Category: Leadership

Leadership by Reginald Chan focuses on thought leadership, ways to become a leader and helping one to become a leader. This is a leader in the making group.

  • How To Boost Your Transport Business: Useful Tips

    How To Boost Your Transport Business: Useful Tips

    According to the U.S Census Bureau, more than 21 million trucks in America alone transport goods across the country every day. However, despite the rapid growth and increased demand for reliable transport systems worldwide, most businesses still fail to make their pick-ups on time. This is largely due to poor workforce management strategies that lead to increased costs and result in delayed deliveries, which can have a huge impact on your company’s bottom line. So, what can you do to ensure that your business continues to maintain a competitive edge? Check on the tips below.

    Have a Nice Branding for Your Business

    Having nice branding for your business has an impact on the corporate image you are trying to portray. When people look at your fleet, they will judge the company by its employees’ appearance and vehicles, so everything must look professional from uniforms, vans, logos, etc. As stated by the team behind this California shipping company, a well-organized transport workforce can boost the productivity of your employees and increase their job satisfaction. Therefore, the better your business’s branding, the more likely it is to attract top talent.

    Branding your business is not an expensive affair. You can take the help of your local sign makers to create stickers, magnetic signs, or decals for the side and back windows of your vehicles which will do wonders in making sure that people notice you on the road.

    Start Making Sales Calls to Potential Clients

    Every transport company should have a dedicated sales team that spends their time looking for new clients. However, many businesses are known to neglect this aspect, leading to missed opportunities and declining revenues in the long run. Your sales team must have a detailed plan for prospecting which should include how often they will call on potential leads, the time of day when you will call them, and even what questions you want to ask.

    Don’t be afraid to follow up if someone tells you no one time. Ensure that you continue to engage with them and ask if they can think of anyone else who might need your services. Make sure you also include a follow-up campaign after every sale, which will help retain existing clients while encouraging the referral of new ones.

    Distribute as Many Business Cards as Possible

    It is a well-known fact that people love freebies and will always want more of them. This makes business cards one of the most effective marketing tools to get your company’s name out there because it allows you to reach a wider audience which can be very difficult if you rely on cold calling alone. When designing your business cards, ensure that they provide all the relevant information your clients might need. This includes images of your business logo and vehicles, contact details like email addresses, and social media profiles so that people can stay connected with you on their preferred platform.

    If you are looking to distribute business cards in bulk, many websites allow you to order customized packages at an affordable price. Ensure that you take advantage of these deals to save money while getting your company’s name out there.

    Minimize Expenses and Cash Flow Issues

    As a transport company, you should always aim to minimize expenses because it will save your business money and improve its cash flow. For example, if there is any downtime that occurs on the road or at home, make sure you can work around it without incurring extra costs. Keep in mind that fuel prices are continuously rising, so you must try and minimize your mileage by using different transport modes whenever possible to save on fuel costs.

    In addition to this, make sure that all of your vehicles are running smoothly, as any downtime can be a major inconvenience for clients who need them immediately. Therefore, if you notice that a vehicle is due for maintenance, book an appointment as soon as possible to ensure that it doesn’t cause any problems in the future.

    Have an Optimized Website

    Having an optimized website is crucial for any modern-day business because it allows people to learn more about your company when searching online. Do you ship internationally, are shipping trucks and heavy vehicles also part of your services? These are some of the questions that your website must already have answered.

    It doesn’t matter how great of a transport company you have if no one knows about it, which means that you will need to optimize your site so search engines can find and index it in their results.

    To optimize your website, you will need to ensure that the content is original and relevant to what people search for. This means that if someone searches online using keywords like “transport company”, then it should appear in the first few results because its title contains this specific keyword phrase.

    Be sure to include calls-to-action, which will tell visitors exactly what you want them to do, like contacting your company or booking. Furthermore, ensure that all of your pages are properly linked together so people can easily find their way around the site and not get lost in cyberspace.

    Use Flyers and Brochures for Promotion

    Flyers are another cheap yet effective way to promote your transport business. As soon as you have designed them, ensure that you distribute them in places where people will see them, like outside cafes or grocery stores. You can also include flyers with deliveries, so they get passed on from one person to the next until someone finally decides to contact you.

    In addition to this, make sure that you distribute brochures in businesses like hotels and restaurants because they will allow your company’s name to be seen by a wider audience which is very important if you want people to remember it when they need transport services. Brochures also give potential clients the chance to learn more about your business before deciding to purchase.

