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Tag: Business planning

  • AI, Future Predictions and I Robot

    AI, Future Predictions and I Robot

    This assignment was written by Lena Benjamin for a Foresight and Future Studies module part of the Master of Business Administration in 2009. The class was instructed to find a book to read that looked into the future and write an assignment that specifically focused on assessing macro environmental changes and plausibility of the predictions coming true in the current day. The book chosen was I, Robot which was turned into a film starring Will Smith. Read the assignment and get a subscription to watch the film here on this post! Useful links: Work with Lena Benjamin โ€ข One Hour Group Virtual Brainstorm โ€ข Income Generating & Uncover Revenues โ€ข AI For Entrepreneurs โ€ข Watch the latest movies

    Foresight and Future Studies assignment (Lena Benjamin, MBA โ€“ 4MBA7B6 โ€“ 11548340)

    I Robot, written by the late Isaac Asimov, initially introduces one of the protagonists Dr Susan Calvin โ€œrobopsychologistโ€ at the age of 75 years as she reaches retirement from the large corporation โ€“ US Robot and Mechanical Men Inc (USRMM). Dr Calvin relays her robotic experiences to a journalist as he endeavours to capture her half-century career with the company that was founded the day she was born in 1982. 

    Dr Calvin has seen the scientific development of robots when they started as โ€œnursemaidsโ€ to the androids resembling humans.

    The founding of USRMM in 1982 would have created a paradigm shift involving an entirely different experience of the human interaction with robots today in the year 2009. 

    It could be argued that the formation of the said organisation may have been necessary if there was a human need e.g. because of the constraints in intelligence or limitations in strength of humans to be able to complete certain tasks. In that scenario in order to resolve the situation the development of robots to the extent explained in the book might have been considered a plausible solution to the problem identified and hence a research and development facility like US Robots and Mechanic Men Inc could have been formed.

    Like other organisations that have the ability to develop technology and to innovate like Microsoft or Apple the evolution of USRMM could have produced robots to such an extent as demonstrated in the book particularly if robots were necessary in supporting the lives of humans.  However, humans possibly need to maintain control which may have prevailed and the advancement of robots restricted in order to manage the situation.  

    The robots in the book were governed by the Three Laws of Robotics 1) A robot may not injure a human being or through inaction, allow a human being to come to harm; 2) A robot must obey orders given to it by human beings except where such orders would conflict with the First Law; and 3) A robot must protect its own existence as long as such protection does not conflict with the First or Second Law.  If robots did exist to this magnitude then it would be advisable to implant these robots with the necessary conditions that would protect the human creators particularly if the advancement of robots created them as even more superior as they evolved. 

    I, Robot is a 2004 American science fiction action film directed by Alex Proyas. The screenplay by Jeff Vintar and Akiva Goldsman is from a screen story by Vintar, based on his original screenplay Hardwired, and named after Isaac Asimovโ€™s 1950 short-story collection. Wikipedia. Watch the latest movies & shows

    The book is split into nine stories told by Dr Susan Calvin to the journalist, each story involves the Three Laws being stretched to breaking point with the technological advancement of these robots. Each story represents a new and improved robot from the early model of โ€œRobbieโ€ in the first chapter which was purchased as a playmate/nursemaid around the late 1990s, to the highly advanced artificial intelligence known as the Machines that control the global economy by the year 2052.

    Certainly in the current year of 2009 the world is full of machines that appear to be controlling the existence of humans from the television to the computer, and from the Nintendo to the mobile phone but how plausible is it that a machine could control the world economy and dictate how the planet is governed. 

    In the 21st Century robots are used extensively in order to make humanโ€™s lives easier. A robot can be more precise and controlled than human beings. Human beings are fallible in comparison to robots. Nowadays humans use robots in all manner of industries from pharmaceutical to space exploration. There are certain restrictions that make it impossible for a human to carry out tasks because of the physical danger or because of the threat of making costly business mistakes.

    Walgreen Co a pharmaceutical firm in the USA launched a multi-million dollar campaign to โ€œinstall dispensing robots in more than 1,000 of its pharmacies according to reports,โ€ (Drug Store News, 2005). Due to the speed and accuracy of the robots this has enabled the business to decrease the amount of time it takes to process a prescription which includes counting and bottling pills, labelling and capping and ordering by the patientโ€™s last name. 

    The efficiency of this business will increase and enable the smooth running of its operations so that it can service more customers. This can be considered an indication that robots are used in the present context and that in the future robots will be used more particularly if business and commerce is sufficiently improved through the introduction of these machines.

    โ€œIt may be an old fantasy, but the basic premise that we will one day engineer machines that are at least as smart as us and whose behaviour is indistinguishable from ours is, according to many roboticists, closer to reality than we might like to think.โ€ (Bond, 2009). 

    I Robot is a story of the evolution of robots and explains that robots could pass as human beings one day. In one of the nine I Robot stories called, โ€œ Evidenceโ€ set in the year 2032 tells the story of a politician running for office who is branded a robot. In the future there is a distinct possibility that robots will look like humans and interact with humans and because there are inventors that are already working on the creation of look-alike human robots.

