6 Efficient Automation Tips for Business Processes in 2023

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Automation has become an integral part of businesses in recent years. It not only helps reduce manual labor but also provides a high level of accuracy, improves efficiency, and reduces errors. The success of automation depends on how effectively it is implemented in the business processes. Here are some ways to enhance business automation:

Identify the right processes for automation

The first step in enhancing business automation is identifying the right automation processes. Not all processes are suitable for automation. Identify the processes that are repetitive, time-consuming, and have a high chance of errors. These processes are ideal candidates for automation. Once you have identified the processes, prioritize them based on their impact on business operations.

Evaluate the available automation technologies

Once you have identified the processes to be automated, evaluate the available automation technologies. There are different types of automation technologies, such as artificial intelligence (AI), robotic process automation (RPA), and machine learning (ML). Each technology has its strengths and weaknesses. Choose the technology that is best suited for your business processes.

Integrate automation with existing systems

Integrating it with the existing systems is essential to enhance business automation. Communication with other systems should be possible between the automation technologies such as ERP, CRM, and HRIS. This integration will ensure that data is shared seamlessly across systems and the automation technology can access the required data to perform its functions.

Ensure data quality

Automation is highly dependent on data. If the data is inaccurate, incomplete, or inconsistent, it can lead to errors in the automation process. Therefore, it is essential to ensure data quality before implementing automation. This can be done by identifying the data sources, cleansing the data, and creating data governance policies.

Test and optimize the automation process

Once the automation process is implemented, it is essential to test and optimize it. This involves monitoring the automation process, identifying issues, and resolving them. It also involves analyzing the automation process’s performance and identifying improvement opportunities. Continuous optimization of the automation process can lead to increased efficiency and accuracy.

Train employees

Automation may require employees to learn new skills or adapt to new working methods. Therefore, it is essential to train employees on new processes and technologies. This will help reduce resistance to change and ensure employees can work effectively with the latest automation processes.

In conclusion, enhancing business automation requires identifying the right processes for automation, evaluating the available automation technologies, integrating automation with existing systems, ensuring data quality, testing and optimizing the automation process, and training employees. Automation can significantly benefit businesses, but its success depends on how effectively it is implemented and managed. By following these steps, businesses can enhance their automation processes and improve efficiency and accuracy.

9 Practical Tips to Dramatically Improve Your Work-Life Balance

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Maintaining a healthy work-life balance can be challenging in today’s fast-paced society. Many people work long hours, neglect their personal lives, and feel stressed and burnt out. However, achieving a better work-life balance is crucial to increase happiness and productivity in all areas of your life. Below are some practical tips to help you achieve a better work-life balance.

Set clear boundaries

One of the most vital things you can do to achieve a better work-life balance is to set clear boundaries between work and personal life. This means establishing specific times for work and sticking to them, and disconnecting from work-related technology during non-work hours.

Prioritize self-care

Looking after yourself is essential for achieving a better work-life balance. This entails obtaining enough rest, maintaining a balanced diet, and engaging in regular exercise. It also means taking time for hobbies and other activities that bring you joy and help you relax.

Learn to say no

Many people struggle with saying no to work-related tasks and commitments but learning to set limits and say no when necessary is essential for achieving a better work-life balance. It’s acceptable to put your needs first and decline offers that don’t support your personal or professional objectives.

Focus on productivity, not just hours worked

Instead of measuring your success based on the number of hours you work, focus on your productivity and the quality of your work. This can help you be more efficient and effective and ultimately allow you to achieve more in less time.

Make time for friends and family

Maintaining solid relationships with friends and family is integral to achieving a better work-life balance. Make time to connect with loved ones regularly, whether that means scheduling regular date nights, family dinners, or simply making time for a phone call or video chat.

Take regular breaks

Regular breaks are essential for avoiding burnout and maintaining productivity. Take frequent breaks throughout the day, whether that means taking a short walk, practicing meditation, or simply getting up from your desk and moving about.

Manage your time effectively

Effective time management is critical to achieving a better work-life balance. This means prioritizing tasks, setting realistic goals, and using specific tools such as calendars and to-do lists to help you stay organized and on track.

