Are Your Products Flowing Smoothly? : Supply Chain Management is Important to Your Business

Most people in business recognize that supply chain management is crucial to their success, profitability and customer satisfaction. There are numerous benefits to ensuring your supply chain is properly managed and serves to provide a structure to your business that is efficient, productive and progressive. There is also the fact that as business has become more competitive in recent years; it’s now harder than ever to stand out from the crowd. Supply chain management is integral to achieving this as it provides a solid structure from which to offer a high-quality service to your buyers.

Here we take a closer look at the distinct advantages of good supply chain management:

Improves Customer Service

Everyone knows that the customer is king when it comes to business and delivering good quality products, goods or services in an efficient and cost-effective way, ensures repeat business going forward. Customers want to know their orders will be delivered to the right location at a time that is convenient to them and without having to wait too long. Ensuring your operation is streamlined to deal effectively with individual orders will keep your customers happy and more importantly, make them come back for more.

Reduces Operating Costs

Your supply chain is as important to your retailers and suppliers as it is to your business. Keeping a close eye on product inventory in terms of stock and distribution should be well managed as part of your supply chain strategy to ensure consistent and smooth flowing fulfillment of orders. If you have a product that is particularly popular at any given time, your supply chain should be set up to make sure there’s enough stock at outlets to meet demand. If your supply chain is efficiently managed, you can significantly reduce your operating costs.

Improves your Financial Position

An efficient supply chain is often a good way to streamline costs and boost cost-effectiveness of your operation. Naturally, it goes without saying that if you are making savings in one area of your business, you’ll notice a corresponding increase in revenue. Good supply chain management protects your business from overstocking and wastage and consequently boosts your bottom line.

Increases your Cash Flow

A good supply chain is responsive to orders as they arrive, so that they are fulfilled within the quickest time. Obviously, if you can get your goods to your customers in ten days rather than twenty-eight days, you can invoice them sooner and benefit your cash flow.

How to Achieve Good Supply Chain Management?

You understand how your business works better than anyone and also the buying behavior of your customers too. In order to understand how to best organize your supply chain, you need to undertake some supply chain analytics, to help you create a clearer picture of how you can best serve your customers by improving your supply chain. The difference between good and bad supply chain management can mean the success or failure of a business and so this is an aspect that requires closer attention.

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Finding Stocks To Trade

When you start out day trading, one of the first things that you need to learn is about finding stocks to trade. That is the first step to becoming a day trader that makes money and not one of the masses that lose money. More than 90% of day traders lose money. That is a fact.

But you don’t have to be one of them. The 10% of day traders that do turn a profit do it with smarts, technique and strategies taught to them by experts. And it all starts with finding penny stocks to trade and capitalizing on those hot stocks.

What is going to be key is a daily watch list. When you get involved with a day trading education site, you can get the benefits of a bevy of instructors that can teach you about momentum day trading strategies, how to spot gappers and more. But one of the most valuable aspects is being in a day trading chat room that offers a daily watch list.

Because following a daily watch list and interacting with veteran traders, in a chat room, is, especially for aspiring traders, a great way to get experience. You can see the stocks that are featured in the daily watch list, see the veterans take positions in the stocks and explain their positions and learn why and how those stocks make the daily watch list.

What you want to look for in a daily watch list is ideas beyond the typical penny stock lists of many other sites out there. You need to be looking at the market each day for opportunities to make 5-10% in profits and rack up more and more of those each day. That is how you end up with real profits at the end of the week. Building up small wins gradually, rather than taking long positions and hoping they pay off big.

And when you get very good at that, you can start looking at a gap & go strategy. That is where you see stocks that are trending up in the early morning before the opening bell, with prices above what they closed at yesterday.

You search for a catalyst in the news, like an earnings report, make sure the number of shares out on the market are low enough that they might all be traded that day and you take your position. That is a slightly higher level of strategy and one that you would wise to learn thoroughly before you begin to implement it.

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Tech Success: Top Apps for Managing Your Workers, No Matter Where They Are

tech-success

Not long ago, businesses only needed remote employee management plans when they employed traveling sales reps, site-repair crews, delivery drivers and other road warriors. Today, with the Internet enabling desk workers to work out of home just as effectively as they might out of the office, telecommuting is common. Remote work has grown 80% over the past decade.

Every business that allows such flexibility needs a plan; telecommuting employees still need to be managed, and they still need to collaborate. If you’re beginning to set up a telecommuting program at your business, it could be a challenge in the beginning to find the right tools. There are apps that every business with remote employee management needs should explore.

