If you come from a low-income background, you may be wondering how to get out of that and live a life of abundance. You may simply wish to live a simple, stress-free existence without having to think or worry about anything. Some people want good health. However, there is always the issue of wealth—you want to be affluent in your own right. Some of the teachings of Zhang Xinyue can help with this. She authored the book, Create Abundance by Zhang Xinyue.
Maybe you don’t have to be a multimillionaire to be happy and satisfied, but you do need to be comfortable where you are to be able to live the life you want to live. To do so, you must overcome several challenges, two of which are your attitude and belief system.
How do you feel about yourself and about wealth? Some people are taught that wealth is bad and that we should not aspire to be rich. But is this true? People can be poor and still not have sound morals.
As we consider all these issues, it’s important to think about celebrities who have become successful due to hard work and changing the way they believe about the world, money, and themselves. Quite a few celebrities will tell you that they meditate each day. They may have positive words they speak to themselves—words of encouragement. We all need to believe in ourselves.
There are other lessons that celebrities learn including:
Learning from life lessons
Believing in yourself
Every small business needs its own website. This is a great way to let the world know what your business is all about. With today’s technology, it is often even possible for your small business to draw in clients from all over the world. For instance, if your online store in Sweden sells children’s clothing, running shoes or even hardware, there’s no reason why you wouldn’t be able to sell your goods and services to someone in Italy.
But how will potential customers find your website with so many out there? That’s the question many small business owners are asking themselves. One of the big answers is SEO, but there’s a lot more to SEO than just optimizing your text. Though many small businesses are currently having their website content rewritten to include valuable keywords for their site, that’s only the beginning.
Zhang Xinyue is an author, spiritual teacher and mentor who helps business leaders Create Abundance. She believes in helping those around you to succeed in order to create good Karma in your life. As we learn about life, family, business and the world, we can grow into a better version of ourselves.
This quote comes from Create Abundance by Zhang Xinyue:
“Abundance is an experience you undergo at the bottom of your heart, and a process in which you make a daily request to the cosmos and receive her compassion and influence. Originating from the wellspring of your soul, it is also the personal dignity every human life was born with.”
Online reviews are an integral part of customer purchases as customers consider online reviews to be unbiased. Research suggests that most customers will conduct their research before making a purchase and are known to consider negative reviews. Although most businesses see negative reviews as bad publicity, they can also be an opportunity to showcase a business’s excellent customer service skills.
Social media platforms such as Facebook, Twitter, and Instagram are popular for customer reviews. Additionally, private review websites like Revdex.com, Yelp, and TripAdvisor are also known to help both customers and businesses communicate more effectively. Here are some simple tactics that can help when handling negative feedback.
Respond as soon as possible – Avoid a rushed response and aim to replay to a customer preferably within a few hours. A quick response will build confidence and show the customer that the business can be trusted.
Leave a personal message – Generic messages will not calm a dissatisfied customer. Instead, leave a personal message that informs the customer that you are looking into their complaint.
Apologize – The simplest way to calm a customer is to apologize and empathize with their situation. Offer a direct contact number to a customer service representative who is briefed and able to handle the complaint.
Compensation – If a customer is addressing a legitimate issue, the business must look at ways to compensate them. Offering a discount, a refund, or redoing a service can improve the customer’s relationship with the business.
Revdex is an online business directory. Revdex’s aim is to improve the connection between consumers and businesses. They provide the customers with an opportunity to browse and post negative complaints and reviews about businesses and they make it easier for their voice to be heard by the companies.
Negative reviews are disheartening as they can influence new customers and reduce future sales. But businesses have now realized that negative reviews are a common concern and therefore they should be addressed professionally to minimize their effects.
Here are some simple steps that can help any business prevent negative reviews.
