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Business Clusters Are Often Underutilised For Business astonishing Growth-3

Bobby Jansson

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Business Clusters

The task of any entrepreneur Business Clusters, in the stage of the onset of a business or already, has established a venture, is formidable as many functions will have to be well thought out and implemented.

As the number of new and emerging businesses is growing day by day, taking decisions to gain better market share, customer base and higher percentage sales become even more daunting.

It is primarily for the cases of newly set up start-ups which are in the process of establishing itself and on a slight growth mode.

After the initial scratch of many things like:

  • What kind of business model,
  • How many partners
  • Converting the idea into a marketable thing of reasonable valuation,
  • Manufacturing process and
  • Even employee appointments to train them to offer service offerings,

It comes to a significant decision of considering the location where the business is to be set up and run.

It might be that for the starting, the entrepreneur would have used a small space, but, when the operations are getting to grow the need for better premises is only questionable.

The office premises have a significant impact on the manner of functioning of the business along with the capability to attract may customers and clients.

Besides, in this realm, the concept of a business cluster is worth throwing some light upon.

Business Clusters

WHAT IS A BUSINESS CLUSTER??

Business clusters are geographically concentrated spaces offering to give a platform of similar business working in the same industries along with the ample scope for resource sharing.

Many new and emerging business start-ups tend to occupy a similar type of official premises either in the form of co-working or co-sharing because of them all working in the same domain area or industry.

It invariably gives a Competitive value-added advantage. Thus, business clusters are termed Competitive advantage cities as the full working knowledge of the sector is readily available.

TYPES OF BUSINESS CLUSTERS

A business cluster is of two types, namely:

Vertically integrated clusters

Wherein, a buyer and seller relationship are established, and the scope for sales is enormous along with other players of a similar industry to compete with.

Horizontally integrated clusters

It is a common market for products of all businesses, and in this, a large pool of all types of elemental things required for a business is shared. Like:-

  • A common technological base
  • Similar raw materials supplies
  • Infrastructure
  • Legal sanctions
  • Roadways and transport

Many small and emerging businesses faltering in not being able to meet some cash flow crunch can make use of 100% guaranteed loans by online lenders.

By providing a co-signing party who would guarantee and assure of the repayment of the entire loan amount, unsecured as well as secured loans can be availed easily.

Even those people who for the venture require some gap funds can avail this type of loan, despite them having some bad debts to be paid off and a low credit score.

BENEFITS OF BUSINESS CLUSTERS

Below mentioned are some benefits of making use of business clusters as office location:

NETWORKING

When a small and emerging start-up sets up its office in premises where similar start-ups are functioning along with the established players of the same industry, the list of advantages is just plenty.

Sharing of ideas, resources, and even getting to know better about the type and quality of human resources makes it even more attractive.

The opportunity for networking and building business contacts is even more apparent to gain new and better customers and clients.

Free sharing of trade information accompanied by the usage of the common facilities ensures that one does not lag in terms of coming to know of industry trends and awareness.

GROWTH 

A start-up located just at the residential premises of the entrepreneur has far fewer chances of getting good clients and customers than one that is located in a famous business cluster.

The locality and its image draw in various kinds of people towards the business idea how so ever novel it might be and its chances of getting success, in turn, are guaranteed.

More customers and clients of high reputation will ensure that the efficiency level of the start-up gets speed up in delivering things.

Thus, it is leading to faster growth in comparison to any other premises.

TALENT ATTRACTION AND RETENTION

The cluster space is a platform where many types of skilled and other qualified people may be employed.

For a start-up to get an excellent sight of how things work in their industry along with the right talents and their work will make its human resource function very easy.

Employing people as experts in domain knowledge of the industry becomes far more accessible with the help of networking and co-working.

Thus it is gaining excellent and talented employment along with a high possibility if their retention for the long haul is ensured.

INNOVATION AND RESEARCH 

Additionally, a venture having its office in a business cluster can engage its resources in useful innovations and research to bring forth value-added offerings.

