Friday, January 31, 2020

Understanding The RFP Process Step By Step

When companies and government organizations discover that they have a need for services, they know that they’ll be inundated with responses.

To make sense of those responses, they will use an RFP (request for proposal). An RFP details how a service provider will approach the project, the timeline for completion, and the cost to complete the project.

The RFP is like submitting a resume to get a job. It’s the first step in landing a large client. Read on to learn about the RFP process and how you can win a big contract.

The RFP Process.

There are two sides to the RFP process. There’s the side of the company creating and sending out the RFP and there are the firms that are responding to the RFP.

Each has a different process to approach RFPs.

Companies that create the RFP have to take the time to discover what their needs are. RFPs are usually reserved for large, complex projects. That means that there will be a lot of stakeholders involved in the decision of who to award the contract to.

From there, all of the stakeholders will determine what the needs of the project are, how to prioritize those needs. They’ll start to draft the RFP.

There will be a lot of back and forth during the process and they’ll eventually settle on the questions to include in the RFP. A decision will be made as to how RFP responses will be evaluated.

The RFP will be made public and companies like yours will submit responses. The stakeholders will look over the RFPs and then narrow down their options. They may ask the leading companies to give a presentation or demo before a decision is finalized.

The RFP process can take months to complete. You should be aware that this type of contract is far from a quick sale.

Steps to Draft the RFP Response.

Understanding how organizations go through the RFP process is incredibly helpful because it gives you an idea as to how you should respond.

You have to realize that you’re writing your response to different audiences. There are many departments involved in making the final decision and you need to address those needs.

Most of the information that you need is in the RFP itself. For example, working with the federal government, you’ll know what type of contract is being awarded.

Most public agencies have to make their contracting process transparent. There are usually databases that contain the RFP responses that were awarded. It’s worth the time to go through some of the recent projects to get a feel for how the winning RFPs were written.

Creating a successful RFP response takes a lot of time. Get input from your team and people who have experience with RFPs. This will make your response much stronger and likely to be in the running to win the contract.

Understanding the RFP Process.

In order to draft a successful RFP response, you have to know the RFP process. It is a long process, but if you win the bid, then the reward can be great for your business.

Check out this site often for articles that will help you grow your business.

Share

The post Understanding The RFP Process Step By Step appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/2GKx6zS via website design phoenix

Thursday, January 30, 2020

[INTERVIEW] David Mimran, Director Of The Mimran Group

There’s no other way to say it: David Mimran has an impressive CV. To the disinterested observer with no prior knowledge of Mimran’s activities, in fact, it might resemble two or three CVs strung together, minus the additional individuals.

And, yet, Mimran persists. The serial entrepreneur and many-hat-wearing executive is nowhere near retirement age, and despite his considerable success, he shows no signs of slowing down.

Mimran credits his work ethic and team-building skills for his success, but of course there’s more to the story. We were fortunate enough to catch up with him and ask what he’s up to now, what his near-term plans include, and what he’d tell mere mortals eager to learn from the best.

One of your companies, Mimran Natural Resources, is making a big bet on the future of African agriculture. Explain how.

For the most part, African farmers currently import fertilizer at great cost, putting them at a competitive disadvantage to farmers in Latin America and Asia. And, because Africa has vast nitrogen, phosphate, and potash deposits, this cost is unnecessary. MNR aims to close Africa’s fertilizer deficit and empower the continent’s farmers to expand production into the 80% of arable land not currently under cultivation there. The future of the world’s food supply may depend on their efforts, and ours.

You’re involved in another big project in West Africa. Tell us about that.

I lead Miminvest, a mining interest involved in a joint venture with [Canada-based] Teranga Gold Corporation. In the coming five years, we aim to become the largest gold producer in West Africa, whose gold resources — we believe —have tremendous upside potential. We’ll soon have five mines operating in Ivory Coast and Burkina Faso.

You’re also involved in the film industry. How did someone with your background get into producing?

My production company, Mimran Schur Pictures, grew out of my lifelong love for a good story. I’ll admit I didn’t know much about the industry before co-founding Mimran Schur, but I’ve learned a lot and loved every minute of it.

Your production company, while exciting, remains an underdog. How does that motivate you?

We’re hungrier than the majors. We’ve put together nine films that we can stand behind and aim to produce eight more by 2025. As in any business, quality sells — so we’re confident we’re on the cusp of breaking out. 

How do you inspire your teams to perform?

I believe in the transformative power of belief. If you want something to happen badly enough, you can almost always will it into existence, assuming it’s physically possible. I approach team-building in the same way, although I can only take credit for creating the conditions for success; my teams do the hard work.

What’s your secret to success — if you have one?

Listen, work hard, follow your instincts, and remember that most problems have more than one solution. If you’re convinced that you’re on the right path, don’t let others tell you otherwise. A wise person once said: “You can’t fail unless you quit.”

You’ve achieved immense success, but surely the road hasn’t been perfectly smooth. Tell us about a time you failed and what you learned from the experience.

I continue to regret ceding control of an activist fund that I co-founded. I was the fund’s principal seed investor, so it was only natural that I’d retain decision-making control — except that’s not what happened. 

After I allowed my partner to take full control of the decision-making process, essentially relegating myself to an advisory role, he seemed to lose sight of his limitations. Maybe he never knew them. In any case, he thought he could do everything, and the fund suffered dearly as a result. We peaked at $2 billion, despite major early investments from Calstrs and Calpers and projections that had us on the path to $10 billion. Ultimately, the fund ran into the ground. I walked away with a stinging, real life example of the danger of failing to trust your team. 

In the industries where you have expertise, what’s one trend or opportunity that really excites you?

I see vast potential in undersea mining, specifically the production of iron and manganese from polymetallic nodules in the upper layers of seabed sediment. Due to their location above the seafloor bedroom, harvesting them is not a major technical challenge, although there are obvious challenges involved in underwater extraction. Those challenges may be worthwhile, as global reserves may exceed 500 billion tons.

When you look to the future, what gives you hope?

I’m very excited about the environmental consciousness of my children’s generation. It’s cliche, but they are the future of our planet, and they appear to take their responsibility very seriously. While industry is already changing its behavior as a direct result, I’ve always believed that individuals have more collective power than profit-motivated companies. It’s great to see younger people stepping up and raising issues that haven’t gotten as much attention as they should.

Share

The post [INTERVIEW] David Mimran, Director Of The Mimran Group appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/2uSsZPh via website design phoenix

3 Marketing Mistakes You Must Avoid In 2020

by Alex Shultz of Sure Oak

To succeed in business, you have to market your business. But did you know that marketing doesn’t have to be difficult or expensive?

In this digital age, you no longer need a team of experts and piles of cash to get your message out there. With the right mindset — and a little creativity — you can get more eyes on your company than ever.

While many business owners know this, they often make some bonehead marketing mistakes — mistakes they could have easily avoided.

It’s true that nobody is perfect; and it’s doubly true that we all make mistakes. That being said, you should do what you can to avoid these major marketing pitfalls. 

