What is a strategy and what is not?
The word “strategy” has become a cliché in the corporate world. It often gets misquoted or defined wrongly. It won’t be an overstatement to say that it evokes a sense of materialization. Hence, it’s crucial to understand its purpose and preparation. A business strategy comprises plans, choices and decisions. It’s essential for any company’s growth and profitability. And like any other piece of work, it could be a good one or a bad one, positive or negative — a blueprint of either construction or destruction! To keep it to your advantage, and bypass any sort of misunderstanding, you must know what is NOT a strategy. For instance, our vision, goals and ambitions to ascend to any corporate pedestal ought not to be considered as a strategy. These feelings or ambitions would remain mere fantasies if we don’t devise a strategy to reach the pedestal. Similarly, budgeting, data analysis and forecasting are not to be considered as strategies in themselves. Though data does play a crucial role in preparing a strong strategy and improving our performance, it can’t be presented or referred to as any sort of complete strategy. It’s just an ingredient, not the entire dish. Our desires can be considered as our aims, and our strategies should be built on the “hows” to achieve those desires. Here are some pivotal questions that you should ask while preparing any strategy: Does your business rely on limited products or services? What are the revenue–generating aspects of your business? Does your business revolve around a handful of clients or distribution channels? What are your priorities (internal and external) in terms...
Bolster Your Business Growth With Bookkeeping
Are you boggled with keeping track of your expenditures, income, tax records and financial transactions? If so, we are here to help you with our “Bookkeeping Assistance”. There is a common and widespread notion that bookkeeping and accountancy are interrelated or equivalent. But that isn’t true. While accountancy is essential for classifying, analyzing, interpreting, reporting and summarizing financial data, bookkeeping looks to day-to-day financial transactions or record-keeping in a chronological order. Bookkeeping provides us with manifold benefits, such as: Tax Deduction: It is easier to report revenue during tax filing. It helps us keep ourselves updated with any changes in tax deductions. Budget Analysis: Enterprises require data on revenue and expenditure to compare actual outcomes with projections in the annual budget. Bookkeeping helps us figure out whether a company is overspending or underspending with regard to its production. Payroll: It helps disburse the respective remunerations and render bonuses and commissions to employees. Financial Comparison: It provides the needed data to compare the performances of various fiscal years. The proverb “Prevention is better than cure” perfectly equates with your business. To ward off any financial crisis or miscalculated decisions, you need proper record keeping for your business. Your financial statements are medical reports of your company. To get effective and optimum results, you need to make it a routine practice. You can delegate your bookkeeping tasks to us and rely on our efficiency. We have a team of versatile and experienced Accountants. They are proficient with various accounting software such as QuickBooks and Xero etc. Focus on your growth and let us track your progress! For more details, please share...
18 Reasons Why Businesses Fail and Effective Solutions (Infographic)
Having a ride on the entrepreneurial roller coaster can be a tricky thing. While thriving on profit-making opportunities, business owners often fail to cope with new challenges. As a result, they find themselves at sixes and sevens and this is why businesses fail woefully. And in the worst scenarios, they can’t even figure out what actually went wrong! Sounds crazy, right? Of course, running a business is no easy task. But don’t worry folks! Today, you’re going to know the main reasons for which most businesses fail. Wondering how this would help you? By identifying the main reasons for which most businesses fail, it would be easier to avoid them proactively. And for your convenience, effective solutions to those complications are also lined up that no one is going to tell you before you actually get into dire straits. So: What are the major causes of business failure? Just keep reading… #1 Poor Management Skills Your business can fail if you don’t possess quality management skills. Whether it’s about financial aspects or man management, poor administration impairs the entire process. Eventually, the overall aesthetics of the business gets affected due to bad management. Here’s how you can make the best use of management skills: Make good management decisions Have the vision to lead your organization Hire right people to delegate responsibility Supervise staffs regularly Resolve critical issues quickly Management of a business encompasses several activities: planning, organizing, operating, directing and communicating. Do these things methodically to prevent business failure. #2 Misplaced Focus The focus is the art of converging your efforts into functional activities. Entrepreneurs often think about making...
