1) They can save you time and money.

If you have a good IT support company on your side, they can help you save time and money. They can do this by helping you avoid potential problems, and by fixing any issues that do arise quickly and efficiently. This means that you won’t have to waste time or money dealing with problems yourself, or trying to find someone who can help you.

For example, let’s say that your computer crashes and you need to get it fixed quickly. If you try to fix it yourself, it could take you hours or even days to figure out what the problem is and how to fix it. 

But if you have a good IT support company on your side, they can usually fix the problem within minutes. As the professionals from IT support at MacTribe say, an IT company should keep things running smoothly so you have more time to focus on your business. This can save you a lot of time and money in the long run.

2) They can help improve your business.

A good IT support company can do more than just fix problems; they can also help improve your business. For example, they can help you implement new technologies that can make your business more efficient and productive. They can also help you troubleshoot problems so that they don’t happen again in the future.

For example, let’s say that you want to implement a new CRM system. A good IT support company can help you choose the right system, install it, and train your staff on how to use it. They can also help you troubleshoot any problems that come up so that you can get the most out of your new system.

And, of course, a good IT support company will be there to help you if you ever have any questions or need any assistance. This can go a long way toward improving your business and making it more successful.

3) They can give you peace of mind.

Hiring a good IT support company can give you peace of mind. When you have someone on your side who knows what they’re doing, you can rest assured that your business is in good hands. This can take a lot of stress off of your shoulders and allow you to focus on other things.

For example, let’s say that you’re worried about a potential security breach. If you have a good IT support company on your side, they can help you implement the right security measures to protect your business. This can give you peace of mind and allow you to focus on other things.

4) They can make your life easier.

Let’s face it, technology can be frustrating. It’s always changing, and there’s always something new to learn. If you’re not a tech-savvy person, trying to keep up with the latest trends and technologies can be overwhelming.

An IT support company can take all of that stress away. They can manage your technology for you, so you can focus on running your business.

Additionally, a good IT support company will keep you up-to-date on the latest trends and technologies. They can even provide training for you and your staff so that you can stay up-to-date and be as productive as possible.

5) They can help you grow your business.

A good IT support company can help you grow your business. They can do this by helping you implement new technologies, providing training and support, and by helping you troubleshoot problems.

For example, let’s say that you want to expand your business into a new market. A good IT support company can help you research the best way to do this, and they can even help you implement the changes. They can also provide training for your staff so that they’re prepared for the new market.

As you can see, there are many benefits to hiring a good IT support company. If you’re not sure if it’s worth the investment, just remember that a good IT company can save you time, money, and hassle in the long run. Not to mention, they can also improve your business and help you grow. The bottom line is that a good IT support company is an invaluable asset to any business. Hiring an IT support company is definitely worth the investment.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post The Main Benefits Of Hiring A Good IT Support Company appeared first on OpenBusinessCouncil Directory.

Outsourcing is an excellent way to cut costs and improve the quality of your product or service. In addition, you can focus on what you do best by handing tasks to others outside of the company. After all, you didn’t start your business just to give your dream job to someone else while you worry about behind-the-scenes tasks. So keep reading to discover which tasks you can outsource for company excellence.

Accounting

One of the most critical tasks you should outsource is accounting. Doing so can help you save money during tax time and cut business costs. While bookkeeping software can be beneficial, it’s not the same as hiring a human for the job. Consider outsourcing your accounting needs to a professional firm for the best results. Your accountant will get to know your company and create the best cost-efficient solutions over the years.

Marketing

You may think you can market your own company with a few social media posts and fliers here and there. However, you won’t drive in the business you need to succeed if you aren’t consistent. On the other hand, a marketing company can provide engaging content to attract your ideal customers. Additionally, they know all of the best tactics to make your business look like the best in the game. So, it’s best to leave this one to the pros. That way they can help you make the most money.

Writing

Writing is a difficult task, but it’s crucial for communication. If you have a point to make, but don’t know how to put it into words, consider outsourcing to a freelance writer to do it for you. Many people hire writers to complete tasks like blogging, email writing, copywriting, and even case studies to prove product effectiveness. 

Graphic Design

Depending on the industry, you may need a graphic designer more often than you realize. For starters, you’ll need a logo for your company. A professional can bring a fresh look to the table, creating something that will help you stand out against the crowd. Additionally, you’ll need one for other projects, such as flier creation and social media graphics. 