These are the top three marketing mistakes you need to avoid in 2020.

1. Neglecting Mobile Users.

This is one of those mistakes that you might not even know you’re making.

Everyone knows that mobile use is rising to unprecedented levels. In fact, there’s a pretty good chance you’re reading this very article on your phone.

But like that old dog that just can’t learn new tricks, most businesses are still designing websites for desktop computers and then trying to make them work on smartphones.

This is like trying to jam a square peg through a round hole: it just doesn’t make sense. Why would you design your website for desktop computers first, when you know for a fact that most of your customers will reach you using a mobile device?

To avoid this mistake, you need to turn your entire approach on its head: start with a mobile-friendly design. Once it looks good on your phone, you can then make it look good on your desktop. 

Curious to see if your website has any mobile errors? Check out Google’s mobile-friendly test for an expert’s opinion. Your results might surprise you!

2. Not Using Pop-ups Appropriately.

Some marketers might tell you to avoid pop-ups altogether, while another camp pushes pop-ups by the masses. So who’s right, and what’s the best way to approach pop-ups?

In our opinion, both of these people are making a huge mistake with their marketing strategies.

You don’t want to ignore pop-ups entirely. On average, using pop-ups boasts a 3.1 percent conversion rate, but you can get way more juice out of it if you use them effectively.

When your company uses pop-ups appropriately, you can dangle a magnet right in front of your visitors and quickly earn a lead. You can then stay in touch with these leads through email marketing.

But how do you implement a popup strategy without going overboard? That’s the delicate balance every business must understand. 

First, you don’t want to set the pop-ups to launch upon visiting the site. If a visitor is coming to your landing page, they are hoping to see the website. Don’t get in the way of that.

On top of that, you should avoid putting pop-ups all over your site. This makes it difficult to navigate your website, and will cause people to stop visiting altogether. 

Thankfully, there’s a proven method for pop-up success. 

The best time to implement a popup is when the visitor begins to leave the site. You can trigger it with exit intent, which is when the visitor moves the mouse to the URL bar in hopes of going to another website. 

You can also use heat mapping, which allows you to see how the visitor is interacting with your site. With this information, you will find the best places to add a popup message for your audience. Just implement a pop-up wherever you see your audience losing  interest. 

Above all, make sure that you experiment and see what works best for your company.

3. Neglecting the Power of Location.

Location data should be at the top of your priority list for 2020. By collecting and analyzing data based on where your customers are, you can gain new insights that will be invaluable for segmentation and targeting.

Pulling location data is usually done anonymously, so there’s never anything personal shared. Various sensors are used to pinpoint devices, achieving extreme levels of accuracy. Once you have the data, you can use heatmap software like Maptive to analyze it.

When you factor location into the marketing equation, you build a stronger relationship between your business and your customer. Having the ability to customize your message to suit their needs gives you an extreme leg-up over the competition. 

If you haven’t begun using location tools, now’s the time to get started. 

 

Alex Shultz is a digital marketing strategist at Sure Oak. Alex has a background in SEO, but he’s also interested in entrepreneurship, social media, and cats. You can connect with him through LinkedIn.

Share

The post 3 Marketing Mistakes You Must Avoid In 2020 appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/31bUyiB via website design phoenix

Quick Ways For Businesses To Motivate Staff

Understanding how to motivate your staff is an essential focus of any human resources manager.  You may have worked hard to hire the best talent in the field, but now you are tasked with keeping them at the company and getting the most from them.

Obviously, money and benefits packages are one of the ways to motivate staff.  A survey of professionals ranked this highest of all other factors.  However, peer motivation also ranked more highly than you would maybe imagine.  People love encouragement and recognition.

So, if pay and benefits are only a small proportion of what motivates the best talent, what else can you do as an HR manager to increase engagement and commitment?

Improve the working environment.

Your talent will spend as much time awake in your workplace as they will in their home.  Consequently, the environment needs to be pleasant.  If you expect your employees to work in drab and uninspiring conditions all day, then you are going to impact their mood seriously.

There are basics you must consider.  The place should be safe and habitable.  However, to motivate the staff, you may want to go further than this.  You could invest in the decorations around the place.  One great tip is to contact local artists and offer to act as a gallery for their work.  Your staff get some lovely creations to look at, which is ever-changing, and you appear like you are giving a local artist a helping hand.

Maintain the highest values.

To suggest that you should be honest and respectful to your employees to maintain motivation should go without saying.  However, sometimes when you are in the battle, the mission can override the fundamental qualities that make us good human beings.  Therefore, the challenge to maintain the highest values in how you treat people can sometimes be harder than you would hope.  You should always monitor your tone with the team and be thoughtful and measured in how you deliver feedback to people.

Rewards success.

There is no getting past that urge for recognition.  We may think we have left the need for a gold star from the teacher back in school. Yet, the truth is that we always yearn to be spotted doing well.  The gestures you make when you are glad of the additional thought, effort or talent that has been employed is more likely than anything else to garner loyalty.  How you choose to do this is dependent on your context.  You could opt for a profit-share scheme, a bonus scheme or the offer of free private healthcare.

Not everything has to be ostentatious. Sometimes it is enough to spot the good that people are doing and to mention it.  It is too easy to get into a critical mindset where you are continually pushing the team to do even better. Therefore, when you are going through the day, make sure to spot the moments when they are performing exactly as you would hope.  Find a way to offer praise.

It might be that there is a standard item on the agenda where people express gratitude for something someone has done.  It could be as simple as a thank you as you walk past on the way to the coffee.  Gestures do not have to be so big all the time for people to feel valued.  They do, however, need to come at regular intervals, so people feel continually appreciated for the effort and commitment.

Offer routes for progression.

Talented people will always be looking for the next opportunity.  The idea of stagnating in a role with likely be the number one fear of anyone ambitious.  Therefore, you need to work with this psychological dimension of managing staff.  It may be that you offer someone more responsibility when they demonstrate skill in a role.  For instance, if someone leads a client with skill, maybe they could take more responsibility with the client in the future.  Alternatively, you can arrange for the team member to go on courses to gain qualifications that will allow them to progress and improve their CV.

In short.

The desire to encourage loyalty to your company is the first step in motivating staff.  If the team recognise that you want them to stay and continue to thrive in the workplace, you have done a lot to encourage motivation.  People love to be needed.  You can continue to make small gestures, such as cakes on Friday or team days out somewhere fun.  If you are worried about the expense – consider the impact a group of highly motivated people will have on your profits.

Share

The post Quick Ways For Businesses To Motivate Staff appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/2GBgLNF via website design phoenix

Pension vs Property: Which One Is The Better Investment Choice?

No matter what stage you are at in your working life, once you are financially stable, you will most probably be looking for investment opportunities so that you can start building assets that will offer a tidy return for you to enjoy in your later years. There is, of course, your state pension, and any private pensions you may pay into, which are the most common form of investment. Although they are not labelled as such, what you are doing is putting away money now, and investing it for your future self to enjoy.

