How to Develop apt Mobile Apps for the Evolving On-demand Business

 

 

Before diving into the topic of mobile app development, let us see first about the present on-demand market and go through some stats for clear understanding. See, more than 200 billion apps were downloaded globally in 2018. These apps are used for gaming, advertising, productivity, service providing, information sharing, and many more. Now apps have moved one step further and nowadays they fulfill customer’s need by providing them goods and services in real-time. The problem of impatience and inconvenience of the customers are solved creatively using apps. The services provided by using these apps are on-demand businesses. Are you hungry? Take your smartphone and order food with an app and it will be delivered at your doorsteps in minutes. Want a taxi immediately? With a tap, you can book a cab anywhere and anytime. What I am saying now is just the tip of the iceberg. The market revenue of on-demand services is a whopping $500bn in 2018. It is estimated to increase by 11% in 2019. More than 50% of the users are between 20 and 35. Such is the magnitude of this industry.

This exciting business has attracted many passionate entrepreneurs in this field. As to the question why many choose an on-demand business? Here are some points.

 

• Cost efficient
• High Return on Investment(ROI)
• Security
• Never before seen customer satisfaction
• Increased smartphone and network reach so, easy reaching the customers

 

Some of the popular on-demand services are cab booking, healthcare, doorstep delivery, medicine delivery, car sharing, room booking, just to name a few. Whenever an existing traditional industry is subjected to innovation, it comes under the on-demand roof. So, what is the reason for its reach? And what is the most important factor that can determine its success? The answer is the apps used for these services. Developing a top-notch app for the on-demand business can surely have an edge over the competitors.

 

Following are some of the steps to follow to develop an appropriate app for your on-demand app-based business.

 

Identify target users to create an app with UI/UX targeting them:

 

The service operator and the developing team should first find the target users of the service to develop the app according to them. Find smartphone users based on age groups and assess their usage patterns. Finally, note down the design like by the majority of these users. In most cases, UI/UX design is the game changer.

 

Outsource various app related work to focus on core business:

 

App for on-demand business is not confined to customer app. There are customer support, delivery partner, service provider, etc. Try to outsource these to another competent development team.

 

Strategy:

 

After following the above two steps, apply strategies in app development or ensure the app development firms apply these in their solution. Following things, you should deliver in the solution.

 

• Decision Convenience for the user
• Access Convenience for the user
• Transaction Convenience for the user
• Benefit Convenience for the user
• Post-Benefit Convenience for the user

 

Real-time tracking with GPS:

The customer and service provider should be able to track the order from anywhere with utmost precision. So, use cool and interactive design animation to make the tracking hassle-free.   

 

Third-party collaboration:

 

To provide an apt mobile app I always recommend you to join with the top payment gateway system, GPS, social media, and maps. Apart from these, collaborate with mass SMS sending firms to provide an instant update to any no. of users.

 

Have a beta version of the app:

 

Before deploying the original app version allow the users to experience the feel of your service by providing a beta version. A functional MVP helps you do that in a matter of weeks. Analyzing the feedback from the users will help you understand how your product should be changed or improved.

 

Highly scalable development of the app:

 

The app needs to be updated regularly and it should be equipped to handle unlimited traffic for a robust app. A non-scalable platform may play spoilsport in the business.

 

Favorites:

 

By analyzing the past search data of the user, you can determine their ordering and usage pattern. By finding this, you can showcase the product of their taste/favorite items when they browse the app. Data analytics tools can be used to pursue this task.

 

Wrapping up:

 

The on-demand industry is evolving constantly and you should develop the app suitable for that otherwise, your business will become irrelevant in the long run. Choosing the right app development firm for creating the app for your business that follows all the above steps is really important. There are many ready-made app solution providers who have app clone scripts. These clone scripts are affordable and complete customization to suit any business is possible.

 

Once the app development is over and deployment is done, everything is not over. Post-deployment technical assistance and maintenance are indispensable for the smooth functioning of the app. The on-demand market is a competitive field and being different at every stage surely gives an edge over others.

Mobile App

The post How to Develop apt Mobile Apps for the Evolving On-demand Business appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/technology/business-apps/evolving-businesses

Scale up Spain via Developing Startup Ecosystem: Good, or Not Good Enough?

Valuing the startup ecosystem in a region is a complex issue due to the multitude of variables that must be taken into account and the volatility of these variables. Bloomberg has created the “barometer of startups in the US” where it reflects the situation and the evolution of the situation of the startup ecosystem of the country in a single index.

