DCIM Decisions: Finding the Best Solution for Your Company

It can be difficult to choose the best DCIM solution for your company. There are many to choose from, and many vendors too, all of which offer slightly different products.

Here are some things to keep in mind to find the best solution for your growing company

Decide on the Features You Need

When it comes to finding the right data center monitoring solution for your needs, the first thing to do is look at the features provided by different vendors’ solutions.

You want to make sure that your chosen solution has all of the features you require, so compare products and avoid those that do not have the most important features.

Some of the things you might need include asset management, VM control, IT control, and environmental control. So look at the solution in depth and use this to guide your decision-making process.

Make Sure It Is Scalable to Your Needs

A DCIM solution should be scalable so that it can grow alongside your business. If it is difficult or impossible to scale, it is unlikely to be of much use as your business grows.

Save the hassle and expense of changing solutions later on, and choose one from the start that will grow with you.

Choose a Vendor with Good Support

As well as choosing a solution that has everything your business needs, you will also want to make sure you get the right level of customer support from the vendor.

You don’t want to be left on your own to deal with problems when they arise, so ensure you can always speak to a real person and get answers to your questions as soon as you need them.

Know How Easy It Will Be to Get Up and Running

If you have a small business, you may want to ensure that you choose a solution that is easy to set up and start using rather than a complex solution that takes many months to get up and running.

Also, find out if you will be provided with training. You don’t want your vendor to disappear and leave you without knowing what to do.

Choose a Vendor with Experience

Finally, make sure you choose a vendor that has a lot of experience and a great reputation to match. You don’t want to find out when it’s too late that they have a terrible reputation.

Do your research and find out who their existing customers are and ask them what they think. Read some third-party reviews if you can find any, and look out for any warning signs.

Only choose a vendor when you are happy that they will provide you with the level of service you need.

Find the Right DCIM Solution

These are some of the main factors to keep in mind when you are choosing a DCIM solution for your growing business.

Finding a suitable DCIM product is something you want to get right first time. So look into all of these factors very carefully, then take your time finding a solution that works for your business and provides you with all the benefits you are looking for.

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4 ideas to make this summer’s office party a roaring success

Office parties have always had something of a reputation – we certainly don’t need to go into the in’s and out’s of why.

Some companies limit them to Christmas, but if you’re one of the lucky few who are able to party during the summer months then it’s fair to say that there are a wealth of different events that can make it a roaring success.

We’re not talking about all-day drinking sessions in the beer garden (although this might sound appealing to some offices) but rather some creative ideas that can really appeal to everyone from Barbara on accounts, to Tim in marketing.

Let’s now take a look at some of the best events for your summer office party that can really make a mark.

Crystal Maze

If you have a particularly young office, this first suggestion might not be everyone’s cup of tea. However, even if not everyone was old enough to remember Crystal Maze, there’s no doubt that the concept is still modern and will be enjoyed by most.

In simple terms, it’s a team-building event. The Crystal Maze element throws a much more advanced element to it though, with each different zone testing participants’ skills.

The best part of all? The winning team get to collect the famous gold tickets swirling around in the crystal dome.

It’s A Knockout

Let’s stay on the topic of television shows, by this time switching to It’s A Knockout. Again, this is something that might not be overly familiar to the entire office, particularly as the peak of It’s A Knockout occurred in the 80s. For anyone unaware – this was a BBC classic, and involved a whole range of activities that made use of the likes of inflatables, water and various costumes.

In other words, it’s something that’s going to prompt barrels of laughter. Combine it with drinks and a BBQ so you can reminisce about the day’s hilarities.

Boat racing

This time, we’re swaying away from the television theme. Most events companies who offer boat racing tend to do so in the Dragon Boat form – which just adds even more spice to the equation. For anyone unaware, Dragon Boat Racing includes a helmsman for steering and a drummer, who provides plenty of rhythm to really get the team in the mood.

One of the best parts of this idea is that it really can cater for offices of any size. Whether you have an office of hundreds of people, or just a few, you can either have the entire water to yourself or race against others.

