Building an emergency fund

Preparation is very important in almost all aspects of life. It is important for us to be prepared for all types of situation especially that we can never know what the future holds for us.

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Saving for the rainy days

With regards to your financial preparation, having an emergency fund is extremely important in keeping you prepared to deal with what life brings, whether good or bad.

Making an emergency fund one of your most important savings priorities is a smart idea. Imagine by simply putting a small amount of $10 a week in your emergency fund, your money will grow to about $500 in a year. Normally, that’s enough to cover a repair bill or emergency travel. An emergency fund can also shield you from the high cost of borrowing, and keep you from hydroplaning into debt.

One of the reasons why people set an emergency fund up is to avoid borrowing. An emergency fund can give you more financial space to keep you afloat in a time of need. During financial emergencies, you don’t have to rely on credit cards or take out high-interest loans. This is especially important if you already have these obligations.

Building an emergency fund may seem overwhelming to some, especially those who have low income, but the truth is, it doesn’t have to be difficult. To begin with, you should set a monthly savings goal. This will get you into the habit of saving regularly and will make the task less daunting. One way to do this is by automatically transferring funds to your savings account each time you get paid.

If you don’t earn that much, you need to look for additional income. If you have extra time and willpower, you can have a supplemental income like an additional job or selling unused items to earn extra money.

There are many other ways to make building your emergency fund easier. For more on such type of fund, check this out:

Leave, lifestyle and loyalty: Employers offer incentives to retain workers

Employees are one of the most important assets of any business (more especially the top talents). They are difficult to find and even more difficult to keep. Those who performing the best are the most sought after type of employees.

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Retain your employees

Many business owners and managers have put incredible amount of money, time and effort into their recruiting strategy to finding the perfect person for each open position in their organisation. While recruiting techniques have evolved, retention (and engagement) strategies remain the most challenging task to the modern workforce.  Many companies are still frustrated when trying to manage their turnover rates.

According to several researches, the needs of today’s workforce have changed. People are now more concerned with opportunity, growth and learning than. With this in mind, business owners can easily implement retention strategies today to ensure that when their best employees walk out the door at the end of the day, that they’re not walking into the doors of competitors.

The first step to keep your employees satisfied and happy is by meeting their basic needs. If their base needs are being met, your employees will never be interested in any of your retention methods. Sure, no one can reach self-actualization before their physiological and safety needs are fulfilled. You need to offer them stability in your working environment with a market salary that allows them to live sustainably.

Another way to keeping your employees is by meeting them regularly. Being responsive validates employee performance and that’s why follow up is a necessity to employee engagement. You should exercise habitual follow up and an open forum relationship among your employees.

In addition to these two, some employers offer their employees incentives. Business owners use incentives to encourage, recognise and reward exceptional performance in their workers. Typically, this surpasses standard salary and benefit agreements.

Incentives indeed can help in keeping your employees. If you want to learn more on how to use employees’ incentives to keep your employees and get other benefits, read this article:

How to protect yourself with strong online passwords

As many people, companies and a lot of factors join the cyber space, online security is becoming a complex and diverse subject. The online industry has grown a lot, and it has brought us both advantages and disadvantages.

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Our ability to take advantage of online opportunities should go hand in hand with online security tips. These tips can help us ensure that everything you do online is secure. There are a number of security tips that everyone who uses the internet must keep in mind.

The first tip you can use for your online security is to be aware of the people you meet online. Do not trust anyone who you meet online with your computer or social media information.

Do not fully trust your so-called “online friends” especially those who you’ve just met on social networking sites because one or a few of them could be scammers. Don’t allow them to easily exploit your trust and hack into your accounts with ease. By you just giving them your email details, they can steal your persona and solicit products or even spread malware to other unsuspecting friends.

Secondly, you also need to have the latest anti-virus to defend your computer. Ensure that you have all the current software and antivirus updates and are keeping informed about online advancements within your browser.

Another security tip is making sure that you have a strong, unique password. You need create a password that has a variety of symbols, numbers, and letters that cannot be easily decoded because it is important. The longer the password, the better – when compared to short passwords, longer, complex passwords are way better. However, you need to make sure not to forget your password.

Passwords are normally the first line of defence for people who want to protect social media account, mobile banking, etc. To learn more about passwords and security, read this:

9 strategic ways to use social media to drive brand awareness

There are a number of ways how your business can make use of social media to your advantage. It can give you the perfect opportunity to reaching your target audience and build your brand, whether it’s customer support, social selling, or content marketing.

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Social media branding

However, it can be challenging for you to set your brand apart and carve out your place in giant social networking sites such as Facebook, Twitter and Instagram. This is because there are so many available platforms nowadays and there is heavy competition in all of them.

