I don’t envy new internet entrepreneurs looking to make money online. There are so many business opportunities it is overwhelming which system to select. However, after careful consideration you have finally decided on a business system and you are ready to get started. Where do you begin? Let’s take a look at three online business tips that have their roots in Corporate America, but are relevant to online businesses.Many times online business opportunities are not viewed and managed like a corporation, and for good reason. Unreasonable deadlines, greed, unruly bosses, and long hours are reasons for the mass exodus from Corporate America to the green pastures of online businesses.While Corporate America is inherently flawed, there are a few online business tips that can have a significant impact on the success of your home based business. When constructing your online business don’t overlook these important tenants, usually reserved for Corporate America. You will be surprised at how powerful these three business elements can be.Business Tip #1: LeadershipA determining factor in the success of your home based business is leadership. When starting out, you are not going to have all of the answers right away. That is why it’s critical to surround yourself with industry leaders that can help guide your business. Make sure you listen, read, and follow influential leaders within the online marketing community that are currently getting the results you desire. These leaders are people that are going to help mold you into a successful leader who will create the necessary results that are essential for your business’s growth.Business Tip #2: Mission StatementMost likely your internet business is going to be just you; however it’s still important to have a well groomed mission statement that invokes inspiration. You want people to be attracted to you and your business and a mission statement is a great way to build your online brand. It’s an extension of your beliefs and needs to resonate with people. An effectively communicated mission statement helps you stay in the forefront of your customers mind and creates your business identity.Business Tip #3: CollaborationThe competition in today’s business world is fierce. That is why it’s essential to partner with key subject matter experts. You can learn a lot from people within a team environment. That’s why it is critical to align yourself with other online entrepreneurs. Together you can learn what people within the industry are doing to get results. Join network marketing groups, listen to podcasts, participate in events, and attend live webinars. This type of collaboration will foster new ideas and spawn business growth.Whether you are an industry veteran or new to the online marketing world make sure you carefully consider integrating these three elements into your online business. While these three online business tips are deeply rooted in Corporate America, you may find them beneficial to the success of your online business.
With countries just starting to get over the economic downturn that affected the world in 2009, companies that have survived are always on the look out for ways to cut costs. Business travel is one of the areas that take up a large amount of company spending. It is true that travel is necessary for businesses whether it is within the country or abroad. However there are ways to reduce on the costs of business travel and thus save your company money.1. Use of technology. With modern technology now available like web conference and video calling, it may no longer be necessary to travel thousands of miles and spend thousands of dollars in order to attend a conference or be in the same geographically location with the person or people you are doing business with.2. Use of one credit card to buy company travel. One major benefit of doing this is that the company will accumulate frequent flyer miles from different airlines and even from hotels which will eventually translate into various awards, like upgrades on the class of travel by an airline, free air tickets, free hotel accommodation and even airport transfers which may be a saving for the company.3. Negotiate with airlines and hotels for special rates. It is surprising how many companies do not do this and yet the amount of money saved in business travel can be enormous if a company negotiated preferential rates with airlines and hotels many of whom are very ready to provide this if it will mean the organisation patronising their services.4. Have a company travel policy. Lack of a company policy on travel can lead to unnecessary travel abroad, including excessive spending on air travel and hotel accommodation. A company should have strict policies on when travel can be undertaken and by whom and staff members should be made aware of these policies. Also there should be accountability for any business travel done including reason for travel, class of travel, hotels stayed in and number of days spent on business travel.5. If your company uses a travel management company to handle its travel and hotel bookings, it is important that they are aware of your company’s travel policy and its desire to minimise on travel costs. You should use a travel management company that is willing to work with you in minimising these costs. If possible compare the rates of several travel management companies to determine if you are getting the best rates available in the market. This comparison should be done on a regular basis. Also from time to time, you should ask your travel management company to issue you with reports of all the travel done by your company to help you monitor and know how much you are spending on travel.
The security of payment act was first introduced way back in 2002, that’s more than a decade ago. However, most people still have no idea about the act and therefore don’t make the best use of it.The act is basically governed by the building and construction industry of the country and is implemented in order to provide individuals and companies with quick financial returns whenever disputes arise.People usually get confused as there are plenty of different names to the schemes, but collectively they all have the same function and are termed as Security of Payment schemes.A few years ago whenever you found yourself in a payment crisis you would have to file a case and spend a fortune on expensive legal litigation and arbitration only to realize that your money was spent in vain most of the time. Therefore, to get rid of these problems the security of payment schemes and acts were set into force in order to deal with these problems through adjudication.What is Adjudication?Adjudication is basically a method to solve disputes quickly. As per law the decision has to be made within 10 days and therefore this process is a lot faster than the usual process.The adjudicator needs to have an accredited license as only then would they be able to be in charge of your lawsuit. However, they are selected and appointed by the ANA (authorized nominating authority). The ANA is put in charge by the government in order to take care of security of payment related issues and it is their adjudicators who manage the entire claim.Are these schemes for everyone?These schemes can be used by almost anyone who’s directly or indirectly involved in the construction business. Most people assume that it’s just the individuals and companies that have manually worked on the construction site, however that’s not true and even people who have supplied the raw materials for the construction can sign up for these schemes and thus protect themselves and their companies from any possible fraud.Some of the people who usually sign up for these schemes include:1. The project management teams2. Contractors as well as their subcontractors who are involved in any aspect of the construction.3. The people who supply the building materials.4. The engineering and also design agencies who are working behind the scenes5. In some cases even the security services are covered by these schemes.Therefore we see that just about anyone related to the construction business can be covered by these schemes and it would be wise to protect yourself as well.