More and more people are testing the waters of E-commerce. It’s not hard to see why. You gain most of the benefits of a brick and mortar business without the rental costs, overheads, bills and need to employ multiple permanent staff.
Here’s a business truth for you: if you’re not making your employees happy, or helping keep them sane at work, then your business is going nowhere fast. Yes – some larger businesses treat their employees badly and seem to cash in on it, but they get lucky, as larger businesses are wont to do. If you’re running your own business, then frankly you cannot afford to make a costly mistake like making your employees happy.
Being familiar with modern technologies, you must have heard of Uberisation, a transition to an operational model where economic agents exchange under-utilised capacity of existing assets or human resources (typically through a website or software platform) while incurring only low transaction costs.
Keeping ahead of the game when it comes to business is no easy feat, especially with an ever-evolving market that keeps on incorporating new technology and processes, so that companies can stay on top.
Growth is one of the goals of every entrepreneur and business owner. When you start your own business, you most likely have a clear idea of how far and successful you want the company to be – and how to get there in a timely manner. In recent years, however, there have been many cases of businesses being consumed by their own growth. Rapid growth could easily lead to degrading service quality, inability to operate efficiently, and other big issues that threaten the existence of the business.
As per the National Institute for Occupational Safety and Health, companies in America spend around $300 billion annually on stress-related work problems like lower productivity, health insurance expenses, absenteeism, lower employee turnover and direct medical expenses.