You may be able to take care of minimal graphic design tasks, but big-ticket items – like a logo that represents your business – should be left to someone with more expertise. 

IT Services

One of the most commonly outsourced tasks nowadays is IT. Technology drives the business world, and you can’t afford delays or downtime. Plus, having an internal department can be costly. You need to consider fair wages, training costs, and equipment. Fortunately, IT services in Corpus Christi are affordable. Most managed service providers offer packaged plans for a low monthly rate. Plus, they’ll stay up-to-date on the latest technology – so you don’t have to worry about falling behind or risking your cybersecurity. 

Project Management

Managing your client base can get tricky as your company grows. If you constantly fall behind and miss deadlines, it may be time to outsource your project management to a professional. They can assist with organizing tasks and communicating goals effectively companywide, improving the quality of work, and ensuring you never miss a due date. Plus, they can offer additional insight on outsourcing specific tasks in other company areas to improve workflow. 

Sales

You are amazing at what you do, but you may not be the best at selling your products. Plus, lead generation and persuasion can be annoying for anyone who isn’t a natural salesperson. Some prefer to avoid trying to “sell” a product or service – regardless of its usefulness. This is especially true for people who may not have the best product or service knowledge. Therefore, to better focus on your business and increase profits, outsource your sales tasks to someone who enjoys the job. 

Administration

Daily administrative tasks can get tedious and irritating. Plus, they take away from you doing what you love most. As a result, many business owners outsource their organizational needs to freelance virtual assistants. These VA’s usually provide social media management, scheduling, data entry, and more. Once you outsource your administrative tasks, your workload is reduced significantly, giving you a better work-life balance. 

Web Design

If you want to look more credible, you’ll need a professionally designed website to showcase your services to your potential clients. Furthermore, having a website can boost your sales when you start a blog that provides valuable information for your readers. There are programs where you can build a website yourself, but the result can be clunky. Plus, one minor UX/Dev issue when publishing can throw your whole site off – so it’s best to have a professional do it.

Conclusion

Many business owners find themselves overwhelmed with tedious tasks that they never expected. In fact, as your client base grows, the clerical work can build up, taking away from working your dream job. To avoid this, you should consider outsourcing specific tasks to make your life easier. 

However, finding reliable freelancers or firms can be tricky. So ensure you do your due diligence in research to find the right people for your company. Read customer reviews and ask for samples of their previous work before handing over your money.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Which Tasks To Outsource For Company Excellence appeared first on OpenBusinessCouncil Directory.

Operating as a sole proprietorship is simple, but that simplicity comes with a price. Since your business isn’t a separate entity, your personal assets and credit are always at risk. As soon as you start acquiring employees and property, forming an LLC is necessary to protect yourself.

What you Need to Start a Limited Liability Company

Unlike a sole proprietorship, an LLC can keep business assets separate from its owners. But to receive that protection, you need to gather and sign the following documents for most states.

1. IRS SS-4 and Name Reservation Forms

A sole-proprietorship doesn’t need to obtain an Employer Identification Number (EIN), but business owners must get one to start an LLC. American citizens can apply for an EIN online to receive one immediately. You’ll need your EIN for tax forms and other business documents.

Along with an EIN, you’ll also need to submit a name reservation application before writing your operating agreement and articles of organization. To search for name availability, go to the secretary of state or corporation bureaus’ websites, then file a name reservation form.

2. An Official Operating Agreement

An operating agreement is an important document used by LLCs. But, what is an operating agreement? These agreements outline a business’ financial and functional decisions, like regulations, provisions, and rules, for the purpose of governing internal company operations.

Your operating agreement should include:

• Business name and address
• Registered agent name and address
• Member names, roles, and contact information
• Member ownership percentage
• Manager names, addresses, and contact information
• Formation date and planned duration
• Compensation plans and profit and loss statement
• Policies and processes for adding or removing members 
• Voting rights and meeting schedules

An operating agreement is mandatory in New York, Missouri, Maine, Delaware, and California. LLC owners that don’t draft this document elsewhere must govern by the state’s default rules. Either way, an operating agreement declares the LLC structure as a separate business entity.

