Balancing the Books: Easy Ways Your Business Can Save Money and Boost Efficiency

Making money is one of the most important objectives in business. To generate profits, you don’t just have to bring in the orders. You also have to be able to balance the books. There’s no use in selling hundreds of units per day if your overheads are so high that you emerge with virtually nothing at the end of the month. If you’re hoping to create a more cost-effective and efficient business, these hacks should prove helpful.

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Making the most of technology

Technology has revolutionised the way we do business. From speeding up the manufacturing process to saving money on marketing, most modern companies are heavily reliant on the latest technological innovations. Cutting-edge technology can be expensive, but sometimes, it’s worth investing in the latest systems to save you both time and money in the long-term.

Determine new ways of working together, for example. In the past, you had to travel to a chosen location to have a meeting with colleagues, clients, buyers or investors. Today, you can make Internet calls or even participate in a video conference thanks to VoIP solutions and desktop and mobile applications.

Think of the money you could save by eliminating travel and transport costs, as well as the time you save. A single call could save you hundreds, even thousands of dollars and hours of travel time. Manufacturing is another area where technology can make your business much more cost-effective.

Consider carefully about your staffing structure and whether investing in technology could improve productivity at a lower cost.

Planning ahead

Unexpected costs can have dire consequences for small businesses, so try and plan ahead wherever possible. Sometimes, disasters are inevitable, but having contingency plans in place can save you cash and ensure you can bounce back quickly. It’s a good idea to have access to IT experts and to make sure you have the relevant insurance policies to protect you.

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Going green

Many businesses are keen to go green for environmental reasons, but being more eco-friendly can also help you cut costs. Saving energy and water, using recycled materials and switching to energy-efficient appliances can all help you to save money while also doing your bit for the planet. Swap traditional bulbs for energy-saving bulbs, install sensors to reduce electricity consumption and avoid leaving appliances on standby.

Encouraging communication

Time is money, and good communication can help your business to run smoothly. Encourage employees to talk to each other, keep the channels of communication between different offices and branches open and make it easy for people to get in touch. In this day and age, you can interact through all kinds of different media, so a breakdown in communication should never be an excuse.

Every business owner dreams of running a cost-effective business like clockwork. If you’re searching for ways to save money and time and make your company more efficient, it’s worth looking at where you spend money, and how you can scale back the overheads to balance the books more effectively.

Efficiency Gains: How to Be a Smooth Operator in Business

If you run a business and you’re keen to make your company successful, you’ll soon learn that being efficient is vital. To stay afloat, you need to generate profits, and the more efficiently you can work, the higher the chance of staying in the black and increasing sales. If you’re eager to make efficiency gains, here are some suggestions.

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Investing in technology

Technology has a range of benefits for modern businesses, but one of the main advantages is that it enables us to carry out jobs faster and more accurately and affordably. The way we work has changed in the last decade, let alone the last century, and we’re more reliant on technology than ever before. If your business is behind the times in terms of technology, you may struggle to compete, and you might find that your profit margins are smaller.

If you’ve got slow-running systems or sites that keep crashing, get in touch with firms like ProviDyn, Inc. and identify ways you could create a smoother, more efficient operation. If you don’t already utilise the latest systems, you could save yourself a lot of time and money and make sure you’re able to compete with tech-savvy rivals.

Getting your team on board

Although we depend on technology, the vast majority of businesses are also reliant on a strong team pulling together to achieve goals. It’s well-documented that a happy team is a productive team, so it’s always a good idea to think about how you could make your employees more efficient. If you’ve got a group of people working at 50 percent, instead of 100 percent, this is going to make a difference.

Make sure your team has the equipment and tools it needs to do the job quickly and effectively, foster a positive working environment, and ask for ideas and opinions about how you could improve the working day. Be clear when you’re setting goals or outlining objectives, and give your employees incentives to work hard.

They may feel like there’s no point in trying really hard if their efforts are never rewarded. Encourage collaboration and cooperation, and make it easy for people to work together, regardless of whether they’re in the office, at a meeting elsewhere or at home.

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Streamlining your processes

In business, the main aim is to make money by giving customers what they want. Make sure you have the necessary processes in place to make this happen and eliminate any additional stages or costs that are not required. Focus on getting the job done and identify cost-saving measures.

