If you’ve taken the initiative to start your own business, you probably possess many of the qualities that make a successful entrepreneur, be it confidence, discipline, passion or creativity. These are important and valuable qualities to have. But in the frenetic digital age, keeping up with the competition requires more than just an effective human input.
Knowing how to leverage the power of today’s online tools can save your business an invaluable amount of time and money. It can help you find insights into how you can optimise, grow and become a leader in your industry. Let’s take a look at 5 types of these online tools and what they can do for your business.
Overpriced monthly bills can quickly eat away at your bottom line. From insurance to internet to licensing, chances are that there’s at least one you can cut down on. Online tools make this easy. For instance, Utility Bidder offers cheap electricity for small business by allowing you to compare prices between different suppliers in the UK.
Modern finance and accounting tools can help you get a better picture of your company’s financial health and streamline or even automate many daily operations. For instance, Gusto improves the efficiency of tasks such as tax reporting, payroll and benefits. The app can also automate payments and manage employee onboarding processes.
Wave is aimed at sole proprietors and independent contractors who need an expense tracking, invoice management, receipt scanning and general accounting tool that will save them time. Freshbooks is another popular accounting tool with features such as automated billing, custom report creation and the ability to accept mobile card payments.
With the variety of communication tools available on the market today, particularly those that are cloud-based, you can leverage them to commute less often, employ remote workers and develop more effective communication channels within your business. A great example is Slack, a messaging platform that aims to improve collaboration between teams.
According to Statista, there will be 4.3 billion email users by 2022. Email marketing also happens to offer an unmatched return on investment potential. So, if you aren’t already using it, now is the time. Even if you have no experience in email marketing, there are many tools available to help you set up an effective campaign.
This includes the likes of Constant Contact, SendinBlue and Mailchimp. These tools will help you create powerful templates, stay in touch with subscribers, dispatch newsletters at optimal times, set up automatic responses, and increase your conversion rate. They also provide an array of statistics that will help you improve your campaigns.
Traditional project management solutions are nothing more than paperweights compared to today’s digital alternatives. The likes of Accelo, Smartsheet and Zoho Projects allow you to keep your daily operations on a single platform, helping you monitor and allocate your resources more effectively.
Starting your own business is a great way to achieve financial independence and become your own boss, though it is full of challenges and can involve a lot of investment.
Basing a business around a vehicle is a great way to start out, and can often be very lucrative. With just a driving licence and a small amount of start-up money, you can change your life and run your own business.
Here is a quick guide to five of the most in demand businesses that you can start with a vehicle. It will still take a lot of hard work and dedication, but very quickly you can become your own boss, and work for yourself and choose your own hours.
Work as a Taxi or Uber Driver
Working as a taxi driver can be very profitable, especially if you live in a large city with an airport and people visiting for business or tourism.
Services like Uber and Lyft have become very popular in the last few years, and working for one of these companies is a great way to start a business with a vehicle.
Operate a Recovery Vehicle
Recovery vehicles are always in high demand to help rescue stranded vehicles that have broken down, or help the emergency services clear the roads of vehicles after an accident.
You don’t need to have mechanical experience, just a large recovery truck with the right equipment to help you get the job done safely. You can buy things like light bars and hydraulic lifts from companies like RVL. The vehicles can be expensive, but they are a great investment that pay for themselves very quickly.
Be a Man with a Van
If you have a large vehicle like a van, or the means to buy one, then starting a ‘man with a van’ service is a very profitable way to start your own business.
Every day, thousands of people find themselves looking for a man with a van to help them move house, and businesses often need help transporting large goods or orders to their customers. If you offer a reliable and helpful service, word will soon get around, and you will find yourself with more clients than you can handle.
Transport Medical Supplies for Hospitals Services
Hospitals use a number of private services to move supplies and equipment to their various sites, or pick up emergency supplies from central storage facilities like blood banks.
Contracts for these services can be very lucrative, and you also get a personal reward from helping our hospitals care and provide for the community. A motorbike can be all you need to start transporting blood supplies and samples to where they are needed most.
Become a Private Driver for a Limousine Service
Thousands of companies across the country use private driving services to get their executives to meetings and conferences around the country.