3. An Articles of Organization

An article of organization is similar to an operating agreement, except it’s a mandatory document filed with a state government. This document ensures that your LLC meets the specific requirements in your state to operate. An articles of organization will include:

• Business Name: Write it as it appears on your name reservation form.
• Business Purpose: Outline what services your business will engage in.
• Duration: If your business has a dissolution date, state it here.
• Business Address: State the primary headquarters of your operations.
• Ownership: List every member and their contact information in your business.
• Registered Agent: Declare the person/business who will manage your legal duties.
• Management: Note who will manage the members of your LLC.

All states have a fill-in articles of organization template you can use. Simply follow the instructions and submit your document before registering with the Department of Revenue.

4. Register Your Business

Most states require LLCs to register with the Department of Revenue under at least one tax type. Your tax status depends on your business, but employer taxes, sales and use taxes, and business entity taxes are commonly used. You can register using the form on your state’s site.

5. Get your Business Licenses

Some states or business types require one or more business licenses. Specific industries are more regulated than others. For example, the foodservice and healthcare industries have strict regulatory requirements that you need to update yearly, or you risk losing your business.

For instance, if you are starting an LLC in Florida, the most common type of business license is a business operating license, often called a “business tax receipt”. These licenses can help you to operate all types of businesses and will be nearly identical in all cities and counties across Florida. You can even conduct additional research by checking DBPR, DACS, or FDOH for licensing requirements, to understand the kind of licenses your business will need.

If you fall into one or more of the following criteria, you’ll definitely need a license or insurance:

• Professionals who run a business out of their home
• Business owners who own a building
• Industries that require higher regulatory measures
• Job titles that require licensing (i.e., engineering)

You can apply for the majority of your business licenses online via your state’s website.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post 5 Things You’ll Need in Place to Start an LLC appeared first on OpenBusinessCouncil Directory.

Research shows that marketing firms that achieve beyond their revenue goals are able to do so by applying personalization techniques 83% of the time.

Gone are the days when marketers used to plan and execute a campaign based on mere assumptions or a gut feeling about audiences. Today, marketing campaigns are driven by a more reliable method – audience data.

What does your target audience want? What do audiences think about your brand? Is your marketing campaign in alignment with your audience’s needs?

These are some key aspects that you need to know to make your marketing campaign a success.

There is no better way than getting the answers from the audiences themselves.

Businesses are now relying on big data resources to get accurate customer insights that can add value to their marketing efforts.

Why not give your marketing campaigns the power of such big data?

Here are some ways in which audience data can elevate your marketing strategies:

Helps you reach your target audience at the right time

A major proportion of your marketing success depends on timing. Your product/ service may be efficient at addressing an existing customer problem or may make their lives better in some way. To enable your product/service to attain its goal, it has to reach the target audience at the right time.

In traditional marketing, marketers leverage limited market research data accessible at that point of time, and their beliefs regarding the target audience, to make marketing decisions. This method may yield results, but not with consistency. There is a risk of failure in this trial-and-error-based approach.

Data-driven marketing businesses, on the contrary, support their marketing decisions with data. They may use the services of big data companies or employ in-house big data systems to get accurate, deeper, and comprehensive information about target audiences.

What’s more? They can even get access to real-time customer data that can be a complete game-changer for the campaign.

Gives you valuable insights for personalization

Successful marketing campaigns are those that engage with their audiences. Engagement is possible only when your marketing is customer-focused and relevant to their lives. You cannot inspire trust for your brand or marketing message in audiences unless you personalize.

Audience data helps you overcome the drawback of insufficient or inaccurate audience data by giving you key insights such as audience demography, online behavior, purchase history, and pain points.

These insights, among others, enable you to personalize your marketing message and convert it into a one-to-one brand communication with your target audience.

Does this strategy work?

Research reveals that companies that conceive marketing strategies based on their audience data earn anywhere from 5 to 8 times more revenue on their allotted budgets. With fact-based personalization, you can expand the potential of your strategies for maximum marketing success.

Gives you access to customer information across marketing channels

Data-driven marketing strategies are based on data collection from multiple channels where your customers may have a presence. You get access to streams of data across sources. These include television, radio, and news sources; search engines; social media; apps; and media such as videos and podcasts.

This is high-quality data because it is coming straight from your target audience. You can convert this huge volume of data into crucial intelligence for your marketing campaigns. For example, you can identify channels that have the best customer presence.

You can apply your marketing campaigns to these channels. Your marketing will have the maximum possible reach.