Then there is the undeniable allure of investing in properties. The UK property market continues to grow year after year, making it a wise investment asset that is highly unlikely to depreciate over the coming years, or even decades.

With the very different invest routes to go down, how do you decide which one is the right option for you? To help you decide, here are some key points to consider from successful investor and entrepreneur Phillip Nunn.

Asset Performance.

The first thing to consider is asset performance and the potential return you can expect from your choice of investment. For over half a century now, house prices in the UK have consistently remained above the rate of inflation, making property portfolios a very attractive investment choice indeed. Whether you choose to invest with a buy-to-let property or choose a property portfolio, rental and dividend yields look promising for the years ahead judging by historic data of both.

On the pension side of things, the UK stock market has also been faring well over the past few years, offering steady growth for those with a pension portfolio style personal pension. There is, of course, the issue of workplace pension schemes to factor in too. Under the current enrolment rules, an employer will match at least 3% of your earning is you pay into a qualifying pot. For basic taxpayers this, along with the tax relief, means that contributing £80 will translate to £100 in your pension pot and you will be able to withdraw 25% of that pot tax-free once you reach the qualifying age of 55.

Benefits and Drawbacks of Investing in Property.

As with any type of investment, there are pros and cons to choosing to invest in the property market. Arguably the biggest benefit of making this your main form of investment is that property is a real, tangible asset rather than liquid assets such as stocks or shares. For those planning to invest in the long-term, there is also the capital growth to consider as property values are one of the most certain forms of investment when it comes to continuous growth, even in uncertain economic climates.

On the flip side, investing in property comes with some drawbacks too. First of all, when you choose to cash in and sell your property, you will have to pay capital gains tax. Similarly, any rental income is subject to tax too, both of which you will have to carefully consider when estimating the potential return on your investment.

Then there are the maintenance costs to consider if you choose to go down the buy-to-let route. These, along with repairs can quickly add up to a large sum, and that’s after you’ve already factored in the necessary fees such as the cost of surveyors upon purchase, legal fees, landlord insurance, and the cost of using a letting agent.

Benefits and Drawbacks of Pension Schemes.

What is essentially free money is the main reason why opting into a pension scheme remains such a popular choice. First of all, you get tax relief from the government on any contributions that you make, which is further topped up by employers matching what you pay in, if you have a workplace pension scheme. If you’re savvy enough to start saving early, you will also be able to grow a sizeable pot by the time you retire thanks to compound interest.

The main drawbacks of pension schemes include the fact that you will not be able to access any of your investment until you are at least 55 years of age. And the situation doesn’t necessarily improve even when you can access your pension pot as you will be subject to income tax if you choose to withdraw an amount that falls above the 25% tax-free lump sum you are allowed.

Share

The post Pension vs Property: Which One Is The Better Investment Choice? appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/38SHt0i via website design phoenix

Eight Things Leaders Can Do To Cut Out Noise At Work

by Joseph McCormack, author of “Noise: Living and Leading When Nobody Can Focus

Remember when we thought “more” was better? In a more innocent time, leaders really believed the more information people had, the smarter they’d be, the better decisions they’d make, and the greater success they’d have. Now we know how wrong we were: Nonstop e-mails, endless meetings, and 24-7 connectedness are crippling employees’ ability to think, focus, solve problems, and do the deep work a company needs to stay competitive. And here’s the real question: What are we going to do about it?

Too often, the answer is “nothing”. Too many companies let what he calls “noise” squander our most valuable resource: our employees’ time and attention.

It’s ironic that we’ll go to great lengths to protect our intellectual property and physical property, but don’t think twice about allowing a deluge of digital disruptions erode our employees’ ability to perform. Employees are so distracted and inundated with so much empty information they don’t know what to focus on — or even how to focus.

This is a problem for many reasons. When people can’t focus, performance suffers. There’s less of a sense of accomplishment because it’s hard to get things done. All this cuts into employee engagement and work fulfilment. It’s impossible to create the kind of culture that attracts and retains good talent.

Leaders should stop accepting the status quo and start protecting workers’ minds from noise. We can and must get conscious and intentional about the type and amount of information we’re letting into our workspaces and on our desktops.

It’s not that I’m anti-tech. Not at all. But most businesses are using tech in a way that impedes good work instead of enabling it.

Right now, we’re taking an incredible high-end, intricate tool and using it to bludgeon our minds and our lives. We obviously can’t disconnect from technology, and we shouldn’t. But we do need to be more discerning about what we allow in.

Read on for some simple and practical changes to break the noise cycle and help your leaders and employees regain their focus.

1. First, get clear on why noise is a problem.

Noise hurts our attention span, impacts our brain and working memory, and eventually causes us to stop caring and listening. For example, consider the interruptions (digital and otherwise) that break your employees’ concentration multiple times a day. Now consider that it takes 25 minutes to get back into the swing of things when you’ve been interrupted. Now multiply this by every person on your team.

That’s a lot of time and money lost. Businesses that help their people mitigate constant disruption — in its many forms — will have a leg up on the competition.

2. Make sure everyone is aware of the issue.

Narrate the consequences of unchecked noise, not just to leaders but to everyone in your company. This is job one. Once people are consciously aware of what noise looks like (and — obviously — sounds like), they’ll get more intentional about minimizing it.

Just calling it ‘noise’ goes a long way toward helping people see that it’s a problem that needs to be dealt with. By naming, framing, and claiming it, we make it real.

3. Turn off the firehose of information (or vastly reduce the output).

Leaders, in the name of transparency, may bury their teams in excessive information. When there’s a steady stream of e-mail blasts, town hall meetings, social media posts, video tutorials, and cascading messages, employees get confused, frustrated, and finally they tune out.

While you can and should keep employees informed, don’t force them to consume so much information that they can’t decipher the message.

4. Get brief in your communication.

When trying to inform, explain, update, and convince, simplicity goes a long way. Focus on being lean, clear, and concise, whether you’re speaking or writing. Ask yourself: What is the single most important thing I want to convey in this conversation or communication? Then, tailor that e-mail, voicemail, phone call, or presentation accordingly.

5. Help employees grasp the concept of single-minded focus.

Juggling too many balls at work is awkward and counterproductive, and constant distractions can be so irresistible that people end up saying “yes” to everything. Make single-minded focus one of your company’s core concepts. Allow your people to concentrate on one task at a time.

A good trick to teach them: Write one task on a Post-it note and throw it out once you’re done. Check the trash can for all the little things you accomplished by doing one thing at a time.

6. Commit to running better meetings.

On average, business professionals spend 23 hours a week in meetings. Unfortunately for everyone involved, few meetings are run well, with a stated purpose and a defined agenda. They’re often painful and unproductive.

First, be mindful of the number of meetings going on. Ask yourself if you really need to hold a meeting in the first place. When a meeting is justifiable, invite only those who are essential to attend. Set your objectives for the meeting ahead of time and state them at the beginning of the meeting. Get people involved and ask questions so you can get the feedback of the people in the room. Finally, use your time wisely so you won’t lose people’s attention.

