How Your Business is Losing Even More Money Than You Might Expect

It’s essential to be able to budget in business. Having some form of predictability in your finances is essential for those future plans you’re going to make. Yet, besides the regular expenses and income, you will often find you have less money than you thought. And why is that? It’s because there are expenses you’re not thinking to account for. Here’s how your busy is losing money right under your nose.

pexels-photo-251287

Pic Credit

Be more resourceful

Every business should expect little one-time costs that come as a result of the passage of time. A piece of furniture might break, a piece of equipment might need a repair. They might be negligible costs in the moment, but they will build up if you’re not taking proper care of your equipment. Extend the life of your furniture by investing in higher quality and protecting it with materials like laminate. Have a proper preventative maintenance schedule for your hardware. Use your resources more wisely.

pexels-photo-240223

Pic Credit

Hold onto those employees

Even more expensive than having to replace a table is having to replace an entire person. In fact, some studies say that you could be paying over £30,000 when you replace an employee. From the labour lost while you wait for a replacement, to the hiring process and training involved, it’s not too far-fetched to see how you could get to that number. So do your best to keep your employees. First, focus on those who don’t do too much job hopping and show signs of looking for a reliable long-term career with you. Then make sure you’re going the extra mile to retain them, like making sure their job engages and motivates them.

money-card-business-credit-card-50987

Pic Credit

Get your money

If you run a business that offers payment options besides immediate transfers and cash, then you’re probably doing a lot of your accounting based on projections. Yet, late payments and unreliable customers can cause you to deviate a little too much from those projections. If you’re invoicing, make sure that you’re firm with setting and following deadlines. If you have any kind of credit options, then it’s a good idea to use services like a credit recruitment agency to get people on your side who can help you see whether or not a potential borrower is reliable enough for the business.

pexels-photo-28462

Pic Credit

Get more done

It can be harder to measure, but you need to think about how much work you’re getting done for the amount of time spent in the office. If you’re not getting a return on investment for each of your employees, then you will be losing money without even recognising it. Instead of having to let them go, see if you can’t help them get more productive. For instance, teaching proper time management and improving communication with workflow software can see you get a lot more done in the time you have.

You can never truly predict your finances to a level of 100% accuracy. But what you can do is eliminate the risks of hidden costs by taking the times to identify where they might arise from. Hopefully, this article helps you do that just a little better in future.

Contributed Post.

If you like what you’ve read here, please let others know of this post, blog, and site.

And thanks for reading!  🙂

PC Gaming Tech Just Got Serious: Here’s Why

For years, pundits have been prophesying the death of PC gaming. It’s too expensive, they said, and with the rise of mobile platforms, there simply isn’t a market for it anymore. And for a time, it appeared as if they were right. PC sales plunged, and continue to do so, and mobile form factors, like tablets and phones, took off.

tgs_2014_gamer_pc_-0880

Wikimedia Commons

 

But in 2016, things looked a little less rosy in the mobile space than most imagine. We reached “peak smartphone” meaning that the market was mostly saturated, and tablet sales actually fell slightly. Meanwhile, the PC, long considered to be dead, was actually going through something of a renaissance. We saw the rise and mainstream adoption of some fabulous PC gaming technologies, including things like Adaptive Sync, high refresh rates, 4K and low-APIs, all making the experience on PC far superior to any other platform, including the consoles. PC gaming is the Rolls-Royce of gaming, and although console owners would never admit it, something to which they aspire.

computer-398709_960_720

Pixabay

 

According to CNET, PC games sales are expected to reach a whopping $29 billion dollars this year, eclipsing the $28 billion worth of video game sales in the console market. And if the trends are correct, that gap will continue to widen further. It seems as if we’re looking at the end of the era in which people play certain games on certain platforms, as this list of PC games like Clash of Clans makes clear. People want to be able to access players across platforms, including the PC, in order to play with their friends online and to have the experience of their choosing. Why should users be forced to play a game on their tiny mobile screen, just because it’s a “mobile game” when they have an enormous gaming monitor sitting in their study? And why should people who shell out for VR systems be cut off from the rest of the gaming community in special VR areas? This isn’t what gamers want, and the industry is listening.

19758115800_004d1b4314_n

Flickr

 

The problem for developers at the moment is the proliferation of the many ways in which people can play games. Just a few years ago, there were consoles and PCs. But now there’s VR, streaming TV devices like the Steam Machine and Nvidia’s new console, as well as all the mobile devices you can imagine.

 

Brian Blau, a researcher from the research giant, Gartner, says that this has played into the PC’s hands. He points out that often the only way to play the latest titles at high fidelity is to play them on the PC. The PC isn’t limited by size or space, unlike tablets, and so there’s physically more room for the high-end components to run games like The Witcher 3 and Ashes of the Singularity.

16703282545_8ba2199c63_n

Flickr

 

The PC is also the only platform on which to have a pleasant VR experience. Consoles simply don’t have the horsepower to deliver what we might call “presence” in virtual reality. It all means that PC gaming is getting serious again, and we might be about to go full circle, from PC to console and back to PC.

