Five things to consider before starting a Business


19 September 2019


starting business

Starting a business is not an easy thing. As there are a lot of things that determine how it will go on in the market in which it will be established. Whether if clients will get attracted to it or not, and most importantly, the competition. Every year, hundreds of businesses go to losses, due to poor marketing strategies and fail of a product update. You can be in these conditions too. Starting a business is easy, taking it to the top is almost impossible.

Well, the top businessman like Sheldon Barris and others had their strategies to be the best. Sheldon Barris Toronto has carried on a multitude of other personal and business ventures and enjoyed success in not one, but two careers for more than three decades. If you want to be one of them, here are five things to consider before starting a Business.

Launch your idea in the right way:

Almost, 95% of businesses that became global today started from a small idea. But their right implementation and marketing made it what they are today. All ideas work for business. But you need to know how to launch it the first time. Let people know about it. Use the internet to reach millions of people and let them know your product.

Compete with the market:

For business, the market is everything. It makes a small idea into a trend if the market loves it. Know one thing, there will be always competitors in every field of business. You have to tackle and beat them to stay at the top. Start your business, but learn from the market. See how and what your competitors are using to take on the market. Use similar tricks and strategies to gain popularity.

Take advice from the best:

To make your business great, turn up to the best ones and see how they did it. Make a habit of listening to lectures from the big businessman, top entrepreneurs, business conferences, even set up appointments and interview them yourself, to gain in the right knowledge. Read books on marketing and strategic business development. Every single bit of knowledge gained from these will set up your business bit by bit. Get yourself practical to the world experiences and how products sell out from the best companies.

Make sure your name is yours:

A proper business name is highly valuable. As it defines your product, profession, and what you will offer the public, it is essential to come up with a unique business name.  Before starting your business, try to research on the internet. See if your name hasn’t been already taken. Using a trademark name that’s already been used and failed might prove a huge loss to your new well-started product line. You don’t want that, do you?

Invest in the Right Place:

Investing in the right place, makes a business grow in the right way. Spending money only on the product line might not prove that good. As your sales are determined, how much it is known to the common people. Since they are the ones who will be buying it on the first hand. Keep your investments categorized for managing, product, assembly line, marketing, capital shares, product handling, and others that you can think of.

Spend efficiently in all the fields to develop your business in all the ways.

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I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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Network Downtime

Incredible Ways To Minimize Network Downtime For Business

It is safe to say that the Internet is the backbone of every business. It allows companies to access all the important tools that can streamline the entire workflow. Thus, all successful organizations need access to a steady internet connection so they can complete all the work efficiently without any delay.  This is one of the reasons that being disconnected from it for a few minutes can pose major internet issues. The mere reason is that the major financial costs associated with network outages are massive. One major issue of downtime is data loss. The companies cannot afford to lose their time or clients because of poor internet connection, issues in the system, internet outages, and so on.  Thus, do not take network downtime lightly, as it can turn into a serious issue that can cripple your organization’s entire workflow.   One way to reduce network downtime is to have a blazing-fast internet connection, so all the employees can complete the work without any delay. So, whether you are a remote worker or a hybrid employee then we suggest you choose WOW! Internet.  It offers a quality fiber-optic connection, which is exceptionally fast and does not slow down even if a plethora of devices are connected to it. It works during harsh weather conditions because the technology is buried underground. The provider even offers unlimited data with some of its plans. You can reach out to its customer support team for more information regarding its internet plans and prices.  Give this blog a good read to know how you can minimize network downtime to prevent network downtime for your business.  Run External and Internal Analysis  If you feel that your workflow is experiencing frequent downtimes, then you should first analyze the root cause of the issue. For example, you should know whether the internet downtime is because of frequent internet outages, system failure, power failure, or so on.  But please know that even if the organization is not currently facing any network downtime, you should still have a backup plan ready by making a list of all the possible causes that might affect the performance of your work. Yes, you read that right whether you have a small business or work for an organization. If it is possible for you then we suggest you can research it or ask a technician to guide you so you can purchase a good software to tackle this issue.  Invest in Power Backup Solution  Power outages are one of the common causes of network downtime, as they can disrupt the operation of network devices, such as routers, switches, servers, and computers. In addition, a power backup solution, such as an uninterruptible power supply (UPS) can provide backup power to your devices and Wi-Fi network devices in case of a power failure, and allow them to continue functioning until the power is restored.  Moreover, a power backup solution can also protect the network devices from power fluctuations, which can damage or degrade their performance. Thus, if you have the budget then investing in a good power supply is indeed a viable solution.  Use Quality Backup Servers If you are a remote employee then you must ask your organization for backup servers, where you can store the data safely. This tip can save the business from extensive data loss which can affect the business operations in the future. Thus, you can use good applications or software and perform regular backups to avoid losing sensitive data in times of downtime.  The mere reason is that it takes a lot of time and effort for companies to gather precious data and it can lose all of it in a few seconds in times of network downtime.  If you feel some backup servers are expensive then we suggest you use Google Drive as it is free and allows employees to easily save their files and folders.  Get a Speedy Internet Connection  Most of the time people choose the wrong speed tier or traditional internet connections to save money and then their work suffers at large. Yes, there are several types of internet connection but we suggest you choose fiber-optic internet connection as it is considered to be one of the fastest types of internet connection which works during all weather conditions.   If it is possible for you we suggest you choose a redundant network connection. This means you have to deal with two or three different ISPs for the internet services. So, if one connection is not working, then you can simply switch to another. But for this, you need to ensure that you have a good budget.  Use Advanced Equipment  Please do not use cheaper equipment just to save a few bucks. Please know that your cable modem, router, computers, and all other devices should not be of mediocre quality or outdated.  You should keep in mind that purchasing some low-quality items can help you save money initially, but in the longer run it can affect your business at large.  In the End  When it comes to business operations please know that temporary delays can hurt its productivity which can cost several millions of dollars. Fortunately, there are certain ways to prevent the common causes of internet downtime.  We have listed some of the tips above but you should be careful and have a backup plan ready so you can avoid delays and network downtime in your business operations.  Read Also: Linksys Vs Netgear: Quality Vs Features How To Find The Fastest Available Internet In Your Area? Pinterest Hack: Download Videos Effortlessly With Mod APK