7. Design your office space around quiet and focus.

If you’ve ever worked in a building with few to no offices, at first it seems so inviting, creative, and collaborative. Yet, the day-to-day reality is that these environments breed distraction and literal noise, and people have to fight to stay focused and do their work.

In general, open floor plans are a bad idea for anyone who needs to focus for their job. Even if it’s just cubicles, it’s better for employees to have walls for privacy and noise buffers. Make sure there are dedicated quiet rooms where people can go for interruption-free focus. Also be sure to provide several wi-fi cold spots where there are no tech distractions.

8. Give people permission to “unplug” without consequences.

Foster a culture of patience that allows people to disconnect from their e-mails and work phones for periods of uninterrupted work and focus, even if it means they will return calls and answer e-mails at a slower pace. This helps your employees develop psychological safety, which empowers them to give their best work without fear of reprisals.

By the way, don’t expect people to be reachable by phone or e-mail 24-7. While there are always exceptions, don’t make it the norm for employees to be connected on nights and weekends. People need downtime to recharge.

Once you understand how deeply noise can impact your business, you can change the environment and enable everyone to do meaningful work. Imagine what potential this unleashes. A united front of leaders and employees concentrating 100 percent on what really matters is a force to be reckoned with.

 

Joseph McCormack is a successful marketer, entrepreneur, and the author of “Noise: Living and Leading When Nobody Can Focus“. Joe is the founder and managing director of The BRIEF Lab, an organization dedicated to teaching professionals, military leaders, and entrepreneurs how to think and communicate clearly. He publishes a weekly podcast called “Just Saying” that helps people master the elusive skills of focus and brevity.

Share

The post Eight Things Leaders Can Do To Cut Out Noise At Work appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/2GARMdt via website design phoenix

Wednesday, January 29, 2020

5 Promising Israeli Startups In 2020

Israeli startups have gained international recognition as cutting-edge enterprises with game-changing potential. While Silicon Valley remains a hub of technological innovation, it is not the only hi-tech enclave where big ideas are brought to the fore in the commercial arena. As the world’s second largest start-up nation, Israel has witnessed unprecedented success in this sphere. This pint-sized Middle Eastern country certainly packs a punch in more ways than one, with a smorgasbord of highly-successful start-ups in recent years. Israel is the go-to destination for big ideas, and Israeli start-ups are making tremendous strides in this direction.

There are scores of promising Israeli start-ups on the horizon, and these 5 are leading the way in terms of innovation, dynamism and outsized potential:

1. Drivenets.

Drivenets is an exciting new Israeli start-up with an ambitious mission: ‘… To build the network of the future.’ This start-up is headed by industry-leading professionals including its CEO and co-founder, Ido Susan, and Hillel Kobrinsky the CSO and co-founder. Drivenets is aiming high, with the strategic objective of creating infrastructure for managing a huge portion of global data in the coming decades.

By focusing on the deployment of new applications, 5G technology, and other innovative solutions, Drivenets and its proprietary Network Cloud software solution will provide for accelerated economic profitability, innovation, and high-level growth. By disrupting the Service Provider space, DriveNets effectively offers operators many more solutions to cost effectively scale up and achieve organizational goals.

Drivenets.com has won multiple awards from leading industry authorities such as Network Transformation Awards 2019, 2019 Diamond Technology Reviews BTR, WCA Winner 2019, Glotel Awards 2019 Finalist, and #1 Most Promising Start-Ups in Israel for 2019 Globes, among others.

2. Intezer.com.

Intezer.com is another award-winning technology company focused on Genetic Malware Analysis™. This start-up company creates software that identifies the origins of code so that it can defend against cyber security threats, and respond to them quickly and efficiently. Intezer.com guards against hacks, security threats, malware, adware, and viruses, particularly highly sophisticated cyber security threats.

This company has received multiple awards, including Cyber Security Excellence Awards Winner for 2019, Cyber Defense Global Awards 2019 Winner, and SC 2019 Awards Finalist. Intezer.com is headed by Itai Tevet, the CEO, Roy Halevi the CTO, and Alon Cohen Executive Chairman and Founding Investor. Other investors include Samsung Next, Magma, Intel Capital, and OpenView.

3. Namogoo.com.

This Israeli start-up company is focused on ‘Eliminating Digital Chaos’ by providing clients with visibility and control over their online business ventures, delivering exceptional customer journeys, preventing customer hijacking, and guaranteeing customer privacy.

Namogoo.com offers additional protections to companies to eliminate malware and invasive ad injections, to enhance the customer experience, and improve KPIs in conversion rates. The technology is premium grade, with Namogoo’s source code running on each and every visitor session, providing deep data analytics, continuous learning, full scalability, unobtrusive JavaScript, and cloud-based technology deployment.

The company is headed up by co-founders Chemi Katz and Ohad Greenshpan, and has several big-name investors involved, including Greatpoint, Hanaco, Oak HC/FT, and Blumberg Capital.

4. oz-code.com.

Oz-code.com runs on the tagline of ‘magical debugging’, and this is precisely what this Israeli start-up is all about. It provides clients with full insight into precisely what is happening in their code. This includes intuitive extensions for Visual Studio IDE, and a user-friendly dashboard for comprehensive monitoring and evaluation, and bug triage. Other benefits include live editing code in the IDE, and graphic representation of the LINQ pipeline.

Among others, Oz Code allows for prediction capabilities of how code will be executed, visualizations of data and code, and editing of potential futures through various iterative loops. The numeric indicator, LINQ Analysis Window, and LINQ DataTip features, et al allow for the prediction of exceptions, with full syntax support offered. By providing all the tools necessary for effective debugging, developers and IT team leaders can unleash increased productivity, improved software delivery, and enhanced performance.

The company is headed by Shimon Hason, the CEO, and Erez Fliess, Omer Raviv and Alon Fliess all of whom are cofounders of the startup.

5. Varada.io.

Varada’s mission is clear: ‘… Bring agility to any data-driven business and enable ad hoc, interactive analytics on any data without friction.’ This Israeli start-up was established in 2017, with dual offices in Israel and California. The company seeks to focus its energy on big data analytics, particularly the pain points in the big data analytics ecosystem.

Varada is fully backed by several large-scale investors including STAGE ONE, F2 Capital, and Lightspeed. The use cases for Varada include Fast B1 on S3, Presto-based workflow support with materialized index views and low latency analytics, self-service data platform, and the ability to expose operational subsets of big data with an automatic fast-indexed layer.

The founders of Varada include David Krakov, Tal Ben Moshe, and Roman Vainbrand.

Share

The post 5 Promising Israeli Startups In 2020 appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/2Gwka0m via website design phoenix

A Short Guide To Investment Portfolios

For many people, an investment will mean buying shares in the stock market. However, investments cover everything from shares, bonds, gilts and property through to vintage cars, wine and art. There are of course risks associated with investing in anything, but some investments are seen as a lot riskier than others. An investment portfolio will help your money work harder for you and is often designed to spread this risk (although it should be noted, it is not without risk). 

