Category Archives: Business

5 Tips for Starting Up a Clinic

download (20)A clinic is a place that can be extremely helpful to people if it is properly equipped and has all the great characteristics. Starting a clinic and progressing through it has never been easy and there are a lot of tips that have to be followed. You surely need to take proper note of all these tips in order to enable people to make the most out of your clinic. Some important tips have been explained as below.

1. Knowledge

It is very obvious that a clinic is a very complicated place and enough knowledge is never going to be harmful. Thus gain as much of knowledge as possible regarding medicines, instruments, patient information and financial support. All this information and knowledge can help you a lot in the long run. Having sufficient knowledge is all you require to function in a clinic. Starting a clinic is never going to be easy let alone making it profitable. There are a lot of challenges involved.

2. Clinic location

The location of your clinic can also be extremely vital. Your clinic can be near educational institutions and residences. Observe the location where you are able to cater to a large number of patients. This will help you to serve and your professional success can also depend a lot on this factor.

3. Economic needs

The economic needs must also be taken into consideration without a doubt. For this purpose, you will have to observe the demands for a homeopath in a particular area or any other factor for that matter. This will help you a lot going forward. Always keep economic needs in mind so that you can benefit from it in the long run.

4. The size of your clinic

The size of your clinic will obviously depend on many factors. These include pharmacy, waiting room, doctor chamber, waiting room, staff and parking area. Patients mostly tend to visit clinics that are large in size and are able to cater to thousands of patients.

5. Equipment and medical machines

There are so many machines that are required for medical care. All these machines should be of very high quality so that they last for long. Apart from this you must give enough attention to other factors like interior designing, reception area and medicines. All these will only be profitable to you in the long run. It is one of the important things to remember.

 

Know About GIs and Promote the Best Interests of the Craftsmen

download (19)Do you know as to how would they safeguard & promote the best interests of the craftsmen?

A geographical indication (GI) is a name or sign used on certain products which corresponds to a specific geographical location or origin (e.g. a town, region, or country). India, as a member of the World Trade Organization (WTO), enacted the Geographical Indications of Goods (Registration and Protection) Act, 1999 has come into force with effect from 15 September 2003. They have been defined under Article 22(1) of the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement as: “Indications which identify a good as originating in the territory of a member, or a region or a locality in that territory, where a given quality, reputation or characteristic of the good is essentially attributable to its geographic origin.”

GI of Goods are defined as that aspect of industrial property which refer to a country or to a place situated therein as being the country or place of origin of that product. Typically, such a name conveys an assurance of quality and distinctiveness which is essentially attributable to the fact of its origin in that defined geographical locality, region or country. Under Articles 1 (2) and 10 of the Paris Convention for the Protection of Industrial Property, geographical indications are covered as an element of IPRs. They are also covered under Articles 22 to 24 of the Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement, which was part of the Agreements concluding the Uruguay Round of GATT negotiations.

“Tequila” is selected for liquor originating from the town of Tequila in the state of Jalisco, Mexico, where the liquor has been produced for over 200 years. Other examples include:

“Champagne”

“Darjeeling Tea”

“Jamaica Blue Mountain Coffee”

It can be a geographical place name (e.g., “Champagne”), a symbol (e.g., a picture of the Eiffel Tower, the Statue of Liberty, an orange tree), the outline of a geographical area (e.g., the outline of the state of Florida or a map of the Dominican Republic) or anything else capable of identifying the source of a product.

They are offshoots of indications of source and appellations of origin, which were first accorded international recognition in the Paris Convention for the Protection of Industrial Property (1883).India, as a member of the World Trade Organization (WTO), enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999 has come into force with effect from 15th September 2003.

Also, it ensures that none other than those registered as authorised users (or at least those residing inside the geographic territory) are allowed to use the popular product name.

In India, DARJEELING is protected as a certification mark as well as through a system established by the Tea Act of 1953, which mandates the licensing of all tea dealers and the issuance of certificates of origin in respect of all legitimate exports of the tea. “Darjeeling Tea” is also protected.

