘.CSV file’, and later to be organized in the prescribed excel format for import and finally be uploaded online to GSTR-1.

3. The process to import and download data from E-way site

Step 1: Login to E-way website then move to GSTR 1 dashboard to login to GST Portal and further navigate to ‘Returns Dashboard’

Now make choices for the month and financial year of the return period and proceed to GSTR-1 tile just by clicking ‘PREPARE ONLINE’. Further, make entries.

Step 2: To import a set of particular invoices from the e-way bill system click on the tile A, B or C as mentioned above.

Note: The taxpayer is allowed to import an invoice from the e-way bill system to GSTR-1 for multiple times, but in case of an invoice is already present in GSTR-1, the system will populate a warning message questioning the replacement of existing document with the new one.

Click on ‘Yes’ if you are willing to import the new document over any existing invoice.

Step 3: Import invoices data to their respective tiles A, B or C and keep on filing GSTR 1 form for the regular taxpayers.  A will get data of B2B e-way bill invoices. While the GSTR-1-Tile B will get data of B2CL e-way bill invoices. Other than this, GSTR-1-Tile C will obtain the e-way bill data of generated HSN Summary.

Import of B2B EWB invoices into Form GSTR-1

To start data importing of B2B invoices, click on IMPORT EWB DATA button on the tile A containing invoices like 4A, 4B, 4C, 6B, 6C. During the process, a page will be showcased depending upon the number of invoices raised in EWB system. If the invoices are less than 50, by following the given below steps one can directly import e-way bill data to GSTR-1.

• To make the choice of invoices, one can either check to mark the ‘Select All’ box or can select all the required invoices manually. Further, to download invoices in .csv format and upload later, click on the Download button in the rightmost corner of the window.
• Click on ‘IMPORT’
• Consequently, a window will pop up with a message that the selected invoices will replace the existing GSTR-1 data. To proceed, click OK.
• It will return a confirmation message and close the dialogue box.
• A few minutes later, the import history table will be showcased right below this window and the status will switch to “Processed”.
• Imported invoice details to GSTR-1 will be seen on the B2B tile as like:
• Cross check the Invoice details with the relevant receiver detail. If there is a need for any alteration made changes by clicking on the hyperlink. And move further with sequential steps to file GSTR-1.

If the number of invoices accounts in between 50 and 500:

This scenario does not allow the online import of invoices directly. For this one have to download files in .csv format by clicking Download. Further cross check downloaded b2b.csv file of invoices. if any changes required can be done in the excel file before uploading it via Offline Utility. If the number of invoices is more than 500: The following page will manifest on the computer screen.

• Click on ‘Generate file to download’.
• A message requesting wait of 20 mins will pop up.
• After 20 mins, a link will awake to download the file in the zipped folder.
• Once the zipped folder gets downloaded, extract the excel file from it.
• Cross check downloaded excel file of B2B EWB invoices for any with the relevant retailer for any changes. If required
• edit the excel file and upload an excel sheet of invoices to the GSTR-1.

Import of B2CL EWB invoices to GSTR-1

To start data importing of B2CL invoices, click on IMPORT EWB DATA button on the tile B containing invoices like 5A, 5B. If the invoices are less than 50, by following the same steps for importing B2B invoices, one can directly import e-way bill data to GSTR-1. If the invoices count in between 50 and 500 units, the page given below will be observed:

To download the B2CL file, click to the Download button. Further cross check for any changes, if required make changes to the downloaded excel file and upload the same to the GSTR-1.

In case, if the invoices count is more than 500 units, one would follow the similar steps performed for B2B file download.

Populate HSN wise summary of outward supplies

To start data importing of 12 – HSN-wise-summary of outward supplies, click on IMPORT EWB DATA button on tile C. if the invoices are less than 50, the page given below will be showcased.

To download the hsn.csv file, Click download and proceed to cross-check the file for any mismatch if found make appropriate changes in the downloaded excel file and upload it to the GSTR-1.

If the invoices lie between 50 and 500

To download the hsn.csv file, Click download and proceed to cross-check the file for any mismatch if found edit the same and download it to the GSTR-1.

If the invoices list is more than 500, one can download the hsn.csv file by performing similar steps as adopted while downloading the B2B file.