    Ray Kurzwell, one such inventor and writer is optimistic about the advancement of robots โ€œwe are making very rapid gains in reverse-engineering the brain, which will be a key source of the software for human intelligenceโ€ (Bond, 2009). It could be said that the Asimov wrote i Robot to show the profound effect robots could have on the lives of human beings and that they could in the future have a direct impact on how we live.

    If we look into the present day, machines are having an impact on how humans live their lives. There is a reliance on machines to do tasks that perhaps could be achieved without machines for instance the use of calculators to do sometimes simple arithmetic, however it is seen as far more easier to utilise the technological advancements of our society rather than use mental arithmetic.

    If we look at satellite navigation systems like the Tom Tom โ€“ why bother using a map when it is far easier to use a machine that will work out the route. Perhaps this is why Nintendo decided to develop a programme that would help exercise the brain because human brains have become so reliant on machines to help process sometimes relatively simple tasks โ€“ the need for this Nintendo programme was designed. 

    Certainly Isaac Asimov writings clearly suggest robots would become heavily relied upon in the future. His โ€˜predictionsโ€™ according to the book showed that it would happen at least 30 years into the future from the time the book was first published in 1950. In the present day there is currently an over-reliance on the use of machines which has changed society and the way in which business is being conducted. The external environment has altered with technological advancement appears to have an indicative impact on how humans relate to one another both on a personal level and in business and these are the consequences that Isaac Asimov portrays in i Robot.

    Governance of the Population

    The governance of the population in the case of i Robot solely concentrates on the governance of robots and not on humans. This was done through the โ€˜Three Laws of Roboticsโ€™ the humans realised that robots were far more sophisticated in their intelligence and so in this respect they would need an insurance that would help protect them against any harm that robots could potentially inflict. Humans were able to implant the laws in the โ€˜positronicโ€™ brain in order to ensure the robots obeyed orders. This process of ensuring that robots could not harm humans through being programmed appears to be indicative to how humans would have reacted. Therefore this process is plausible and realistic actions of humans and the survival instinct that all humans share. 

    The book does show how these laws were stretched to the breaking point and the book also shows the consequences of how the governance of robots can have an impact particularly in the story โ€˜Little Lost Robotโ€™ which tells the story of a potentially dangerous military robot whose First Law has been tinkered with hides out in a shipment of physically identical standard robots. This story identifies the catastrophic circumstances of a change in the law and how it had an impact on behaviour and how the robot reacted.

    Robots are completely different to humans and where humans can identify the hidden meaning in language because they have an ability to โ€˜read between the linesโ€™ a robot doesnโ€™t. So when a human military soldier said to the robot โ€˜go get yourself lostโ€™ the robot took this literally and hid among the standard robots whose First Law had not been tinkered with causing a chain of events that involved Dr Calvin having to identify the rogue robot. The first law of robotics prevents robots harming human beings and if this had been tinkered with, all be it to enable humans to conduct harmful duties without the interference of the robots, this change could potentially have devastating results. 

    Changes in any laws or processes should be done so with the possible outcomes in mind as even the โ€˜smallestโ€™ of actions can snowball into a much bigger problem as Isaac Asimov clearly identifies and illustrates in the โ€˜Little Lost Robotโ€™ story. For instance the use of robots in i Robot were considered important to being able to carry out certain tasks bringing another entity into society that was not there to begin with will have an impact and alter human behaviour. This is true of today where the EU law allows the right to work in countries within the EU which has caused an uproar to the British public who complain that foreign people are coming into Britain and taking work from British people โ€“ clearly the changes of governance has caused an impact. 

    The end of the book shows a different governance of the population where humans are considering handing over power to the machines to run the world. Set in the year 2052 the world has changed dramatically, it is now split into four regions โ€“ Eastern, Tropic, European and Northern. Each with the different Capitals and populations and each governed by a World Coordinator each having discussions as to whether it would be easier to handover the reigns to the machines. 

    Given the magnitude of some human decisions whereby Earth in the book by the end is war torn and humans have based their governance on emotions, greed and desires โ€“ the machines are not bound by those restrictions and will base any decisions on adhering to the first law of robotics and because there is no scope for misinterpretation the robots would react according to the prevention of harm to humans. With a world that has been downtrodden by the decisions that humans have made it seems plausible that there should be discussions on how to ensure human survival as the alternative is surely the destruction of the human race.

    Approaches to citizenship and leadership

    US Robot and Mechanic Men Inc, the company that makes the robots appears to be the governing body that dictates the robot population as well as the human one. Their power seems to resemble the power and influence of a Government since there is no other form of leadership mentioned. The company make decisions that impact on the citizens of the world and it could be said because of their misplaced leadership society has changed for the worst. Today, this is not conceivable there are many players that have an impact on the now globalised world. 

    The World Leaders in particular are duty bound to act in the best interest of the citizens that occupy this world and each has an obligation to consult each other. In i Robot there appears to be no consultation and US Robot and Mechanic Men Inc appear to be the only and sole organisation making the decisions. There is no resistance to the decision made by the organisation and both the citizens and the protagonists appear to follow the decisions laid down by the organisation. The autocratic nature of the leaders has prevented others having a steer on what is in the best interest of the citizens.