The presence of similar companies in the same industry will lead to the regularly updated knowledge of their latest offerings and upgradation in business processes.

It will enable others also to follow suit in taking necessary research and innovations, have a competitive mindset, and gain market share eventually.

We all are very well aware that taking a loan and furnishing a guarantor for it is very difficult.

Even if a near and dear one agrees to it, then the thought of depending on someone to bail us out in times if a financial difficulty does not feel right.

In this case, the perfect solution to this problem is loans without guarantor by many reputed finance companies.

Many finance companies grant various kinds of loan products with many privileges.

It is one of the best privileges that anyone finding it difficult to gain significant funds without providing any co-sharing facility can do so through these loans.

Very convenient to apply and even get the whole amount of funds credited the very same day, these lenders are just pure blessings.

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BUSINESS

How Lily Adrianne found her passion for property investment in New Zealand

Umar Nisar

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How Lily Adrianne found her passion for property investment in New Zealand

At just 27 years Lily Adrianne, a model from New Zealand, owns 11 properties.  After buying her first house in Auckland at 24 years she was motivated to buy even more property.  Life wasn’t always so easy. Before she found success, she was broke with a destructive boyfriend. It wasn’t until she had the courage to try modeling that she was able to break free from her boyfriend and earn her freedom.

However, Lily explains she plans to embark on a new venture in the property investment called house flipping. The practice has over a decade’s long history, with many investors assuming it’s an easy way to make a quick buck. Is it true? Here we demystify the myths.

What is House Flipping?

It’s a real estate investment strategy that allows the investor to purchase property, not in use, to sell it for a profit. The profit results from price appreciation from a booming real estate market or capital improvements made on the property. For example, an investor may purchase a property in a high-end neighborhood, make renovations, and offer it at a price that reflects the new upgrades. Investors who use this strategy generate a steady flow of income by performing frequent flips.

Myths about House Flipping

It’s easy to Flip Houses

The truth is that if you don’t know what you’re doing flipping houses can be a big challenge. According to new research, only 3% of homes sold during the recent New Zealand property market boom were flipped with 14,588 properties being resold within six months out of the 647,133 homes sold between 2013-2018.

In addition to fluctuating housing prices, the investor has to find trustworthy contractors to do the work on time and sometimes even insurance claims experts. If the work isn’t done correctly or on-time it can derail the entire project.

House Flipping is a Get Rich Quick Scheme

While the practice can help build wealth, you may not realize profits immediately. Many investors overlook costs such as interest costs, legal fees, renovation costs, and real estate fees, which have to be factored in the final selling price.

Income Earned is Not Taxed

This is another myth that lures first-time investors into the practice. On the contrary, any investor trading properties on a large scale is liable to pay income tax. The government has also imposed another tax called bright-line tax on properties sold within five year of purchase. What’s more, if you have a history of buying and selling properties, you may be liable for other types of tax.

House Flips can be Done Quickly

Many investors assume that home improvement projects can be done in a month or less. On the contrary, house flipping is a complicated process that can be extremely time-consuming. You have to deal with permits, homeowners insurance, title insurance, taxes, closing costs, special assessments, and more sometimes. Experts who can flip a house in a month have plenty of experience and knowledge.

High-end Properties Generate More Profit

On average, an investor can only make $30,000 from a house flip. This means flipping a more expensive house doesn’t always mean more profits. Conversely, such properties incur higher holding costs because you have a limited target demographic.

Final Thoughts

Lily has shown that it’s possible to reinvent yourself and property investment is still a booming business. Avoid the myths above and you will be well on your way to earning a good living from flipping houses.

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BUSINESS

The Top Frequently Asked Questions About Melamine Tableware!

Umar Nisar

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Top Frequently Asked Questions About Melamine Tableware!

Melamine is a durable material that makes for beautiful products including dishwares and more. Before you purchase a new set of plates, bowls, or other products, it’s good to gain some knowledge about this versatile material.

