Businesses are consistently being grinded under expenses that rise every year. Many businesses tend to counterattack this but end up compromising on their quality, production and customers, too, because they have no knowledge on how to reduce expenses. Reducing expenses has become a necessity for both smaller and bigger businesses because cost of various things
In America, annual costs relating to loss of productivity due to employee absence are estimated at $84 billion. When you are running a high risk company, it is important to keep employee absence to a minimum, so that it doesn’t have a financial impact. Increasing your business profits means having staff that you can rely
Becoming your own boss can be both an exciting and scary prospect, but if you’ve got talent, vision, and persistence, having your own business can free you from debt. However, it all starts with good debt management because the 452, 835 businesses born in 2014 mostly got their startup money from their own savings. Based
Where it used to be that you would need to leave your home and go to your place of employment in order to make money, today, more and more at-home businesses are being started. Whether you are looking to create an at-home business that is your sole source of income or it’s meant to be
It won’t be easy to provide a great experience to callers after they’ve been put on hold. Most customers will tolerate a little hold time but will lose patience quickly, which will result in either an angry caller or even worse – an abandoned call. This will lead to a poor customer experience, which is
The revised Directive on Payment Services (PSD2) is to be implemented in January 2018. PSD2 is going to introduce new rules focused on opening access to payment account information to 3rd parties. The Payment Services Directive (PSD, 2007/64/EC) is an EU Directive, administered by the European Commission (Directorate General Internal Market) to regulate payment services
In order to run a successful services business, you need to attend to your clients and keep them happy. There are numerous ways to do this, from being responsive during working hours to being organized so that you can be their go-to resource. Your business will only be as strong as the clients who are
If you have extensive experience in an industry, you can become a business consultant. Dealing with multiple businesses can prevent burnout, which is all too common in today’s fast-paced business world. While you may have the brains and expertise to become a business consultant, getting started can be tough. While you can start with friends
In-house consulting and strategy groups are becoming a popular alternative to external consulting firms. Today, many large companies like Cisco, Siemens, Google, Disney, IBM, and Deutsche Bank, contain consulting groups to help solve operational problems. Major companies have discovered that internal consulting groups are more cost-effective, attract top talent, and have higher levels of confidentiality
The consulting industry was one of many casualties of the last economic crash. But as the economy has rebounded, so has the consultation business. In fact small, independent consulting firms are doing very well, according to trend followers like Careers-in-Business.com. Due to advances in technology, small firms have found it easier to navigate the marketplace
