Operations

Operations (149)

Nine Necessities for COVID-19 Business Survival

With commerce drying up and the entire service economy grinding to a halt in the wake of the ongoing COVID-19 pandemic, it is imperative that business leaders, from the captains of industry to mom and pop bakeries, take pains to navigate this crisis carefully and deliberately. This is not the time to panic. Businesses can survive this – and business leader, entrepreneur, and philanthropist Liz Elting can speak to how. Elting, who famously shepherded her company TransPerfect from a dorm-room startup into a billion-dollar enterprise through both 9/11 and the 2008 financial meltdown, knows how to handle a growing and unpredictable crisis and wants to help businesses overcome this challenge.

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Does Your Business Need Voice Services?

If your business is feeling overwhelmed by phone calls, hiring an answering service, virtual receptionist, or call center can alleviate problems and improve customer and employee satisfaction. Although chatbots and text can help with some customer needs such as appointment-setting and bill-paying, the need for human voice communication is critical to the success of any business.

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Is Alibaba Safe?

Low production costs equal a higher margin – something that any business savvy company strives for. To do this they often turn to questionable suppliers or opt for inferior material. Other times they elect to buy supplies in bulk – as many suppliers offer a discount the more of the same item that is purchased all at once.  While Amazon, and E-bay are popular e-commerce destinations for bulk supplies – Alibaba, a Chinese B2B online commerce company that specializes in bulk shipments and cheap prices is becoming well known in the global community as the one-stop-shop for all B2B supplies. But with accusations of scam artists, wrong items, and delayed shipments it has left many companies wondering about the safety of Alibaba.

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Develop These 6 Skills to Make Your Business Better

Running your own small business in this age of fierce competition has lots of responsibilities attached. This is even harder when everything is at its initial stages. As such, having some knowledge on how to effectively run operations may come in handy as it allows you to understand necessary aspects of business operations. Such knowledge will also enable you to make your business successful and turn you into a good manager. Below are six skills that can help you make your business better according to the Young Entrepreneurs Council.

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Are Growing Pains Afflicting Your Business? How To Successfully Scale Your Company

Ambitious entrepreneurs often are determined to grow their businesses by expanding into new areas, adding new products, and increasing the size of their workforce. But growth comes with potential hazards, which is why one of the leading causes of business failure is overexpansion – growing too much too fast.

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Tips to Winning Your Small Claims Case

Whether you are the plaintiff or defendant – small claims court is both intimidating and nerve-wracking. You may feel anxious, intimidated, and helpless as you get ready to plead (or defend) your case. While each small claims case is different there are things that you can do to be better prepared for your day in court. Here is a check list of five details to pay attention to before and during your day at court.

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Businesses Must Adjust To Climate Change; 5 Ways Toward Sustainability

As climate change causes worldwide concern and prompts calls for governmental action, consumers are putting the onus on businesses to step up their sustainability standards and practices. A Nielsen survey, for example, showed that 81 percent of global consumers feel companies should help improve the environment. And with governments across the globe struggling to reach an international consensus on climate change, close observers of business and the environment, along with a high number of CEOs, agree: Private industry should take the lead in driving sustainability.

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The 5 C’s That Can Help Businesses Ride Out Tough Times

With corporate CFOs expressing worries that 2020 could bring a recession, businesses small and large know they need to hope for the best, and brace for the worst. But, as important as business savvy and financial expertise can be in riding out difficult times, other traits also come into play and may be just as essential, says Marsha Friedman, a successful entrepreneur who still leads a business she launched three decades ago.

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The Difficulty And Benefits Of Instituting SOPs

Why do some people feel SOP is a bad word? Why would anyone resist a standard operating procedure (SOP)? Committing a procedure to paper seems to make sense, but then there are complaints like, “We need to stay nimble,” “I already know how to do it,” or “It's too complicated to put into words.”

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Why Teaching Employees Your Company Financials Is A Winning Formula

In many businesses a wide gulf exists between ownership and the workforce, a disconnect that can leave employees feeling undervalued and wanting to leave. The high cost of replacing them means it’s important to find ways to retain the best performers, and studies show that transparency and education from the top can be a solution, boosting employee engagement and motivation.

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