If you’re running a shop, hotel, bar, restaurant, gas station, or any other kind of physical merchant shop, having an ATM would benefit you in ways more than one. It’s a well-known fact that people use ATM to withdraw money rather than going to a bank. If there are not many ATM around your business location, it becomes all the more reason to have an ATM.
It would undoubtedly increase the footfall to your shop, and as per surveys, it always contributes to growing your business revenue. In this article, we would enumerate some of the benefits of having an ATM installed in your business location.
Top Benefits of Owning an ATM for Your Business:
Increased Revenue:
When you have an ATM at your business location, the revenue can climb up drastically. It is because the customers find it convenient to browse through the products on offer and shop without worrying about getting out of cash. The business owner also earns on the transaction fees paid by the customers at the ATM. As per many surveys, the customers who use the ATM installed at a business location always go on to spend a portion of that money at the business location. For example, most of the money withdrawn from an ATM at night club is spent there itself.
Enhance Business Reputation:
In the world of increasing market competition in just about any sector, every business has to strive to gain customers’ loyalty and trust. The best way to gain customer goodwill for physical retail companies is to offer convenience and better services to the customers. Having an ATM installed at your business location by legitimate ATM service companies would provide comfort and convenience to the customers, and it is a way of showing to the customers that you care. A little effort from your end to install an ATM would go a long way in attracting more customers and increasing your business visibility and reputation in the market.
Boosts Marketing Efforts:
When an ATM is installed at your business premise and is visible from the outside, it is sure to attract many people passing by, who need to withdraw money. As mentioned above, many of these customers would end up buying something from your store. Even if many of these customers never intended to make any purchase or do not belong to your sector would end up buying something and may potentially become a returning customer. ATM at your business enhances the market visibility of your business and becomes a useful marketing tool.
Increased Sales:
Having an ATM at your store is one of the proven methods to increase your bottom line. The sales would increase after the installation of the ATM as most people using ATM would end up buying something from the store. The location of the ATM also creates a mark in their memory, so whenever they pass through your store and in need of cash, they would stop by to withdraw some money and make some purchases.
If you’re looking for a way to increase your marketing efforts and revenue, installing an ATM is an ideal solution. It doesn’t cost you a lot and in fact, would end up benefitting you in ways more than one.
You can hire any of the ATM service companies in case of any issues with the ATM, or if you need assistance with installation.
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It’s the end of your first day. You’ve completed a plethora of online applications, psychometric tests, digital interviews and hopped through all manner of recruitment rings of fire – and you’ve landed the job of your dreams. Or so you thought… But do you know what are the ways to prepare a new employee?
You arrived at your fancy new office, but there was no one to greet you. After waiting near an hour, your co-worker-to-be apologized and took you to your desk, only to find it hadn’t been cleared. Grimacing that your equipment hadn’t been set up, your ‘guide’ spun you around the office’s sea of blank faces. Did they even know you were starting? The awkward acclimations were interrupted by an irritated-looking administrator who lugged a thick binder of forms to fill in. You missed lunch with the gang.
After finally navigating through all the red tape, the person you were meant to shadow was never notified so you were given menial tasks to pass the time, while they were in an important meeting with a client. You stared at the clock, waiting, waiting, waiting.
With the day over, you’re just sad you didn’t get out sooner. Wait – is this really your dream job?
New hires expect and need their onboarding to run smoothly. The above scenario sounds like an exaggerated horror story, but in a survey, Cezanne HR asked new employees about their onboarding experiences and was shocked to find:
52% didn’t know what to expect on their first day
30% didn’t have a buddy
8% didn’t meet their managers
23% didn’t have a desk ready
6% didn’t get told about health and safety regulations
5% didn’t have data security training
6 didn’t have a laptop or computer.
Great onboarding is extremely important. It increases retention and reduces staffing costs. It delivers an engaging experience for new hires, so they connect with the organization and colleagues from the moment they’re given the offer. Also. it should turn first-day new employee anxiety into genuine excitement. It should make them feel prepared for the new job and welcome!
Of course, no one said it’s an easy process, and orchestrating the activities to get onboarding right is time-consuming for everyone. In addition, the burdens of paper-based systems or dancing between data spreadsheets, such as Excel, allow important processes to slip through the cracks – which shouldn’t happen in a modern workplace. However, with the right HR software, you can make new employee onboarding engaging and straightforward, while automating and streamlining the admin involved in bringing on new hires.