20 Effective Ways to Keep Your Readers Engaged to Your Article (Infographic)
I am sure you will agree with me on this: It is painful for an author when his hard-work goes unnoticed, and readers completely ignore the effort that went into writing the article by going off the page in a mere span of 2 seconds. It hurts, right? Wouldn’t it be great if every person just could not help but remain engrossed while reading your article? I am sure it will be amazing for you if I tell you that following some easy steps will give you exactly what you were looking for all this while. Readers Attention! Today, readers not only want to be educated or enlightened by reading your article; they want to be entertained. The Simplest way to entertain them is by writing a high-quality content. Remember when you talk to your best friend? You listen. You ask. You laugh. What’s the bottom line? It’s an experience. Not just information. To make the readers part of your experience, you need to engage them right from the first letter and keep them engaged till the last letter. How will you build this Engagement with your Readers? It’s as simple as having a conversation. Now: There are quite a few BENEFITS if your Reader is listening to you: You drive more traffic to your page/content/website You position yourself as a good SPEAKER (not WRITER: remember? You are talking) It improves one-to-one relationship between your readers and you. As the Readers have vested their confidence in you, it gives you a more prominent voice. Want to know the best part in Engaging Your Readers? They keep coming back to...
11 SEO Techniques and Strategies for 2018 (Infographic)
In the age of digitization, taking your business online has been crucial. However, just going online is not enough to grab the attention of your target audience. Even if you maintain all sorts of professionalism in your business website, it would remain incomplete unless advanced SEO techniques and strategies are implemented tactically. Wondering what those tactics are? Today, you are going to know some of the best SEO techniques that will help improve your website’s optimization (and traffic) remarkably. These are the exact SEO strategies that have helped to boost our organic search engine traffic (unique visitor) by 35.36% in just 30 days. As you can see, utilizing the proper search engine optimization techniques boosts the traffic and ranking substantially. Therefore, it would be a smart ploy to use effective SEO techniques to increase your website traffic FAST. Just keep reading… (1) Make Your Site Super-Fast Web users don’t have that much patience to wait for websites, that take too much time to load. As a marketer, put yourself in the customers’ shoes and think about it: How long will you linger over a slow-loading site? Of course, not for long! Without speed, there is nothing. So, here’s the deal: Optimize the formats and responsive sizes of the media that you have uploaded onto your website, and eliminate loose links and pointless data that slows down loading time. Remember: it’s a race. And most importantly, Google has publicly confirmed that website loading speed is one of the major ranking factors that Google uses. You can use one of the following tools to check your website loading speed: Pingdom or GTmetrix...
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Digital Marketing and Its 13 Benefits to Drive Your Business Growth [Infographic]
Marketing is all about connecting with your audience in the right place at the right time. In the age of digitization, your best strategy would be to meet your customers online where they are already spending much time. Digital platforms are increasingly getting associated with marketing schemes and everyday life. In such circumstances, it’s essential to understand the key benefits of digital marketing. By incorporating technology-focused strategies into marketing, business owners can gain better outputs easily. So, What Exactly is Digital Marketing? Digital marketing is the promotion of products/services via various forms of electronic media, mainly based on the internet. Basically, the definition of digital marketing refers to all of your online marketing efforts. Many businesses have already experienced advantages of digital marketing over traditional marketing. Unlike traditional marketing, it involves the use of channels and methods for a proper understanding in the real-time scenario. Thus, organizations can analyze marketing campaigns and implement necessary steps accordingly. Regardless of what your company sells, digital marketing can work effectively for any industry. With digital marketing, you can see results much faster than you might with offline marketing. The interactive nature of digital marketing strategies helps companies to grow their client base in a short span of time. Are you still wondering why digital marketing is so important? If so, keep reading… Here are 13 advantages of digital marketing that will surely help you make the right decision for your business. (1) Strategize with The Valuable Data and Analytics With digital marketing, you can have an idea of the exact number of people who have viewed your website’s homepage in real time....