    Leadership in i Robot is governed by money, the theme in the later stories is that the aggregate cost of the robots reaches in the millions of dollars such is the advancement of technology. The effect of having what appears to be dictatorship type of organisation that is solely thinking about the financial implications appears to be the apparent decline of the civilisation in the book. This reinforces the concept that leadership should be about the empowerment and engagement of people that can encourage the best and eliminate the worse characteristics in people to ensure that a collective goal is embraced for the good of everyone involved.

    Two of the protagonists Powell and Donovan show their dissatisfaction of working for the organisation and the only way the organisation has retained their employment is to give them a huge salary. Powell and Donovan shows the reader that although money helps it is not the sole reason for motivating humans โ€“ job satisfaction through being able to make decisions and carry out projects are important to some people whereas for some it involves working in solitude and it is not apparent that US Robot and Mechanic Men Inc realise the importance of leadership and the impact that their decisions have on citizens.

    Corporate citizenship is not recognised in the book or its importance. Businesses should respond to not only the economic aspects of being able to maximise profits but also the legal, ethical and philanthropic responsibilities. More and more businesses are recognising corporate citizenship like Nike, Nokia and Ford and appear to have a commitment to it and will possibly in the future become even more guided by doing the right thing in society as it is recognised that industries do contribute to things like sustainability through such things like the climate change issue, therefore the apparent disregard of the organisation in i Robot does not marry up to what is happening in 2009. 

    Cultural, economic and political systems

    By the end of i Robot the humans discuss the option of turning over the global economy to the robots. The recognition in the book is that the machines can ensure stability of the Earthโ€™s economy by being able to make the necessary calculations to encourage the shifts in supply and demand. This would have a profound impact on whether adverse situations like recessions and even war could happen and these circumstances could potentially be eliminated.

    The book suggests that there could be a state of equilibrium through the precise forecasting and interpretations of data that the machines would be able to achieve. However since it is impossible to acknowledge how humans will react in any given situation it is unlikely that robots would be able to achieve this. It would almost certainly be a case of โ€˜other things being equalโ€™.

    Since many disasters in the financial world have appeared because of the mistakes or greed of humans perhaps robots could present an opportunity to reduce this problem because robots can detect whether humans are in danger at which point the first law is activated. The inconsistencies appear because of the inconceivable nature of humans deciding to give ultimate power to machines in the first place.

    It is interesting to note that Dr Sue Calvin was 75 years old and due to retire. The age of retirement may have been much later in life because it was culturally accepted to work until that age and also the norm. This is particularly going to be the case if todayโ€™s society is anything to go by โ€“ because there currently is an ageing population it is plausible to state that a person could work into their 70s to build up their pension pot (currently at a deficit state), or perhaps it will be because there wonโ€™t be a state pension in the year 2052 and it is more apparent that women will have more of an issue than men with getting a substantial pension due to career breaks, having a family, lack of equal pay for doing the same job or because of lack of financial planning. Perhaps these issues will be eliminated in the future.

    Dr Susan Calvin appears to be the only woman to work at US Robotics. Like many industryโ€™s today there are some that are renowned to attract predominantly men particularly in industryโ€™s like engineering and IT however more women are stepping into the roles that were once considered to be just for men so by the year 2052 it will be considered plausible and culturally accepted that women could be the breadwinners and more likely to contribute economically to society because it is scientifically accepted that women live longer than men. 

    The society that Isaac Asimov paints is one that is doomed by human greed and the potential destruction of humans because of it. The corruption and doom is brought on by human desires to satisfy their own needs. Today if a newspaper is picked up there is evidence of greed through simple actions like the MPs expenses debacle and the destruction through wars like the one in Afghanistan. i Robot paints a picture of the escalation of this using the technical advancement of robots that in the end may need to save the human race. The question is what will be the catalyst for change in this society that will see humans making a conscience decision to stop the destruction not through robots but with unselfish collective desires to make a change that will see everyone benefiting โ€“ perhaps this is too much like a utopia.

    References

    Asimov, I., (1996). i Robot. London: HarperCollinsPublishers. 

    Bond, M., (2009) Smart robots[control robotics]. Engineering & Technology. 4 (9), 44-45.

    Drug Store News (2005). Seeing Robots In The Future. Drug Store News. 27 (4), 72-84.

    Futurist (2004) The Art Of Foresight. Futurist. 38 (3)May/June, 31-37.

    Goldman, M., (2009). The Future Does Not Look Pretty. Millimeter, 37 (3), 17-19.

    Matten, D. Crane A., (2005). Corporate Citizenship: Toward an extended theoretical conceptualization. Academy of Management Review, 30 (1), 166-179.

    Sukhatme, G. Matariฤ‡, M., (2002). Robots: Intelligence, Versatility, Adaptivity. Communications Of The ACM, 45 (3), 30-32.

  • Reasons to Sell Your Business

    Reasons to Sell Your Business

    As a business leader you are in charge of making many different exceptionally intelligent decisions about your company. You might have started with absolutely nothing when you first started out in business, and built yourself from industry and an empire that has now paid off from all your hard work. 

    Selling your business may be one of the most important decisions that you can make when you are a business leader, and itโ€™s because you are selling something you have spent time building. Whether you want to sell a business right now or you are looking to sell a business in the future, weโ€™ve put together a list of reasons why you should say yes and go for it. Not all of these will be applicable to you right now, but they might help you to determine what you should do next.

