IT Quick Fixes for Your Business During the Crisis by Paul Belogour

Published on: 08 April 2020 Last Updated on: 29 October 2024

The incipient economic crisis leaves most businesses without customers and profits. The economy is losing billions of dollars every day, and there is no saying when the crisis is resolved, and we can all go back to business as usual. If your company is struggling during the switch from offline to online operations, there is still time to implement quick fixes and keep the business afloat until the end of the economic slump.

Today Paul Belogour, Boston Unisoft Technologies CEO, shares two proven ways IT vendors can help you outlast the crisis and make most of the new reality.

Update Your Website to Withstand Increased Traffic

With mandated social distancing protocols in place, your customers turn to websites and mobile apps for goods and services. According to Vox, US traffic has increased by 23% since the beginning of the year. New York has seen the biggest increase of 36%. The Internet traffic will continue to grow as more people are forced to stay indoors, and companies switch to remote operations. While this provides endless business opportunities, traffic growth can also spell trouble if your website is not ready to handle the additional load.

You should act fast and audit the technology stack and hardware behind your online presence and get it ready for a boost in traffic. If you cannot afford an in-house IT department, outsource the audit and updates to a professional team, such as Paul Belogour and Boston Unisoft Technologies. Our experts will assess the current state of your website and offer solutions that can stabilize it in time for increased load. Professional developers will ensure your site stays online through the rush and prevent failures.

Do not wait for your website to crash, contact our team today to ensure your business stays strong throughout the crisis.

Automate Business Processes to Increase Efficiency

Amazon and Walmart are opening over 250,000 new positions amid the worldwide crisis to handle the increased customer demand. Even international giants struggle under the growing number of orders and have to adjust quickly or risk losing business and profit. If your company is seeing an increase in demand, you can follow Amazon’s lead and hire new employees or increase efficiency through careful analysis and automation of business processes. You would be surprised how much faster and smoother your company can run with process organization and automation in place.

Boston Unisoft Technologies can help you achieve increased efficiency quickly by implementing one or more of these solutions:

CRM updates or implementation. Small and medium business owners rarely see the need to incorporate customer relationship management solutions into their daily operations. However, those who do will win in times of crisis, as they can easily communicate with customers, engage them, run promotions, process orders, and increase profit. Boston Unisoft Technologies team specializes in developing intuitive CRM systems for businesses of any size and industry. With our experts on your side, you will prevent business losses and make most of the growing demand.
Order payment automation. If you are not ready to start a large-scale business operations overhaul, start with essentials, such as payment processing. Our software engineers can incorporate a secure and user-friendly payment system to ensure your customers can add items to a bag, pay for them, and receive order confirmation without engaging any of your employees. The automated order system will stave off the need to inflate your order processing staff.
Third-party software integration. Yet another way to improve operational efficiency is by making most of the ready-made solutions available for your business. Boston Unisoft Technologies team has been working on integration and synchronization projects for years, and we can make your business run like a clock despite increased load and employee shortage.

Trust Paul Belogour: UAE, US, UK, EU – wherever your business is based, you can turn this crisis from a death sentence into a growth opportunity for your company. Contact Boston Unisoft Technologies business analysts for more information on efficient, quick fixes during the crisis.

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5 Best Types of Paper to Use for Business Cards

