Category: Starting A Business

Office Needs Constant Monitoring

Five Reasons Your Office Needs Constant Monitoring

eurologoStarting A Business

If you own or manage an office building or other commercial premises, the chances are that you’re already using a security system. This may include simple alarms, video surveillance or even higher-end monitoring systems.

However, most businesses don’t use any security alarm monitoring system. This can lead to all kinds of problems, as break-ins and vandalism are often discovered after they have occurred.

Installing an alarm monitoring system like the domestic equivalent – a home security system will protect you in real-time. Any intrusion will result in an instant notification to your phone or computer, and you will be able to deal with it fast and efficiently.

With this in mind, we’ve compiled the following list of the top five reasons why you should seriously consider installing an alarm monitoring system for your office – if you don’t already have one.

  1. Look After Your Business Assets

Installing some sort of alarm monitoring system will help secure your business assets. If your premises are monitored at all times, the chances of being broken into or vandalised drop dramatically.

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3 Strategies for Making New Team Members Feel Welcome

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As a owner or manager of a business or have received professional business advice, you probably already understand how important building team work and the development of a cohesive workplace is. Unfortunately, integrating new team members into your team can be difficult, especially if your core group has been working together for some time.

Luckily, there are a few things you can do to make this integration process easier, whether it be organising a team building event at a venue such as ten-pin bowling, axe throwing, or an escape room; or providing help around the workplace during work hours. We’ve drawn on our experience and first hand knowledge to bring your three of our favourite strategies for making new team members feel welcome around the workplace. These include:

  1. Provide a Mentor

For us, the very first thing you should do is connect each new employee with a mentor who they can speak with when they have concerns and questions. Additionally, this will help your new employees integrate and become a part of your team, giving them personal and business advice.

When you’re choosing someone to become a mentor, consider the following:

  • Pick someone who is talkative and easy to get along with.
  • A good mentor is someone who has been with your business for sometime and knows common workplace processes inside out.
  • Try and pair new employees with mentors that you think they will get along with.

Ultimately, choosing a mentor for your new employees shouldn’t be too difficult, but it’s definitely worth putting some time and effort into.

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Well-Maintained Car

5 Reasons Why A Well-Maintained Car Is Essential For Your Business

eurologoStarting A Business

Many businesses throughout the world rely on their vehicles in some way. Some businesses, like taxi companies or trucking lines, are built around vehicles, while others use them in more subtle manners. However, the truth is that almost every business relies on some sort of vehicle in some way.

If you want your business to run smoothly, your vehicles need to run smoothly. For example, a regular Mercedes Benz service is a must if you use luxury vehicles, otherwise there will be a much higher chance of them breaking down unexpectedly.

Here is a list of their top 5 reasons why a well maintained car is essential for your business. They include:

  1. Time Is Money

I’m sure you’ve heard someone say this before. It’s true, time is money. There’s nothing worse than having your car break down while you’re in the middle of a delivery or on the way to an important meeting. Keeping your company cars well maintained will help you make the most of your time.

  1. Unreliable Service Can Turn Clients Off

If you want to become known as a leader in your field – no matter what that field is – you need to be reliable. Having your car breakdown or make funny noises when you’re on the way to meet a client or drop something off is not a good indicator of reliability. Make sure that you service your company vehicles regularly, otherwise potential clients will likely take their business elsewhere.

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Bookkeeping Software

What Sort Of Bookkeeping Software Should I Be Using?

eurologoStarting A Business

When it comes to record keeping or bookkeeping for your business or company, decent computer software can make the process a lot easier. In the past, most records were kept on paper in a filing cabinet or in files. However, this leaves them susceptible to things like fires and water damages. Physical records can also take up a lot of space, especially after a couple of years.

In the modern age of technology, more and more people are choosing to keep electronic records rather than physical ones. When it comes to doing this, there are a whole lot of different computer programs out there that are designed to make it easier than ever to keep accurate, useful records. Some of the more popular include:

Xero:

Xero is undoubtedly one of the best, if not the best accounting program out there. It is used by small businesses everywhere every single day. Although it was originally designed to be used solely by businesses to keep records, it has recently been upgraded to include functionalities that allow accountants to import a client’s records directly.

One of the main downsides of Xero is its cost. For any sort of decent bookkeeping functionality, you will have to pay upwards of $50 per month, which is understandably out of some people’s price range. However, it does comes with a free trial, so it could be worth testing out before you buy.

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Common Legal Issues Faced by Tech Startups

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Prevention is better than Cure. Therefore, if you would like to avoid the need to hire a law firm, be wise and learn in time the common legal issues faced by tech start-ups to avoid all upcoming legal problems.

For tech start-ups, there is already so much going on in the early stages of their business that they become oblivious to some really important legal issues. These issues can become soul crushing mistakes and pose serious threats to your business, resulting in its failure.

However, it’s not that these issues are impossible or complex to handle. But because these are overlooked while dealing with other affairs of your start-up company, you ultimately forget them and later face unbearable consequences.