In addition to these quantitative variables, other more complex factors must be taken into account. In this sense, we are going to analyze the situation of the startup ecosystem in Spain.  

Location of the startup ecosystem

At the beginning of 2018, there were about 1400 startups, 20% more than the previous year and ended the year 2018 with 4115 new startups according to data from the Mobile World Capital of Barcelona (MWC).

65% are located in Madrid and Barcelona, ​​8.5% in the emerging poles of Valencia and Bilbao. So we can clearly see that the startup ecosystem in Spain is very concentrated in a few regions.

It has about 200 business accelerators/incubators and 129 co-working spaces. Some examples are Plug & Play, Lanzadera, Connector, Metaxa, Demium…

It is the second country in the European ranking just below the United Kingdom. Valencia is the leader in hosting these types of business assistance and acceleration programs in the early stages.

Activity sectors

Technology and the innovation of Spanish startups dominate the activity sectors. They lead the e-commerce (17.8%), followed by the mobile (15.5%) and the enterprise and web consumption with 11% each. The sectors that are gaining strength are tourism or fintech according to the latest annual report of the Start explorer.

However, the startup ecosystem in Spain does not stand out for having disruptive ideas or great innovations, but it is based on traditional businesses, in the digitalization of them or in social applications.

Companies must look and listen more to new entrepreneurs, new ideas and market trends should be one of their inspirations. We are in the process of transformation, and large corporations must reinvent themselves to adapt the digital age and above all, to new consumers, customers or workers; Millennials who have very different behavior and vision of things.

The figure of the entrepreneur

The statistics show the typical entrepreneur in Spain as a man of 40 years, medium / high purchasing power and with higher education, generally in ICT and/or business.

It means that even young people find it difficult to start up their ideas, often due to the lack of resources or funding, and the older ones are still immersed in fear of failure. Spanish culture has fostered the fear of failure and to take refuge in more stable and secure jobs instead of taking risks. This way of being is a negative point when undertaking.

Investment

In 2017, investment in startups increased by 40% which is figured €784 million, and in 2018 the growth of startups investment was 53% figured €1.2 billion which is breaking a new record according to the Deal room.

195 operations with a total size of 4.18M invested. That is the number of operations decreases and investment increases, which indicates that the funding rounds are longer. In turn, this is an indicator of market consolidation.

Attraction and flight of talent

“The 6.7% of the best developers in Europe are in Spain, although they are far from the concentration of talent that countries like Germany (21.5%) or the United Kingdom (20.5%) have. MWC data ”

In Spain, there is a good pool of digital talent, which is demanded by startups. Spain is the third European country where entrepreneurs and ICT professionals and entrepreneurs want to work, and that is due to:

• The connectivity of the startup ecosystem that Spain presents. That is, there is a large number of accelerators, co-working spaces, international congresses, financing aid programs such as the ENISA loans, ICO or the proliferation of business angels network that invest in Spain.

• Although the market is small and serves to test the products in the first instance, it is the gateway to Europe and is well connected with the rest of the countries of the continent where they can continue the internationalization of the business. Besides that, the Spanish language is the second most spoken language in the world, which invites many foreign entrepreneurs to locate themselves in Spain and learn it through the extensive market they can reach.

• In recent years, high funding rounds are being raised, which indicates that these startups have previously obtained capital in the first phase of financing and have done well to continue growing. The indicator is optimistic, especially since the number of foreign investors has increased compared to local ones, although investment is still scarce compared to other areas such as the US, Germany, the United Kingdom or Israel.

 

However, there is a great drain of talent to other countries of the European Union or the US, and this is due to such important factors as:

• Salaries are uncompetitive. For example, a senior web developer can earn more than double in London or California than in Spain. This is still a great burden.

• The economic crisis: It has pushed many people to create their own business, put them into the situation of taking action with the ideas that were parked and earn a living through self-employment. The keynote is to start in the local Spanish market, which is quite affordable, and if it goes well, jump into the international market and migrate to countries like the US where it is easier to get large rounds of financing and consolidate.

• Taxation: In Spain, it remains the unfinished business because of the little that favors the self-employed and entrepreneurs who want to start from scratch. Despite some reform that has been done in this aspect, the new entrepreneurs are bureaucratic obstacles and have to face payments and taxes for those who have not yet billed enough. On many occasions, it is one of the main reasons to leave and close the company. There is still a long way to go in this aspect.

