Effective Business Management

The main aim of business management is to maximize profitability and ensure continuity of a business or company. To manage a business is not an easy thing and therefore you need to be trained and have experience before assuming this task. If a business is managed in a poor way it will automatically failor make huge losses that may not be easy to recover. The process of management has some roadblocks and if these roadblocks are not removed on time they become deadlocks. The leadership of a business must ensure that a business is managed both tactically and strategically because this will ensure accountability in the company. Nowadays technology and competition have made the management of business difficult and easy at the same time because for you to succeed in any business you must be smarter than your competitor. The business management consulting companies today have made it for companies to manage their business because you can hire them for advice and they can also assist you in making sound decisions. The coming of these consulting companies into play is very important because management has been enhanced and it’s now easy for companies to manage their resources and their employees. Here are some two tips that you can use to ensure effective business management:

Delegation of duties

Do you know that empowering your employees can assist you improve your business? Yes this is true because it enables the employees happy and makes them to work hard so that they can finish the duties delegated to them. Delegation of duties is very important in a company as it encourages empowerment and discourages micro managing which is slim. This is a very easy tip to implement in an organization and managers do this by using the foresight and the experience that they have. Employees of the employees is all about vesting authority in them and clearly communicating expectations and this in return makes it easy for you toaccomplish your desired goals and hence meet your targets. Delegation of duties is a good way of preparing one for leadership task. more details in this post: http://www.amherstburgchamberofcommerce.ca/home-business-marketing-made-easy/

Rewarding employees

What do you think is the effect of rewarding employees in an organization? When you reward employees they will feel recognized. The efforts and hardworking of employees in a business is what will make a business to succeed. This is a tip that should be implemented in a business because it’s easy and straightforward to implement. The way you remunerate your employees is very important and it matters a lot and therefore ensure that they are well remunerated and rewarded. Rewarding should be done often and more specifically after they have achieved something or after a company has made a good profit. Last but not least, Technological advancements like computers and software are what drives most business both locally and internationally. To succeed in business is not an easy thing but you have to plan well and gather all the available resources. In any business, business management software is a very important feature which helps in marketing, streamlining and organizing daily tasks.

Everything you need to know about commercial vehicle tracking systems

Commercial Vehicle Tracking Systems

Long gone are the days when companies would need to hire a manager to sit in the passenger seat to monitor the performance of the driver and vehicle. It can now all be done virtually by one software operator who can overlook a number of drivers and their vehicles at the same time using GPS tracking software.

Here is everything you need to know about commercial vehicle tracking systems and how they could help your business:

How does a vehicle tracking system work?

Vehicle tracking systems are not too dissimilar to the GPS systems that most drivers use on devices such as smartphones and sat navs, but it comes with a lot more benefits and ways to analyse performance. It uses global positioning systems (GPS) via satellites, which then send real-time updates and data to the software operator.

A piece of hardware is installed in the vehicle and the data is then beamed back to the manager, who may be assigning jobs or monitoring the performance of a driver.

Is it legal to track commercial vehicles?

Yes. It is perfectly legal in the UK to track your company’s vehicles. The ability to track mileage and other key data has proven invaluable to companies worldwide for insurance purposes and performance analysis.

It is also legal to track vehicles owned by employees and not by the company, providing the tracking stops at the end of the employee’s shift. It can be agreed with the driver that data will not be collected outside of working hours, or the driver can turn choose to turn off data transmission using a privacy button.

However, it is illegal under the Data Protection Act to track a vehicle without the knowledge of the employee.

If you wish to fit coverts tracker on your commercial vehicles to help in the event of theft, you are also obliged by law to inform the employee of the tracker and the data you will be receiving from it.

What kind of data you can receive

As well as the regular features that come with regular GPS systems, fleet management and vehicle tracking systems such as TomTom Webfleet are able to locate vehicles and give directions to the destination that may have been assigned to the driver of the vehicle.

Additionally, a lot more complex data is also detected, such as the speed of the car, driving patterns and the software operator will be alerted when the driver performs an illegal or aggressive manoeuvre, such as speeding or hard braking. This is ideal for monitoring the wellbeing and behaviour of the driver.

A lot of taxi companies opt for the software because most of the systems come with dispatching tools, which have been proven to dramatically improve workflow. The software allows companies to be able to give customers a more accurate ETA and accurate updates if the driver has encountered a problem or is running late.