In this guide we’re going to look at how to build an investment portfolio in order to maximise returns on your hard earned savings.

What is an Investment?

An investment is clearly very different to putting aside money in a bank or building society account. Essentially, it is a gamble with the risk of losing money; potentially a lot of money. When you invest, you trade off the security of a guaranteed smaller return on a savings account for the chance of far greater returns from investments. 

There is, however, a risk that you may not make any profit at all, or that you will suffer a loss. UK bank and building society accounts currently offer very poor rates of interest but are backed by the Financial Services Compensation Scheme meaning that if the institution fails and cannot repay your money, you are guaranteed compensation up to a current limit of £85,000 per person per institution.

How do I create an Investment Portfolio?

An investment portfolio provides the possibility of greater returns. Interest rates on savings accounts are currently below inflation meaning that if you keep all of your money in a bank or building society, its value in real terms will decrease over time. A well designed portfolio spreads the risks inherent in investment and increases the possibility of profit. 

One of the most important considerations in managing risk and maximising potential gains is to have a diverse portfolio covering several different types of investments, or ‘asset classes’. Most investors will consider cash, shares (equities) and bonds. Historically equities have provided the greatest gains but they are risky. 

The value of shares can decline drastically if the company does not perform to the level the market expects. Bonds are safer but usually provide lower returns. With bonds the investor buys debt issued by the Government which is paid back at a set rate, offering a fixed income. 

A further investment option is a fund, which is a managed approach to investing in the stock market. Instead of buying your own basket of shares, you buy units in a fund which provides a pool of money for the fund manager to invest in the stock market. The fund manager will manage the fund in accordance with the aims of that particular fund, buying and selling shares as necessary. Some funds track the stock market as a whole whilst others invest around a particular theme. Different funds will involve different levels of risk. 

Balancing Risk.

A balanced, diverse portfolio will usually consist of a combination of cash, equities and bonds. The balance between the asset classes will depend upon the investor’s end goals, appetite for risk and time frame. Those looking to invest for the longer term may be willing to take greater levels of risk than those wishing to build up and maintain retirement funds or pay school fees. 

It is vital to review your portfolio as your needs and attitude to risk change over time. As you age, you will want to reduce the level of exposure to high risk investments. However, the need to rebalance your portfolio needs to be weighed against the fact that every time you buy or sell an investment, you will incur fees. Investments should be considered as a long term commitment. 

What are the Likely Returns on Investments?

As a general principle, the more risk you take, the greater the possibility of both bigger returns and bigger losses. Equities are more volatile than bonds, with greater increases and decreases in value. You should fully appreciate the risks of the investments you choose and be prepared to accept that the value of your investments could fall as well as rise. 

Getting Professional Advice.

Investors will usually require advice on creating and managing their portfolios. Don’t be tempted to act on the advice of family and friends; advice from a wealth management professional is strongly recommended. 

Wealth management advice will cover the appropriate mix of investments taking into account your needs to conserve capital and create growth and your own attitude to risk, as well as your age. Understanding the complexities of different investment products can be a minefield without expert advice. 

Share

The post A Short Guide To Investment Portfolios appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/2t8UXWC via website design phoenix

5 Strategies To Improve Your Business Value

According to Inc. Magazine’s “The Most Valuable Company in America,” more than 10 million small companies are likely to be sold in the next 5 to 10 years.

Because of this development, many business owners are concerned about business valuation and ideas for transitioning their businesses. There are a number of trusted methods on how to value a private company, describing some of the common business valuation principles. For many, your business is your baby. You’ve nurtured it for years and you’d want maximum returns on your investment when it comes to selling it.

But selling a business can be a major setback for entrepreneurs.

Besides the complexity of the process and the emotions involved, you have to focus on the key areas which are critical to building intrinsic value, which is easier said than done. Here are 5 strategies to improve your business value:

1. Focus on Increasing Cash Flow.

Cash flows are the number one factor that investors look at to justify the valuation placed on an acquisition target.

Potential buyers will evaluate your company’s worth by estimating the value of the future cash flows and assessing the inherent risks associated with that cash flow. Buyers want to see free cash flow because it dictates the means to grow a business. As such, it’s important to always calculate the future cash flow projections for your business.

2. Monitor Trends and Stay Current.

No business operates in a vacuum. Changes and events in the global landscape will always affect your business—either directly or indirectly. Staying current on the trends and changes happening in your industry can make you more competitive.

If say you are building a customer service chatbot, (which is the current trend) you will not only improvise mobile marketing efforts but also provide a personalized experience for your customers. Besides, no investor would want to put a stake on a company that is still holding on to outdated technologies.

3. Diversify Your Revenue & Profits.

A business that has one customer representing more than 20% of its revenue is too risky for investors. Should that customer leave your business, it would significantly affect your company’s revenue and earning potential.

To mitigate the risks, it’s always good to keep a diversified product/service mix and maintain multiple profit centers. Also, find a way to reach out to more customers if a large proportion of your revenue comes from select customers. 

4. Set Yourself Apart.

According to industry studies, only 25 – 33% of businesses offered for sale end up actually selling. That’s why it’s important to show to potential buyers what differentiates your products/services from the competition.

The secret lies in setting yourself apart. Consumers tend to appreciate distinction when it comes to choosing a company to do business with. For instance, if you’re in the salon business, you can create a distinction by offering something that the competition is not offering, such as online booking. You can even implement a loyalty program that will give your clients the opportunity to earn points for every service they receive in your salon.

5. Stay Away From Litigation.

Your company’s value will greatly be affected negatively if you’re always on the news for the wrong reasons.

EEOC, EPA, bonding troubles, workers compensation claims, accounting frauds, fines, and penalties are some of the bad things that can tarnish your company’s image and affect its value. Some of these litigations become a matter of public record and can affect a company’s value regardless of its current performance.

Got some more tips for improving a company’s value? Share with us in the comments section below.

Share

The post 5 Strategies To Improve Your Business Value appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/38TOU7J via website design phoenix

Why Niche Start-Ups Are Making Waves In 2020

For anyone who is thinking of starting a new business, entering a niche market makes a lot of sense. While some may think that offering a product or service that has as wide a potential take-up as possible is the best way to go, in fact doing this has many pitfalls. The mainstream markets are typically over-saturated and it’s a lot harder to get noticed or to offer something that isn’t already available. Generally, a new company can’t undercut the established players in terms of pricing or get wider distribution, but a new idea gives you an advantage that money can’t buy.

Niche markets are a way to avoid competing with the many bigger legacy firms that have far greater resources than you do, not to mention an established customer base. If your idea connects, you’ll find an underserved or ignored customer pool who will be fiercely loyal to your brand as it is offering something previously unavailable. Finding the right niche, and finding the community that this niche serves, is the way to make a small business a success.

Here are a few of the companies doing just that in 2020:

Small banking solutions.