When you’re a business owner, the ultimate aim is to make money. If you can’t get the registers ringing, you’re going to struggle to keep the ship afloat. Driving sales is not the only means of making your venture profitable.

It’s also important to keep an eye on overheads and to take steps to make your business more efficient and productive. Saving money will increase your profits and give you a much better chance of keeping your head above water.

Waste Not Want Not: How To Make Your Business Just A Little Bit Greener

There are a lot of different things that you need to do in order for your business to be relevant in the modern world. You need to keep up with technological advances; you need to be aware of social changes, not to mention many other things. However, there’s one thing that’s incredibly important that far too many newer businesses have a tendency to forget about: their environmental impact. If you’re not paying attention to your business’s impact on the environment, then your business doesn’t belong in the modern world. With that in mind, here are some ways to make your business just a little bit greener.

Don’t forget about electronic waste

When it comes to recycling, there are plenty of things that jump to mind. Paper and plastic recycling are probably things that you already do in your business. But it’s important to remember that there’s one kind of waste that is becoming more and more of a concern for many businesses in the internet age: electronic waste.

Electronics recycling might not be on your agenda right now, but it’s steadily becoming more and more important as more and more businesses embrace technology. This is especially important because a huge percentage of electronic waste ends up going to landfill, releasing toxic fumes into the environment.

Embrace remote working

One of the biggest issues that many businesses run into when they’re attempting to make themselves more environmentally friendly is the sheer amount of energy that they use on a day-to-day basis.

However, one way that you can avoid using so much energy, as well as potentially increase the overall efficiency of your business is remote working. By having many of your staff members offsite, you don’t have to worry about powering nearly as much equipment and can even move to a smaller office since you won’t require nearly as much space.

Make it everyone’s responsibility

Of course, there’s a good chance that you’re still going to require on-site staff and it’s crucial that you remind them that the environmental impact of the business is everyone’s responsibility. Sure, implementing strategies on a company-wide level is all well and good, but if you can’t rely on your employees to put those strategies into practice, then it’s not going to be worth very much.

The best place to start is with yourself. Show your employees that everyone should be involved in making the business environmentally friendly. Being able to see you practice what you preach can often make your employees much more likely to follow your instructions willingly.

While there’s no doubt that all of us should be acutely aware of our impact on the world around us, it also has an impact on your customers. If your customers aren’t able to see you taking care to reduce your environmental impact, that could be a reason why they decide to overlook your business in favor of your competition. Make sure that you’re open and clear about everything that your business does in order to be as green as possible.

Google announces its play to become a wireless service provider

They already make smartphones (Nexus) and one of the leading smartphone Operating System (Android). It makes the perfect market entry and pivot don’t you think? Not quite.

According to Sundar Pichai, Senior Vice President at Google, the plan is to do some experimentation and possibly get established mobile virtual network operators (MVNO) to implement some of Google’s best practices.

Although initial plans are to be small scale, the approach will be to purchase wholesale access from it’s carrier partners Sprint and T-Mobile and sell back to its own customers. I guess the long and short of it is don’t expect Google to become a giant MVNO anytime soon. Still, it’s exciting to think of Google as added competition and a possible industry disruptor.

Herjavec Group Expands Into Europe with Acquisition of Sysec LTD

TORONTO, CANADA & LONDON, UK- FEBRUARY 3, 2015– Robert Herjavec, Founder and CEO of Herjavec Group and star of ABC’s Emmy Award-winning hit show Shark Tank, announces the acquisition of Sysec™, a leading IT security solutions provider headquartered in the United Kingdom and the 2014 McAfee EMEA Accredited Certified Engineer (ACE) Partner of the Year. Sysec specializes in information, identity and infrastructure security, offering managed, consulting and professional services to over 200 enterprise clients across the United Kingdom and Europe. Sysec is forecasted to achieve over $20 million in sales revenue for 2015 and has developed a reputation for outstanding technical engineering talent. By acquiring Sysec, Herjavec Group expands its presence in the European IT security market and is well positioned to service its growing multinational customer base.