Request to fix the issue – It can be difficult for businesses to ensure that every customer transaction has no flaws. Instead, businesses are taking responsibility for their faults by contacting the customer directly and fixing the problem. Additionally, encouraging customers to communicate with the company can discourage them from posting publicly. Private review websites such as Revdex.com, Yelp, TripAdvisor, and BBB are excellent platforms for customers to address their concerns while providing companies with a central platform to follow up on negative feedback.
Surveys – Customer surveys are a wonderful way to get customers talking about how the business can improve. Customer surveys can be sent via email after each purchase or can be offered in-store. Requesting customer feedback before it is offered, can help a business change to meet their customers’ needs.
Competitor audits – Competitors can provide a business with valuable feedback. Experiencing a competitor’s products and their customer service procedures can provide a business with information on how they could change to meet customer expectations. Even the smallest adjustment can help to reduce negative feedback in the future while increasing sales and customer loyalty.
Revdex provides a place for consumers to read online business reviews and report bad business experiences. Revdex’s aim is to improve the connection between consumers and businesses. Consumers can find new businesses and services and businesses can create profiles to be found.
Summary: Construction experts that testify in construction cases play a large role in dictating the outcome of the case.
A construction expert is an individual who has extensive knowledge and a particular skillset that is vital for today’s complex construction projects. With the help of their testimony during a dispute, the trier of facts on issues related to construction law such as delays for example, can be persuaded and claims can be handled in a professional and expedited way.
This article will showcase how construction experts have such a substantial impact on construction claims today.
A legal claim that stems from a project may involve numerous property and construction laws. For example, the case may revolve around a breach of contract from previous construction & turnaround services or a wrongful death that occurred on-site.
These legal disputes may require the testimony of a construction expert to inform the case decision makers.
What Qualifies a Construction Expert?
A construction expert is someone who understands the legalities and intricacies surrounding the construction industry. They can also discuss and describe industry standards, technicalities, and certain issues that may pose complicated in court.
Depending on the facts of the case, it may be important to hire an expert that is experienced in the construction industry. Lyle Charles of Lyle Charles Consulting for example, is a seasoned construction expert who provides both testimony and construction advice for companies that require a unique perspective.
Expert witness testimony is a tactic that has proven to be an efficient legal strategy, especially when it comes down to persuading the trier of facts. Moreover, it can sway a case drastically due to the amount of knowledge that this specialist brings to the table.
Starting a new business can be exciting, but starting a business venture requires a substantial amount of capital. Here are some tips on how business owners can gather money to finance their business venture.
Business plan – A clear business plan should map out the next three to five years of a company, and the plan should be a living, changing document. Your business plan should start with a business summary that summarizes the entity of the business plan and the company’s goals. The plan should then describe the businesses industry, target market and include as analysis with projections for the future.
Funding request – Your business plan should then include a comprehensive funding request to potential investors and define how the funding will be used. Most business plans also include financial plans for the future, which include buyouts, selling the business and debt repayments.
Financial projections – A border description of the company’s plans should also be included in a business plan. These details will help stakeholders understand the big picture and support the business in allocating resources efficiently.
Business loans – There are many ways to obtain a business loan. It is best to start with institutions that offer several loan programs for smaller businesses before reaching out to banks and other private lending entities. Although smaller institutions provide better interest rates, they have strict guidelines that need to be followed to place an application. It is essential to apply to many lenders to receive a positive answer within the time frame required.
Finance is an integral part of the business, and therefore it is vital that your finance is handled by a professional who knows what they are doing. Here are some tips to help business owners ensure that they are on the right financial track.
Don’t procrastinate – Putting off the books is not a good idea as this will make the accounting of a small business unmanageable. Look at documenting your financial process before you start your business and fine tune it as your business grows and changes. Consider recording your financial operations so that even if you are not able to be at the office, your employees will understand the process.
Understand your annual cash flow – Cash flows usually follows a seasonal trend and understanding this pattern is key to ensuring your business has enough money throughout the year. You also will need to understand your sales cycles to ensure that you have a buffer for days that your sales are low but you have to maintain your inventory.