Accident tracking, roadside assistance and anti-theft features are also vital tools that allow companies to act quickly and effectively if the data is showing that the driver may have been involved in an accident.

Things you should consider before choosing a vendor

Vehicle tracking systems are a big commitment for any company and it’s important to choose the ideal vendor so that your business benefits from the technology.

There are a lot of providers offering systems that are unnecessarily complicated. Always be on the lookout for a solution that has a simple dashboard and doesn’t require much learning to use. Make sure you try the software before you buy.

It’s also important to get the most out of the technology. Some vendors offer alert systems that will send texts and emails when something isn’t right with the vehicle or driver.

Before buying, also ask the vendor to prove that the GPS signal will be reliable and will not drop when the driver is driving through tunnels or has to leave the city.

Third-party integration is also highly desired because it means you can sync all of the data with your accounting and payroll.

Finally, should you ever encounter any problems with the software and require assistance, it can save a lot of time and troubleshooting by selecting a vendor that offers real, live person anytime help!

Xero: Accounting software for small businesses

Accounting software for small businesses

If you’re a small business owner, you’ll know that accounting can be time-consuming, expensive, and complicated, especially if you use one of the larger accounting software packages on the market. It takes valuable resources away from your business and is a hindrance to the growth of your business. If that’s you, Xero might be just what you need to free up your time and take your business to the next level.

Xero is easy to understand, it’s quick and it’s affordable. With Xero, your books can always be up to date and you’ll be able to take a snapshot of your financial affairs anytime you want – even from your mobile device – equipping you to make strategic business decisions on the go.

XeroWhat is Xero?

Xero is one of the fastest growing cloud accounting programs in the world with more than 700,000 subscribers in more than 180 countries. In 2014 and 2015, Forbes ranked Xero number one for the World’s Most Innovative Growth Companies.

Xero can be integrated with other programs, such as point-of-sale and payroll software. With over 500 add-on solutions, you’ll be able to do just about anything in Xero.

Xero is a cloud-based online program, which means that you can access your books from anywhere, on any device. You don’t need to make any backups, and more than one person can work on the books at the same time. You can also give your accountant access to help you with those tricky transactions you don’t know how to handle. For some programs, being in the cloud means that it is slow and not always available. Not with Xero. It’s quick and has a 99.97% uptime rate – by far the best in its class.

How can businesses benefit from using Xero

Working with Xero has many benefits. We can’t list them all here, but here are some of the advantages we think you’d like to know about:

  • You have real-time visibility of your financial position, enabling you to make business decisions on the go.
  • A specialist Xero accountant can access your books anytime from anywhere, and add value as and when you need it.
  • Xero is easy, quick, and it doesn’t break the bank.
  • You can import feeds directly from your bank, so you don’t need to input each transaction manually.
  • Xero supports foreign exchange transactions and it converts a foreign currency into your home currency automatically, so accounting for transactions across borders becomes a breeze.
  • Payments can be linked to invoices, so your customers can pay you with a click of a button.
  • You can attach documents to your invoices or bills – just scan or take a photo of your receipts or any supporting docs you want to keep safe.
  • Bank reconciliations are easy and quick. Bank transactions are fed directly from your bank; all you need to do is match payments and receipts with transactions. It even remembers how you treated similar transactions before.
  • You can customise your reports in a way that’s understandable to you so you can see exactly what you need to know to make business decisions.
  • Xero’s mobile app can be used on any mobile device. You can send invoices, record receipts and expenses and do reconciliations while you’re in the field, waiting for a train or in those five minutes before your dinner date shows up.
  • Managing your contacts is a breeze. You can have all your contacts in one place, make notes, view work history, import emails and even see their location on Google Maps.

Who uses Xero?

Anybody who wants more time running their business, doing the things they really love while still having time for family and friends, uses Xero. It’s perfect for almost any kind of small business, whether you’re a start-up, retailer, creative agency, service provider or a non-profit organisation.

Xero takes the pain out of accounting and frees you up to grow your business. You’ll always know where you stand. Are you meeting your targets, making a profit or having the funds to buy new equipment? With Xero, all these questions can be answered effortlessly and you’ll be able to plan and make decisions swiftly and efficiently.

Business Management – Top 4 Mistakes

Having good leadership skills is crucial when it comes to management, but it isn’t always an easy task. Whether you are management a department or an entire business you need to ensure you do a great job at all times. Usually, it’s the mistakes that lead to failure and it’s important to avoid this. Business management consultants HGKC have given us four of the most common mistakes made in business management today.

