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Why you should obtain business insurance

Why you should obtain business insurance

Whether you are expanding your venture, freelancing to earn extra cash, or bootstrapping a small business, you require business insurance. To get the appropriate business insurance coverage, you should contact a reputable insurance company such as Demont Insurance company in Miami. Business insurance can save you from in the event of catastrophes.

The following are some reasons why you should have business insurance.

Sign commercial leases

Most landlords often demand that their tenants get property insurance and general liability. The landlords will need proof of insurance before renting you their space.

Win more clients

Big clients will often demand that you show proof of professional liability insurance before signing contracts with them. This business insurance policy is vital since it covers professional mistakes caused by you or your employee that impacts negatively on your clients.

Comply with laws

In almost every state, the laws require businesses to have worker’s compensation insurance. Irrespective of the state laws, it is crucial to acquire business insurance coverage to cater to the expenses of the employees who get injured at work.

Handle legal bills

Business owners are usually targets for suits. If, for instance, a visitor gets a slip-and-fall accident within your business premises or your product hurts someone, you might get sued. The right insurance, like a general liability insurance policy with product liability, provides lawsuit protection.

Secure your income

In the event that you close your business due to events covered by the property insurance, business interruption insurance will cater to your lost income. Business interruption insurance is part of a business owner’s insurance policy and might be the difference between closure and recovery after unexpected events.…

How To Foolproof Your Small Business

How To Foolproof Your Small Business

Business

Starting a business is an appealing prospect, but it’s not without its downsides. While there is the incentive of fame and fortune, there are also many puzzle pieces that need to be assembled (and often reassembled) before a company can generate profit. Here’s what you need to know in order to create a business that’s built to last.

Finances

The central conflict of doing business is cold, hard cash. Specifically, making money is the primary goal of a corporate entity, while bankruptcy represents the ultimate sign of failure. Similarly, businesses have a variety of operational costs they need to cover to stay in business. Managing your business’s finances effectively starts with accounting. A professional accountant can help you fully understand your spending, earnings, and assets, and that can be helpful for retooling your strategies and protecting yourself from the legal ramifications of inaccurate reporting come tax time and earnings reports. On that note, a banking expert witness can help to make sure your banking records are on point and above board, further protecting you from the very real consequences of even small clerical errors.

Marketing

One of the most foundational aspects of any successful business is marketing. Getting your name out there is necessary if you want your business to grow in popularity and value, and marketing is by far the most effective way to accomplish that. Word of mouth and prime real estate will help you out immensely in the short term, but depending entirely on these factors is leaving a lot of paint on the palette and ultimately very limiting. Professional marketing is the way to go, although a small business’s budget may not allow for it, forcing its own to take matters into their own hands. However, homebrewed marketing is easy to spot in many cases, and it’s generally much less effective, so upgrading as soon as possible is a must.…

How Maximo SaaS Benefits the Industry for Utilities

How Maximo SaaS Benefits the Industry for Utilities

Utilities distribute and generate a wide variety of essential resources to different communities, including power, telecommunications, and water. These utilities need to maintain and manage numerous assets to make sure that communities will receive uninterrupted services. It makes asset management every company priority.

According to computer giant IBM, at least 70% of the largest water firms and more or less 90% of the largest global utility organizations use Maximo in their asset management. While this software is the go-to EAM or Enterprise Asset Management solution for the utility industry, firms gain additional advantages from switching to MaaS (Maximo as a Service). Advantages of MaaS include flexibility, savings, enhanced communication, and agility.

What is EAM? Click this site for more details.

Staying competitive in times of disruptions

The industry is starting to be increasingly competitive. It is being disrupted by alternative energy sources like nuclear, solar, wind, or geothermal energy. Sustainable energies are less expensive to generate, so utilities that are highly dependent on traditional sources of power like fossil fuels need to shift or pivot to a less expensive energy source to stay in the game.

Maximo as a Service provides utility firms the flexibility they require to change from one source to another. For instance, in wastewater, it can be pretty challenging to get rate increases. Communities do not want to see rate hikes on their water bills because of wastewater costs. Wastewater utilities need to find cheaper, faster, and better ways to work so service providers can keep costs as low as possible and avoid passing them to the customers.

