Covid 19 and economic downturns have affected our daily lives tremendously. Unlike corporations, small businesses have suffered the hardest. While there may be a struggle, there doesn’t have to be an end. No one ever wants to close a business and many people fear they can’t do it alone. But there are options. There is help out there. PDC was created to help struggling, new and older businesses get out there and become a success. Or redefine policy to continue business success. We are still in the game and want to help you succeed and stay afloat. Whether its helping redesign or change office space, move a business online or restructure Human Resources, we are there to work with you. All it takes is a little planning to get going. 2021 is upon us. And while we don’t know for certain what is going to happen next, we can plan and make adjustments to move into the future.

PDC is offering free consultations on business planning. We offer various packages should you choose to go with our services. We cater to your specific needs. Contact us today and let’s get your business back on track.

www.pinkdragonconsulting.com

The post Time to Plan – 2021 appeared first on PINK DRAGON CONSULTING LLC (PKDC LLC).

Telecommuting or working from home or e-commuting is an arrangement whereby you work either from home or from a location near your home such as a library or coffee shop. While e-commuting, you communicate with your employees via telephone or emails.

Additionally, when telecommuting, you only go to the office to attend a meeting or you go there when there is a specific task that requires your physical presence. However, with the availability of video conference options it might not be necessary that you should go to an office to attend meetings.

When telecommuting rules are laid down properly, the company realizes maximum benefits from the arrangement because both the employer and his employees benefit from this arrangement. Many employers are realizing these benefits, and therefore, they are supporting this kind of arrangement in their organizations. As it becomes popular, let us take a look at the benefits of telecommuting for employers.

1. Increased Productivity

Most employers fear that allowing employees to work from home would cause them to ignore the company’s policies on time. They also fear that their employees would fail when it comes to handling the company’s projects. Contrary to this notion, employees tend to be more productive when they are working from home than when they are in an office setting.

While working from home, employees concentrate more on their job as there are few interruptions. Moreover, working from home allows employees to work on a schedule that reflects their lifestyle. In the end, they can perform better than they would while working full time in an office.

2. Improved Morale and the Quality of Work

Quality work results are achieved if you have the morale to work, which comes with a positive attitude towards your responsibility. By telecommuting, as an employer, you can improve quality of work by following these simple steps.

• Planning meetings and office responsibilities each day based on the prevailing circumstances.
• Focusing on your work without distractions.
• Wearing whatever you want so that all your effort is on the job that is at hand.
• Many people complain that the reason they hate going to work is having unfriendly colleagues. By letting your employees work from home, you boost his morale because they does not interact with coworkers who do not like him.
• By allowing employees to work from home, you give them a sense of responsibility, and they feel energized to get their work done on time.

3. Increased Level of Flexibility

By working from home, you can plan your work, so that what you do at home is highly productive. Some people are productive in the early morning hours while others like burning the night oil. Whichever the case, telecommuting is the only way your employees can give their best at working at their most convenient time. Similarly, by telecommuting, you can balance between your work and other responsibilities in your life.

4. Additional Work Hours

The time your employees spend on commuting to and from work is part of the time when other employees in competing companies spend on their projects if they are e-commuting. Relieve your workers of the stress of daily commutes to and from work. Doing so will lead to more working hours in a day.

5. Reduced Office Requirements

If you give your employees the freedom to work from home, you can enjoy the benefits of telecommuting for companies from this decision. More specifically, you reduce office costs by limiting space and furniture requirements, which is a good way of reducing overall costs. The extra space can be used for other organizational purposes. You can even rent the space to someone else. In the end, telecommuting will reduce your total cost of doing business by almost 30%.

6. Improved Rate of Employee Retention

If you embrace telecommuting in your company, you can retain your best employees. For example, some of them may not manage daily commutes due to various personal reasons. Think of your employees who have to relocate a new place when their spouses live. You can retain them by allowing them to telecommute. This saves you from the stress of looking for another employee who suits that position. You also avoid the time taken to orient the new individual.

Similarly, telecommuting allows you to give employees a chance to work for you. As an employer with such employees, make sure you provide social interaction platforms for all your employees so that they also get to know one another.

7. Continuity of Initiated Programs

Another employer benefits of telecommuting is that allowing employees to work from home minimizes program interruptions due to reasons such as minor sickness. Instead of taking sick off, telecommuters can work from home without putting the health of their coworkers at risk. Telecommuting is also effective in minimizing the negative impact of other occurrences such as lateness due to traffic or commuting in bad weather.

8. Wider Pool of Talent

The next one of company benefits of telecommuting is that by embracing telecommuting arrangement in your business, you can hire only the best and most talented employees without limiting yourself to geographical location.

9. Maximizing Your Time

If you are operating a small business, you cannot afford to waste even a single minute of your time. By working from home, you can use all the time you have at your disposal maximally. Furthermore, your employees would feel that you have given them a lot of freedom. That feeling increases the level of loyalty they feel towards your company. Happy employees tend to stay more in their job, hence saving you the stress of hiring and training new employees now and then.

10. Improved Trust among Employees

To allow telecommuting in your company, your employees must trust you. They will achieve their daily targets if they do because they know you will be fair and you will pay them on time. Accepting this kind of working arrangement improves your ability to give employees freedom without reserve. Consequently, the workers will feel trusted and will hence do their best to avoid breaking that trust.

With the numerous benefits of telecommuting, many businesses are embracing video conference options to make telecommuting easier. Many employees are becoming compelled to make their work presence more visible. Since telecommuting gives the employers the freedom to employ skilled task force regardless of their geographical location, the job market is becoming more competitive. This in return compels employees to prove their value as assets to the business by working hard to avoid losing their jobs.

For more information about setting up a Telecommuting program, contact Pink Dragon Consulting. We can get you set up with the latest software for video conferencing and more.