Raft building

Following on from boat racing, let’s now move onto raft building. Little else needs to be explained here – your office will be split into teams who are given the task of building a raft. Particularly with the sun beating down through these months, a lot of offices find that this is one of the best ways to link together.

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Why Seniors Citizens are Thinking About Starting a Home Business

Most people think that senior citizens should continue to live a life of leisure as they’ve earned the right to take it easy. However, some people who are at an advanced age may not be inclined to do so as they prefer to find other ways to stay engaged with the world.

Extra Cash In Retirement 

Some active seniors who live at home, and even those who reside in assisted living communities, often find that the monotony of doing nothing at all can lead to boredom or loneliness. While a steady or part-time job may be out of the question at this point in their lives, some find that starting a small business is the perfect way to pass the time while making a bit of money in their golden years.

For seniors who have the entrepreneurial spirit, the desire to have a small home business or online business has nothing to do with accumulating more wealth. Cash may be an important determinant of a person’s life satisfaction, but its effect declines over the age of 75. For business-minded seniors, acquiring more money is not the purpose of any endeavor – it’s about doing something meaningful to fill their days.

Inspiring Entrepreneurs

Some seniors have even become so passionate about what they do that they became successful later in life. There’s Col. Harland David Sanders, who franchised his first Kentucky Fried Chicken at the age of 62. Then there’s 82-year-old Dorrie Jacobson, who started a very successful fashion blog to inspire women over 60 and has become the darling of the fashion world.  

If you’re a senior citizen and are thinking about starting a small home or online business, you’re in luck – there are lots of opportunities out there for you that aren’t physically demanding. Even if you’re in an assisted living facility and have impaired mobility of movement, there are other things that you can do that don’t require you to move around as much.

Here are a few business ideas if you’re planning to start a home or online business:

  • ·         Take a call center job. This is a great online job if you have low mobility as all you need to do is talk on the phone.
  • ·         Follow in Jacobson’s footsteps and start a blog where you can give expert advice. Pick a topic that you know and start writing. If you aren’t tech savvy, there are tons of tutorials out there to get you started.
  • ·         Do you love to sew? You can start an alteration business or take on small sewing jobs from your neighbors.
  • ·         If you’re into crafts or DIY projects, you can sell your wares at craft markets or at an online shop, such as Etsy. Many seniors earn a decent amount of money by selling handmade soaps, lotions, knitwear, and other items on this site.
  • ·         Got a winning cookie or pie recipe? You can sell baked goods at home or online. You can ask younger members of the family to scout for places where you can sell your food if you want to earn more.

There are many small businesses that you can launch from the comfort of home. All you have to do is to find one that you’d enjoy doing, and most importantly, one which will give you happiness and a sense of fulfillment.

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Coworking 101: How to Thrive and Survive In a Shared Office

coworking

When you’re new to a country and a culture, meeting people can be a little daunting. We all know that customs vary wildly across the globe and eastern practices, in particular, tend to be quite different from those in the west. Often, a lack of knowledge can lead to insult, especially in the business world where first impressions are everything.

This is just one of the reasons why foreign investors and those looking to launch a company in Singapore are encouraged to try out coworking spaces. These shared offices are a great place to people watch, learn from others, and get to know the locals. They bring together like-minded entrepreneurs from all walks of life in a creative, collaborative environment.

Keep reading for some advice on the best ways to thrive and flourish in the coworking spaces of central Singapore.

Respect the Culture

Shared office space is so valuable precisely because it gives foreigners a chance to observe local people in a relaxed and polite way. So, for this reason, you shouldn’t worry too much about causing offence. If you show good manners and respect Singaporean customs, people will be glad to work with you. Just remember that people in Asia aren’t as direct as westerners.

They place a lot of emphasis on conversational niceties and greetings are important. Don’t ask too many personal questions until you know somebody better and always accept business cards with care. They should not be placed out of sight until the giver has left. Visit www.servcorp.com.sg/en/virtual-offices/ to check out coworking spaces in central Singapore.

