A business plan needs to be very flexible and adaptable to any changes, which may arise along the way. Rigid business plans do not work well, especially where you are determined to grow. You will run out of options if, at any given time, you are faced with unexpected challenges. It will be very different if you had a dynamic business plan initially. This is...
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Although Bitcoin is a simple implementation of the blockchain, it was the first real application of this technology. While the blockchain has become very popular because of its role in cryptocurrency ( such as Bitcoin, Ethereum, etc. ), industries such as real estate, healthcare, insurance, record systems and even sports ticketing can be disrupted. In short, the blockchain offers a distributed, authenticated messaging system that tracks...
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While blockchain technology was initially seen for its revolutionary way of handle financial transactions, it can be used for far more. The buzz surrounding blockchain technology and its potential to improve, disrupt or transform the film business has reached a new heights. The blockchain, a decentralised digital ledger that offers a way to verify and record transactions over a secure, encrypted platform as per the early adopters,...
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What Is Succession Planning? Succession planning identifies which employees could be future leaders at a company. It helps your business to create a contingency plan in the scenario that an employee retires, resigns or becomes sick. When an employee leaves the company, we are quick to look outside the company for a replacement. Yet, doing this may mean that we overlook some of our best-performing employees. Many...
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Globalization, the pace of technological advancement, and changing labor markets are just a few factors impacting the future of work. Employees today must be able to cope with rapid-fire changes that impact the whole organization as well as how certain tasks are performed. As a result, employees will need to sharpen existing skills and adopt new ones to be effective in the modern workplace. According...
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Before going any further, let’s talk about bots in general. Bots, which is short for web robots, have been around since the late 1980s. Bots were developed to take over repetitive structured tasks, allowing many different internet processes to be completed much more quickly. The bots themselves began to run faster and more effectively as programming methods, techniques, and tools empowered them even more. There are...
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If you’re like me, you stay busy. Running a business is a tall order in and of itself. When you throw marketing into the mix, things can quickly become overwhelming. If you haven’t felt this way yet, you’re going to feel it soon: There just aren’t enough hours in the day! Here is one thing I learned early on in my business: outsourcing will save your life. I speak from...
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Do you know when and how you’re most productive? Sure, you might know whether you like working early in the morning or prefer late night hours, but most people don’t really understand much about their own internal rhythms. A lot of the productivity advice out there assumes that all times of the day are equal. But before you should start finding ways to increase your output,...
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Cash flow is a critical component of small business success. This is especially true if you run a trade business. Your ability to purchase tools and supplies, pay staff, and keep your vehicles running relies on having cash in the bank. Emma Crawford-Falekaono, CRO at Tradify, sees cash flow issues reflected in customer data on the number of jobs completed and invoices marked as paid. She explains,...
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Xero has already transformed Australia’s digital landscape, but it is their belief in total user security that keeps them ahead of the pack. Mr Innes, Xero has truly changed the landscape for accounting and technology. With your recent Annual Partner awards, what has been the biggest find in regards to how companies are truly innovating when it comes to accounting? Our awards acknowledge and celebrate the leadership that is...
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