Finance Business | BS-Business- Part 2

5 Tips for Overcoming the US Market

January 23, 2020April 30, 2020 - by Nathan Robinson

ONE: Pay attention to your business capabilities

The first important step is an honest assessment of your business. Developing an export market takes time: it’s not uncommon for producers to spend three years focusing, energy and costs before getting their first order. So when you focus on your export business, you need to make sure your local operations operate smoothly.

Obtaining export success can create volatile demand forecasts that lead to overstocking or understocking and production variations that limit the capacity to complete orders on time.

Exporters need to be aware that ‘niche’ and ‘small’ in the US is very different to Australia.

For example, if you win a contract with a ’boutique’ supermarket with 10 stores it might sound very manageable, but it’s not unusual for boutique” supermarkets to pull in over $300 000 a week in revenues.

Scaling up production quickly to meet increased demand ultimately requires increased investment for additional equipment, inventory, logistics, staff and marketing. Also, exporting adds an extra complexity to normal business cash flow management, particularly when costs outstrip export sales returns.

TWO: Research, research

Export homework should be rigorous. Discovering too late that a successful local brand cannot be used in the US can prove disastrous. You need to understand the business culture in which you will operate.

Socio-demographics for your product in Australia may be very different in the US where for millions of people, English is a second language. In addition to different customers and operating practices, you will face a variety of regulations, taxes, and documentation. You will also have different prices, terms of trade policy, and payment schedules.

Weather patterns in the US are extreme. Do not allow extreme heat or cold to damage the delivery schedule. You also need to take into account long distances in the supply …

Finance Business

Business Magazine And Their Types

December 24, 2019January 11, 2020 - by Nathan Robinson

You are a busy professional and want to keep yourself financially updated and that is the reason you never miss any kind of financial news. Intelligent business owners or professionals engaged in corporate companies not only keep their knowledge restricted to the financial news of the dailies but they also check for a deeper analysis of these news. To get a complete financial analysis, you will not have to read the scholarly journals. You can get detailed analysis of important business news if you read a quality business magazine. To make yourself aware of everything important for your industry, you should select the magazine that provides the best news for your sector.

Real Estate Business: If you are into the real estate sector and want to focus on this sector, you can read the magazines that specifically focus on the real estate businesses. These magazines will help you understand the real estate scenario of the present days and you will always be at a gain.

Stock Trading: Many people are now interested toward trading stocks. As stock trading is an uncertain business, you should keep yourself aware of the market condition every moment. For that you should obviously check the stock news but also you should not forget to check the market analysis provided in the magazines.

B2B: Nowadays, business to business trading has gained a huge popularity among the young entrepreneurs. This is comparatively a new form of business but that does not mean the competition in this field is less. If you are into the business to business trading field, you should have a deep understanding of each and every aspect related to your field. For that you should go through the experts’ analysis in the magazines.

General Economy: You can find business publications for almost each and …

Finance Business

How to Build an Online Business With 5 Easy Link Building Strategies

October 31, 2019January 11, 2020 - by Nathan Robinson

Link building is a process in which the inbound links are created on different sites back to your website. For any online business to survive, it needs maximum exposure and clicks by the surfers to generate the revenues. Link building is one of those the best Internet marketing methods use for this.

Inbound links drives the massive traffic on search engines to your online business website which makes it possible to target the niche for your products or services. The link building will also improve the page ranking of your site on the search engines which would bring your site better exposure.

To promote your business through link building, here are the best ways:

1) Write articles and blog posts about your business, products, and services and then publish them on the sites like GoArticles and EzineArticles. By publishing there, the link to your website would be included in the search engines, which will drive massive traffic for your website.

2) Bookmarking could be another method to promote the link to you website. Every person who would bookmark your article, it means he/she is creating another link for your website. Along with this, you can also bookmark your own articles on sites like Ma.gnolia, StumbleUpon and BuddyMarks, thus creating more links.

3) To bring in traffic, add a link to the website which is relevant but non-competitor to your business. When you get that link, send the email to website administrator and ask for individual link. Swap the links with few people every week to have the effects of link building.

4) Convert your website links into anchor text links. This anchor text link is the keyword you could use for the text of your hyperlink of your URL. What this means is whatever text you want attributed to their …

Finance Business

What You Need To Know About Captive Insurance

October 11, 2019November 18, 2019 - by Nathan Robinson

Captive insurance is the practice of a parent group, or groups, creating a private insurance company to cover the needs for itself and its subsidiaries. This type of insurance can offer many benefits and risks to the companies involved, so talking to a consultant to go over the specifics for your group can give you the best picture of your individual case. Many consultant companies in the captive insurance industry can also help you with the paperwork involved in creating and managing the captive as well as offer other benefits.

Benefits

One of the benefits you can get from captive insurance is that any dividends from a claim-free year can be put back into the group in the form of returns after retirement or dividends on a yearly basis. Other benefits include lower fees and coverage that better fits your needs. You can go over whether these benefits will work for your company type by talking to a captive insurance consulting firm and even get help setting up and managing the group captive.

Risks

One of the risks that you can take with captive insurance is that there will not be enough funds to pay a claim if the captive is small enough. This risk can be minimized by smaller companies or professional individuals, such as doctors or lawyers, band together with the help of a reinsurer. This can involve more fees to start up and can also involve more paperwork and more work for the reinsurer to manage the captive.

Working with a consulting firm for your captive insurance needs can help you get the right coverage for yourself, your company and your group. This consultant can go over the benefits and risks of this type of insurance as well as help you set it up and manage …

Finance Business

Are You Dogfooding Your Own Marketing?

August 23, 2019September 10, 2019 - by Nathan Robinson

Dogfooding, or, “eating your own dog food” is typically what happens when a company uses the products that it makes. Dogfooding in the context of marketing and communications, especially insofar as social media is concerned, is when an organization takes the time to leverage new age marketing technology to develop community, drive awareness and enhance the culture of its own organization before, as I always say to my audiences, “inflicting new media on their customers”.

Are You Dogfooding Your Own Marketing? — image source

So what, you say? Well, you may already know that digital and emerging media is outsourced far less than any other type of marketing activity. The reason is that any social media effort needs to be piloted by a true steward of the brand. The steward is someone who gets the convergence of the personal nature of social media and the cultural imperative for organizations who decide to truly engage with their stakeholders. That steward, and not the outside expert, needs to be steeped in the dog food that the organization is going to be shoveling out…

By dogfooding your digital and integrated marketing efforts, you not only become familiar with the tools and technology, but realize the desired effect of becoming a more approachable and conversational culture that drives business growth in the age of conversational marketing.

One caveat: You’re not the audience. Always keep your customer in mind. Dismissing something prematurely because it doesn’t work for you internally could just be a case of dogfooding myopia!

Are you dogfooding your marketing? Even if social media or geo-marketing efforts or that cool app you want to develop are far off, you need to be acclimating your organization today to embrace the challenges of tomorrow.…