    • Youโ€™re ready to retire. You donโ€™t have to be of an advanced retirement age to decide to retire. If your business was good enough and big enough while you were young, you may find that retirement at an early age is your best option. Itโ€™s one of the most popular reasons to sell a business, and if you are done running it and you want to pass it on to somebody else or you want to sell it to somebody whoโ€™s going to take it to new heights, the time is now. Of course, you have to time this planet correctly so that you can work with a solid business broker who can get you the best possible price for all of your hard work.
    • There are risks. There might be some things happening in your business right now that mean that the changes are putting your business model at risk. Maybe the market has become saturated with competitors or the type of work you are doing is just not in line with your skillset anymore. Maybe the landscape has changed and your business is going digital where previously youโ€™ve never run a digital business before. There are plenty of reasons you might choose to sell, and not wanting to put yourself or your capital at risk is a good reason.
    • You are interested in something new. Maybe as time has gone by you developed interest in other fields? Wanting to sell your current business so that you can start something new in some other field is a really good reason to turn around and say that itโ€™s time to let it go. Changing business types is another popular reason to sell, and itโ€™s an understandable one among business buyers.
    • Money and opportunity. If your business is doing very well, you might decide to sell while itโ€™s at its peak so that you can get the best possible return for all of the time and the money that you have invested. Some business owners have that flipper mentality where they will buy a failing business, develop it to be a profitable one, and then sell it while itโ€™s high. They rinse and repeat over and over to build their wealth. Others might worry about your ability to sustain such high levels of performance, and then they would sell when the market conditions of rights. As long as you wait for the right offer, youโ€™re not doing anything wrong by selling now.
  • Overcoming the Stress of Starting a Business: Tips to Help You Succeed

    Overcoming the Stress of Starting a Business: Tips to Help You Succeed

    Starting a business is one of the most stressful things you can do in your life. You are taking on a huge risk, and there is no guarantee that you will be successful. However, with the right tips and advice, you can overcome the stress of starting a business and increase your chances of success. In this blog post, we will discuss some of the biggest causes of stress for entrepreneurs, as well as ways to deal with them. We will also provide helpful resources that you can use to get started on your own journey to entrepreneurship!

    Fear of Failure

    One of the biggest causes of stress for entrepreneurs is the fear of failure. This is completely understandable, as there is a lot riding on the success of your business. However, you cannot let this fear hold you back from achieving your goals. Remember that even the most successful businesses have had their share of failures. The key is to learn from your mistakes and use them to make your business stronger.

    Talk to Experts

    If you are feeling stressed about starting your own business, it is important to seek out advice from experienced entrepreneurs. There are many resources available that can help you get started and overcome any challenges you may face along the way. The Small Business Administration (SBA) is a great place to start, as they offer free counseling and resources for small businesses. You can also find helpful advice from business incubators, accelerators, and the SCORE Association. These organizations can provide you with the guidance and support you need to succeed.

    Clear Vision for Your Business

    When it comes to starting a business, there is no one-size-fits-all solution. Every entrepreneur has their own unique set of skills and experiences that they bring to the table. However, there are some universal tips that can help any entrepreneur overcome the stress of starting a business. Firstly, it is important to have a clear vision for your business. What are your goals and objectives? What are your long-term plans? Once you have a good understanding of what you want to achieve, you can start putting together a plan of action.

    Get Organized

    One of the best ways to reduce stress is to get organized. This means having a clear understanding of your finances, your target market, and your business plan. When you are well-organized, you can focus on what is important and avoid getting overwhelmed by the details. There are many software programs and online tools that can help you get organized and keep track of your progress.

    Alternative Methods to Keep Stress Low

    In addition to the tips above, there are many other ways to keep stress levels low when starting a business. For example, you can try meditation or yoga to help you relax and stay focused. You can also take breaks during the day to clear your head and recharge. If you need to take the edge off with prerolls, make sure they are in a preroll packaging that is easy to transport with you. Finally, make sure to set aside time for yourself and your loved ones. This will help you maintain a healthy balance between work and life.

    By following these tips, you can overcome the stress of starting a business and increase your chances of success. Remember that it takes hard work and dedication to be successful in entrepreneurship. However, the rewards are well worth it!

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  • How To Grow Your Business From Your Garage To A Multi-National Power

    How To Grow Your Business From Your Garage To A Multi-National Power

    Growing a business is no easy feat. It takes time, dedication, and a lot of hard work. But it can be done! With the right mindset and a bit of elbow grease, you can take your business from your garage to a multi-national powerhouse.

    Here are 18 steps on How To Grow Your Business From Your Garage To A Multi-National Powerhouse:

    1. Define your niche

    The first step to growing your business is to define your niche. What are you selling? Who is your target market? What need does your product or service fill? Once you have answers to these questions, you can start to build a foundation for your business.

    2. Create a brand identity

    Your brand identity is what sets you apart from your competition. It should be unique, memorable, and reflect the values of your company. Your brand identity will be used in all of your marketing materials, so itโ€™s important to get it right from the start.

    3. Develop a marketing strategy

    Now that you know who you are selling to, itโ€™s time to develop a marketing strategy. There are many different ways to market your business, so itโ€™s important to find the methods that work best for you and your budget. Some common marketing strategies include online advertising, PR, and content marketing.

