You’ve Got The Degree, Now Get The Business

February 14, 2020 Leave a Comment

If you’ve worked hard enough to be able to get a degree, then we take our hats off to you. Getting a degree is one of the hardest things that people can do. We’re usually so young, and all we want to do is party and have fun. At that age, it’s pretty much impossible to study, work, and live a good lifestyle as well. But somehow, such a large percentage of people actually manage to do it. Which then leaves you with this degree and the potential to earn big from it. We hope that you went for a degree that you’re actually passionate about. Because we know that so many people go and get their degree and then end up in a job that’s completely different from it because they don’t see a way of getting a job in that niche. To us, that sounds crazy. We as humans can do pretty much anything that we put our minds to. So, we’re going to show you how you can turn your degree into a business by picking out some of the most popular degrees that people get! Keep on reading to find out more.

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Marketing & Media

 

Marketing and media are one of the best businesses that you could go into because there are so many businesses out there who need both marketing and media. Marketing is one of the best businesses you can set up if you can figure out how to get the attention. Because small businesses, in particular, are going to need all of the help they can get, especially with social media marketing, which is usually how many of them start marketing their business. You can start this business with the smallest investment as well. All you need to do is have the money to pay someone to design you a website and try and reach out to small businesses that you know have just been established. They’re the easiest to get custom from!

 

A Successful Lawyer

 

A successful lawyer is always going to go far. All you have to do is get your law degree and you have a way of getting into a law firm that you will make money from. But the stress and hassle of being a lawyer and working for someone else is something too hard to cope with. So, why not set up your own law firm and work your way up. To do so you’re going to have to publicize yourself, and you can do so using Elite Lawyer Management. You need to build that reputation and show your country that you’re worth representing them. You really do need the be the face of the public to be a successful lawyer, and that’s only going to happen with good promotion.

 

Business & Management 

 

Business and management is probably the most common degree that people chose to take, yet people don’t tend to try and set up their own business in it. It might be a niche, but you can have a lot of success from starting a business that helps with growing other businesses. Using your knowledge to find faults in other businesses and work out a business plan for them can bring you a lot of money.

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4 Important Lessons To Learn In Freelancing

January 15, 2020 Leave a Comment

When people think about the future of the business world, they often look to concepts like automation or potentially even machine learning. It’s true these are going to have a part of play in the business world of tomorrow. However, there’s another concept that is rapidly becoming key and that is the gig economy. If you don’t know what this is the gig economy is basically the collective term for freelancing. Rather than working on a permanent or long term contract for a business, you will instead work on your own terms. 

 

This does provide a lot of benefits. For instance, it’s a more flexible situation and it theoretically means that you can switch jobs whenever you want. You could also take on multiple positions as a way to boost your income. Some people will be able to work from home as freelancers while others will find it more beneficial to work in an environment like a hot desk. It largely depends on whether you can remain productive in a completely private environment. 

 

There are benefits for the employer too. They will be able to ensure that you are able to keep costs low and we’re going to explore why this is. Some reports suggest that the gig economy could cover 50% of the total workforce by 2025 in America. To be prepared for this change and the role that you might have, there are some lessons to learn here. So, let’s explore a few key considerations. 

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Employer Responsibility 

 

This isn’t quite the same as when you are working on a full-term contract. For instance, one of the key changes to keep in mind is based on your physical or emotional well being. Let’s say that you are working for a business on a contract and you develop RSI. RSI is probably one of the most common injuries experienced by office workers today. It comes from working long hours without breaks, often in the wrong environment. 

 

You might be wondering whether you could take action against the business that hired you and the answer is it depends. If you are operating from home then you won’t have a leg to stand on here. They won’t have any real responsibility for your physical well being because you will have chosen your own environment. You can say that the contract required long hours without breaks. However, as a freelancer, you choose the contracts that you take on so this doesn’t really hold water. 

 

On the other hand, you might be working from their office. If that’s the case, then you might have a stronger case. A law firm like Alvine Weidenaar, LLP that specializes in personal injuries could be in the right position to help you out here. 

So basically, it depends on your unique set up how much responsibility your employer is going to hold. Usually, though one of the benefits of hiring freelancers is that business owners can avoid this particular headache for better or worse. 

 

Networking 

 

To succeed as a freelancer you need to know how to network effectively. Essentially, you will be your own personal agent operating for yourself to ensure that you are going to have the right strategy in place.

