Tips to ensure business continuity in the golden age of start-ups

Whether you want to start an online clothing store, real estate firm, or Blockchain venture, the economic context has never been friendlier for entrepreneurs. Funding options are more flexible than ever before, digital marketing is affordable, and customers are generally receptive of startups. At the same time, competition is becoming fiercer by the day and success is by no means guaranteed. In fact, statistics show that, even with the perks above, 90% of startups fail. A solid business plan and a great product are the basic requirements for a healthy organization, but here’s what else you need to ensure its continuity:

Mentorship and professional business counseling

Everyone looks up to entrepreneurs and expects a great deal from them. They have to be leaders, innovators, strategic thinkers, and financial experts. However, entrepreneurs are humans too and they can’t achieve everything at once. Not without help, at least. Even if you strongly believe in your product and mission statement, running an organization is never easy, especially when you’re doing this for the first time. A mentor or business counselor can help you navigate the troubled waters of entrepreneurship and contribute with their know-how to help your organization thrive. Successful businessmen like Lawrence Jemal have made companies excel so if you feel that your goals are beyond reach, don’t hesitate to ask for advice. According to the Startup Genome Report, which delves into the reasons why most startups fail, mentored startups grow up to 3.5 times faster than unmentored ones and raise seven times more money. Lack of experience isn’t necessarily a drawback if you never stop learning and know where to ask for help.

Mastering scalability

After months of planning and grinding, finally breaking through and turning your brand into a household name is both rewarding and intoxicating. While it’s normal to be excited, celebrate, and make big plans, you should also stay realistic. Growing too much, too soon can have the opposite effect and generate an internal crisis. For best results, you should try to expand slowly, based on a thorough scalability plan. Without the resources, staff, and infrastructure, small startups can become overwhelmed, encounter production issues, and fail to deliver. Overinvesting and growth for the sake of growth aren’t good in the long run. To ensure business continuity, your expansion plan needs to be realistic and sustainable.

Balancing innovation with feasibility

Buzz phrases like “disruptive”, “thinking outside the box” and “making the world a better place” make entrepreneurs want to shock and inspire. While innovation is important in business, it also needs to be rooted in the reality of the market. A product idea may sound awesome but do you have what it takes to make it real fast enough? According to a 2015 study, 42% of innovations fail because they take too long to develop and customers lose interest. And last, but, definitely not least, ask yourself if there is a demand for your product. To be successful, you need a creative spirit, but a practical sense is just as important. Once you’ve managed to reach a balance between these two, you’ll be unstoppable.

Best Storage Companies to Watch

The term “Data” plays a key role in this technology era. It is one of the important factor in keeping a business’s information secure. Regardless of whether it is a Company, Big or Small Business, Hospital, or an Educational Institution, the need for storing and managing data is increasing day by day.

There is no denying that today’s world has fully embraced the digital age and that countless data and storage files are primarily kept in computers. Let us imagine, if a computer crashes or malfunctions, then there may be a possibility of the data being wiped out and never recovered again which causes a huge threat in data preservation and storage. So, Data storage and backup have become an important phenomenon in today’s technological era. Be it any business, big or small you will need more space for data storage. The ability to affordably, reliably, quickly, and securely leverage data will determine the success or failure of any organization. Storing and managing the data is critical to a company’s behind the scenes success.

In an attempt to assist you with what can become a daunting task of selecting the right product, these are the 5 Best Storage Companies to Watch 2020 listed by The Silicon Review.

Read More…

https://thesiliconreview.com/magazine/profile/5-best-storage-companies-to-watch-2020/

Accounting Software features and benefits

ACCOUNTING SOFTWARE:

The financial management of the company and the bookkeeping is facilitated by an IT solution in a company which is called Accounting software. It serves simple management quotes, invoices, cash to the complete internalization of the general accounting.

Accounting systems describes a type of account that can manage records and practice accounting transactions within commercial modules such as payable accounts, general ledger, payroll, and trial balance.

MAIN FEATURES OF ACCOUNTING SOFTWARE:

The features of software play an important role in the monetary development of a company.

MAKE SIMPLIFIED PAYMENTS VIA A PAPERLESS PLATFORM:

If you want to exchange or facilitate between your partners, customers and your company. Some software offers the possibility of money transactions or makes payments via an electronic payment platform. Money contracts will be directly submitted to your accounts to automate bank reconciliation and lettering. These altercations are completely secure which allows you to make payments without any apprehension.

COMMERCIAL MANAGEMENT AND BILLING:

It doesn't matter whether you are a self-employed, very small business, a craftsman or a commercial company, you can make your accounting management to be fully aware of all the records, money transactions, and your company's financial status. You can prepare your balance sheet, income statement and a general appendix with more ease and comfort by frequently updating your software.

Why use Accounting Software in business?

Benefits of Online Accounting Software:

·         Time-Saving:

You can save your time by operating accounts and finance using automatic procedures. It can save you precious time which you can utilize it doing other transaction work.

·         Reduce Your Accounting Costs:

The services provided by accountants can be utilized through internalizing and adopting amenities. It can easily diminish the expenses and automatically will benefit your business or company.

·         Balance Sheets:

Balance sheets can be completed in very less time by facilitating the completion of it.

·         Third-party Accounts:

It can also track third-party accounts.

·         Legal Obligations:

The transparency required for All US companies because they meet a requirement for accuracy. It also warrants compliance with Legal Obligations. 

·         Outgoing Payments:

Your monitory income and payments from your treasury, as well as fixed assets, will be a check daily.

·         General Ledger:

Accounting documents can be easily modified as they vary in common Ledger.

