Author: comparebankdeals

The receptionist is without doubt one the most important positions for every business, as this is very much the front line for all business enquiries. Improper call handling can have serious consequences for any business – a potential client could be lost through an impolite telephone response – and the worst thing about this is you would never really know the extent of the losses. Let’s take a closer look at the role of a front desk receptionist. Answering Incoming Calls This is by far the most important of all reception tasks and without professional call handling, you run the…

Any business should have one metric to consider as the most critical measure. In the sales industry, if you want to put more effort into reaching more customers, understanding their needs, and find the right solution, you turn to your data to find the needed information. That’s why a metric is essential. Sales metrics are considered as a method to gather insights from sales data, trends, and metrics to set goals and predict future sales performance. It is an excellent tool for management as through metrics; you can increase performance, optimize sales activities, and improve accountability. Metrics outline the goals…

There is a rich legacy of immigrant achievement in business, from the second-generation Irish immigrant Henry Ford who built one of the most successful car manufacturers in history right through to today with Elon Musk who moved from South Africa to America to disrupt the motor industry with his revolutionary Tesla cars. Study after study has highlighted the strong entrepreneurial streak within immigrant communities. For example, 18 percent of America’s most successful companies boast immigrant roots – an astonishing figure when you consider that immigrants make up just 13 percent of the total population. This pattern doesn’t just stretch beyond…

Arranging funds for your first home is always a challenging task. Thanks to the rise of the home finance industry, it has got a lot easier to manage funds for buying home. However, despite the home loan available at your disposal, you still have to source the down payment that is at least 15-20% of the total value of the property as banks only allow for a loan that builds up to about 60-85% of the property value. Let us take the example of a home which costs Rs 50 Lacs. In such a scenario the home buyer would have…

Being business forward and more efficient by using predictive analytics is building up new concepts with the ability to predict target customers for their need or buy in the future market. These targeted predictions have its own phases that give users a versatile frame to be competitive in their business. These phases include four phases namely, collection, reporting, analysis, and deployment. Collection of data to your predictive analytics is considered a technique wherein multiple sources is needed. For the phase of reporting, this is where the gathered data is presented accordingly to what format and extent your analysis is. The analysis…

In today’s digital age, businesses who do not establish their online presence are letting go of a big opportunity to tap further and wider into their target market. The traditional trimedia have been overtaken by the Internet and digital platforms, and smart business owners know this. Social media has primed itself with various tools to help businesses reach their market, and this has been capitalized on by so many brands. However, what some business owners do not realize is that it isn’t enough to have an established presence on the Internet. You can have a website or social media easily,…

Businesses must perform a wide range of maintenance tasks in addition to making purchases and transactions. With these expenses in mind, it is a smart idea for employers to issue corporate credit cards to their key employees. Issuing employee corporate credit cards will mean that your employees can initiate and complete certain transactions on behalf of the business. At the end of each month, they will file all the receipts with the chief financial manager. Instead of giving out cash advances to the relevant employee, the corporate credit cards can be used. The hassles related to giving out petty cash…

Artificial intelligence and chatbots are gaining traction in many industries for the augmentation that it can bring to many of their processes, including customer service. These technological advancements promise to deliver faster customer service through a fully-automated process, which can yield higher profits for the business and are replacing call centers. The reason that AI is gaining this much support in the customer service landscape now is the many perceived advantages it has over human handling. To successfully create a customer service department that can address the concerns of the customers effectively, a team needs to be trained especially for…

It takes many years for firms to get recognized for a high level of performance. But, sustaining the performance can pose to be a major challenge. So, as a business leader, you should follow some must-know tips. These would actually help you support the entire organization even if everyone’s responsibility to beat the competition and helps to sustain your business in a competitive market. 1. Be aware of your competitors Always be sure about competitors. Check out their offerings and the USP. If you own a manufacturing company, then you can always skim through similar products featured online. In the…

Do you want to become rich? Then do what rich people do. These 9 habits of millionaires/billionaires like Richard Branson and Tim Cook will open up your world to the wealth and riches that you deserve. The steps are easy to follow and practical so you can quickly apply them to your own lifestyle. Originally posted here.

Creating a product is the first half of a marathon. The next half is about reaching the customers and penetrating the market. You have a practical and novel idea for a product that has a promising future. You set great plans for it and meticulously develop it into a product that fits the market well. Then the next step is reaching to the customers showing them that you exist and creating a market for yourself. Here’s how you can grab your share of the market 1. Educating the population Products are meant to solve problems or enhance our lives. New…

Are you a Nepali entrepreneur planning to start a new business in Nepal? Do you want to know the Company Registration Process in Nepal? The legal process, process involving registration and post-registration procedures might be confusing for new entrepreneurs. This article provides comprehensive information on company registration in Nepal. The process is overseen by the Office of the Company Registrar (OCR) in accordance with the Companies Act of 2063 BS (2006 AD). Steps to follow for company registration in Nepal: Before submitting an application, it is important to ensure that the proposed name of the company has been reserved with…

When it comes to low budget marketing, small businesses suffer a lot because of two reasons. One is that they have a large competitors pool and another is they have too little budget to invest. It’s very hard to cost-effective marketing strategies while keeping up with the expenses and competitors. Here, we’ll discuss a few ideas for cost-effective (low budget) marketing strategies useful primarily for small businesses. 1. Create a story of your business When you enter the market, people do not even make an effort to know you and remember your name as there are already many businesses around them.…

Most of the business ventures we see now have their own website and social media profiles. The turmoil that the internet has created in the field of communication made it somehow compulsory for business holders to make their online profile for better exposure. What does Online Reputation mean? Online Reputation is the reputation of a person, company, product or service in the digital platforms. The status of online reputation is obtained by ratings, reviews, articles, social media posts and forum discussions across these digital platforms. Making an online profile of businesses helps them connect easily with their customers at the…

Chance, the rapper from Chicago won 3 awards at the 59th Grammy awards, Music’s most coveted recognition, as an independent artist with his album streaming only in Apple Music. The music industry once dominated by cassettes, CDs, Vinyls now share a huge proportion of it with the internet and its services. With music, formats in which they are now distributed and listened have also gone drastic change. Online radios, music streaming services, YouTube have changed the landscape of music industry. In addition to that, when you are starting out dealing with record companies can be difficult to negotiate with. The risk…