Business cards are an excellent way for entrepreneurs to introduce their enterprises and providing their contact information as well. Business cards are often the first impression that a potential customer will get about a business. It should, therefore, convey a sense of professionalism and quality and pay attention to details as well. The quality of a business card starts with the paper stock that a business owner chooses to use for the card. These are top five paper stocks that businesses often use for making their business cards. Different Types Of Paper You Must Use For Your Business Cards 1. Matte Stock: These paper stocks are often used for cards with smooth, non-shiny finishes. Though commonly found in tans, beiges, creams, and white, matte stocks are available in a variety of colors to meet the needs of every business. However, those using matte stock color tones should be aware that their lettering may be less crisp than those printed on business cards with a neutral tone. Matte stock cards are always clean and grant the holder the ability to write on the card in case their telephone number or name needs to be added or changed. Sometimes people refer matte stocks as dull stocks depending on the printing company and manufacturer. Matte paper prints are bright enough and give a neat finish to a business card. When you are selecting any business card printing online first ask for the samples. Then finalize your decision. 2. Card Stock: Card stock is the correct term that people often use when referring to different types of papers used for making business cards. However, some printing companies and manufacturers call their paper prints cover stock. The weight of a card stock ranges between 80 to 110 pounds, but this depends on its intended purpose and the target audience. These cards are sturdy enough and designed to withstand excessing handling, which is crucial for a name or business card. A lower paperweight creates flimsier cards while higher paperweights are used for making more rigid business cards. A heavyweight paper card cost more than a lighter weight card stock. Due to their heavyweight, business cards made with stiff card stocks can last longer than those made with lightweight paper prints. The type of card stock ranging from textured to photo, glossy, and matte also determines how durable and useful a business card will be. Business cards are made with specific kind of papers to make the cards formal and professional. Card stocks are among the best and most frequently used paper prints for printing business cards. These characteristics make card stock the perfect business and name cards printing paper. 3. Photo Cards: Companies use photo card stocks when they want their business cards to have a photo quality finish. These card stocks are often used by actors, real estate agents, and models. These paper prints are the equivalent of photographs and are available in a range of versatility for enterprises interested in a more sophisticated impression. You can use photo card stocks for both double-sided and single-sided name and business cards in full color. 4. Glossy Stocks: Glossy stocks are a popular choice in making name and business cards. These paper prints are the best for double-sided printing and bright colors and come with an aqueous coating that aids in creating a shiny finish. Glossy stocks are available in a broad spectrum of colors to offer business owners more options for their business cards. Companies using glossy stocks for printing their business cards can incorporate multiple images with almost the same photographic quality or place a photo in the background. The longevity of the card is one of the advantages of using glossy stocks for your business cards. Due to their aqueous coating, business cards made with glossy stocks can withstand tearing and water damage. The only disadvantage of using glossy stocks for professional business cards is the inability to write on the card in case the contact information gets altered. However, it is an ideal paper print that any company can use for making its business cards. Its aqueous coating is suitable for double-sided printing, and companies can use the card for dazzling colors and creating a glittering finish. Glossy cards are available in a variety of colors to give the cardholder limitless color options. It is the best choice for any business interested in printing a photo on their name or business card. It also works well for any company seeking just a glossy card or a card with a shiny logo and finish. 5. Textured Card Stocks: These card stocks come in either glossy or matte stocks form. However, these card stocks have a pattern pressed into their surface to create a feel such as dots, basket-weave, and hounds-tooth. These card stocks are available in a broad spectrum of colors, and their users are companies and organizations seeking a physical dimension to their name or business cards. These card stocks are the perfect option for single-sided business cards. The advantages of textured matte stocks are almost similar to those of standard matte stocks except that they allow business owners to print both sides of their business cards. A double-sided business card can sometimes leave a potential client confused, especially if the details aren’t clear enough. Textured stock cards are a perfect option for a business seeking to make its cards unique and stand out from the rest. Textured stock cards appeal to the touch, and when a business owner hands them over to a client, they can be sure of repeat purchases. Always remember that you are choosing what sort of impact your brand has on the environment and not what clients feel or see about it when choosing a business card paper. That’s why business card printers including JoinPrint AU are using recycled papers to create eco-friendly business cards. You are sending a message to your clients when you decide to hand over business cards to both your existing and potential clients. Of course, every business owner would want to use their business cards to express how concerned they are about things such as preserving the environment, and that’s why everyone is going for cards made with recycled papers.