Next “law of startups”

Last December, the Spanish Ministry of Economy and Business, through the Secretariat of State for Digital Advance, promoted a process of public consultation until January 25, in order to ask citizens for their needs in the startup ecosystem

The objective was to gather information for the elaboration of the law for the “Promotion of the Startup Ecosystem.” In fact, the Secretary of State of Digital Agenda maintained contacts with the main agents of the sector.

Among the measures to be adopted that are being considered, the following should be highlighted:

• Tax incentives for research activities, and technological development and innovation.
• Labor incentives in Social Security and the recruitment of talent.
• Positive discrimination measures.
• Incentives for large companies to integrate the activity of startups.
• Bureaucratic reduction.
• Improvement of the second chance system.
• Promoting public purchase instruments to encourage the participation of startups in Administration projects.

Conclusion

Finally, this legislative initiative could be the backing that the national entrepreneurial ecosystem needs to rise to the top of the world ranking and become an engine of economic growth and wealth generation. Only time will tell.

Business Start-ups

The post Scale up Spain via Developing Startup Ecosystem: Good, or Not Good Enough? appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/global/start-ups/spain-developing-ecosystem

5 Opportunities to Reduce or Eliminate Paper Use in the Workplace

Once upon a time when computers were new, there was great excitement about workplaces going paperless. It was dubbed “the office of the future”. We expected to greatly reduce paper consumption as we take our filing and operations to the new and exciting digital world.

Here we are decades later and the office of the future is still far away. Statistics show that paper consumption in offices had generally been increasing. Advancements in printing technology negated the chance for offices to go paperless and completely transition to digital, despite the additional power of the internet.

According to the 2018 report on the paper industry, the global estimate for paper use recently exceeded 400 million tons per year. More than a quarter of this number is said to be for printing and writing alone. That’s more than 100 million tons of paper! To put that in perspective, it takes 12 trees to make one ton of non-recycled paper, which equals to 1.2 billion trees cut down just for printing and filing solutions.

 

Don’t wait for the future. Create it.

Progress has been slow on the global scale, but many workplaces around the globe are transitioning or are now completely paperless. This is mostly due to advances in digital technology specific to business operations. Owners are learning the numerous benefits in taking their operations to the cloud, addressing environmental issues and also saving some money along the way.

Now if you’re just about ready to take your office to the future, you’re in luck. Taking advantage of this win-win situation is easier now than ever before, with an assortment of software, mobile apps and web services available on the internet.

It will help to break down your day-to-day operations to find out where you can apply paper-saving measures to start your transition.

 

#1 Mail, newsletters and memos

There are hundreds of digital solutions available online to facilitate information exchange within and outside the office. Of course, email is already a staple to any workplace, replacing traditional mail including newsletters and subscriptions. Google Drive, Dropbox and project management softwares also allows fast document transfer without the need for printing and delivery, saving money and time.

For files that require signatures such as contracts or memos, you can capture signature using online tools. Apart from being convenient, digital signatures also add security to the document by using encryption technology. This prevents tampering and keeping the document’s integrity.

 

#2 Invoice and receipt

Convince your clients and customers to opt into an e-invoice and receipt method. You can let them continue receiving paper if they choose, or you can strictly enforce your no-paper policy. Support it with a simple PR campaign that highlights eco-friendliness and sustainability. Customers love those buzzwords.

Not only will you reduce or completely eliminate paper use, but you also save on stamps and courier fees. What’s more, your business will experience improved cash flow like what happened to Gene Marks in his business. Switching to paperless invoice means customers receive the invoice in an instant, cutting down the time from issuing the invoice to receiving the payment.

Additionally, you can opt into e-invoice with all your service providers such as utilities. Use online banking to completely eliminates the need for paper in that department.

 

#3 Data collection and forms

Instead of handing out forms, you can capture customer or visitor information via digital portals. Place tablets or touch screen monitors at your front desk or make them available on your website’s landing pages. Better yet, use lead generation plugins available through Google or WordPress.

For scanned forms or any pdf file that needs filling out, there are web-based services that do not require software download. You can complete tax or other forms already available on the website. It works even for documents without fields to fill in.

 

#4 Hiring and training

There many services online that the company can use in the process of selecting, hiring and training new employees. LMS’s, for example, makes onboarding a simple and efficient process that does not require printing hundreds and hundreds of pages of manuals.