Data-driven campaigns will be more in tune with your customer expectations. With efficient big data planning, you can even create a highly one-to-one marketing experience for your customers. 

Provides insights into your most valuable customers

The beauty of data-driven marketing is that the marketing and brand success you experience is not temporary. Big data systems can be integrated with your existing CRM systems or predictive analysis systems to create customer profiles and predict their purchase behaviors.

The entire infrastructure gives you critical customer insights, such as their purchase patterns and sales potential. You can identify customer profiles that mean revenue for your business and those that are superficial leads.

This is critical business intelligence that helps you focus on your most important customers. Data-driven insights also enable you to acquire new customers and strengthen relationships with existing customers.

Helps you deliver super-performing products/services

There is no better marketing than a high-quality product/service.

Deliver the best product/service that your customers are happy about, and watch your customers become your brand ambassadors.

Audience data empowers you with insights required to develop such products or services. Inputs such as target audience needs, demography, and expectations can help you improve your product development. You will increase your chances of product or service success with a fact-based approach to development.

Helps deliver outstanding customer experiences

With data-driven marketing, you can predict your customers’ brand expectations. You can reach out to them with the right marketing message at the right time. You can communicate brand messages that you know will make the right impact.

This is also an opportunity to upsell or cross-sell other products/services. But you will be doing so knowing that your customers are in need of a specific product/service. As a result, the experience will be outstanding for your customers.

When you do so consistently, you create loyal brand followers.

In conclusion

87% of marketing professionals believe that their organization’s data assets are poorly utilized. 64% believe that marketing efforts based on data are critical to their organization’s success.

These insights are an opportunity to realize the value of your data assets. Leverage your company’s big data assets for developing well-planned marketing strategies. It is a valuable opportunity to make your brand stand out!

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post How Audience Data Can Help Your Company with Marketing Strategies appeared first on OpenBusinessCouncil Directory.

Transport is a crucially important part of any business – whether for employees travelling to and from clients and the office, executives travelling to meetings or for the safe delivery of goods and services. With businesses opening back up fully following the ravages of the COVID-19 pandemic, and hybrid-working becoming a new normal for many businesses, it may be time to introduce a company car program in your business to facilitate easy travel for yourself and your staff. But choosing which models to offer can be a difficult task. Here are three of the chief things you should consider before choosing a company car.

Sizing

The size of your company car should very much depend on your role, and the kind of tasks you intend to undertake using it. For example, as a tradesperson or travelling engineer, you may need a significant amount of boot space for your equipment – necessitating the use of a van for your work.

As a salesperson or executive, you would instead be looking for a statement car, with enough room for comfortable drives up and down the country – meaning an executive saloon car would be better suited for you. Lastly, if your business is entirely city-based, you might want to consider a cheaper – and smaller – hatchback solution, enabling you to comfortably nip down alleyways and fit in compact car parking spots with ease.

Electric, Fuel or Hybrid?

The next consideration for you to make is your new company car’s fuel type. Should you opt for a fossil-fuel powered car, a new electric vehicle or a hybrid model? With the UK government set to ban the sale of new petrol and diesel cars in 2030, the country seems to be slowly moving away from fossil fuels as a fuel source for cars, meaning choosing an electric vehicle could be the right choice not only environmentally but also with regard to infrastructure.

However, while current electric vehicles have an impressive range, charging points are harder to come by than petrol stations – meaning if you’re likely to be making a lot of long journeys, petrol cars could edge ahead.

If the kind of driving you would be doing incorporates both city driving and cross-country, consider a hybrid alternative, wherein petrol is used for long-distance, high-speed driving and an electric battery kicks in for more economical city driving.

Cost Efficiency

Cost efficiency is an important factor to weigh up when looking at a company car – the cost of the car in and of itself is not the only cost the car will have to your business. There is road tax based on emissions, service costs, and you will also have to factor in motor trade insurance, a must-have for businesses with regard to company cars.

Altogether, will the cost of this new vehicle, and the overheads associated with it, be justified by the use it will receive? If the answer is no, you may have to refine your search for cheaper models, lowering certain expectations in the process.

Are you looking for a new company car to help you with your work? Take on some of these considerations when conducting your search and you should be left with the perfect company vehicle.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Three Things to Consider When Choosing a Company Car appeared first on OpenBusinessCouncil Directory.