Maximo provides opportunities to cut the price because of its cloud-based consumption model. Utility companies pay a predictable fee every month. They don’t need to buy their own software license or infrastructure. The needed upgrades, updates, and patches are included at no additional cost.

Check out https://www.techopedia.com/definition/24537/patch to know more about computer patches.

Being proactive when it comes to asset management

Utilities may be might be working out of facilities like plants that are 30, 40, or 50 years old. These aging infrastructures put power firms at risk. They should be repaired, ripped out, and replaced. Maximo as a Service makes sure that these organizations have the right information they need to make crucial decisions on this topic.

 Hosting this software in the cloud will help utility firms track down their assets’ status no matter where these things are located. Real-time data is pretty accurate and readily available, so decisions about replacing or maintaining assets can be made before problems develop.

 

Communication

Asset management is a tough challenge for utility companies because their equipment and resources are geographically distributed. A lot of communities object to having a power plant in their area, as well as solar arrays and wind farms. Residents have a lot of concerns regarding light and noise pollution, as well as having their views obstructed by utility equipment. Because of this, assets or facilities are usually located in remote places.

Locations like fields and waterfronts are also ideally suited for facilities and equipment used to gather renewable energy. To manage and track geographically dispersed facilities and assets, companies need strong connectivity. With Maximo for utilities, firms gain the ability to work at the border of networks where pieces of information are created.

Utility companies can check the power distribution site by miles, tracking meters, as well as underground pipelines. Facilities can be managed linearly instead of managing as individual assets. They can work with single data sets, eliminating informational silos that will prevent them from getting complete visibility into an asset. With this software, companies are able to easily communicate with their assets instantly, wherever these things are located.

Mechanical meters today are being replaced with electronic ones, making connectivity very important than ever. Utility companies are embracing the Internet of Things, as well as MaaS helps optimize these functionalities by supporting edge computing. With MaaS, power firms are able to make actual plans based on situational factors and shifting conditions like weather.

By predicting it, they can plan where to place their facilities and where repairs may be necessary. Staff can move from place to place to help out at locations that a tornado or storm has hit. Every worker is familiar with Maximo SaaS, so collaborating with other companies, as well as changing areas, is not a problem.

Taking the software to the next level

Power companies turn to this software for asset management, since it is the best-in-breed solution available in the market today. This software has unusual out-of-the-box features and can be modified to meet individual firms and industries unique needs. Now, these firms can take the software to the next level through Maximo as a Service. Companies that use its benefits from working with partners that have the expertise …

The Importance of Your Office Furniture

The Importance of Your Office Furniture

Furniture

Your furniture does more than make your office look good. It can contribute to the productivity of your employees, the culture and social interaction and even mental health. So, when you’re looking for new and used office furniture, here are some important things to know about office furniture.

Furniture Encourages Collaboration

Employee collaboration is integral to the success of a business and all of it’s endeavors. Your office space, in turn, is integral to facilitating that collaboration. Most offices are designed with walled off cubicles and rooms. Choosing an office space with an open area provides a great opportunities for communication between employees and the chance to work together more frequently.

Furniture Supports Mental Health of Employees

Common areas with sofas and other places to sit give employees the sense of togetherness in the office. Feeling like you’re by yourself for an 8 hour workday can burn people out. Having the chance to sit and talk with people during breaks can go a long way in improving someone’s mindset. Besides talking with others. Having accessories like bookshelves, plush toys and more can make the workplace seem less stale and more casual.

It Diversifies Your Workspace

Diversifying your furniture gives each area of your office space its own character. Create a theme in each room of your office by giving its own set of furniture and color scheme. This helps guests and employees appreciate the office a lot more and makes them want to work and visit. Visuals do a lot for a person’s mentality; you want to leave a great impression.

Furniture can make or break an office space. You want to encourage collaboration, social interaction and mental well being with your space. Design your workplace with room for communication and make it pleasing to the eye so people actually want to come in it. Find your match for your office culture.…

What Are Sales Funnels and Why Do They Matter?