Remote desktop software

When members of a team are spread out as they work on a project, nothing can bring them together as effectively as a shared screen. Many businesses make do, rigging up videoconferencing apps for the purpose. While these allow passive screen-sharing, however, participants on call are unable to make changes on shared computer screens. This is where apps such as TeamViewer come in.

TeamViewer works on every major mobile and desktop platform, and allows participants to actually use a shared computer as if it were their own. Not only does TeamViewer help make teamwork efficient, it helps with troubleshooting needs, as well. An employee with a computer issue can always call on support from colleagues headquarters. A tech who is able to look at and operate a device remotely is able to offer effective help.

Meeting software

Skype for Business is often improvised for online business meetings. Businesses employing these non-specialized software applications, however, miss out on a great deal. There are better ways to go about meetings, when one has access to custom-built applications. Specialized meeting apps such as Click Meeting offer features that businesses need — offline messaging, reliable connections, and webinar ability, among others. Multilevel meeting features are an important plus — they allow higher management in the middle of large, mixed meetings, to retreat for discussions.

Cloud storage

Just as remote desktop software helps employees who are geographically spread out, to get together and share their work in virtual conferences, cloud storage allows them to bring their resources together. When employees routinely save everything that they do to the cloud instead of a local drive, every piece of work that employees may create, or every file or resource that they may need, is always within reach. From Amazon Cloud to Dropbox, several cost-effective alternatives available.

Apps that help with logistics

When telecommuting workers need to actually travel to the office, a number of mobile apps help smooth the process. Weather Live Free, the weather app by Apalon Apps, helps foresee weather problems, Parking Panda helps find and reserve parking spots, Gas Buddy helps locate cheap gas, Card Munch organizes business cards, and Sign Easy helps with document signing needs.

Innovative technological solutions such as these help businesses realize the productivity efficiencies promised for telecommuting.

Jordan Greenwood runs a tech company and has remote workers dotted all over the globe. He writes about how technology has changed the world, running a business with it and much more besides.

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How to Succeed as a Business Entrepreneur – 6 Top Ways

Having taken the primary and most important step, which was to set the wheels of your business project into motion, the next step would be to discover new ways to make it grow and prosper successfully. 

It is important to realize that you need to dedicate your heart and soul to the initiative for it to receive a great number of responses.

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The most important thought you would need to inculcate is that this would be a result of all the hard work, the creativity and the love that you put in to bring the project to life. So be ready to breathe it, eat it, dream it and live it!

Make it a point to read some quotes every day. Motivational quotes have the power to influence your mindset and allow you to function effectively!

Here are six important pointers to help you become a successful business entrepreneur!

  • Become more vocal

It is imperative that you break out from that shell of yours and become more social. No better time than now to begin engaging with others who are in the same place as you. The best form of help is self-help.

So let’s start there. Make it a point to get to know different people, and tell them about your new project. Speak freely and with confidence. Make it an engaging conversation. Allow them to pass criticism and pick it up from there. When they see the fire and passion in your voice, they will begin to take you more seriously

  • Marketing Online

Another way to spread the word effectively is talk about on the internet. Create a website that elaborately depicts your project in an intricate, catchy yet professional way. Outline your project details effectively and highlight the essentials. Spread the word by sharing the website page on your social media accounts.

You could use your friends’ and family’s help by asking them to do the same as well. Build a strong front by exploring various such upcoming start-ups and mutually help each other to grow together.

  • Lend a Helping Hand

Remember that there are probably many out there like you trying to come up with their own business ideas, and so it’s much easier when you engage with such people. Don’t hesitate to offer them help and let them know when you come across new, innovative ways to sell your project. This will always come in handy because this way you get to learn so much and have a diverse exposure to all kinds of people and projects.

Also, when you lead a helping hand, you can be sure to receive the same when you need it!

  • Good Strategy and Testing

Come up with a good enough strategy to outline your project, beginning from the initial to final steps of development of the project, making sure you’ve kept in mind all the little details. It must be a fool-proof strategy, and you must be able to work out any shortcomings.
The final step before delivering the product to the public would be to test it amongst close friends who would appreciate and criticize you at the same time. Absorb the good and work on the negatives.

  • Come Up With Good Customer Service

This is the next big thing which would help your business grow! Put in place a team which dedicates itself to satisfy the needs of your customers. This is highly necessary if you want good reviews and expansion of your business. This will go a long way to getting contacts as well.

  • Believe In Yourself

This is the first and last thing on your mind when you work on your project every day. Trust yourself to make right choices and stand by it. It all works out for the best when you believe in yourself and in your dreams.

