5 Key Soft Skills for New Business Owners

When knowledgeable professionals decide to start a business venture, they’re sometimes unaware of all the challenges they’ll be facing. In simple terms, business management differs from sheer employment. In more complex terms, running a business can be completely different from being an employee in a company.

Therefore, everybody who is planning to take the road of entrepreneurship should tweak both their soft and hard skills. In this article, you can find out more about some general soft skills that every new business owner should possess or develop.

1.Consistency without double standards

Managing a company includes dealing with employees, clients, and projects. As a business owner, you need to show consistency and patience as much as possible.

For starters, it’s vital to establish a bonus structure for your employees. If the rewards you give to your employees are based on your subjective evaluations, it will affect the climate among your staff members. Some employees are extroverts or more talkative and they tend to brag about their results. But there are also shy or more reserved but hard-working people who don’t talk about their achievements.

Since business owners have a lot on their plates, so it’s not easy to make objective conclusions if you don’t possess the right facts.

Therefore, your internal rulebook on bonuses and rewards will help you share profits with your employees in an honest and transparent way. Also, make sure that all your workers get familiar with those rules and requirements.

2.Clear communication

Polite and clear communication is one of the pillars of adequate business management.

In theory, we all know that we need to be respectful and informative when we talk or write to our employees/clients.

However, in practice, there are many different variables that may affect such communication.

As business owners, we need to anticipate those moments and do everything we can to prevent any inconvenient or inappropriate communication.

For starters, effective workplace communication requires peace and calm. If you’re trying to hold a business meeting or briefing while other employees are having a coffee or discussing other business things, you’ll keep losing focus. This can lead to frustration and negative reactions that you’ll later regret. Also, some information might slip under the radar if the communication channel is not clear.

That’s why every SMB needs a separate space for business meetings. Be it a special conference room or an improvised, closed balcony, this dedicated space is a must.

As for online communication for remote teams, it’s important that all the participants in the meeting are given a chance to speak. More often than not, online business meetings unfold in the way that business owners and/or team leaders speak most of the meeting. This might be effective for some meetings, but you should moderate most meetings so that each employee taking part in it has an opportunity to ask or answer some questions. This is both a polite and efficient manner of online business communication.

Last, but not least: avoid making jokes based on gender, race, ethnicity, medical issues, and similar politically incorrect elements. You can never tell what might offend whom so stick with respectful and cosmopolitan communication.

3.Transparent business goals

Just like with the aforementioned reward and bonus system, you should be straightforward with your employees in terms of your business goals. If they don’t know what you’re planning to achieve, they won’t have the big picture.

What’s more, when employees are explained what we expect from them, they’re more likely to get down to work with more dedication and effort. Metaphorically speaking, sailors are more determined to get to the shore when they see the land on the horizon. The same goes for employees: when you set clear goals and deadlines, distribute tasks, and determine milestones, you’ve laid down the entire organizational structure of your business.

Now everybody needs to do their share of work to get things going and share the loot at the end.

In that light, think about drawing up a business plan – version for your employees – and give it to them. Highlight the deadlines and milestones, together with the rewards at the end of the process (if feasible).

Of course, you shouldn’t reveal any confidential data about business finances, especially the ones considered trade secrets.

4.Open your mind for new ideas

Running a business today means being exposed to innovations and changes 24/7. Even if you’re not a digital business, you probably collaborate with employees or clients from other countries or regions. The world is changing so fast that every SMB-owner feels those changes.

If you close yourself within your business like a seashell, you won’t last for too long. It’s hard, if not impossible, to be a hermetic entrepreneur in such a connected world.

As opposed to that, business owners who open their minds to new ideas have better chances to succeed.

If you want to shape yourself that way, apply this open-mind strategy in everything you do.

For starters, introduce an open-door policy towards your employees. In other words, let them ask you whatever they might want to know about their role and business tasks. In such situations, treat them with respect and care, like a general practitioner who wants to keep their patients healthy.