Be flexible

Achieving a better work-life balance is not always a straightforward process, and it’s essential to be flexible and adapt to changing circumstances. This may mean adjusting your schedule or priorities or finding creative solutions to balance work and personal life.

Seek support

Finally, don’t be afraid to seek support from colleagues, friends, or family members if you’re struggling to achieve a better work-life balance. Talking to others can help you gain perspective and identify new strategies for managing your time and priorities.

In conclusion, achieving a better work-life balance is essential for maintaining physical and mental health, as well as happiness and productivity in all areas of life. By setting clear boundaries, prioritizing self-care, learning to say no, focusing on productivity, making time for friends and family, taking breaks, managing time effectively, being flexible, and seeking support when needed, you can create a healthy balance between work and personal life that works for you.

3 Surefire Tips On Empowerment and How To Engage Your Employees

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With the different industries slowly opening up after being upended by the pandemic, business owners are now re-calibrating for immediate strategies to achieve their long-term organizational goals.

SKYBIZ, the business solutions arm of SKY Cable Corporation, rolls out some important tips and solutions that will help employers grow both their business and their employee’s morale in this post-lockdown era.

Encourage a favorable set-up

The remote set-up became the new standard in most businesses, employees are able to go on with their daily tasks while working in the comfort of their homes, connecting with their peers purely online. Now that a lot of industries have gone back to their pre-Covid set-up and with the hybrid work arrangement gaining popularity, business owners should allow for more flexibility for employees to get their work done either at home or in the office.

A comfortable working environment is crucial for employees’ productivity, performance, and job satisfaction. Whether you are working from home or back to the office, the physical space where work is done should be conducive for every employee to excel daily.

Engage professional and personal growth

A well-balanced life is something that both employers and employees should strive for. Businesses will continue to grow if their people also grow, hence, it’s important to make the workplace a safe place where employees can unleash their maximum potential professionally and personally.

Most companies have incorporated different activities and practices that can boost the morale of their employees. A shared activity outside the workplace like a Monday morning reflection over coffee or a Friday night sports fest will strengthen the working relationship within the company allowing employees to feel more at ease and closer with their peers.

Invest in tools that empower

With most of the work transactions and meet-ups done digitally, businesses should invest in a reliable service provider and solutions tools that will empower them to grow their business in this digital age.

SKYBIZ is extending its BizTastic BunDeals with its Biz Broadband Connect and BizFiber Connect plans that include reliable business-grade internet connection for SMEs suited for their day-to-day activities, bundled with a three-month Microsoft 365 and a voucher from ABS-CBN Dash or Grab.

5 Tips for a Safer Online Shopping Experience In 2023

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For many shoppers, the online marketplace has been one of the best features of the technological age – you get what you want without travelling to the shops and negotiating the long queues and the arduous effort of getting there. For business owners, it’s a cost-cutting strategy to get their products out without costly overheads.

However, how sure are you that you are not paying more than you think you’ve bargained for? Horror stories of buying fakes and low-standard materials have been seen on posts and other online platforms. So how do we protect ourselves from these possible threats?

It would be very hard to figure out if what you’re buying is the real thing or a triple-A imitation. So we sought out brand maven Barbs Aguirre-Miravalles, the Division General Manager for Fragrances of LUXASIA – the leading omnichannel partner for luxury beauty and lifestyle brands to reach Asia Pacific consumers for some tips to help consumers figure out what they are buying.

Find a reliable source

Most e-commerce platforms have a marketplace where in it is open to all resellers. It is difficult to spot authentic resellers from counterfeit resellers as most would put 100% authentic on their product pages. When in doubt, I recommend shopping at the retailer.com sites or brand.com sites so you can be guaranteed that the products come from the original sources.

Compare and review

It would help to read reviews, but it would still help to compare prices and product details/ specifications from the original brand websites to know what you are buying. Check the source of the products.