 

How to Review a Business Complaint

download (18)One of the common methods of vetting a business that you have never worked with before is to check to look at the reviews or formal complaints about the business. Some of the common lists to post a review or file a complaint are sites like YELP, the BBB, or Ripoff Report.

Any business that works with a volume of customers over a period of time will have a complaint filed against them. Large businesses like McDonald’s Hamburgers or Amazon have complaints files about something somewhere almost every day. Business that have never had a complaint filed against them probably has not been around very long or does not work with a large sector of the general public.

This is not to say that complaints are not justified. There is more to reviewing complaints than reading how bad the service was from one customers’ point of view. Yes that customer probably had some less than average experience, but in the realm of company performance would not be the norm.

The first item to consider when reviewing a business review or complaint is to look at the number and frequency of complaints. If a company has only one complaint a year, or even a complaint or two for a high volume business, that means that most of the customers are satisfied. Consider that there are television commercials were they advertise their customer satisfaction rate. If the customer satisfaction rate were 97% that means that 97 of 100 customers were satisfied and that 3 were not satisfied. Enhance this to a large volume business and it becomes that 3,000 people out of 100,000 customers were not satisfied.

The second issue is that internet review sites provide a lot of anonymity for the complainer. Social media allows anyone to say anything about anyone with little consequences of their actions. Sites like the BBB and Ripoff Report provide an opportunity for the business to respond to the complaint. To fully and accurately review a business complaint you must also read the response by the business representative. Remember that just because someone can say something on the internet does not make it true.

The other issue is that some people do not understand basic business practices. Yes business are there to provide services to the customer, but are often regulated by a number of internal and external sources. Customers can sometimes expect, or demand far more than a particular business is able to provide.

 

Reasons For Opening A Business Bank Account

download (17)It may seem convenient and easy for you to keep your personal and business finances in a single account; however, this offers several disadvantages. Indeed, opening different accounts for the two can prevent you from experiencing hassles. This will also provide you with different benefits.

Why You Must Open A Business Bank Account

Protection from legal liability – Opening a business bank account will protect your personal assets any legal liability. When your company gets sued and you are keeping your company and personal finances in just one account, the court might go after your personal assets since your bank account won’t reflect 2 distinct entities.

Tax purposes – Another excellent benefit of opening a separate account for your business is that it will be a lot easier for you to file business income and expenses for tax purposes.

Professionalism – Having a business bank account will lend credibility and professionalism to your firm. If clients see that you are using personal checks for transactions, they may assume that you’re not running a legal business operation.

Tips For Opening A Business Bank Account

Having a personal bank account won’t mean that you will easily open another account for your business. But your current bank might not necessarily be the best one of for your company. Bear in mind that banks specialise in various areas. Often, they cater to small businesses. However, there are other banking institutions that can provide reliable equipment loans.

Aside from opening a checking account, consider looking into other financial products as well. These include cash management and the different lines of credit. If you find a bank with extensive knowledge and experience in dealing with companies similar to yours, this may be the best bank for you as well.

The banking cost is another crucial factor to consider if you are choosing the best bank. Most banks today allow companies to open accounts for free. Also, they just require a minimal amount of balance. Sooner, the needs of your business might change and you may need to evaluate your account according to your fees along with the convenience the account offers. And if you choose to upgrade your account, this may lead to higher fees. Remember though that these might be offset by the ease in dealing with the increased volume of transactions. Ease of access to added services from the bank may offset such high fees as well.

 

Nameplate Litho Printing

download (16)In the past, Stamping is the most common methods for marking metal nameplates. In recent days, as the technology emerges nameplate manufacturers choose different ways to design and print metal nameplates.

