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Conceiving a business idea is one thing, but actualizing the idea into a real business is another. It takes high levels of persistence, patience, commitment and strategic planning to start a successful business. Therefore, while starting your business can be fulfilling, there are certain things that you need to consider to bolster the probability of sustainable success.

Starting a New Business? Consider the Following

Business Research

Every business starts with an idea. However, the fact that you are the originator of the concept does not necessarily mean that you know everything about the business. It is therefore essential to conduct research to learn more about the business that you want to start. The business research process is an opportunity to learn from other people who may have a similar or related idea, including professionals and experts in the field.

The underlying goal is to eliminate guesswork and errors, thereby reducing the possibility of business failure. There are quite a few business research companies in Philadelphia that you could contact to get some help with your research.


The Target Market

You are starting a business to provide solutions to the customers. Therefore, you should define your target market from the onset. You need to know their demographics, lifestyle, and what they want. Ignoring the expectations and preferences of your customers could result in business failure. If there is no ready market, have a plan to create the demand for the product you are offering. If you understand the target consumers, you can design products and services that fulfill their particular needs. In turn, the customers are satisfied, which translates to consumer loyalty and, ultimately, more sales and profits.


Business Finances

The actualization of a business idea into a real business requires starting and operating capital. It is essential that you define how you will fund your business to ensure that it runs smoothly and fulfills the market needs. For the small and mid-sized businesses, personal finances and support from family and friends may suffice at the beginning. However, as the business expands and the market grows, you may want to consider seeking loans from financial institutions. Have a financial plan that defines the sources of business capital, as well as how the cash flows and other accounting aspects will be managed to ensure efficiency.


The Role Of Technology

Consider how you can incorporate technology to streamline your business operations. Multiple digital business management solutions suit different businesses, depending on the unique needs. For example, a digital asset management solution may be necessary to ensure efficient management and utilization of your business assets. Other relevant digital solutions include inventory management, social media management, human resource management and digital marketing solutions. Identify the technology that suits your business, and incorporate it to enhance business productivity.


The Human Resource Factor

Your business needs the right talent to achieve its objectives. Depending on the size of your business, you need to identify and enlist talented people who share your vision. Embrace the idea of teamwork, and provide a friendly working environment for your employees. Where appropriate, allow them the necessary autonomy, which combines with the proper incentives to creates a sense of ownership. Ultimately, you will have committed employees who perceive the business as their own, meaning they are ready to work beyond the call of duty to deliver success.


Legal Implications

Every business operates under a specific set of rules and regulations. Take time to understand the relevant legal provisions that apply to your business. If you do not understand the rules, it may be worthwhile to engage a legal expert to guide you in identifying and obtaining the relevant licenses and permits, and protecting your business idea. Ensure that you fulfill all the legal requirements before starting the business to avoid costly, time-consuming and disruptive legal battles that can potentially finish your business.

Take time to define the legal, financial and market dynamics that apply to your industry. Prepare all the requirements, and enlist the right people to work with you as you execute your business idea. Lastly, use the relevant technologies to position your business in a competitive starting point as you prepare for sustainable success.

Lee Flynn is from the Wasatch Mountains near Salt Lake City, UT. After Lee spent years preparing himself, his home and his family, he decided he had to do more. In his free time, Lee helps educate those who want to do the same. Through small local workshops and articles, Lee trains and teaches others on home preparation, food storage techniques, wilderness survival and self reliance. After obtaining a bachelors degree from the University of Utah, Lee moved to the Salt Lake Valley where he now lives with his wife and daughter.

 

 

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A business, just like an airplane has to be enhanced to ensure that it functions efficiently for consumers and owners. Unfortunately, most business owners don't take time to work on business inefficiencies, which come in an array of ways and they cost close to 35 percent of revenues every year. Every business needs to work on enhancing its efficiency so that it offers its clients the best services and products at an affordable price.

Want to Improve Your Business Efficiency? Check Out These Ideas

Access employee productivity

One of the critical areas you should start working on is the productivity of your employees. You need to be sure that your employees are at their maximum productivity so that you increase your business efficiency. Businesses that have several departments should ensure that they have supervisors to carry out a job performance review regularly. The supervisor should review each employee in all the departments and discuss with them ways of boosting productivity.