Be Helpful and Supportive

One of the easiest ways to make connections in a coworking space is to be a helpful presence. Even something as small as carrying extra pens can make a difference because you only have to offer somebody a tiny bit of assistance to show that you’re worth their time. It is also a good opportunity to spark up a conversation and find out what industry they are in.

It can take a little while to get used to a shared office, especially if you have never experienced one before. The tenants here are open to collaboration and discussion, but this doesn’t mean that they’ll always seek it. Use your instincts, don’t disturb anybody who is obviously hard at work already, and try to restrict your introductions to slower moments like coffee breaks.

Stay Safe and Secure

The best coworking facilities have robust security features. They don’t just let anybody walk in off the street. Most have a system of some kind. It might be a key code or even a key card which tenants can use to get into the building. This is important because you wouldn’t leave a conventional office unsecured. Virtual workspaces are no different in this regard.

Again, the high-end providers use a range of cutting edge software solutions to keep data safe, but it is always a good idea to double up. Make sure that your laptop and any mobile devices you use are secure, protected against network intrusions, and built for the safe transfer of data. Cloud storage is very valuable because it automatically updates itself.

Why Coworking Is the Hot New Trend in Singapore

It is great news for small businesses and entrepreneurs when commercial rent costs start to fall. Launching a company in a high profile region like Singapore can be very expensive. The thing to remember, however, is that traditional leases are always apt to rise again. So, virtual workspaces continue to be a much more affordable option for businesses trying to streamline their expenses during those risky first years.

 

 

 

 

 

 

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Marketing Ideas for your Bootstrap Business

These days, it is easier than ever to set up your own business. While there are a variety of ways to finance your startup, the idea of bootstrapping is often the most attractive. By setting up your business on a miniscule budget, you do not have heavy debts or financial backers to worry about, and whether it succeeds or fails, the business is all yours.

The digital world is perfectly aligned to this kind of business model. In essence, all you need is a laptop, an internet connection, a great idea and a working knowledge of WordPress, and you are good to go. But while it is easy to get started, can the bootstrap philosophy be equally applied to an effective marketing campaign to grow your business? Management consulting firm Global Resources reviews numerous small businesses, and says that the answer is a resounding “yes.” Here’s how.

Use Social Media

Did you know that one in three people on the planet use social media? Chances are, you are one of them, and if you are not, you are missing out on the best digital marketing tool around. Facebook alone has two billion users, and LinkedIn just celebrated passing the 500 million mark.

It is not just cost effective though – it is also something that your customers will expect of you. Facebook and Twitter are great ways of sharing blogs, news and video content, and LinkedIn is the perfect place to build a reputation as an expert in your field, particularly in the B2B world.

Understand your Customers

If you have limited financial resources, then bangs for bucks has to be at the top of the agenda when considering your marketing strategy. To get the best return on your investment, you need to have a clear understanding of who your customers are, and what they want from you.

There is more data like this available today than ever before. Take a look on Google Analytics and you will be presented with a raft of information about who is visiting your site, the search query that is bringing them there, how long they stay and lots more.

Digital Marketing for Less

The real beauty of digital marketing is that there is so much that can be done with a minimal spend. Focus on building the brand through social media and increasing conversions with a better understanding of customer needs, and you can achieve some great results without breaking the bank.

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Business Brainstorming: Creative Ways to Finance Your Startup

You’ve got the idea; you’ve got the drive. Now all you need is the money to get started on your new business. Unless you are one of a very small group, you are going to have to raise it somehow. You can approach the bank for a loan, or you can explore some different options.

Loan or Equity

There are two main ways to raise cash to start your business, and you need to decide which works best for you.

A loan can be straightforward. You receive a sum of money to invest in your business, and you pay it back later. You remain in control of your business, but your overheads now include the interest and your cash flow is affected by repayments.

Equity is effectively the sale of part of your business to an investor. You do not have the burden of repayments, but you will share the profits and lose some control.

Do It Yourself

You may not have cash to hand, but you probably have assets that you could use to raise a loan—your house, perhaps. You are borrowing money against your own property to invest in your business. If the business fails, you could lose your home—but the fact that you have put your money where your mouth is will encourage other investors.