Industries manufacture metal nameplates using a variety of printing techniques. These printing techniques may vary based on the customer requirement and type of environments. As mentioned earlier, uses of these nameplates dictate their manufacturing process. For example: metal nameplates used for outdoor purposes are exposed to harsh environments. In such conditions, the printing method should guarantee long-lasting design and legible text. Photosensitizing, embossing, laser marking, etc. are few printing methods that allow outdoor applications.

Lithography or offset lithography is one of the printing technique used in decorating Aluminium nameplates. In litho printing, the inked image is transmitted from a printing table to a rubber blanket and then it’s transferred into the aluminium sheets or paper. It’s a mass production printing in which the printing media don’t come into direct contact with the metal nameplates. It’s easily combined with a certain decorative process like embossing, brushing, screen printing and diamond cutting. It’s a preferred option while printing in fine detail and half tones. Nameplate manufacturers apply decorations on flat sheets and then it’s subjected to forming and tooling. It prolongs the lifetime of nameplates because the flexible rubber coordinates with the print media surface, allowing the process to be used effectively on rough-surfaces as well.

Types of offset Litho printing machines –

Offset printing machines are commonly used by today’s manufacturers.

Sheet-fed offset printing – This printing is popularly known for small and medium-sized projects. In this printing method, machine is fed with individual sheets. These pages could be pre-cut or trimmed after printing.

Web offset printing – This printing method uses larger and high-speed machines. Huge rolls of sheets are fed into the machines from which individual sheets could be trimmed. It is more cost-effective and used for high volume projects.

Advantages of using Offset lithography:

  • Tight registration is one of the major advantages in using offset lithography.
  • It provides quality printing at low-cost.
  • It can print on a variety of surfaces including rough and hard surfaces.
  • Lithography is a cost saving process for nameplate manufacturers while choosing high-volume projects.

Conclusion:

Lithography works on the basic principle that oil and water repel each other, but compared to other printing methods it provides quality printing at an affordable cost. It is combined with several decorative processes to create quality Aluminium nameplates.

 

Secrets of Bonding 130: Borrow From Peter to Pay Paul

download (15)It’s only human nature. You have a problem, a need. A financial issue has come up and the timing is inconvenient. So if you just move things around, you can handle the problem and back-fill later.

For construction companies managing multiple projects, not every job goes smoothly. Construction work is complicated with many variables and uncontrollable elements. Sometimes the only solution is to throw money at the problem. When cash flow on the project is “temporarily” insufficient, there is a natural temptation to borrow money out of another healthier contract, with the intention of paying it back at a later date. Is this bad?

Trust Funds

From a legal standpoint, money a general contractor (GC) holds, that is destined to pay the subcontractors (plumber, electrician, HVAC, etc.) he hired on the project, is held “in trust” for the benefit of those subs. The law says it is their money, and the GC must safeguard it. Therefore, any money in this trust fund category cannot be “loaned” to another of the company’s projects.

Bonded Contracts

When a Performance and Payment Bond covers a contract, the payment section of the bond guarantees that suppliers of labor and material will be paid. This includes the subcontractors that were hired by the GC. The bonding company is guaranteeing that the trust funds will make it into the hands of the subs.

If money has been diverted into another project by the GC, and subs remain unpaid, they are entitled to make a claim against the payment bond. Sureties are risk averse and strive to avoid all bond claims. Underwriters are well-aware of the “Peter Paying Paul” scenario where the funds are never restored and a payment claim results.

Protective Measures

Bonding companies may take steps to prevent such misapplication of funds. One is Joint Checking. Under this procedure, the project owner (paying for the work) issues joint payee checks in the name of the GC and the sub or vendor. Now there is absolute certainty that the funds will get to the sub as intended.

This procedure does not cost money to implement (other than the administrative expense), but is dependent on the willingness and continuing participation of the project owner.

Another protective device is the use Funds Control, also called a Funds Administration. Think of this as a professional paymaster who pays everyone on the project, including the GC. Money goes from the owner to the funds administrator, who then issues all the checks. By avoiding the GC’s handling of the money, there is no risk of funds flowing to another contract.

