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4 Ways To Effectively Handle A Large Business

4 Ways To Effectively Handle A Large Business

Many things that worked well when your business was small no longer work now that you are running a large business. Although you may still be in the same basic business, you now have to run it in a different way. Scaling up adds new pressure on your business and you have to deal with a whole new set of conditions.

It might not necessarily be that you’ve gotten inefficient. In fact, you are producing more goods at a faster rate and have vastly improved the quality of your services. The revenue you now earn in a month may even be what it took a year for you to earn in your small business.

It’s tough handling a large business and it’s easy to get overwhelmed, but if you follow the basics correctly and make an attempt to patiently persevere, it’s not as hard as it seems. The tips mentioned below will help you alleviate your problems and handle your business effectively.

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1. Manage your payrolls.

Doing payroll the same old trusted way may be increasing your costs because of the increasing complexity of the paperwork required for wage payments and statements. The solution is to adopt electronic payroll and wage statement methods. This will allow you to put paperless pay into practice. This will give you many payment options, like pay cards and online statements. It will also be easier to manage changes in a variety of departments that have diverse requirements, as well as provide service to employees who have different payment needs.

2. Manage your meetings.

When your business was small, you had fewer business meetings. You probably also had to travel far less often to attend those meetings with partners or clients. Now that your company is growing, there are probably more outside meetings, and frequent travel not only raises your costs but also limits the time you have to work on your own business projects.

One solution to this is to opt for video conferencing instead of actually traveling regionally or internationally. Setting up a meeting is as simple as sending recipients a hyperlink and then conducting the meeting via voice, video, and desktop sharing. Your meetings will go just as well, perhaps even better, and this alternative is both simple to use and inexpensive.

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3. Manage your telecommunications.

It can become fairly expensive to have multi-line telephone units. It’s possible to get virtual solutions that offer the same functionality at a lower cost. If your business has more than one location, you may want to consider getting laptop-based softphone software. Since your employees are probably being outfitted with laptops anyway, why not add these softphone applications to their portable computers, as well?

A softphone is a hybrid word for software telephone. It is an application program that enables users to talk using VoIP, or voice over Internet Protocol. In other words, your employees will be making telephone calls from their computing devices. These applications can be used with a headset and microphone.

4. Manage your technological infrastructures.

If your business is growing rapidly but you are still using an on-premise computer system, then you are paying too much and getting too little for your money. If you’re in this situation, it’s time to migrate to cloud computing.

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Your users will have a richer experience because they will be able to take full advantage of the latest software through Software as a Service. You don’t have to hire an IT team for maintenance and care of the system because all that is handled by the cloud service provider.

You can also scale up your business easily by asking for more system resources and additional services. And your employees can access their work from anywhere at any time. This feature is especially useful if you are outsourcing work and want to give independent contractors limited access to your database as well as enhance collaboration.

Remember, it’s not the same old business anymore!

Size makes a huge difference in business operations because you’re now dealing with far more complexity. For instance, your hiring process has probably changed beyond recognition. It used to be easy to hire new people when you had a vacancy.

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A few well-placed ads were all you needed to get a large selection of candidates and it was not long before you got some more people on board. Now, however, you have so many positions to fill more often that you need a much more sophisticated recruiting system to keep track of everything.

When you have a larger business, you have more employees doing more things, more business processes, more projects to coordinate, and more vendors to manage. You also have more products to sell and more services to offer. Besides having a lot more customers, you may even have several target audiences now because you’ve entered several niches in the same industry.

The bigger your business gets, the more different it becomes. In fact, it may be so different that it’s just a question of semantics to say that you have the same business. In reality, you have a different business — a bigger, more complex business that does more things with more resources to produce bigger results. By using the right solutions, you can prevent complexity from tipping into chaos.

Featured photo credit: Wikipedia via upload.wikimedia.org

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Nabin Paudyal

Co-Founder, Siplikan Media Group

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Last Updated on August 20, 2018

Quit Your Job If You Don’t Like It, No Matter What

Quit Your Job If You Don’t Like It, No Matter What

Do you know that feeling? The one where you have to wake up to go to your boring 9-5 job to work with the same boring colleagues who don’t appreciate what you do.

I do, and that’s why I’ve decided to quit my job and follow my passion. This, however, requires a solid plan and some guts.

The one who perseveres doesn’t always win. Sometimes life has more to offer when you quit your current job. Yes, I know. It’s overwhelming and scary.

People who quit are often seen as ‘losers’. They say: “You should finish what you’ve started”.

I know like no other that quitting your job can be very stressful. A dozen questions come up when you’re thinking about quitting your job, most starting with: What if?

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“What if I don’t find a job I love and regret quitting my current job?”
“What if I can’t find another job and I get in debt because I can’t pay my bills?”
“What if my family and friends judge me and disapprove of the decisions I make?”
“What if I quit my job to pursue my dream, but I fail?

After all, if you admit to the truth of your surroundings, you’re forced to acknowledge that you’ve made a wrong decision by choosing your current job. But don’t forget that quitting certain things in life can be the path to your success!

One of my favorite quotes by Henry Ford:

If you always do what you’ve always done, you’ll always get what you’ve always got.

Everything takes energy

Everything you do in life takes energy. It takes energy to participate in your weekly activities. It takes energy to commute to work every day. It takes energy to organize your sister’s big wedding.

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Each of the responsibilities we have take a little bit of our energy. We only have a certain amount of energy a day, so we have to spend it wisely.  Same goes for our time. The only things we can’t buy in this world are time and energy. Yes, you could buy an energy drink, but will it feel the same as eight hours of sleep? Will it be as healthy?

The more stress there is in your life, the less focus you have. This will weaken your results.

Find something that is worth doing

Do you have to quit every time the going gets touch? Absolutely not! You should quit when you’ve put everything you’ve got into something, but don’t see a bright future in it.

When you do something you love and that has purpose in your life, you should push through and give everything you have.

I find star athletes very inspiring. They don’t quit till they step on that stage to receive their hard earned gold medal. From the start, they know how much work its going to take and what they have to sacrifice.

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When you do something you’re really passionate about, you’re not in a downward spiral. Before you even start you can already see the finish line. The more focus you have for something, the faster you’ll reach the finish.

It is definitely possible to spend your valuable time on something you love and earn money doing it. You just have to find out how — by doing enough research.

Other excuses I often hear are:

“But I have my wife and kids, who is going to pay the bills?”
“I don’t have time for that, I’m too busy with… stuff” (Like watching TV for 2 hours every day.)
“At least I get the same paycheck every month if I work for a boss.”
“Quitting my job is too much risk with this crisis.”

I understand those points. But if you’ve never tried it, you’ll never know how it could be. The fear of failure keeps people from stepping out of their comfort zone.

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I’ve heard many people say, “I work to let my children make their dream come true”. I think they should rephrase that sentence to: “I pursue my dreams — to inspire and show my children anything is possible.” 

Conclusion

Think carefully about what you spend your time on. Don’t waste it on things that don’t brighten your future. Instead, search for opportunities. And come up with a solid plan before you take any impulsive actions.

Only good things happen outside of your comfort zone.

Do you dare to quit your job for more success in life?

Featured photo credit: Unsplash via unsplash.com

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