Categories
Business

Taking your Small Business to the Next Level

The growing pains of a small business or company can seem overwhelming, especially if you’re one of the founding team members. Regardless of your reasons for expanding, whether it’s to survive in a tough market filled with aggressive competitors or taking advantage of a new opportunity, the path will be difficult.

But there are strategies you can apply to help you and your team manage the company’s growth and address challenges effectively.

What are some key steps to grow your small business and get to the next level?

Continue impressing your current customers

It’s really important for your business to continue satisfying its existing customer base. Why? Without the base or foundation, a company can’t grow and reach its full potential.

The first batch of customers helped you get through the proof of concept stage and helped you develop clear ideas on a viable product or service you could produce. Turn these customers into loyal supporters and firm advocates. Once they understand that your business is constantly providing value, these people will start inviting their friends, family, and other people to sign up.

It may be tempting to aggressively look for new customers when you’re growing, but there are smart ways to build your customer base. Give your customers reasons to endorse your brand to other people and actively prod them to make referrals if they are happy with your service.

Rein in costs

While it’s only natural for you to start spending more as your business diversifies its products or expands into a new market, make sure that expenses are carefully considered. These high expenses can come back to bite you when you least expect them.

After all, in growing any business, the major consideration is the bottom line. So you need to watch out for costs or investments that will not yield any fruitful results.

Work smart and be time-conscious

 

As your team and product offerings expand, more complexities in the workflow arise. There will be time-wasting and inefficient processes encountered along the way. As one of the leaders in the company, you should have a bird’s-eye-view of these processes to see if they are efficient, and geared toward the goals of the company.

Invest in the right tools and technologies that will help you and your team avoid slumps and roadblocks.

Regardless of industry, many companies nowadays rely on automation and other software solutions to effectively manage workloads and projects. Your company is no exemption.

Avoid the spotlight and focus on the work

In the last few years, many promising start-ups quickly rose to prominence and went bust in equally swift fashion. While it’s great for any new business to be generating buzz and excitement, it would be a mistake to bask in glory too early.

Let the results speak for themselves. Focus on producing a great product or service first and deal with the attention later. The accolades do not matter if you can’t sustain your company’s growth and evolution.

Know when to grow

As you take some of the strategies mentioned here and apply them to your business, remember that each company is unique and that they can only grow successfully during a certain ideal time or phase. Find out when and if your company should take it to the next level.

Categories
Business

What Can I Expect From Conveyancing Solicitors in Portsmouth?

If it is first class legal advice and support you are looking for, you will be hard pressed to find conveyancing solicitors in Portsmouth that match the service of Andrew & Andrew Solicitors. It can really pay dividends to choose an established and trusted legal team that will surely have your best interests at heart. These conveyancing solicitors in Portsmouth have been providing a first class legal service in the greater Portsmouth area and beyond for over 60 years.

 

A service to remember

In Portsmouth, these solicitors are experienced and approachable while often exceeding the expectations of their clients. Most of their new clients come by way of referrals and word of mouth from previous clients. They believe that this is the benchmark of their practice, that clients are happy to refer their friends and colleagues because they know that they will receive knowledgeable and competent legal advice when they need it most. The practice specialises in a wide range of legal matters. For years they have worked hard to develop a respectable and first-class reputation for solid dependable legal advice in numerous aspects of law.

 

What kind of services do they offer?

From buying a new home or selling a home, to family matters, through to financial mis-selling, medical negligence and all types of personal injury. They are there to help you at every step of the way to traverse the situation professionally and thoroughly. Their specialist team of lawyers pride themselves on their solution-focused approach to their work and unparalleled and unmatched level of legal services and advice.

Whatever the situation is, they will look to conclude it as effectively and efficiently as possible.  When it comes to people, it’s fair to say that the service they provide is personable and welcoming as outlined in their testimonials.

 

 Is this service for me?

It is often difficult to know whether you need professional legal advice or not, but it is always best to err on the side of caution and to get the help that you need. There can be many times in a person’s life when a situation arises which would require competent and professional legal advice and guidance. It would be massively beneficial having a specialist team of lawyers on hand and by your side to provide solid professional legal advice will surely provide a welcome relief in those times of difficulty.

 

They are client-focused and have the needs of their clients firmly at the centre of their priorities. They will keep you fully informed at every stage of the process. They seek to minimise the disruption in your life and look to bring whatever situation you find yourself in to a speedy and happy conclusion as swiftly as possible. They have a transparent pricing policy as detailed on their website which clearly identifies the certain costs you are likely to incur whilst transacting various legal matters. If you are in need of professional legal help, then get in touch today and see what your local solicitors in Portsmouth can do for you.

Categories
Business

How to Make Better Financial Decisions in Your 30s

Our priorities shift when we become financially independent adults. We work hard to not only sustain ourselves for the present, but to also save up for the future. You have spent your 20s establishing a solid financial foundation.