Neocova is a core banking start-up based in St. Louis that aims its services squarely at small banks and credit unions. Its investors include the Bank of St. Elizabeth in Missouri, Sunwest Bank, Provident Bancorp Inc., First Financial Bank, and Coastal Community Bank, and Neocova recently confirmed a series A funding round of $9.5m.

On launching in October 2019, the start-up offered flexible cloud-based banking solutions specifically tailored to small and medium-sized institutions. These are far more cost-effective than the services offered to such clients by larger, more established core banking providers. The services that Neocova provides include simpler contracts, API integrations and other options designed to enable banking and financial services on a local and community-based scale.

Space exploration.

Where once space exploration and space technology were a closed industry dominated by NASA and a handful of major defense contractors, in recent years the field has opened up to hundreds of start-ups offering technology designed to assist in space exploration and exploring the potential of off-Earth solutions to pressing global problems.

Dylan Taylor co-founded Voyager Holdings in October 2019 in order to provide infrastructure and funding support for start-ups working in the space industry sector. Taylor was recognized by the Commercial Spaceflight Federation (CSF) in its Commercial Space Leadership Awards in January 2020, receiving the Commercial Space Business & Finance Award for his business and financial leadership in commercial space activities that have benefited the industry as a whole.

Following in the footsteps of Elon Musk’s SpaceX, which put the first privately financed rocket into orbit in 2008, and Richard Branson’s Virgin Galactic, start-ups are now offering quantum computing, space-based solar power, phased array radar, and micro-satellite launches that are challenging the domination of NASA and other existing bodies. Many experts believe that the future of space exploration will be led by privately funded companies.

Niche recycling. 

In Seattle, Ridwell is a curbside recycling program originally started by Ryan Metzger and his eight-year-old son Owen. It now has over 4,500 users. Metzger noticed that the city wasn’t recycling many common items such as light bulbs, plastic wrap, electronics and single-use plastic bags. Although hard to dispose of, these items can often be recycled.

In return for a monthly fee, Ridwell provides a bin and reusable bags for these items, which can be collected up to twice a week. They are then distributed to plants elsewhere in the country that can recycle them or, if this isn’t possible, disposed of in an environmentally conscious way.

Ridwell also collects items that can be reused directly by local non-profits, such as eyeglasses or kitchenware. The company estimates that in 2019 alone, it stopped 170,000 pounds of household waste from going into landfill.

One size doesn’t fit all.

Pepper is a lingerie company with a difference: it is specifically targeted at women with smaller busts. On launching, its Kickstarter campaign reached its target in just 10 hours, proving that there is a sizeable market of shoppers who feel that their body shape just isn’t catered for by existing lingerie providers.

Pepper’s founders discovered that most companies design their bras for a standard size, and then scale this to fit outside of the standard range. Unfortunately, this means that if you are not the standard size, then the design is both less effective and less comfortable. In 2019, Pepper increased its revenue eight times over. The start-up now has over 15,000 customers and a deal with Urban Outfitters.

These are just a few of the innovative start-ups making waves in 2020. Success in business is all about finding your niche and finding ways to serve it in the best way possible. Look out for many more exciting ventures in the months to come.

Share

The post Why Niche Start-Ups Are Making Waves In 2020 appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/2vtjvKF via website design phoenix

Tips For Saving Money In A Supply Chain Business


One of the best ways to improve your bottom line is to keep costs in the supply chain under control. Fortunately, there are some fairly simple measures you can take to achieve this.

However, before you focus on reducing costs, you need to know which areas to focus on, as the right adjustments in the right places would potentially lead to higher returns in the right areas.

What follows is an overview of the best ways to cut supply chain costs and increase your profits.

Utilize Storage Space Better.

If you make the most of the available space, you will save money at the end of the day. As you know, storing supplies and products in your warehouse is expensive. But with a spacious and smart garage door in your property available to use, you can cut significant costs. 

Experts at A1Garage advise that storage security and easy access should be high on the list of your priorities. They add that companies should also “evaluate whether or not they make the most of the space available. You may find that if you find a place that better suits your actual needs, you can save some money.”

More Automation.

The automation of the supply chain processes can help you achieve your goal of lowering the supply chain costs. Have a professional assess your workflow so that you can get suggestions on how to automate your workflow to improve efficiency.

Optimize The Ordering Process.

You need to make your order process as efficient as possible. That means at least a couple of things.  Use a single software package to meet requirements. Otherwise, employees who use different applications may order too many specific products or inventory materials.

Do remember that you must enforce an approval process so that nothing is ordered without the appointed officials ‘ approval.

Evaluate Market Demand.

Regardless of how long you have been in business, your demand will probably change from time to time. For you, some seasons or years may busier, while other times may mean fewer jobs.

If you work on the same supply chain plan year-round or year after year, you’re likely wasting a good chunk of your money. You should research your needs consistently throughout the year.

Make regular adjustments to your supply chain throughout the year to reflect your research results. Closely study your estimates and your real orders before you know how your demand looks.

Consider Outsourcing.

Although outsourcing the management of your supply chain requires an additional expense, it can also help to make your company more competitive and profitable.

For smaller companies that may not have the resources to maintain a full supply chain team internally, outsourcing some vital areas of logistics and marketing can take the pressure off your shoulders, as long as you outsource the job to a professional such as copywriteroffice.com when it comes to digital marketing. 

Outsourcing your supply chain management can also reduce the number of mistakes your company makes during the fulfilment or shipping process, saving you valuable time and money.

If you think supply chain is something you simply don’t have time for, consider outsourcing at least part of it.

Package Well.

The better you pack your products, the less likely it is that your products will be damaged when shipped. Make sure that the person responsible for this function properly packs and stacks your product to avoid or at least minimize damage.

Consider The Links.

Assess all links in your supply chain. To know exactly what you need for an overhaul or optimization, you need to find answers to the following questions:

  • What can possibly be eliminated?
  • What can possibly be improved?
  • What can possibly be changed to increase overall efficiency?

In conclusion, a good overview of your supply chain is one of the best ways to reduce costs and improve your efficiency. With these tips, there’s no reason why you should still have trouble streamlining your supply chain process.

Share

The post Tips For Saving Money In A Supply Chain Business appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/312Vbv2 via website design phoenix

VoIP: What Is It And What Benefits Does It Offer Your Company?

VoIP (‘Voice over Internet Protocol’) has become a major player for a lot of companies. And we understand that plenty of businesses favour internet telephony over analogue lines, because it has many benefits.

Are you curious to find out what VoIP is, how it works and what the possible benefits for your company are? Then read on and find out. 

What is VoIP?

VoIP makes it possible to call without using a landline or mobile network. You use one uniform method for telephone traffic – and other unified communication services – via the internet. VoIP makes use of the existing internet and therefore doesn’t need its own infrastructure. And because VoIP uses the same UTP cables or WiFi connection as your computer, laptop or printer, you can say goodbye to a NT1 box, ISRA point or ISDN cables. And that provides financial advantages and many other benefits.

How VoIP works.