We’ve compiled some of the most frequently asked questions about melamine dishwares along with some answers, so read on to learn more.

What is Melamine?

Melamine is a durable, organic-based material that’s used to make a variety of food-safe products. From plates and cups to bowls and cooking utensils, this material is durable, heat-resistant, and practically impossible to break which makes it a popular option for cooking and serving food.

There are many perks to using melamine, including that it’s extremely easy to clean and has anti-bacterial properties. It’s the best quality food-safe plastic material on the market today, which makes it a favorite among professional and home cooks alike.

You’ll find melamine that looks similar to ceramic or porcelain, but it’s much easier to handle and won’t shatter when dropped. Our melamine can handle heavy use and won’t show scratch marks or chips.

Is Melamine Safe to Use?

Melamine dishwares are usually food safe and BPA-free. This means that no harmful chemicals will seep into your food, since the products are food-grade and rigorously tested. Our melamine products are extremely safe when using them to serve food, however, they should not be used in a conventional oven or microwave.

If melamine comes into contact with direct heat, its integrity can be compromised. However, you can clean melamine in the dishwasher with no problems whatsoever.

Will Melamine Break?

One of the reasons many in the foodservice industry prefer melamine is because this material is exceptionally difficult to break.

While there may be instances of some melamine dishwares chipping if handled improperly, your plates, bowls, and other products will not shatter if they’re dropped accidentally.

Chine and porcelain can easily break or show chips if they’re dropped or abused. With melamine, your dishwares will last much longer since they won’t break, saving you money and time.

Porcelain dishwares need to be replaced much more frequently than melamine. Since melamine doesn’t show fork marks and scratches, it’s a prime option for restaurants, hotels, and other industries where food is served to the public.

How Does Melamine Handle Hot and Cold Temperatures?

Since melamine is an insulator and not a conductor, it requires very long-term exposure to heat before the material’s properties start to change. Most products stay cool to the touch, even when serving hot food. That’s because the food will not produce enough heat for an extended period to change the temperature of the melamine.

As a server, you can handle melamine easily without worrying about burning your hands like you would with some other types of dinnerware. You can also use melamine kitchen tools, such as serving spoons to handle hot soups and other hot food products.

Melamine is also excellent for buffets and cold foods since it’s a terrific insulator. You can use melamine food pans for cold products like deli foods, salad bars, and much more. Add some ice to your melamine product to keep plated items cold.

Where Would I Use Melamine Dishes?

Since melamine is exceptionally lightweight and durable, it’s a popular option for use in a range of commercial settings. You can use our melamine dishes in restaurants, hotels, aged care facilities, catering, and much more.

Choose a product that has a sophisticated look that’s similar to handcrafted ceramic to give your presentations an upscale look. Since this material won’t break, it’s a great choice for serving kids, the elderly, and in places with a lot of activities such as amusement parks. With its durability and lightweight feel, it’s a smart choice for a wide array of outdoor or high-volume applications.

How Should I Care for Melamine Dishwares?

To keep your melamine looking new, there are a few things you can do to extend its lifespan. If you want to soak your melamine before putting it in the dishwasher, use high-quality dish detergent and allow it to soak for as long as you need to.

Avoid using serrated knives on melamine, as this could damage the protective coating. Never use melamine products in a microwave or a conventional oven.

Do not use harsh abrasive cleaners on your melamine. You should also avoid using metal scouring pads or steel wool. Instead, use a dish towel or a light-duty scrubbing pad without any abrasives.

Don’t use chlorine bleach on melamine. If you treat your melamine products with care, they should last for many years before you need to replace them.

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BUSINESS

5 Reasons Why Businesses Need a Telephone Answering Service

Do you looking to use a telephone answering service for your business? Click here to find out the 5 reasons why it is necessary and might boost your business.

