5 Reasons Why You Should Invest in APM

Published on: 18 November 2017 Last Updated on: 12 September 2024

Monitoring today’s distributed applications has become a complex task. Many business applications run on multiple platforms, from on-premise data storage to cloud computing and even multi-geographical deployments. Monitoring these applications, especially those that are custom made for your business is critical to ensuring seamless functionality and usability.

Why should businesses invest in application performance management (APM)? Here are five reasons why:

Business Continuity

Businesses that use APM tools to optimize their operations see up to 60-70% reduction in downtime. IT services are at the heart of any business, and without the assured availability of those, any downtime could mean millions in lost revenue for your business. According to a Stackify article on 6 types of ROI for APM, effective APM helps mitigate the risks of potential service disruptions that could adversely affect business operations.

Application performance management tools help keep an eye on core services by ensuring they maintain the expected levels of availability. They also play a huge role in ensuring more efficient troubleshooting and promoting safer application upgrades. Enterprises that invest in the latest APM tools deal with less downtime and enjoy better business continuity.

Improved End-User Experience

Improvement in application usability, quality and availability create a better user experience and more productive business interactions with all users, both internal and external. Enterprises are increasingly looking for APM solutions that are able to rapidly diagnose problems in real-time to ensure user satisfaction.

User satisfaction is the biggest benefit of APM, and choosing the right solution keeps you one step ahead of the game. An APM’s mandate is to fight complexity by providing you with deeper visibility and performance insights that help you increase productivity and improve end-user experience.

No More Over-Reliance on Costly Experts

As more businesses adopt new and more complex technologies and multiple application infrastructures, dependence on costly experts tends to increase. Unfortunately, experts, no matter how skilled, never scale. What you need is end-to-end visibility and control of all your business applications and entire enterprise infrastructure, and APM offers that.

The right APM solution can become an expert-level work system that even allows junior level support engineers and IT, experts, to be more effective in monitoring application performance much quicker. Decreased reliance on costly experts means savings for you without sacrificing the functionality and usability of your business infrastructure.

Greater Innovation

When business applications are well managed, development teams deal with fewer performance issues and can now invest more of their time in delivering new innovations to enhance business operations and help you make decisions much faster. Through improved collaboration and knowledge sharing across the entire enterprise, issues can be resolved quickly and unnecessary problems avoided so that development teams can focus more on innovation.

Better Business Sales

Considering that most businesses rely on critical applications that influence their image or revenues in one way or another, the performance and availability of such applications must be prioritized. Any issues that could lead to user complaints could have a significant impact on business performance. APM solutions help ensure smooth performance and availability.

The benefit of service availability and great performance is better business sales. APM tools help you quickly detect, diagnose and resolve application performance issues so that you can better improve customer experience and boost sales. Remember that choosing the right APM is key to helping you achieve the desired monitoring insights.

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How to Retain Your Top Employees While Growing Your Business

Being the CEO of any business enterprise usually requires you to wear lots of different hats — one minute you are in charge of marketing, followed by accounting, and then customer service after lunch. However, the role that most entrepreneurs tend to struggle with above all others is hiring. The hiring process can be tedious and time-consuming, so once you have found the right person for the job it is imperative that you can retain their services for as long as possible. Of course, when you are trying to run a business, this is often easier said than done. Luckily, Victor Mitchell has listed some things that you can do to incentivize your best employees to stick around, such as: Recognition: As an entrepreneur, it is extremely easy to get caught up in the hustle and bustle of the average work week. Before you know it, you have made it all the way to Friday, and you have barely spoken to your employees at all during the week. However, if you want to retain your best employees, you need to make a conscious effort to take some time out of your day to speak with them and let them know that they are doing a good job. A simple pat on the back can go a long way. You can even arrange a larger quarterly or annual awards ceremony where you hand out some certificates or trophies for added recognition. Compensation: Though employees and employers alike often try to ignore the issue, money is always going to be one of the main reasons why a person might decide to join or leave a company. This does not mean that you need to pay your employees way over market value to retain them, but it does mean that you should at least make sure that they are receiving a fair compensation package relative to the work they are doing. Markets shift and employees learn new skills, so make sure that their compensation package reflects their real value or they may begin to look elsewhere. Flexibility: For many skilled positions, it isn't necessary for the employee to be sitting at their desk in the office from 9 a.m. to 5 p.m. As such, your employees are likely to be appreciative of a little flexibility when it comes to their work schedule. You could allow them to work from home occasionally, or will enable them to create their work schedule (within set parameters). Your employees are likely to find it difficult to replicate this kind of flexibility at another workplace, so they will be much more likely to want to stay in their current jobs instead. Of course, it is important to remember that employee retention is an art, not a science. This means that you will ideally take the time to get to know the specific needs and desires of your employees before launching any retention initiatives. After all, there is little point in offering a raise to an employee who wants to be able to work from home more often. However, by speaking to your employees about their preferences and employing some of the tips contained in this article, you will find that your best employees are much happier and willing to stick around for much longer. Read Also: Is Your Company Offering Enough To Potential Employees? Don’t Do The Math: 5 Reasons Outsourced Bookkeeping Services Are The Right Choice For Your Business