 

Building an open and transparent communication between the management and supervisors is essential if you want to have a common goal of increasing business efficiency.


Start with what isn't working

Before you change anything, you need to learn how to identify the inefficient processes. You can identify the inefficient areas on your own or with the help of an expert. Having identified the weak areas in your business, you need to come up with the causes so that you design better ways than the current ones of operating the business. The ability to enhance business efficiencies in the future largely depends on how fast you notice areas in the business that slow down operations.


Leverage technology

Close to 25 percent of businesses lose their competitors due to inefficiency in digital integration. You can increase your business efficiency by leveraging technology, from billing, marketing campaign management, bookkeeping to clients' relations. You can use technology to reduce the time spent in some processes and utilize it to increase productivity. Besides, bpm improves business and reduces communication breakdown, which is a leading cause of business inefficiency. Additionally, you can quickly generate and share reports with customers, suppliers or the management to ensure enhanced business efficiency.


Democratize market

Even the best aircrafts face challenges flying through storms. Fortunately, you cannot do much about the weather, but you can do everything about the market. Businesses can enhance their efficiencies by using democratized methods to make it easier for clients and employees to access information. Research shows that businesses that democratize their markets have a 30 percent possibility of retaining their customers and increasing revenues up by 55 percent.


Stick with the established process

A common mistake made by businesses is changing processes in the middle of an ongoing project. Avoid trying to cut corners with the aim of speeding up the process because you might miss something that will require to be fixed in the future, which cost time and money. However, that doesn't mean that you cannot change things, but not because you are behind schedule or without a plan. Also, you need proper communication with the full team before and after changing a project to be sure that it continues to run smoothly.


Listen to your customers

You need to listen to your customers even after examining their behavior because retaining customers is essential in increasing business efficiency. You can utilize customer relationship management software to enhance communications with clients and ensure customer satisfaction. Customer relationship management software is integral in tracking email responses and correspondence from clients, improving client information database, and using autoresponders to keep customers updated. Additionally, the software helps businesses to gain input from its customers through social media, which is essential in ensuring business efficiency.


Know your finances

Business efficiency is primarily affected by how well it manages its finances. You need to understand your financial position so that you can make smart business decisions. Also, it keeps you aware of strategic ways of optimum utilization of resources.

 

Brett Clawson is a business owner and entrepreneur with over 10 years of experience. In his free time, he enjoys writing and learning about emerging business trends.

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What is Business Intelligence?

 

With the massive amount of data that is at our fingertips, it can hard to gather and use information in the most effective way without the use of help, such as software programs. Business Intelligence (BI) is how technologies and applications collect, integrate, analyze, and present business data. The primary purpose behind BI is to help businesses make smarter decisions.

 

It is important to note that BI is not only intended for large businesses. Many types of businesses, such as warehouses, grocery stores, and small eateries, can use BI for better productivity. Photo: CIO.com

 

How Does Business Intelligence Work?

Business intelligence includes collaborative BI, mobile, BI open source BI, SaaS BI, real-time BI, and operational BI. The information is collected and analyzed quickly through visual application that create charts and infographics. Moreover, BI also offers business metrics and visualized data that is easy to understand.

 

Why is BI Important?

There are many advantages to BI, such as:

 

It Increases Productivity

When businesses use traditional research methods for gathering information, employees will be tasked with compiling information and writing detailed reports, which takes up a significant amount of time. A BI program is beneficial for these tasks because information can be collected and analyzed by simply clicking a button. Programs, like Amazon Redshift, are cloud based data warehouse services that enables business owners the ability to gain new information about their customers and business.

 

In addition, employees will be more productive when they have access to the data they need. As a result, employees will be able to concentrate on improving their work skills instead of wasting time manually gathering information.

 

Less Micromanagement

BI can also help businesses cut down on the amount of micromanaging that takes place. With a BI program, managers and administrators can set clear guidelines and expectations as to what is needed from their new employees. This will lead to less micromanaging because parameters and goals give employees an understanding of their roles and responsibilities.