Even if they come with ideas that you find silly or inappropriate, try not to ditch them but give them a polite explanation of why something can’t be implemented.

Apart from that, rely on your team leaders as much as possible. They’re the connective tissue between the management (or business owners) and the workforce. Those people also need to be open-minded and proactive to have the patience for their team members.

5.Understanding digital marketing

As the power of the Internet is rapidly growing, business owners need to follow suit and understand the possibilities of digital marketing.

First and foremost, as suggested by a web design company in Houston, every business needs some sort of a website. Be it a one-page, brochure-like website or a full-scale online portal, you’ll look more professional when you launch it.

Likewise, SMB-owners need to promote their ventures via social media. Several posts a week on major social networks – Facebook, Twitter, LinkedIn – will meet the needs of most entrepreneurs.

Moreover, you can use the web to hire your employees or outsource some of your services. Platforms such as Upwork, PeoplePerHour or specialized freelance websites may help you land the right people for your current and long-term business needs.

Developing managerial skills is a must for every new business owner. What’s more, it’s necessary to build some of them even before you sit in the armchair of a business owner. If you’re still a company employee, take part in as many activities as possible to understand how management works. Attend both online and offline courses that will improve your soft skills, as well. While you won’t learn everything that way, at least you’ll prepare yourself for the forthcoming entrepreneurial challenges.

Canadian Stock Market

Finding the best Canadian stocks to buy is a very important part of investing in the Canadian stock market. For a beginner, it can be a very challenging endeavour but with our help (and your dedication), you should be able to navigate through it with ease.

The Toronto Stock Exchange (TSX) has been known for its lackluster returns when compared to the high performing stock exchanges of the American market such as the New York Stock Exchange (NYSE) and NASDAQ. In order to get a good amount of returns on your investment in the Canadian stock market, you need to look for the best Canadian stocks across a number of industries. The downturn in the stock market because of COVID-19 has changed the definition of what qualifies as a top stock in the Canadian stock market. When all is going well and the market has been bullish for a decade, it’s easy to have a risk appetite but the moment we hit the quickest stock market crash in history and your investment account is suddenly down 40% in a matter of weeks, your risk appetite might suddenly become very less. Stocks that have outperformed by a large margin during the bull run, have suffered massively. These stocks are also known as growth stocks. The stocks which paid lesser, but a reliable number of dividends have performed relatively better. Therefore, if you want to invest in the Canadian stock market, you must have a mixture of both in your portfolio.

How to Buy Stocks in Canada?

Choose where to buy stocks from

A lot of stock market investors prefer working with a full-service stockbroker or buy stocks directly from a public company. However, the easiest way to buy and trade stocks is online. It can be carried out through the investment account at an online stockbroker. but the easiest way to buy stocks is online, through an investment account at an online stockbroker. Once your account is funded, you can buy the stock on the online broker’s website in a matter of minutes.

Choose the right stocks

This isn’t as simple as just buying the stocks that seem to be the most profitable. Warren Buffett famously said, “Buy into a company because you want to own it, not because you want the stock to go up.” If Warren Buffet gives some investment advice, you better listen to it.

Start with the company’s annual report — specifically management’s annual letter to shareholders. This will give you a better insight into what’s happening with the business and provide context for the numbers in the report.

Consider starting small by purchasing just a single share to get a feel for what it’s like to own individual stocks and whether you have the courage to see some difficult and volatile stock market periods through without going on anti-depressants. You can add to your position over time as you become braver, bolder, and wiser

Think long term

If you want to succeed in the long run, always maintain your perspective and don’t get perturbed by things beyond your control. What you can do instead is:

  • Get the best tools for the job.
  • Be mindful of brokerage fees. These can significantly eat into your returns.

High-Visibility Workwear: How We Got from There to Here

The summer road construction season is now in full swing. We all know what that means. In addition to bright orange cones and plenty of traffic delays, the daily commute will include an army of workers dressed in high-visibility workwear. We will see them in bright green, yellow, and orange with an occasional magenta thrown in.