Here are the ways to prepare a new employee:
Stay in touch after the job offer
It’s very important for a new employee to engage with employers from the moment they’re hired. This can go beyond a simple email. Make sure you consider the following:
Welcome portals are a very common feature in HR software because they do precisely that: they welcome people. Welcome portals act as an information hub and enable constant communication. They are a platform to share all essential details, including the new hire’s start date, office location, and contact details. It’s also a great way to prepare the new hire by letting them know how their first day will be structured and what their first projects will be.
Make sure you send your new hire links to any documents they need. Provide them with essential advice including what they should bring with them on the first day or week, including items like their passport, P45, national insurance number and other relevant work documents. You could use your HR software system’s welcome portal to deliver this information and advice.
Get the paperwork out of the way in advance of the first day. Signing a lot of forms can delay more pressing tasks, such as the relevant introductions, training, and the new hire’s first projects. HR software can be especially effective here. Instead of wasting time filling out form after form, new hires can sign documents electronically. It streamlines admin processes and makes everything available in one place – and it can all be done before the starting date.
Making use of welcome portals and their visual content is a powerful way of engaging with new hires and allows companies to add photos and embed company videos – it might be a hello from a CEO, or a video demonstrating the company’s culture, or brand values and goals. Portals can also allow new hires to self-serve, adding a profile, information, bank details and the like.
Moreover, all information you collect should flow straight through to your HR system. Cloud HR solutions should come with onboarding modules that are simple to set up and accessible 24/7. Storing information in one place also cuts back on the task of re-entering the same data into multiple systems.
Prepare the desk
When your new hire’s first day comes, ensure you’ve got a plan:
assign someone to receive and greet them at the door
put in an order with IT and prepare all the relevant equipment: a computer, phone, email, and network access, and office supplies
moreover, ensure security and compliance policies are explained as appropriate.
Spread the duties for onboarding tasks across different departments. For example, the IT department might be responsible for setting up the new hire’s laptop and email; the finance team might organize payroll, and the line manager will arrange inductions as well as check-in meetings. HR software’s task management systems can help significantly here.
HR software makes it much easier for these departments to fully understand their roles in the onboarding process. Task managers and checklists make use of notifications, meaning important processes don’t get forgotten about. It gives an overview of what’s been done and what needs doing.
Involve your employees
Send the first-day welcome announcement to the organization and share the news of the new hire with the team. Give their name, title, and something that distinguishes them: it might be a hobby or interest, for instance. This allows current employees to easily see if they have anything in common, making everyone more prepared for the big day. Moreover, give your current employees details of the new hire’s background, making sure the new employee’s biggest strengths are acknowledged.
Find a peer and assign them to mentor/buddy the new hire. This will help the new hire to get settled and to be comfortable enough to ask any questions that are on their mind. This also helps build relationships with the team, integrating the new employee into the company significantly faster.
Also, consider explaining who’s who – HR software can create a staff directory mapping this for you. This will help your new hire to familiarise themselves with their co-workers and assists them in directing their queries to the right people from the right departments, so they don’t feel like they’re barraging their mentor with questions.
Planning welcome social help breaks the ice, too – and not just between the company and the new hire. From team lunches to company happy hours, both new hires and current employees can benefit from getting to know each other in a more open and casual environment, building stronger relationships and channels for collaboration.
Establish a formal training program
The importance of setting a clear and comprehensive training program can’t be overstated. Doing so helps prepare and motivate the new hire for the first day and sets a precedent for the weeks and months ahead as they approach their new projects. Such a structured program does much to ease their potential short- and longer-term worries. Indeed, the HR portal assists here, too. By being able to provide access to important training documents, setting out a comprehensive program schedule through calendars, and by making use of notifications to make clear to current employees what is expected of them in the onboarding process and when. On top of this, it’s an effective and simple way for new hires to view set assignments and tasks, as well as their own schedules.
Check-ins
Check-ins are a series of regular discussions between managers and employees about their progress. They are:
ongoing and build a rapport, setting short and long-term goals
an extremely effective way of ensuring employees are continuously aware of their professional development within the company, allowing them to express any concerns and ask questions, and
they form a crucial part of the onboarding process.
At the end of the first week, give the new hire the opportunity to ask any outstanding questions. This helps demonstrate your enthusiasm towards the employee’s start beyond just the first day and will help set a clear and lasting relationship between the new hire and the company.
HR software can make continuous performance reviews and check-ins an integral part of company culture. Cezanne HR, for instance, provides a seamless and engaging way of recording conversations, achievements and agreed goals or outcomes, so it’s easier to ensure everyone is aligned.
