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Year: 2021

What Can You Do To Keep Your Business On The Right Track?

Your business is going to have a path that it needs to follow if you want to see success. It’s important that you stick to this path as much as possible if you want your business to win. The thing that you need to think about is how you can keep your business on the right track. It might seem as though it’s impossible to do, but there are certain things that can help you avoid falling off the right path. If you would like to know more about this topic, keep reading down below to find out more.

Keep It Organized

The first thing that you need to do is keep your business organized as much as possible. The reason for this is that when you have clear goals and a clear sense of direction, you are far more likely to get where you need to be. When you’re on a specific path, you know what kind of things that you are going to need to do in order to achieve your goal and then you can work towards reaching them. 

You also need to make sure that you have everything you need to provide the best possible service. For example, if you know that you need a waveform generator, then you should have one. If you know that you need certain pieces of tech, you need them. Don’t panic about the cost, think of it as an investment into the future of your business. 

Only Hire The Best

The next thing that you need to do is make sure that you are only hiring the best. The reason for this is that they know what they are doing, and what needs to be done to get results. This is important for your business because you can’t be worried about training new people all the time. Of course, there are exceptions to this where you think that it will be in the best interests of the company to hire someone new, but this is going to be rare.

Customer Service Is Key

The final thing that we are going to say is that customer service is key to keeping your business on the right track. People respond well when they feel as though they are being listened to and cared about, so you’ve got to make sure that all of your employees are on the same page. Send them to employee customer training if you think this is necessary. Do whatever you need to do to give your customers the best possible experience. 

Hopefully, you have found this article helpful, and now see some of the things that you can do in order to keep your business on the right track. It’s important that you try to keep your business on the right path as much as possible, so that you don’t end up on the edge of collapse. This isn’t going to be a problem if you take the right precautions now. We wish you the best of luck.

Is Investing in the Stock Market a Bad Idea These Days?

Investing in the stock market seems to be one of those jobs that everyone envies. After all, you’re basically shifting money around and pocketing some of it for yourself. You make money off other people making money, so everyone’s happy at the end of the day–right?

If you’ve been following recent events then you’ll no doubt have learned about the millions that people have made from GameStop stocks. Without going into too much detail, it was essentially a rebellion by Reddit users to raise the prices of a shorted stock so that hedge funds would be forced to buy them back and suffer huge losses. This was essentially a way for many people to vent their anger at the rich and stick it to them.

However, while many people profited off it, the stock has since plummeted and it was clear that there was a lot of intervention by these rich elites that helped to crush the surge. For example, several trading platforms disabled the buying of GME and Google even removed many negative reviews of the offending app.

So with all of this in mind, is investing in the stock market a bad idea? Is it clear that it’s just being manipulated by the rich and wealthy and everyone else is just along for the ride?

Investing makes sense if you believe in the brand

A lot of people try to invest in order to make money. They want to become day traders and shift stocks around to make a living. Unfortunately, this is a big investment mistake if you’re just getting started. You really need to have a lot of money if you want to make money, and this is sadly not possible for most people.

You can try to trade less expensive stocks to try and make money, but there’s always a possibility that you miscalculate something and end up losing all of your investment. That’s not a good place to be, especially if you’re not doing great with your money in the first place.

Instead, a much better approach to investing is to actually put your money where your trust is. If you truly believe in a brand and are willing to support it, then there’s no problem investing in their shares if they’re a publicly-traded company. Companies such as Netlinkz have much more stable share prices and they’re less likely to attract the attention of big investors that can manipulate the price.

At the end of the day, if you believe in a brand, then you can show your trust in them and invest. This is arguably the best way to approach trading–by buying into brands that you truly believe in and want to support.

Investing isn’t gambling, but you need to be well-informed

Trading isn’t for everyone. It’s going to be out of your element unless you’re well-informed and you’re either going to end up losing money or making a lucky investment that pays off. For example, there are many people that cashed out during the GME situation and they ended up making a lot of money.

However, that still isn’t a get-rich-quick scheme and now that the price is plummeting, it’s clear that a lot of people have lost money in the process. Investing in the stock market might not be a bad idea, but thinking of it as a way to get rich is a quick way to lose your investment.

Making The Most Of The Internet

Screen time has rocketed and many of us have turned to the Internet to stay sane during the pandemic. If you’re spending more time online, and you’re wondering what to do to use your hours constructively, here are some ideas. 

Blogging

Blogging is a hobby, but it can be a lucrative career path. Whether you enjoy writing and you’re keen to share thoughts, engage with others and meet like-minded souls, or you want to boost your income during the lockdown, blogging is an accessible, enjoyable activity. Think carefully about the kinds of subjects and themes you want to cover, who you want to target and how you’re going to monetize your blog if you do want to turn it into a money-spinner. You could sell advertising space, join affiliate marketing schemes, promote products or create exclusive content for paying customers, for example. Look at successful blogs, take inspiration from bloggers who are making money and make choices that are relevant to your interests and your target reader. 

