Update Your Small Business to Secure Your Future

If you have a successful small business that has always done very well but you are worried about the future, embrace today’s technology. Don’t be afraid to try something new. To many business owners are afraid of change and shy away from new technology. This is a big mistake. You want your business to continually grow. In these modern times, that means you have to move forward.

Computer Systems

Computer systems can reduce your work load and keep you more organized than you ever have been. Restaurants can benefit from systems that tie the ordering, service, and sales all together for a more efficient flow between the wait staff and kitchen, and the products from Xerox Dallas Texas companies such as Cesco Office Products have available will help any business get organized. A little research will help you find the best system for your individual needs.

Safety

The technology use in business security systems is always improving. No longer are you limited to a ringing bell or grainy pictures. Today’s systems include quality cameras that provide crystal clear images along with instant alerts sent to your local police department when an intruder enters your space. Both you and your employees will feel safer knowing help is only a push of a button away.

Advertising

Advertising has never been easier or more affordable than it is today. Use social media to your advantage. Having a Facebook page allows you to reach many people at once when it comes to announcing sales and special offers. It also provides your customers with the perfect place to leave reviews and ask questions about your services or products.

Once you put these ideas into practice, you will realize that the word “technology” really isn’t such a scary thing. Computer systems can ease your work load, keep you safe, and help you reach out to new customers. The result is a productive small business that will continue to grow as time moves forward.… Read More

3 Success Tips for Your Industrial Business

Are you thinking of breaking into the industrial field? It’s not as impossible as some people say, but it’s not going to be easy, either. You’ll need all of the help that you can get in order to be fully prepared for the challenges ahead. Here are just a few tips for succeeding as an industrial business owner.

1. Make Connections

Networking is important in any field, but it’s especially crucial with industrial work. Manufacturers, vendors, suppliers, retailers and insurers are expected to work closely together to bring products and services to consumers. You’ll want to have plenty of phone numbers when it’s time to license a new gadget or secure permits for a fresh construction site. Even if they’re just acquaintances that you met at a conference once, it’s better than dealing with strangers.

2. Invest in High-Quality Equipment

An industrial business is only as good as its equipment, so don’t cut corners when it comes to things like catalyst reactors or your next fluidizer blender. Budgeting is important, but so is making an investment towards your five-year goals. If you buy cheap gear, your products and services are going to be cheap as well, and your business might not even make it to five years!

3. Listen to Feedback

Do your employees think that something is unsafe? Don’t brush off their concerns and tell them to get back to work. Are your customers complaining about your tech support for a particular product? Don’t just assume that they’re being whiners. Feedback is a valuable asset for any business owner, but this is especially true when you’re in an industrial field. Since the stakes are so high, you can’t afford to make bone-headed decisions without consulting others.

These are just a few ways to increase the odds of success for your industrial business. Whether you’re opening a small factory or a large processing plant, it’s important that you take things slowly and carefully. Don’t rush into any decisions. Be fully confident in your choices so that your business can thrive under your calm and reasoned leadership.… Read More

Saving in South Africa: Why Financial Planning needs to Improve

Levels of personal indebtedness in South Africa are stretching the country to its limits. A World Bank report has declared South African consumers the ‘world’s biggest borrowers’, with statistics suggest that South African’s are struggling to manage their debt responsibly.

In the final quarter of 2016, there were 24.31 million credit-active consumers, of which, 9.76 million had impaired records. That means 40 percent are paying more for credit than they need. The trouble is that the bigger car, bigger house lifestyle is still very much alive in South Africa, particularly among the middle classes, and this is threatening the financial stability of millions of consumers.

Not enough savers in South Africa

The only way to reduce this reliance on credit is to improve the understanding of the importance of saving. However, a recent poll has shown that the proportion of South African households that are saving for the future and engaging in long-term financial planning is actually falling. In fact, only a quarter of South African consumers admitted to having funds set aside for emergencies, while less than half have saved anything in the last 12 months.

Levels of saving are particularly low among the younger generation, with millennials (those aged between 25 and 35) at risk of making worse mistakes than their parents when it comes to planning for the future. A survey of the saving habits of young South Africans found that only 35 percent of millennials are currently investing for the long-term. With only 6 percent of South Africans currently able to retire comfortably, it seems the attitudes of younger people have not changed, with most preferring to take home a bigger salary than make a higher contribution into their savings or retirement funds.