    4. Build a website

    In todayโ€™s digital world, every business needs a website. Your website is often the first impression potential customers will have of your company, so itโ€™s important to make sure itโ€™s professional and up-to-date. In your web design include clear information about your products or services, easy-to-use contact forms, and compelling visuals.

    5. Create social media accounts

    Social media is a powerful tool that can help you reach a wider audience. Create accounts on the major platforms (Facebook, Twitter, Instagram, etc.) and start sharing your brandโ€™s story. Be sure to post high-quality content that will engage your followers and encourage them to share it with their own networks.

    6. Develop an SEO strategy

    SEO is the process of optimizing your website for Google search. When people search for keywords related to your business, you want your website to appear as high up on the results page as possible. There are many factors that contribute to a good SEO strategy, so itโ€™s important to do your research and find what works best for you.

    7. Invest in paid advertising

    Paid advertising is another great way to reach potential customers. With paid ads, you can target a specific audience with laser precision and get your message in front of them when theyโ€™re most likely to convert. Google Ads and Facebook Ads are two of the most popular platforms for paid advertising.

    8. Network, network, network!

    Meeting new people is always a good idea, but itโ€™s especially important when youโ€™re growing a business. Attend industry events, join relevant online communities, and connect with other entrepreneurs. These connections can lead to new opportunities and valuable relationships.

    9. Get involved in your community

    Giving back to your community is a great way to build goodwill and attract new customers. There are many ways to get involved, such as volunteering, donating products or services, or hosting fundraisers. Not only will you be helping others, but youโ€™ll also be building a positive reputation for your business.

    10. Offer discounts and coupons

    Discounts and coupons are always appreciated by customers, so donโ€™t be afraid to offer them! You can use discounts as a marketing tool to attract new customers or as a way to show appreciation for your existing ones. Just be sure to set expiration dates and limit the number of redemptions to avoid losing money.

    11. Sponsor an event

    Sponsoring an event is a great way to get your brand in front of a large audience. Plus, it shows that youโ€™re supportive of the event and its goals. When choosing an event to sponsor, look for ones that align with your company values and target market.

    12. Collaborate with other businesses

    Collaborating with other businesses can be mutually beneficial. You can share resources, costs, and customers while working towards a common goal. This type of partnership can help you reach new heights that you may not have been able to achieve on your own.

    13. Hold a contest or giveaway

    People love free stuff, so holding a contest or giveaway is a great way to attract attention to your business. Just be sure to set some rules and guidelines to ensure that the process is fair for everyone involved. Offering a prize thatโ€™s relevant to your business is also a good idea.

    14. Give back to charity

    Giving back to charity is always a noble pursuit, but it can also be good for business. When you donate money or resources to a cause, youโ€™re building goodwill and creating a positive image for your company. Plus, itโ€™s a great way to show your employees that you care about more than just profits.

    15. Create a loyalty program

    Loyalty programs are a great way to encourage repeat business. When customers know that theyโ€™ll be rewarded for their loyalty, theyโ€™re more likely to keep coming back. There are many different ways to structure a loyalty program, so find one that makes sense for your business.

    16. Get involved in trade shows

    Trade shows can be a great way to connect with potential customers and partners. Theyโ€™re also a great opportunity to show off your products or services and build buzz around your brand. If youโ€™re thinking about exhibiting at a trade show, start by doing some research to find the ones that will be most beneficial for your business.

    17. Give away free samples

    Free samples are always a hit with customers, so donโ€™t be afraid to give them out! This is a great way to introduce people to your products or services and get them hooked. Just be sure to choose your recipients carefully so that youโ€™re not wasting your resources.

    18. Hire a PR firm

    If you want to take your business to the next level, hiring a PR firm is a great idea. A good PR team can help you get media coverage, build relationships with influencers, and create a positive image for your company. Of course, this option is not cheap, so be sure to do your research before making a commitment.

    There you have it โ€“ 18 ways to grow your business. But donโ€™t feel like you need to tackle all of them at once. Start with a few that make the most sense for your company, and then add more as you go. Remember, slow and steady wins the race!

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  • 10 Tips For Launching Your Membership Site

    10 Tips For Launching Your Membership Site

    1. High-Quality Content

    If you want people to sign up for your membership site, you need to have high-quality content that they canโ€™t find anywhere else. This content should be well-written, informative, and engaging. It should also be regularly updated so that members always have something new to read or watch.

    2. A Clear Value Proposition

    Your membership site needs to offer value that people canโ€™t find elsewhere. This could be in the form of exclusive content, discounts, or early access to new products or services. Whatever it is, make sure itโ€™s clearly stated on your site so that people know what theyโ€™re signing up for.

    3. Easy Navigation

    Making it easy for people to find their way around your site is crucial for keeping them engaged. Your navigation should be clear and simple, and all your content should be easy to access. If people canโ€™t find what theyโ€™re looking for, theyโ€™re likely to give up and go elsewhere.

    4. Excellent Customer Service

    If you want people to keep coming back to your site, you need to provide excellent customer service. This means being quick to respond to questions and concerns and offering help when people need it. If you make your members feel valued, theyโ€™re more likely to stick around.