Focus on your core strengths – Although doing all your finance requirements in-house is an excellent way to save money, it may leave you with less time to plan. Look at focusing on your key strengths and then look at outsourcing other areas to professionals who will be able to give you the information you need to make critical business decisions.
A start-up is designed to grow fast, and although rapid growth is what every entrepreneur dreams of, most start-ups are not prepared for rapid growth. Here are some tips on how to manage a fast-growing company.
Medium-term goals – Although most business plans focus on short and long-term goals, it is also a good idea to look at medium-term goals. Medium-term objectives help to bridge the gap between short and long-term goals and provide a much-needed stepping stone. Medium-term goals will help a company look at what they need regarding people and resources to reach their long-term goals.
Keep customers happy – It is important that you never stop listening to your customers. Look at gathering as much customer feedback and use this information to improve your business.
Find a great mentor – A mentor who has experience in a similar business or industry can be a lot of help to assist you to guide your company in the right direction. Avoid letting your ego or your pride get in the way of receiving good advice and understand that every start-up needs a good mentor.
Have the right team – Having the right team working for you is your best bet to growing and sustaining your business. To steer the company in the right direction, look for team members that are ready to wear different hats and those that have worked in a startup before.
Summary: Taking a look at your business model and revamping it may be the solution to any financial woes you may be harboring.
How much time has passed since you’ve taken a good look at every aspect of your car rental business? You might be thinking back to when you first started drafting your business plan. Well, how is it doing now? Are your goals clear? Are you working towards these goals, and actually improving along the way? Is it where you want it to be?
By asking yourself these questions, you’ll stay involved in every angle of your rental business. You have to be obsessed with crunching numbers and stay focused on the end goal. How well you perform these things will correlate to how well your business runs in the future.
Revisit Your Business Model
Take the time to look at the vehicles you’re offering, the customers you’re doing business with, and the market. Consider all of the possibilities and find ways to challenge your business model so you can exceed what you originally planned. After all, every business wants to thrive and grow into a successful company. Perhaps you could extend a service that provides a car lease to Abu Dhabi, Asia or other areas in the world that are high in tourism. Or, you could offer a variety of different packages that allow customers to take advantage of reasonable prices. The opportunities are endless.
Know Your Customer Base and Adapt
While you might be obsessed with making the most money that you can, you have to let your customer base dictate how you make the next business move. For instance, say you have a customer claiming that they found a lower rate at Monte Carlo Rent a Car, LLC and wants to know if you can price match it. There are two options you have here. You can either tell the customer off and lose business, or you can work with him and come to a mutually beneficial agreement that still brings in some money to your business. Little choices like this tend to stray from the ordinary business model and rely on instinct.
Finance needs to play a big role in any business enterprise as a strong finance team will help to build a strong, healthy business. Here are some key tips that will help management get the most from their finance team.
Training and development – The role of the finance team have moved from traditional governance like accounting, auditing, and budgeting to include areas like advanced analytics, demand planning, pricing, etc. Therefore, finance teams will need the right training and development with the right software and hardware to provide the information that is needed to make key decisions. Start by analyzing the knowledge gap that exists within your department and then look at suitable training plans to bridge this gap.
Finance transformation – Finance transformation are strategic initiatives that improve the service provided by the finance department. Tasks can include shortening a budget cycle, reducing overheads to implementing new accounting software. The general goal is to align finance to the overall strategy of the company. Start with the core responsibilities of finance like governance, scale, and services before looking into other areas.
Avoid broad goals – It is best to avoid broad goals like being a world-class finance team and instead look at reducing costs and increasing services offered. However, make sure that the cost reductions are realistic and that the company follows standard industry benchmarks. Allow sufficient time for a finance team to add new services and to get accustomed to the process. Sufficient time will help to smoothen out any issues and help to build a standard process that can be followed by everyone.