4. Things to do post downloading invoices in Excel format

In cases when the invoices are more than 50, the taxpayer is required to first download invoices in excel sheet. In such cases, the taxpayer cannot import EWB DATA to GSTR-1 directly. So they can adopt from the provided 2 options to upload invoices from excel file to GSTR-1.

Option 1:

Import excel workbook via using Offline Utility Tool

Step 1: Import Excel File and arrange it in the given below format:

Step 2: Click the Import Files tab on the returns offline tool.

Step 3: Click the Import excel button and browse as well as select the worksheet.

Step 4: To proceed further, click Yes. It will send an acknowledgement message for a confirmed successful importing of data to GSTR-1.

Step 5: Click the Back Button to cross-check invoices populated in the excel sheet. Also, one can make changes like delete and edit of uploaded data by using respective buttons on the screen.

Option 2:

Use of Copy and Paste Method to Import Data from excel workbook

Step 1: Make changes to align downloaded excel worksheet to the prescribed return format and then perform copy operation including the header part along with the data from the excel sheet.

Step 2: On the GSTR offline tool, click Import Excel and proceed to click on copy excel, which in turn will send a confirmation. In order to save data click yes and the invoices in the excel format will be uploaded to the screen.

5. How to report missing invoice in e-way bill portal?

The taxpayer can opt for 2 options to upload missing invoices:

1. Prepare Online by manual Insertion of data:

One can adopt a similar procedure to upload missing invoices in the e-way bill to GSTR-1, likewise being used for uploading fresh invoices to GSTR-1.

2. Prepare Offline: By opting 3 given below options:

Import Excel file: with this option, we have to create an excel file of missing invoices in the prescribed format and following a similar step as mentioned above.

Copy from excel file: Develop an excel file of missing invoices in the prescribed format and then follow the above-mentioned steps.

Import the .csv file: The import of invoice data is also possible from a .csv file by converting it to file formatted in JSON by performing ‘Steps to Download JSON’.

 

Accounting Software

The post Detailed Procedure of Importing Invoices From e-way Bill Site to GSTR-1 appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/finance/accounting-software/e-way-to-gstr1

Why Your Business Needs the Charisma of Mobile Apps?

If you believe that mobile apps are exclusively for enormous name brands like Walmart and Bank of America, you are incorrect. Increasingly little and average size businesses are following the mobile trend, understanding that a viable mobile strategy includes something beyond a mobile-friendly website.

 

Truth be told, nowadays you’ll see that numerous independent businesses you cooperate within your regular day to day existence have their very own committed mobile app — be it the corner coffeehouse or the excellence spa downtown. These businesses are on top of things about taking their promoting to the following dimension.

If you are yet not certain why anybody would need to assemble their very own mobile platforms, here are the best advantages of going down this way within the near future.

Be Visible to Customers consistently

Stats demonstrate that the normal American goes through over two hours every day on his or her smartphone. While most likely just a bunch of uses makes up the greater part of this absolute use, it doesn’t change the way that every user needs to unlock, scroll, and output their device for the apps they’re searching for. Being “in the way” can be an advantage to your business, as our psyche unwittingly records each picture and content (or well-planned app icon!) it runs over — regardless of whether it happens unnoticed.

Make a Direct Marketing Channel

Mobile Apps serve numerous capacities: they can give general information, costs, booking forms, seek features, user’s accounts, messenger, news sources, and considerably more.

One of the greatest advantages of having a mobile app is that all the data you’d like to give to your user – including unique deals and promotions – is directly readily available. Through message pop-ups you’re getting considerably more like an immediate collaboration, and can without much of a stretch remind users about your product and services at whatever point it bodes well.

Offer some benefit to Your Customers

Discussing close by data, what about digitalizing that devotion program you have set up? Rather than adhering to the old point-collection card, make it workable for your users to gather their prizes through your mobile app. The outcome? More downloads and more return users.

Manufacture Brand and Recognition

A mobile app for your business can extraordinarily add to your brand awareness. I’d like to separate this subject into two viewpoints, the mix of which will make your app a genuine winner:

• Brand. A mobile app resembles a clear bulletin sign. You can do what you need with it; you can make it smart, hip, practical, stunning, or useful. In any case, what you truly need to do is make an app that has highlights your users will love, while in the meantime it is very much marked and perfectly planned.
• Acknowledgment. The more regularly you can get users required with your app, the sooner they will be slanted to purchase your product or potentially services. In publicizing this is known as the “effective frequency”: as a standard guideline, hearing as well as observing your image roughly multiple times is the thing that will get you really took note.