·         Certified Public Accountant:

Sometimes, the accountant gets the option to deal with the company's account by taking into consideration the data combined into your software online. It can also be used in conjunction with the work of a certified public accountant.

·         TAX and VAT:

The reporting procedures and declarations will be facilitated by the usage of the software.

·         NEW INVESTMENTS:

It helps you take a realistic view of your company's transactions, having the right decision for your business will allow you to make new project investments.

·         SaaS ACCOUNTING SOFTWARE ONLINE:

In Saas Accounting software, updates are done automatically because it doesn’t depend on your operating system.

·         GOOD INTERFACE ERGONOMICS:

It is really simple to use and artless to understand. Also, an accounting software solution is becoming more and more intuitive. That's why it is important to evade choosing commercial management the complicates your bookkeeping.

·         ENTERING ACCOUNTING ENTRIES:

All the accountants should not waste time daily and start entering entries. This is the foremost action of the accounting software. Basic data entry operation with the opportunity to import and export the data so the person can use the figures if you are with the candidate who will carry out bank reconciliations more easily.

·         ACCOUNT MONITORING:

It is the most important thing to do that you should be up-to-date on the transaction and between you and your employees who work in the company.

·         ANALYTICAL FORECASTING:

The Analytical forecast creation can allow you to inform you about the prospects of your company and serve you the long-term view of the potential progress of the business.

·         DASHBOARD:

It can provide a synthetic view of the transaction situation of the company.

Note:

Accounting software is an elementary tool that has a premeditated role, especially in the decision-making process It takes into account, production cost, and margin. In an exterior role, it can also be used to provide an apparition of the prospective development of the company's value, balance sheets, declarations, and cash flow, etc.

Thailand’s celebrated elephant sanctuary to host jungle bubbles for an experiential stay

Thailand plays home to one of the world’s largest elephant sanctuaries at Anantara. Known as the Anantara Golden Triangle Elephant Camp, the huge area also has a luxurious resort which will now have two jungle bubbles in order to provide holiday goers with a truly elevated experience where they can witness the wild giant in its natural environment. The transparent bubbles will have luxurious beds and a tiny bathroom and will be available to guest at a cost in addition to their room cost.

“The bubbles are booked as an "experience" in addition to your reserved resort room for 17,700 baht (US$563) per night per couple. This means you can just pack an overnight bag and leave the rest of your belongings in your suite.Guests are picked up from the lobby just before sunset, then driven down a dirt road in an open-air jeep before taking a short walk through the resort's rice paddy to get to the bubbles,” written in a report by CNN.

The elephant sanctuary is part of an NGO that rescues the friendly beasts and gives them a home. They also invite mahouts along with their elephants to live in the grounds of the resort.

Microsoft’s Xbox Series X will outfox most of the high-end gaming rigs in market

The Xbox Series X is all set to be a beast. On paper, its specs look way better than most of the gaming rigs in market.  The new console from Series X will feature an NVME SSD and AMD Zen 2 CPU; this will give it contemporary processing abilities and fast storage to significantly reduce the load times. The real star of the show is AMD RDNA2 graphics card and this component is something which the PC gamers can’t get their hands on as of now. The Xbox Series X has computing power of 12 teraflop and it is known to crunch through 12 trillion floating point operations within a second. This feature will make it twice as fast as Xbox One X, it is one of the fastest consoles that are now available in market and it is also 3 times faster than the PS4 pro.

The performance leap of the Series X is beyond remarkable and its GPU is also faster than most of the PC video cards. The high end graphic cards that PC use can’t reach the 4K benchmark reliably, Microsoft is gearing up with the launch of Series X. Meanwhile, Sony is preparing for the launch of PS5, but it is expected to be slower than Series X.

Starbucks to suspend the use of personal cups due to fear of epidemic

Since 1985, Starbucks has been following a tradition of offering a ten cent discount to environmentally conscious customers who brought in their own reusable cups in order to savor their fresh brews. Due to the looming threat of coronavirus which is causing terror all over the world, the coffee serving behemoth has resorted to suspending this service of theirs as a temporary precautionary method. For further safety, the Seattle based coffee chain has also resorted to cease all business related travel till the scare dies down.

EVP Rossann Williams said, “The Company will continue to honor its 10-cent discount for anyone who brings in a personal cup or tumbler for coffee, even though customers can't use them.We are optimistic this will be a temporary situation.We will continue to communicate with transparency and act courageously and responsibly to ensure the health and well-being of our partners and customers.Large meetings at the company's offices in the United States and Canada are being postponed or modified.”

Starbucks wasn’t clear on how long these new changes will be implemented but it is assumed that they will stay in place till the epidemic dies down. The sustainable method adopted by Starbucks in letting customers bring in their own cups has saved tons of paper cups since its implementation.

An egg a day keeps the doctor away?

Recently a study was conducted amongst 215,000 people who consumed one to five eggs a week on a regular basis. The study was conducted for a period of thirty four years and their heart health was consistently monitored in order to check for any sort of degeneration. So far the research team has not found any link between the consumption of eggs and the increase of cardiovascular disease. It has only been found that egg consumers who have type two diabetes have a higher chance of developing cardiovascular problems.

"Moderate consumption -- up to one egg per day -- is not associated with increased risk of cardiovascular disease.On average, most people don't eat more than an egg a day. They might eat two eggs per breakfast, but only two or three times per week. So the average consumption is actually less than one egg per day.," said study author Dr. Frank Hu, who chairs the department of nutrition at Harvard University's T.H. Chan School of Public Health.

The study also found that egg consumers in Asia had lower risk of heart disease because they incorporate this nutritional powerhouse into their recipes instead of separate consumption. Eggs are a powerhouse containing all essential vitamins and minerals and moderate consumption is beneficial for health.