    There are plenty of ways that you can boost your transport business and improve its cash flow. Therefore, use the tips provided to ensure that your company is running as smoothly as possible, so it doesn’t cost you money in unnecessary expenses. By using these tips, you will grow your business and develop a better relationship with clients who are happy to work with you.

  • Why are branding consultants essential for your business?

    Why are branding consultants essential for your business?

    Why are branding consultants essential for your business?

    For your active presence in the business world, it is vital to be renowned. Do you think introducing your brand name and services is enough? Well, how about getting some acknowledgement then? Your branding is as crucial as having a business in the first place. And branding never happens just like that. It entails a lot of strategies and planning.

    Why should you hire a branding consultant?

    Most of you have your internal team taking care of your branding strategies. But do you think this is enough? Remember, branding is not marketing. It is about creating your unique presence considering your specifications and expertise. In its crux, it is about defining your business to your customers in the most practical, captivating, and uncomplicated ways. Time and dedication are essential to accomplish this. We are sure even you think your marketing team won’t be able to handle this by themselves. You will have to hire brand strategy consultants from Ryan Alford. Their team excels in various digital services and even branding the businesses in a realistic way. To know the benefits of hiring them, keep reading:

    A branding consultant provides fresh objectives to the business — Your business goal is pretty lucid – to serve the customers the best way. You even dream of bringing in more profit to the organization. But the brand consultants provide you with a new objective – it is to be known far and wide. They help you create an identity that is one in millions and better than your competitors.

    The proper name and logo — Branding also includes naming and designing your brand logo. A brand consultant suggests the name for your business depending upon your services and your targeted audience. They even create your logo in the most appealing form – a unique emblem specific only to your brand.

    Carrying out researches for the brand — The brand consultants suggest the idea of building your strategies as per the latest market trend and information. Since they consistently work in this genre, they know the rights and wrongs of various procedures. They constantly carry out surveys and researches to understand where you lag in your business and services.

    Ways you can highlight your business to the audience — The brand consultants you hire are chambers of ideas. They help you create an impression on everyone’s minds. They formulate strategies to highlight your specifications in front of your audience. For example, if you have a unique specialty of providing only sustainable items at lesser rates, they will especially discover a logo or a single-line message specifying it. This one-liners or image is then highlighted loud and clear on all your marketing channels with much emphasis.

    Provides measures that differentiate you from the competitor – The branding consultants you call help you study every essential factor of your company. Accordingly, they work their ways to help you get better than your competitors. Later, they emphasize this (and also introduce new approaches) more so that you excel from them in all aspects.

    Keep you updated and current — Consistency and staying updated are essential to keep your brand active and growing. Your branding consultants provide accurate insights and updates about the business requirements. They even show you how to use all these updates and changes for the business’s betterment. In short, with their help, your brand stays current, in keeping with the changing times.

    Branding is all about establishing and building a positive image in front of your consumers. While the consultants help you achieve this, they even work tirelessly to keep you positioned there constantly. Along with this, these experts are aware of what exposes your brand to new consumers and even better in the eyes of the older ones. So, isn’t hiring them a wise and imperative decision when building a brand out of a business? 

  • Do You Own A Business? Here’s Some Financial Advice

    Do You Own A Business? Here’s Some Financial Advice

    Running a business is not everybody’s cup of tea. Irrespective of the scale of the business, every company needs a proper set of strategies and the efficiency of great minds to guarantee success. An organization’s owner has to consider several aspects that all contribute equally to the success (and failure) of the entire business.

    If all the aspects of a company coordinate well, you can easily build a top-tier organization. However, owning and managing a company can become complicated sometimes. In this article, we cover some of the areas that need to be handled properly to make an organization productive.

    Parameters for a Good Business

    Before you enter the world of business, you must have a detailed strategy and an idea of how the market works. No startup company can survive without having a thorough understanding of its market and target audience.

    Your business idea needs to be unique and must have the potential to provide what other companies have not been able to. A good organization embodies certain key factors that need to be well oriented, well-executed, and must serve the entire goal behind running it. Here we have categorized some considerations that will help you achieve milestones.

    • Must Serve an Objective

    Have you wondered why people seek out a particular product or chase their favorite brands or companies? This happens not only because of high customer demand but also the company’s ability to provide what other companies either cannot or have not.

    A product must solve problems and serve the needs of the customers to secure their loyalty which keeps them wanting more and more. This further sustains the potential customers and generates maximum income when a business meets its demands.