The funds administrator charges a fee, which is paid by the GC. For this procedure to be successfully implemented, the owner must officially agree to pay the funds administrator instead of the GC.

Conclusion

When it comes to money handling on construction projects, many people have a stake in the process. The GC’s obligation is more than to simply complete the work. They have a fiduciary responsibility to handle funds properly and assure that deserving parties are paid. That’s what the bonding company expects, and it’s simply the right thing to do.

Steve Golia is an experienced provider of bid and performance bonds for contractors. For more than 30 years he has specialized in solving bond problems for contractors, and helping them when others failed.

The experts at Bonding Pros have the underwriting talent and market access you need. This is coupled with spectacular service and great accessibility.

 

Let’s Get Real – These Are the 3 Things You Need to Be Doing

download (1)While I can talk about the 55+ systems you could implement into your business, in reality, everything boils down to these three things: you need to do work with your clients, you need to get more clients, and you need to make sure the business runs.

Boom. Done. End of story.

Easy, right?

Well, yes and no.

You can do the work. Heck, that’s why you got into this work in the first place. You want to serve. All you want to do is have your schedule filled with ideal clients whom you can provide your service, and possibly even transformation. You could do that all day, every day. Bring it on, right?!

That’s part one.

Part two is getting MORE of those ideal clients. This is where your systems come in. How do you get more of these awesome, ideal clients?

  • Build relationships. You need to meet people and create relationships, above and beyond the hope for a sale.
  • Network. This is a fabulous way to build those relationships. Figure out where your ideal clients hang out and go there. Talk with them. Meet with them. Figure out what drives them and what their challenges are. Connect. All without ANY attachment to whether they become clients or not.
  • Follow up. Email is one way, sure, but it’s not always the best way. Think about it: how much email do YOU get? And how many times do you go, “I’ll respond later when I have more time”? And then days and days and days go by, and you still haven’t responded? That’s what’s happening when you send emails to others. So, pick up the phone and call. Yes, the old-fashioned telephone (or cell phone, not quite as old-fashioned).
  • Track. How is this system working for you? How many touches, phone calls, emails does it take to convert a prospect into a client? For me, it’s 35 (in total). So, I know I need to touch 35 people in some way in order to convert to a paying client. What’s your number?

Part three is making sure your business runs. Because without a business, you aren’t going to be able to do the work. I will be honest… this piece can be much more extensive than the other two. I’ll be short and sweet here, whereas I could go way in depth. Here’s what you need to run a solid business:

  • Marketing. What is your plan for getting more clients? Sure, there’s networking and follow-up, and are you networking online? Do you do content marketing? Are you consistent?
  • Finances. What are you spending? What are you bringing in? What are your money goals?
  • Working on the business. All this is lovely, but if you’re not looking at the big picture, then you’re not really running a business. What are your long-term goals? How are you growing? How are you planning for expansion?
  • Administrative. Boy, is this another big one… This covers outsourcing and having a team. Expansion. Duplicating yourself. Operating in your Zone of Genius and happily delegating all the other zones to other, more qualified people.

I know I’ve asked a lot of questions of you. It’s a lot to consider and do, that whole running a business. And it’s what separates the glorified service providers from true business owners, what I call CEOs of their business.

What are you? And what do you want to be? Do you just want to offer your service and not run a business? No problem. Do that and go find a company who will pay you what you’re worth to do your amazing work.

Or do you want to run an actual business and expand beyond just the service you can provide? Congratulations, you’re a CEO. Now, act like one.

 

What Sets the Best Exhibition Stand Designers Apart?

download (14)With thousands of trade fairs and events to attend each and every year to promote their organisation and their services, companies can find themselves looking for the best exhibition stand designers in order to produce a stand-out booth to best represent their brand. With many experts in the field advertising their services, it is important to recognise quality.

There are many well established exhibition stand designers along with exciting and innovative newcomers, yet there are always some very specific similarities that the best service providers have that are important to look out for when making a hiring decision.