VoIP technology transports speech through packet-switched protocols, instead of the old fashioned use of electromagnetic wave movements to transport voice sounds (PSTN). The packet-switched protocols (digital blocks) imitate the movements of speech waves. These small digital blocks get different labels, which you can compare to envelopes. On these labels are the shipping address and destination, so the packages can find their way to the destination. This system has two major benefits; a lot more information can be sent over the same infrastructure and if one of the lines malfunctions, the information can be sent via another route. 

So VoIP telephony (Dutch: VoIP bellen) converts voice signals into digital signals. Then, the digital data is transmitted via the worldwide internet, through the Internet Protocol (TCP / IP). So, a telephone call from your VoIP telephone is sent through your router, over the internet to your internet provider. Your internet provider then sends the data via the internet to the provider of the organization you’re calling. This provider converts it back to an analog signal and sends it over the analog line to the person you’re in a call with.

The benefits of VoIP.

There are multiple benefits of using VoIP. Your company doesn’t have to invest money in an interoffice telephone and there are no maintenance costs. Your company can also save up to 70% on the distribution costs and calls from other branches of your company are free of charge. So, VoIP is cost saving. But there is more…

With VoIP, you don’t have to be in the office to connect to the phone system. You and your colleagues can access the office directory through your smartphone, laptop or tablet and make and receive calls as if you’re in the office. The result? Much more flexibility! VoIP also has way more functionalities than the landline. Examples are call waiting, hunt groups, fixed mobile convergence and integrating office systems like the CRM with your VoIP system. And VoIP offers you a virtual number, that allows you to have a local phone number, no matter where you are in the world.

So, more flexibility and increased savings by lowering costs. That is what VoIP has to offer your company.

Do you want to know more about VoIP? Find out more at De Nederlandse Provider.

Share

The post VoIP: What Is It And What Benefits Does It Offer Your Company? appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/316EyP4 via website design phoenix

How You Can Know If You’ll Be Accepted For A Loan Before You Apply

Applying for loans can take a lot of time. If you are denied for the loan after application, you just wasted your valuable time and being rejected is frustrating too. Luckily, there are a few tricks to know beforehand if you will be accepted or not.

One way is using a loans eligibility calculator. With a few simple steps, you will know if your request for a loan has a high chance to succeed. Fill out the calculator with the preferred loan amount and duration. Furthermore, you have to put in some personal information, income, and the reason for the loan. Press the calculate button, and you will have your answer. Of course, this is a generalized test and will not give a 100% guaranteed acceptance from a particular lender, but you already have a strong indicator if your request seems eligible or not.

To be sure about acceptance, check the requirements of the lender you are aiming for. If you fulfil all the requirements, you are almost certain to be accepted by the lender. Typical requirements to be accepted are the following:

Credit requirement – You have to check the credit requirement of the lender. If you don’t meet the requirement, you are almost certain to be rejected. Minimum income – Many lenders also have a minimum income requirement before accepting loans. Make sure you meet this condition as well. Sufficient collateral – If you have sufficient collateral to pay of your debt, you increase the chance to be accepted.

Lenders reduce their risk when they can get the loan back through your collateral. You run the risk of losing your collateral when you are unable to pay off your loan, but with sufficient collateral, the acceptance rate goes up considerably. Current outstanding debts – When you already have outstanding debts, the chance of acceptance for a new loan is reduced.

A particularly helpful tool is the debt-to-income ratio to determine if you are eligible for the loan. The reason for the loan – Check which reasons are allowed for loans by the lender. Don’t apply for a loan when your reason is not allowed by the lender. Find another money lender that services your kind of loan. Employment requirements – What kind of income does the lender require? Do you need to be employed for a certain amount of years, show steady income as a free-lancer, and can you also use other sources of income to back up your request? If you can comply, you are one step closer to acceptance.

Proper preparation, fulfilling all requirements of the lender, and a little bit of common sense is all you need to know if you will be accepted before you apply. Do your homework and avoid rejection for loans. Furthermore, be careful with loans that are at the limit of your financial power. Be sensible and responsible to protect yourself from financial problems. If you need new loans to pay off old loans, you will be caught in a downward spiral of earning money just to pay off interest rates.

Share

The post How You Can Know If You’ll Be Accepted For A Loan Before You Apply appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/2RExQgd via website design phoenix

What Is A Professional Employer Organization?

Have you ever heard the word PEO and thought, what is that? Well, you are not alone, but PEOs is something you should pay attention to if you own a small or medium-sized business.

What is a PEO?

PEO stands for Professional Employer Organization, and PEO companies work with smaller businesses to help them in managing payroll-related taxes, human resources, and other employer-related administrative functions that are needed to run a business. PEO is a subcontracting firm that provides services such as human resource consulting safety and risk mitigation services, workforce management technology, training, and development.

Here are item’s that a professional employer organization will help your business with:

Payroll.

PEOs help administrators organizing payroll payments for full and part-time employees, both salaried and hourly, vendors, and contractors. They can help with setting up automatic deposits and payroll administration.

Benefits.

A PEO company can help with benefit administration, from onboarding benefits, claims, and other benefits. They help companies access medical, dental, and vision benefits for your staff and negotiate affordable rates.

Compliance Support.

A PEO company supports businesses with employer-related compliances for items such as payroll taxes, employee tax forms, and reporting forms. Some of the support that PEOs offer are reporting new hire, workers’ compensation, employment practice liability insurance, and unemployment insurance filings.

Additional Benefits.

Business owners can receive other additional perks from PEOs, like discounted gym memberships. Any perks that are provided by PEOs are aimed to provide healthy, happy teams and helping employers create a pleasant working environment.

PEO and Your Business.

So, how will a PEO help your company?  There are many advantages the PEOs can bring to your business, such as cost savings on employee benefits, cost savings through hiring, protection against risk, and get hours back in your day.

Cost Savings.

Working with a PEO, your employees are grouped with the PEOS co-employees to form a large group, which means the PEO provides the employees access to health coverage rates that are competitive with a large corporation.

Hiring.

A PEO saves you in having to hire administrators or human resources for your business because they handle employment-related paperwork in house for you, and when you can employ HR, you can utilize their talents to focus on making your company a fantastic place to work.

Risk Protection.

Compliance can be complicated to understand from paperwork to file and insurances to secure. Costs of getting the paperwork can be high, and you could be fined. PEOs understand and are knowledgeable in employment-related compliances and know the paperwork the needs to be filed.

More Time.

Owning a business can be around the clock job. There’s always an abundance of work and little time to get it done. PEOs can take a lot off your plate when it comes to employment-related administrative work, which contributes to you getting house back in your days and week.

How Does it Work?

A PEO works by taking responsibility for you through co-employment. Co-employment is a contract allocation and sharing of certain employers’ responsibilities between the PEO and client. Through the sharing of employer responsibilities, your business can leverage economies of scale. PEO will handle payroll administration, tax filing, HR support, and access to market while you stay responsible for the day-to-day management of your business. Start your search with this list of the best PEO companies.

Final Thoughts.