Contributed Post.

If you like what you’ve read here, please let others know of this post, blog, and site.

And thanks for reading!  🙂

Creative Office Design Tips To Give Your Business A Boost

For many, business success lies in the art of creativity. If you have a creative mind, you can do things that others don’t do. One way to be creative in business is with the design of your office. Below, I have some office design tips that will help improve your business on the whole:

Office Windows

Windows play a huge role in the design of your office. It’s important that you get as much natural light as possible. Why? Because natural light always enhances the look of every workspace. And, it has positives for other sides of your business too, namely the financial side. If you utilize natural light, you can save loads on office energy bills. Consequently, you reduce your business expenses. My advice is to get some blinds that match the overall look and feel of your office. Blinds are great for determining how much natural light you want to allow in at different times. It can create a good atmosphere in your office workspace.

Office Doors

I find that office doors are often left neglected by businesses. You don’t give them a lot of thought, but, they can be very important. Your main office door will be the first thing people see when they visit. It sets them up for what’s inside and must be a reflection of your main office design and brand image. You want the door to look impressive and have a high-quality finish to it. I’m sure you can find some roll coaters out there that will provide a great finish to your office door. Now, it looks sleek, shiny, and very impressive. The color should also align with the main color scheme inside your office. If you’ve gone monochrome, then I say a black door will be good. If you have a vibrant color scheme, then pick a color that goes well with it.

14231496845_a58351ec24_n

(Flickr: https://flic.kr/p/nFA9cg)

Office Layout

I think the best and most productive offices are ones with a very simple layout. When you cram desks and cubicles together, it can feel very cramped. It doesn’t inspire worker productivity when everything is tightly jammed. If things are more spacious, with just a few desks in a large office, then it’s better. Not only does it look better but people can work more productively too. The desk and chair type will again depend on your overall office design.

Office Walls

Finally, we arrive at one of the most important aspects of your office; the walls. Wall design is crucial for building an image and helping your staff work better. The popular idea is to have creative murals on the walls. These can make your office look incredible, and also serve a purpose. Murals can include inspiring quotes that motivate your workers. Also, the color of your walls serves to set the main color scheme of your office. It’s very important, and you must give it plenty of thought.

With these tips, you can give your business a real boost. Designing your office has a huge impact on the success your company enjoys. Get creative and make an office that’s a joy for everyone to work in.

Contributed Post.

If you like what you’ve read here, please let others know of this post, blog, and site.

And thanks for reading!  🙂

If You Could Only Live In One Country, Which Would It Be?

Every year, websites all over the internet release lists of what they believed to be the best countries to live in the world. Here we’re going to take a look at some of the countries that regularly make it to the top of those lists. Let’s take a look.

Switzerland

17868-swiss-flag-pv

Free Stock Photos

Switzerland is famous for being neutral and independent. Perched high up in the Alps, it didn’t take sides, even in WW2. Now the country has something of a reputation for offering a great standard of living for the people who live there. The population of Switzerland is around 7.2 million. It has one of the most stable economies in the world, thanks mainly to a stable monetary policy. As a result, investors flock here, spending their money on new projects in the country.

Metropolitan life here is also safe, fun and clean. Major cities like Bern, Zurich, and Geneva has exceptionally low rates of crime. They’re also beautiful cities. For instance, Geneva runs along the giant Lac Leman, a lake that runs for miles out of the city.

Canada

251px-canada-satellite

Wikimedia Commons

Canada is considered to be one of the best places to live in the western world. This is because of its historically low rates of crime and the overall happiness of its citizens.

It seems as if many more people are looking to get a visa for Canada. Spending on tourism in the country is a good proxy for whether people want to move to the country. Spending has increased to more than $81 billion in the last year or so, demonstrating intent.

Health and longevity is good here too. On average Canadians live to 81 years of age. That’s more than four years longer than the average in the US. Canada also has a low unemployment rate, thanks to some rather clever trade policies and an economy based on services.

Ireland

ireland-829067__340

Pixabay

Back in 2009, the future for Ireland looked bleak. Its banks had been ravaged by the global economic meltdown. And it was on the brink of bankruptcy. Not anymore. The economy here has been turned around considerably since the last decade. There are genuine opportunities to settle down and make a living here.

There’s also ample opportunity to explore the beautiful landscape. Ireland has vast areas of wilderness, thanks to its low population density. It also has many of the best golf courses in the world, if you’re interested in that type of thing. Finally, Ireland is a treasure trove for history buffs. The island is littered with castles and forts. In fact, Ireland boasts the greatest numbers of restored castles and forts anywhere in the world.

New Zealand

new-zealand-1182764__340

Pixabay

If you’re an animal lover, New Zealand is the place to be. Only 5 percent of the population here are people. The other 95 percent are herd animals, sold for export.

The main city of Auckland plays host to the Sky Tower. The Sky Tower is a little bit like the observatory in Toronto. Visitors can look out over the city of Auckland from a height of more than 1076 feet.

Contributed Post.

If you like what you’ve read here, please let others know of this post, blog, and site.

And thanks for reading!  🙂