Beware of cheap items

Counterfeit items are sold at cheaper prices precisely because the ingredients/materials used to create this is not comparable to the authentic item. We suggest watching Netflix’s ‘Broken’ to understand the danger of counterfeit items. This is dangerous to one’s health, especially for cosmetics and ingestible. If the price is too good to be true, it probably is. You get what you pay for, so the lower money you spend equates to the quality you will receive in return.

To further help our readers, we dug deeper into precautions necessary for doing online purchases courtesy of the Australian Filipina:

Always make your purchases from a secure connection.

After clicking the link to the site, check out the prompt in the address field. It would usually read https://www, but if you read “Not Secure,” then it’s not worth your while.

Create a unique password.

If you keep on forgetting your password, get a secured password keeper like dashlane which keeps all your unique passwords that can be generated by the system or from a story of your life that no one knows about.

Be mindful of the information that you provide the sites

Identity theft is one of the most rampant crimes going around, and giving more information than you have to may just be the biggest mistake you can ever make. Standard information would be information on the payment method, shipping address, telephone number and/or email address. If the merchant asks for more, walk away.

Check the shipping details.

Some merchants charge exorbitant shipping fees that can turn a shopping bargain into an expensive mistake. Look to see if they provide tracking and insurance. Understand what carriers they use, and be particularly cautious if the item won’t be shipped within ten days.

Always remember, before you CLICK & SHOP, STOP & THINK.

Source: The Australian Filipina

4 Business Opportunities To Try in 2023

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Businesses are everywhere. With every second that we spend living, business is there. It is inevitable that you buy at every stopover or just by the moment that you can see that you don’t have toothpaste right after you wake up. Business is there, and it is there anywhere and at any time.

Is business really that important? Yes, of course. Imagine life without a business. Will you ever survive? Businesses provide products of all kinds to their customers. It also makes the best possible use of scarce resources with the aim of gaining profit from a specific kind of business or just a simple buying and selling transaction.

Engaging in business need not have a lot of capital. Some may be of low cost, and some may require high investment depending on the kind of business that you would like to engage. There are a lot of businesses that may be an option for you also, depending on the inputs that you have. Some may require real money, but for some, if you have the talent, you can already dive into your specialized business. Below are some that you can opt for.

Event Planning

If you want to start a small business, event planning is a sure activity. In event planning, you need the skills since this is a highly specialized kind of business. You can go for catering services or a wedding event planner. If you have experience organizing and planning a wedding, this is a business from which you can profit. It is also important that you should be sociable since this job requires you to meet a lot of different kinds of people. Event planning is becoming popular because most people now depend on someone to organize their events perfectly.

Dining Business in a Food Cart

Heard about fast-casual dining? This is not a fast food or a full-service, sit-down restaurant. This kind of business is believed to be a low-cost one and is the “in” now. Food carts’ profitability has been proven in major city areas. You can always start there. Franchising food carts are now available all around; you can grab one and start your own business immediately.

Affiliate Marketing

Marketing products have now gone online. If you have the skills in blogging and writing, this business is the best one for you. Affiliate marketing is earning a commission by selling other products on your website. One good thing about this is that you do not need to develop your product. All you have to do is promote the product you are selling and let orders come their way.

Candy Maker

Do you have the skills to make candy? Then you can start your own business right there in your kitchen. You can always make one and have your friends taste it; once they love it, you can start your little business.

Success in a business is indicated by how much you love your work. If it is your passion, go and let the world know that your business is the best.

Advertising vs Marketing: What’s the difference?

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Business owners often overlook the monumental difference between marketing and advertising. From colossal highway billboards, full-page print ads, recurrent radio ads, and primetime television airtime, there seems to be a lot more advertising than marketing strategies. While we acknowledge that both are of equal importance, a sense of balance and a strong distinction is necessary to come up with calculated strategies that will ultimately address the growth of any business.

Delineation: Advertising vs. Marketing

Advertising is a single constituent of the whole marketing plan. If marketing were to be a metaphor, it would be that big pie, and advertising is but a slice of the whole piece, together with other slices such as promotion and branding. Advertising is the clear articulation of the promises that you want to tell your customers. You advertise to create interest in your product or service. You make the customers want or need what you’re offering. Effective advertising will initiate the ultimate action plan – buying your product and generating repeat customers. It HAS to invoke a purchase or the actual consumption of your goods or your services. This will be the measure of its success.