    5. A Professional Design

    Your membership site should have a professional design that makes it look trustworthy and credible. This doesnโ€™t mean it has to be boring โ€“ just make sure it looks polished and well put together. First impressions matter, so you want people to sign up for your site.

    6. Regular Updates

    If you want people to keep coming back to your site, you need to keep things fresh by regularly updating your content. This could mean adding new articles, videos, or podcasts on a regular basis. Whatever you do, make sure thereโ€™s always something new for people to check out.

    7. A Free Trial

    If youโ€™re not sure whether someone will like your membership site, offer a free trial so they can explore it and see what it has to offer. This is a great way to get people interested in signing up, and it also gives you a chance to show off your content and value proposition.

    8. An Engaging Social Media Presence

    In todayโ€™s world, having an engaging social media presence is crucial for any business โ€“ including membership sites. Make sure youโ€™re regularly posting interesting and relevant content on your social media channels and that youโ€™re interacting with your followers. This will help build buzz around your site and get people talking.

    9. A Solid Business Plan

    You need to have a solid business plan in place before launching your membership site. This will help you figure out your goals, target market, and pricing. Youโ€™ll need to have hardware and software requirements like VPS sorted out too. Without a plan, itโ€™ll be much harder to make your membership site a success.

    10. Get Advice & Support

    The most important and highly efficient and effective way to launching a profitable membership website is getting a step-by-step blueprint that will empower you to achieve a recurring income from day 1. Since 2021 EmpowerBusinessClub.com has empowered business professionals and entrepreneurs to create multiple streams of incomes online with Action and Progress membership plans. Start your trial today to experience the multiple opportunities available and not just launching a membership website!

    WordPress Membership Kickstart โ€“ 8-Part Video Course

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  • How to Keep Your Products Affordable

    How to Keep Your Products Affordable

    Keeping your products affordable for your customers can be important if you want your business to flourish and survive in the future. If your customers expect a certain price point, having to raise your prices could mean you lose business. Additionally, when youโ€™re first pricing your products, you have to make sure you set the right price to attract the audience that you want. If prices for your supplies or wholesale products start to rise, keeping your product pricing affordable can be tough, but itโ€™s not impossible. Use these methods to keep your products as affordable as possible.

    Find the Right Materials and Manufacturing Options

    When designing a product that you want to manufacture, you need to carefully consider the materials to be used and the manufacturing methods too. During the development, you should consider the different materials available to you and which ones will both meet the design requirements of your product and keep it affordable for your customers. The same can be said for looking at sheet metal fabricators and other manufacturers. Find out which methods are most cost-effective so that you can make your products in an affordable way and pass on the savings to your customers.

    Look for Affordable Suppliers

    If youโ€™re not manufacturing your own products but buying them from suppliers and wholesalers, keeping your products affordable will be all about getting the best price when you buy them. Buying in bulk will make products more affordable but even when youโ€™re buying in smaller numbers, you can often negotiate a good price. Of course, your suppliers have their own expenses to meet, so it can be a careful balance to try and get the best prices. Itโ€™s important to spend time researching potential suppliers and considering not just their prices but other factors that affect whether they are suitable to work with.

    Position and Brand Correctly

    Another factor to consider when you want to keep your products affordable for your customers is how you position and brand your products. You need to ensure you choose the right brand positioning and price points if you want to find the right customers. If you position your product too low on the price scale, you could struggle to keep your prices low enough for the audience that you attract. You might have to consider a slightly more upmarket brand position if you want to grow a customer base that is able to absorb a slight price rise.

    Review Often

    Even after you have found the best suppliers, materials, and other essentials for your products, itโ€™s necessary to review them regularly. There could be more affordable options out there and you donโ€™t want to miss out on them because youโ€™ve decided to be loyal to the ones you have already chosen. Itโ€™s worth looking for alternatives that could give you a better deal if you need to keep the cost of your products at a certain level.

    Keep your products affordable by paying close attention to what it costs to produce them or source them, as well as targeting the right audience.

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  • How to Start a Profitable Fast Food Business

    How to Start a Profitable Fast Food Business

    If you are looking for a business with a high potential for profitability, you should consider starting a fast-food restaurant. Fast food restaurants are incredibly popular, and there is room for growth in this industry. In this blog post, we will provide you with a quick guide on starting your own profitable fast-food business. We will cover everything from choosing the right location to hiring the right employees. So, letโ€™s get started!

    1) Consider the location of your restaurant

    The first step in starting a fast food restaurant is to choose the correct location. The location of your restaurant will have a significant impact on its success. You want to select a location that is convenient for your customers and has high foot traffic. If you can find a prime location, it will be easier to attract customers and grow your business.

    Another vital factor to consider when choosing a location is the competition. Naturally, you want to make sure that there are not too many other fast-food restaurants in the area. Otherwise, it will be challenging to stand out from the crowd. But, of course, you also donโ€™t want to choose a location where there are no other fast-food restaurants.

    2) Create a menu that will appeal to your customers

    Once you have chosen the perfect location for your restaurant, itโ€™s time to start thinking about the menu. When creating your menu, you want to make sure that you offer items that are popular with fast-food customers. For example, hamburgers, fries, and chicken sandwiches are always good options. You also want to make sure that your prices are competitive. If your prices are too high, customers will go to another restaurant.