Trading

For those who are looking to turn a few hours online into a flexible, part-time job, trading is an option worth considering. Trading used to be a profession reserved for qualified, experienced traders with in-depth knowledge of the markets, but today, there are opportunities for anyone to get involved in Forex Trading. Online platforms have opened doors and provided chances for amateurs and those with an interest, rather than academic qualifications, to make money from trading. It is important to proceed with caution with any investment or financial decision that carries risks. If you’re a beginner, spend some time conducting research and reading up on the foreign exchange market and take advantage of demos so that you can learn how to make your move and spot positive signs. 

Connecting

One of the most significant challenges we face as a result of the Covid-19 crisis is staying in touch with people. Many of us are used to seeing colleagues on a daily basis and spending our weekends with family and friends. Thankfully, with social distancing measures in place, the Internet has prevented us from being totally cut off and isolated. Use the web to reach out and connect with others. Whether this means a weekly video chat with college mates, conference calls with coworkers and a family quiz every Sunday, or linking up with new virtual friends by playing games or chatting about shared passions, it’s great to be able to interact and keep loneliness at bay. 

Developing new skills and searching for career opportunitiesThe pandemic has left many people without a job and it has created a huge amount of spare time for those who can’t currently work. If you’ve lost your job, or you’ve been furloughed and you’re not working, use the Internet to find new roles, to access resources to improve your resume and explore courses and programs that could help you develop new skills.

Most of us are spending more time on the Internet than ever before. If you’re looking to use your time more constructively, or you’re on a mission to earn more or improve your career prospects, hopefully, this guide will come in useful.

Hate Your 9-5? 7 Recession-Proof Startup Business Ideas

Each year, thousands of people decide they hate their jobs and want to embark on a new journey by starting a business. The trouble is, not all of those individuals end up creating successful enterprises.

Startups fail for various reasons, but one of them is low demand due to economic strife. You’re likely reading this because you want to quit your job and be a small business entrepreneur, but you want to succeed in your new business venture.

Of course, the big question is what type of business you should start that will do well even during times of economic crisis? To answer that question, keep reading to learn more about seven top recession-proof startup business ideas:

#1: Affordable Luxury Products

Some would-be entrepreneurs might assume that no-one has any money to spend during a recession. It might shock you to learn that the opposite is true. Many people will still purchase ‘luxuries’ amid the doom and gloom of an economic crisis.

One way to capitalize on that fact is by setting up a new business selling affordable luxury products. In a nutshell, these aren’t essentials, nor are they ‘expensive’ premium products. Such items are typically mid-level consumer products.

#2: Auto Repair Services

Most consumers have at least one vehicle in their household, especially in rural areas with little to no public transport. Auto repair services are essential because people still need their cars and trucks maintained, and many drivers will seldom know how to do that.

If you’re handy with a spanner and can easily rebuild an engine, you should consider starting a business offering auto repair services. You could even open a franchise in your area, such as Milex Complete Auto Care.

#3: Resume Writing Services

Unemployment will rise during a recession because people get laid off, and businesses shut down due to significant revenue loss. As a result, laid-off workers will immediately look for a new job, and one thing they’ll always need to do is update their resumes.

If you’ve got excellent writing skills and can write content that packs a punch, you could offer a resume writing service. It’s an enterprise you can run from home, and you’ll have virtually no overheads.

#4: Bail Bond Services

Each year, thousands of people get arrested by the police for various reasons. Those individuals will often have legal representation, but one thing they all have in common is the need for freedom.

Many people will often get granted bail but will need to pay the bail amount set by the judge presiding over their case. In those situations, many individuals will typically require a bail bond to secure their release from jail.

You could set up a bail bond company and help those individuals get their freedom back once again. As you can imagine, bail bond services is a niche business that never gets affected by recessions.

It’s relatively straightforward to set up a bail bond services business, and you can even use software like Bailtec to help manage your clients and their payment plans.

#5: Tutoring Services

When a recession hits, many people looking for a new job or getting laid off want to go back to college. They do this because gaining a qualification will give them the edge when they apply for new jobs. Some people will also go to college as they want a new career.

In those scenarios, individuals enrolled in college may want extra help to understand their learning material fully. As such, they’ll often pay for additional tutoring to ensure they have the best possible chance of gaining their new qualifications.

If you’re an expert in a particular field, you could always set up a new business offering tutoring services. You could provide your services face-to-face or via the Internet using video call technology.

#6: Discount Food Store

Everybody has to eat – even during a recession. The trouble is when money’s tight, some people cannot afford to buy their groceries from their usual grocery stores.

A discount food store typically makes a profit by purchasing goods in bulk at low prices and only making a small margin on each item. Their prices are significantly lower than their competitors, and so they’ll always be busy with customers buying lots of cheap food.

