Categories
Work Life

The Future of Hybrid Working 

Work as we know it has undeniably changed and most businesses have had to adapt to working remotely. However, with the future still unclear, it’s important to adjust your business to fit working remotely indefinitely, returning to work, or a mix of both. And while this means new challenges such as a lack of visibility on employees, possible productivity issues, and even risks to security and safety, businesses must focus on their core principles, seek out unified technology solutions, and adapt to rapidly changing work environments of the future.

For businesses that cannot survive remotely, safety and security measures must be in place before allowing employees to return to work. Along with remote work challenges, many businesses have obviously experienced financial downturn. Based on an SMB Group study, “53% of SMBs’ revenue has decreased since March when the COVID-19 pandemic began.” This means organizations need to re-think traditional models and cut ineffective processes to survive. Understanding that no one knows what’s to come, it’s critical that businesses use this time to develop updated strategies and implement new technology, learning from businesses who are thriving during this difficult time.

Avi Levinson, director of property management at Royal York, has found new ways to thrive including embracing remote work with no plans to return to the office. Royal York specifically handles property management for single-family homes, meaning they work with a large amount of homeowners and tenants. As a business reliant on in-person engagement, it’s hard to imagine a world where Royal York can succeed without conducting in-person showings—human connections are critical in this kind of business. Yet, they’ve defied the odds by creating new processes and using technology to empower their workforce. Instead of continuing to operate the way they used to in an environment where it clearly wouldn’t work, Royal York utilized technology to quickly adapt. Through automating various pieces of their customer journey and enabling staff with the information they need both in the office and while working with customers (through virtual showings and more), they’ve been able to reinvent traditional property management and increase internal productivity so they can handle more business with the same amount of staff. This increase in revenue has allowed them to expand business and even hire new employees to keep pace with growth.

Royal York was able to take their entire business remote, putting extra emphasis on collaboration and communication processes and tools. For companies that are unable to go fully remote, collaboration is still key and tools need to be integrated with relevant business applications to ensure teams have the right context to be effective. Fully integrated tools can automate manual and repetitive tasks, whether that’s automating project management or your customer journey. For example, if you’re using spreadsheets to track sales or a project and you have to update details and notes separately in your CRM, this will contribute to low-value time sucks and hold your business back from operating leaner. Continuing to automate customer touch points throughout their lifecycle will also help with retention and revenue growth.

For businesses choosing to return to work, their model must mold to fit both an office workplace and employees still working from home, but collaboration tools are just one piece of the puzzle. Most businesses are finding that their employees are still successfully communicating and collaborating, but their technology needs to go beyond and contribute to business results rather than simply productivity. Royal York was able to do this by using collaboration software in the context of a new work paradigm that brings collaboration, productivity, and communication tools into other business processes.

It’s critical to look beyond the surface-level capabilities of these tools and make sure they integrate well into whatever ecosystem your teams already use, extending access to the information and tools they need – where they need them. When your sales team is viewing a customer record in CRM, for example, they should be able to see more than just customer information. They need to have a clear picture that includes everything from their last payment and any open support tickets to the last time they were on your website to what they rated you in a recent survey. By providing this information all in one place, you’ll not only automate processes, but you’ll help employees do their jobs better, especially if they’re remote.

It is completely understandable to be overwhelmed with new hybrid work environments and what’s to come. However, whether your business chooses to return to work in the office soon or work remotely indefinitely, collaboration and productivity tools in conjunction with a dynamic strategy to improve employee experience and productivity will enable growth. It’s apparent that collaboration software is at the forefront of aiding hybrid work environments, but let’s look beyond that. Using this technology in the context of a new work paradigm to establish consistency of data throughout your organization will allow for easy adaption and new growth in a shifting work environment.