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Making The Right Choices When You’re Trading

Making The Right Choices When You're Trading can make the difference between winning and losing

Photo by CC user Kbrose on Wikimedia Commons

You must be sure that you are right in the midst of decision making process. You must decide when, what and how to trade. You also must go through the right learning and unlearning process. While many of us might be talking about how and when and what to trade, we should also know when not to trade and when to get out of the market.

Over the next few lines we will try and have a look at some time tested and proven theorems which could help you in making the right choices when you’re trading. This will help you to move away from a state of mind which often is referred to as “analysis paralysis”.

It Is All About Experience

If you believe that you can become an expert in trading overnight then you are in for some rude shocks. Trading in commodities, indices, and currencies is a learning process and therefore experience is the biggest teacher. Therefore you must believe in learning the tricks of the trade step by step and gather as much experience as you possibly can before heading over to CMC Markets. It would not be a bad idea to keep a trading journal where you should note down each and every significant event as it happens daily. This certainly will help you to identify the areas where you are making mistakes. You will make mistakes for sure but experience is all about learning from the mistakes and not repeating it again.

Do Not Bite More Than You Can Chew

When you are in trading you certainly make use of various types of indicators. It is quite obvious that you could be cluttered with information and each one might interpret these indicators in their own way. You should find out ways and means by which you keep the number of indicators as low as possible. This is important because the more you clutter your decision making process, the more you are likely to make mistakes. Hence you must believe in keeping it simple and straight. This again will happen only with experience and therefore this point and the previous one are closely interlinked.

You Should How To Recover From Mistakes

There are hardly any traders who have not incurred losses and their success story is not all smooth sailing. You must therefore find out ways and means by which you can convert mistakes into learning grounds and learn to profit from it over a period of time. Many people often become paralyzed when they make losses and you should not be one of them if you wish to make it big. You must sit down and analyze the reasons for failure and take lessons from it rather than being stunned into inaction.

Intuition Has A Role To Play

Though many theoretical experts may have a different take on this, it has been proven time and again that your intuition can help you a lot in making the correct trading decision. If you make wrong use of it you could end up in a state of failure. Intuition is something that comes with experience. This is often referred to as expert intuition. You must also try and develop long term intuition. This is about intuition being driven by the brain which works in the background. This could be of strategic importance at times.

At times you might be at a loss to understand as to how your intuition made you take the decision. However, having said this it is important to understand that intuition does not work in thin air. It has to be backed by logic and figures and there should be some basis for it. There have been instances where intuition has enabled traders to take smart and fast decisions.

Importance Of Playing Learning Games

It is important to train the brain so that it is able to think correctly and think fast. You must therefore understand the importance of playing learning games. You will be playing in a demo environment and hence the risk of losing money can be ruled out. You could try and look for games which could help in speeding up the brain and its thinking capacity.

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Most Successful Entrepreneurs Under 30

Most Successful Entrepreneurs Under 30

Just because you are young doesn’t mean you can’t be successful. Don’t let your youth hold you back rather embrace it and make it an advantage. Here are some of the most successful entrepreneurs under 30 who have changed the rules and already left their mark.

Tyler Haney
At just 27 seven years old Tyler Haney is the founder of Outdoor Voices an active apparel company that has over 8 million dollars in venture capitol. Talk about a big amount of cash for a young person. Tyler is handling is the responsibility and her education in sports and fashion are proving crucial in her new role, running a company.

Shawn Mendes
Shawn is only 17 years old but he already has a envious amount of success. Shawn is a singer and through self promoting videos on Vine he was able to obtain a manager, a contract, and now even a number one single. It just shows you what a lot of talent combined with a self starter attitude can get you.

Jordan Maron
The 23 year old Jordan Maron has made countless YouTube videos reviewing video games. Skeptics would not see this as a career but they were wrong. Jordan has over 8 million YouTube followers and with that many followers you have advertisers eating out of the palm of your hand. His giant online following will ensure his influence and success for years to come, of which he has many!

John Boyega
 Most Successful Entrepreneurs Under 30
This young actor recently starred in Star Wars the Force Awakens, a record breaking film by all measurements. John Boyega is only 23 years old and is likely on track to be one of the worlds most recognizable faces given the insane amount of marketing and promotional products tied to the new star wars movie. This young actor sure knows how to pick his roles and given the success of this film, he will likely have first dibs on acting roles for the remainder of his career.