While in the topic of training, you can also assess your teams’ knowledge of certain policies or give refresher courses to management using online assessment tools. The immediate results available at the end of the paperless assessments can let the company respond more quickly to address any issues or perhaps narrow down the pool of candidates for promotion.

 

#5 Events management

If your company is fond of events or if your business is all about it, reserving paper invitations for only the best of occasions will greatly cut your cost.

Call, email, chat and use social media for informal events. For less formal affairs that require rsvp, you can speed up the process by using a text service that allows invited guests to simply text confirmation of attendance. You can view your responses online which neatly summarizes responses and lets you see who needs following up. No need to wait for responses over the mail, and you can focus your attention elsewhere more important.

For formal events where the paper is more appropriate, avoid unnecessary pages and white spaces. Print only the necessary information but include a URL for them to see more information online.

 

Conclusion

Reducing paper consumption doesn’t just mean saving trees. It also means conserving the water and energy used in producing this material. Nature also gets a break from the reduction of waste byproducts like greenhouse gases and other toxic chemicals.

If that’s not enough reason, think about how this will affect your finances. Consider this: how many reams of paper do you go through every week? How about every month or year? What about ink cartridges? Let’s not forget to mention the printers, scanners, and copiers needed to produce paper documents that would most likely obsolete within a few months. It is estimated that 45% of the paper we use in the office ends up in the trash by the end of the day. That’s like flushing money down the drain.

In your day-to-day operations where you use a lot of paper, chances are that there is already a service online that can do exactly what you need. The only real challenge is taking that first step – deciding to go paperless – and you’ll find it gets easier as you realize the benefits in your finances. More importantly, you are taking part in protecting the trees and the environment. Customers love socially responsible and sustainable businesses.

 

 

The post 5 Opportunities to Reduce or Eliminate Paper Use in the Workplace appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/business/green-business/eliminate-paper-workplace

An Entrepreneur’s Most Bankable Skill — Learning

As you progress in your entrepreneurial journey, you will realize that things are always changing.

The interests of your target audience, the technology used to operate your back office, your product/service platform and a plethora of other integrated components both directly and indirectly related to your business.  Your strategic prowess and monetary success depend heavily on your ability to grow and to continuously improve.  Your ability to adjust and transform in the face of these changes can be your greatest strength.  Get comfortable with change.  Learn to learn.

Keep Learning!

You will need to continue “being better” in many different areas of the business:

Learning to Improve Your Core Offering:

Your initial launch is not your final product or service.  You started with an idea based on some input from the market.  It is likely that you incorporated your own subject matter expertise.  You built an offering to service a need and to support a specific audience.  This is a wonderful start.  Your product will do well if it can continue to evolve and iterate in a way that makes it more and more user-friendly.  It will transform your current customers into evangelists and super users if it continues to progress toward a more precise and succinct solution.  As the vision of the product is clarified through user interactions and your own industry experiences, as long as you are willing to obey the signs, you can use this intelligence to refine what you sell.

Learning to Communicate with Current/Prospective Customers:

You will want to communicate with your users through focus groups, surveys, and website a/b testing.  Additionally, you will want to incorporate analytics in your review of product/service performance.  Using tools such as MixPanel or Google Ads or Unbounce, you want to capture every detail about engagement and interaction.  For example, this may include the time of day users see your ads or click on your website and demographic detail of viewers (gender, age, geographical location, etc.).  It could also include the popularity of your chosen keywords, the type of device a user is reaching from and the number of conversions your impressions and clicks are getting along with many other data points.

You will want to learn to read the data to find out what your prospective customers are saying to you about your product. It is often as important if not more important than what they tell you directly in feedback.  There is some meaningful advice in this article about digital marketing.  You will need to commit to learning how to learn.  This means that you are always on the lookout for new metrics to study to determine how customers live with your product.  For example, you may want to explore sentiment analysis (what users and prospective customers “feel” about your product) and go beyond even the data.  Be open to new ways of extrapolating customer satisfaction with and need for your offering.

Learning to “Read the Room” and Build Based on Data:

As you learn to communicate with your audience, you can simultaneously learn to take action based on that communication.  Shorten the time between product/service updates. You can deploy an offering today that is improved every day. You might publish your landing page offering your service and share that link with friends and family and early adopters on your email list. For example, you will get input and advice and questions and concerns from this intimate group.  Then, you may make edits to the page and think through the logistics of responding to customers and packaging the product within the same day!!!