Improve Customer Engagement

Regardless of whether you are selling blossoms or spa benefits, your users need an approach to contact you. Having an informing (or help work area) include inside your app can truly have any kind of effect in the manner you speak with your users. Consider it: OpenTable, for instance, fabricated its whole plan of action around this guideline. Rather than calling restaurants for a table, you can book it with fewer than five ticks on their platforms. Presently consider it: what number of users would like to speak with you by means of content than through phone?

Emerge From the Competition 

Nowadays mobile apps at the private company level are yet uncommon, and this is the place you can take a major jump in front of your rivals. Be the first in your neighborhood to offer mobile apps to your users. They’ll be dumbfounded by your groundbreaking approach!

Develop Customer Loyalty 

Last, however not least, the most vital motivation behind why you ought to consider building your very own mobile app is user devotion. With all the clamor out there — roadside pennants, boards, blazing signs, paper advertisements, flyers, coupons, sites, site standards, Facebook promotions, and email marketing — we gradually lose our effect on users in view of the huge measure of publicizing encompassing every one of us. It’s an ideal opportunity to return to making a genuine and true association with your users, and making them a reliable admirer of your item as well as services. I am not saying a mobile app is going to spare your business, however, it tends to be a method for remaining nearer to your users, and being only a “fingertip” away consistently.

Persuaded yet? I am, without a doubt! Since you have experienced the various advantages of your own business mobile app, where are you going to begin? You have two choices:

You contract a mobile app development company, or bring your own in-house app development team ready.

Whichever way you go, a mobile app will be a standard segment of any business later on. The decision you make today is going set the establishment for the eventual fate of your business. It’s on you to choose whether you’d like to be one of the first.

Mobile Apps

The post Why Your Business Needs the Charisma of Mobile Apps? appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/technology/mobile-technology/business-app-needs

Enterprise Mobility Solutions- A Smarter Investment for Higher ROI

When did you last looked at the employee’s notice board? When did you pay a visit to the management’s cabin for your queries?

Enterprise mobility solutions accorded the system with ease of accessibility. The employees can access the management irrespective of their location in real-time and acquire information.

This transformation in the establishments has made Enterprise Mobility Solutions popular. The enterprise mobility apps focus mainly on employees and how provisions with multiple options are possible.

This provision for various options is driving the organizations to adopt Enterprise Mobility Solutions and take Enterprise Mobility App Development a severe business.

Statistics

Enterprise Mobility has provided with proven mobile-enablement and has contributed to increasing the user-engagement.

You won’t believe my statement, isn’t it? Let me provide you with some stats regarding this subject. It will solve all your doubts.

The following figures will add some gravity to my statement.

• The market is expecting the rise of Enterprise Mobility in terms of revenue with $430 billion by 2021.
• 39% of the employees accept the benefit of using Enterprise Mobility App and how it has the potential to change the workplace.
• There are 4.67% of companies who are admitting the need for Enterprise mobility solutions.

 

I hope the above stats haven’t lured you yet to opt for Enterprise Mobility Solutions.

Let me share the main reasons as to why businesses are inclining towards Enterprise Mobility Solutions. It will help you in the long run.

So, why wait for anything special to happen?

Let’s get the things started, right here, right now.!

#1. Putting the best Step Forward during Communication

How do you communicate with your colleagues? Are you still dependent on emails and other desktop-based communication portals?

If you are in this mode till now, let me pen down the difficulties.

• Communication is difficult when you aren’t at your place
• Raises disputes due to unavailability

Do you think this is an effective solution?

Now let us think about Enterprise Mobility Solutions.

Since it has mobile-enabled capabilities, you will have a faster and easier chat mechanism. So wherever you go, your office follows you through your mobile device.

You can chat from anywhere with your colleagues, assign tasks, report to your manager about the status of the job, reply to the entire group, and so on.

Isn’t this exciting? Let us explore more.

 

#2. Share Data in Real-time

What happens around you?

• You have to prepare offline records.
• You keep on searching for information every time.

So how about Enterprise Apps that offer a swift sharing of files and information irrespective of place and time?

Any guesses how this is possible? Cloud Technology.

So here I put forward another point that makes you think twice about investing in Enterprise Mobile Application Development. Think about it carefully.

