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9 Steps To Powerful Presentations

Giving a business presentation? Here are nine steps to help you make an impact and keep your audience engaged: 1. Think About Your Audience Think about the reason you’re being asked to present, the size of the audience and what they may already know about the topic. Think about what they’re like, why they’re here, their hopes and fears and how you might solve their problem. 2. Build On Your Ideas Your presentation should have one message. It could be to solve their problem by buying your product, investing in your project or changing a policy. As Stephen Covey says in The 7 habits of highly effective people; “begin with the end in mind”. If you’re not sure what the audience should think, feel and believe by the end of your presentation, then grab a few P...

Why Your Business Should Consider Accepting Cryptocurrencies

Nothing has shaken up the world of business quite like Bitcoin. Yet there’s still an air of intrigue surrounding this strange currency. While some predict it will overtake hard cash on a global scale, others see it as merely a fad, soon to collapse and lose prominence altogether. Regardless of which camp you fall into, the trend is simply too big to ignore. At present it’s difficult to use bitcoin on a commercial level; however, that doesn’t mean that it’s redundant. With more and more people using the Internet to conduct everyday transactions, diversifying has become paramount to survival in this globalised world. But aside from the long-term potential benefits, here are a few other reasons why you should incorporate bitcoin into your business model now. Reduced Pa...

5 Reasons Why Businesses Are Embracing Cryptocurrencies

We are currently at the start of a journey, one which could change the world of business forever. While cryptocurrencies have been around for many years, they have only recently gained widespread recognition. And now, with names like Richard Branson, Bill Gates and Elon Musk publicly endorsing them, people are starting to take notice. If you’re yet to jump on board with the bitcoin revolution and still don’t see the point of incorporating cryptocurrencies into your business model, perhaps the following points will change your mind. 1. Fraud Prevention It’s estimated that approximately one percent of all transactions end up in dispute due to chargebacks. While some of these requests are legitimate, many are fraudulent. Unfortunately, it can be difficult for businesses to p...

Top 5 Business Accounting Software: Pros And Cons

When it comes to searching for the best accounting software, you need to identify an application that meets your needs. This means looking for a program that saves time and is able to deliver quick results. Such software should save you the headache of performing accounting functions such as invoicing, reporting, bill payment, reconciliation, and automated entries. Additionally, it is important to look for a program that syncs with your bank account. The software should also allow linking with POS (Point of Sale) Systems to allow you perform financial activities such as reporting and acceptance of payment.  Here is a collection of the top business accounting software apps to look out for: 1. QuickBooks Online QuickBooks offers you a wide range of accounting functions. It is effective for s...

How The Age Of Acceleration Is Changing The Business Of Service

By 2020, there will be more than seven connected devices for every person alive. Service providers must anticipate this new reality, the speed at which it’s emerging, and its impact on business models.  The global economy is in the middle of the most disruptive period in all of human history. Companies that have been fuel for the global economic engine that powered the late 20th century are quickly disappearing from the global stage. According to the Olin School of Business, 40% of today’s Fortune 500 companies will be gone in the next 10 years. Much of this business transformation is due to the accelerated advancement of technology. We are, in effect, making better and cheaper things that enable us to make better and cheaper things. Organisations that do not recognise this reality, ...

Shaking The Tree: Disruption Hits Capital Equipment Assets (And Why That’s A Good Thing)

If you had to pick a moniker for this decade, then “disruption” is a pretty good one. It’s now so pervasive that it’s almost become a cliché of itself. Everywhere you look, from banking to music to taxis and hotels, traditional business models and markets are being disrupted. All driven by technology being applied in innovative new ways. Now it seems it’s the turn of capital equipment assets and the machines themselves to be disrupted – or at least the way we manage, use and maintain them. Industrial downtime is no joke. Unplanned downtime in just about every industry has a significant impact. The Aberdeen Group last year reported that the cost of downtime across industries went up to $260,000 per hour on average between 2014 and 2016. That’s a huge jump with a considerable hit on any busi...