Making little changes every day

The important message is that wholesale changes do not need to be made to start planning for the future. With taxation and inflation on the rise in recent years, consumers need to make day-to-day adjustments to make their after-tax income go further.

The personal loans provider Wonga recently put together a list of simple financial changes consumers can make to help kick-start the savings process. However, there are also plenty of reputable and importantly, free sources of advice out there that can lead to improvements.

It’s not just down to low salaries

Low salaries and the high cost of living is often the reason cited by many South Africans for their low levels of savings, but data from the Financial Service Board (FSB) shows this is not necessarily a justifiable excuse. South Africans manage to save just 17.3 percent of GDP, which compares to 50 percent in China and 30 percent in Brazil, both of which have lower average wages than in South Africa.

In response to these findings, the FSB has said South Africans need to do more to adjust their lifestyles so they can contribute a part of their income to a savings scheme. Saving simply means spending less than you earn, but currently, this is … Read More

Trading With Foreign Exchange

The times of technology have changed every aspect of our lives, communities and economy. Foreign exchange trading has been changed because of modern technology. At one time in history, this type of trading involved crossing borders into other countries. This type of trading has grew in popularity by how easy traders can invest in foreign exchanges. Technology has made it to where today’s traders are trading with multiple currencies in multiple countries. Often times, this trading can be done from the convenience of one’s own home. Today, anyone, anywhere can be involved in foreign exchange trading.

This type of trading is easy to get into. There are online and even mobile platforms for traders to trade on. Despite the easy access to this type of trading, new traders are prone to many mistakes. Often times this failure dissuades traders from continuing and learning about foreign exchange trading. Forex trading was created for insiders; people who understand the dynamics of this type of trading. Many beginners start off optimistically believing they will not become apart of the masses of those who do not make their money back from foreign exchange trading. However, for rookies that continue to learn and grow with foreign exchange trading, the return can pay off.

Often times beginners fall into the pool of forex trading leverage. At first, forex trading leverage may appear as the best fit for newbies because of the fact an investor can trade with more money than what is in their account. Trading with leverage is something many brokers offer, and beginners jump at the opportunity. Results of returns can be extremely good. But just as good as the gain is, the risk involved can be just as extreme. Often times, this is when beginners begin to end their foreign exchange trading days.

For the remaining 4 percent of traders that stick with foreign exchange trading, there are a few things this small percentage does that helps keep them afloat in their investment. The key to succeeding with this type of trading is having a good grasp on one’s emotions. Forex trading leverage can become tempting. The trader’s emotions may urge him or her to invest more than what’s in the trader’s account with forex leverage. It is key to have a trading plan and make sure to log your progress. Before trading with real money, try to learn with the stimulated forex trading demo platforms offered by many forex brokers such as tradedax and trade 111 and platforms. Try to stay away from believing all the hype online from other forex traders exclaiming to be doing so well with trading. Often times, more people are struggling with forex trading than what they would like to admit.

Technology has made it very possible for anyone to get into forex trading. The results can be amazing but there are definite risks involved. Getting education about this type of trading is a must to see the achievable goals forex trading can deliver. With the right … Read More

How Industry Pushes Society Forward

The direct effect that technology and its influence has on society cannot be overstated. Technology means something different to each person who hears it. It could be that when you hear the term technology your mind focuses on things like rocket ships, flying cars, and jet planes. Other people will think about faster computers, smart tablets, or machines that have the ability to learn on their own and mimic human behavior. Other people focus on the science and research aspect of technology. They think about improved laboratory equipment and advances in technology that allow one to grow food in hostile places.

The way that society looks at the term technology can often determine where they put their time and their energy. For example, if people look at technology only as things associated with computers or electronic devices that make fast advancements or that change quickly, then they will not give a sufficient amount of attention to other things that, although forms of technology, are not defined by most in society as technology. These things that are essential to life and must constantly improve if life on this planet is going to get better.

This does not mean that one should minimize the importance of new smart tablets, smart phones, electronic methods of payment, or social networks. The truth is that these things are moving society in ways that were not thought possible just a few years ago. Thanks to these types of technologies, fortunes are being made around the globe. However, other aspects of technology need to be explored if society is going to continue to progress in the ways that many thought society would two or three decades ago.

For example, science fiction always projected the idea that by the mid-2,000’s mankind would have flying cars. Instead, mankind has many ways to share media and videos. The point is that while it is important to focus on the electronics in the computer related aspects of technology, physical, things like improving the quality of deaerator trays, automobile motors, or home construction, cannot be overlooked.… Read More