Advertising involves ad placement in different mediums such as TV, radio, newspaper, direct mail, and the Internet. The placement, frequency, layout, and content should be concise, clear, and commercially captivating. It should make your product stand out and be memorable at the same time. With the plethora of competitors in the market, appeal is definitely imperative.

Marketing, on the other hand, is the bigger picture. Marketing is a system of strategies that are geared towards knowing your market better. It is a process where you focus on why people buy. What makes them shell out 100 dollars on lingerie and only 10 dollars on food? What kind of branding will get their attention? Will gold packaging really make them get your product when placed right next to a competitor in the supermarket? Marketing entails a closer look at your target demographics and their buying motives. Before you even advertise, you need to lay the basics of an effective ad that will capture your target market. From competitor research, sales strategies, media planning, pricing, advertising, distribution, and customer support, every detail needs attention and research to come up with a seamless marketing plan. All these factors should have a unified purpose to reach your business’s bottom line.

The Cliché Syndrome

In both advertising and marketing, you simply can’t use any more clichés and platitudes. A lot of advertisers and marketing professionals get stuck in hackneyed taglines like “We go the extra mile” or “Best in Business since 1910.” These are empty words that have become so trite that consumers are not buying them anymore. If you are in the process of making a marketing plan, be sure that you stick to concepts that will differentiate you from the rest of the people offering the same thing in the market.

Another common clichéd indication in a business is the use of seemingly important announcements with absolutely ZERO market value. For instance, a restaurant spends on advertising by displaying a big banner that says “Under New Management” or “Newly Renovated.” To the owner, this might seem like a significant feat or maybe even a big difference in customer perception. But to ordinary bystanders, this sign says nothing more than management troubles in the past. If the owner had taken the time to do market research, he would have known that people who eat in his restaurant come back because of the organic produce or the freshly squeezed juices that they don’t find in nearby food establishments.

This is the best example of poor advertising without market research because there’s definitely no market for “Conveniently Located,” “Newly Renovated,” “Wide Selection.” Not even for “Under New Management.” J

Five Ways To Protect Yourself Against Cyber Threat

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As the summer season is underway, people are increasingly taking holidays. Whether holidaymakers have chosen the beach, the countryside, the mountains, or an urban setting, one thing is certain: no one is immune to having their devices stolen or hacked while away from home. Cybersecurity experts at NordVPN provide travelers with seven tips for a cyber-secure holiday.

Back up your data

“My whole life is on my phone” — if this phrase sounds like something you would say, remember to make sure you have your phone’s contents backed up before you leave. After all, no one is safe from losing their phone or having it stolen. This also applies to the SD cards of your cameras.

Safe payment methods

Instead of your main bank card, use a separate prepaid debit card abroad. This card can be topped up with any amount you want. That way, if your card details are stolen, you won’t lose all the money you store there.

Take a portable charger with you

Don’t go out without your portable charger or a charging cable. Why not? Simply because charging stations can be a playground for cybercriminals. A USB/lightning cable can be modified by a malicious person, like in this demo made by a hacker in 2019.

Avoid public Wi-Fi

Using mobile data while traveling is always a good idea because it is encrypted. However, if you have no choice and need to use public Wi-Fi, don’t forget to use a VPN. This tool will protect you from cybercriminals, who can retrieve your personal data through a public network. They later sell the stolen data on the dark web.

Do not post your photos in real-time

Posting a picture of your plane tickets can make your social media followers jealous. But more than that, doing so puts you at risk. It’s a perfect way for cybercriminals to find out your personal data and use it later for various malicious purposes. It’s also worth remembering that posting your holiday photos while you’re still away can be dangerous and can lead to robbery in your home. Whether your account is followed by hundreds of thousands of people or just a few, stay vigilant in all circumstances.