#7: Discount Clothing Store

Lastly, people will still buy clothes during a recession as clothing is necessary, much like food. But, consumers will be more selective about where they spend their money, especially if their families suffer a drop in income.

As with discount food stores, you could buy lots of garments cheaply and sell them for a low margin. Discount clothing stores always do well and will even generate more revenue during a recession.

How To Find Casual Work During COVID-19

If you are someone who is used to working casual jobs, you might have struggled during the coronavirus pandemic. The pandemic has seen many closures of venues and businesses that typically hire casual workers, such as restaurants, cafes, music venues and arts centers. Casual work is ideal for students, those with other part time jobs and artists who are trying to make ends meet. 

Read on to find out how you can find casual work, even during the pandemic.

Look For Industries Thriving Right Now

Although the coronavirus pandemic has negatively affected many industries, some are battling it out against the odds. Companies such as Amazon, that hire people on short rolling contracts, are doubling down on employee hire as their delivery needs have skyrocketed. 

Similarly, online development industries such as tech engineering, content creation, social media management, IT support and web design, are all thriving due to the fact that so many companies have transferred their services online. This is an industry worth taking a look at if you are a gig worker with software expertise.

Sign Up To Online Load Boards

Online load boards are absolutely ideal for casual delivery workers looking for day-to-day projects to take up. If you work as a delivery driver, you can find loads of the appropriate size and distance that instantly pop up on a load dashboard. You can accept the job right away, and off you go!

This is perfect day-to-day work for casual workers with varying flexibility. If you have children, for example, or you attend college, you might not be available for the same number of hours each week. Delivering using load boards is a fantastic way to supplement your income. 

Market Yourself Better

One way to find casual work online is to market yourself better. In a sea of worker profiles on casual work sites, yours must stand out above and beyond the other workers with similar experience to you. How can you achieve better personal marketing? Here are five easy things to do. 

  1. Use professional photographs. There’s nothing worse than a blurry selfie on a professional profile. Have some pro photographs taken – or if that’s unavailable, have a friend take high quality shots of you looking presentable. 
  2. Expand on your experience. If you have worked as a copywriter, don’t just write ‘Copywriter’ on your resume. Detail the skills required to do so, and any positive feedback you received too!
  3. Capitalise on your interesting qualities. A few fun facts about you will never go amiss on a previously-bland worker’s profile!
  4. Use social media to your advantage. If you have a particular skill set that is invaluable in a niche industry, make sure you are connecting with others in the industry using social media. 
  5. Network, network, network. Even without networking events, you can network online by meeting like minded individuals on forums and job sites. You never know where this connection could lead!

With so many closures going on, it has been a tough time for individuals looking for work. Use this guide to help find casual work during COVID-19.

How to Deliver a Customer Service that is Consistent in Quality

You may have a brilliant product, but if your customer service is not helpful or if they are not reliable then people will hear about it. You will end up losing customers and this is one thing that you need to avoid. If you want your career to experience long-term success then you need to try and do your bit to ensure that you are putting in the time and effort to satisfy your customers beyond their purchase. You need to provide after-sales support and you will also need to give them the confidence to make another purchase from you.

Know your Product

If you are a customer service agent, then you will most likely spend all of your day troubleshooting the issues that your customers are having. For this reason, you have to make sure that you are an expert in your product.  Your job is to help your customers to make the most out of their product, so make it your goal to know everything there is to know. If you can do this, then you can ensure that you give them timely recommendations and that you also help them to feel more confident in your services. If you want to help your sales even more, then check out https://www.synergistix.com/.

Have a Positive Attitude

Attitude is everything. A positive attitude will go a long way when it comes to providing a fantastic service to your customers. The right attitude will change any negative customer experience into a positive one. Most customer interactions are not face to face, therefore you have to make sure that you are coming across well in your tone. It’s incredibly easy for you to misinterpret the tone of written communication, so don’t be afraid to use emojis when you are trying to incorporate good humour, or even pick up the phone if you find that the conversation is getting stale or tense.

Problem-Solve

Did you know that 80% of customers have gone to a competitor because they experienced a poor customer service? This is why you need to thrive and problem-solve where possible. Don’t be afraid to really blow your customers away. Don’t just fix the issue, go the extra mile to ensure that you are exceeding expectations. Sometimes you will need to be creative here because there may not always be an obvious solution. Either way, the more you can push yourself, the more your customers will appreciate your services overall.

Respond Fast

66% of people think that it’s important for a customer service team to value their time. If you are able to resolve any customer queries as fast as possible then this will give you a solid foundation in which to build upon for the future. Speed is essential and this is especially the case for smaller issues that probably don’t take much time to solve. If you can focus on speed, then you will soon find that you have way more time in the day to deal with other issues and that you are also able to give your customers a way better customer service experience overall.