Family and Friends

Many entrepreneurs start off by borrowing from close contacts, or by offering them a share in the business in return for a startup investment. If you go this way, have your agreement drawn up professionally—informal arrangements are a recipe for disaster. Remember that if things go wrong, you could lose your friends as well as your business.

Line of Credit

A flexible way to borrow money is through a line of credit, where you negotiate a maximum amount that you can borrow (rather like a credit card) and then borrow and repay in a way that is convenient to you. http://businesslineof.credit/ is a good source of information about the loans that are available.

Crowdfunding

This online way to find investors has become very popular in recent years. Using one of the many platforms, you can put out your business vision to a very large number of individuals, who can either lend money or invest in the equity of your business.

Angels

Rather than seek a large number of small investments through crowdfunding, you could try to reach a smaller number of individuals with significant funds to invest. They often operate through groups, and your local chamber of commerce may be able to put you in touch.

Small Business Administration 

The government is committed to creating a good environment for small businesses, so you may qualify for an SBA loan. These are targeted at particular areas, and it is well worth researching whether you are eligible.

Explore the Ground

There are many avenues to raise cash to get a new business off the ground. By getting to the stage of needing startup money, you have already demonstrated resolution and commitment. You need to draw on that same resolution to nail the deal that is right for you.

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South of the Border Startups: Understanding the Legalities of Starting a Business in Latin America

Many people move to Latin America after they’re retired, but those who aren’t ready to bid farewell to the workforce may consider moving down south to start a business. Though opening a successful business is difficult no matter what country you’re in, there are some unique challenges to starting your own company in this particular part of the world. Here are some basics for those who want to build their startup in paradise.

Don’t Be Afraid to Work With Agencies

In many Latin American countries, agencies facilitate many of the processes of starting a business. You’ll work with real estate agents and lawyers just to get a property, and it may be worthwhile to get involved with other local agencies that can help you make connections with your target end consumers.

Build Relationships

As with any business anywhere in the world, building relationships is one of the key components to finding success. In the United States, we’ve grown accustomed to doing a lot more networking over digital channels as opposed to taking clients out for dinner or having in-person meetings. Yes, Latin America is rapidly catching up with the US and Europe when it comes to using social media channels and beyond, but don’t underestimate the power of getting to know potential partners and consumers in person.

Understand Your Market

Avoid thinking about Latin America as one, single place, and really dive deeper into the culture of the country where you’re planning to open your business. This goes for setting prices points that are in line with what people in the area expect to spend if you’re catering to locals. Consider hiring people who understand the current business climate, as well as people who work in the country of your choice and can cater to on-site needs.

On the flip side if you’re thinking of opening a hotel or other type of business with a target audience of tourists there’s another set of rules to take into account. Entrepreneurs looking for hotels for sale in Costa Rica, for example, will need to look at the location and get a sense of the demographics of the people heading into town.

Know There’s a Difference in Legalities

In Costa Rica, for example, there are a number of laws that dictate how your company must be named. The name of your Sociedad Anόnima (or S.A. the Spanish language equivalent of a Co.) must be unique and approved by the Registro de Marcas de Comercio.

Additionally, there must be at least two owners in order to establish a company in Costa Rica, and you must account for small details like how many times you’ve been married, if you’re divorced and why you only have one last name (in Spanish-speaking cultures, most people take both parents’ last names). You’ll also need to set up an official home address, which may pose some problems if you have yet to make the move down south.

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How to Have a Successful Trade Show

Trade shows are a great way for your company to make an in-person introduction and pitch to potential clients. For many companies it is the only opportunity to meet them face-to-face, display their products and create a working relationship. Companies often spend months and tens of thousands of dollars on their display booths at these events hoping to present themselves in a good light. The stakes can be high, so it is imperative that they put their best foot forward. Here are some tips to ensure that your company has a very successful trade show.