 

#3. Escalated Productivity

Enterprise applications are accorded with numerous tools that aid in the smooth and efficient working of Enterprise Apps.

The best example I can give is the Push notification. This feature helps the employees to stay updated with scheduled meetings, conferences, assigned tasks, deadlines, and more.

 

#4. Maximized Employee Involvement

This section is interesting.

Have you hesitated to give feedback about your colleague or share some information relevant about a task at your workplace?

Enterprise mobility solutions provide a platform for all the employees to freely express their views, make some announcement, share information regarding the task effortlessly without waiting for your turn or without paying a visit to the management in person.

The Enterprise Mobile Apps are the best options when it comes to mobilizing the organizational assignments and facilitate their workforce.

This facility provided through app development for Enterprise Level builds a strong relationship with a more active and healthy working environment and, in turn, boosts productivity.

 

#5. Maintaining Records Smoothly

If you are looking to get rid of managing manual records, then here is another reason why you should go for custom app development for your organization meeting the Enterprise demands.

The employers, with these enterprise apps, can keep an online record of all their employees. They can easily retrieve the data as well. The data retrieval process is easy with any factors like age, contact details, etc.

The enterprise apps provide a hassle-free experience while searching the right employee.

If in simple terms you need an example, then Enterprise mobility solutions act as a search filter. For example, Your client is Japanese. So you will need a translator. Rather than asking people individually, filter the search results using the required skills.

I am sure you have done this while shopping. You use separate filters like your budget, fabric, color choice, patterns, etc.

 

#6. Hale and Hearty Security

Trust me on this!

Investing in Enterprise App development adds up to the long-lasting security of the process.

Enterprise apps ensure 360-degree security by integrating modern technologies like Artificial Intelligence and Blockchain. These technologies overall, in the enterprise apps assure the company about the data that it is safe and stored securely on the cloud.

 

#7. Boosted ROI

So finally, the ROI boosts up. How?

With all the benefits that you have read above, the Enterprise Mobility solutions help the employees in:

• Working effectively
• Increases productivity of the Employee
• Assures safety

 

Conclusion

Nowadays Enterprise Mobility Solutions are making all the right noises. There won’t be anyone who hasn’t heard of this wonderful concept.

Businesses are looking forward to investing a lot of money in this field. However, the question is, Why Enterprise Mobility Solutions is a great investment area?

Taking this idea into consideration, here we have tried to provide you with a list of reasons for which Enterprise Mobility can be a smart investment for the higher ROI.

I am sure; I could justify this write-up and make it clear why firms should invest in Enterprise Mobility Solutions.

If the article is luring enough, then research properly for Enterprise Mobility Solution Agency who would provide you with such scaling ROI Enterprise Apps.

If you’ve any questions or suggestions related to this blog, then feel free to ask them in our comment section. We’ll try to respond to your queries. Thank You.

Enterprise Mobility Solutions

The post Enterprise Mobility Solutions- A Smarter Investment for Higher ROI appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/business/mobile-technology/enterprise-solutions-roi

7 Tips to Borrow Good Amid Brexit Uncertainties

Just one year before, 52 % of British people voted in favor of Brexit, the historic mandate for leaving EU. Since then, speculations are being made about the impact of Brexit on the UK’s financial sector. The British households, the business community, and self professionals are eagerly watching each development concerned with their borrowing requirements of today and tomorrow.

Are your borrowing prospects getting affected by the current uncertainty over Brexit? How can you still avail a good deal for a personal loan or business loan even with not so good borrowing qualification?

The sense of because all the discussions over Brexit have so far been focused over “divorce” deal to find out a way to leave the UK, not over the post- Brexit results. Uncertainties over the future are sure to cut the growth rate. Any possibility for interest rate rise seems very dim. Companies may choose to reduce the stockpiles of finished goods, raw materials, and components, etc. as the majority of economists expect weak economic growth.

Whether you are a salaried person, self-employed or business owner, you are going to face the consequences of political and economic uncertainties resulting in low chances of getting a good lending deal. In a slow economy state, borrowing needs become more powerful, leaving you less time to try the different sources.

Seven Tips To Help You Get The Reasonably Priced Loan:

1. Analyze The Borrowing Requirement:

You may need borrowing for different reasons. Most of the time, these reasons seem justified, but when you analyze the loan requirement with perception to cost and repayment capability, some ways to avoid borrowing start appearing.