Crucial Aspects To Bear In Mind When Selling Your Business

Nobody likes to give up their hard-earned business at once. Sadly, unforeseen situations often compel us to give away our treasured organization. Now, the matter is which factors compels you to sell your business. If the profitability of your business falls drastically. The second important reason is if your experienced buyers show red flags. The third and most important reason is perfect competition in the market. As we know the reasons for selling a business, it is important to know certain steps to help you get its right value after selling. The first step is to know the valuation of your business as per the current market rate. The second step is due diligence as well as financial trends. Knowing The Worth Of Your Business: What It Takes? Several factors help you know the real worth of your business. It's not something Google or Wikipedia will tell you. Check out some of the key factors that you should consider while bringing out the best worth of your business:- 1. Book Value Of Your Business Take your total assets and subtract it from your total liabilities. It is one of the most straightforward approaches you can adopt to trace the correct valuation of your business. You can get the data of your business valuation directly from your accounting / record-keeping books. However, it works like a summary of your business valuation. The only limitation of this process is that you cannot get any future data on your revenue and earnings. It will give you a fair idea of the current valuation of your business as per the current market scenario. 2. Make Cash Value Analysis If you understand your cash flow analysis correctly, you will consider the current and future potential earnings. Furthermore, it is also possible to measure the valuation of your business for a specific period. Additionally, selling your business is not difficult if you follow the correct process. Now, if you do not have clarity regarding the terminologies of cash flow analysis, seek the help of online accounting software. There's a higher probability of using a financial planner that can assist you in accurately preparing this business valuation. 3. Consider Using a Revenue Multiplier This is less sophisticated but still an effective tool for quickly determining a company's potential value. The winning secret? It multiplies your company's current sales with multiple scores. Let's get this concept clear with the help of an example. A company with a value of $200K annual sales with a multiple of 5 will be worth 1 million. So, the more an investor becomes confident about the ROI, the more valuable your company will be. The multiple that you will use will depend on several factors such as:- Competition in your industry. Market potential. Timing of your business. The power of your management team. 4. Earning Multiplier The price-earning ratio is one of the best formulas to understand your business's valuation. Here, the Price Per Share method is widely leveraged. First, divide the current market trading price by earnings per Share. After this calculation, there's a tentative understanding of the net profit earned by the company. The rule here is if you get higher EPS, your company has a higher valuation. Ultimately, the company's current share price will highlight your company's position in the stock market compared to your competitors. 5. The Tax Implications Assessing the tax implications of selling a business is also a crucial stage. The structure of your business will help you determine its valuation. It will determine the tax responsibilities you will face after concluding the sale. Your business's overall tax liability will be determined based on the nature of the business assets and the method of sales you want to employ. Additionally, you can seek the help of a proficient tax consultant to get the correct value for your business taxes. Steps For Preparing Your Business For Sale You need to follow some simple steps to prepare your business for sale. Some of the crucial steps that you must consider here are as follows:- Determine your objectives and goals for your sale. Identify where your business stands today in comparison to other companies. To get the correct value of your business from the buyer, you must compare your financial goals. Identify whether there exists any mismatch between the valuation and the goals of your business. Collect all your diligence material. Identify who all are your potential bidders. Optimizing your business for sale not only aids in attracting qualified buyers but also positions you to achieve a higher sale price by presenting your business as a well-organized, profitable entity with transparent operations and a solid financial footing. Identifying The Right Buyer For Your Business There are some of the simple steps that you need to employ to find the right buyer for your business. Some of the key factors that you must take care of here are as follows: 1. Determine The Profile Of Your Buyer Before you search for your potential buyer, it is important to understand the ideal buyer profile. It includes several factors, like financial resources, management style, and industry experience. These are some of the crucial factors that you must consider before selecting your business buyer. Your business buyer needs to understand the real value of your business both in monetary terms and reputation-wise. This will make things easier for you. 2. Conduct Market Research To Find Potential Buyers You need to conduct market research to identify your potential buyers. Here, you have to compare the rates different buyers offer you. Select the best bid that suits your business valuation. Some businesses employ mergers and acquisition techniques to get the best buyers for their organization. It includes the private equity groups that help you select the best buyer for your company. Private equity groups are categorized as industry and subsectors. 3. Consider The Budget Of Your Buyer Different buyers have different budget limitations with them. Now, you must calculate the valuation of your company first. After that, you can review your buyer's budget. The budget that matches your business valuation will be your buyer. Therefore, you must understand your buyer's budget constraints to select the right buyer for your business. Sometimes, businesses opt for an auction process to make the sale for their business. 4. Evaluate The Bids From Interested Buyers Once you have evaluated the potential buyers or attracted the potential buyers, It is essential to evaluate each bid and negotiate the terms of the sale. The business selling process is a lengthy method. It takes a complete evaluation of the process to get the right value for your business within a particular time. Here, proper planning of the bids matters a lot. Thus, you must be careful and select the best bid. This is why finding the right buyer for your business ensures a smooth handover and contributes to the business's long-term success and growth under new stewardship. Final Take Away Hence, if you want to sell your business, then the correct valuation and the right selection of buyers are important. Selling your business is a heartbreaking process. If you can control your emotions and fix the right valuation of your business, then you can get the right value. You can use the money to set up another business, which could be a better option. Now, you can share your opinions and comments with us in our comment box. This will help us to know your take on this matter. Additional Reading: How To Sell A Small Business Without A Broker? 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Quit the Rat Race: 5 Tips for Becoming an Online Entrepreneur

