Business tips to reduce your costs
Article by Wesley Virgin
No matter what you must sell, whether it is a product, service or information it is necessary to ensure that you operate your business by reducing costs. There are many ways to reduce costs in your business and save thousands of dollars a month.
Negotiate the best deals with vendors and wholesalers, when shopping around for the best and cheapest prices on quality items visit the large discount stores as their prices are usually cheaper as they buy in bulk and can afford to sell at cheaper prices.
Ways to optimize production costs is to sell Justifyover packaging instead of recycling it. Use excess materials from production lines to create new products. If you are in a position where your business has unused space, consider renting it out.
Reduce your costs by using Google Drive and video conferencing and Skype and Zoom for meetings. These programs are all free to use and with Google Drive, you can use email, project management and even take online free courses.
It is a good idea to check your business insurance and policies, some may not be relevant, and you can cancel and save the monthly subscription. Update existing policies by checking other companies to see that you are getting the best deal.
Businesses are looking to save money and reduce costs everywhere and a good place to start is very obviously the lights and changing to LEDs which are energy efficient, cheaper and eco-friendly. These bulbs are long-lasting and do not need to be changed as often and are much cheaper to operate. A good investment to save energy, in the long run, is to install a sensor system that will control the electricity supply and reduce business costs.
About Wesley Virgin,
Wesley Virgin is a serial entrepreneur and author of several eBooks. As a former computer engineer and personal trainer. Wesley Virgin is a focused and innovative millionaire that is also the owner of WV Media and an army veteran
How to Improve the Company Culture
An amazing company culture helps so much with the overall success of your company. Happy employees can aid as much as anything else to build that solid reputation you’re searching for. Javier Loya, CEO of OTC Global Holdings reminds us that, “Your company culture is an important aspect of your overall effectiveness in the marketplace.”
OTC Global Holdings in Houston, Texas, is the largest independent OTC commodity brokerage in the world and has been quite successful over the years.
Below are a few great tips for creating an amazing place to work:
Survey current employees about what they like and don’t like about your company
Think outside the box concerning some unique perks to attract the best candidates
Make sure your internet recruitment process is working at optimal levels
Maintain a positive, upbeat company culture
Fine tune your employee referral program
Utilize your company blog as a resource to build your brand and attract recruits
Make sure your marketing efforts include branding strategies and recruitment info
Try giving your employees a choice of which projects they want to work on. This can ensure that the workers are fully involved in each job they are assigned to. Once they are excited about the project, it will be more successful. This is easy way to create a stronger company culture.
Javier Loya grew up in El Paso, Texas and now lives in Houston, Texas with his wife and two daughters. He the founder and co-CEO of OTC Global Holdings, the largest independent OTC commodity brokerage in the world. He graduated from Columbia University in New York and is a minority owner of the Houston Texans football team.
How to Use the Abundance Mindset in Leadership
No matter how talented you are, your talent will fail you if you are not skilled at the particular task you are performing. You can excel when you put in place the work ethics and systems necessary to carry you forward. Great leaders are not simply born; they achieve success by following certain principles and by working with determination.
The two most important substances in an entrepreneur’s character are:
Courage-You must take risks and have the ability to endure year after year until you finally succeed. Look at the circumstances and conquer them. Understand that worry is a state of mind based on fear and make a decision that you will not give up in times of economic hardship.
Persistence-Make a decision to continue no matter what. And if you have to do it one hundred times, so let it be. Get up each day with the same tenacity and zeal you had when you first started and know that there is only one option: Winning!
Don’t get discouraged if you see that you need to acquire skills unfamiliar to you. The good news is that you have been wired to learn anything you set your mind to. You can become a great business leader. You have the skills and tenacity.
Work on your belief system. You must get to the point where you believe in your dream. Putting a belief system in place may be one of the most difficult elements, but the best part about it is that it is possible. Once you put that plan of action into place, believe in it as if it has already come to pass. Envision your success. Never let the dream die.
Below is a quote from Create Abundance by Zhang Xinyue:
Growth is neither what you can wait to attain in a deep valley as a hermit. Nor what you can find on the other pure land after you die.
With many years as a well-known spiritualist leader and teacher in her field, Zhang Xinyue is known for a variety of achievements. Her creation of the Abundance system aims to promote a meaningful and straight forward approach to life’s philosophical issues. In 2012, she finished one of her best-selling books, Create Abundance. The book is a collection of quotes containing words of wisdom on how to develop body-mind-spirit cultivation.
Create Abundance was initially released in Chinese, but it is also available in English and other languages now. A second version of the book has also recently been released.
How to Achieve Good Physical and Spiritual Health
The article was provided by The Global Spiritualist Association
One thing we all have in common: we’d like to get in better physical shape. We each have our favorite excuses for why we haven’t been able to do this yet. These can range from lack of time to just feeling that gyms are boring. Many of us work in offices where we simply don’t get much physical activity though. You may sit at a desk most of the day and eat out at fast-food restaurants several times per week.
If this sounds like you, then you have probably put on a few extra pounds that you’d love to get rid of. Usually, once we realize that we’re totally out of shape, we buy the latest work-out video or join a local gym. After only a few short weeks, we lose our zeal and go back to our sedentary lifestyle.
One thing we often neglect is our spiritual health. There are no tell-tale signs as with our physical bodies. You can’t see that you’ve gained weight so you may not be aware. Good spiritual health is important as you move forward and try to build your business. When we keep our spiritual-self strong and healthy, then we can more fully enjoy our success in business.
Of course, your physical health is important too. Most of us can find at least a dozen ways to add some physical activity to our day without really making much of a change to our lifestyle. Look for those opportunities each day to walk somewhere instead of taking the car. Just these few minor adjustments can get more oxygen into your blood stream and get your heart pumping more efficiently.
The Global Spiritualist Association was founded by teacher Zhang Xinyue in the year 1999 with the goal of bringing in the best Spiritual Teachers from various professional fields around the globe. The Global Spiritualists Association is well-known for focusing on creating a platform with international impact to exchange ideas for spiritual growth.
How to correctly deal with bad reviews
Article provided by Revdex.com
Businesses can benefit from positive customer reviews as most customers shop online and often check reviews before a purchase. However, a negative review can lower a 5-star rating and cause new customers to doubt a business’s products/services.
When a business receives a negative review, handling the situation and customer correctly can greatly reduce the impact of the review.
Get in touch – Your first response should be to contact the customer. You can do this by replying to the review by thanking the customer for their feedback, followed by apologizing for the inconvenience caused and ending with a number to reach a customer service representative directly. Speaking to the customer can often make them feel a lot better about the situation and reduce the chances of them writing an additional review.
Be nice – Always speak to the customer in a calm voice and do your best to put yourself in their situation. The calmer you are, the more comfortable a customer will feel.
Explain how the review can affect the company – Let the customer know that their review was warranted, but that it affects the entire company.
Compensation – Disgruntled customers will feel a lot better if they are offered a refund, a gift, or an offer to redo a service.
In some cases, reviews can be in breach of the terms of service statement on a website. For example, if the reviewer is personally attacking an employee, the content is insulting or slanderous you can ask the website administrator to remove it.
Revdex is an online business directory that allows to report scam for a products and services. Consumers can post a review for any business, even if there is not an existing profile. Businesses can create their own profiles and respond to reviews.
Visit the site to file complaint about unauthorized charges, file complaint about airlines, report scam about car dealers or any such issues.