The Future of Return to Work: Adapting to Hybrid Work Environments [Smallbiztrends]

About Our GE Network Expert - Min Tang

Categories
Branding

How To Create A Professional Business Email Address On Gmail

There are several simple steps to create a professional business email address using Gmail. In the world of small business communications, emails are secure, ethical, and reliable. Naturally, a business email account boosts brand awareness, drives website visitors, and encourages helpful feedback for your company. Even more, business email communications can improve customer relationships and generate consistent leads. If you do not know where to start, there are several steps and strategies to help you navigate the process. Often, it is recommended to use Gmail, one of the top email service providers, while getting started. Read on to learn about how to create a professional business email address on Gmail. 

Get Started With G Suite

All business Gmail accounts are created through G Suite. If you don’t have an account already, this will be the first step to set up your company account. Visit G Suite and choose your plan based on your business and account preferences. Next, you will be required to fill out your business name, number of employees, alternate communication mediums, and other basic account information. By setting up your account settings in G Suite, you can begin distributing secure, ad-free, and private emails for your business. To begin the process, use G Suite to build your small business account. 

Add Required Email Accounts And Users

Now, you can add all the required accounts, addresses, and users associated with your Gmail business email. Add clear addresses for sales representatives, customer service agents, executives, and other essential personnel. Remember, you can always add more users later on if you wish to do so. Once your accounts are outlined, create secure, unique passwords for each user to access. This way, administrative users can easily access their accounts, without risking internal or external attacks. Using these accounts to improve administrative and access control, you can protect your company against cyber attacks. To start sending professional communications, consider all your crucial staff and create separate email accounts to accommodate these users.

Insert An Email Signature

Next, you should add a professional email signature to your business account. When properly designed, an email signature drives brand awareness, encourages trust, and keeps your target recipients engaged. In fact, you can use a professional, free generator to easily add a signature in Gmail in minutes. Simply insert your business contact details and branded social account. Then, design your templates and overall signature layout. To customize your signature even further, you can add a styled signoff, disclaimers, videos, or custom banners. To start sending professional communications, insert an email signature onto your Gmail account.

Secure Your Business Email Address

Strong business email addresses need to be secure against spamming, phishing, internal and external attacks. Fortunately, there are several things to do to fight business security risks across your email inbox. Start off by encrypting all email and server connections. This way, secure messages can never be intercepted or read by cyberattackers. Next, be sure to verify all communications, update software whenever available, and educate your employees on security technology. In many cases, you may even want to consider reaching out to a third party for heightened email security. For businesses of all size, taking the time to evaluate and plan for email security is a crucial step to setup your account. 

Grow Your Email Contacts

With your professional small business email account established, you now need to focus on building your contacts. Include key networking information in your signature. In addition, you can consider traditional marketing techniques, such as telemarketing, direct mail, or hosting an event. Then, follow up these activities with an email. At the same time, you can always use social media, giveaways, and online communities to entice people with your email signature. Naturally, taking the time to build your email contacts by increasing personalization, building authentic relationships, and improving your targeting. To start sending communications, use the top marketing tactics to grow your email contacts.  

There are several easy steps to create a professional business email address for your company using Gmail. To begin the process, use G Suite to build your small business account. Now, you can add all the required accounts, addresses, and users for your email account. Next, you should add a professional email signature to your business account. For businesses of all size, taking the time to evaluate and plan for email security is a crucial step to setup your account. Finally, use your email signature to grow your contacts by promoting and reinforcing engagement. Follow the steps highlighted above to learn about how to create a professional business email address on Gmail.

Categories
Social Marketing

Benefits of FREE Online Events Invitation Services

Free Online invitation services offer a very superb means to keep tabs on guests coming to an event, let them know of changes, and, of course, dish out any sensational invite available to family and friends, regardless if it’s a corporate event, dinner party, or once in a lifetime occasion. 

Such invitation has been in use for several years now and has once again gained eminence in recent years. At a time, Outlook invite and Google Calendar was the only means of sending out digital invites but lately, many sites now deliver digital invitations that have advanced options for customization with several features that greatly aid event planners to make decisions.  