    • Should Contain Potential For Progress

    An organization must be able to generate abundant yields. Once you are done with planning your products, go through some speculations regarding the expenses that will be incurred to generate them as well as the degree of earnings it will generate. Scrutinize the current market values and rates to calculate your manufacturing expenses. Moreover, the salaries, raw materials, and utility bills are fundamental and also equally require the attention and efforts of a business owner. Hence, sufficient market research is essential to ensure the prosperity of a business.

    Financial Advice To Make Your Business Profitable

    A commercially viable business needs to implement some good financial strategies to sustain said viability. Competing with other enterprises may, at times, seem impossible. Here we have listed some financial tips that can aid you in achieving favorable outcomes.

    1. Limit your personal expenses

    Great business leaders spend less and invest more. They understand the fact that utilizing their entire wealth on mere consumption can lead to unfavorable outcomes. There must be sufficient cash available in your bank accounts to cope with uncertain situations and business losses. Calculate and manage your annual expenses appropriately to better allocate savings.

    1. Invest smartly

    Before investing your money, contemplate all the possible risk factors that can cause damage to your financial well-being. You can invest in stocks or bonds that are risk-tolerant. With profits yielding from these secondary modes of investment, you can fuel your primary company’s finances and provide invisible support.

    1. Use Efficient Tools For Payroll Management

    Managing your employee’s yearly income and tax deduction can be problematic if you have other more important matters to look after. An employer can use w2 form to document their employee’s annual earnings and the tax that was withheld. Technology has provided new tools to manage these things, and now with the help of a w2 creator, you can record these breakdowns without any hassle. Upon completion of the form, you can send it to your employees so that they can file their yearly income tax. The tool allows you to organize all pieces of information categorically for instance employee information versus business information.

    1. Saving emergency funds

    Emergency funds can help you in the most unpredictable of situations or help you navigate calamities that have the potential to rid you of every single penny you own. Financial gurus always suggest business owners save a portion of their money for occurrences such as accidents, natural catastrophes, business losses, or medical expenses. 

    1. Save some money for retirement

    The majority of people have a habit of spending their entire earnings. They are not inclined to save for a rainy day. Hence, they end up regretting when they are faced with difficulties. We have seen small business owners in the same boat who invest all of their profits into their business expenses.

    Whatever the reason behind this behavior, it often becomes problematic since, when they retire, they have no resources with which to meet their needs. To resolve this situation, a company owner can go for retirement savings plans that offer financial security after retirement.

    Since management and organization can generate a tremendous amount of income, you need to manage your income effectively to ensure you have a safety net for your retirement days. Some financial strategists advise business owners to save their earnings in the form of bonds, stocks, or other assets that can be cashed out when needed.

    1. Think wisely

    There is always some degree of genius involved in the success of any organization. Great minds have the power to rule the world. Similarly, company owners who make their decisions wisely considering their future consequences have proven to yield enormous benefits for their businesses. You should learn self-control and avoid impulsive decisions that might have a negative impact.

    1. Use credit cards

    Credit cards are convenient because they allow you to consolidate the payment of your monthly expenses. Moreover, using credit cards helps you review and analyze trends in expenditure. It also saves you from having to carry cash with you all the time.

    Seek Help From Professional Financial Advisors

    Financial advisors offer several suggestions on how to mitigate financial losses. Their role is to resolve the queries and challenges a company owner faces and educate them on the following factors that can help them make informed decisions:

    • Guides them about the product’s worth, value, and composition cost,
    • Handles client’s taxes, salary, profits, risks,
    • Manage client’s financial data,
    • Offers clients financial strategies,
    • Provides better investment planning, 
    • Report to them on current market trends.

    Many startup businesses have seen some major setbacks simply because they were unable to compete with other contenders or they were not capable of sustaining their profit and growth. This is the reason many organizational leaders give their financial matters the utmost priority and resolve them as soon as possible.

  • What’s Holding Your Back In Business?

    What’s Holding Your Back In Business?

    Sometimes, it’s easy to feel like your business is being held back. But it’s important for you to identify what and why so that you can move on. One of the limiting factors that can hold your business back from being successful is not having a solid plan. You may know what you want to do, but you never make a plan for it. To grow your business, make sure there’s a clear strategy and implement it with everyone on board. But that’s not always the only reason. A lot of people are afraid to take the first step into the unknown. It is not always easy to take action because there are a lot of obstacles that can hold you back from reaching your goals. 

    We all have some sort of “holding us back” whether it be fear, ego, or worry. The following article discusses these common obstacles and how to overcome them so you can grow your business or start one.

