Thursday, November 14, 2019
posted by Geetesh Bajaj at 10:00 am

By Marieta Bencheva, Consulthon

When you start a business, you know you will be facing challenges and risks. In the first twelve months one in five small businesses will fail. Thirty per cent of small business fail in their second year, 50% fail after five years, and 70% fail in their tenth year of operation.

Consulthon Graph LR

Why is this? Is this number of businesses shutting up shop inevitable?

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Thursday, October 31, 2019
posted by Geetesh Bajaj at 10:00 am

By Aparajita Roy, KornChain

Technological innovation leads to new business models and industries are leveraging digital technologies to develop new platform-based business models where the platforms act as enablers.

The emerging platform strategies promise to provide unprecedented scale, speed, and global reach. These can build the foundation for unleashing new market opportunities from system management to data collection to gather deep consumer insights. We have seen platform model underlying the success of many biggest and fast-growing companies such as the global tech giants like Amazon, Google, Alibaba and companies like Uber, Airbnb, eBay, KAYAK. These are simply the platforms on which products and services are built and supplied. But not a product or a service itself.

Loyalty 1563118927895
Image: Scopio

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Monday, October 28, 2019
posted by Geetesh Bajaj at 10:00 am

By Matt Bagwell, Co-founder of Seven Feet Apart

Ever had to pack so many shoes in your suitcase that you’ve struggled to fit everything else in? Shoes for meetings, for exploring the city, for a relaxed dinner, an evening event with clients… so many activities, so many different shoes required.

Well, we’ve set out to solve that problem – with a new shoe, called Flite, from Seven Feet Apart. I like my shoes to be comfy, but I also like them to work with a variety of outfits (business to casual), and they have to be lightweight and easy to pack.

Flite

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Tuesday, October 22, 2019
posted by Geetesh Bajaj at 10:00 am

By Mike Ianiri, Redsquid

You and your team will be creating a large amount of data every week ranging from invoicing data to Photoshop images. It may be hard to imagine how your business would cope if a critical failure meant you lost all or even some of this data.

Recovering individual documents, such as a Microsoft Word file, when your PC crashes is much easier than it used to be, with the advent of functions such as Autorecover1. Other software applications have similar functionality, such as Autosave within Photoshop2. But these won’t recover large numbers of documents if your business experiences a backup failure or a major flood or fire.

Backup Hard-drive 656127
Image: Pixabay

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Thursday, October 17, 2019
posted by Geetesh Bajaj at 10:00 am

By Gurvinder Singh, TechRank

The digital tech sector is dynamic. This means that to fuel growth businesses need to recruit the right people with the right skills. Hiring can be difficult for two reasons: the nature of the candidates themselves, and, a recruitment process that simply isn’t good enough.

Technology people tend to be either: extroverts who can talk a good game, but often don’t have the skills to back up their claims; or introverts with great skills, but a lack of salesmanship that will get them through the interview process successfully. Resumés and interviews rarely tell the whole story. This dichotomy of resumés and skills makes recruitment in the tech sector extremely difficult.

Man sitting 1514617634839
Image: Scopio

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Thursday, October 3, 2019
posted by Geetesh Bajaj at 10:00 am

By Gary Young, Equinox

It’s essential to manage costs and business owners are generally reviewing their key costs on a regular basis.  However, telecoms often does not get reviewed for years at a time This may be because people don’t think they can save much so they don’t bother to investigate the options. However, the evidence suggests that there are substantial savings to be made.

Telecom Manipulation Smartphone 2507499,
Image: Pixabay

Let’s look at what is impacting prices in the telecoms market and then look at what you can do to reduce the telecoms costs for your business.

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Monday, September 30, 2019
posted by Geetesh Bajaj at 10:00 am

By Animesh Ghosh, Kornchain

Loyalty programs have been around for decades and customers continue to enjoy collecting points and anticipating and gaining their rewards.  Over the last five years, to take one example, enrollments in loyalty programs in the US increased by 40%.

Businesses have long realized that a loyalty program is an important aspect of their marketing strategy, particularly for retailers. It’s no surprise that businesses invest heavily in loyalty programs, as these can generate up to 20% of a business’s profits.

However, the industry has stagnated with a large number of look-alike programs causing customer boredom. One primary drawback with current loyalty points is that it takes too long to reach the redemption threshold and the value is too low to excite customers. Despite huge participation and increasing memberships in loyalty programs, customers are generally not satisfied by the way rewards can be redeemed and find it difficult to earn a meaningful reward. Moreover, the current methods of loyalty points exchange are very limited and expensive and there is little opportunity for a customer to pool points for a higher-value redemption.

Blockchain 3448502
Image: Pixabay

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Thursday, September 26, 2019
posted by Geetesh Bajaj at 10:00 am

By Craig Johnson, NALP Licensed Paralegal & Professional McKenzie Friend

It’s a common misconception that, when attending court in the UK, one must hire a solicitor or instruct a direct access barrister to progress their case for the desired outcome. However, this is no longer true. Since 2013 with cuts to legal aid and the average person unable to afford to hire expensive legal professionals, a new type of “lawyer” has arisen; the McKenzie Friend and the Paralegal.

But what are they and what are the differences?

Legal Administration 1867877

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Monday, September 23, 2019
posted by Geetesh Bajaj at 10:00 am

By Jonathan Amponsah, CTA FCCA, The Tax Guys

If you were to review the past month would you see that you spent a significant amount of time processing tasks manually? Perhaps you spent longer than you would have liked rearranging meetings, chasing customers for payment of outstanding invoices or managing other aspects of your business finances.  It might even find it hard to identify where all your time went!  In circumstances like these, you probably won’t have found time for thinking about the future and developing innovative products or services to take your business forward.

With so many apps on the market and app advisory services offered by professional advisers in your industry, it’s really worthwhile reviewing your current approach and how it can be streamlined to save you time, money and stress.

Automate 1679890
Image: StockUnlimited

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Monday, September 16, 2019
posted by Geetesh Bajaj at 10:00 am

By Mike Ianiri, Redsquid

As 43% of cyber attacks are directed at small businesses there is no question that business owners need to ensure that their businesses are protected.

Cyber attacks are widespread. Consumers are frequently targeted, as are businesses, both large and small. Consumers and micro-businesses may have some protection from the new agreement the banks are signing up to, but, with a recent BBC article saying some banks still haven’t signed up to the voluntary agreement around payment scams, they need to ensure they protect themselves as much as they can.

Cyber Crime Hacker 2300772
Image: Pixabay

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