The first of these factors is the understanding of trade fairs and other industry events, as there are many aspects of these events which are critical to the success of a stand design or company presentation. These include the layout of the event, the direction of footfall, the size of allotted stand space and much more.

Exhibition stand designers which have extensive experience of these different factors are best placed to analyse each individual event and produce an effective plan and stand design that can overcome potential issues as well as capitalise on the natural advantages of a stand slot, a stand position or a particular type of event.

This understanding only comes with experience, which is why you should look for this when hiring a service provider to help you. Whether a start-up company or a well established one, look at the individual experience and knowledge of the team which will be working on your specific project.

Next, a sign of the best exhibition stand designers is that they will have won industry awards for effective design and innovation. This is a very competitive industry, and the best designers will have set themselves apart from the pack and have a track record of success.

However, you should look for awards that are meaningful for you and your particular aims. If you work in the science and technology sector, a company which has produced an award winning stand for a company in this field is a good sign that they might be the right choice for you. The same applies for any other field or type of business.

The best designers will also have regular customers that keep returning to use their services; indeed, a strong ongoing relationship with several leading brands is also an indicator of quality, as it shows reliability and the ability to deliver time and time again.

Many of the top exhibition stand designers are considered partners of the companies they work for, and this is unsurprising – each exhibition stand design has the power to help a brand succeed or fail at each event attended. As exhibitions are often difficult to make an impact at due to competition, a company with satisfied repeat customers is a strong sign of a good design company.

A final factor that sets the best apart is a commitment to quality at every step of the process. This includes the design stage, the build stage, the delivery stage, the set up stage and virtually every other part of the endeavour. Many of the best companies have a quality guarantee, and can explain in detail the quality controls in place at every step of the way.

An indicator if quality is attention to detail at every stage in the process. This includes the initial consultation, the project management, the choice of construction materials and the mode of delivery. A company that focuses intensively on quality at every stage is a sign of a exceptional service provider that is well worth investing in for your trade fair or event.

 

How to Choose a Company to Build Your Exhibition Stand Design

download (13)There are many excellent exhibition stand design companies offering their services around the world, and this can make it exceptionally difficult to select one that meets the needs of your company and organisation. With each professional claiming to deliver the best designs and the best service, narrowing down your options can be very time-consuming indeed.

However, it is important to note that there are several factors that can be taken into consideration for best results. Following a few guidelines will help you select the best exhibition stand design company for your needs, ensuring your success at the event that you are attending.

The first piece of advice is to look for a company that offers the integrality of services that you require, including design, build, storage, transportation and set-up. A company that offers a total service is often a great idea for those who require a complex design for a trade fair, and plan to reuse the stand over and over again.

A company that builds, adapts, stores and transports the design can be a great idea for these companies, as they will have a number of excellent quality and essential services all under the umbrella of one exhibition stand design company, making things a lot easier. However, this is not necessarily important for all companies and organisations.

Some may find that they do not necessarily require the design services of a company, but will need a company to refine their ideas and then build the stand. Furthermore, they may not require transportation and storage, as this is something they prefer to do themselves. Therefore, it is essential that each company considers their unique needs before hiring a service provider.

The next step is to consider the experience of the company in serving businesses or organisations similar to yours in size, budget and industry. Although many excellent service providers will be capable of producing great designs for large and small businesses in a range of sectors, proven expertise in a specific area has several benefits.

To give a concrete example, an exhibition stand design company that is highly familiar with the science and technology sector is highly likely to have their finger on the pulse of what is happening in this field, and what competing companies are doing to stand out from the pack when attending trade events.

They will also have experience of what works and what does not when it comes to attracting different types of attendees to stands, whether this is a free presentation, a high-tech display or an interactive audience experience. With this in mind, a track record of success with certain size companies in certain fields can be an advantage.