Now, the financial steps in your 30s should focus on continuing to your wealth while striving to protect it. But what can you do to achieve financial security within this decade of your life?

Aim for career advancement

You have developed a marketable skill in your twenties. Now that you are in your thirties, you need to apply that skill to earn more. Research the career paths that are suitable for employees with your skill, and identify the jobs and companies where you could fit.

To further boost your chances for career advancement, you may also consider going back to school and getting an advanced degree. You can also take free online courses to hone your existing skills or acquire new ones that are helpful in your line of work. If you feel that your options are limited in your current location, move to a city that offers more opportunities in your field.

At this point, you may also be considering a career shift. However, you need to remember that, while a sharp career turn may be worthwhile, it is also extremely risky. To maintain steady budgeting while you are changing your career course, you need to come up with a solid financial plan to support you while you are developing new skills and/or are in between jobs.

Increase your emergency funds

When setting up your emergency fund balance, your goal is to maintain up to six months’ worth of living expenses. Now that your income and expenses are going up, the amount in your emergency fund should increase, as well. To help keep your emergency funds growing, look into different ways to earn more interest on your savings.

Adjust your insurance coverage

Your growing assets require more insurance. If you are renting a bigger or more private space now that you were in your 20s, you need to get a renter’s insurance if you haven’t already. When buying a new house or car, get home insurance and auto insurance. You also need life insurance for loved ones who are financially dependent on you.

Even if your situation hasn’t changed since your 20s, you still have to occasionally reshop your insurance policies to ensure that you are getting the best deal. If you are changing jobs, you have to understand your new benefits and health insurance premiums, and how they differ from those at your previous company.

Pay off non-mortgage debts

You came up with an effective debt repayment plan in your twenties, and you should stick with it throughout your thirties. Continue or increase your budgeting to pay off student loans if you haven’t already. You have to enter your forties with a focus on building your nest for the future, instead of paying off debts from your past.

There are different challenges in every stage of our lives, and we need to stay prepared for all of them. By following this guide to help you make financial decisions in your 30s, you are giving yourself a more financially comfortable decade, while setting up a financially secure future for yourself and your loved ones.

Categories
Business

Need Help with a Legal Matter in Hampshire? A Guide to Choosing the Right Solicitor’s Firm for You

It is hard to avoid, at some point in your adult life, you are going to need someone to provide you with legal advice. Unless you have a family member that is a solicitor, you will be faced with the task of choosing a solicitor who is conveniently located, but who also specialises in the area of law you require.

This can be a tricky process as many solicitors claim that they are able to help in various legal areas, but some lack the correct experience, qualifications and the expertise you may need to resolve your legal issue.

Many solicitors in Portsmouth may also advertise a specific cost for all legal services, which may seem appealing but is often a strategy to lure in clients. Indeed, many probate solicitors offer assistance with inheritance, but may charge extra if there is a complication with the will. You need to ensure that any solicitor you choose is upfront about their fees, confident enough to communicate openly and honestly throughout your legal proceedings, while also being professional.

Typical services offered by solicitors’ firms

It is unusual to encounter a solicitor’s firm that only specialise in one specific area, but it is still worth checking that your chosen firm offers the service you require.

Typically, solicitors in offer a wide range of services and there are specific times when a prospective client may need one or more of them.

Personal Injury

If you or a loved one has been physically or mentally injured due to the negligence of an individual or company, you may be entitled to compensation.

Conveyancing

Useful when you are looking to buy or sell a property, conveyancing law involves exchanging contracts and settlements. It also encompasses mortgages and liens.

Family law

A large area of the law is that of family-based law, which includes divorce, separation, child support, child custody, domestic abuse and pre-nuptial agreements. If you are also looking for visitation rights in relation to a child or children, they are able to offer support in this area too.

Wills and probate

Probate is the judicial process whereby a will is proven in a court of law and is therefore accepted as a valid document of the deceased person’s wishes. We also offer a will writing service.

Power of attorney

A power of attorney or letter of attorney is a written authorisation to act on another person’s behalf in private affairs, business or other legal matters. This is also useful if a loved one suffers from a mental disorder and requires somebody to make care decisions on their behalf.

Civil litigation

A civil litigation solicitor will represent you or a loved one in court on non-criminal based issues like property disputes, where the overall aim is resolution and not a prison sentence or a fine.

Medical negligence

This occurs when a medical professional makes mistakes or poor judgements relating to your care and causes either injury to your person or makes an existing medical issue worse.