The Sysec transaction accelerates Herjavec Group’s 3-year, $250 million expansion plan. “We started as a small Canadian firm and have grown exponentially over the past twelve years to 250 team members and $140 million in annual sales revenue,” says Herjavec. “We recognize that the threat of cybercrime is a global challenge and this acquisition provides the platform for Herjavec Group to support our clients overseas with exceptional, localized, managed services 24/7/365”

Sysec’s office in Reading, UK will now serve as Herjavec Group’s European headquarters. The firm will be rebranded as Herjavec Group and continue to expand its product and service offerings throughout the United Kingdom and Europe. Cris Pikes, Sysec’s Managing Director, who will lead Herjavec Group’s European expansion remarks, “Herjavec Group is a world-class information security organization that shares Sysec’s high-touch, customer-first approach. I am confident Herjavec Group will take our managed services practice to the next level.”

The acquisition facilitates Herjavec Group’s plans to complete its “follow-the-sun” technical support structure by developing a London-based Security Operations Centre (SOC) to complement the comprehensive support offered from its world-class, Payment Card Industry (PCI) compliant, Toronto-based SOC and its technical security centre in Las Vegas, Nevada. In addition, Herjavec Group expects to finalize construction of its Los Angeles, California SOC by close of Q1 2015.

“The work we do in enabling enterprises to be more secure has never had a greater focus on a global scale,” says Herjavec. “I am so pleased to embark on our expansion into Europe and welcome the Sysec team to Herjavec Group.”

About Herjavec Group
Dynamic IT entrepreneur Robert Herjavec founded Herjavec Group in 2003, and it quickly became one of North America’s fastest-growing technology companies, accelerating from $400K to $140 million in sales annually over 12 years. Herjavec Group delivers managed security services globally supported by a state-of-the-art, PCI compliant Security Operations Centre (SOC), operated 24/7/365 by certified security professionals. This expertise is coupled with a leadership position across a wide range of functions including compliance, risk management & incident response. Herjavec Group has offices globally including three headquarters in Toronto (Canada), New York City (USA) and Reading (United Kingdom).

For more information, visit www.herjavecgroup.com.

SOURCE The Herjavec Group

Microsoft Introduces to the World its HoloLens

“The era of holographic computing is here.

When you change the way you see the world,
you can change the world you see.”

Game on! Microsoft pretty much just took design and an endless list of other applications to a whole new frontier.

Have a peek at what their new HoloLens can do, enabled by the new Windows 10.

James Dyson: His Inventions Have Never “Sucked”!

When you think of the word innovation, which entrepreneur comes to mind? Was one of those names Steve Jobs? Maybe even Richard Branson or hot-shot modern day “Iron Man”, Elon Musk? But there’s one man who is a leader in innovation and who in my opinion doesn’t quite get the recognition he deserves.

Sir James Dyson is a British inventor, engineer, designer, and business leader and perhaps best known for his vacuums that it “will never lose suction” and his bladeless fan under his private company, Dyson Limited (founded in 1993). The mere thought of both inventions is enough to end this blog at this line. There are very few entrepreneurs and industry leaders cooler than Dyson.

The Ballbarrow in what looks like a '70s advertisement
The Ballbarrow in what looks like a ’70s advertisement

In his early years he realised how everyday problems could be solved by coming up with better and more practical solutions. Take for instance his “ballbarrow” invented in 1974, after watching a traditional wheelbarrow get stuck in muddy ground. Why didn’t I think of that?! It was pure genius. Such a “simple” idea, but yet it required complex thinking.

Dyson is renowned for being meticulous,  he once created a total of 5,127 prototypes for what later became the DC01, his first machine, the vacuum cleaner, developed in a workshop behind his house between 1979 and 1984. You do the math on the annual average of prototypes!

Most recently, Dyson released its Dyson 360 Eye, a robot vacuum cleaner capable of cleaning any space effectively and efficiently by tracking its own movements from where its been to where its going next.

I was good just drying my hands in a public restroom with the hot air from those hand-dryers and I accepted that as the norm. Then Dyson creates the Airblade! Just like that, everything else seems mediocre. That’s what I admire most about James Dyson — he has a way of creating solutions to everyday problems. Like he once said, “you have to distinguish between what people say they want now and what people might want when they see what it can do”.

I’ll say this much, I couldn’t imagine living in a world without bagless vacuum cleaners.