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5 Things Medical Businesses Should Consider Outsourcing

5 Things Medical Businesses Should Consider Outsourcing
Outsourcing as a concept comes up in a lot of discussions about things like customer service and IT, but ultimately, it’s something that can be done in any industry. Those who work in the medical industry could potentially benefit from outsourcing some of their functions, as it frees up more time for patient care, sales and other important things, and here are some areas you might want to outsource. 1. Logistics If your contribution to the medical industry is manufacturing or providing equipment, from large machines to PPE, then logistics are bound to be important. You need to get your products into the clients’ hands as quickly as possible, and in one piece too. Consider outsourcing to the experts in medical logistics from Rhenus High Tech, as they can find the best way to set up your system and get things from A to B quickly and inexpensively. 2. IT IT outsourcing is quite common, as a lot of industries struggle to find talent on their own shores, so need to look overseas. This can also save them a lot of money. In the medical industry, some of the IT that is outsourced includes: Data entryCodingCybersecuritySoftwareTechnical support If you work in the medical industry and have struggled with IT and need support, then outsourcing may be a good choice for you. 3. Accounting Medical businesses often have a large turnover, which means a lot of money that needs to be dealt with. Whether it’s filing your tax return or financial planning for the future, outsourcing your accounting functions makes a lot of sense. Not only does this save you money on accounting costs, working with an outsourced accountant can mean a faster turnover and great results. 4. Admin Day-to-day admin can be extremely annoying and time-consuming. Whether it’s sending out reminder letters or updating records, your admin team will no doubt be very busy keeping up to date with your admin needs. Outsourcing admin saves you so much time. You simply send all the little pieces of work you need done to a central admin base, and it’s sorted out for you, with the completed work simply e-mailed back or uploaded to your server. 5. Manufacturing Many of the skills needed for manufacturing can be difficult to find locally, and for some medical companies, it makes sense to have manufacturing processes done overseas. While this can make importing goods into the country more complicated, it can overall save you money, as parts and labour costs are often cheaper. Manufacturing overseas can also be more efficient at times. While you have to factor in shipping times, working with skilled people overseas can get your jobs done faster, so overall times can be lower, and you can have a better turnaround. If you are looking to save time and money, then outsourcing can be extremely helpful in the medical industry. It means you can get more important things done and focus on what matters, knowing that the little things are...
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Why you need to protect your company from online crime

Why you need to protect your company from online crime
The world of work has changed considerably over the last 30 or so years. From the relentless pace and inventiveness of technology to the widespread adoption of the internet, email, messaging, and video apps, it’s almost impossible to think of any company these days that doesn’t rely on online services at least to some degree. As the boundaries between the real and virtual worlds continue to blur in both our personal and work lives, so our reliance on online tech continues to increase—and will do so even more in the future. However, while most of us use the internet purely for good reasons, there is an unfortunate dark side to the online world—a world filled with nefarious online criminals who are all too ready and willing to exploit our data. Cybercrime—the greatest risk facing companies today In a recent survey among company owners and bosses, the majority cited the potential for exploitation through cybercrime as their greatest fear and danger facing their firms. Online crime has been growing exponentially for many years and the revenue generated by cybercriminals is expected to tally $6 trillion in 2021 (doubling in value since 2015). Moreover, industry experts suggest the costs associated with online crime will continue to rise by 15% year on year for the next five years—reaching a mindboggling $10.5 trillion by 2025. If you haven’t already, now is the time to act If your firm operates online to any degree, chances are high that you will have already found yourself a target of online crime—whether that be a hacked website or a more troublesome problem such as an SQL injection attack. What is SQL injection, you might ask? In short, an SQL injection is where the hacker identifies and exploits a weakness in your SQL database permission settings to gain access. SQL (structured query language) databases use statements to query data—typically executed from a web page. In an SQL attack, the hacker will execute queries that can add, read, change, or delete data stored in the database. Of course, SQL injections are just one form of attack used by hackers. Other very common types of attack include malware (and ransomware), Man-in-the-middle attacks (MITM), distributed denial-of-service (DDoS) and phishing attacks—to name but a few. Steps you can take to protect your firm If your company is like most these days, you likely rely on your website, email, and network for everything from file storage to staying in touch or allowing collaborative working. Industry experts now suggest data is the most valuable commodity in the world, far outweighing the value of oil or gold. Your data is likely the lifeblood of your firm—most certainly not anything you should be taking chances with. In truth, if you’re looking for the most robust protection against online crime, you should look at handing control of your online services to a professional security contractor. Not only will a dedicated firm take steps to ensure your protection, they will also perform a full audit on your existing network to identify possible threats or loopholes which might provide unwarranted...
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Social Media Marketing: The Best Tips for 2021