    Of course, itโ€™s important to remember that not everyone likes the same things. So, you should try to offer a little bit of everything on your menu. This way, you can please a wider range of customers and increase your chances of success.

    3) Outsource time-consuming tasks

    One of the keys to running a successful fast food restaurant is to make sure that you are not spending too much time on tasks that can be outsourced. For example, you may want to consider hiring someone like Hood Cleaning Service Professionals to handle the cleaning while focusing on other aspects of the business. This will allow you to save time and energy to focus on more critical tasks.

    Outsourcing can also be a great way to save money. If you can find a reliable team of employees, they will likely be more affordable than hiring full-time staff. In addition, outsourcing can help improve the quality of your food since you will have more time to focus on making sure that everything is perfect.

    4) Promote your restaurant

    Once you have everything up and running, itโ€™s time to start promoting your restaurant. There are several ways that you can promote your business. One option is to run ads in local newspapers or on television. You can also hand out flyers in busy areas. In addition, you should make sure that your restaurant is listed in online directories so that potential customers can easily find you.

    Another great way to promote your restaurant is to offer special deals and discounts. For example, you could offer a discount for customers who order two meals. This will help entice people to come to your restaurant and try out your food.

    Starting a fast food restaurant can be a great way to earn a living. However, itโ€™s essential to make sure that you take the time to do things right. By following the tips in this blog post, you can increase your chances of success and ensure that your business is profitable.

  • 4 Industries That Are Growing In 2022

    4 Industries That Are Growing In 2022

    With the rapid growth of industries, we need to keep an eye on the changes in the market. Therefore, it is important to keep up with the latest trends and developments to stay ahead of competitors.

    Industries are constantly changing and will continue to do so. This means that marketers need to know what is going on in their industry and what changes are coming up. To do this, they must have a clear understanding of their target audience and their competitors. They should also be able to identify opportunities for themselves within their industry as well as growth plans.

    The global economy has been growing steadily over the past few years, which means that industries are expanding rapidly, and there is more competition than ever before. Here are four industries that will continue to grow in 2022: 

    Tourism

    In 2022, tourism is expected to grow by 4% annually and reach a total of 1.6 trillion dollars worth of revenue by 2030. This is because it will continue to provide several benefits for society, such as economic growth, job creation, and cultural exchange.

    Tourism not only generates revenue but also provides many social benefits such as cultural exchange, job creation, and economic growth. Unfortunately, the global pandemic has had a massive impact on the development of the industry. However, with an growth of 27%, it still holds stable. 

    Hospitality 

    The hospitality industry is one of the fastest-growing industries globally and has been predicted to continue to grow at a rapid pace in 2022. The industryโ€™s growth is attributed to its high customer satisfaction, largely due to its ability to provide a personalized service that meets each individualโ€™s needs.

    The customer satisfaction that most people find with hospitality providers has led them to be some of the most popular industries for business development in recent years. However, with this level of success, it can be difficult for companies outside these sectors to compete with them as they have an advantage over traditional businesses due to their ability to grow.

    Agriculture 

    Agriculture has grown due to increasing demand for food, increased international trade, and technological advancements. Since the industrial revolution, agriculture has grown from a cottage industry to an industrial one.

    There are many reasons why agriculture will continue to grow in 2022: Increasing demand for food due to population growth, technological advancements, agricultural exports, increased international trade, and increased global wealth. With the help of companies similar to Farmfolio, agriculture will continue its growth in the future. 

    Green Energy 

    Green energy is one of the fastest-growing industries in the world. With a market size of $1.3 trillion, itโ€™s expected to grow to $2.7 trillion.

    The need for green energy increases as countries and consumers are looking for renewable sources of power and more environmentally friendly solutions. In addition, this industry has great potential to provide jobs, especially in developing countries with a lack of green energy resources.

    Green energy will continue to be an industry that continues to grow in 2022 because it has a lot of room for growth due to its many benefits like reduced pollution, increased economic development opportunities, and job creation opportunities.

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    โ€ข The anatomy of an effective job description (and where to post jobs)
    โ€ข How to qualify the freelancers you hire to minimise your risks.
    โ€ข What should be in a freelancing contract to protect your business.
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  • Options When Ceasing Business

    Options When Ceasing Business

    Running your business is hard. Itโ€™s challenging and stressful and often feels like it will never end. Youโ€™ll spend hours upon hours working to keep your business running. And then, when you finally get everything back on track, something else comes up, and you have to take care of that again.

    Even if you love everything about your business, there will come a time when you canโ€™t run it any longer. If you canโ€™t keep running your business, you need to find a solution. Maybe youโ€™re ill and need time off to recover or have suffered an injury rendering you unable to work. You need to look at making a social security reconsideration claim. Maybe thereโ€™s a new complication that makes running your business impossible. Maybe your personal life is changing, and you need to focus on that. 

    Options to empower business transition

    โ€ข Succession Planning

    โ€ข Mergers & Acquisition

    โ€ข Start New Venture 

    The Internet Consultancy Solutions will empower a project, venture or client service online so that you can digitalize and capitalize on the skills you have harnessed over the years. Visit www.empowerbusinessclub.com/solutions

    This post looks at what happens when you can no longer run your business and how to approach it.