Make Sure Your Booth is Special

There will be hundreds of booths at the trade show and at least a dozen or more from companies in your same product category all fighting for the attention of the same potential clients. To make sure attendees pay attention to your booth, you need a booth that really stands out in the crowd. This of course starts with your getting the best location for your booth which requires you booking early and maybe paying more for prime space, but it could be worth it.

Your booth needs to be high quality and convey your company’s image, values, and product or service capabilities and at the same time be attractive and compelling to attendees. Good quality booths can be used for years. So splurge on high-end materials throughout.

Consider using popular themes for your booth. Movie and television theses are a good choice. Just make sure you can fully commit to making it look great. A poorly executed popular theme could backfire.

Make abundant use of display plinths to strategically place your products and company brochures around your booth so that no matter which way someone might enter they will be front and center.

Your booth theme should also include your team and how they dress and act. Perhaps putting everyone in cool or funny shirts might work. It is also no secret that many companies hire pretty young ladies to work their booths. This strategy can be really effective as long as you make sure that attendees make the connection between them and your company.

Whatever strategy you choose, the bottom line is you want your booth and your company to get noticed.

Giveaways Really Work

A sure way to get people to notice you is by offering them something for free. It is a fantastic way to engage people and educate them on your products as well. The best giveaways are something related to your product or even the product itself. If you are a food company set up free samples of your product and have your team standing by to explain the benefits of each one being sampled. If your product is software, you can offer sample versions of it and have the sample being displayed on computer screens in your booth. This gives attendees an opportunity to see your product and then walk away with a freebie they can try later.

Even offering a cup of coffee or piece of candy is a great idea. Freebies also position your team to ask for contact information about the person. When you give something people often feel obligated to give something in return. Take advantage of this and have a quick way to take down someone’s details.

Use Social Media to Increase Activity

Social media sits at the center of many people’s lives and many of those people are your potential clients. So it can play a critical part in your having a very successful trade show. Before the trade show use social media to connect with clients and potential clients and give them a preview of what they can expect from your company. Use this as a chance to preview any products you will be showing and if new products will be unveiled, use this medium to build up the hype.

During the trade show you can use social media to keep everyone informed about what is going on at your company’s exhibition booth. Any special performances, giveaways and demonstrations can be touted on a minute to minute basis. Using social media can also give you quality feedback during the trade sow and help your team to better manage their time. You can also use it to give directions to anyone who is having trouble locating your booth.

For those who could not come to the trade show social media gives them an opportunity to experience what your company did at the trade show. They will also see how active you are about your company and products and this will garner additional excitement about being in business with you.

Use these tips to improve your performance at your next trade show. They can make a huge difference in returns on your investment.

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Mastering management skills to help your business succeed

There’s no getting around it: one of the key contributors to failure in small and medium-sized businesses (and sometimes even big ones) is poor management. Altogether too many people think that because they can build a business they can run one, and try to learn on the job. Others get out of their depth at a departmental level, inadvertently undermining the rest of the enterprise. However, it doesn’t need to be like this. What makes the difference is recognizing that a manager isn’t just there to tell people what to do – good management requires specific skills. If you want to make a success of it, these are some of the things you have to learn.

Strategic thinking

The first thing you need to understand is that management isn’t just internal – it’s about understanding the position of each department within the company as a whole, understanding how that company fits into its sector, and understanding how that sector fits into the wider economy. This makes it possible to make effective decisions about actions that are needed and how finances should be managed. A manager has to be able to see the big picture, and should aim to plan about three years ahead while remaining flexible enough to account for changing circumstances.

Networking

Part of a manager’s job is to network, both within the company and outside it. Good networking brings in opportunities for improving the mechanics of the supply chain. It provides the chance to keep on learning new techniques for internal use, and it helps you to keep your finger on the pulse as far as developments within your sector are concerned. Networking doesn’t just take place at formal events, so you should be ready to get out and about and build up useful social connections.

Time management

In order for a business to run smoothly, everybody needs to be coordinated. This means that sticking to deadlines is really important. Managers not only need to get their own work done on time but also need to make sure that everybody in their teams do. This isn’t just about pushing people. You’ll also need to be aware of their individual capacities and make sure that work is portioned out in a manner that is practical, even if that doesn’t always seem fair.