What Are Sales Funnels and Why Do They Matter?

Sales Funnel is a fancy word used in the marketing world to describe a system, or a step by step process of getting customers to the point of purchase. It is a technique that observes and learns from the positive and negative sides in the process of getting leads and making them purchase.

In the vast ocean of marketing techniques, information, ideas, possibilities, and options in general, the sales funnel is a cool way to show how people can be brought to the online stores and make them spending customers. Click here if you want to learn more about sales funnel optimization, and become an expert.

What exactly is a sales funnel?

The name comes, of course, from the word funnel, which we all use in the kitchen when we want to sip something from a larger container to a smaller one. We use it to make the liquid precisely focused on the small opening of the other container.

Think of the two containers as the places where potential customers are and should be. The first one, or the large container, is the place where people surf through the internet. The marketer’s job is to make them go through the funnel so they can become spending customers.

Just like in real life, the many droplets of potential clients will swirl through the funnel and go to the same place. At least, that’s the idea.

The truth is, that you can never make everyone you invite to check out a particular product buy it. However, the marketer is aware that some of those who are invited through various mediums, will take a look at the product and consider buying.

So, if there are 100 potential clients, 80 of them will take a look at the product and will be interested in going forward with it. The other 20% will simply not click on the offer. We’re not interested in them.

Out of these 80, only 60 will have actually consider doing it. Yes, they might be interested, but not all of them will consider doing it. It’s like having a great art painting, and some people will just think to themselves how beautiful it is, and some will think, it would be nice to have it home.

Of these 60, only 40 will have an intent buy. Let’s continue with the example of the painting. So they see the painting, they’d love to see it their home, but not all of them will think about actually buying it. Most of them will think that it would be nice but know that they can’t go shopping at the moment.

Then, there’s the last step toward a purchase. This one will be done only by 20 of the remaining 40. Everyone who’s about to buy will evaluate the product. No one just jumps into deals like that. Every one of us will like to see what they are actually buying.

So they’ll click on the landing page, think about it, look at it from different angles, and try to see if there are flaws. Finally, they’ll make the purchase. Not all of them, but only a small portion of all these people. See this link to learn about the 80/20 rule.

The five stages of the sales funnel are marketing gold

We just mentioned the five stages that are highly valuable for every marketer. If you’re about to work this, or you want to know more about it, you must know these five stages – Awareness of a particular product, Interest, Consideration, Intent, and Evaluation. Finally, if the person goes through all of them, will make the purchase.

How awareness is created?

There are tons of ways and options for something like this. Some people prefer content-related aggressive campaigns, which will drive organic visitors from google, others prefer social networks, and some are not dealing with this kind of hard work, but opt for PPC on Google or social media ads.

It’s much simpler with running ads, but the complexity behind the process is not a joke. One must do a thorough analysis of whether their product is commercially valuable and will clients accept this type of promotion. Some products are better left without ads for getting the customers who will spend money.

The content idea is to write quality blog posts that will rank high on google. At the same time, it’s best if this campaign goes together with social media presence and posting. The two things together will get lots of leads at the same time.

Sales funnels are often done when there’s a sale action or promotion of a new product. E-mail marketing is also an option that proves to have great results for some companies.

In short, everything that a marketer or a marketing agency thinks of doing …

4 Ways To Lower Business Overhead Without Compromising Service

4 Ways To Lower Business Overhead Without Compromising Service

Businesses facing tough economic times may be able to cut expenses to weather the rough patch. You don’t want those cuts to be visible in the customer experience, however. If you find your business in a place where belt-tightening is necessary, try implementing one or more of these strategies to lower overhead without compromising service quality.

1. Rethink the Office Phone

Business phones offer several advantages over personal lines. The expanded features they offer come at a hefty price, though. Many small businesses can save by finding a VOIP phone service provider Stafford TX to meet telecommunication needs. In many cases, VOIP allows you to secure the features you want at a fraction of the price of traditional business phone plans.

2. Outsource Select Duties

Staff can be one of the biggest expenses of a small business. If there are tasks that you cannot do yourself, such as taxes, payroll or other HR tasks, outsourcing may be an affordable option. It allows you to get the services performed by a professional without the hassle and expense of adding new staff to your team.