Why Registering a Company Online Now Becomes Easier

Are you looking for business opportunities in Singapore? This is an excellent choice because Singapore ranks 2nd in the world, in the ease of doing business. Singapore is also one of the most advanced financial centers in the world, acting as a headquarters for thousands of global brands. The ease of doing business starts right at the beginning stage of registration. Foreigners can easily register a company in Singapore, as well as get an employment pass. Singapore has outdone other competitors in Asia with entirely paperless business registration. Company registration is done in 1.5 days if the documentation for registration is right. Benefits of Online Registration Register from anywhere in the world You don’t have to come to Singapore to register a company. You can submit all the documentation online. Better yet, you can use a company incorporation Singapore service to register your company. This service is offered by a team of professionals who are conversant with the documentation and procedures required to register a company. Affordable Paperless registration translates into lower costs for registration. Paid-up capital is only SGD 1.00 which is very friendly for small businesses. Fast Online processing has allowed cutting short the duration needed for company registration to 1.5 days. You can start your business operations within a week after landing in Singapore. Who Can Register a Company in Singapore? Both Singaporean nationals and foreigners are allowed to register private limited companies in Singapore. Shareholders can be individuals or companies. Singapore is one of the few countries that allow 100% foreign shareholding. However, bankrupt people and those with criminal backgrounds are not allowed to operate businesses in Singapore. A foreigner who wants to register a company in Singapore should; Have at least one director who is a Singapore resident. This could be a Singapore citizen, or a person holding a permanent resident visa, or someone holding an employment pass. Hire a filing service for company registration. This is a team of professionals, usually lawyers, accountants, or company secretaries. They are familiar with the documentation and procedures needed to register a company correctly and in a short time. What Are the Procedures in Company Registration? Step 1 – Name Approval Companies in Singapore are registered by the Accounting & Corporate Regulatory Authority (ACRA). You should submit at least 3 names for approval. Guidelines for company names include; No vulgar or offensive wording The name should not already be in use by another entity or be part of another company’s trademark. If the name includes words like bank, media, finance, or educational it shall require further approvals by the bodies regulating these sectors. ACRA reserves the approved name for 60 days, with a further 60 days extension. Step 2 – Document Preparation The required documentation for a private limited company registration includes; The name approved by ACRA Description of a maximum of 2 intended business activities in Singapore The registered office address Singapore or the physical address of the company offices. Consultants can operate from a residential address but must show landlord consent. Particulars of shareholders. Foreign shareholders are required to supply a copy of their passport and proof of residence in their country. Company shareholders must submit a copy of their Articles of Association and Memorandum of Association. Particulars of the Ultimate Beneficial Owners. These are shareholders with more than 25% ownership in any level of shareholding Particulars of directors Particulars of a data protection officer to comply with the requirements of the Personal Data Protection Act 2012 (PDPA) Particulars of the company secretary. This role should be appointed within 6 months of registration. The company secretary can be a filing agent. This is often offered as part of the package in business registration services. Paid-up capital. The initial paid-up capital is SGD 1. This can be increased after registration KYC documentation Singapore has strict anti-money laundering laws, which require Know-Your-Customer guidelines to be followed when registering a company. Individuals must show proof of nationality, proof of residence, and describe their professional or entrepreneurial background. Corporate shareholders must show a Certificate of Incumbency if they are offshore companies registered in places like the Caymans. Step-3 Submitting the Documents ACRA maintains an online portal on which the documentation is submitted for registration. The Certificate of Incorporation is generated electronically within 1.5 days. But company registration can take as long as 2 months if further approvals are needed from industry regulators. Why Use a Business Registration Service? Get a full corporate kit – You get a package that helps you start operating as soon as possible. This includes the Certificate of Incorporation, Company stamp, Memorandum and articles of Association, and the minutes of the first board meeting. Help in the processing of an employment visa if you want to relocate to Singapore Help in opening a corporate bank account Singapore is one of the most attractive investment destinations in the world. You get world-class financial services, good infrastructure, and a stable business environment. If you are looking for investment opportunities, work with a business registration service for quick company registration. Read Also: How to Register Your Company in China Fast

