3 Ways to Save Time in Business

3 Ways to Save Time in Business

In business, time is money. Clients are invoiced by solicitors for the time that is spent on a certain case, accountants will end up charging more where a set of accounts needs to be fully constructed from inside a used carrier bag, and the amount of time it takes to deliver parcels will determine how much a courier can make from each parcel. Let us consider how a range of businesses could save money in terms of the time a range of tasks they are completing are taking.

 

Videoconferencing

A great cost saver for a business is not only to hold less meetings but when they do, to hold them online. This saves the expenses that employees are paid in traveling to the meeting, if it is off-site, and the time it takes for them to travel there. They are on a business’s time when traveling between sites during the working day.

It may not be sensible to discuss complicated business plans by email or even in group chats, but over an internet connection that allows facial expressions, the occasional smile, nodding heads, and voice tones to be noted, it is surely possible, without everyone needing to be present at a physical meeting. You will need a secure connection so that you can see each other properly, but if you have any of the cox internet plans, that shouldn’t be a problem.

Current providers of videoconferencing include Avaya, BlueJeans, Cisco, Crestron, Google (Hangouts Meet), Enghouse (Vidyo), Gather (lotum), Intrado, Lifesize, Pexip, PGi, Poly, Zoom, Microsoft (VCaaS play with Skype / Teams), RingCentral, StarLeaf, Vonage, and 8×8. So, quite an extensive list to choose from.

Those using Skype, which is based on SIP and H.323 standards such as Polycom and Cisco, can seamlessly join Hangouts Meet via Pexip Infinity Platform.

Backgrounds can be chosen which are more attractive than might otherwise appear behind you. For example, a shelf of books verging on collapse need not be rectified until well into the future, while you continue to work from home when a computer-generated background can be opted for.

 

Group Emails and Chat

When communicating with staff, it can save time to set up groups when using emails and messaging. This will save time when you do not have to create another message for each member of staff to inform them of the same information several staff members need to know. It is well worth the time setting relevant groups up, even if now and again one of those people does not need to know that piece of non-confidential information.

 

Organized Systems

With digital systems, it has become much easier to order information in a presentable way. Individual computer files, for instance, can be grouped into meaningful folders. This, for example on the desktop of a computer, makes the files less daunting to look at when trying to work out which one contains the desired information.

Computer databases can store vast amounts of digital information in an organized way that is easily searchable by a few keywords. Typical inclusions in databases include almanacs, bibliographies, dictionaries, encyclopedias, guides, handbooks, internet resources, newspapers, periodicals, and yearbooks.

Some examples of popular business databases companies use include IBM DB2, Informix, Microsoft Access, Microsoft SQL Server, MySQL, Oracle, PostgreSQL, and Teradata.

For security, computer content can be protected by passwords and encryption.

 

So, just 3 of the ways in which businesses are, through using technology, saving time in business. A lot of time can be spent traveling when meetings can be held online. Information offline can be communicated by grouping several key staff members in the same conversation. Everything can be organized digitally as if it were a physical filing cabinet. Databases allow for a lot more information to be housed in a small space and to be accessible to vast numbers of people. We just await the app that can think for us.

 

Posted by David Presutti in Think Business, 0 comments
Reasons Why the Parcel Delivery Business Has Been Revolutionised

Reasons Why the Parcel Delivery Business Has Been Revolutionised

Technology has changed the way parcels have been delivered in the past and is set to change how they will be delivered in the future, furthermore according to websites like https://www.rmhbangor.org/4-kinds-of-businesses-that-are-flourishing/ the courier business is one of the main sectors that is flourishing nowadays. There is a lot of ways in which parcel delivery has changed over the years, and as we progress with technology, it looks like there is no chance of that slowing down for anyone. This also includes the new technology KIOSK locker stations that are in shopping centers and stores for people to access so they can pick up their parcels efficiently without giving their home address, which suits a lot of people. This article will explore why at every stage the parcel business has been revolutionized.

Vehicles

In terms of the word “van”, the first records of one transporting any goods dates to 1829, although a “caravan” is described with the same meaning dates as far back as the 1670s. In modern times, Mercedes-Benz are credited with inventing the first van vehicle. That is one that could take heavy loads, for which they recognized the need. Nowadays, these types of vehicles are more commonly known as a “Heavy Goods Vehicle”, with suitable hgv insurance needed to ensure that you’re driving legally, as well as having the relevant protection should you need it. This mode of transport has certainly paved the way for how quantities of parcels, which can often be large, are delivered, and therefore revolutionized parcel delivery in that respect.

Faster modes of transport, though, have not necessarily resulted in faster delivery, as a Victorian Christmas postcard appearing on an internet auction site can reveal that despite a Christmas card having been posted late on Christmas Eve, it still arrived on Christmas Day. It was not until 1960 in England, Wales, and Northern Ireland, and 1965 in Scotland, that the General Post Office stopped this Christmas Day delivery. Having said that, delivery is not necessarily about speed, more about when somebody wants something to be delivered, assuming it is not on Christmas Day.