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1. People appreciate you, when they know the real you. Always let people see the real you. Never feel you need to maintain a persona that is not you. By trying to be someone your not, you won’t attract the right type of people into your life and that includes business. Customers and clients need you to be open, honest and real at all times to have an effective business relationship.
2. No matter good or bad things get, always keep believing in yourself. There will always be situations that can stretch our abilities. Always keep a positive mind frame. If change needs to be made, then do it. Believe that you have the capability to make a positive change or move and it will happen.
3. You can do it! This statement holds a lot of power. You should remember that. Whether its in your personal life or business, there is nothing you cannot do. Maintaining an open mind and being flexible can do wonders for your business. There are always options available to you. So when you feel stuck or something isn’t working, then feel free to make a change. 3
4. Part of keeping good mindset is be able to accept feedback. Feedback comes in many forms, can be good or bad, but you need to learn to learn from it. Feedback in the business world is very important. It can help you make vital decisions and can even affect your future. Over time, you learn to value feed back and use it to your advantage. This also helps you to maintain positive relationships. Part of valuing a person’s advice is conducive to a strong relationship. It encourages communication and builds trust. Clients will in turn value you as a good business person.
5. Make sure you have a good following of close people. Be it friends or family or customers, surrounding yourself with people you can trust and lean on is of importance. Having people around you who know business and its challenges is ideal. These are people who understand your business pains and can usually help you get through them. Have a person you can lean on as a mentor or coach. This will be most helpful in many ways for your business. You never have to worry about going it alone when issues come up.
6. Have a clear set of goals. This will help you in the long run. What are you wanting to achieve? Where do you see your business in the future? Break down big goals into smaller ones. Work at your goals a little at a time to make sure you can achieve them. Set short and long term goals, that will help your business grow.

So as your business grows so should you. Running a business is a learning curve. There will always be something new around the corner. Don’t sweat the small stuff. Never stop learning. Keeping up with knowledge in business is a win win for everyone. Build on your creativity and skills. Apply what you know to your business. This is great for your mindset and keeping your business going.

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A Business Plan does not have to be set in stone. This document can be modified as needed over time. In the beginning, it does pay to have an initial “go to” document to refer to. Think of your plan as a road map on how the business will run over time.

A key use of a Business Plan is during a financial needs assesment. The plan can be used when looking at financing your business. Banks and other financial institutions often use a Business Plan when loaning out money. The plan gives them a full outline of what your business is and how it will be managed.

Another use for a Business Plan is for marketing. By adding in marketing demographics you can create a strategy on how to move your business forward.

One of the most valuable uses of a Business Plan is to identify your objectives. List out everything you want your business to achieve. Add in a timeline and you create more value and direction. To put it planely, look at the plan as a project with key steps to be taken. No matter how small an objective is, it’s worth noting. As time goes by and you are achieving your goals, don’t be afraid modify the Business Plan.

Keeping a plan fresh will help moving your business to success.

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First you need to list out what you want to do. If your business will be run online, your expenses can be minimal. If you will be running a store front or in an office you may need more capital. You need to take a hard look at the kind of business you will run. Will you need inventory? Are you going to be working from a home office or renting space? You are more than likely going to need office furniture or equipment. Operational expenses such as electricity, phone, internet, mileage and gas can all add up over time.

Purchasing new office equipment may be one of the first expenses you have. You might need or want to upgrade your computer or even a printer. Some people find they need a home computer and a portable laptop for travel. In most cases, this is an operational expense that can be expensed at tax time. So never fear if you have this immediate cost. On the bright side, you don’t always need to purchase new equipment. Many times you can find a used computer at a great price.

Most entrepreneurs start businesses on their own and by themselves. Once business gets going good you many look into expansion. So once you look into hiring someone, once again your expenses will rise. So before you do anything, make sure you plan finances carefully. This should all be done as part of your initial business plan to begin with. Pink Dragon Consulting works with clients to ensure all your business issues are covered especially financial planning. Contact today for more information.

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No Long Term Commitment

Using outsourced employees does not have to be a long term commitment. Many outsourced employees work six months or less. Short term or project employees don’t come with the requirement of providing benefits. These people are paid for work only as needed.

Keep Costs Low

Outsourced help usually comes with a lower cost to you. You also get access to a larger talent pool. Many direct outsource companies have a large volume of people with various skills waiting to be hired.

Time Saving

The hiring of outsourced employees is usually very quick. Since most outsourced work is done relatively quick, your projects get done quicker. Deadlines can be met faster and at a lower cost to the company overall.

There are many reasons outsourcing has grown. It can get your business through a temporarily tough time. It can save you money. You can work with a single independent contractor or commit to a contract with a large, outsourcing company, depending on your needs. The choice is yours. At PDC, we can assist with outsourcing needs. Contact today for a consultation.

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1. Business owning allows you to be in control. You decide what hours to work, how much to charge people and who you want working for you. Every detail of your business comes from decisions that you make. Most people don’t get to make very many hard core decisions in their jobs. Beyond decided what to have for lunch, most people really have no say say.
2. You get more flexibility in your time. Working for yourself allows people to plan their time out to meet their needs. If you need to take two hours out of your day for a dentist appointment, you can do that. You don’t need to ask for permission. You just go. As long as your work time is being managed properly, you can do this.
3. The money your business makes is yours and only yours. You will need to be able to manage money effectively to keep your business alive. Proper financial business planning can keep you from making costly mistakes with profits.

These are just a few of the pros of owning your own business. As long as you plan correctly, you can gain many more pros. To help with business planning contact a business consultant first. Pink Dragon Consulting has the knowledge you and your business needs to succeed. Contact info@pinkdragonconsulting.com for more information or a consultation.

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