Setting objectives

In order to facilitate work getting done on time and employees being able to engage with it enthusiastically, managers need to be able to set clear objectives and persuade their teams of their importance. At the most basic level, employees know that their livelihood depends on the company’s success, but they need to understand why particular actions are important to that success, and they need to have a clear picture of what’s required of them. As a rule, they will be more efficient when they can see how what they have been asked to do will contribute to the whole.

Communication

Communicating successfully with employees, board members, and others requires real flexibility on a manager’s part. This is one of the most important aspects of the job, and the reason why, for instance, Washington State’s online MBA program offers specialist courses in communications. First and foremost, it’s important to recognize that individuals vary and that information can’t always be delivered in a one-size-fits-all way. To be successful, you will need to be able to identify and adapt to the needs of your team. You’ll also need to be strong on formal communication techniques, especially for external use.

Investing in people

Ultimately, a manager can achieve nothing without a good team, but it’s the manager’s job to refine and develop that team. This means that you’ll need to be able to identify talents that should be brought to the fore, deal with clashes between team members, and identify weaknesses that suggest the need for additional training. All this will be more successful if your team members feel valued as individuals and are able to develop real trust in you, so you will need to work hard to be seen as supportive, attentive, and fair.

Good management enables a business to optimize its assets – including human ones – and punch above its weight in the marketplace. Management skills can be learned, but this is only possible when managers accept that they don’t know everything already and are willing to see themselves not only as bosses but also as functional parts of a larger business organism. If you’re ready for this, sharpening up your skills could enable you to take your business to the next level.

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Keeping Your Eye on the Ball: How to Stay on Top of Your Business Overheads and Taxes

Being self-employed is challenging enough for most people, but trying to keep up with business records while focusing on keeping everything running can be downright difficult. Yet keeping accurate business records is a legal requirement.

Besides, if you can manage to keep track of your bookkeeping, you might also save money. Organized business records make it easier and faster to prepare your end-of-year accounts, so you save money on accounting costs.

Related: Last minute tax tips

When your book-keeping is accurately documented, you also have the advantage of being able to monitor your business’s cash flow at a glance.

Related:

The problem many self-employed people face is knowing exactly what to record. Here are some tips for staying on top of your business records.

  • Invoices: All the invoices you receive need to be tracked accurately. Include information about the amount, the date the amount was paid, the name of the company or customer and what the invoice was for.
  • Receipts: Staying on top of your expenses is the easiest way for your business to remain tax-efficient. Keep track of any receipts that relate to your work in any way.  Your accountant can offer some advice about which expenses you can claim as a self-employed person.
  • Business Expenses: There are some business expenses that may not receive receipts. For example, if you have a credit card for your business, you might use your bank statements to keep track of some expenses instead of recording receipts.
  • Keep Personal Finances Separate: Many self-employed people combine their business and personal finances in the same accounts. However, no matter what size your business might be, it’s important to keep business and personal finances separated. Open a separate bank account to for your business funds and use this account to cover your expenses. You’ll find it much easier to keep track of what’s been spent on business. You also won’t be wasting time trying to break down which expenses related to what entity at tax reporting time. There are plenty of tools to help you with your taxes if you need them, and a lot of them are free too!
  • Use the Right Apps: Self-employed people can make their lives much easier by using the right apps to record and track their accounts on the go. If you enter in one or two items every couple of days, you’re staying on top of your records as you go. You’re also saving plenty of time, as you won’t need to spend long hours at the end of the reporting period trying to catch up with all those entries.
  • Back-up Regularly: No matter how busy you are, make the time to back up your records on a regular basis. There’s nothing worse than suffering a hard-drive failure or technical disaster and losing your business records in the process.

Staying on top of your business records doesn’t have to be a time-consuming chore. The key is to take financial control and be sure your records are up to date on a regular basis. You’ll end up saving a lot of time and hassle in the long run.

Related: How to be a great landlord

 

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