Company registration

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

Unified Communications

A How-To Guide For Every Entrepreneur – How To Use Unified Communications

Unified communications are the best way that remote workers can stay connected, collaborate on import files, and communicate with one another. Let’s see what unified communications are and how this can benefit your business. How to use unified communications - everything that you need to know as a new business owner The first thing is - what is unified communication? Before you can begin to use this technology for the benefit of your business, you need to know what it is and how to use it. Unified communications are a type of collaboration and connection method provided by SignalWire that makes it possible for businesses to use collaboration tools and other integration methods to allow people from all over the world to use the same systems. By making it possible for people to use the same resources and the same systems, it enhances collaboration from teams across the globe. Unified communication makes it possible for remote workers for digital businesses to stay in touch and collaborate without having to share resources - something that can cause a company-wide slowdown or glitch. Instead, professionals can both utilize resources and apps that make it easy to connect with others via the cloud and remote software. Basically, unified communication provides the ability for remote workers to use file sharing, important document editing, video conferencing, face to face video calls, audio calls, team collaboration, SMS instant messaging, voice calling, and messaging to make it easy to connect with others in remote locations on the same project. But why should you use unified communications as an entrepreneur? If you are going to be hiring various employees, unified communication has many benefits for your business. Some of the main benefits of utilizing unified communications include: Increased daily productivity - since you will spend less time having to use obsolete collaboration methods and only have one person work on a file at one time, unified communications allow teams to continuously edit and share import files without having to stop and wait. Cost-effective - the second benefit of unified communications is that it is more cost-effective than other file sharing and communication methods due to the lower initial costs. Higher performance - the third benefit of using unified communications is the higher performance level that helps you easily solve your problems and improve your standing in the industry. Higher user experience - the last benefit of using unified communications is that it is easy for the user to figure out and use as a beginner. By using unified communications, businesses can now combine connection, collaboration, and communication in one. The unified communication makes it possible to share collaboration tools so workers in various locations can work on the same project - along with being able to remotely work together, the communication tools in unified communications allow workers to speak about the changes being made on the shared files. Conclusion Using unified communications is the best way that businesses can stay connected by using online messaging systems and remote tools. By enhancing collaboration, businesses make it possible to boost daily productivity levels and increase user experiences. Read Also: Top 10 Apps for Team Communication and Remote Work What Is Integrated Marketing Communication in 2020 [Full Guide] 5 Communication Tips for Introverts in College