effective organization

Things you need to know about an Effective Organization

New concepts and techniques in managing for an effective organization and different attitude in management roles are needed in successful implementation of recommendations from Business Consultancy Firms. To achieve an effective organization you must have the ability to adapt strategy and behavior to environmental change in the future.

Consultancy firms help a company’s future capability by achieving an effective organization. Enhancing a business as a whole means enhancing the departments that need improvement.

Recommendations must be studied accurately to acknowledge the things that may hinder its successful implementation. A perfect idea may be efficient for one department but could also affect others in a negative way. Reasons why a problem is occurring may not only be one or two. Consider a wide variety of options that is related to it.

Asking suggestions from the people closely involved in the problem is a great weapon to solve it. Communication and motivation are extremely beneficial and efficient when it comes to improving the harmony and productivity in the company.

 

Contact Sage Solutions Philippines for business consultancy services. Just follow the link: http://www.sagesolution.com.ph/contact/

employee mgt

Staff? What should I do? (Employee Management)

If you have a business or planning to put up one, you have to know what to do with your staff. You have to know Employee Management. Your employees are the body parts of your business so you must know how to take care of them for your business to be successful.

When you have a new employee, make sure that they will receive a powerful orientation and productive training process. They have to know what to expect, what to do and not to do then throw little motivational sentences to give them fuel and excitement to start their tasks. This will help to keep your company in the right direction.

You are everyone’s manager so you have to be effective. You have to know how to motivate, encourage and develop your employees.

Next is you have to keep the fire burning. Once you have started the “fire” in your employee, you have to keep it burning and making the fire bigger. Motivate your employees to be more productive and happy while working. Encourage them to be a better employee than today. Help them develop their skills.

How are you going to motivate them? Start the day with a smile. Greet them to make them feel that you are accommodating. No one will approach you if you are frowning. They might be scared to talk to you. Always use “please” and “thank you”. Praise their work. Tell them what you feel in a nice way even if it’s negative. Always say something positive when you want to say something negative.

These are few tips you can do to manage your employees easily. If you can manage them well, you can manage your business well.

 

Contact Sage Solutions Philippines for business consultancy services. Just follow the link: http://www.sagesolution.com.ph/contact/

business skills

Business Skills You Need

Running a business needs enough skills. This is to make your business last. So what are the other important entrepreneurship skills do you need? In this website we have talked about Financial Management which is a major skill business owners must have. Below are few of the must-have skills of business owners:

Making Friends. Not just ordinary friends but entrepreneur friends. Why them? For sure, they know what you are going thru. They know the struggles you are thinking of, the new business ideas you have come up with and the successes you are happy about. They can give you insights about your business.

Identifying of strengths and weaknesses. This is very important for decision making. Business owners should know what their strengths are and focus on their weaknesses. If you are weak in marketing then hire someone who is great at that. Those are the decisions that can make a big change to the company.

Hiring of exceptional employees. You have to know how to assess an applicant for a specific position. The people that you hire will help you build your business so you must have the exceptional ones with you. The right people will bring you where you want to go.

These are a few skills owners need to reach huge achievements and stay in the industry for a long time.

 

Contact Sage Solutions Philippines for business consultancy services. Just follow the link: http://www.sagesolution.com.ph/contact/

Financial Management

Financial Management (Basic Money Management)

Financial Management might be the most important in a business. This is the blood of the business to make it run. Financial Management skills are needed if you want to start your own business. Here are some basic money management we want to share with you.

  1. Stick to the budget.

You have to plan first. Write down all your possible important expenses and forecast income. You have to know where your money goes and what your possible sources of money are.

  1. Spend on what is important.

Before you let your money slip off of your hand, think multiple times if what you are spending on is very important and useful for your business. You might spend on something that is useful at first then will just be stocked after a couple of months. Think wisely.

  1. Record everything.

Record every in and out of money. You have to track everything so you will not have to guess where you spent your money to. This is also to track how much you are spending on something like utilities, transportation etc.

Make a plan. A plan for next month, next 6 months, next year, next 2 years and so on. This will motivate you to exert more effort and managing your financials as well.

 

Contact Sage Solutions Philippines for business consultancy services. Just follow the link: http://www.sagesolution.com.ph/contact/

What’s your plan? (Writing a Business Plan)

Writing a Business Plan is very relevant. This is your forecast of what you should know, do and the possible results of your actions. This is for you to prepare and work for it. Here are few of the sections of a Business Plan.

 

Executive Summary

This is where you should write everything. This is the overall summary of your business plan. Write what you want your readers to know about your plan. It is better to state clearly your goal in your summary.

Business Description

Describe the industry of your business in this section. Talk about the present state and the future opportunities. Discuss different markets in the industry. Mention the factors that will be an advantage or disadvantage to your business.

Market Strategies

Market strategies are the ways on how you will target and inform individuals about your service or product. You have to know who your targets are and how you are going to reach them for possible sales.