Top 4 Workplace Motivators To Boost Productivity

For a team of motivated, hard-working individuals, nothing stands in the way of peak productivity and inhibits the pursuit of company’ goals. Therefore, motivation is never to be taken for granted. Each and every person has different motivations and expectations regarding work. That is not to say that satisfying everyone is an insurmountable task. Work environment always has a profound impact on motivation, engagement, and productivity. 1. Money & More On Mind Studies have revealed that money is not the top work motivator. Then again, it is still one of the main driving forces, so underpaying your work would be a wrong move. So, a company must provide a fair salary and benefits in order to attract and retain a committed workforce. The financial aspect encompasses not only compensation ...

4 Ways Technology Can Change The Modern Workplace

The adoption of technology in organisations has drastically contributed to reshaping the average workplace in many parts of the world. The environment that formed a majority of the offices a couple of decades ago is no longer. Technological advancement has taken over the traditional office environment, giving employees a chance to have a better interaction with the global market; as well as reduce their workload. The use of new technologies in organisations has brought a lot of convenience in professional and personal lives. Particularly, facility managers and human resource leaders are some of the people who are having the best of technological advancement and use in organisations. Nowadays, almost every aspect of an organisation runs on technology. For a business to make high returns and...

Quick-Fix Tips To Beat The Back-To-Work Blues

When the summer holiday season comes to an end, for many of us, the all too familiar “back to school” feeling descends along with the pumpkin spice latte: the final nail in the coffin which signifies the end of the warmth and sunshine. The out of office replies have been removed, the coffee is being poured by the gallon and employees often struggle to exit vacation mode and regain productivity. This can also lead to unwanted security side effects; as passwords are forgotten and software updates are long overdue. In order to give teams the best chance of succeeding in the post-holiday season, now is a good time to do an audit of workplace processes and practices to improve workflow and security while warding off the back to work blues: Crack Down On Meeting Etiquette Respect start and end t...

Predictive Analytics: How It Can Improve Your Business

In a world where data is constantly being generated and where businesses have an unprecedented amount of insight into their customers, predictive analytics has never been so important. This form of analytics uses data, algorithms and machine-learning techniques to identify how likely a future outcome will be based on what has happened in the past. Predictive analytics, therefore, has now become a vital part of business strategy. Businesses can analyse data from past activities in order to identify what is likely to happen in the future, and therefore pivot their services accordingly – transforming datasets into actionable insights that make a real impact. When it comes to marketing, marketing departments have come to the forefront in business, helping drive profit and growth. The abi...

MiFID II Offers A Chance For A Much-Needed Data Cleanse

Investment companies can look forward to increased visibility throughout the trading workflow in the coming months. Challenges remain on how data is processed and managed but technology will provide the answers. The upcoming MiFID II regulations will increase the role of Legal Entity Identifiers (LEI) in the trading workflow. MiFID II requires that all entities need to be able to identify each other using a LEI. Essentially that means no LEI, no trade. Existing trading and portfolio management systems should be able to handle aspects of this process with relative ease; just add on a new field for each broker or client account, for example, that can store the LEI. However that may not be the end of the challenge. We know that the Global Legal Entity Identifier Foundation (GLEIF) estimates t...

The Best Ways To Test Your Business Idea

So you’ve had the idea, and the Next Big Thing is in your hands. But before you start, developing your business or product, and definitely before you can start making money, you need to test your idea to see if it works. Testing it out will save you stress, money and hassle later down the line. Unfortunately, not everyone will share your passion and vision from the off, so you need to be able to prove that your business idea is viable if you’re looking to start a business, particularly if you will require funding. You’ll need to show how you’ve tested it, and justify that it’s a good concept based on the proven fact there’s a market there. First things first, you need to build your minimum viable product – the simplest form of whatever it is that you’re going to deliver. You could skip thi...