How Business Owners Can Better Utilize Freelance Work

Small businesses don’t always have a ton of cash or room to make costly mistakes, so every penny, every asset, every minute, counts. Often, small businesses will turn to freelancers for certain projects where they need expert help, but that can also take a hit on your bank account, so ensuring the freelancer does good work is crucial. Sometimes though, the freelance work falls short, leaving the small business low on funds with a deliverable that is unusable. So how do you avoid that? Let’s talk about a better way of finding freelance workers for your business. Revenue Sharing Model Each freelancer can be paid differently. Some are paid upfront or given equity, others are paid a percentage of the final revenue, and some are paid when the job gets done. Here’s the best thing a small business that is low on upstart funds can do when it comes to hiring a freelancer: Adopt a revenue-sharing model. What that means is the freelancer gets paid when you do. They’ll complete the project, deliver all final assets to the business owner, but they’ll only get paid if and when you start making money. There will be a percentage that is agreed upon by both parties before the project begins, and if your business starts bringing in revenue, you’ll then pay off the percentage owed to the freelancer. If your business never makes money, you do not have to pay the freelancer a dime. Why is this a good idea? First of all, it decreases the risk for the business by waiting to pay the freelancer until there is secure revenue coming in. Second, with this idea in mind, freelancers can do some of their best work. They aren’t just getting paid to finish a job, there’s a higher expectation of their work. They understand that if their work is mediocre, there’s a lower chance of them getting paid. It’s in their best interest to do the best work they can, not only to help you as a business owner but to help themselves as well. Develop a Relationship Far too often, businesses pay freelancers for work only to be unsatisfied with the end product. Many times this is due to a lack of communication on one or both sides. To ensure that you are getting quality service delivered from a freelance worker, it’s important to have an understanding relationship. Here are a few tips on how to accomplish that: Describe Your Communication Style If you’re not sure what your communication style is, it’s not a bad idea to find out or develop a system that works for you. Some people have very blunt ways of communicating while others are timider. Talking about your preferred communication style with the freelancer you hired will help to avoid conflict, assumptions, and hard feelings. Explain Your Needs Don’t be afraid to express where there are gaps in understanding. The freelancer is there to be an expert in an area that you may not be familiar with. It’s okay to say things like, “I’m not sure I understand that, could you explain how that works?” The more you can understand the process, the better you’ll be able to communicate and get an end product you’re happy with. Do Your Part If you feel there are gaps in understanding, take a step back, and see if there is anything you might have left out in communication with the freelancer. Sometimes we get in our own bubble and assume other people understand what we are talking about when in reality we need to explain certain things in more depth. Good Luck! Some of these tips may seem like a no-brainer, but you’d be surprised how often business owners fail to communicate well with the freelancers they hire. If you can adopt these practices into your business model, your freelancers’ work will improve significantly and you won’t have to worry about an unfortunate loss of precious funds. Read also: 5 Office Organization Tips Every New Business Owners Must Know The significance of face-to-face networking for freelancers Five Reasons Why Freelancers Should Use a Coworking Space 5 Most lucrative home-based business opportunities

5 Reasons Why You Should Invest in APM

Business Continuity

Improved End-User Experience

No More Over-Reliance on Costly Experts

Greater Innovation

Better Business Sales

Five Reasons Why Freelancers Should Use a Coworking Space

7 Ways To Stop Spending So Much On Printing In Your Business

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Related

How to Retain Your Top Employees While Growing Your Business

Why Registering a Company Online Now Becomes Easier

How Business Owners Can Better Utilize Freelance Work

5 Reasons Why You Should Invest in APM

Business Continuity

Improved End-User Experience

No More Over-Reliance on Costly Experts

Greater Innovation

Better Business Sales

Share this Article

Five Reasons Why Freelancers Should Use a Coworking Space

7 Ways To Stop Spending So Much On Printing In Your Business

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related