 

BI Helps Businesses Learn from Past Actions

Many businesses use BI primarily for an accurate analysis of future business actions. This is known as prescriptive analytics. BI programs can efficiently store enough of the company's information from past trends to make an accurate predictions. With this type of BI, businesses can also use a business analyst who studies the past trends and make a prediction.

 

Data Visualization is Easier

Many BI systems have the ability to quickly transform information into charts and graphs that can help employees understand complex data. According to a study from Cornell University, if individuals are presented with data in words, 68% will believe what is being presented. However, if information is presented in a graph, then 97% of individuals believe and understand what is presented to them.

 

BI Helps With Inventory

BI can be a great way to stock inventory and prevent the high cost of keeping excess inventory in stock. With business intelligence software, businesses can use its insights to control manufacturing and save money.

 

It Can Repeatedly Test Actions

BI can be helpful for companies that are in the process of change. Instead of drastically changing the company, BI can test proposed changes repeatedly to see how it will impact the business by using a controlled environment. The data can show if the change will be a successful move for a company.

 

It Aids in Convincing High-Ranking Decision Makers

BI can also be used to help stakeholders see what is planned for the company's long-term success. Decision makers have access to the information that is influencing the company's decisions with BI.

 

The bottom line is using data that is gathered and accessed by business intelligence is a direct path improving any company. Ultimately, the goal of BI is to give businesses an upper hand over the competition.


Lee Flynn is from the Wasatch Mountains near Salt Lake City, UT. After Lee spent years preparing himself, his home and his family, he decided he had to do more. In his free time, Lee helps educate those who want to do the same. Through small local workshops and articles, Lee trains and teaches others on home preparation, food storage techniques, wilderness survival and self reliance. After obtaining a bachelors degree from the University of Utah, Lee moved to the Salt Lake Valley where he now lives with his wife and daughter.

 

 

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Philadelphia-based business owners who fail to keep up with the latest technology news, innovations, and market trends could be placing themselves at a real disadvantage. Developments that have the potential to impact not only local businesses but regional markets and even global industries are not a concern that should be taken lightly. Knowing more about the latest trends helps to ensure that Philly business owners can seek out and make use of a wider range of resources, options and solutions.

Workplace Automation Photo: pacificvoyagers.org

The age of workplace automation is here and even small businesses and new startups stand to benefit. More efficient ways of handling almost every aspect of their day to day operations allows organizations to lower payroll and overhead costs while also boosting productivity. From software applications and smart-devices to more sophisticated equipment and machinery able to offer a range of features and performance options that would have been unheard of only a decade ago, enhanced automation is already beginning to change the way that businesses operate.

 

Relying too heavily on outdated resources and conventional operational methods could be a big mistake, one that may end up costing Philly-based businesses a great deal more than they might realize.

Artificial Intelligence (AI)

Smarter machines have a great deal to offer and business owners would do well to keep an eye out for any opportunities to utilize AI to improve their current business model. From the range of digital personal assistants that are currently on the market to the most exciting tech trends that may be lurking just over the horizon, a current understanding of the latest developments within the field can provide business owners with plenty of valuable insight. The development of more powerful computer systems and mobile devices coupled with the falling price point for such devices means that AI is a technology business owners can expect to see a whole lot more of in the days to come.

Virtual and Augmented Reality

Virtual reality (VR) functions by providing users with an interactive visual environment, one that has the potential to revolutionize everything from construction and design methods to surgery and medical procedures. Augmented reality (AR) is quite similar although instead of providing users with an immersive all-digital environment AR is used to project a graphics overlay on the real world. AR can be used to provide an layer of information-rich graphics that does not inhibit or interfere with a user's ability to perceive and interact with their surroundings. While both technologies are still in their infancy, VR and AR offer a seemingly limitless range of uses that business owners would do well to learn more about.