So here’re some of the lawyers issues highlighted for tech start-ups to help you save your company from legal issues and expensive lawyers which could permanently ruin your great idea.

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Legal/Ethical Issues to Consider When Starting a Business

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When starting a business, there are numerous ethical and legal issues that must be considered by a business owner. Taking legal and ethical issues into account in the beginning of your business doesn’t only ensure your quick progress but it also provides your business with long-term benefits.

But in this fast paced world of today, startup companies concentrate more on their clientele instead of making policies for their company. This has been one of the main flaws, which has greatly affected the performance and progress of new-born businesses. There are, however, some other legal issues as well that businesses must try to avoid. These are:

Not Getting Business Licenses

Business licenses are the permit from the government of your country. Without getting a legal work permit, there is no authenticity of your business. So being caught up in challenges of a new business, ignoring this legal document can halt your business activities permanently. You must consider the collection of business license as your first priority.

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Common trademark issues – What your Business Needs to Know

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Branding your business through a trademark is one of the most common business techniques, yet one with proven effectiveness. Every company or business in Australia has its trademark, serving as the differentiating factor between brands. This is the identity of your brand and encompasses all aspects of your business. This branding strategy ensures your brand’s and business’ protection. Therefore, you must take certain trademark issues into account before finalizing one for your company.

According to Dr. Linus Pauling, the famous American chemist, ‘The best way to have a good idea is to have a lot of ideas’. So, do not linger on just one idea. Look for more ideas and you will be flooded with hundreds of them. Ponder over the pros and cons of each, then choose the best.

Selecting a Trademark without Research

Even the most professional businesspeople, at times, jump into the decision to finalize their trademark, skipping all the research, brushing it all off as mere formalities. What if, after all the work that goes into designing and registering a trademark, you find out that some other company is already using a similar one? You certainly won’t be able to use it then, essentially rendering all of the effort and time that went into the process useless.

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Choosing the Right Ownership Structure for Your Business

eurologoBusiness Law

A business startup is actually incomplete without the decision of its structure. The structure of a business has a lot to say about its legal position and size of the organization and number of members (with every option having its own set of details). It is highly important to keep in consideration all the pros and cons associated with the options so the decision could be made keeping in view all the necessary aspects. The amount of formalities, taxation and liabilities all depend on the type of business structure that is selected.

The nature of business and its future goals also play an important role in selection of business structure. There are three main types of business structures widely followed.

Sole Proprietorship

The one man show – Sole proprietorship is said to be the simplest business structure. It is also one of the most common forms of business as it is easy to form and dissolve; also the proceedings are rather simple and not much regulations to follow. Not only it is simple to form, it also seldom gets complicated if run smoothly. But the sole proprietor is responsible and personally liable for any loss, as he/she benefits from all the profits.

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Debt collection for small business owners – The legal implications

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Businesses keep a certain amount of funding for bad debts or contingencies. However, too much of everything hurts, especially bad debts. Bad debt collection is a problem for small businesses that need majority of their time focusing on the core functions instead of running after the debtors, while debtors prolong the time with brush off emails and calls going straight to voice mails.  Debt collection becomes a difficult task for small businesses that have limited time and resources for growth and stability.

There are customers or clients that are not habitually debt defaulters but fail to comply with the agreed dates for genuine reasons. While some customers/clients either go by not paying off at all or paying in small chunks causing trouble (with delayed payments)- in both the cases, your business needs to pool in efforts for debt collection which is both time consuming and frustrating.

How to Avoid Bad Debts?

Bad debts could not be avoided by 100%; however the chances of it could be reduced with some of the tactics by business, such as:

  • Keep the due date lists organized and marked on calendar. Also, list the due dates on all the bills for a reminder for both parties.
  • Abide by strict payment policies that could include late payment fee and surcharges (include this in your policy so the debtors may know).
  • Ask for half of the amount in advance so if the debt is never paid back, it’s only half of the total amount.
  • Keep constant contact with the client, via phone, mails or face to face meetings.

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Botox-Treatment

How Botox treatment Can Help Your Business Career

eurologoStarting A Business

Botox treatment from a medical practice such as botox are great for removing crow’s feet and other lines on the face that make you look older or as if you are frowning when you’re not. The latter is important if you are working in sales or have to deal with the public in any way.  Frowning denotes disapproval or may warn people you are having a bad day and to be careful around you.  Many people tend to be put off or even afraid when the person they are dealing with seems to be constantly frowning.

Even when you smile, without treatment those frown lines come back very quickly, so the person you are dealing with is then getting mixed messages.  Closing a sale may not be possible due to this simple fact.  Even your boss may pass you over for a promotion if you seem to be frowning all the time.

You can be proactive and have something done to remove those frown lines and smooth out your facial expression so the true you shows through.  Once you decide to go ahead, it’s important to know your cosmetic surgeon is trained to Australian standards.  That way your Botox treatment is far more likely to have the effect you desire.

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