PATECH-SOLUTIONS

How to Increase Profit for Company

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Profit

The growth of business is a major goal for most business owners and entrepreneurs. Today’s economic challenges offer many unique opportunities to expand their businesses that already have special abilities. Growing a business and increasing profit is an ongoing challenge, if you have used the same method of business development for some time, even though there are still many ways to expand your business in the current era of economic growth. You can follow these tips :

1. Plan a business expansion strategy

Planning is one of the keys to starting a business expansion and increasing your business profit. Think about each expansion mode and adjust it to the business that you are running. Start making a planning list and do a little market research to learn about the opportunities and also the problems faced for business expansion.

2. Add new products and services

You need to take this strategy seriously. You need to know the products and services that customers want. After that, determine whether you can sell products and services until you can make a profit. The best way to do this is to conduct thorough market research before seeking resources for new products and service expansions.

3. Expanding markets to new territories

The essence of this strategy is to market and also sell products or services to new customers. New customers can come from different segments or different locations from where you operate. If the type of business that you are doing is retail or store, then the type of expansion might be the opening of new locations in different areas both in different cities or provinces.

4. Reducing Load

One of the most reasonable ways to increase your profitability is to reduce or control the company’s expenses. One of the advantages of controlling company expenses is that they cut almost half of your profits. For every rupiah you save by eliminating some of the company’s burden, you can receive extra money from your profits. Many ways to reduce the burden on your company. You have to be creative in doing it, full of concentration and analysis. Although operations are part of a business that cannot be eliminated, you must think hard about how you can reduce the operating burden very carefully. You also have to consider the good and the bad in the long run. You should also consider the effects of cutting the burden, don’t just think about the short term, but the long term should also be considered. Be very careful about expenses and make a strategy for your expenses. After you commit to increasing the profitability of your company, controlling your company’s expenses is the choice that should be your first choice. Because for every control over company expenses will have a direct influence on your income.

5. Increase Sales

You can increase sales after your expenses are reduced. You need to set a strategy to reduce spending. But increasing sales is more fun than reducing the company’s burden.

Those are some creative ways to increase your company’s profit. Opening a second branch is much cheaper than starting your new business from scratch. In addition you can also get more new customers. It can also provide an increase in additional benefits. Hopefully this article can be useful for those of you who want to expand your business and profit on the business being run.…

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All About Google My Business

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Google My Business

What is Google My Business?

Google My Business is Google’s service that is intended for business owners to easily find on the internet. Google business was first introduced in June 2014 to respond to the anxiety of business owners who are having a hard time getting their business on the front page of Google. To be on the front page of Google search results must make more effort and know SEO techniques on the website.

Google My Business Features

You need to know there are various features of Google my business, including:

a. Business name

Explain the name of the business, avoid using spam keywords on the business name to avoid disabling the Google business account.

b. Business Description

Explain what business you are in, the maximum description can be filled up to 750 characters.

c. Website Address

Filled with the website address of your business, this can be one source of traffic to your business website.

d. Ratings

Star rating shows how good your business service is, this rating gives directly from consumers.

e. Photo

For photos try to be filled as good as possible, this will be a consideration for consumers coming to your business.

f. Address and Maps

You can fill in the address clearly and use the map coordinates as accurately as possible. Consumers will easily find your business address and not get lost.

g. Operational hour

To be completed in accordance with your business hours of operation, if you close at any time you can edit it.

h. Telephone

Fill in the telephone number that you can call.

i. Question

For questions that come from consumers, try to always answer the goal so that your business Google account gets a better rating.

j. Review

Your business reputation will be bad if you get bad reviews. You should avoid getting bad reviews.

Benefits of Google My Business

You as a beginner can follow the benefits of Google My Business:

1. Provide valid information to customers

You need to provide valid information about your business to increase customer trust.

2. Bring up your business on Maps

Your business will appear in search and appear on Maps. Customers who don’t know the direction can make directions to your business address.

3. Being a 2-way communication media

Customers can make 2-way communication to business owners through feature questions that you can ask. Suggestions for business owners to be able to answer all the questions that come in.

4. As a customer analysis tool

Customer analysis can be done from rating ratings and reviews written by customers. If customers have input or complaints, you are expected to follow up so as not to worsen your business ranking.

How does Google determine local ranking?

a. Relevance.

Relevance refers to local listings that match what consumers are looking for. Consumers can add complete and detailed business information. This can help Google better understand the business and match your listings with relevant searches.

b. Distance .

Google can read the location of consumers. So that will provide a Google My Business profile that is close to consumers in search results.

c. Fame / Excellence (Prominence).

Excellence refers to how well-known the business is. Some places stand out more in the offline world. For example, well-known stores or well-known brands that are familiar to many people also tend to stand out in local search results.…

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Financial Plan for Success in Business

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Financial

Some entrepreneurs are too focused on their ideas, and not on their finances. If you always care to examine why business starters fail, you will see that the problem includes a lack of innovation, mismanagement of financial resources, failure to hire the right people, inability to access capital; Inability to adapt to changing business environment and immigration policies. Have you ever asked what the American economy would look like if most of the failed businesses were successful? Let’s start with repairs. Most small businesses are born based on big ideas and not financial problems.