 

LinkedIn can be a great place to start here. While you won’t need all the social networks when networking, LinkedIn provides the clearest avenue to connect with individuals in the business world. It also ensures that you can rub shoulders with the right people. Be aware that there are also platforms specifically for freelancers to use. 

 

One of the issues to consider here is that they are highly competitive. You will often need to fight to rise above those who are seeking out the same clients and projects as you. You can also get into price wars where you will be up against those willing to work for a lot less than you can perhaps afford. This is certainly one of the rougher elements of freelancing that you will be forced to face. 

 

Slow Down 

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You might think that being a freelancer isn’t going to provide you with that much stability. In a way, this isn’t the case. You may actually find you have more stability if you know how to approach this model the right way. However, there are certainly going to be challenges that you will face. 

 

For instance, you do need to consider the issue for the slow down. Just like with any business there are periods throughout the year where the demand for particular freelancers will rise and fall. For instance, writers are more in demand through the festive season when there are more marketing opportunities. Through January to March, the businesses tend to hold off spending as much money in this area. You need to be prepared for this and the budget to compensate for the change. 

 

In other words, you can’t afford to leave yourself in a position where you are struggling because you weren’t prepared for a downturn. 

 

Tax 

While employers are able to shift responsibilities as a freelancer you will have more to take on. One of the biggest responsibilities you will have is always going to be handling your own tax. Tax is something that stumps a lot of people and with freelancers, it’s a little more complicated. You’ll basically be operating as a little business. You will need to make sure that you are paying for your tax the right way. 

 

It’s important that you don’t make any mistakes here. Otherwise, you will be penalized and you’ll be forced to pay up. Complete your calculations carefully and consider using an accounting solution. You probably don’t want to shell out for a professional accountant and you don’t really need to. Instead, you will be able to make sure that you simply use a cloud service to keep track of your earnings in real-time. 

 

We hope this helps you navigate some of the challenges of being a freelancer that you may encounter when you are operating in this business model. It’s best to be prepared for the biggest changes here. 

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The Importance Of Employee Productivity

November 25, 2019 Leave a Comment

The biggest asset that a business can have is its employees. They are the most important piece of the business puzzle alongside the product or services that the business can offer. It’s vital for a company to invest a significant amount of money in a business, then, if they want to get a return on their investment. 

 

The best way to ensure that you get the best from your staff is to fuel their productivity. The harder your staff work, the better the result. However, it’s vital that you are incensing your staff to keep them boosted. Workplace productivity is the assessment of the efficiency of your staff, and if you’re not giving them enough reason to keep their motivation up, you’ll find a decrease in the efficiency to which you are used to. It’s easy to confuse productivity with effectiveness, but let’s define those to make life easy:

  • Effectiveness is how much effort your staff are putting into the job
  • Productivity is the work completed 

 

It’s common for employees to be productive but not particularly effective in their efforts. The reverse is also true. However, if you aren’t streamlining your processes, you’re going to find that a lot of your staff are delivering completed work that isn’t the best quality. There are plenty of ways to streamline your processes as a business, from using programs like https://www.templafy.com/ to set up your document management, or even just introducing automation to your business. You have to be an effective employer before you can expect productivity from your staff. You should be striving to maximize productivity and effectiveness, as this will give you the best possible return on your investment in your staff.

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It should make better financial sense for your business to hire employees, and your employees have to be valuable to you to be worth the package you’ve hired them onto. You work together – you give, they provide, and if they go above and beyond, you provide more. It’s how business works. There are so many benefits to having productive employees in your business, and these include:

 

  • Productive employees that are recognized by you can motivate others in the team. It helps to boost morale when they know that there are exciting rewards to their work ethic.
  • Company revenue increases when employees are productive. 
  • The more productive the staff, the more incentives and bonuses they can receive as a result of the increase in revenue.
  • Companies can enjoy continued growth when staff are making more of an effort.
  • Customers benefit, too, as they can gain a better quality service compared to those who are not so productive in their jobs. 
  • Rewarding employees makes them highly productive, with better customer interactions and service.
  • All of this less to greater customer loyalty and continued business growth.

 

The moral of the story? Do what you can to provide the right tools and working environment for your staff to give back as much as you give them! Productivity is a winner if you know how to foster it!

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