Online Events Invitation Services and software event planner have benefits they offer to event managers and others interested in using them, among which are the following:

Redesign

Even though a calendar app can be used to inform people of an event, developing a creative and dynamic online invitation will help you build momentum towards the event, increase donations or ticket sales, and rev up attendance because this is an important aspect of your event. Digital invitations when compared to paper invitation enable you tweak the invite design and layout. You will be able to add high quality graphics, images, videos messages and also include other interactive features. Online invitations allow you experiment with custom wording designs. 

Management Options for Online Events

Despite that a number of sites offer only online invitations services, some event organizing tools give you the privilege to integrate other features along with this, with the addition of an attendee list management feature and collection of RSVPs. This infers that your invitation can serve as the leadway to obtain and export attendees info, design seating charts and communicate with your invitees at large. 

Protect the planet and bring down expenses

Let’s not forget that online invitations are paperless. Unlike in the past when a hundred trees had to be killed for a major event, you can invite people these days without sending out a piece of paper. Think about how much you will be spending if you were using paper as your means of invitation. With digital invitations, you will be able to save the invites, envelopes and also all postages. By choosing online forms of invite, you help protect the planet from waste and reduce cost at the same time. This is a lot good you are doing. 

The Opportunities to communicate is increased

When a paper invite is sent out, the options you have to communicate with others is limited, mostly at times when you’re on a budget. The majority of events give you only a chance to pass information across to your invitees, or create an urge in them to attend. If the guest list you’re reaching out to is online, you therefore, have the chance to dish out follow-ups to RSVPs, reminder notifications and a check-in with guests who have not responded yet, make updates or changes to the ceremony and give out thank you notes once the programme comes to an end. 

The value of your invitation is increased 

There are a number of methods you can use for your online invitation to make it increasingly valuable to your guests compared to a paper invite. Maps and directions that can be included are within reach and there is an option to input the event into a calendar, skip to a conversation, preview the venue easily with a link, and create buzz for the event around on social media.   

Online invites offer a great benefit of being convenient in delivery. You don’t go through the hassle of designing invites, mailing them and printing it to the guests.

Categories
Finance & Capital

Diversifying Your Investment Portfolio 

Anyone who has studied finance, even for just one day, could tell you that building a diversified investment portfolio is critical to success, primarily by minimizing risk and maximizing opportunity. Nevertheless, smart diversification is easier said than done. Your investment strategy now could determine your financial success for years to come. Making the wrong diversification choices can easily end up being just as risky as not diversifying at all. So how can you gear your portfolio toward financial success? These six tips might help.

1. Quality over quantity

Simply claiming a large number of investments doesn’t necessarily mean your portfolio is properly diversified. If you typically focus on U.S.-based stocks located, you may want to expand outward into bonds and international opportunities. Two of the most important factors in building variety are value and growth. Some investments are lucrative because they are already valued highly. Others are valuable because of their potential for growth. Be sure your portfolio covers each.

2. Smart investors have cash

In addition to stocks, bonds and real estate, a truly secure investment portfolio will include a large amount of cash. Cash provides security and stability and protects your other investments from unforeseen circumstances. Too many investors have become so aggressive that they leave themselves with no cash on hand to weather difficult economic situations.

Not only does cash provide stability, but it also allows investors to quickly take advantage of unique situations. For example, in 2015, Warren Buffet — who is famous for keeping large amounts of cash in his portfolio — was in a position to purchase 1.6 million shares of Wells Fargo when the stock price suddenly dropped.

When you build security and liquidity in your portfolio through cash, you’ll not only be able to come out on top amidst even the most difficult economic downturns, but you’ll also be able to beat other investors to the punch when the right opportunities present themselves.