Data Analytics

The latest methods for analyzing data can be of tremendous value to both large and small businesses alike. Utilizing computer systems that offer greater raw processing power with sophisticated algorithms and the more information-dense records that automated tools and digital working environments are able to create has the potential to provide greater understanding and insight regarding almost every aspect of business operations. From developing more detailed and accurate customer and client profiles to being able to spot and identify the latest trends market research can produce, data analytics is a tool that no organization can afford to ignore.

Future Trends Worth Keeping an Eye On

New technologies and shifting consumer and worker habits have the potential to impact market trends throughout the state and beyond. Business owners who are committed to keeping pace with the latest trends, developments and news may find themselves much better equipped to handle any obstacles or to take advantage of any opportunities that may be found on the road ahead. Making it a habit to learn more about the latest predictions, speculation, and market forecasts can have many benefits, especially for businesses that operate within markets that can expect to see frequent of far-reaching changes that may often occur quite quickly or with little warning.

Brett Clawson is a business owner and entrepreneur with over 10 years of experience. In his free time, he enjoys writing and learning about emerging business trends.

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Photo: pacificvoyagers.org



Philadelphia is the largest city in the state of Pennsylvania, and it is one of the most visited destinations in the country. It has also become one of the most important centers of commerce and trade in the United States, and many people are visiting the city because of its rich culture and history. For those who are visiting Philadelphia for the first time, this is a list of all the things that they can do to maximize their stay in the city.


Performing these experiences would make someone say that they have managed to do everything that they can to enjoy the city of Philadelphia is a few days stay.

1. Visit The LOVE Sculpture

The LOVE Sculpture can be found in the John F. Kennedy Plaza, and it is just a short walk from the city hall. It is one of the most recognizable monuments in the city, created by Robert Indiana. The monument was created to show the world that the people of Philadelphia are known for their love and compassion for others. There is also a bilingual equivalent of the famous LOVE Sculpture, known as the AMOR Sculpture.

2. Check Out The Boathouse Row

The Boathouse Row is an area located near the Schuylkill River, where people can see 19th century-inspired boathouses. The landmark sits near the Philadelphia Museum of Art, and a lot of tourists are visiting the boathouses because of its unique beauty and charm. It’s great to take a walk at Boathouse Row early in the morning or during sunset.

3. Head Out To The South 9th Street Italian Market

This market has been considered as one of the oldest outdoor markets in the United States. It was established in the late 1800s, and there is a lot of things to do inside. Visitors can buy fruits and vegetables from the merchants who are from the fourth and fifth generation families, with a majority having an Italian bloodline. People from around the world converge inside the market, selling their stuff to the curious crowd. There is also a happy hour bar or two near the market, so be sure to check those out too.

4. Visit South Broad Street And The City Hall

The Philadelphia City Hall is among the largest public buildings in the United States, and it is considered as one of the architectural treasures of the country. The city hall has served the city’s government for more than a century, and it offers a lot of green space for the visitors to enjoy. You could also reach the Avenue of the Arts from the municipal building and enjoy the public display of art by local artists.

5. Taking A Picture At The Liberty Bell

The Liberty Bell has been one of the most recognizable landmarks in the country, and the bell has a lot of historical importance. In fact, it’s so important, that some of the city’s professional athletic teams have incorporated the bell into their logo.

Photo: www.sonnyscheesesteaks.com 

6. Eat Out At The City’s Famous Cheesesteak Restaurants

The Philly Cheesesteak is one of the most recognizable foods in the United States. Visiting the city of Philadelphia would not be complete without eating an authentic cheesesteak. This meal makes for great food on the go, and the sandwich is worth the money because of the generous amount of fillings put on by the restaurants.

7. Tour Independence Hall

 

The Independence Hall is known as the country’s birthplace. This is where the constitution was signed, and it is considered one of the most important historical sites in the United States.


 

Lee Flynn is from the Wasatch Mountains near Salt Lake City, UT. After Lee spent years preparing himself, his home and his family, he decided he had to do more. In his free time, Lee helps educate those who want to do the same. Through small local workshops and articles, Lee trains and teaches others on home preparation, food storage techniques, wilderness survival and self reliance. After obtaining a bachelors degree from the University of Utah, Lee moved to the Salt Lake Valley where he now lives with his wife and daughter.

