Top 7 Ways To Future-Proof Your Small Business
Businesses occasionally face unpredictable challenges. You may have witnessed a company crumble when there’s a calamity, cyber-attack, or inflation. And yours isn’t entirely immune to such eventualities. Your business may lose its revenue and staff during such difficult times.
But it’s possible to adequately prepare for future occurrences and keep your business afloat. That’s the essence of future-proofing your business. It entails integrating sustainable models and tactical plans to ensure the long-term viability of your small business. With that in mind, consider the following top seven ways to future-proof your small business.
- Utilize Modern Technology
Information Technology (IT) is the most crucial aspect of business today, and you must invest in it to ensure your business will grow continuously. If you don’t have an in-house team due to a limited budget, as with many Small and Medium-sized Businesses (SMBs), you may want to hire a reliable Managed IT Service Provider (MSP) to keep your computing systems in check. They can help boost your expansion, profitability, and income.
Ideally, MSPs work remotely by handling your small business’ IT network needs and managing end users. In addition, the following are various ways how IT can help SMB’s:
- Prevent downtime: Downtime is a big blow to your business, considering how consumers today are seeking faster transactions. It can be a major turn-off, especially if it happens frequently. It may be rare for a customer to wait for minutes once they find your online site inaccessible. They’ll simply lose their cool and head on to your competitors. But, with an MSP, your business can proactively monitor potential causes of downtimes and prevent them. They have the techniques to help ensure your business functions continually, which can help avoid losing precious business hours.
- Boost enterprise cyber security position: Cyber-attacks, like phishing and malware, can make your business lose data and revenue to fraudsters. However, an MSP can help your business have better-refined security measures to safeguard your digital assets.
- Save money: IT is broad, and you may need several talents to set up a capable IT department. If you are operating a small business, you may not have enough cash to hire and maintain an in-house team. But, outsourcing an MSP provides you with a diverse range of professionals at an affordable monthly rate, so you can consider that option for your business.
Moreover, an MSP can assist in spotting major problems, strategizing quickly, and ensuring your backup system is always up to date. Setting up a sound IT system is a surefire way to future-proof your business, as you’ll always perform optimally.
- Pay Attention To Your Customers
Customers are a crucial aspect of any business. Therefore, you must consider their needs and look for ways to maximize their experience and establish customer loyalty. To begin with, always engage with your customers. You may want to leverage the power of modern Customer Relationship Management (CRM) systems, focus groups, or research to help collect customer data to know the specific pain points they’d like your business to address.
You can also monitor customer behavior patterns and trends to assist you in anticipating their future needs. If they require more from your company, address them as soon as possible.
- Maintain An Agile Business
Your business needs to be continuously agile to ensure you can survive in the future, given the external and internal factors that may stall your operations. To do this, you must quickly adapt to changes to ride oncoming storms and stay afloat. One way to remain flexible is rigorously training your staff and ensuring they’re productive even during hard times. You can also maintain an agile business in the following ways:
- Steering clear of long-term obligations
- Embracing modern ideas and innovation
- Distributing authority to make decisions
- Considering your staff’s feedback
An agile business can effectively handle any unforeseen changes promptly.
- Check Out The Competition
It’s best to constantly be on the lookout for your competitors’ actions and benchmark your business from theirs. Check the tactics, technologies, and techniques they use on their customers. It will help you determine the strategies you can implement for your business, but not necessarily copy them. Failure to keep up may see you losing customers to them.
- Engage In Sustainability Practices
Today, customers value sustainability, and that’s what they are looking for in a brand that they’ll patronize. They prefer companies that care about the environment by using eco-friendly production processes and manufacturing products that aren’t harmful to people and the ecosystem. You can leverage this fact by embracing sustainability practices that can help solidify your customer base, guaranteeing revenue for many years.
- Recruit Staff Who Are Forward Thinkers
Given the progressive nature of businesses, you need flexible staff who can easily adapt to constant change. In that case, consider innovative staff who can make savvy decisions to ensure the longevity of your small business. Your team members should always think outside the box and develop practical solutions for emerging challenges. Fast thinkers can adapt to any changes, no matter how abrupt they may be. It starts with recruiting the right talent and continuously upskilling them.
- Save Money For Rainy Days
It’s best to reserve money you can use in the future when times are hard. It’ll help ensure your small business can manage expenses even when revenue dips. You can use the funds to recruit talented personnel, procure equipment, or adopt new technologies.
Moreover, saving money can help you maintain ownership and avoid relinquishing equity during difficult times. Budget wisely and save money constantly to prevent undue financial strain and ensure business continuity.
