Monthly Archive: July 2017

Techniques And Ideas To Start And Run A Small Business Successfully

Managing a small business can be a daunting task. Many people have great ideas and plans, but they sometimes lack the proper management skills for day-to-day activities. So learning few essential operational techniques can greatly enhance the operations of a small business and turn it into a highly successful company. Most importantly small businesses have to follow the below techniques & ideas for better sales.

Planning Techniques:

Your business may be small or big, but planning is an essential step. That is the element of running a business, & used to address potential challenges before they surface.

The benefits of planning are:

*Can minimize transportation costs,

*Determine the most efficient ways to assign jobs,

*Determine scheduling needs,

*Identify resources and new markets and coordinate large-scale projects.

Types of planning techniques:

One type of planning technique is to attempt, to quantify uncertainties, such as demand fluctuations or equipment breakdowns by anticipating their likes & dislikes and to develop strategies to prevent or overcome these challenges.

Another type of planning technique is “Strategic Planning”which allows business owners to identify short-term and long-term goals, and also develops steps to direct the company toward those goals. Even some businesses use planning technique as reviewing step, to evaluate the company’s past performances & to replicate or exceed its successes and avoid its missteps.

Organization Techniques:

Organized businesses have motivated, efficient staffs, according to their business levels, & online business resource. Below are few organization techniques:

*To be more organized select a method for rewarding and motivating employees that complements your business style and use this to reward standout behavior.

*Keeping the office or business storefront neat & clean by placing commonly used items in plain sight and eliminating clutter is another organization technique.

*Also making payments on time, regularly invoicing customers and keeping timely business appointments, etc… is a sign of an organized business.

*Now day’s computers are effective business organization tools, for accounting, inventory and scheduling deliveries to avoid error and provide easy-to-access digital duplicates etc…

Time Management Techniques:

Business owners are always busy people, but by following time management techniques, it can help them maximize productivity with less stress like,

*Managing time effectively by delegating tasks to employees, which could be able to handle the responsibility, freeing your time for more important projects.

*Another time management technique is, which involves automating tools, including linking email to your cell phone, using auto responders to field website inquiries, and making it easier for customers to purchase prepackaged offerings online to minimize phone calls and person-to-person contact, which can slow things down.

*The third technique is simplification. The article recommends accepting only credit card payments, for example, to eliminate lengthy trips to the bank.

*Consolidation can also save time. If your business publishes multiple weekly newsletters for customers, consider consolidating which takes less time to prepare.

Be lined up with Money:

Calculate, use & save money to bring your business to a good height. You can approach potential investors and lenders. Figure your financial fall-back plan. Don’t expect that just walking into a bank you can get money to start a business, this is a bad idea. Also traditional lenders don’t like new ideas and don’t like businesses without proven track records. So be Calculative!

Be Professional:

Give a professional look! Everything about you and the way you do business needs to let people know that you are a professional running a serious business. That means getting all the accoutrements such as professional business cards, a business phone and a business email address, and treating people in a professional, courteous manner, etc…

Don’t Mess Up with Legal Issues:

Pay Your Taxes! Get the legal and tax issues right at the first place itself. You have to keep this fixed in your mind always. It’s much more difficult and expensive to unsnarl a mess afterwards. Before you start your business, learn what your legal and tax responsibilities and operate accordingly. The following questions may help you in this issue.

*Does your business need to be registered?

*Will you have to charge GST or PST?

*Will you have to have Worker’s Compensation Insurance or deal with payroll taxes?

*How will the form of business you choose, will affect your income tax situation?

Get Clients or Customers first:

Do the networking as soon you have planned to start a business. Don’t wait until you officially start your business to line these up, because your business can’t survive without them. Make the contacts. Sell or even give away your products or services. You can’t start marketing too soon.

Following these, you can start a business smoothly, with a less stressful process.