 

 

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Our climate is changing increasingly rapidly, and homeowners and business owners must anticipate the effects this will have on their bottom line. This anticipation is especially important for those living and operating businesses in coastal areas, as these are the regions of the country most likely to be affected by climate change in the upcoming decades.

Decreasing ValuesPhoto: bigthink.com

As sea levels rise and extreme weather phenomena become more common, real estate in flood-prone areas is likely to decrease in value. In some areas this decrease is already evident, as discussed in this article from Forbes. Increased risk of flooding leads buyers to be wary of purchasing homes near the coast, leading to a clear demand issue. Flooding can increase insurance premiums, cause costly damages, and may require extensive renovations to avoid flooding in the future.

 

These issues may dissuade buyers from purchasing, even if the cost is competitive. As sea levels continue to rise, flood areas will grow and include more and more properties, which will increase the demand for real estate inland. This will, in turn, increase the cost of such properties, and may shift business models from brick and mortar business models towards B2B ecommerce models.

Extreme Weather

Extreme weather is another risk for real estate on the east coast. Hurricanes already batter this area each year, but climate change has increased the frequency and intensity of these super storms. Hurricanes can cause extensive damage to siding, roofing, windows and doors, and other components of a building that are expensive to replace. Northeastern states may not experience hurricanes as frequently, but winter storms have their own set of risks for property owners, including roof damage from heavy snow loads, access issues, electrical outages, and more. Buyers looking to avoid these types of property damage are likely to turn their eye to states with milder climates and fewer coasts.

Insurance

Flood insurance is a lesser-known factor in the climate change debate. Insurance companies must base their premiums on actual risk, and as floodplains grow in the East premiums rise. This type of insurance is not usually included in homeowners or business policies, making it an expensive add-on that may increase in cost as sea levels rise and the risk of flooding increases each year. An unprepared buyer may forgo flood insurance altogether, requiring expensive repairs to be paid out of pocket.

Mold

Another factor to consider would be mold. Coastal areas are generally humid and provide an excellent environment for mold to grow, and flooded homes are particularly prone. Real estate purchased in areas that may have been arid prior to sea level rises may have hidden costs living in the walls. Mold remediation is necessary to avoid illness, breathing issues, and other health problems but is expensive and time-consuming. Buyers may factor this in when looking at properties that are in an area with high humidity, especially if the area was historically drier. These properties may not have been built with mold in mind and may be built with materials that are not resistant to mold growth.

Exceptions

It is worth noting that some real estate may have been built in a way that is cognizant of impending climate change. These properties may have materials, designs, or landscaping features that seek to solve or mitigate risks associated with the results of climate change, such as homes build on piers in flood zones or fire retardant materials in areas prone to intense wildfires. Property values for these types of homes may not follow decreasing trends as they represent a safer investment for buyers in these areas. Builders may find opportunities in vacant properties for this reason.


Overall, climate change is already beginning to affect Eastern real estate values. Buyers should be aware of issues unique to their environmental challenges, and keep an eye on the hidden costs of purchasing a home or operating a business in areas where climate change is likely to hit hardest.

 

Dawn Castell is a budding entrepreneur. After graduating with her MBA, she spent a few years working in the CPG industry and a few more working in the business tech industry before she set off to start her own business. She has been consulting with businesses, large and small, on the side ever since.

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Photo: bigthink.com



#1. Upgrade to energy efficient appliances

When it's time to replace an aging furnace, boiler, air conditioner, or water heater, invest in an Energy Star rated appliance. While this does come with a higher upfront cost, you can enjoy long-term savings for the next 10-15 years. Older furnaces use just 65% of the energy you pay for but new energy efficient models use 90% or more of the energy. You can also qualify for rebates from most Pennsylvania utility providers worth up to $300.

Photo: moneycrashers.com

#2. Shop around for car insurance

The average cost for collision and comprehensive auto insurance in Pennsylvania is $1,522 but the premium you pay depends on many factors like where you live, your driving history, your age, gender, and marital status, discounts, and the company. Shopping around for cheap car insurance in PA can help you save hundreds every year.