 

Categories
Business

Business Continuity Risks: Renting an Office Unit in the Philippines

Ortigas Center continues to be the choice of many multinational companies that want to set up shop in the Philippines. The business district area, which is covered by Quezon City, Pasig, and Mandaluyong, is home to several large multinational companies, including foreign start-ups. Most of these companies are leasing office spaces as well as entire buildings. Despite the increasing numbers of companies in the area, should you join the trend and get a for-rent office in Ortigas Center? Or should you look for a different place after considering significant business risks?

Business Continuity Risks in Ortigas Center

Every place, not just the Ortigas Center, has several business continuity risks. These can include human-made and natural hazards. Some of the artificial risks include crime and the failure of utilities, such as electricity and water. Violent crimes and the possibility of arson are also factors that need to be taken into account by prospective office unit tenants. Although there have been no significant artificial incidents that disrupted business operations in the area, the lessor and its client should have coordinated measures if ever such events arise in the future.

Minor risks also include the impairment of public transportation or significant travel disruptions. Most of these incidents involve road closures and the near-constant breaking down of the nearby Metro Rail Transit-3, which has 13 stations that include the Ortigas Center station. This line, which lies smack in the center of EDSA, stretches from Metro Manila’s north to the southern area of Taft in Pasay City.

For the inherent risks, the country experiences tropical cyclone and monsoon seasons that carry heavy rains. These rains commonly cause flooding of major roads and low-lying areas across Metro Manila, including Ortigas Center. There were incidents in the past wherein employees were not able to report for work due to heavily flooded roads leading to Ortigas Center. Several parts of the business district are also prone to flooding.

Earthquakes are another risk that will not only disrupt business operations but also pose a threat to human life and property. Recently, a magnitude 6.3 earthquake struck the country, and the tremors reached Ortigas Center. Although there were no injuries or significant damage, the earthquake disrupted work and business operations across the district. Authorities closed rail operations, suspended flights, and cut power following the quake.

Prospective tenants are encouraged to look into the capacity of the lessors of office spaces or buildings and how they will respond to specific business continuity issues.

What to Consider: Building Amenities and Administration

New real estate projects in Ortigas Center are starting to offer their spaces and promising amenities equal to their asking rates. The company is recommended to consider mixed-use projects if it aims to conveniently house expatriates near the workplace. These mixed-use projects commonly include basic amenities (pools, gyms, restaurants, and parking spaces), state-of-the-art engineering and architectural designs, and security provisions, such as CCTVs and X-ray machines.

Possible Alternatives

Instead of searching for for-rent office units in Ortigas Center, you can try to permanently acquire a property or try the cheaper coworking spaces in the area. Many operators have since emerged to satisfy the business needs of companies, which are mostly start-ups. These coworking spaces, which can house at most 50 employees, can be used as you make a name for your company.

 

Categories
Business

How to Dress for a Raise

One of the most common New Year’s Resolutions that people set for themselves is to get a raise. Everyone wants to get paid more for all the hard work they go through at their day job so they can enjoy their time off even more. Additionally, everyone feels entitled to a raise every year to compensate for inflation and added experience on the job. There are a lot of things that can affect whether or not a person gets a raise.

The things that affect whether or not a person gets a raise may be something that a person would not normally think about. One of those things is how a person dresses. Appearance can have a big impact on a person’s job whether they realize it or not. It is important for anyone, especially for people who want to get a raise, to dress for the job they want, not just the job they have. Here are some tips for how to dress to get a raise.

Make it a priority

Many people who are focused on their careers often pay less attention to other aspects of their lives in order to compensate. Fashion could become one of those items. Everyone should take some time to make what they were a priority again. This will allow them to see the mistakes they have been making and create a better look for next time.

Stand out in a good way

Everyone who wants to get a raise should make it a point to get noticed in the office, but they need to make sure they are getting noticed for the right reasons. Wearing poor outfits will get a person noticed in a negative way, and wearing professional outfits will get them noticed in a way that could lead to a raise.  You also need to be in the right mindset, I like to go get a massage before a job interview or important meeting, so I go down to my favorite massage spa in Charlotte.

Make sure everything fits perfectly

The fit is the first factor that everyone should consider when putting together an outfit. A person can have the most expensive clothing and the trendiest looks, but if their clothes do not fit well, it will all become worthless. For women, the first step is getting your bra size. After that, everyone can work to find the suits that fit them the best, tailoring them if needed.

Balance trends with classic elements

Trends are a great way to stand out in the office and get noticed, but they can be difficult to pull off in a professional environment. One simple trick to use is to always balance a trendy item with a classic piece. This will create an overall pleasing look and keep it professional for the workplace.

Ask for some advice

Getting advice on wardrobe choices is always helpful. Everyone can use some guidance once in a while as they are trying to improve any aspect of their life. Asking a friend, co-worker, or even a boss for advice on wardrobe choices is a great way to see mistakes that one might have missed before.

People will judge you on first impressions, so it’s important to make a great first business impression, especially when looking for a job or asking for a raise.