Conclusion The business environment can change drastically, and you may be forced to close your shop if you’re unprepared. Thus, you must future-proof your business to ensure your operations are perpetual and no team member is adversely affected when difficult times come. By considering the tips mentioned above, you can guarantee your small business stays intact despite numerous setbacks.
Khalil ur Rehman is a proud born and raised in Abbottabad. Khalil has worked as a journalist for nearly a decade having contributed to several large publications including the Yahoo News and The Verge. As a journalist for The Hear Up, Khalil covers climate and science news. [email protected]
How Titan Decking Outperforms Other Decking Materials
If you’re considering replacing your old, worn dock decking or simply want to upgrade your pier or marina, you should consider a few things. Titan dock decking offers many benefits over other decking materials.
It’s designed to minimize damage from wind, waves, high water, and storm surges. It also won’t rot, warp, dent, or splinter and never needs staining or painting. Here is how titan decking outperforms others.
Titan Decking is made from 100% polypropylene plastic which is a sturdy marine decking material that will take all the wear and tear mother nature can throw at it. It’s UV protected to minimize fading and has a barefoot-friendly surface that stays cool in extreme temperatures.
It’s ideal for commercial and residential boat piers, marinas, and marine docks. It also works well for gangways, stairs, and section decking.
Installation of Titan Decking from this website is simple. Simply screw the individual boards to your existing dock system frame. They can also be assembled into panels that allow easy winter removal or access to water dock utilities such as electrical and plumbing.
Unlike composite decking, which can be prone to cracking and warping, Titan Deck is designed with your performance and building requirements in mind. It’s engineered to be stronger, longer lasting, and the last dock decking you’ll ever use.
Your boat dock or pier is where you and your family love to spend time, whether fishing, casting a line, or simply enjoying the view. It’s the place where memories are made and a place you will never forget.
A well-built boat dock system is the backbone of your boating experience and will last a lifetime. However, years of use, sunlight, and extreme temperatures can take their toll on your dock boards.
To extend the life of your dock system, it is important to re-deck with new boards. Using Titan marine decking on your old dock system will give you the long-lasting strength and durability you need to enjoy your time at the water’s edge for decades.
The Titan plastic marine decking is built to withstand years of use and bare feet. It is molded with a knurled surface to prevent slipping, even when the surface gets wet.
Titan decking is available in a variety of styles and colors. Whether you’re looking for a classic dock board or an eye-catching accent to your dock, you will find the right style of Titan decking for your project.
Titan Decking is designed to last a lifetime without painting or staining. It’s barefoot friendly, skid-resistant, and stays cool to the touch in extreme temperatures. It’s made from 100% polypropylene plastic, which means it will never rot, warp, dent, splinter, or bend. It’s also UV protected to minimize dock deck fading.
You can choose from three popular styles of decking for your dock. Titan’s Classic and X-Series decks feature the look of natural wood with a slotted surface to give them a classy appearance. They’re available in gray and med cherry colors.
When planning your next dock project, consider all the options and decide which material is best for your boat dock system. The key is to choose a material that will meet your needs and budget. It’s worth considering how long you’ll use your dock, the weather, and any potential environmental factors before deciding. With that knowledge, you can be confident you’re making the right choice for your dock.
Titan Deck is a 100% polypropylene plastic, barefoot-friendly dock decking material. It’s UV protected and stays cool to the touch even in extreme temperatures, making it an ideal choice for a commercial boat pier or marina.
Titan decking is manufactured in individual boards for flexible installation and is easily screwed to your existing dock frame. It can also be assembled into panels that allow easy removal of your water dock system at the end of each season.
One of the best aspects of the classic series is that it can be customized to fit your unique dock space. Our experts can help you choose the right color and shape to match your property, ensuring a seamless transition from indoor decor to outdoor enjoyment.
Cool in Extreme Temperatures
Titan Decking is strong and durable, with a knurled surface that prevents slipping even when the deck is wet. It has a UV-protected finish to minimize fading and will not rot, warp, dent, or splinter.
This 100% polypropylene plastic material is environmentally safe and will never need painting or staining. It is barefoot-friendly and stays cool to the touch in extreme temperatures. It’s a great option for boat docks, gangways, and stairways subject to harsh weather conditions.
Hamza Fazal is a reporter for The Hear UP. After graduating from the University of Abbottabad, Hamza got an internship at the NPR and worked as a reporter and producer. Hamza has also worked as a reporter for the Medium. Hamza covers health and science for The Hear UP.