Give yourself permission to evolve in real-time in front of your customers.  SEO plays an important role in how you “read the room” and you can find out more in this SEO article.  Additionally, you will want to learn how to understand the impact that any change you make will have on your users.  Let’s say you make a change to your product. You may think it has improved functionality.  Maybe it has.  Maybe it hasn’t.  You find out for sure by scouring the data to determine user sentiment.

Learning/Re-Learning to Learn:

Finally, you will have to keep learning how to learn.  Traditional education might include a degree or certificate program at an institution of higher learning or with an award-winning learning company.  There is always room for this type of knowledge enhancement.  New pathways to learning include meetup groups that allow for skill development through the community of your peers or online MOOCs (massive open online courses) that may or may not charge a fee for a topic of study.

For instance, new learning can include the use of new technologies to discover information about your industry and target audience.  This can include conferences on an industry topic or Youtube videos from an industry influencer.  As an example, in a Customer Think article from 2016, the writer discusses ways to get to learn about your customers including social media research, past purchases, special events and an overall endeavor to find out “why” they buy.

Commit to Learn!

This may seem overwhelming.  Approach it as a journey that you continue to use as an excuse to evolve and get better.  By doing so, you can alleviate the anxiety of needing to arrive.  Focus on evolution.  Embed yourself within the process of improvement and learn to conduct customer discovery and sentiment analysis often.  Eventually, you’ll find that small tweaks to your product/service, your business and your overall strategic approach can make meaningful impacts to your bottom line.

Enlarge your love of learning.  You can simultaneously enlarge the success of your business and your product or service offering.  Visit www.pearlo.co for some ideas on how to improve your process of learning.

 

The post An Entrepreneur’s Most Bankable Skill — Learning appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/growth/personal-growth/entrepreneur-skill-learning

Here’s how financial management can benefit your upcoming investments

While most of the people spending their time and energy on earning more money, it is also necessary to note that without learning the art of spending your money in a proper way along with sensible saving and careful investment, it would not be able to build up a promising future for you and your families.

Money always plays a vital role in our lives. On one side it is the tool for creating wealth for the need of the future and on the other side, it serves as a transaction instrument to satisfy and fulfill the needs of the present.

Financial planning allows individuals to meet the goals of their life by careful management of finances and money. It has also been observed that the learning process of managing money tactfully must be the first step towards the bigger goal. Both these areas call for efficiency, ascertaining the need and time frame before getting started. Best software for financial management can able to help you in such a scenario and provide you a proper plan for financial management.

Expense management is all about getting the correct value on every rupee you spent and taking appropriate decisions on the payment mode, whether it is cheque, cash, credit card or associate monthly installments (EMIs). Both can help you to meet all the needs of the spending of money in the ease and comfortable way.

See More about Project Management Tips Helpful for Marketing Manager

Why Financial management is important?

It doesn’t matter whether you are investing in a business or sell as an employee, financial management has become a grave necessity in the current scenario. It is not just limited to keeping track of expenses and inventory but it is associated with every entity and future plan of a person or an organization. Financial management and farming provide you a perspective about your expense and income cycle and how you can optimize your money when it comes to the terms of investment and future planning. Here are some of the common reasons why one should be concerned about financial management:

Assist organizations with financial planning

With the help of proper financial management, it became easier for companies and organizations to plan and the expense strategy and equation of funds for future prospective. In order to sustain the growth of a business, it is quite necessary to keep track of every transaction in order to achieve reliable expense and income module. One can hire professionals to do the same or can manage the finance with the help of certain financial planning software that is available today in the market like Stratifi.

Help companies and professionals to effectively utilize and allocate the funds received or acquired by the business or services. It is not an undeniable fact that a business is comprised of several different entities that are required for its successful exhibition but it also shows increased in the complexity of a business architecture which increases the necessity of proper financial planning. Since there are a lot of entities associated weather business in today’s scenario, the absence of proper highest planning can increase the risk of loss and financial turbulence for an organization. If you are not willing to hire a professional for the same, you can always choose some of the best software for financial planning which can help you with your investment, finance and portfolio management with great ease.