Have you ever wondered where high-visibility clothing came from? Have you ever thought about how we got from there to here, in terms of how such clothing has evolved over time? Truth be told, it is actually quite fascinating. Also known as high-viz, high-visibility clothing traces its roots back to the 1930s.

A Florescent Fabric Paint

A number of sources, including the International Safety Equipment Association (ISEA), contend that the origins of high-viz workwear can be traced back to the 1930s. As the story goes, a man by the name of Bob Switzer was injured in a factory accident when he tripped, fell, and knocked his head.

Upon emerging from a coma, Switzer was told that his vision would never be what it once was. This apparently dashed his hopes of becoming a doctor. During his recovery, Switzer and his brother, Joe, began experimenting with chemicals that could be used to enhance Joe’s magic shows. The pair eventually invented florescent paint, which Bob tested by putting it on his wife’s wedding dress.

The ISEA says that the Switzer brothers were responsible for developing the Day-Glo paint brand. From their business venture came efforts by the U.S. government to come up with its own luminescent paints for use during World War II.

Modern High-Visibility Clothing

Fast forward to the 1960s and a small group of railway workers in Glasgow, Scotland. They were issued high-visibility vests to keep them safer at night. It worked so well that government officials in both Britain and the U.S. started working on official safety standards. Meanwhile, the vests were issued to all workers on the West Coast Main Line in 1965. British legislation drafted in 1974 and 1992 made high-visibility clothing mandatory for certain professions.

High-visibility standards were enacted in the U.S. in 1999. The American National Standards Institute (ANSI) created multiple scenarios, divided into three classes, for which workers should be required to wear high-viz workwear.

The standards have been in place ever since, with addendum’s made in 2006 and 2007. Our standards in the U.S. are not all that different from those in the UK and the EU.

Who Wears High-Viz Clothing

According to Salt Lake City-based Alsco, quite a few professions use high-visibility uniforms. Road construction and railway workers have already been discussed but stop and think about all of the others you have seen over the years. Building construction workers immediately come to mind. They wear high-viz clothing so that equipment operators can see them.

Police officers wear high-viz vests when they are out directing traffic. Firefighters wear coats and pants either made with high-viz fabrics or equipped with high-viz tape so that they can be seen inside buildings even when the power has been cut.

Others include:

  • utility workers
  • airport workers
  • heavy equipment operators
  • oil rig workers
  • military personnel
  • refuse collectors

The list goes on and on. Anywhere workers are at risk of accidents involving vehicles or other workers, you will find high-visibility clothing. From factories to industrial warehouses, high-viz workwear keeps workers safe by making them easier to see. And to think, it all started with two brothers who wanted to make magic shows more exciting. One man’s excitement is another man’s safety.

The Scoop on SEO Resellers

If you have tried working on your company’s website to improve its SEO, you know that this can be a difficult task. It can be difficult to get backlinks and organic traffic. If this is not something you have extensive experience in, you can quickly get frustrated. This happens in a lot of companies when their teams do not understand SEO. Thankfully, businesses can hire an SEO reseller to help them with this problem.

What Are They?

Resellers are agencies that specialize in SEO and sell their services to other companies. Think of them as SEO experts who have perfected a process that delivers better search results. They have many relationships and can get high-quality backlinks easily. Resellers may also have teams of writers to help you create content for your website that boosts your SEO. With top resellers, you will be able to easily order backlinks or content and track the results of your purchase.

Why Outsource SEO?

Outsourcing your SEO could save your business money and give you the results you are looking for. While SEO is costly, it is necessary. If you hire a consultant, you may have to pay hundreds of dollars an hour. Having an in-house SEO team does not make economic sense either since these specialists do not come cheap. However, SEO is vital for marketing success. Because of this, many businesses are continuing to invest in their SEO campaigns. As SEO continues to become more complicated, it has become more than simply buying some backlinks and stuffing your webpage with keywords. Now, it is intertwined with Google’s algorithm. This makes an SEO manager’s job more complicated than ever. Fortunately, resellers understand this algorithm and can use it to boost your website.