Competitive Analysis

Strengths and weaknesses of your competitors are what you need to know in this section. This is to help you in making decisions and strategies. Know their strength and weaknesses and develop an advantage on your side.

Design & Development Plan

This is the description of a service or product, details of the development, incorporating the marketing and the budget needed to achieve the plan.

Operations & Management Plan

This is the regarding the teams behind the company. It consists of their tasks and responsibilities and the budget needed for each team.

Financial Factors

This is the overall computation of everything concerned financially.

 

Contact Sage Solutions Philippines for business consultancy services. Just follow the link: http://www.sagesolution.com.ph/contact/

Do Netizens Know You? Importance of Web Presence

In today’s market, you have to be known offline and online so netizens know you. Offline means physically and online means on the web. On the web, you can reach a lot of people from all parts of the world that’s why web presence is exceptionally important for companies. The more people see you online the more they will remember you. You can greet them, inform them about your company, and even sell your product online.

There are different ways on how you can have web presence.

  • Develop a Website. This is where everything about your company should be. Products or services, contact information, company background, vision, mission, and more. A website gives credibility and a good impression to a company.
  • Create a Social Media account. Facebook, Twitter, LinkedIn and Instagram are the most popular social media sites you can use. Social Media has billions of users around the world therefore almost all of the companies have an account to reach their customers.
  • Upload on Youtube. Youtube is also a powerful website. You can upload videos and gain a lot of viewers. Post videos about your products, services, or company events. Show people how happy it is to work on your company.
  • Be on Google Map. What if people want to visit your company? How will they know how to get there? Most people use Google Map. It is the fastest way to know the location of anything. So if you want to be searched, pin your location.

After doing all these, it is not the end. Yes, you have a website, social media account, uploaded videos and you’re on the map. But every day, everyone is updating everything. They will be on top. You have to do the same. Update your website by making blogs every week. Post on your social media account every day. Upload videos regularly if you can. Now, netizens will acknowledge your web presence.

 

Contact Sage Solutions Philippines for business consultancy services. Just follow the link: http://www.sagesolution.com.ph/contact/

business skills

Top 5 Most Important Business Skills Every Entrepreneur Must Have

Top five Most Important Business Skills Every Entrepreneur Must Have

The business scene can be very cut-throat. There are certain ways that every entrepreneur should be aware of to ensure that the business would remain competitive against other businesses. For the entrepreneur, there are certain skills that must be learned to become more effective as a businessperson and to ensure the success of a business. Every entrepreneur should possess many skills. This paper will list the top five skills that are most important for an entrepreneur to possess for his business to stay competitive.

The first skill that an entrepreneur should have is management expertise and skills. This skill set includes managing people within the business. This includes managing the recruitment, appraisals and performance management of the people within the business. As a business owner, it is also important to identify the strengths and weaknesses of your staff and work on that to improve their skills and help the business grow. Through this approach, you help the business in addition, the person at the same time.

A business owner should also have great leadership skills. Great leaders inspire people and for a business to run and become successful, the people running it should be motivated to work and become productive. A great leader knows how to run and manage his people. By managing his people well, the business can become successful.

Leaders should also lead by example. This means that what an entrepreneur wants his people to do should emanate first from him. A leader should also have a concrete plan on where the business should go to instill motivation to the people. By motivating the people in the business, their moral is boosted, thus allowing satisfaction among employees (Rietsema, 2016).

Creating a culture within the company is also an important skill that an entrepreneur should possess. The importance of having a company culture is crucial to the establishment of the values and attitudes of the people within the organization. By creating a positive culture within the business, it helps in retaining employees and creates a good image for the business. It also boosts the productivity among employees and promotes quality work (Kelchner, 2017).

Being efficient is a very important skill in business. By being efficient, an entrepreneur uses the least amount of input to create the greatest amount of output. Through this method, an entrepreneur can save on valuable resources by not requiring tremendous amount of time, effort and all other resources to achieve the desired output. Efficiency also means doing the business at a speedy pace without the need to spend extra effort. By being efficient, it builds more trust among customers and boosts their confidence in the business.

Running a business can be expensive. Therefore, it is important for an entrepreneur to possess a skill that will help him optimize the cost of operating the business. To help an entrepreneur achieve this, knowledge about obtaining the best pricing and terms for all purchases is important. Creating a standardized, simplified and rationalized platform, applications, processes and services for the business should also be at the forefront of any plan.    The goal is to reduce cost while at the same time driving the business towards success.

These are only some of the may skills that an entrepreneur should have for the business to grow. The success of s business would still depend on business environment. However, with these skills on hand, a business has a higher chance of making it big in the industry. Being an entrepreneur is hard work and these skills are only some of the many skills that an entrepreneur   should possess for the business to become successful.

 

 

 

References

Kelchner, L. (2017). Importance of a Healthy Corporate Culture. Retrieved from http://smallbusiness.chron.com/importance-healthy-corporate-culture-20899.html

Rietsema, D. (2016, September 29). Importance of Leadership in Business. Retrieved from http://www.hrpayrollsystems.net/importance-of-leadership-in-business/