Social Media Marketing: The Best Tips for 2021
Small and large businesses all share the same interest: they want to connect with their audience through social media. There are many reasons for this, though mainly, it is to: Increase brand awarenessIncrease revenue Social media marketing makes achieving these aims possible – and it is not as difficult as it sounds! Follow these tips to gain a clear understanding of how you can use social media as an effective marketing tool for your business.  Share high-quality content Every successful business regularly shares content on their social media pages – it drives consumer engagement and enables them to promote their products, services, and everything else that is important. It is simply not enough to post content every couple of months out of obligation – that is poor branding. Before you start working on any content, it is a great idea to create a content calendar, which is a tool used by many social media professionals. A content calendar puts all your content plans into one document, which helps you to organize upload dates and who oversees each project. Microsoft Excel is one of the most popular choices for doing this. Here is an Excel function list to get you up-to-date on how to use Excel. Your content calendar should include: The title of the contentA detailed description of what it is aboutCreators (which employees are working on it?)The platforms the content will be shared onThe deadline Now, what makes for high-quality content? High-quality content could be anything from a blog to a product unveiling video, but it should always: Benefit the audienceEvoke emotionBe aesthetically consistent with your brandCatch the viewer’s attention, be it through an interesting title or thumbnailBe posted on the right platform (for example, a ‘How To’ guide is probably more suited to YouTube than Snapchat) Make your brand ‘human’ A popular trend in social media marketing right now is making your brand as ‘human’ as possible. Corporate jargon is often thrown out of the window and replaced with everyday language, often even humor evolving around memes. However, this can occasionally cause controversy – so do not get too carried away trying to be funny. So, make sure to express your personality, regularly engage with your audience, and even show the faces of some of your employees. Analyze your performance A major positive of social media marketing is that platforms (such as YouTube and Twitter) enable your business to see how your posts are performing. For example, you can see how many views your videos receive. Moving forward, this gives you a clear idea of what is working and what is not, so you can make smart changes. It is expected that 92.1 percent of U.S. companies (with 100+ employees) will use social media marketing by 2022, meaning analyzing your performance levels is going to be a valuable tool to stay competitive. Finally… Do not oversaturate A fatal mistake that many businesses are currently making is oversaturating their audience with social media posts. Too many videos, too many questions, too many hashtags – it is not good. It will frustrate your audience and potentially make them leave. Make sure you find the right balance for keeping people engaged without scaring them away. It may take some time, but you will get there in the end....
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The Main Benefits of Outsourcing Your Accounting Function