    A Lack Of Motivation

    When you lack motivation, it can be a challenging obstacle for a business. It is imperative that you find out what could be causing this and try to fix it. If you’re feeling unmotivated, there are a few approaches that can help get things going again. The first thing you should do is reevaluate your priorities and the task at hand. If you’re pursuing multiple projects or tasks at once, perhaps it’s time to prioritize one of them over the rest. It could even be that you need to join a community or find support from other entrepreneurs to help you. And if your work isn’t satisfying or challenging enough for you, consider trying new things or taking on something that provides more personal satisfaction than what your current work does.

    No Credit

    Maybe you’re held back right now due to a lack of funds. This can be hard whether you don’t have access to the credit you need and are dealing with the tmf list or you don’t have any funding at all. When you do not have access to credit, your options are limited. There are many risks associated with using your personal credit to start a business. But what can you do when you need funding and no one is lending you money? If your company has not been in operation for more than 24 months, then the bank may still be willing to give you a loan even if your credit score is low.

    Not Engaging Your Customers

    It could even be that you’re just not doing your bit with your audience. Engaging your audience is one of the most important things that you can do to build a successful business. It not only helps you with online marketing, but it also helps with offline marketing and sales. This is especially true for businesses who want to build a long-lasting relationship with their customers. In this case, it means that you have to have a plan of action and know how to work with the customer through every step of the buying cycle. It could make all of the difference.

  • Why Growing Your Construction Business is Easier than You Think

    Why Growing Your Construction Business is Easier than You Think

    Owning a construction business is a dream for many with the skills and natural talent perfect for the trade. But for those who’ve already begun their business endeavor, expansion is the next logical step.

    Ask any business owner in any industry and they’ll tell you, once you get too comfortable, it’s a sign that you need to start expanding. 

    It’s easy to get comfortable with a set schedule, or with a certain amount of work to do in a given week. But, comfort in the business world often leads to complacency, and this isn’t the place you want to be. 

    Successful businesses grow organically, meaning that once you reach a certain goal, adjustments should be made in order to reach greater goals in order to secure your future. 

    Growing your business doesn’t have to be difficult. In fact, with a few tips, you’ll be well on your way to expanding your construction business and making even more money.

    Where to Begin?

    It’s an age-old question. Where do you start? Well, the short answer is, anywhere is better than nowhere. But if you want to get specific, it all starts with marketing and reaching out. 

    You have to learn how to find leads within your existing customer base, and explore options on how to gain more exposure. So how do you gain more exposure? In a word: marketing.

    Marketing might seem like it doesn’t belong in the construction business, but truly, marketing is a part of any business, and it’s a critical part of any successful business. This is because without a marketing plan, you won’t be able to grow. And zero growth means zero revenue beyond what you’re currently seeing. 

    Once you formalize a marketing strategy, then it’s time to take a look at how far you want to take it. Basically, decide how big you want your business to become, then make steps to get there. 

    Expand Using Available Resources 

    Sometimes before we’re able to truly grow, we have to make a few financial sacrifices. And in the construction business, this will probably mean purchasing large equipment for the bigger jobs that you want to land.

    If you’ve ever priced a new backhoe, you probably know that these machines cost anywhere between $70,000 and $90,000 brand new. And some are even more expensive. On the same line, equipment such as flatbed trucks and trailers aren’t cheap either. But the time may come where you need this equipment in order to meet contract demands.

    For example, if a job calls for you to have a flatbed truck or trailer, you can rent a flatbed truck for pennies instead of dollars. Not literally, unfortunately. But you get the idea. Renting to get the job done will be far more cost-effective than purchasing a flatbed truck brand new, or even used.

    Network with Other Contractors 

    Perhaps the best assets that you can call on when it’s time to expand are your previous business relationships. 

    Chances are you’ve worked with other contractors in the past. And though you may look at some of these individuals as your competition, they don’t have to be if you can work out an arrangement. 

    Money talks when it comes to business, and if you’re talking big dollars and you want to bring in the assistance of others to grab a piece of the pie, they’ll probably stop being your competition and start being your comrade. 

    Even other professionals outside of your specialty might be of assistance as well. Professionals such as plumbers, electricians, framers, and the like can all be viable assets when you want to expand your business. So don’t be afraid to reach out. 

    Growing a business doesn’t have to be a gut-wrenching process. It can be simplified and acted upon accordingly. And with a sound strategy in place and a knowledge of available resources, you’ll be growing your business and landing big contracts in no time. 