COVID-19 turned the financial world upside down. The initial stages of the pandemic led to large-scale lockdowns, which led to unemployment figures exploding to

Even hospitals, which people have become reliant on to help them when they’re sick, started to struggle due to overwhelming numbers of people being admitted for COVID.

The population has also been tested, with many people abiding by mask requirements and those that tested positive but were asymptomatic wondering why people are so afraid to go out in public or why businesses closed.

COVID impacts different people differently, and even businesses are impacted differently.

As a global downturn is hitting economies across the world and governments try to prop the economy with stimulus checks and other measures, some businesses have managed to break revenue records.

Which businesses had some of their best quarterly and yearly earnings in 2020? 

Zoom

Zoom calls have the pandemic to thank for enjoying a 367% increase in revenue at the end of the third quarter in 2020. The company benefitted from the work-from-home movement, as employers started to use Zoom to have meetings and client calls.

The company’s fiscal Q3 revenue was $777.2 million, with over 485% year-over-year growth in customers and over 10 employees.

Zoom has grown drastically in the past year, with substantial growth that isn’t likely to slow as video-first communication continues to be one of the most important parts of working from home.

In fact, West Houston is a prime example of big enterprises relying on Zoom. Known for being home to many of the world’s largest oil companies, big names have over 10,000 employees using Zoom and working from home, including:

• BP America
• Conoco Phillips
• Shell

The Energy Corridor business district, often overrun with employees filling businesses, rely on Zoom to bring communication together for thousands of corporate employees. 

Amazon.com

Amazon.com has capitalized on the pandemic as the world’s largest retailer. Prime subscribers were able to have essential items delivered to their doors, many in two days, and stock for items across a variety of categories suddenly ran low.

The company was able to increase net sales in the US by 37% in the third-quarter and has capitalized on their own delivery service.

Whether you’re in Houston or in North Carolina’s mountains, you’ll find the Amazon Mercedes Sprinters delivering packages to doorsteps virtually everywhere.

In North America alone, Amazon has hired over 400,000 people to fill positions in warehouses, as drivers and everything in between. Amazon is one of the first companies to increase minimum wage to $15 and has sparked the same trend among other large retailers.

Jeff Bezos, the current CEO and founder of Amazon, has positioned the company for growth for the foreseeable future. Not only does Amazon sell virtually everything, they’re also one of the largest players in the cloud computing industry and are planning to launch their own satellite Internet service in the coming year.

Amazon is one parent company that has shown it will remain profitable, even while other companies are shutting their doors.

Car Insurance Companies

Car insurance companies started the pandemic by offering consumers rebates and discounts on their auto insurance. The practice helped put car insurers in the spotlight, as millions of people struggled to pay their bills.

The companies did help their policyholders by offering discounts, but they also benefitted from the pandemic.

An overabundance of people are driving less often and working from home. City streets are less congested and crowded, resulting in a huge drop in car accidents being reported across the country in 2020. Insurers benefitted from paying out less claims and being able to funnel a lot of that money back into their businesses.

Insurers are still stuck paying insurance policies, while the risk for the insurer has dropped significantly.

What does this mean for insurance companies? Higher profits. All we need to look at is Allstate’s Q3 earnings to see how quickly net income for these industry giants rose. The insurer posted a 26.7% increase in net income in the third-quarter, rising to $1.13 billion dollars.

The pandemic has changed a lot of what we know to be the “normal” in the United States. But we’re seeing a lot of companies that have become an integral part of people’s lives grow their profits. The companies mentioned above show how some business models are able to thrive even while others are showing they can lose their revenue overnight.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Companies With The Strongest Performance In 2020 appeared first on OpenBusinessCouncil Directory.

The value of business data is immense, and any company that doesn’t wish to be left behind
understands that fact quite well. Now, the real question is, are their efforts enough? As there is no
single, universal answer to this question, go through the following to find out for yourself.

Find and Hire the Right People

As of now, finding and hiring data scientists, data analysts, machine learning experts and data
visualisation specialists is a key priority for many of the world’s leading companies. There are, however, three problems that most smaller organisations face while trying to find quality talent for their company’s analytics needs:

1. They don’t know what makes a good data analyst or scientist and where to find them
2. They don’t know what they actually do! and how to make your company attractive to them
3. They don’t have the budget to hire data scientists, data analysts, and data visualisation experts full time

Datawrk understands these issues all too well, and effectively solves them by connecting companies with the most suitable data visualisation specialists, data analysts, data scientists and machine learning experts.