Keep your documents secure

Many people make a photo or a copy of their ID or passport in case they lose their documents. But this is not the most secure way to deal with your documentation. Unencrypted ID or passport scans and photos that you store on your phone can get leaked. Then you run the risk of your identity documents ending up on the dark web. A recent study by NordVPN showed that the American ID card had an average price of $76.45 on the dark web. The average price for an American passport was worth $20.77.

Use unique passwords

Create new passwords before you go abroad. If you have used the same password for all your accounts and one of them gets hacked, it puts the others at risk. Don’t hesitate to use a password manager such as NordPass. It will help you create sophisticated passwords to make life difficult for hackers.

“No one is safe from hackers, who are becoming increasingly creative in stealing and selling your data. It is worth remembering that a data leak can also happen to the service providers you use (hotels or transportation companies often get hacked). So don’t hesitate to ask how they store your data or what kind of encryption and other cybersecurity tools they use before giving your data to these companies,” Daniel Markuson, a cybersecurity expert at NordVPN, recommends.

5 Things To Consider Before Investing In A New Business

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For any investor, the essential thing is to see a return on their investment. The primary reason why investors put their money into a business is to make more money. However, the company investing data demonstrate that this is not always the case. Many investors have lost money as a result of a company concept that appeared to be “infallible.”

Investment is a business facet that necessitates meticulousness and a broad basis of financial understanding. Anyone who enters this profession must be willing and prepared to learn many vital measures for successful investing. This post will go over “5 things you need to know before investing in a new business.

1. Understand The Business Structure Completely

One of the essential things to know before investing is understanding business structure. A thorough grasp of the business structure is one of the things to know before investing in a new firm. This is significant because it will impact how the IRS and legal system evaluate liabilities and earnings.

When you begin to understand the company structure thoroughly, you will be able to predict the likelihood that the firm will fail. According to the Business Administration – about half of small enterprises fail within their first five years.

Understanding the business structure will assist you in determining if you will be personally liable for any unpaid debts or liabilities if the firm fails. As a result, we usually urge potential investors to consider carefully minimizing their responsibility.

2. Recognize The Importance Of Patience

Before investing in a firm, you should know that you may not see any profits for several years. That’s why we refer to it as comprehending the essence of patience. Any prospective investor must realize that investments are similar to seeds planted in a firm.

They, like seeds, require a certain amount of time before they begin to produce excellent harvests. You should be aware that the longer your cultivation period, the greater your profits. When you invest as a new investor in a business, you should know that the startup will require all the funds it can receive. That’s why patience is something significant that an investor must do before investing in a new business.

3. Conduct Your Research

Knowing the importance of all factors to consider before investing in a new business is essential. Before investment, do as much research as you can. This implies you must be familiar with the background of everyone involved in the business’s management. Before investing essential resources in a firm, you should research the industry and market competition.

In reality, you should request a thorough written business plan that includes the company description, market study, SWOT analysis, financial strategy, marketing methods, and so on. Making your study will assist you in determining whether the company has an actual plan to carry out its grandiose aspirations.

4. Interacting With Customers

Besides financial factors to consider before investing, interaction with customers is also essential. It is also beneficial to converse with consumers or customers. Collect as much consumer information as possible. First, we recommend speaking with at least 3 to 5 people who use that business or product.

The explanation for this is straightforward. You’re attempting to gain personal knowledge of how that thing feels and how valuable it is. You would also receive pertinent information on any flaws in the product or service that should be addressed.

5. Make A Diversification Strategy

It is essential to develop and implement a diversification strategy. As a private investor who only invests in two or three firms, your chances of success are small. According to Kauffman Foundation research, the standard technique is to have roughly 7 to 10 investments.

As a result, it is critical to determine how much you plan to devote to your asset class. The objective of diversifying your assets is to reduce risk while increasing your chances of success.

Last Thoughts

Follow the above five things you need to know before investing in a new business. The secret to successful business investment is avoiding investing money you cannot afford to lose. As a result, we recommend that you should not invest in a company where the only way out is through an initial public offering. Before investing, you should learn how to invest wisely.