Making sure that your brand is represented the way you want it to on social media is important. First, you need to choose the right network. If you’ve been active on certain social media platforms, but you’re not gaining any traction, it may be something to reconsider. With hundreds of social media apps out there, and new ones popping up every day, it’s tempting to jump into all of them. However, you need to pick one that suits your company. Otherwise, you’ll struggle to make progress.

In social media marketing, visuals play an important role. If each of your profiles looks like they’re owned by a different company, it disconnects your brand from your users. Be consistent across all channels.

Once you’ve already learned how to use the right visuals, the next step is to keep your topics consistent. Finding blog posts, videos and other content to share with your audience may sound easy but, many businesses go into it blindly without creating a strategy or guidelines for what topics to share. Meanwhile, don’t let your timeline become filled with a random mix of posts about five or six completely different topics. Avoid that mistake by streamlining your efforts.

There are many other strategic ways you can use social media to drive brand awareness. Read this blog post for more details:

Gluten be gone

In recent years, eating a gluten-free diet has soared in popularity, particularly among people with digestive problems. Numerous people have already recognised the effects of gluten to their bodies. Others believe that cutting out gluten helps manage medical concerns and contributes to a healthier diet. If you’re trying to decide whether to go gluten-free, you should know both the positive and negative effects of gluten.

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Gluten-free diet

Do you know what gluten is? Glutens are actually proteins that are found in wheat, rye and barley. It acts as a glue to help food hold together and maintain its shape. Normally bread, cereal, fried items, a variety of processed foods, and cookies are the top foods containing gluten. Soy sauce and beer also contain some gluten.

Gluten may sound unhealthy or maybe somewhat hazardous to our health, but it does bring in some benefits. Like for instance, gluten contains B Vitamins. Gluten-free flours usually aren’t fortified with these important nutrients, which help your heart, brain and red blood cells. Moreover, it is also a type of protein that is nutritious.

Apart from B Vitamins and protein, ingredients such as wheat flour are fortified with this mineral to make up for the iron lost as wheat is refined to flour.  Wheat gluten flour is also low fat.

On the other hand, there are also bad effects of gluten to health. One of which is that gluten can potentially cause celiac disease. If you have this autoimmune digestive disease, gluten can damage your small intestine and impact your body’s ability to absorb important nutrients. You may experience symptoms such as abdominal pain, bloating, diarrhoea and anaemia.

Even if you don’t have celiac diseases, you may also be sensitive to gluten. You may experience some of the same symptoms as those with celiac disease when exposed to this protein.

Eliminating gluten from your diet has proven to be beneficial and more and more people have confirmed this. But what are the gluten-free foods we can easily find here in Western Australia? Check this out:

A little bit every day: Why sales coaching will ensure your team’s success

Nowadays, many business owners are still hesitant to invest in proper sales coaching. However, this type of coaching has proven numerous benefits to the business’ bottom line. The benefits of a great sales coaching program are indispensable to the growth and culture of any organisation.

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Sales team

Sales coaching can create a big difference to your business’ overall performance. In addition, it also improves the overall well-being of your sales representatives. Proper coaching will inspire them to grow and figure themselves out on how to past their limits and achieve new areas of success in their lives.

In the business’ perspective, the most obvious advantage you can get from sales coach is to improve your sales team. Once your team’s skills improve, they will bring more revenue for your business. It would only make sense that since revenue is what keeps your company going than you would want everyone on your sales team to be squared away and firing on all cylinders.

Aside from increased revenue, this type of coaching can also improve productivity. Effective sales coaching can give your sales team the confidence to take care of tasks and goals without being asked or told to. The advantages of sales coaching can give the team clear and defined steps hence making0 them more productive by motivating them to be more efficient and effective.

In business, the bigger deals you get the better. If your sales team is well-coached, they can close deals more often or even reel bigger fish. They can become proficient at closing deals when sales reps hone their skills and gain the confidence to tackle more responsibilities. Coaching can help instil best practices that sales reps can fine tune as they close more deals.

There are many other benefits you can get by hiring a sales coach to guide your team. For more on these advantages, read this:

How to get a summer holiday if you run a small business

Most small business owners here in Perth don’t even think about taking holidays even during summer. They think they are too busy to take a break from running their small businesses. However, there are a number of reasons why entrepreneurs should take holidays and it doesn’t have to be difficult and expensive as most people think.

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It is true that it is never easy for a business owner to take a time off. They often have troubled disconnecting and taking vacations. For most owners, they get worried of losing money or customers if they take a break. Meanwhile, there are some who say they don’t trust their employees to handle their day-to-day operations in their absence. However, there are some ways and opportune time to recharge the battery for the year ahead and many entrepreneurs have discovered this strategy.