Datawrk’s online platform enables data professionals to work with more flexibility, which means that even the best data analysts and data visualisation experts can take on short-term projects for smaller companies, helping them excel.

Embed Data Streaming into Business Processes

In order to facilitate faster decision making in a remote working environment, data streaming should now become embedded in the company’s analytics and reporting processes. This allows for real-time actions, eliminating delays on both micro and macro levels.

Alongside the obvious advantages of real-time decision making, embedding live data streams will also reduce the stress of work getting bottlenecked. That is, unless it is swiftly attended to by the leading executives in real-time, via embedded data feeds.

Update Your Data Infrastructures and Architectures

A lot has happened in the last few years, so if you are still using outdated data infrastructure and
architecture, it is most certainly time to think about upgrading. You will need to hire a data architect or data engineer in order to help you make the necessary changes, though.

Understand the Impact of Covid-19 on Data Analytics

We all knew that nearly every industry was slowly shaping up to take a digital-first business outlook in the future, but that future has been sped up exponentially by the Covid-19 outbreak. The importance of understanding data science is greater than ever in 2020, skyrocketing the demand for analytics specialists as companies are increasingly under pressure to do more with less.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Are you Doing Everything You Can To Get the Most Out of Your Business Data? appeared first on OpenBusinessCouncil Directory.

Personal Injury Claims in Atlanta, Georgia

If you sustained an injury due to another person’s negligence or careless actions, you might be able to secure financial compensation from the liable party’s insurance company through a third-party claim.

To successfully file an insurance claim you will have to prove that the at-fault party caused your injuries and present documentation showing the losses stemming from your accident. The insurance company could reimburse you for medical bills and lost wages, as well as compensate you for your pain and suffering.

How Insurance Companies Calculate Your Pain & Suffering

There is no set rule regulating how an insurance company must calculate pain and suffering in injury claims. However, two strategies are frequently used to determine the value of your intangible damages: the “Multiplier Method” and the “Per Diem” approach.

The Multiplier Method: One way to calculate the pain and suffering portion of your claim is through the multiplier method. This simple approach multiplies your total damages by a factor typically ranging from 1.5 to 5.

For instance, imagine you were involved in a car accident that broke your arm and the total economic damages of your claim were $3,000.  An insurance company could multiply that by three (or another reasonable factor) and determine that $9,000 is a reasonable total for your emotional suffering.

The Per Diem (Daily Rate) Method: The second approach is the Per Diem method which determines a reasonable daily rate for living with your injuries and then multiplies that rate by the number of days it took you to recover. The daily rate can be challenging to determine, but it’s common to use the patient’s regular wages since healing after an accident is at least as emotionally draining as attending work every day.

Other Approaches

While the “Multiplier” and “Per Diem” method offer reasonable approaches to calculating pain amd suffering, insurance companies are under no obligation to use them. Instead, many insurance providers use computer programs to calculate this portion of your claim. These programs will often determine a value based on the type of injury and the kind of medical treatment received.

How Much is Your Pain and Suffering Worth?

The value of the pain and suffering portion of your settlement depends on the injury itself and the evidence documenting your emotional losses. The more evidence you have to support your claim, the better your chance will be of recovering the maximum compensation for your injuries.

Some examples of viable documentation include diaries recording your physical and emotional hardships, photographs of the injury, witness accounts, and proof of medical treatment.

Is Your Insurance Settlement Fair?

If the insurance provider offers a settlement that provides for your pain & suffering, you want to make sure that it is a reasonable amount before accepting.

If they used the multiplier or per diem method to determine a ballpark figure, your pain and suffering payment is off to a good start. Next, you should consider any additional circumstances that warrant an increase of that amount. For instance, if your injury led to significant facial scarring, it may be reasonable to increase your damages.

On the other hand, if the insurance company uses a computer program to calculate your pain and suffering, hiring a personal injury lawyer in Atlanta could help you determine whether the offer is fair.

Regardless of how the insurance company will base your settlement, staying organized, informed, and attentive during this process will help you recover a reasonable payout for your injuries.

This is an article provided by our partners network. It might not necessarily reflect the views or opinions of our editorial team and management.
Contributed content

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post How much do insurance companies pay for pain and suffering? appeared first on OpenBusinessCouncil Directory.