Patternless Iron Casting with Nopatech – A Case Study

Nopatech- can do large patternless iron castings faster and in a more cost effective manner than ever before

When Nopatech- was developed in 2010, the money saved for short production runs was expected to be the most important advantage of this technology. Even though the savings are as substantial as anticipated, customers do not choose Nopatech- for this reason. Indeed, more often than not, Nopatech- is the technology of choice when time is of the essence. This was the case when a customer came to us with an order that would have seemed impossible five years ago from any iron foundry: two press castings of 7,200 lbs and two press castings of 6,300 lbs, both with extremely high level of details, had to be cast, cleaned up, painted and shipped in 8 short weeks. Five very good, very fast pattern shops where contacted and, depending on how busy they were at the time, lead times varied between 10 and 16 weeks just for the patterns. The very best lead time that could then be offered to the customer was 14 weeks. Not only was that too long, but the price tag was very high: $78,000 for the four castings.

A challenge for a modern iron foundry

Nopatech- had not yet done a patternless casting of such size with as many details but it was a very interesting challenge. Even without the fact that these would be done with a very young rapid prototyping technology that had not yet done parts of similar complexity, the castings presented other challenges. The holes in the four corners of both presses could not be done in regular no-bake sand because the heat would fuse the sand to the iron. But the real difficulty was the presence of a long cast-in steel pipe in the smaller press that had to move as little as possible during pouring because it had to be reached by blind machining at six different points.

A fast and cost effective rapid prototyping solution

During the first week after reception of the order, the 3D model supplied was modified to account for the necessities of casting; the model was scaled to account for shrinkage allowance and the gating and risering systems were added. A thorough fluid analysis was done on both castings to avoid in-mould turbulence or shrinkage during cooling, ensuring the structural integrity of all castings. A new challenge was found at that moment: because of the size of the castings, they would have to be kept in the mould for 72 hours after pouring. Since there was only one set of flask for the 4 castings; that would provide one more challenge for this order. Nopatech- started machining during the second week. Days and night, it continued machining sand so that a mere four weeks after order, the four ductile iron castings were cast. The parts were then cleaned and painted, ready to ship after 8 weeks, as promised. The total cost ended being $55,500, an impressive 29% less that the cost of traditional method. Even more impressive, if you account for the fact that the castings themselves cost $10,000 each, the cost of Nopatech- was only $15,500, compared to the $38,000 of traditional patterns. That’s an incredible 59% decrease in cost.

Why Should You Have an Effective Business Continuity Plan

All the businesses need to have a contingency plan in case of some problem with their regular operations. This problem can be anything from a natural disaster to power failure or an accident which may lead to collapse of day to day routine affairs. In the present times, when so much of our work is dependent on IT infrastructure, we should plan for the situations in case this infrastructure breaks down or comes under undue stress. This is exactly the kind of situations for which a business continuity Plan is required. This plan is prepared after an overall review of your entire operations by an expert agency. The experienced personnel who are generally the senior system engineers will evaluate the criticality of various operations and data processes and then prepare an alternative strategy to be adopted in case of their failure. Such a plan is very important for the quick revival and continuity of operations which may otherwise take a lot of time to recover and come back to normal.

Apart from being an operational necessity and a good working practice, a business continuity plan may be also be required for statutory purposes. More and more insurance companies and contractors are demanding that the businesses should have an effective contingency plan in place which takes over in case of any kind of breakdown and hence the continuation of services is maintained. There are many ways to go about preparing this plan. However the best way would be to hire a professionally Managed IT Services NYC company who has experience and expertise to handle such projects. Select a few of such listed companies and you can then ask them to give you a quote of the estimated cost of setting up and managing such a plan. Do look at the experience of the shortlisted companies and if it is possible, you may also review some of their completed assignments to see the level of coverage that they are providing.

Once you have decided on the company to work out the business continuity plan for your organization, you may then focus on the various parameters that are to be included in this plan. This will depend entirely on the nature of your operations. If your company provides web based services such as website designing and management or organic search engine optimization services, then your continuity plan will need to be quite comprehensive. The reason here is that any discontinuity is not going to affect only your operations but also those of your clients who have relied on your services. Thus a holistic review of your entire activities would be very crucial in determining the level of support that you would be requiring. One must follow the safest approach which is both effective and economical as the cost implication of the whole operation is also to be considered. Thus a company should prepare a business continuity plan which covers all their critical areas and is still within their budget.