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5 Reasons Why Businesses Need a Telephone Answering Service

Why Businesses Need a Telephone Answering Service

Are you thinking of utilizing a telephone answering service for your small business? Often one of the key reasons that businesses would recommend providing telephone answering systems would be to minimize costs. Many small companies may not have the in-house infrastructure to make high volumes of calls available, particularly outside work hours.

Unfortunately, this may lead to unhappy consumers, a lack of future customers, and an unwanted burden on your company.

Running a company means, you have many things to do at the same time. That’s why any company wants to employ a telephone answering service to retain the confidence of its customers. Soon after the mobile answering service takes control of the phone calls, company owners may know how crucial it is to get one that won’t skip a call from a single client.

Because you’re mostly occupied with other facets of your work, you won’t want your clients to be overlooked. This will have a long-term effect on your company. In addition, a positive voice and a polite person would make a better first impact on your clients, and they won’t shy away from contacting you again.

Along with the ability to save your business money, there are many other ways phone answering services might boost your business. In this article, we will discuss some of the main advantages of using a mobile answering service such as Message Direct.

1. Never Miss a Sales Call

Sales call is the backbone of the business. What’s the point of wasting money on ads or some other part of your corporation if you’re not going to make yourself available to your customers? While a lot of transactions and purchases are now done through the internet, there are still a lot of people who choose to use the phone.

This is particularly true in the case of Harleys as not only do we sell our own experience, but we also feel that before purchasing services, our clients want to talk to a real human. Having only one sale a month from your phone answering service might mean it’s going to pay for itself.

At Harleys, we’ve set up our system so that if we’re late in the office and unable to answer the phones, the phone calls will immediately be patched to the phone answering service, which will give us a reply. Alternatively, where there is no one in the workplace, the telephone answering service will forward calls to key members’ cell phones, which they will then be able to screen and answer where they wish.

2. Saves Money

The money you make is going to grow as your company expands. However, it may be pricey to recruit someone along with the cost of a desk, a phone, a computer, and all the basics they need to perform their jobs, along with their wages, of course, and health insurance.

Many companies tend to work collaboratively to answer the call, meaning that workers who are still overwhelmed doing their own work have to answer the phone. This can have a huge effect on their productivity and therefore on their own jobs. That’s why having a telephone customer service feels like a steal, because you’re going to get the advantage of someone who’s well familiar with handling phone calls.

3. Book Appointments

In contrast to being available to answer all calls 24/7, the mobile answering service would be able to make appointments with the clients. Employ a mobile answering service that can handle all customers and provide you with multiple scheduling choices and ensure that the service you employ is efficient and protects the details of the customer.

The last thing you want is for your clients to mistrust you for violating their personal details. There are several explanations why you should seek a provider that offers several scheduling opportunities. 

4. Establishing Brand Loyalty

Telephone calls are, above all, much more sensitive than email exchanges. People find it a lot easier to get across an idea, with a lot less space for stuff to get stuck in translation than email. You can also express your feelings a lot more effectively on the screen. This can be a perfect way to make new buyers feel comfortable, and current customers feel appreciated.

5. Handles Hiring

A lot of time, manpower, and energy is going into the recruiting process, and with the big headache you’re going to have at the end of a full day of interviews, you’re also going to have to make sure that the new hires are doing well in the new climate, and that they’re relaxed. The method of recruiting people should be done by a professional service. This is going to lift a lot of weight off your back.

As phone calls can interrupt all of your staff, including yourself, having a designated mobile answering service can remove this and keep everybody concentrated on their jobs. You will see the satisfying results of recruiting a reliable service as the company thrives, and everyone will actually get the opportunity to focus on their jobs.

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When the quality of a whole operation beats expectations, you are on the road to growth and prosperity. Make call management service for you and provide the staff with the resources they need to continue delivering quality support so that the clients can keep relying on you for reliable, competent service. Remove frustration from an incomplete business phone service. Learn how HARTLEYS can be part of your development plan with quality services and customized messaging solutions.

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