The time has come to get a business premise for your company, the question is of course, should you buy or rent this space? This is a question that many business owners struggle to work out, as there are pros and cons on both sides, so it’s just a case of working out which option is the best fit for you and your company.

Bearing that in mind, to help you decide whether to buy or rent a business premise, below is a guide to the ins and outs of each so that you can more easily compare your options.

The initial cost

The first thing to think about is the initial cost that comes with buying property for your business to run from. The deposit won’t be cheap and it’s important that you understand that. While there are plenty of commercial mortgages available, these don’t tend to cover the deposit, so this is something that you would need to get on your own. If you’re desperate to buy rather than renting, then perhaps you could consider bringing a financial investor on board to help make purchasing a commercial property more affordable?

Risk

The next thing that you should consider is the risk that comes with buying. Buying can be a great step to take if you want to put your own stamp on the place, but it’s also important to realize that you may need to require planning permission for certain changes, and there is always the risk that this will be denied.

Responsibility

While purchasing a commercial property gives you greater control over how you use the building and how it is laid out, it’s important to bear in mind the responsibility that comes with purchasing a building rather than renting it. For instance, when you rent, if you wake up and the building has had its roof blown off in a storm, it’s not your responsibility. Whereas, if you own the property, it’s down to you to deal with the issue.

Flexibility

What it’s important to consider when choosing a business premise is flexibility. You need to think about your business and its future, and what the future looks like. If you rent and your business premises become too small, you can easily move to a new location. However, if you own the property that your business is run from, this can be a little tricky. That being said, if you opt to buy a commercial property that has the space for you to expand your business should you need to, this won’t be a problem.

The question of choosing whether to buy or rent your business premises is one that has no direct answer. It’s the kind of question that you need to work out yourself, taking into account your personal situation. Every business is different, which is why every business has different premise needs. Just make sure that when it comes to choosing your business premises that you think carefully about each option and choose the one that is the best fit for you and your company.

This is an article provided by our partners’ network. It might not necessarily reflect the views or opinions of our editorial team and management.

Contributed content

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Should You Buy Or Rent Your Business Premises? appeared first on OpenBusinessCouncil Directory.

As a business owner, you probably spend a lot of time on your company finances. Whether you’re calculating profit and loss or working out the tax for the year, you’re always thinking about the numbers. For this reason, you might be neglecting your personal accounts, as you just don’t have the time for them.

If this sounds familiar then we have some great tips to get your personal finances back on track.

Keep things Separate

If you want to keep a clear definition between your business expenses and your personal ones, then you have to put this in place. This will allow you to understand what’s going on with each side, without getting them muddled up. If you do have trouble with this, then you might want to seek the help of an accountant.

The different sides of your finances should be kept separate, as you don’t want to end up getting into trouble with the law. This kind of muddy bookkeeping will only serve to harm your business in the long term. So define these lines and keep the money separate, even if this means using two separate accountants!

Use a Budget

You probably have a budget set up for your business, right? You know the money that is in the bank and how much capital you have to spend. This gives you a clear direction on what you can afford and how you will grow your business moving forwards. So why don’t you have this in your personal life?

You can open online bank account with the likes of BB&T to have on demand access to your finances. From there, you can assess your current spend on things like food and bills, working out whether you’re sticking to that budget or not. This will help you to save and possibly have more money to invest in your business in future.

Plan for the Future

Again, this is most likely a practice that you employ within your business. Therefore you have to think about where it comes into your personal life too. As a business owner, your income can be more sporadic than a regular worker and you have to plan for those rainy days. When the going is good, take time to plan out what you’ll do with that extra money.

If you have kids and a family to support, this becomes even more important. You can look into income protection and insurance so that if you ever become unable to work, you can still support them. This kind of forward planning is a great idea to secure your earnings into the future too.

If you have the time to plan for this, then you will thank yourself in the long term.

With so much to think about as a business owner, your own finances can fall to the wayside. However, you can impact your future earnings if you don’t think about this. As a business owner, you don’t want to leave yourself open to this kind of danger, whether that’s in business or in your personal life.

This is an article provided by our partners’ network. It might not necessarily reflect the views or opinions of our editorial team and management.

Contributed content

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Managing your Personal Finances as a Business Owner appeared first on OpenBusinessCouncil Directory.