With a high-quality vehicle that is comfortable and well equipped, you can find yourself travelling the country on long trips with powerful elites who need to visit their company’s various sites.
Hopefully this quick guide has given you some inspiration and useful information to take control of your finances and start your own business to become your own boss. The keys to your vehicle may open the door to the next chapter of your life.
Whilst there are some elements of business insurance that are required legally, there are also many additional options that may seem as though you are paying over the odds while your business is running smoothly. That is of course until you are faced with a situation where you are thankful to have the financial backup provided by good business insurance. Whilst it would be nice to predict the future, no one can tell when these disasters may strike, and it is much more comforting to know you can carry on with business as usual in such situations.
Here Doug Kelly, Director of Bluedrop Services insurance brokers, discusses some of the main benefits of having business insurance and why is it needed.
Providing protection against being sued
If you are unfortunate enough to find yourself caught up in a liability claim, business insurance will cover the significant costs involved. Even if you are not at fault the cost and damage to your reputation could be fatal to the continuation of your business. Whether it be from an accident, disgruntled employee, or a product safety issue, there are so many potential scenarios that can land you in this situation particularly with liability claims being so common these days. As any astute business owner knows, operating without insurance isn't a risk worth taking. About claims and other legal disputes that may occur during performing a business, here is a useful resource: defencesolicitorslondon.co.uk.
Keeps your employees protected
Whilst you do legally need to keep your employees protected with employer’s liability insurance, it is also important to remember they are your best asset and deserve additional compensation protection. Employer’s liability insurance doesn't just protect those on your payroll, but also covers any contractors, interns or freelance staff while working at your offices too. It's worth noting, when taking out this policy that employer's liability insurance is a legal requirement and that £5 million is the legal minimum cover level for employer's liability insurance.
Good business insurance and additional benefits such as health insurance will help to keep your team in good health as well as attracting and retaining your staff. Perhaps there are also key personnel that you should consider insuring individually should something happen to take them out of the picture when their presence is crucial to the business.
Some client contracts will demand it
If your business provides a professional service, there may be some clients that will require you to have specific insurances such as professional indemnity insurance. This provides them with the peace of mind that they will be compensated should anything go wrong or they be advised incorrectly. It provides a guarantee that you have the financial means to back up your professional work and makes relying on your services less of a gamble. Professional Indemnity, otherwise known as Errors and Omissions insurance, will ensure you are covered for legal and defence costs as well as court costs and any settlement fees that may be involved.
It can help prevent business closure
In the event of a disaster or claim, business insurance will help to recover your property and equipment whether it be from natural disaster or theft. Often it can take months or even a couple of years to recover following this type of disaster and in those situations business interruption insurance will cover your loss of income during the period it takes to get you back up and running. Without this, many businesses (up to 40%) fail to re-open.
Business interruption insurance is a key component of any business continuity plan. Whilst your standard commercial insurance will cover you for your premises and contents should disaster strike, business interruption insurance is there to cover your loss of income suffered during the period it takes to get you back up and running.
Protects your physical assets
All too often a business can suffer loss from natural disaster such as burst pipes or weather damage or even theft of your equipment. With a good insurance policy to cover your buildings and contents insurance you won’t need to worry about replacing or repairing your much needed and relied on assets.
Whether you run an office, retail outlet, pub, restaurant, hotel or factory, the value of your business contents is likely to be substantial, with a great deal of your assets being tied up in your premises. If these assets aren’t insured correctly, this could affect the day to day running and the immediate revenue of your business.
Properly insuring your business will mean you can rest easy knowing you are protected. By approaching an experienced broker they will ensure you are fully covered, have access to top rated insurers and can guarantee you aren’t paying over the odds.
For more information read our guide to deciding the right level of business insurance.
You need to market your brands for them to be well-known and easily recognized in today’s markets, which are flooded with many other similar brands. Custom business bags are some of the tools that your business can use to create awareness about its brands and itself as well as foster stronger relationships with existing and prospective customers. These bags are versatile, which enables them to be used in almost all events or marketing campaigns. They also give good returns on investment by reaching so many people thanks to their longer life and because they are carried to various places.