Help organizations to make crucial financial decisions. When it comes to the term of loan and equation where a huge amount of capital is associated, proper financial planning can assist you to plan and achieve your business goals effectively and efficiently. It helps you develop the return of investment model which is very essential to monitor for the successful growth of any business.

Help organisations to improve the profit attainment model. With the proper acknowledgment of expense and finance associated with a business model, it became is here to optimize the profit values.

See More How Field Service Automation Will Alter the Industry Landscape

A Budget for All Times:

Making a family budget that includes regular spends, expenses, even discretionary, is a way to be never out of money and save enough for life’s goals.

A person with proper planning on the budget will have control over his/her finances. They can manage the future financial and plan a budget accordingly to hold a good position in terms of the financial managing process. The budget of one person may vary severely from another person instead of similar cash flow. This is because the budget reflects our goals, regular habits, and ambition but the necessity of financial planning remains equally important for everyone.

It is best to customize the spending amount of money based on the past experience and make well-planned financial goals on short-term as well as long-term basis. Seeking advice from a Certified Financial advisor with the help of the best software for financial management is the best way forward.

Irregular and Flexible Expenses:

These include things like buying furniture and consumer valuables like gold or going on any vacation to spend your holidays. Such type of costing is huge and one must plan intelligently. For example, while planning to buy furniture it is necessary to do a price-value analysis and determines the quality and place from where to buy. Today there are several payment options are available- zero-interest EMIs, cash discount, etc. Even though it has become easier to acquire goods with a lot of financing options available, one must need to to keep a check on the overall expenses and return value before taking a huge financial liability.

A lot of organizations hire professionals to manage their investment and financial management which cost a lot of money in terms of employment and remuneration factors. These expenses can be easily awarded the help of financial management software offered by companies like Stratifi.  A lot of investment management software can be greatly helpful in tracking your expenses and investment and do the 

The post Here’s how financial management can benefit your upcoming investments appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/business/financial-planning/managing-investments

What Are Some of the Most Profitable Business Ideas for Women in 2019?

We’ve entered the era of “boss babes,” and now is the best time to kickstart your own success.

Whether you want to work from your living room or build an enterprise with just your smartphone, here are a few of the most lucrative ways to start your own business.

Blogging
If you have something unique to say, you can turn your keyboard into your business platform. Bloggers can make thousands of dollars a month, depending on their audience and influence.

Starting a blog is easy, and it’s something that you can manage from anywhere as long as you have an internet connection. Simply create a website with an easy-to-use blogging platform, or host your own domain.

Creating a successful blog can require a considerable amount of time and dedication, as well as a clear understanding of your niche and target audience. But, if you are writing about something that resonates with enough people, you can start making money with your blog immediately.

Blogging is a great way to gain time and freedom that you won’t easily find in a conventional 9-5 job. You can write Professional Letters with Samples and impress your clients with your amazing writing skills.

Consulting
Do you have an area of expertise that can help other people? You might want to create your own consultancy business.

Consultants are hired by individuals or companies to help them achieve specific objectives, from business analysis to marketing. If you have experience or education in a subject that can help other people find the success they’re looking for, you already have a profitable skill at your disposal.

To get started, you can create a website to build awareness of your services and brand. Make some business cards to market your business, and spread the word through personal references or online advertising. Once you have a few clients in your pipeline, you can easily obtain more business through referrals and networking.

Affiliate Marketing
If you already have a blog or substantial online presence, you can monetize your influence through affiliate marketing.

Affiliate marketing involves incorporating links to sponsored products and services into your content. You then earn a commission when someone makes a purchase from those links. If your website or social media page attracts enough people in a certain market or niche, you can reach out to companies that might want to reach your audience.

Freelancing
Similar to consulting, you can also offer your expertise in a certain area as a contracted service.

From data entry to graphic design, freelancers provide a-la-carte services for a fee. In some cases, you can work as a contractor for another individual or company, or you can offer freelancing services on your own.

A website that showcases your credentials and portfolio is key to attracting new business. Including testimonials and reviews can increase your credibility, which increases your chances of attracting repeat customers.

Life Coaching
Do you dream of helping others achieve success or happiness? Do you excel in interpersonal communication and problem-solving? You can build your own business as a life coach.

Certified life coaches provide training and advice to help individuals grow through personal development. Life coach certification typically requires at least 100 hours of training, which can be completed online or in person.

Personal Training
If you’re passionate about physical health and fitness, consider becoming a personal trainer.