    Decide When to End Your Business 

    It might seem like a simple question, but itโ€™s not. There are many factors to consider before you decide to end your business. Are you sick? Will the illness affect your ability to run the business? Are you burnt out and need time off to recover? Is there a complication that makes running the business impossible? 

    The last thing you want to do is unexpectedly close up shop, leaving clients and employees stranded in the dark. You need to look at your options and your situation carefully and get help to find the right strategy to shut down operations in the best possible way effectively.

    Can You Find A New Owner?

    If youโ€™ve been running your business for a long time, you might not want to give it up. Thatโ€™s perfectly okay. You can find someone to take over or buy your business. If youโ€™re going to find a new owner, start by creating an ad on sites like BizBuySell.com and ValuePenguin.com so that the world knows your business is available for purchase.

    You should also create a plan of the companyโ€™s day-to-day operations with information like what hours you work, what tasks are necessary to run the company, and any other relevant information like how much revenue your company makes annually or how many employees work.

    Then you can list this plan on websites like BizBuySell.com or ValuePenguin.com so interested parties know what theyโ€™ll be getting if they buy your company from you.

    Tax Implications of Ending Your Business 

    One of the first things to consider when ending your business is what will happen to your taxes. When you terminate a company, youโ€™ll need to determine if the business is closing or phasing out. If itโ€™s closing, itโ€™ll be considered a full tax year, and you may need to pay quarterly estimated taxes. On the other hand, if itโ€™s phasing out, you wonโ€™t be required to pay taxes for that last tax year.

    Resolve Financial Obligations

    If youโ€™re ending your business, you want to do it in a way that leaves you with minimal financial obligations. Once you no longer have a company, your income will decrease or stop altogether. 

    You may need to look at raising funds to meet outstanding credit obligations, or you need to contact those you owe money to discuss your options. But being able to resolve financial implications will help you out in the long run once you have closed the business. Speak to your accountant if you use one, and make sure you are updated with your financial obligations.

  • IT Services For Small Businesses

    IT Services For Small Businesses

    The digital world is increasingly challenging small businesses. The internet has brought changes in the way people shop, learn and communicate. Small businesses need to be able to adapt to these changes quickly and seamlessly. Companies are expected to have a digital strategy to stay competitive and relevant in this fast-paced world.

    IT services are becoming a must for every business today. Small businesses are being hit particularly hard by the current economic climate. The already tight competition between companies has only become worse. These factors have amplified the need for managed IT services.

    Managed IT services are essential for small businesses to succeed. Therefore, here is a list of why managed IT services are a must for small businesses and why you should start looking for them now.

    Protection from cyber attacks

    Todayโ€™s cyber attackers have various tools that make it easy for them to find your information and get what they want from your business. Small businesses need more than antivirus software and firewalls to protect themselves from these attacks. They need managed IT services.

    Managed IT service companies such as Pointivity Managed Solutions offer better protection than any antivirus or firewall could by providing 24/7 monitoring and response to alerts without being intrusive on your network or slowing down your system.

    Moreover, managed IT services can detect new threats in your network before they become an issue. This way, you can quickly take action before the danger damages your company. Managed IT Services also work with you to help you stay compliant with new regulations so that you stay up-to-date with changes in cybersecurity law and technology.

    Less downtime

    If your business is on the web, youโ€™re likely doing at least one thing that relies heavily on the internet. If you donโ€™t have an IT service, you risk losing customers and revenue when your site goes down.

    With a managed IT service, your systems are monitored 24 hours a day, seven days a week, by a team of IT experts who will be alerted as soon as an issue arises. They can then fix the problem before it becomes too much of an issue affecting your business.

    Increased efficiency

    One of the significant benefits of managed IT services is its ability to increase efficiency. Keeping your business up and running by yourself can be a daunting task. This is especially true for small businesses where time is always an issue. The best way to maintain a companyโ€™s productivity is not to let downtime disrupt it.

    Managed IT services provide businesses with this vital advantage. Managed IT services will be able to monitor your networks, computers, and other digital assets to maintain their performance and keep them up-to-date on the latest technology. With a managed IT service provider, you donโ€™t have to worry about downtime or any disruptions caused by preventable factors that would result in a loss in productivity. 

    Predictable costs

    Managed IT services are usually subscription-based, which means that you pay a certain fee each month to receive the service. This means that monthly expenses are easier to predict and manage. Additionally, you only pay for what you need in IT services. There is no need to purchase expensive equipment or software upfront when it comes to managed IT services. You can opt for the managed service that offers the most attractive price.

    Custom solutions

    Managed IT services are customized to your businessโ€™s needs. Managed IT providers offer custom solutions for your business, which means you can be sure the service will match your companyโ€™s needs.

    eBooks to empower business

    How To Read Your Customersโ€™ Minds

    Product Launch Success

    Proven Pricing Strategies

    Simple Productivity

    100 Press Release Strategies

Iโ€™m Lena Benjaminโ€”global growth strategist and author of NIFTY, expanding into sustainable fashion and film. With 25+ years of experience in over 30 cities, I advise on UK buy-refurb-sell property ventures and have worked with startups, corporates, and SMEs. From Amazon interest to FT recognitionโ€”letโ€™s unlock your next move.

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