1. Get to know your business cash flow analysis

Some small business owners do not have a financial background, but are curious about the basic inflows and cash flow for their business. You need to balance these two and maintain a cash balance. You can manage your funds to cover operational costs and estimated potential problems in the future.

2. Ask the Consultant for Help

It is impossible for a small business to become an expert at everything, which is why trying to hire permanent employees to cover every function is a mistake. Compare the costs of hiring permanent employees to get the services you need from a consultant. You can save business resources and achieve greater results by hiring a consultant in no time. Use a consultant for specific skills needed in the short term, as opposed to hiring someone.

3. Financial discipline

Generally, tightening financial discipline is not only on business requirements, but also as a habit that small business owners must instill with as much passion as they do with the big idea. You need an annual budget that really takes into account seasonal spikes and declines, plus anticipating periodic capital expenditure. Second, use VPN and personal internet protection to prevent hackers. VPN private internet access is quite affordable and is one of the safest ways to surf your web.

4. Business Profit-Loss Projection

Making projections or the number of sales forecasts and operating expenses is important to do. I suggest you make projections for the next 12 months from the first time the business operates. How to make a projection is to compare the potential sales revenue (turnover) with the cost of goods sold (cost of goods sold) plus fixed operational costs (fixed cost). Set the estimated sales price.

5. Estimated Cash Flow

A new business often needs cash to build the capacity needed to serve customers. Having an estimated cash flow of funding is important to avoid funding shortages at the start of a business. Funding activities in cash flow include activities to obtain cash from investors or creditors needed to carry out and continue the company’s activities. Funding activities include the issuance of shares, selling treasury shares, and payments to shareholders.

6. Risk Management

No matter how good a business idea, the name of risk is always there. In a business plan, this business risk is operational risk, liquidity risk, business receipt and others. Don’t forget to write down strategies to deal with this worst possibility.…

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Tips to Create Successful Web Business

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Web

For now this website is a media that helps in various fields, including business. Do you want to be successful in creating a web business? Follow the 9 tips below:

1. Responsive Web Design

The first way to create your own website is to try to design responsive pages. So your website will adjust its size when viewed on various devices of different sizes. You can learn to make a website with HTML from various learning sites that are already available on the internet.

2. Web Branding – Logo, Font & Color

Your website must have a consistent feel & appearance for logos, fonts, colors & languages. Branding is perfect for anyone of you who want to know how to create a website for a business that is not less competitive with companies that are already large.

3. Eye-Catching & Magnetic Photo Choices

It is very important for you to choose an image that meets your business goals & perfects your design and layout. If your web uses good photos, you will get a higher sales conversion rate.

4. Clear, neat & intuitive navigation

Website with easy navigation makes the visitors feel at home to explore the contents page & get more information about your goods or services. Webs with friendly navigation will increase your sales conversions.

Why does this have to be done?

There are several types of people who want to shop (both online and offline).

  • First, those who like to go around and search everywhere, after getting the items he wants, then he buys. People like this are not too worried, because indeed they do not question navigation.
  • Second, those who enter the store (online or offline) directly want to go to the place they really want to go to, for example, at Sribulancer.com there are those who want to directly look for website creation services, so we provide navigation that directly leads to the service page for the website.
  • Third, those who are interested in flashy displays. For example, they enter the store (online or offline), they see there is a promo hanging at the top (to be navigation if on the website).

5. Clear Contact Details

It is very necessary for website visitors to be able to contact you for further questions or assistance. This is very crucial so that your website becomes user friendly, transparent & trusted. Website visitors who cancel a purchase by ignoring the shopping cart when checking out – after learning the website does not include clear contact details.

6. Persuasive headlines that make you stop & read

Tips for making the next website is to use headlines that are on every page. Headlines that are persuasive and explain the benefits will make your visitors stop & explore your website. Your headline will determine whether website visitors will stay on your website or run away immediately because they feel your website is not worth seeing & is just time consuming. Remember, if your headlines aren’t interesting – your content won’t be read.

7. Content Promotion – Blogs, Videos & Download Materials

Every web marketer knows that shared content will cause interactions. Blogs, videos & downloadable material greatly influence web visitors to get to know, like & finally trust you. Content promotion affects the occurrence of greater sales conversions.

8. Strong Call-To-Action

Call-to-action is text or graphic design that encourages website visitors to take the next specific step on your website. Adding a call-to-action button increases the interaction of your website visitors. A large Call-To-Action button & color contrast causes an increase in clicks on your website.

9. Indicators of Trust – Awards, Guarantees & Testimonials

The trust indicator shows potential web visitors that you are a safe choice to do business. In addition, trust indicators give them an idea of ​​what they can expect from you. Website visitors say that positive reviews make them trust the company more. Business owners say that company reviews & reputation are the two most important factors for them to collaborate with.

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