Here are some reasons that make custom business bags great for marketing your brand.
They are customisable
Do you want a marketing tool that is unique to your brand or that you can make to suit specific clients? Well, look no further than custom business bags. You have a wide variety of designs, sizes, and colours among other factors to choose from to come up with very unique bags. Such unique bags will not only help you to display or communicate your branding message effectively but will also prove to be functional and handy carrier bags for the customers or those who receive them.
Every customer will find them useful
The need for shopping bags is evident from the statistics that show that approximately one person in the US uses 350-500 disposable shopping bags a year. If your business makes reusable custom business bags, then it will have given customers something that they need and will find useful. It will also have promoted your brand.
They enable customers to always remember your brand
Whenever a customer has needs to satisfy, they will typically go for the brand that is at the top of their mind. That is the importance of brand recall or remembrance. With so many competing brands, you need to capture the attention of your customers and keep reminding them of your brand. Nothing does that better than custom business bags such as branded backpacks.
Wide exposure to your brand
As the customers utilize the bags for marketing your brand, they will be disseminating your branding message to all those that they meet wherever they go. Your brand will get seen by family, friends, colleagues, strangers, and everyone else who sees the bags. Furthermore, these bags last several years, so they go on creating awareness about your brand for a long time.
They are cost-effective
You want a marketing tool for your brand that will be within your budget and have a huge impact, right? Then custom business bags are your best bet. Compared to TV, online, and print ads, bags are far cheaper yet still very effective due to the large audience that they reach. So, the bags meet a real need or have a functional use and at the same time are effective brand marketing tools.
Custom business bags are effective marketing tools for your brand since they appeal to all customers due to their practical use, and they can be used for different businesses and marketing campaigns. Moreover, the bags help businesses to promote their green goals, thus forming part of the company's environmental conservation efforts. Make use of these tools and see your brand get incredible awareness that will translate to more sales and bigger profits.
Like any other service, healthcare should be taken with absolute seriousness to ensure that patients find the satisfaction and experience they deserve. The best way to do so is by offering patients quality customer service to show your value and care. While there are numerous ways to do so, here are top tips and tricks to increase efficiency and customer service quality in healthcare organizations.
Among the effective ways to improve your healthcare service efficiency and promote better customer service is through RCM solutions. Outsourcing these services makes it even easier and helps you save time, money, enhances accuracy and ability to meet deadlines. However, with so many RCM solutions service providers out there, picking a company to fully trust is the main challenge. Here are a few tips to make your search easier and more manageable.
Select a Vendor Who Will Offer You High Returns on Investment
The first tip is to choose a reasonably-priced RCM solutions vendor. This is especially crucial for small healthcare businesses that are just trying to rise. You do not want to end up spending all your revenue on this to a point where the services cannot bring you any profits. While outsourcing revenue cycle management is a wise idea, sometimes it could harm your healthcare business if you do it without a plan. Set a budget first and then choose a vendor who perfectly fits, and one who can offer quality services to help maximize your returns.
Consider the Experience and Expertise
When you decide to outsource these services, the goal is to partner with someone who can offer better services than an in-house team. You need a provider who is well-versed in a range of matters such as medical billing and coding. This is a sensitive field, and you definitely cannot afford to make any errors. Consider the experience of the provider and how long they have been offering the services. The longer they have been in the market, the higher the chances that they have acquired the necessary expertise to provide you with the best quality services.
Check the Technology Used
You need a vendor with the right technology solutions that will synchronize with and meet your needs. You can do this by checking the features and functionalities of the providers system. You should note that some revenue cycle management providers only use software for some tasks and leave out others. You should select a fully-automated provider for seamless operations and enhanced effectiveness. This will also promote convenience while saving your time and ensuring timely completion of tasks.
Their Customer Support
Choose a partner who is willing to communicate regularly and report on everything that takes place. This will not only help improve your financial aspects, but it also ensures that the providers are accountable for everything they do.
Finding the right RCM solutions provider is the most crucial step towards improving efficiency, save time, money, and improve customer service in your healthcare organization. Take your time and find a partner you can trust and one who can fully meet your needs.