#3. Make more than the minimum payments on debt

Household debt in the United States is on the rise. The average new vehicle loan is more than $30,000 while the average student loan borrower owes $37,000 at graduation. The average household with credit card debt owes more than $9,000. That's a lot of debt that can hold you back, keep you from saving, and make it difficult to get out from under the debt.

 

 One of the easiest ways to save money is to always pay more than the minimum amount due on your loans, even if it's not a lot. This reduces your interest charges and even paying a little extra can shave years off the loan. If you're ready to get serious about paying off the debt for good, the most effective way is known as the snowball method which focuses on paying down the account with the smallest balance first before moving on to the next.


#4. Spend more time at home

If your budget is broken every month, it's probably due to eating out, going to the movies, parties, and other forms of entertainment outside of the house. Try committing to spending more time at home for a couple of months. Make it fun by hosting potlucks with your friends and movie nights at home. Instead of meeting friends at the bar or restaurant, have a pizza party at the house and make your own pizzas.


#5. Renegotiate your recurring contracts

A large chunk of your income probably goes toward recurring bills like your cell phone, internet, and cable TV. When your contract is close to expiring, negotiate for a better price or shop around. While providers are always running specials for new customers and advertising low rates, these teaser rates usually expire after a year. As an existing customer, you can pay less by simply asking.


#6. Refinance or consolidate debt

All types of debts can be refinanced or consolidated. With a mortgage, it's usually recommended to refinance if you can get a new interest rate at least 1% lower than what you pay now. You may need to pay closing costs upfront but they can also be rolled into your new loan to potentially shave anywhere from $50 to several hundred off your mortgage payment. You can also refinance other types of loans.

 

 With credit card debt, transferring the debt to a new low APR or 0% intro APR credit card can give you time to pay down the debt with no or very low interest charges. Just make sure you do the math with a balance transfer calculator because you may need to pay a balance transfer fee of around 3%. To demonstrate how much you can save, imagine you have a $9,000 balance on a card with a 16% interest rate. You can transfer the balance to a new card with a 0% intro APR for 18 months followed by a 13% interest rate. You have to pay a $270 balance transfer fee (3%) but the debt will be paid off in 48 months instead of 320 months with a savings of $6,749.

You can also consolidate multiple debts, even different types, into a new low interest loan for a single monthly payment and a lower interest rate.

Lee Flynn is from the Wasatch Mountains near Salt Lake City, UT. After Lee spent years preparing himself, his home and his family, he decided he had to do more. In his free time, Lee helps educate those who want to do the same. Through small local workshops and articles, Lee trains and teaches others on home preparation, food storage techniques, wilderness survival and self reliance. After obtaining a bachelors degree from the University of Utah, Lee moved to the Salt Lake Valley where he now lives with his wife and daughter.

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Your employees can make or break your business, and that is why you need to spend quite a bit of time on the hiring process. Attracting high-quality employees to your business requires much more than competitive wages. Young professionals want a positive work environment, great benefits, and flexibility. They also want to believe in the products and services that they are selling. Here is a closer look at some steps that business owners can take to find and hire the best employees in the Philadelphia area.


How To Attract High-Quality Employees In Philadelphia

Do Some Research on Salaries


Establishing a fair salary range is more complicated than most business owners realize, and that is one of the reasons why so many struggle to find decent candidates. Instead of basing the pay off your own budget, you should do a little bit of research on the position itself. One of the easiest ways to research a position is to look at local job boards. Once you know what other businesses are willing to pay, you can then set a salary range for your open position.

Offer Unique Perks


In addition to traditional work benefits, you might also want to consider offering unique employee benefits and perks. One of those perks might be allowing your employees to set their own hours within reason. Allowing your employees to come in at 11 a.m. and leave at 7 p.m. could help them avoid rush hour traffic. Some of your employees might also enjoy working from home a few days a week. Those unique benefits won’t cost your company that much money (or any at all), and they will be great bargaining chips when it comes time to negotiate wages.

