Business

business on smartphone

How to Run Your Business From Your Smartphone

Good news for small business owners: everything you need is already in your phone. No longer will you have to spend a lot of money buying expensive equipment, today’s apps allow you to run your business anytime, anywhere. But before you download anything, it’s a good precaution to also be mindful of how to keep your phone secure. USA Today warns entrepreneurs: though using a smartphone is ideal, you must take the right steps when it comes to protecting your information.

Technology has advanced so much that the small computer we carry in our pockets are now capable of more things than we can imagine. From managing your payroll, inventory, writing invoices, down to scheduling, payments and even document storage–your phone can cater to almost all the essential aspects needed to run your small business.

To learn more about the business apps you can download and a few data security tips, you can check out the full article here.

call centre

How BPOs work with Machines to succeed

Though there have been predictions about AI advancing to a point where it could replace people in certain jobs, the BPO industry is confident that this will not be the case for outsourcing organizations. Instead, call centres around the globe are using technological advancements to enhance employee performance by equipping offshore staff members with new tools. Jojo Uligan, President of Contact Center Association of the Philippines, has this to say about the topic: “Machines are not taking over yet. We don’t see that scenario. We’re very optimistic.”

Through combining the power of these new machines and the “human touch” offered by call centre employees, Philippines is in close competition with India when it comes to being the world’s outsourcing capital.

To learn more about how BPOs are using AI and new technology to improve the strengths of outsourcing, click here.

How Taking Risks Can Make You a Great CEO

Daniel Abrahams, the Transformer Director of Bond University, shares his personal insights on how risk-taking improves leadership in the corporate setting. Hailing from South Africa, his father’s decision to move to Australia sparked Abrahams’ curiosity about the nature of making bold decisions.

Abrahams has worked in different fields ranging from federal government to corporate, financial services, energy and transport, to telecommunications in a start-up business. As he transitioned from CRO to CEO, he boils down risk management into three key facets: Leadership Values, Risk Taking Culture, and knowing the difference between Entrepreneurial and Corporate risks.

daniel abarahams bond university

“I am inspired by entrepreneurs who go about providing customer solutions. I promote proper risk management behaviours across all business people and share my intellectual property for the benefit of the practice of risk management,” he writes. To learn more about Abrahams’ insights and fundamentals of Proper Risk Management, check out the full article here.

5 Effective Ways to Cut Down on Operational Costs

Small to medium entrepreneurs often choose to cut down on operational expenses. Rather than spending large chunks of a limited budget on operation alone, they opt for using the money on others costs related to expanding the business itself. It may seem like a wise move, but to fully emit operational costs is a fantasy, and the best anyone can do is reduction through money and time-saving methods.

shoe and banana peel

Avoid These Mistakes Small Business Owners Make

No matter how much experience you have gained in owning a business, you are likely to commit missteps at some point. It’s an inevitable part of your journey as an entrepreneur. Running a business is not a walk in the park, and there are many things you need to consider. The stress and pressure may cause setbacks and hurt your business’ chances to succeed.

While it’s a given that there is no fail-proof plan that guarantees success, some of the poor business decisions you make can jeopardise the long-term viability of your company. Because of this, you must identify these factors that may cause you to slip up, need to learn from them, and prevent these blunders from happening again.