The Main Benefits of Outsourcing Your Accounting Function
Outsourcing has become increasingly popular over the last few decades as companies have realised that delegating a variety of business operations to a third-party provider can give them a number of benefits. Indeed, outsourcing your business operations can provide you with a number of benefits, especially in relation to your accounting functions while you should also understand that a variety of third-party providers are available on the market. This is especially pertinent if you are starting up a company and you do not have the relevant accounting experience to carry out this particular management function of your business. In addition, you should also be aware that accounting is essential so that you can generate profitability as well as reduce your operating costs. However, if you are unaware about how to go about the process of outsourcing your accounting function, you should think about consulting an online business directory as you will be able to identify a number of providers that you can contact. 1. Increase your profits One of the main benefits that your business could enjoy by outsourcing your accounting function is that you can increase your profitability. Indeed, outsourcing allows you to spend your resources on the important core business operations so that you can generate more profit. This is definitely an advantage if you are looking for an outsourcing provider, such as Acclime, that can give you the highest quality accounting services in Vietnam. It is also important to understand that you can minimise your risk as well as ensure your financial statements are prepared correctly. This is especially pertinent if you do not have the in-house accounting knowledge while making sure your financial statements are correct at all times is imperative if you want to be legally compliant at all times. 2. Reduce your operating costs Furthermore, you should also be aware that outsourcing a particular business function can allow you to reduce your operating costs. Indeed, by outsourcing your accounting function, you will not have to pay salaries or other recruitment expenses to hire qualified and experienced accounting personnel. As a result, you can focus on your core operations if you are just starting out in business, instead of the support functions that are required for you to carry out your business. 3. Improve your decision making process Finally, you should be aware that if you are looking to outsource your accounting function, you can improve your decision making process. Indeed, this is especially important if you hire an experienced and professional third-party provider as they will be able to provide you with information pertaining to your accounts as soon as possible. This can allow you to improve your decision making process as well as yield reliable information so that you can make better decisions in a short amount of time. Increase profitsReduce costsImprove decision makingThe Main Benefits of Outsourcing Accounting Function Therefore, in conclusion, if you are a business owner and you are looking to increase your profitability as well as reduce your operating costs and improve your decision making process, you should consider outsourcing your accounting function to a third-party provider as soon as...
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5 Entrepreneurs who Prove Personal Branding is Critical

5 Entrepreneurs who Prove Personal Branding is Critical
Instead of just telling you why personal branding is essential, it might be more effective to give you some examples of other entrepreneurs who illustrated just how crucial personal branding could be. Here are five people who started as entrepreneurs but knew early on that, as a business leader, it was just as essential to build their own reputation as it was to build the company’s. Whitney Wolfe Herd Whitney Wolfe Herd recently made headlines as the world’s youngest female self-made billionaire when she took her dating app, Bumble, public. She has been in the public’s eye for longer than just recently, though, having been involved in getting the dating app Tinder off the ground, as well as ventures before that in the nonprofit world. Whitney Wolfe Herd has meticulously crafted a personal brand around her wild success, taking the lead in empowering other women to take on leadership roles as well. She’s also built a reputation around standing up for herself when she filed a lawsuit against Tinder in 2014 for harassment. Her personal brand is all about building other women up in the world of business.  Bill Gates A household name around the world, Bill Gates is a constant fixture on the list of the wealthiest people in the world, usually trading places with the likes of Jeff Bezos, Warren Buffett, and Elon Musk. However, he didn’t start rich and famous; he and Paul Allen cultivated a public persona of a couple of “wunderkinds” who were constantly innovating in the world of software and personal computing. This personal brand allowed them to find Microsoft, create a reputation for excellence, and land lucrative contracts with IBM computers. Today, Gates has moved outside of the world of computers and is well-known for his philanthropy. Personal Branding Tips Warren Buffett Warren Buffett’s name is synonymous with being an expert investor, and this reputation didn’t come around by accident. From an early age, Buffett was constantly looking for ways to turn his money into more money, but he had to build a personal brand to get people to trust him enough to invest in his company. Without a proven track record of success, Buffett had only his personal brand to convince his friends. And convince them he did, along the way founding one of the most profitable companies in the world, Berkshire Hathaway. Elon Musk More people probably know Elon Musk’s name than either of his businesses, Tesla or SpaceX, and that’s because his personal brand is larger than life. A self-made billionaire, Musk was involved in two massive buyouts when he was young, helping to cofound Zip2 and PayPal and receiving a big payday when Microsoft and eBay acquired them, respectively. Elon Musk has long proven himself a visionary, and when he speaks, multiple industries listen; his Tweets have been enough to affect the stock market. Musk proves that there’s a lot more to business than just a fancy logo (but if you need help designing a logo, check out LogoCreator, where you can do it for free). Richard Branson The final entry on our list is Sir Richard Branson, an Englishman who founded the Virgin Group and is one of the world’s wealthiest men. His entire company is built around his fun, energetic, adventurous brand, and has become an innovative and daring company. Branson’s company follows his lead, and most people know his name and what he means. He’s a successful example of an entrepreneur whose personal brand could take his company to incredible heights. All of these insanely wealthy people started out as simple entrepreneurs, but they grasped early on the importance of getting publicity around their personality...
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