3. Cut Back on Energy Use

No one you deal with knows how much you spend on utilities, so the impact of cutting back on energy use should have no visible effect on service quality. Install sensors to turn lights off when no one is in a room An adjustable or smart thermostat can help you maintain a comfortable temperature in the office during working hours without running your HVAC system around the clock.

4. Reduce Supply Costs

There are several ways you can lower supply costs. Consider buying things you use the most in bulk to reduce the per-item price. You can also shop around at new suppliers or negotiate with the current ones for better prices. Many businesses will be willing to lower their charges to keep loyal, paying customers ordering.

By rethinking how you order supplies, cutting back on energy use and changing up your phone system, you can lower costs without compromising service quality.…

What To Expect When Filing for Bankruptcy

What To Expect When Filing for Bankruptcy

Sometimes, outstanding debts become too much to pay off due to a financial emergency, and your only recourse is to file for bankruptcy Everett WA. Most people are told that bankruptcy is the end of the road. However, more often than not, bankruptcy gives individuals a second chance when debts build up and income disappears.

Automatic Stay

As soon as you file for bankruptcy, an injunction called an “automatic stay” is placed on your creditors. This freezes claims on your property and assets, both to give you time to work through the filing process and to prevent one creditor from seizing assets before others get a chance to step in. The duration of an automatic stay varies based on the type of filing and the duration of the case.

The Creditors Meeting

Also called the 341 hearing, after the relevant section in the U.S. Bankruptcy Code, this meeting establishes the terms of your bankruptcy. You, the trustee responsible for your case and your creditors will meet to verify your identity, discuss your petition under oath and assess any relevant documentation to determine your financial situation. This typically is your only visit to court.

Repayment

How your debts are resolved depends on whether you file Chapter 7 or 13 bankruptcy. In a Chapter 7 case, you may have to surrender assets to pay creditors, though rarely do debtors lose a substantial amount of property. For Chapter 13 cases, you instead receive a plan for repaying debts over the next few years, based on how much you owe and earn, with specific instructions and deadlines for repayment.

What Happens Next

A bankruptcy case will persist on your record for seven to 10 years, causing your credit score to drop because of your admission to struggling with debts. This can cause some further financial troubles, but the impact varies and typically is lighter than what would’ve happened if creditors came to collect. On the other hand, most of your debts will be discharged or lessened, alleviating the payments you have to make. This is the second chance that filing for bankruptcy can give you.…

Ways to Spruce up an Old, Outdated Kitchen

Ways to Spruce up an Old, Outdated Kitchen

If you find yourself looking around your house wondering how your kitchen aged right before your eyes, you may be exhausted by the outdated, old décor around you. If you want to spruce up your kitchen or kick up its style, here are a few tips on how you can do that.

Kitchen Countertop Upgrade

Your cabinets and countertops can be one of the biggest giveaways when it comes to age and general wear and tear. Consider replacing your worn kitchen with new kitchen countertops St. Louis to bring the room to life.

Colorful Additions

The color palette of your kitchen can be another big indicator of when it was styled. If you want to breathe new life into the room, consider adding a splash of color to liven up the area.

Storage Solutions That Elevate Your Design

A common issue in many kitchens is the lack of storage. Get rid of your clutter by adding hidden storage solutions and then install floating shelves for a unique and clean aesthetic to your kitchen. Both of these storage solutions can give you both form and function, creating a beautifully designed room.

Digital Home Décor

If you are looking to give your kitchen an upgrade, smart devices are a must. Creating a space that works smarter and more efficient can be a game-changer. Nothing says modern home than a modern solution.

Natural Elements

Another way that you can increase the aesthetic appeal of your kitchen and increase its function is the introduction of greenery and plants. By incorporating natural elements into the room, you can create a healthier area by introducing plants that will improve air quality and add additional visual intrigue to your kitchen.

For many people, their kitchens are in major need of an upgrade. Whether you are looking for just an upgrade here and there or the culinary space of your dreams, you can transform your old and outdated kitchen into your favorite room in the house.…