The right HR systems are equipped with performance management functions that allow employees to make use of their flexibility and to collaborate in an online forum where others can easily and securely request feedback, record check-in conversations, and track outcomes.
Poor onboarding is a wasted opportunity
The benefits of great onboarding are infinite. It reduces unnecessary barriers that might otherwise inhibit the new employee from settling in or performing at their best. It gets new hires up to speed swiftly and immerses them in the company’s values, vision, and culture.
Furthermore, great onboarding protects your new investment. A robust, systematic onboarding process boosts new hire retention by 50%, and new hires that experienced strong onboarding are 58% more likely to stay with the company for more than three years.
Why would you waste all your efforts with a dissatisfactory onboarding process?
Onboarding can be the difference between a quick and costly new employee turnover, and a long and lasting productive relationship.
Above are just some of the boxes to tick to ensure an engaging onboarding experience. Do you have any more? Let us know!
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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.
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Are you a new trader struggling to control your emotions? Do you feel like you're constantly making bad decisions that cost you money? You're not alone. Many traders struggle with emotional control, especially in the beginning. In this blog post, we will discuss five tricks that can help you stay calm and how to control emotions while trading. By following these tips, you'll be able to make more informed decisions and avoid costly mistakes!
Commonest Problems in Day Trading
First, we would like to address the commonest emotional issues a trader can encounter when making a deal.
Fear of Missing Out
FOMO is probably the most difficult emotion to deal with as a trader. FOMO can lead you to make impulsive decisions that are not well thought out. When you see the market moving and you're worried about missing out on potential profits, it's important to take a step back and assess the situation before making any decisions.
Greed
Greed is another emotion that can be detrimental to your trading success. When you're in a trade and the market is moving in your favor, it can be tempting to hold on for more profits. However, this can often lead to giving back your gains or even losing money. It's important to take profits when they're available and not get too greedy.
Anger
Anger is another emotion that can lead to impulsive, irrational decisions. If you're angry at the market for moving against you, it's important to take a step back and calm down before making any decisions. Once you're in a trade, it's also important to not let your emotions affect your exit strategy.
Fear of Failing
Fear of falling can often lead to paralysis by analysis. You may be so afraid of making a mistake that you don't make any trades at all. This can be costly, as you miss out on potential profits. It's important to remember that everyone makes mistakes; the key is to learn from them and move on.
Lack of Discipline
Lack of discipline can often lead to overtrading. When you're not following a set plan or strategy, it's easy to make impulsive decisions that are not well thought out. This can lead to losses, as you're not sticking to a proven system. It's important to have a trading plan and stick to it.
What Tricks Should You Use?
Now, let's take a look at the tricks we've prepared for you.
1. Take Frequent Breaks
One of the most important things you can do to stay calm while trading is to take frequent breaks. Sitting in front of your computer for hours on end will only increase your stress levels and make it more difficult to make rational decisions. Get up and walk around every few hours, or take a break to meditate or do some deep breathing exercises. You'll come back to your trading refreshed and with a clear head.
2. Set Realistic Expectations
If you're constantly expecting to make huge profits on every trade, you're setting yourself up for disappointment. It's important to have realistic expectations when trading, as this will help you stay level-headed when things don't go according to plan. Accept that you will have losing trades, and don't beat yourself up over them. Focus on the long-term goal of becoming a profitable trader, and remember that it takes time to achieve success.
3. Create a Trading Plan
Another way to stay calm and in control while trading is to create a detailed trading plan. This plan should include your entry and exit points, your stop-losses, and your profit targets. By having a plan in place, you'll know exactly what you need to do to make a successful trade. This will help to eliminate any guesswork or emotion from the equation.
4. Stick to Your Strategy
Once you have a trading strategy in place, it's important to stick to it. This can be difficult, especially when you're feeling emotional about a trade. However, if you've done your research and you're confident in your strategy, trust it and don't second-guess yourself. It's also important to remember that no trading strategy is perfect, and there will always be some risk involved.
5. Manage Your Risk
Finally, one of the most important things you can do to stay calm while trading is to manage your risk. This means only risking a small portion of your account on each trade, and using stop-losses to limit your losses. By managing your risk, you'll be able to stay in the game even if you have a few losing trades.
In Conclusion
Emotional control is essential for any trader, but it can be especially difficult for new traders to master. By following the tips in this blog post, you'll be on your way to becoming a more successful and profitable trader! Remember to take breaks, set realistic expectations, create a trading plan, stick to your strategy, and manage your risk. With these tricks, you'll be able to control your emotions and make more informed decisions while trading.
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