Hiring a reseller can take some of the marketing burdens off of you, giving you more time to focus on building your company and pleasing clients. Finding the right reseller can save your company money, give you marketing success, and help you navigate the complex world of SEO.

Stop COVID-19 spreading within your home

You can do your bit to stop the spread of Coronavirus by keeping your client’s house clean and pathogen-free. Take a look some effective cleaning tips and tricks that you can implement into your daily duties:

Social distancing, self-quarantine and frequent handwashing are crucial to stopping the spread of Coronavirus. So is keeping a clean home. Dirty surfaces can harbour bacteria, mould and mites that can weaken your immune system. Even worse, they may harbour the Coronavirus itself. Because of this, many people choose to engage professional cleaners.

Before you start cleaning and protecting your client’s home during the pandemic, make sure you have the appropriate levels of business insurance. Public Liability Australia specialises in getting you a range of quotes online from multiple insurers so you can find the best mix of cover and price. Check out Public Liability Australia Here to generate hassle free quote for your business. All you have to do is answer a few short questions and they’ll have your policies delivered to your inbox in minutes.

  1. Clean the house as thoroughly as your equipment and time constraints allow. Clients are often on a budget nowadays, so it’s important to assess the right amount of time a house will take to clean before quoting. Some larger tasks like vacuuming or cleaning the entire bathroom can be done on a weekly basis. Make sure to have a balance of time to scrub their house as thoroughly as they desire versus what the property requires. For example, large cleaning tasks such as cleaning the bathroom completely may only need to happen on a fortnightly basis. Professional cleaners can be engaged on a regular basis, perhaps weekly, to clean surfaces, disinfect and deep clean the most touched parts of the property.
  2. Focus your attention on surfaces that are touched regularly. Disinfect germ hotspots like the bathroom sink, light switches, doorknobs and drawer handles. You can use bleach or alcohol-based cleaning products. Both are harsher cleaners that are effective disinfectants but are suited for different surfaces. Bleach should not be used anywhere where food is prepared as it is toxic, make sure all the bleach has been wiped away before moving on. Bleach can also stain certain surfaces so make sure to research which surfaces are appropriate for bleach.
  3. Once you’ve cleaned an area such as your kitchen, bathroom or floor, you will also need to dry it. A wet counter-top can harbour germs and provide them with an ideal breeding ground and undo all of your hard work. Paper towels are a good option and should be thrown in the bin after a few wipes. You can use a clean hand towel for kitchen and bathroom surfaces, or a bath towel for hard floors. However, these reusable items require laundering, which may be too time intensive for cleaning professionals who have time constraints.
  4. Be sure to stock up on these invaluable products:
  • Disposable towels and cloths: If you can get your hands on Chux cloths, paper towels, or similar disposable cleaning aids, use them whenever possible. You can even use clean rags and throw them out or launder them afterwards with a hot wash.
  • Industrial/Hospital grade disinfectants: These are essential in the current times where clients are looking to protect their homes from COVID as well as get a good clean.
  • Steam cleaning tools: These can come in large and portable sizes for couches, furniture or carpets. These are time consuming to use but provide the deepest clean for porous surfaces.
  • Buckets and mops: Try to use two buckets when you mop the floor. One bucket for detergent and another one for rinsing down the floor.
  1. Bathrooms are notorious for harbouring germs. Clean the toilet with a bleach-based product every two days (or however often the client allows), and make sure that taps and buttons are cleaned. Disinfect surfaces that are touched regularly like your toilet’s flush button, tap handles, the doorknob, the light switch and the power point. Just be careful not to introduce liquid into the socket.

To reiterate, even though these cleaning routines are best practice amidst the COVID-19 pandemic, they are sound practice regardless. Be sure to encourage your clients to maintain and book in regular cleaning routines. This will ensure that their property never reaches that too messy point. A house that is in disarray can provoke poor health outcomes, hinder productivity and generally put you in a bad mood.