3. Limit guesswork through franchising

Franchising is a tried-and-true investment strategy with low risk and high potential, given that owners borrow from systems with pre-existing brand recognition and proven success rates. In fact, according to a paper by Seth Lederman of Frannexus, which works with career professionals on franchising opportunities, “Most new businesses take a huge risk when they start out with untested concepts and practices. With franchises, guesswork is reduced to a minimum, and the chance of lasting success and wealth creation is significantly increased.”

Franchises come with their own marketing, customer loyalty and even employee-training systems already in place. New business owners can save large amounts of money when they franchise rather than create new, independent businesses.

4. Real estate investing adds variety

Real estate investment functions differently, and because of this, some investors feel cautious about entering the market. But the advantage of real estate is that there are a number of ways to benefit from it, as it can create wealth through rental income, tax benefits, equity for other investments or an immediate profit from the reselling of property. The inherent diversity in real estate investments makes them a smart bet.

5. Keep flashy investments to a minimum

Every so often, an industry comes along that seems like an easy path toward getting rich quick, but it’s important not to let this temptation take hold. If anything, put a portion of money toward those flashy investments, but keep one hand active in other industries.

An example of when too many investors put all their money into a rising trend was during the dot-com bubble burst circa the year 2000. The internet seemed like a dream, and many investors failed to maintain smart strategies, subsequently squandering money when a vast swath of these companies turned out to be overvalued and their stocks crashed.

6. Don’t make investment decisions on autopilot

Just because you think you’ve created a beautifully diverse portfolio doesn’t mean you can let your investments run on their own. It’s imperative to stay informed about each market that you’re operating in. The more involved you are, the easier it will be to notice warning signs. You’ll also be able to tell when you need to pull out of an investment or patiently wait out a tough stretch. People rarely make money by accident. Don’t let your investments run on autopilot.

6 Savvy Ways to Diversify Your Investment Portfolio [Entrepreneur]

About Our GE Network Expert - Min Tang

Categories
Entrepreneurship

Never Too Late To Start Your Business

Most people George Zweig’s age are long retired. But for the 78-year-old — who has enjoyed a wildly successful and varied career as a physicist, military strategist, CalTech professor, inventor, software  and hedge fund investor — not working isn’t an appealing option.

“I’ve still got it,” he told The Wall Street Journal, adding that without work, “life can be very boring.”

And so instead of joining his peers in their leisure-filled golden years, Zweig is entering a world typically reserved for men and women less than half his age: He’s starting a hedge fund.

As the WSJ notes, the cutthroat industry, known for its low startup rate, is a notoriously tricky one to master, even for founders at the prime of their career.

But Zweig feels he’s up for it. “It’s a fantastic challenge,” he told the outlet.

As a man of a riper vintage, Zweig is not alone in chasing (and finding) success later in life. While may fetishize youth — a bias compounded by Hollywood’s embrace of the dorm-room-startup narrative — the reality is more nuanced. For many, the big breaks arrive long after the crow’s feet.

Unconvinced? Charles Flint founded IBM at 61.  opened McDonald’s in his early 50s and Harland Sanders started in his 60s. At 44, wasn’t exactly old when he founded Walmart, but he was far from a college-aged teenager.

Still skeptical? A recent report by the Kauffman Foundation found that most people who became new entrepreneurs last year were in the 45 to 54 age bracket, followed next by those in the 55 to 64 demographic. Pair that with another study (which examined 502 successful engineering and companies and determined that the median age of their founders was 39), and there’s a solid case to be made that experience, not youth, is the key to entrepreneurial success.

As he embarks on his next chapter, Zweig will certainly tap into his extensive library of life experience, particularly with algorithms: His hedge fund plans to differentiate itself from competitors by developing software that turns large amounts of data into visual images, the WSJ reports, which can be used to uncover patterns and predict movements in the market.

For more examples of entrepreneurs who started businesses well after they graduated college, check out this infographic, embedded below, from startup organization Funders and Founders and information designer Anna Vital.

It’s Never Too Late: At 78, This Former Physicist Is Starting a Hedge Fund [Entrepreneur]

About Our GE Network Expert - Min Tang