Finally, attention should be given to awards that the company has received, whether official awards for design or simply very positive customer testimonials. Of course, the former bring prestige not only to the exhibition stand design company, but also to yours if you decide to hire their services.

Both industry-recognised awards and positive customer testimonials speak directly to the quality of the company, and any business or organisation looking for the best quality design and build should take them into consideration when making a hiring decision.

These are just a few steps to choosing the right exhibition stand design and build company – from paying attention to industry awards and experience serving your particular sector, you will be setting yourself up to hire a service provider that is capable of delivering the best stand designs.

Furthermore, a company that can offer the full range of services that you require will mean that you have the ultimate hassle-free experience, taking the stress out of attending an exhibition or trade fair.

CEI Exhibitions is a world leader in the exhibition design and build industry, with over 15 years’ experience working with major international brands and companies. The strengths of CEI Exhibitions are encapsulated in the creative energy of its designers, the skill of its carpenters and the experience and dedication of its project managers and installation engineers. CEI Exhibitions provides clients with a complete exhibition stand solution, including initial consultation, project management, design and build, logistics, installation and dismantle and storage services. CEI Exhibitions is dedicated to providing an uncompromising quality of service to develop creative solutions that reinforce clients’ brands and communicate effectively with their audiences.

 

What Is Business? Pt 1

download (12)When the understanding of a phenomenon is not known misunderstanding and misinterpretation is unavoidable; therefore application will be disjointed and misplaced! The title of this article I believe is the most misconstrued of the cardinal questions related to the marketplace especially by Christians! The reason is not farfetched; Christians go to the wrong sources to look for its definition, therefore, they’d certainly be misinformed which can result to destiny malformation in the marketplace.

Arguably, there are only two dictionaries in the world: The Bible and others. The Bible is the only “Assured” book that contains the express will of God; that’s why it is regarded as the hand book of life, and by extension the handbook of business. This presupposes that if you want to know the express will of God concerning “What is Business” and other related issues that deal with business; the right and definite place to go is the bible.

Sadly, many Christian business professionals and entrepreneurs – nay, would-be Christian business practitioners seem to believe that the bible has nothing or little to say about business, so they invariably gravitate towards secular sources for the definition of business.

So, what is Business?

Let’s first explore first some of the popular definitions of business that has moulded the culture of business practitioners across the world. The Longman dictionary of Contemporary English gives an illusionary definition that had deluded many. It says business is “The activity of making money by producing or buying and selling goods, or providing services.” The WordWeb Dictionary defines business as the “The activity of providing goods and services involving financial and commercial and industrial aspects.”

Human beings are creatures of emotion. Man is driven by his believes and values ingrained in his heart, even though he may sometime not be aware of it. The believe that business is about making money by providing products and/or services is what had been the driving force behind the passion of many business people, which have alienated mankind from the purpose for which God created business. Sadly, this is the bane of many business practitioners. The fruit or product of this kind of worldview is self-conceited and self-serving business people.

If you agree that God is the creator of the earth and the rest of the universe; then you’d also agree that He is solely responsible for the rules that govern the universe! One distinguishing character of God is that He is an intentional God. He created everything (including business) on and for a purpose. In this article, I’ll be spotlighting God’s definition of business. The surest clue to understanding this is in discerning the purpose why He created business. In this follow up article, I’ll explore what business is truly all about.

The starting point to this puzzle is to go to the very beginning; where God established His purpose of business enshrined in his cardinal purpose for man. The purpose of business is divine in nature: business exists to fulfill the Creation Mandate in Genesis 1:28,

“God blessed them and said to them, “Be fruitful and multiply! Fill the earth and subdue it! Rule over… ”

The cardinal purpose of man is to rule God’s physical universe – known as creation mandate. Given the Creation Mandate as the prime mandate of man, then everything relating to the life of man must find its purpose in this mandate. Therefore business is a tool to enable man to rule. If the purpose of man is to rule God’s physical creation, then all human activity must relate to man’s responsibility to rule. Therefore work is, and must be, a means to rule.