A Failure to Communicate

Communication is a must-have in business management. You cannot be a good manager or leader without communication and if your skills aren’t good enough you will sink. When there is something that needs to be done you need to sit with the people who will handle the project at hand and explain fully as to what needs to be done. You could set out specific tasks or duties for each team member so everyone is fully aware of what their job is and ensure all questions are answered.

Not Making Time to Listen To Employees

When an employee is worried about something, whether is about their job or something they have been asked to do, they may come to their manager and ask to speak. The worst mistake you can make is to turn them away because you don’t have the time to listen or you just don’t want to be bugged by their concerns. This is terrible because they may have a legitimate concern and you brushing them away will not solve the problem; even if it’s something trivial you need to make time to listen. Your leadership depends on your ability to listen.

Shifting Responsibility onto Others

Accidents will happen and when something goes wrong and it’s down to you, you need to be the one to stand up and take responsibility. Unfortunately, a lot of people don’t take their share of the blame which is a bad mistake. Business management is all about taking responsibility when you make a mistake. Yes your boss might be angry at you but that is all a part of the job. Passing the buck onto a colleague is never a good sign and your leadership will be questioned; and more importantly no one will trust you either.

Playing Favourites

Just because you have a family member or close friend on your team doesn’t give you the right to favour them over everyone else. One of the biggest leadership and management mistakes you can make is to show favouritism. It not only causes tension in the workforce but actually causes you to lose some respect as a leader. If you don’t treat everyone the same you are going to lose credibility which could cost you dearly later.

Be a Successful Leader

The old saying goes, ‘it’s lonely at the top’ and in a sense it’s very much true. When you are a manager you need to be the one to show excellent leadership. You need to be strong, willing to work hard and ensure all colleagues are happy. If you aren’t able to bring a team together and work as a team you aren’t doing a good enough job. Business management is tough but you can succeed as long as you avoid the mistakes.

Find out more in our featured post here: http://www.amherstburgchamberofcommerce.ca/business-management-methods/

Strategic Business Management Methods

Having a solid strategy when it comes to managing your business can often lead to success in the workplace. Unfortunately, many business owners don’t think too carefully about management and leadership, especially when they’re just starting up. Many believe management is easy, but unless you have some experience, it can be a very steep learning curve. Our friends over at strategic management consultancy HGKC have kindly given us some of their top tips.

Opt For the ‘Management by Objectives’ Method

This is certainly one of the more popular, if not controversial, forms of management today. For those looking to this method of management, they should find it to be a big test to their leadership skills. Management by objectives is all about setting targets and achievable objectives for your team. It can be at times a difficult method to put to practice, especially if those in the team around you aren’t cooperative. However, management by objectives is quite effective when used in the correct working environment.

Measured Performance

Another popular business management method to consider is the monthly goal tallies. Many managers take time at the end of the month to see how the team’s performance has been. This gives them the chance to see what goals are on track, which are failing, and also ways which can be improved. Measuring performances every so often can be quite effective when it comes to improving certain areas. Also, it gives most managers the chance to see which areas are excelling and which are declining.

Use Different Styles in Leadership If One Fails

Every manager has their own style or way of working and usually the people around them adapt to the change. Unfortunately, there may be an occasion or two when your style must change in order to see most results. Now, changes to leadership styles can be important, especially if it helps to improve productivity and creates a strong working environment. You might have a certain way in which you’re used to running things, but as times change, so do your tactics. Successful business management is full of ups and downs and if you do not adapt your style, things aren’t going to run smoothly. People need to see change and while you might not like it, it may be important to achieve success.

Find a Method That Suits Your Needs

It can be hard to take on a management role, but if you accept the challenge you have to be prepared for the responsibilities that follow. You are the one people look up to now and if you can’t do your job correctly or just don’t manage the team right, things will start to fail. That is why you have to think about what strategic business management methods are available and which will work best for you.

Succeed With the Right Methods

No one said business management was easy; and let’s face it, it isn’t in any way simple, but it actually can be. If you take the time to find out about the different management methods and find one which is suitable for you and your business, things can run smoothly. Your leadership will never come into question as long as you have the right management methods behind you.

Find out more informations and methods here: http://smallbusiness.chron.com/main-methods-top-managers-use-control-organization-32342.html