Matthew Ramirez
A 26 year old Berkeley English Major, Matthew Ramirez has combined the high-tech with the old-school. He has created an algorithm that analyzes writing and automatically provides feedback and suggestions. His software has already been purchased by dozens of schools and looks like it is gaining some serious traction.
These successful entrepreneurs under thirty all have one thing in common, they shot for the moon. Regardless and because of their age they were able to use modern tools to showcase their talents. What to be like them, well first you need to decide what your talents and skills are. The second step is to market yourself or your company using modern social media platforms. Whether you are thirteen or seventy-three it just goes to show you that anything is possible.

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Millenials: From 30 Year Careers to Freelance

careers to freelance

In previous generations you picked a trade after college or high school and chances are you stuck with it but for many this is changing. Today’s millennials are opting out of this process due to personal preference or the labor market. They are working as freelancers instead of choosing 30 year careers. Like many things, the transition from careers to freelance has it’s pros and cons, lets explore some of them.
careers to freelance

Benefits
Traditional healthcare, dentistry, 401k, and many other benefits have been provided by your employer but this is not the cause in many modern freelance positions. Working as a freelancer you may likely be required to take care of these things yourselves. This is an important thing to keep in mind while you looking at salary in a freelance role. Remember these things are often very expensive but freelance hourly pay is often higher than a salary role.

Job Security
The traditional 30 year career promised job security, though we have found this is not always the case. While it was definitely harder to get fired from a job where you have seniority, it is also harder to find a new if you are. A freelancer is by definition flexible, if you are expecting your job to end shortly, chances are you are ready for the next one. The key to thriving as a freelancer is keeping your skills marketable and current.

Hours
The forty hour work weeks of previous generations, complete with overtime pay are becoming harder to find. Today’s millennials are more likely to have a feast or famine work schedule. It is becoming increasingly common to work multiple jobs at once, logging well over 60 hours for months on end only to be followed by periods of little to no work. For the millennial freelancer it is crucial to be aware of this and like a squirrel, stash away your earnings during the busy periods so you will be okay during the inevitable slow times. The savvy millennial freelancer can also use this to their advantage and plan vacations around these downtime or even take it a step further and spend your life on vacation as a digital nomad.

So the debate rages on whether this transition in work style is for the greater good or not, there is not denying the impact it is having on the millennial generation. Those young workers who are most successful are flexible and constantly adapting to the changing demands of the workforce. They also need to be self reliant regarding savings and benefits. You can no longer count on a salary and career for your life from a single company. The workforce of today and tomorrow will be shaped by freelancing millennials moving from careers to freelance.

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What Can Virtual Assistants Do For You?

Virtual Assistant

No, a virtual assistant is not something out of a science fiction movie. A virtual assistant is often a freelancer working from home (virtually) who can help you with your business. So what can virtual assistants do for you? Well, they can do just about anything a physical assistant could; often at a fraction of the cost. Here are some ideas:
Virtual Assistant
Presentations
Last minute meeting and you don’t have your presentation ready? Your virtual assistant can help you with this. Maybe you have all the content ready to go but you don’t have the time or expertise to put into a shareable format. This is a great task to assign to your virtual assistant, simply provide some instructions and wait for the results.

Research
Is your business set to expand into a new arena? Do you need to do some research on potential clients or competition? Give this job to your virtual assistants and let them loose. They will scour the world wide web and bring back a well written data driven document on the topic of your choice. This is not only time saving but can be crucial in making your next big move.

Emails
Out of control inboxes are far to common these days. This is something your virtual assistant could help with. Imagine waking up Monday morning to a single email from your assistant telling you the highlights and must does from the weekends messages. I couldn’t think of a better way to start your week.

Chasing Clients
Maybe you know there is business out there but you don’t have the time to chase up all those leads in your Rolodex (or digital equivalent.) Share these ideas with your digital assistant and have them send personalized email or physical mailers. Instead of using a mass email service you could be having your assistant write customized personal messages geared at each client. These emails could pay off big time and you will be thanking your virtual assistant.

Vacation Planning
Its not only business, you could also have your virtual assistant help with something more fun. A digital assistant is the perfect tool for planning your and your families next getaway. Your virtual assistant can look up the perfect hotels, restaurants and flights. They can also find unique things for you to do while on vacation. Imagine having your next trip all sorted out before you even leave home, so all you had to think about are the waves rolling up on the beach.

These are only a few of the possible things your virtual assistants can do for you. The sky is the limit on what tasks you can assign your virtual assistant. Once you get used to your virtual assistant you will be wondering how you ever lived without one.

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