Five Strategies Businesses Can Implement To Adapt To The New Normal

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SKYBIZ, the business solutions arm of SKY Cable Corporation, partners with Microsoft’s Crayon Software Experts Philippines, Inc. to help entrepreneurs and enterprise owners shift and grow amid today’s digital age of doing business as it conducted a special webinar event, showcasing the features of the all-in-one business suite Microsoft 365.

Alongside the introduction and demonstration on how to use Microsoft 365 to help in aiding business operations in today’s times, the event, in line with SKYBIZ’s ongoing Grow Together campaign, shared business tips and factors to consider to sustain work progress and productivity.

Here are some key takeaways from the webinar hosted by SKYBIZ and Crayon Software Experts Philippines, Inc. that would help small, medium, and large enterprises grow their ventures to new heights in today’s age of digital transformation:

1) Business alteration and reset

Indeed the pandemic has changed our way of living, including how we do business.

According to Crayon Philippines’ solutions architect Danica Francisco, many businesses are finding ways to make their businesses thrive amid these uncertain times, ushering the new normal in how we communicate and transact with our clientele.

“We’ve seen how businesses changed and shifted focus on making their ventures thrive. I’m not only talking about the large enterprises, even the small businesses. Here, we could see the resiliency of these businesses, some didn’t make it, but others thrived in today’s times,” Francisco shared.

Shifting to digital could be beneficial for many business owners in order to cope with the ongoing new normal set-up and make operations accessible and run more smoothly.

2) People are the driving force behind progress

Despite the ongoing shift in today’s digital transformation, people are still pivotal in driving success for all businesses.

With this in mind, companies and smaller businesses alike should continue addressing the needs of their employees to establish trust and bolster rapport in boosting work productivity.

Plus, considering a more work-friendly set-up for workers, including the implementations of work-from-home or hybrid arrangements, would be beneficial in promoting work productivity and safety.

“It is important for organizations and companies to address their current needs. We know that it is difficult to go to work due to these uncertain times with COVID affecting the transport sector. We need to think of how we can help our people to stay motivated at work,” Francisco added.

3) Real-time collaboration

One of the worries of business owners is how flexible working set-ups would hamper real-time collaboration, with employees now working apart from one another to maintain their safety.

But with the help of modern technology, including the Microsoft 365 business suite, businesses can run smoothly as usual with real-time collaboration applications that would help them interact with one another and continue doing their work together virtually.

Another vital factor to note in virtual real-time collaboration is to introduce a user-friendly interface so all employees, whether tech-savvy or not, can seamlessly conduct business activities without the worry of being left behind.

4) Strengthening digital security

Going digital may also introduce new risks, including cyber threats that would potentially affect one’s business.

From stealing personal information to breaching bank funds, investing in additional digital security measures is key to protecting all crucial data from hackers and other digital perpetrators alike.

5) Taking note of costs

Shifting to digital may also be heavy on the pockets of most businesses.

With costs in the equation, it is apt to find an all-in-one solution to cut costs while enjoying the benefits of virtual real-time collaboration and digital security.

This is where Microsoft 365 enters, providing a business suite for collaborating through its Teams app with access to all of the essential Microsoft Office applications, which is helpful in documenting and presenting their day-to-day progress.

Plus, its security features also ensure companies and business ventures that their vital information is locked in within their system to avoid potential digital threats, whether on mobile or on their computers.

Together with SKYBIZ’ reliable internet connectivity, users can fully utilize Microsoft 365 and integrate it in their day-to-day activities at ease.

Upon subscribing to SKYBIZ’s BIZBB PRO Fiber, it comes with speeds of up to 200 Mbps and free access to Microsoft 365, plus gift vouchers from Grab or ABS-CBN Dash to help in sustaining business growth in today’s digital age.

Business owners can also subscribe to SKYBIZ’s BIZTastic Bundeals, which also come with fiber business internet connectivity, plus access to Microsoft 365 and a free ABS-CBN Dash voucher. Promo is extended until June 30, 2022.

To know more about SKYBIZ’s internet plans and promo updates, visit www.skybiz.com.ph.