A PEO is a human resource company that you can contract for your business to perform specific business functions and provide improved work atmosphere. Clients of professional employer organizations are usually smaller business with usually 19 employees. Companies with less than ten employees wouldn’t benefit from a PEO. If you are a smaller business, PEO is something to consider for the handling of human resource responsibilities.

Share

The post What Is A Professional Employer Organization? appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/2U6LwSA via website design phoenix

How To Make Your Advertisements On Social Media More Effective

Advertising your business through social media is a necessary task today. Most people find social media to be useful and engaging. This is why in recent time most of the biggest companies in the industry advertise their products and service wisely on Facebook and Instagram.

If you are interested to know more about advertisement tips on Instagram and Facebook and how the processes on these sites work, here is everything for you.

Focus on Making Your Advertisement Appealing.

If you ad is appealing enough, has all the right aesthetics and engages your potential customers, half the battle of the market is won. Your ad needs to be short crisp and clear so that your target audience feels that your ad can be trusted. If you ad is transparent enough, your potential customers will understand the advantages of using your products and services. Thus your ad needs to interesting and clever.

Some companies go the extra mile and buy real Instagram likes on their posts and videos. These ads then generate more interest as people can see that more people like it and are associated with it.

Go For Appropriate Landing Pages.

Here is where the conversion happens so you need to think through when you decide on the landing pages. If the landing pages are not good enough and appear boring or do not generate enough interest, the chances are high that your target audience will not stay on the page anymore. The bounce rates should not be high otherwise the potential customers might not convert to actual customers ever.

Target the Right Set Of Audience.

Always decide the target audience before taking any step. When your advertisement reaches out to the right group of people, your investment is completely worth it. Remember that with the right steps, you can easily climb the ladders of success.

When the right audience finds your product useful, the positive word-of-mouth will increase substantially. This will give a boost to the sales of your products or services.

There are several companies that buy real Instagram followers so that their advertisements can be get more audience. It is a very common and effective solution to boost your product’s reputation.

Test Your Advertisements.

Today social sites like Facebook and Instagram are filled with ads from different companies, big and small. There is much competition, so you need to make sure that your advertisement stands out. For this, go for a catchy tagline in the advertisement that your target audience will remember and relate to. The more you impress people, the better your products will do in the market in the long run.

If you have any advertisement that you have decided to put up on Instagram and Facebook, it is a good idea to test your ad with a small test audience. Look for their feedback and reactions to see how your advertisement is doing. Use the feedback to improve on your product and the advertisement as well if needed, if needed.

Share

The post How To Make Your Advertisements On Social Media More Effective appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/36zpmLA via website design phoenix

Tuesday, January 28, 2020

Your Company Can Either Lead Sustainability Efforts Or Get Out Of The Way

by Dan Lauer, founding executive director of UMSL Accelerate

Change is unavoidable in business. When Netflix began streaming media directly to customers in 2007, it changed the face of home entertainment. When Uber coordinated its first ride in San Francisco in 2010, it changed the transportation game.

Change is constant, and one of the biggest change-drivers facing business leaders at the moment is sustainability. In December 2019, Amnesty International released a survey detailing how climate change is the biggest concern for young people. Consumers want to patronize businesses that engage in more sustainable practices, and they’re putting their money where their mouths are by buying more products that prioritize sustainability.

You have a few options as a business leader: You can become a sustainability leader. You can follow others as they inevitability innovate ahead of you. Or you can be left in the dust.

How to Drive Sustainability.

If adopting more environmentally friendly business practices will boost your business, then follow these three steps:

1. Practice enlightened self-interest.

Midwestern utility provider Ameren embraces this mindset. CEO Warner Baxter believes a company is only as strong as the community it serves. As a result, Ameren invests in and builds up its surrounding regions — and the company benefits from the community’s positive momentum.

How does this affect sustainability? The pursuit of sustainable business practices makes sense because consumers ask for them and are more willing to do business with green companies. What’s good for the Earth ends up being good for your bottom line.

More broadly, your company and your community have a symbiotic relationship; what’s good for one is good for the other. If your community has robust job growth and economic development, then you’ll have more potential customers to serve. If your community attracts top talent and businesses, then your company’s resources, networking opportunities, and growth partners all improve.

For many business leaders, it can be hard to prioritize sustainability efforts when facing short-term pressures. But if you practice the idea of enlightenment self-interest, sustainability becomes an investment in your consumers, your community, and your company.

2. Take an entrepreneurial approach.

The same skills that entrepreneurs and business leaders use to scale companies come in handy when trying to acquire sustainability buy-in. Considering the decades long journey the electric car took from idea to execution, it’s clear that sustainability requires a lot of trial and error. There’s not necessarily a “right” way to be a sustainable business — there are a million different ways to embrace sustainable practices.

As with any innovation, don’t expect the process to be linear. You’ll need to spend time and resources finding sustainable practices that will deliver long-term results. You can’t be afraid of risks, and you can’t give up at the first sign of trouble.

Embrace a “learn fast, fail fast” mindset as you find green ideas that work for your business. Get creative, get comfortable taking calculated risks, and get everyone at your company invested in this long and rewarding road. Be clear that you expect some mistakes, lessons learned, and adjustments along the way.

Celebrate any small wins toward the bigger goal to keep up the momentum. If some of your team members proactively decide to source more environmentally friendly materials, for example, recognize and encourage those efforts.

3. Formalize efforts with collaborations.

Athletic brand Adidas has become a leading brand in sustainability due, in part, to its partnership with Parley for the Oceans. Through this collaboration, Adidas plans to use recycled materials to produce 11 million running shoes.

You won’t get anywhere without formalizing efforts toward innovation, and collaborations can be the best way to do that. Through a public-private partnership, or PPP, Ameren coordinates an accelerator program focused on sustainable and smart technology. Similarly, Los Angeles just announced a PPP to address sustainable transportation issues.

Collaborations enforce timelines, budget, and talent — investments that are necessary to achieve a goal. By forming partnerships with other organizations or community groups, you’ll have accountability partners. And while your business likely is great at its core competencies, and it’s unlikely you have all the in-house knowledge and resources needed to achieve sustainability goals.

One of the most imminent changes facing business leaders in the near future is the pressure to adopt more green practices. Businesses that want to be more sustainable must adopt enlightened self-interest, lean on entrepreneurial skills, and find mutually beneficial collaborations. Some bumps in the road may occur, but your customers will appreciate the movement toward sustainable practices.

 

Dan Lauer is the founding executive director of UMSL Accelerate, an initiative that fosters innovation and entrepreneurship in and outside the classroom and helps bring concepts from mind to market. Dan is a long-standing, successful entrepreneur who’s founded multiple companies, including Lauer Toys Inc. Through the UMSL Accelerate, he serves as a catalyst for developing a vibrant ecosystem of students, faculty, and community to inspire innovation and advocate for entrepreneurship.

Share

The post Your Company Can Either Lead Sustainability Efforts Or Get Out Of The Way appeared first on Young Upstarts.



from Young Upstarts https://ift.tt/3aR6MBK via website design phoenix