Emphasize the Company’s Location


Philadelphia is an excellent place to live, and you should try to emphasize all of its best qualities. Candidates from the other side of the country might not realize just how much Philadelphia has to offer. You might want to advertise nearby hiking spots, ski resorts, or high-end restaurants. Most employees are very concerned about their quality of life, and that means their wages aren’t the only thing that you should be advertising. For long-term positions, your job listings should include the state of the housing market as well. Before accepting a position, most candidates will do some research to see if they can afford the move.

Utilize Incentive Programs


Your candidates will be more likely to accept your offers if they have something to look forward to. Contrary to what many business owners believe, incentives don’t necessarily need to be cash bonuses or gift cards. Small gestures, such as offering employees an extra day off at the end of the week for completing a project, can make a big difference. You can also offer in-office incentives like buying lunch after a big sale or giving a particularly efficient employee a better parking spot. Public recognition for a job well done is another simple and inexpensive way to motivate your employees and create a better work environment.

Promote Other Pursuits


Striking the perfect work-life balance is a major concern for most young professionals. When writing your job listings and interviewing candidates, you need to make it clear that you support your employees no matter what they are doing. Some candidates may want to go back to school at some point or start a small business on the side, and they might not accept an offer if they feel like they won’t be supported by their future employer. While pursuing other hobbies and freelance work, your employees are also going to learn invaluable skills that they can bring back to your company.

 

Even though hiring world-class employees will take a little extra time and energy, the results are going to be worth it. Every person that you hire should be thought of as an investment in your company’s future, and you want to be absolutely sure that each investment pays off.


Brett Clawson is a business owner and entrepreneur with over 10 years of experience. In his free time, he enjoys writing and learning about emerging business trends.

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Looking for a change in your life, a place to grow, or the perfect area to raise your kids? Consider the beautiful city of Philadelphia! Philadelphia creates passionate, driven, and confident people. So long as you do not get on the wrong side of a Philadelphia resident, they are friendly and full of love.

 

In this article, you will get to learn what it is like living in Philadelphia. How Cloudamize Yielded 52% a Year for Local Philadelphia Investors

1. Local flavour

Since Philadelphia is one of the largest cities in the country, most of the local events are held there. Some examples of the famous events are the Famous Friday art galleries and Mummers Parade. Every New Year’s day, people wear costumes and listen to good music as they walk down Broad Street. If you are looking for entertainment, you need to visit this town.

 

2. Cuisine

If you want to have peace with Philadelphia residents, do not argue with them about their cheesesteak. The truth is that everyone believes that their cheesesteak place is the best. For the locals, the most popular restaurants are Campo’s Deli and Sonny’s Famous Steaks. On the other hand, places like Geno’s and Pat’s mostly accommodate the tourists. Due to the revolution of food, so many new restaurants are coming up in Philadelphia.

Photo: www.sonnyscheesesteaks.com

3. Nightlife

As a result of a young community, the nightlife in Philadelphia is excellent. One of the most popular entertainment areas is South Street because it has so many restaurants and bars. The old city neighborhood is a beautiful place. This city has got many performing arts with things like ballet and theater.

 

4. Weather

Philadelphia is a huge city that gets to experience all four seasons. During spring and fall, the days are generally perfect. Additionally, winter and summer are also equally brilliant. However, people who have lived in Philadelphia can tell you that summer and winter can become extreme. The good thing is that people are well-equipped for any changes in the weather.

 

5. Crime and safety

Before someone decides to relocate to a specific place, they have to know the security condition. In the past, Philadelphia had a reputation of being a tough city. Thankfully, the rate of crime has dropped drastically. Over the past decade, overall crime has fallen by 11 per cent, while crimes that involve violence have declined by 14 per cent. Therefore, it is safe to say that Philadelphia is a secure city to live in.

 

6. Commute

Even though Philadelphia is a huge city, getting around is easy. Their transport infrastructure is excellent because it has buses, trains, and trolleys that help the locals maneuver their city. Additionally, the interstates in the city of Philadelphia make it very easy to drive around anytime. In the USA, Philadelphia is the fourth most walkable city, meaning you do not need to have a car or any other means of transport to get to wherever you are going. For people who have to drive their vehicles, the average time you can take during rush hour traffic is 30 minutes moving from one point to another. In the city of Philadelphia, most drivers prefer to own jeeps because of availability of spare parts and durability.