Taking some vacations can be vital to keeping entrepreneurs fresh and energised. Sole proprietors and startup founders have come up with a number of strategies and processes to make that time off happen. Some of these strategies include coordinating with colleagues and clients in advance and finishing up projects to delegating work. They also use automating email, phone and social media messages.

One reason why entrepreneurs need vacation is because vacations do help entrepreneurs find their inspiration. Taking holidays and stepping out of your normal day is actually one of the best ways to unlock your creativity and innovate. Sometimes, new experience or talking to new people and other experiences you get on holidays help you learn new things hence boosting your creativity.

Taking vacations also helps you clear your head and reflect upon what’s happening during the previous months or years of your business operations. This helps you plan ahead for the upcoming year.

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How to properly review your business budget

Creating a budget is important whether you in your home or more especially when you run a business. Budgeting for business is important in order for you to have a clear vision and a strategic plan. However, to use your budget effectively and to stay on track, you will need to review and revise them frequently.  This is particularly true if your business is growing and you are planning to relocate into new areas.

business budget

Budget reviews are important for business success. When you run a business, it is easy to get bogged down in day-to-day problems and forget the bigger picture. So in order to become successful, you have to invest time to create and manage budgets, prepare and review business plans and regularly monitor finance and performance.

Structured and frequently reviewed business budget allows you to create a focus for the direction of your business and provides targets that will help your business grow. It will also give you the ability to properly control your finances, ensure you can continue to fund your current commitments and have money for future projects.

Managing your budget effectively is advantageous in managing your money effectively. You will be able to monitor your performance, meet your objectives and allocate appropriate resources for certain projects. When you know how much money comes in and how much spending you’ll need, your decision-making can improve a lot. In addition, you’ll be able to identify problems before they occur.

For many businesses in Perth, having a solid budget is a great first step. However, there are times that there will be some problems with your budget – this is normally experienced by small business owners. Unexpected events such as accidents, product upgrade and other events can cause you to spend more than you planned when you created a budget.

So in order to prevent such problems to occur, you need to review your budget as frequently as possible. Here are the steps:

‘Women have the right to be safe’: Inquiry to examine sexual harassment in workplace

Being a woman in a man’s world is not easy and more so if you are a working woman. There are already a lot of successful women these days who have paved way for other women to prove their abilities. Women nowadays, especially women employees have faced severe difficulties in the professional sphere ranging from chauvinism to sexual harassment, women employees.

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However, these women have proved more than equal to the task and are outperforming their male counterparts regularly. Many employers today are waking up to this reality and catering to the needs of the female workforce.

If you have women employees in your organisation, there are certain things you need to take care of. The most important things to look for are saying no to discrimination and sexual abuse in your workplace.

Remember that employees do not take gender-based discrimination lightly. Biased treatments have a significant impact on their productivity; therefore, as an employer, you have to be careful to steer clear of any gender bias. You need to institute a transparent and merit based reward policy for all your employees. A similar attitude must be adopted while assigning responsibilities as well.

In order to prevent sexual harassment in your workplace, you need to have policies in order to protect your women at work. This is obviously a very sensitive issue and increasingly, women are taking workmates and employers to court over such charges.

Understand what constitutes acceptable behaviour, and anything remotely improper could be interpreted as sexual harassment is important. You as well as every employee of your organisation should look at the policies of some bigger establishments and design yours accordingly, making it as comprehensive as possible.

According to a report published by WA Today, the Australian Human Rights Commission has launched a national inquiry into workplace sexual harassment. Continue reading at:

More articles about Perth Business:

Good Reasons to Start a Business…and Bad Ones

4 Steps to Managing Your Small Business’ Online Reputation

Best Perth Businesses: How to Start an Investment

How Mobile is Changing the Customer Experience

In the dmarketing arena, marketers are always on the lookout for great things that will keep them ahead of their competitors especially in today’s digital marketing era. Today, almost all of us are using mobile phones to a lot of things we do every day. With that being said, mobile devices have really become a part of our lives.

When searching for online content, product, or service, an increasing number of online searches have been done using mobile phones. So if you are a small business owner and want to increase your customer base, then why not take advantage of mobile marketing?

Mobile marketing is the process of establishing a strong customer communication with your prospects and current customers through mobile device. Mobile devices can help your small business to reach wider audiences in real time and on personal level, which is a different engagement you cannot find in other communication channels.

Nowadays, giant social networking sites such as Facebook, Twitter, and Instagram (a mobile based application/social networking site) understood the potential that resides in mobile marketing. They have recognised this potential and have evolved their adverts platforms for you to target mobile customers efficiently.

Mobile devices are taking charge in the online search universe as well as customer experience. continue reading at:

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