Are you fed up with spending your time making somebody else rich? Have you had enough of the rat race? Sitting in a cubicle, suffering the commute going to a job you hate to earn enough money to pay for the house you never see and the family you have no time to hang out with? Maybe it is time for you to take that next step and go into business for yourself. Don't think you are ready? No worries, that's a common thought that goes through the mind of every entrepreneur. Doubt and hesitation are normal and natural. Being able to stare them down and make the right decision at the right time is what separates success from failure. Keep reading and you will learn the key steps to ditching the 9-5 and becoming an online entrepreneur. 1. Passive Income Means Not Quitting the Day Job Just Yet Starting an online business is not as simple as moving from one salaried job to another. It can be, but it is a dangerous way to go about it. You are better to start off small, looking to build up some passive income while still working the day job. Yes, it means you can't quit the cubicle just yet, but it does mean you can generate some extra income and learn the ropes of creating online business and mitigate the risk to your finances. Familiarize yourself with the online world and figure out your strategy. There is nothing wrong with building your company slowly. In fact, it is a large benefit, because it means that by the time you are ready to quit the rat-race and step out on your own, you already know who you are. Your brand will be set, or at least in its advanced stages, setting you up for success. 2. Educate Yourself in the Ways of Online Money Making : No entrepreneur becomes successful without educating themselves in matters concerning their chosen field. This applies as much to creating an online business as it does any other industry or sector. You need to educate yourself on the ins and outs of the market you want to conquer. This means learning what the trends are, what sells and what does not. Study the techniques of others and watch the competition. What are they doing that is working and how could you make that work for you? There are paid online courses you could take, and numerous webinars and blog articles that can teach you a lot about making money as an online entrepreneur. By ensuring you are knowledgeable on your target area you are positioning yourself well in the market, and that means success will be there to find. 3. Accept the Risk that Comes With the Riches : Whenever you go into business for yourself you are accepting a risk. The big thing is that most people don't really understand what that means. Being an entrepreneur is a gamble. When starting an online business you are stepping away from a security that you won't see again until your business has matured into something far grander than your initial business plan will consider. It may sound harsh, but that is the fact of it. Paid vacation, Dental insurance Health insurance Pensions Sick leave These are all things that we come to take for granted, but when creating an online business you are surrendering these items. If you have a family to support then these considerations are of vital importance. Not as a means of detracting from your vision of freedom from the cubicle but to ensure you have the right system in place to help keep your finances stable. Being an entrepreneur is one of the high-risk solutions to escaping the workplace and living the life you crave. 4. Believe in Yourself Stronger than Anybody Else : When looking at how to start an online business, you are going to come up against a lot of people telling you to stop. To give up and stick with what you have. If you know what you are doing then you need to ensure that your belief in your own abilities is unshakable. A lot of people will tell you to give up on your dreams because they are scared. They are too scared to do it themselves and so pass this fear on to others. They will come up with convincing arguments as to why you are better off collecting a regular paycheck. However, you have done the research, you know what you are doing and accept the risk associated with it. 5. Identify Your Core Product and Focus on Everything On It If you have wondered how to start a successful online business, you have probably thought about entering a particular sector and making your name therein. However, to be truly successful you need to narrow your target market down even more. Market research and your own personal interests and skills will help you identify your niche. Try to make it as specific as possible. The more precise you can be, the higher your chance of finding success. Know Your Why - The Secrets to Becoming an Online Entrepreneur You will face a lot of trials in your quest to become an online entrepreneur. There will be stumbling blocks and periods of both highs and lows while you build up your empire. The most important thing you need to have before you start down this crazy but rewarding road is to know your way. Why are you doing this? Why are you choosing to focus on this niche? Knowing and understanding your own why is paramount to online success. If you can answer this question then you stand a great chance of making it. For more information on how to start an internet business and build your own company up from the ground, check out some of our other business-related articles. Read Also : How To Master Social Media For Businesses & Entrepreneurs What You Need To Be A Successful Entrepreneur

IT Quick Fixes for Your Business During the Crisis by Paul Belogour

Update Your Website to Withstand Increased Traffic

Automate Business Processes to Increase Efficiency

Establishing Your Online Tone of Voice

How Business Owners Can Better Utilize Freelance Work

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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5 Best Types of Paper to Use for Business Cards

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IT Quick Fixes for Your Business During the Crisis by Paul Belogour

Update Your Website to Withstand Increased Traffic

Automate Business Processes to Increase Efficiency

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Establishing Your Online Tone of Voice

How Business Owners Can Better Utilize Freelance Work

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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