Eagles Super Bowl parade!

7. Cost of living

With all the amenities available in Philadelphia, it is shocking that life is affordable. You can buy a house for $100,000, something that is impossible in other big American cities. The cost of living in Philadelphia is only 6 points higher than the national average.

8. Local sports

When it comes to sports, there is a straightforward rule: never argue with a Philadelphia fan. Whether you are discussing teams like the Super Bowl champion Eagles or the Sixers, Philadelphia fans are willing to die for the team they support. They will go out and cheer their teams all year round.

Conclusion

If you are looking for a city to settle in, you should consider living in Philadelphia. This beautiful and culture-rich state has something for everyone, no matter what your personal preferences are.

 

Dawn Castell is a budding entrepreneur. After graduating with her MBA, she spent a few years working in the CPG industry and a few more working in the business tech industry before she set off to start her own business. She has been consulting with businesses, large and small, on the side ever since.

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Entrepreneurship is in nowadays and everyone wants to start their own business. Whether you have firsthand experience at building a business from the ground up or you're completely new to the idea of entrepreneurship, the first hurdle to tackle as an aspiring entrepreneur is learning how to start a business with almost no money.

Broke, but Building a BusinessPhoto: simpleeconomist.com

Entrepreneurs with little to no capital start small businesses all the time. If you're wondering how you can build your new business with no money, read on.

1. Limit Yourself to the Bare Necessities

By focusing on the bare necessities of your business, you'll be able to cut out any superfluous costs and stick to the bare bones. At the very beginning of your new business, keep everything as simple as possible. Wait to hire any employees, try to buy recycled or used office supplies, and only produce items that are within your budget.


While trying to cut back, keep in mind that you will need to cover a few legal expenses. Look into the cheapest options for handling any licensing fees as you set out to create your business. While these expenses are unavoidable, microbusinesses can be started at just $1,000.

2. Start with Self-Employment

You don't have to make the jump to "business owner" immediately. Consider running your new business as a self-employed individual. This time would act as a "warm-up" or buffer period, allowing you to avoid many of the initial costs of starting a business. As you start to pull in some revenue, then you can begin to legitimize your business by filing the necessary paperwork.

3. Outsource and Crowdfund

Outsourcing and crowdfunding are greats way to help you cover your startup costs. With outsourcing, you'll be able to raise capital for your new company relatively easily. Start with people that are close to you like your family and friends to see if they are willing to donate to your new company.


Similarly, you can approach angel investors by offering them stock in your company for startup capital. Venture capitalists are another option as well, as is crowdfunding through the Internet. Applying for grants and loans from the government and banks is also a great funding alternative to consider when looking for capital.

4. Teach Yourself the Basics

Any business today must have the basics of a website, social media, and blog. While you may be tempted to reach out to a professional web designer, you can do all of the basic startup stuff by yourself. With tutorials on the Internet, you can learn the best language for web development and create a stunning website on your own.

5. Start a Business While You're Still Employed

While your burgeoning company may eventually require you to quit your day job, don't do it right away. Keep earning money at your current job as you work to build up your small company. Though it may be difficult to burn the candle at both ends, it will be worth it when the time comes to throw yourself entirely into your new company.

6. Apply for a Credit Line

Many startups combat any initial costs by getting a line of credit. To make this option work for your company, try to find a card that allows for a 60-day payment term rather than the standard 30-day term. Similarly, when using a line of credit for your business, only by the bare necessities to avoid starting your new company off with debt.


Entrepreneurship is challenging but it doesn't always have to be costly. Use these six tips to help you successfully navigate your way through starting your new business with a shoestring budget.


Dawn Castell is a budding entrepreneur. After graduating with her MBA, she spent a few years working in the CPG industry and a few more working in the business tech industry before she set off to start her own business. She has been consulting with businesses, large and small, on the side ever since.

Register NOW with Philly2Philly! 

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Photo: simpleeconomist.com

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