  • Effective Tactics to Generate More Sales Leads for Your Business

    Effective Tactics to Generate More Sales Leads for Your Business

    Lead generation is the process of stimulating one’s audience and capturing their attention, with the ultimate goal of converting them all into customers. A company that doesn’t put time and effort into lead generation won’t be able to plug into its key demographic. This will mean that it can neither generate customers nor interest. A business needs leads before it can make sales. Lead generation also helps businesses to build their industry visibility and credibility.

    In this article, we’ll present a few effective tactics you can employ to generate more sales leads for your business:

    Cold Calling

    Cold calling is a good way to generate leads, particularly if you have the contact deals of potentially high-value customers. You can often find these details through websites like LinkedIn. If you’re a contractor or tradesman, then you can cold call by knocking on peoples’ doors and offering them your services. When cold calling, you need to make sure that you don’t come across as being pushy or as harassing people. This can put people off of doing business with you, which will build you a bad reputation. When done correctly, cold calling can be very effective.

    Use Social Media

    As we mentioned in our previous point, social media (LinkedIn) can be very effective. On social media, you’re able to reach your key demographic directly, without any intermediaries or barriers. If you’re tactical in your approach, you can draw their attention to your social media page or website. Once you have their attention, you can convert them into customers. Social media is a very effective place for lead generation when it’s used correctly. Unfortunately, many people misuse social media. When misused, it’s nearly impossible to generate leads and draw interest to your social media page.

    Pay-per-click

    Pay-per-click advertising on major search engines is a great way to generate leads. According to one team of PPC specialists, pay-per-click advertising can have explosive results. With pay-per-click advertising, you’re able to target your audience with advertisements whenever they make searches relevant to your business. Because you pay each time one of your advertisements is clicked, it’s much more practical to have them show up when relevant searches are made. One thing that’s important to take into consideration, is that it’s very common for business competitors to click their competitions advertisements multiple times to cost them money. There are ways that you can protect yourself against this, however.

    Referrals

    Another very effective method of generating sales leads is by asking for referrals from existing customers, who are satisfied with the products or services that you provide. You can incentivize referrals, by offering money or discounts to the referrer and the person who’s referred. A lot of companies send out emails, offering referral incentives to their entire subscription list. If you have high-value clients, then you could benefit from asking them directly if they would consider referring you to other high-value clients. You can also try affiliate marketing.

    Affiliate Marketing

    Affiliate marketing is one of the most effective methods of generating sales leads. Affiliate marketing is when you offer third-party money to sell your products for you. They take a percentage of the sale price of the item that they sell. Affiliate marketers will sell your products for you through their blogs and vlogs. You will also have to send them free products and give them a discount on the products that they sell, so they can incentivize buying your product to their audience. You can advertise an affiliate scheme directly on your website, and on your social media accounts.

    Answer Questions Online

    Another great way to generate leads is to answer questions on online forums, like Quora and Reddit. When people post questions relevant to your industry, you can answer them and then take the opportunity to introduce yourself and your business. The point of answering these questions is to show off the depth of your industry knowledge. You can then include links to your portfolio or website underneath, which will give the person asking the question (and other people) the opportunity to learn more about you. You can generate thousands of leads by answering online questions.

    Write Guest Blogs

    Guest blogs can also be a great way to generate leads. Guest blogging allows you to build new connections in your industry, improve your website’s SEO ranking, and generate referral traffic. You can start guest blogging by approaching blogs relevant to your industry. If you’re not a good writer, you can hire a content writer to write your guest posts for you. In these guest posts, you’re able to showcase your depth of knowledge in your industry. By showcasing your knowledge, you’ll attract potential customers who want to do business with companies that are experts in their fields.

    Influencers

    Influencers are online personalities, who are experts in specific fields. They use their platforms to advertise, sponsor, and showcase their expertise. You can find influencers on more or less every platform, specializing in every niche imaginable. Influencers are called that because they can ‘influence’ their audiences into buying products that they advertise. You can employ an influencer to advertise your products for you, although it can be expensive. All major companies now use influencers. Some governments even use influencers to promote tourism into their country. You can benefit a lot from using an influencer, as they can generate you a lot of sales leads.

    Networking

    Another way to generate leads is to network at trade shows. At trade shows, you’ll make connections with other people in your industry and you’ll meet customers. You should visit every trade show that you can because they can be a very effective way of generating leads and getting the word out there about your company. Networking with your competition is very handy also. It’s always a good idea to know who you’re competing against. When you know your competition, you’ll be able to predict their next move and outdo them.

    Generating sales leads is absolutely fundamental to a business’s success. With the tips in this article, you’ll be able to generate more leads for your business. Make sure you give all of them a go.