The courier service was invented by Jim Cassey, who called his business Big Four Carrier. He was to start courier services in Seattle, USA, in 1907. This company, for which he borrowed $100 from a friend to start up, is today known as UPS. The courier services which have been set up in the UK since have been in direct competition with the Royal Mail, who have competed by extending, through Parcelforce, the various time frame and insurance options that they provide in relation to delivering parcels. Parcels weighing over 2kg in every case now need to go by Royal Mail’s Parcelforce service or an alternative courier. Founded in 1990, and based in the UK, Parcelforce are now a worldwide logistics and courier service. It has built-up a network of international partners to help it to deliver its parcels.

Sat Nav

To follow a postman’s route is to arrive somewhere in the shortest time possible. Technology has now made this possible, too, through satellite navigation systems which can be attached to vehicles or mobile phones. Sat Nav has become a courier’s ally in respect of delivering parcels. Just by knowing the postcode, drivers unfamiliar with an area can find their way to the remotest of locations, or thereabouts.

Research can reveal that, in the UK, there are almost 1.8 million postcodes in use, with each one covering an average of some 15 properties, but in some cases between 1 and 100 properties. These postcodes can be programmed into navigation systems to provide a map or vocal guidance that takes a user to within doors of their required destination. It is becoming harder to find oneself lost, whether a delivery driver or someone going on a long walk to improve their fitness.

Drones

Drones will now deliver parcels because Amazon Prime Air is set to run a service that will deliver packages of up to 5 pounds within 30 minutes using small drones. These delivery drones will use between 4 and 8 propellors and have rechargeable batteries to provide thrust. The packages can be attached underneath the drone’s body. The drones will be operated remotely, or autonomously, by operators who will potentially be overseeing multiple drones all at once. As this kind of service takes off, it will no doubt become a cheaper, as well as a more convenient option, for households and businesses to have their parcels delivered. A family will not have to, in theory, even be in, if the items can be dropped safely, and softly hopefully, within the confines of a secure walled garden.

So, with advancements in transport, navigation, and ariel possibilities, there has been much to revolutionize the parcel delivery business. The above 3 all provide reasons as to why the increased need for parcel delivery is being more than met by increasingly inventive ways.

Posted by David Presutti in Industries Talk, 0 comments
3 Forms of Financial Help for Businesses

3 Forms of Financial Help for Businesses

Start-up businesses will often receive a loan from a bank for premises, equipment, to buy stock or sundries, and to market or advertise their products or services. After this, there is ongoing help that is provided by financial institutions to help businesses survive financially for the first year and beyond. Money can be generated through turnover but then it needs to be collected in a timely manner so that the cash flow of a business is always maintained. When it isn’t collected, companies such as these california collections agencies or similar have to step in. It is the continuous cash flow that is used to generate more business. This is perhaps more so in businesses that sell products as opposed to provide services. More stock might need to be bought before the money from the old stock has been collected. In the service industry, staff may have been paid before the money for the services they have provided has been received. Either way, the same financial help may be required. For the purposes of his article, we shall assume that the financial institution is a bank providing the products but there are other outlets to bear in mind for finance, too.

Overdraft

On many personal accounts, overdrafts are often not publicized to account holders, so it is often possible to overdraw by a small amount before charges are applied. On business accounts, though, any overdrafts need to be arranged and can work out more costly than taking out a business loan. Therefore, overdrafts should only be considered in the short term as a means of managing cashflow.

Business Loans

A business loan, apart from helping a business through a difficult financial period, can provide a business with a fixed amount to fund a business project that will later see a return. Banks will run credit checks and require collateral. This can mean that even if you set up your business as a limited company to protect your house, your house can now be at stake to secure your loan. A bank will also be concerned at your ability to repay the loan. If the loan is over a certain amount it will generally have to be approved by the bank manager, who has more authority than the financial adviser.

Business Advisers

Many banks will also have special business sections that can advise businesses on financial products. It is now the case that these staff will have to take exams to have gained the required knowledge to sell the products. This kind of regulation can only be good for businesses seeking the best kind of financial help. For private individuals, investments are about making their money work for them, while in business it is about having enough available money to continue trading. It is not always as easy as it sounds as invariably some products are paid for later, on account, and those buying them do not always pay up on time. In certain industries, businesses will have to wait long periods until they are paid. This will be known by banks and so allowed for. It should still, however, be factored into business plans.

Research can reveal that industries that take the longest to get paid, waiting more than 100 days for their money, are those involved in automotive equipment rental and leasing, management of companies and enterprises, oil and gas extraction, and technical and trade schools. Down from this are Architectural, engineering, and related services, building contractors, civil engineering and construction, mining support activities, scientific research and development services, and outpatient care centers, all waiting over 60 days to be paid.

So, a few ways here in which businesses can receive financial assistance and advice to help run their businesses and become successful. On an additional note, there are other forms of help out there that can support these financial requests, for example, businesses implementing management software from websites such as https://www.prosymmetry.com/capabilities/adaptive-project-management/ can aid in being in control of financial projects that need this type of assistance. And there is specific software you can use that might help to inform your decision about whether you need to borrow at all. Things like scenario planning and analysis software can be very useful when it comes to finances, as you’ll be able to prepare for every possible situation you could think of!

Posted by David Presutti in Money and Shares, 0 comments