Bigger Isn’t Always Better

Saturday, April 17th, 2010

What is it about big things – a big car, a big house, a big salary, a big business – that appeals to our sense of well being? I believe it is because our minds link “big” with status, respect, and prosperity. However, the modern world is not about “bigger”. It’s about “better” and “leaner”. Look at the sleek cell phones that slide cozily into tight pockets or the thin ipads that can be carried around ina thin sleeve. Even IT storage devices are getting smaller and better. Flash drives that can hold gigabytes of data fit into the palm of your hand.

My neighbor started selling products to people who walked into his home. Word of mouth was his only form of advertising. As word spread, customers grew and he expanded his office to two rooms in the house. He acquired a credit card processing solution to attract more customers and encourage multiple orders. With the help of a professional website design, he launched a website that allowed online visitors to browse and place orders via phone. Now, the website supports credit card payments and he is selling products to consumers all over the world. He left his regular job and is now totally focused on procuring and distributing products online.

Many small businesses have revanped their business models to streamline their business operations and reduce overhead costs. Fulfillment, HR outsourcing,  payroll and call center services are just some of the business functions that companies have offloaded to third parties, allowing them to focus on business growth and development. Business Process Outsourcing companies manage non-core functions effectively helping small and mid sized business to improve business productivity.

A small business can increase its customer outreach through the Internet. With an e-commerce website to sell products, small and mid sized businesses can increase their profit margins without incurring the overhead costs of  leasing or owning office or retail space and employing sales staff. If you are more ambitious, social media marketing and internet marketing companies make sure your brand gets the right attention in the right places.

Technology has made it possible for enterprises to stay small but serve big clients needs. Large enterprises and big box retailers are always looking for ways to cut costs to stay lean and competitive in this global marketplace. If a small or mid sized business offers consumers quality products at competitive prices, it will win customers’ patronage and goodwill nine out of ten times. Yes, we believe bigger isn’t always better in todays economic environment.

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Cut Waste, Save Money and Burnish Your Eco-credibilty

Wednesday, December 30th, 2009

The key to building an eco-friendly business is to save, reuse and recycle. Many small businesses believe “greening” their business entails heavy costs. However, even simple inexpensive measures can help small businesses to conserve energy and increase cash flow.

Optimize on facilities created through the internet and technology advancements

Technology and the internet offer many conveniences that can be optimized by small businesses to improve their bottom line and contribute towards a greener environment. Some simple steps that businesses can take are:

  • Take advantage of internet marketing: Businesses can advertise their business via internet marketing strategies. Unlike traditional marketing, online marketing does not involve paper or plastic, can be targeted effectively, can be measured accurately and saves the business many valuable dollars.
  • Launch e-commerce websites: Apart from having business websites, companies can also launch e-commerce websites to sell products and services. Customers save on fuel by avoiding trips to retail stores. Businesses gain by saving on overheads. Online credit card processing services also make paper bills redundant, conserving paper and ink.
  • Send emails instead of snail mail: Almost all suppliers, partners and customers have an email address. Communicate with them via email rather than the post to save paper.
  • Pay employees with direct deposit: Replace paychecks with direct deposit of salaries into employee accounts. Employees appreciate the convenience, while businesses save on printing and delivery costs.
  • Use electronic signature capture devices: Businesses should equip point-of-sale systems with signature capture devices. Ask customers if they want printed receipts and bills. Most are happy with invoices and receipts on email.

Businesses can also reduce wastage of resources at their offices. Refurbish rather than buy, buy sparingly and prefer earth-friendly materials, encourage employees to get their own plates and cups rather than using disposable containers, switch off equipment when not in use, and give incentives to employees to save energy.

Small businesses that implement “green” practices win the favor of customers. State and federal programs also offer cost savings and tax deductions to encourage small businesses to be energy efficient.

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