Personal trainers help people achieve their fitness goals, from weight loss to sports training. If you have experience and expertise in exercise and understand proper methodology, nutrition, and form, you can make a six-figure salary as a personal trainer.

The key to succeeding as a personal trainer is obtaining and retaining clients, so marketing yourself is crucial if you want to get your business off the ground. Client testimonials and before/after success stories can help you prove the effectiveness of your fitness programs. Networking and soliciting customer referrals can be helpful in obtaining new clientele.

Selling Handmade Items
Do you enjoy doing crafts or DIY projects in your spare time? Are you a creative person? You might be sitting on a profitable business idea.

Online platforms such as Etsy and eBay are a great place to get started, or you can sell products from your own website. Turn your hobby into a lucrative business opportunity by putting your creations on the market.

Open a Jewelry Boutique
Do you have an eye for style and an appetite for sparkle? Use your talents to open a jewelry store.

You can open a traditional brick-and-mortar boutique, or you can run your business entirely online. Jewelry can be both timeless and trendy, and you can adapt your merchandise to fit any price point.

Property Flipping
If you’re knowledgeable about the real estate industry and you have a fair amount of capital to get started, you can create a business by flipping residence properties.

Flipping properties essentially involves purchasing homes at a low price, often because the properties need renovations or repairs, with the intent of fixing them up to sell for a profit. It’s a complicated business that involves a fair amount of legwork and research, but it’s the perfect business for someone who is looking for a fast-paced and exciting profession.

Virtual Assisting
Are you organized, detail oriented, and able to closely follow directions? You can build a career as a virtual assistant.

Virtual assistants typically perform clerical work remotely for businesses or individual clients. Some common tasks include bookkeeping, travel planning, data entry, and scheduling. You can work for an established company as a virtual employee, or you can offer your services on a freelance basis.

Virtual assistants are becoming more and more popular as a way to streamline administrative tasks. If you have additional qualifications, such as a CPA or legal certification, you can market your services to clients in niche areas.

If you’re looking for financial freedom or you simply want out of the corporate grind, think about applying your skills and specialties to build a profitable business. Create your own success by becoming your own boss in 2019.

The post What Are Some of the Most Profitable Business Ideas for Women in 2019? appeared first on Tweak Your Biz.

source https://tweakyourbiz.com/growth/start-ups/ideas-for-women

How AI Has Revolutionized the Insurance Domain

Artificial Intelligence has become one of the driving factors behind the growth of various industries. It’s given a new direction to the industrial IoT, made financial services more accessible and safer, and streamlined various mechanical tasks that are otherwise too laborious and time-consuming. However lately, this versatile technology has also started making waves in the insurance sector.

The following are some of the ways AI is changing the insurance industry for the better:

Facial Recognition

Facial recognition is one of the most touted applications of AI, and it can be used in the insurance sector too. In fact, insurance company Lapetus offers the customers to buy insurance with a selfie. It’s using the technology to study the facial aspects of different customers for signs of life-threatening habits such as smoking and drinking. This allows it to calculate the right premium amount for each candidate without spending money on expensive and time-intensive medical examinations.

Better Services

Traditional insurance services are expensive. Insurers spend billions of dollars every year on the claim handling processes. This has to do with the manual approach of handling various tasks which include documents verification, paperwork, communicating with the customers, etc. However, AI is able to make the entire system more cohesive and organized, and this has helped the insurance providers to provide better services to their customers.

A good example of AI’s impact on the insurance service is how deductibles are handled today. For instance, Lemonade is able to offer Zero Everything which is an interesting way of handling deductible insurance as under this, customers don’t have to pay for deductibles and can claim 100% of the amount. This is possible due to the underlying AI technology that’s able to save costs in the claim process. The insurer is thus able to pass on this benefit to the customers by offering full claims.

Chatbots

Chatbots are becoming increasingly popular in almost every sector, and insurance is certainly one of them. In fact, the future of chatbots in insurance is pretty bright as advanced bots are already serving as insurance agents, conversational advisories, claim advisories, etc. and helping the customers pick the right insurance products easily and quickly.

A major advantage of chatbots is that they are accessible 24/7. Since the customers may need help with the claims during odd hours (health emergency can occur at any time), these bots can often be lifesavers.

Artificial intelligence is the technology of the future. There are no two ways to it. Since the insurance industry can benefit from it in many ways, we can definitely look forward to new innovations and concepts in this sphere.

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