For example, you want extra money to increase and expand the stock during the festive season, but if you analyze the money requirement with a focus on expected profitability and possible odds, the money requirement may not be as much relevant and urgent; alternatively, you can ask the suppliers to supply the goods on credit.

Similarly, in case you need extra money to meet out personal expenses, analyze the need and explore the possibilities to avoid borrowing. For example, you feel funds shortage for home repairing. The possible ways to avoid borrowing for this cause may be – earning extra through part-time work, renting a portion of your home, renting your car, etc.

2. Optimize the Borrowing Requirement:

The easy accessibility of lending agencies in the UK has simplified the borrowing as well as it offers more than ever before options to choose the lender. But, you have to pay the interest also over the borrowed amount. So, optimize the required amount. For example, you need £ 1000 for a task; you can reduce the amount needed by dividing the objective into phases like stocking the goods in low volume or planning the home repairing in steps or changing your holiday destination. Instead of borrowing a significant amount in one go, better you take a small short-term loan; pay the first debt and take the next as the more trustworthy borrower.

3. Choose The Right Loan Type:

Choosing the right loan type is essential to get the best affordable deal. For example, taking a personal loan for business purposes is not a good idea; similarly, taking a small long-term amount of credit for the home renovation is not a good idea. Real, long-term loan reduces monthly repayment liability, but it increases the overall cost also. The UK lenders offer a wide array of loans designed for particular objectives and eligibilities; each loan like a quick loan, short term cash loan, no credit check loan, small business loan, loan for unemployed, etc. comes at different terms and conditions.

4. Assess Your Repayment Capability:

Getting a loan is easy, but repaying it in the agreed period is not as easy. Earnings in weak economic conditions, like in the UK at present, keep on changing; so, you can’t be sure of getting the fixed income months after months, whether, you are a salaried person or a small business owner. Some borrowers tend to borrow maximum as the lender can give, but most of such borrowers fall short in on time repayment. Assess your repayment capability is accounting risks and uncertainty factors. Never borrow more than 35% of take-home income.

5. Choose the Right Lender:

When you explore lending sources, you come across many sources like online direct lenders like Uncle Buck, Amigo Loans, satsuma loans, British Lenders, On Stride Financial in the UK, financial institutions, conventional mainstream banks, building societies, peers, etc. Each has its different rules for lending; therefore, selecting the right lender is very important.

For example, if you have a bad credit score, a bank may turn down your loan application, but a direct lender may accept your borrowing request similarly if you are entitled to govt. Benefits, trying to getting a particular interest can eliminate or reduce the borrowing requirement. For example, if you need borrowing during unemployment (jobseeker’s allowance), it may help you avoid borrowing from private sources.

6. Compare the Lending Deal and Negotiate:

OK, now you know ‘how much, for what and from where’. After the introduction of no credit check, bad credit or guaranteed loans, borrowing for almost anyone is possible, provided, he/she is a registered adult citizen of the UK under 80 years’ age but the cost matters. Here, you need to compare not only the proposed interest rate but the terms and conditions also including various apparent and hidden fees. The annual percentage rate (APR) is different than the advertised interest rate.

The factors that affect the cost of the proposed lending offer are – loan amount, repayment period, credit score, current earning, monthly financial liabilities, profession type, location, etc. Never forget to use your right to negotiate.

7. Take Time To Decide For The Best Lending Deal:

A lending proposal may seem right up to your primary requirements, but it may not be right on reasonable grounds. For example, a loan offered at the lowest interest rate may carry high fees and penalties. The loan provided at a low-interest rate may make you a ‘loan prisoner’. According to a report that appeared at Guardian News on Jan 2019, “Average UK household debt stands at £15,400. The unsecured debt is 30.4% of household income; it is the highest so far.”

Concluding Note:

Uncertainties over the future after Brexit are disturbing the ordinary households because of low-interest rates, reduced wages, less profitability, slow economy, etc. More and more families are experiencing the problems in managing the monthly expenses; therefore, borrowing emerges as the only way to survive even with a high possibility of being trapped for longer to pay back the debt. Still, the strategic approach may help you get reasonably priced, affordable, manageable and genuine lending deals.

Brexit

The post 7 Tips to Borrow Good Amid Brexit Uncertainties appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/finance/business-finance/brexit-uncertainty-tips