Top 3 Best Business Ideas For Every Aspiring Entrepreneur For 2022

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Being your own boss sounds just so enticing that most people leave the corporate world to start their own business. With the promise of time flexibility, an ideal effort-to-income proportion, and the chances of limitless growth, more and more individuals are venturing into the business scene and tinkering with their entrepreneurial instincts.

If you have been considering starting your own business but don’t know where to look for ideas, then this should be a good read.

Make Money from your Hobbies

There’s probably nothing more fun than making money from something that you already enjoy doing for free. Hobbies such as photography, sewing, cooking, and even gardening are a few niches that can turn into promising businesses. The key is making time to learn beyond the basics and to hang out with people who can help you improve your hobby and turn it into a moneymaking craft. If you simply like taking photos, then you may want to take extra photography workshops and become an events photographer in the long run. Occasions like birthdays, showers, and weddings happen all year round so if you take it seriously, your hobby may just land you frequent bookings for the whole year.

Craig Jenkins-Sutton, the owner of Topiarius, considered himself a green thumb and did gardening only as a hobby. He had no formal landscape training but his love for designing gardens has turned into a business with average annual revenue of $1.2 million. Megan Duck had a similar story from sewing. From her first project of sewing ornate linings for the coffins of her employer’s Halloween décor to the silk chandeliers that she made for The Mirage in Vegas, her average annual income from her sewing and rental business is now at $6 million. Both have been featured on the site Entrepreneur.com, and they continue to inspire new breeds of entrepreneurs across continents.

Turn your Network into a Pool of Talents

The 21st century has definitely changed the business landscape in terms of offshore and outsourced projects. From BPOs building operations facilities in Asian countries, to Western brands banking on offshore talents for services like accounting, design, translation, IT jobs, etc., you cannot argue that there is indeed a growing demand for a diverse and competent workforce who can get the job done without having to think of added operational expenses and employee benefits.

If you are one of the rare people who have quite a diverse network of skilled people, then this simple “advantage” can be turned into a thriving business. Third party vendors like agencies are becoming lucrative businesses because they bank on a local pool of talents those offshore providers are looking for. For instance, if you are an engineering major, you may have a lot of connections with a similar crowd. You may find it surprising that there are actually dozens of real estate companies who are looking for freelance teams who can do structural drawings and renderings on their behalf. A lot of Japanese, Chinese, and Korean students also run online to find English teachers who can teach from home. If you have friends or relatives who fit the bill, then you may want to connect them with these students. The trick is finding legitimate providers and matching them with the skills of the people who are already in your existing network. Just be sure that all terms and fees are set at the beginning to maintain a smooth and professional workflow for everybody. Remember, you want to build bridges while helping people and earning in the process. The last thing on your list is a fatal mismatch that can give your “agency” negative publicity. If your “hires” provide quality service, then referrals can come pouring in. Good output always translates to better business transactions.

A Pocketful of Passion

Most of us have passions. Genuine passion means loving something on a deeper and more profound level than just a hobby that you simply enjoy. Some develop a different passion for vintage cars and end up with an auto shop that specializes in car restoration. Your passion for instruments or the performing arts such as dancing, acting or singing can be turned into conceptualizing a small school where you can help more people share and develop the same passion as yours.

Terry Finley had an intense passion for horse racing which prompted him to buy his first horse at $5,000. With a lot of learning and advice from the pros, he has managed to build a business with 55 syndicated horses and 550 investors who also earn when their chosen horses are sold, bred, and even when they win those infamous horse races. Terry has mastered the art of the trade and decided to share his passion with the same people who loved the things that he was into. In the process, he was able to start West Point Thoroughbreds, a label that now earns around $6 million annually.

While being an entrepreneur takes a lot of technical strain in terms of cash flow, permits, and marketing strategies, newbies have to realize that they definitely need to start somewhere. They can start small, but at least take the first step and test the waters with one foot. Starting a business and building a label empire does not happen overnight but when you start to take off, you’ll realize that you’ve built a business that will be positively rewarding even after retirement age. By then, you’ll realize that those paperwork, sleepless nights, and zero months have finally become worth it.