15 Work Apps That Can Help You Run Your Company Better

May 23, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. Just because the coronavirus pandemic is forcing us all to stay home doesn’t mean your company should stand still. In fact, technology has made it seamless for everyone from company executives to employees to remotely run their company affairs as if they were in their respective offices. To ensure that your company activities are not slowed down, adopt apps to that aid in collaboration, effective communication, time management, task monitoring and seamless payments. Below, I recommend 15 apps, but they are not based on hierarchy or preference — and these are just a few among hundreds.  Effective communication apps and tools Communication is crucial, especially now when everyone is physically away from each other. As a business owner, you need an effective communication tool to bring about the continuation of your business processes remotely. Whether it’s the best team chat app or […]

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What to Do If an Employee Sues You or Your Company

May 22, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. Research reveals that over one in every 10 small business owners get sued by their employees or customers. A study from the U.S. Chamber Institute of Legal Reform also showed 43% of small businesses were either threatened with a lawsuit or battled with one.  Lawsuits can do tremendous financial and emotional damage, but there are smart ways to handle employee lawsuits to ensure that you protect your company and its finances, and are able to focus on business cash flow, sales and your other employees. Why employees sue a company Irrespective of the level of care, concern, great pay, and good working environment you provide your employees, there may still be unsatisfied workers who feel they’ve been treated unjustly. And if that’s the case, these workers may take extra steps to show their displeasure, and that may be evident […]

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How to Save Your Company’s Website Traffic During This Pandemic

May 21, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. The effect of this coronavirus pandemic on businesses all over the world cannot be overemphasized. To curtail the rate at which this virus spreads, governments in many countries put a temporary restriction on movement. This restriction has impacted both offline and online business activities. If your company’s website traffic is dwindling, don’t despair. A decline in your daily visitors does not mean the number of searchers online has declined. It’s quite the opposite. According to Internet World Stats, on March 3, 2020, the number of internet users was estimated to be more than 4.5 billion. This is largely due to the heightened number of COVID-19 infections and the massive migration of workers and students online. So how can you get a significant part of these users to your website and promote your products or services to bring in […]

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How Blockchain Is Revolutionizing Business-Communication Networks

The surging technology has transformed how companies function in more ways than one. March 20, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. To thrive amidst your competitors in this digital age, you need to work on having an effective communication network, and blockchain technology is revolutionizing how businesses function due to its range of benefits. Industries including finance, healthcare, manufacturing, education and telecommunications have made its adoption a criticial priority. According to a Deloitte survey, 53 percent of fintech companies believe blockchain has become vital for their organization. PwC’s 2018 global blockchain survey also confirmed that 84 percent of companies, including the likes of Amazon and Facebook, are already dabbling in it. And expectations are high that blockchain will become even more widespread over the next several years. Related: Celebrating Blockchain’s Unsung Heroes For the uninitiated, blockchain is a distributed ledger technology that was launched in 2009. This ledger records transactions arranged in […]

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Why Unified Communication Is Essential to Working With Remote, Offshore Teams

UCaaS can be implemented in all kinds of businesses from anywhere in the world. February 20, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. As we continue to experience constant digital transformation, we realize how diverse technology has become and how much more it can expand. In the last decade, we have successfully moved from working behind desks and on telephones to more flexible models. All you need now is the right device and a cloud connection, and you can easily embrace and explore as many opportunities as possible. The growth of technology has played a vital role in countless organizations, many of which have experienced a surge in growth and productivity. The Global tech-research firm Gartner reported more than 23 percent growth in the use of Unified Communications as a Service (UCaaS) in 2017 and 21 percent in 2018. The same report also shows that users spent nearly $2 million […]

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5 Supercharged Ways to Be Productive in Stressful Times

Never underestimate the power of your mind to keep you highly-productive during your most time-crunched days. February 4, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. Ever wonder why successful people seem to have more hours in the day than you do? Obviously, they don’t. They just know how to make good use of the 24 hours they’ve got. And you can too.  Being highly productive is easy. The secret is in how you’re able to program your mind and switch up your habits. Here are five ways you can power your mind for a highly-productive year.  1. Exercise early in the morning No doubt exercise comes with a lot of physical benefits, but it can help improve your productivity, too. When you exercise in the morning, you get a boost of energy that will keep you alert throughout the day. It also keeps your mind sharp, which will result in working more […]

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4 Ways to Smartly Invest in Cryptocurrencies

The worst thing you can do is put your money into options you know little or nothing about. January 27, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. Investing in cryptocurrency is one of many options for investing your money today. In fact, it’s pretty hard to avoid hearing about the crypto market and its opportunities. Still, all this buzz doesn’t mean it’s the safest way to invest your money; it’s just an option.  Last week, I was completely knocked out by a friend’s reaction when I simply asked, “How much do you have in your bitcoin wallet?” He suddenly wore a disdainful look. What happened? He replied, “It’s a long story. I heard glowing reviews on how cryptocurrencies have turned many into millionaires overnight, so I thought it wise to invest all I had on November 27, 2017. Little did I know I was throwing debt a welcome […]

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4 Mistakes Not to Make When Choosing A Software Development Company

January 25, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. In theory, solving problems with software development is easy — just find the best custom software development company to bring your ideas to life. But how do you actually find companies with talented developers? That’s where the problem lies. There are many factors to consider when choosing a software development company to work with, and here are four of the most common mistakes people make in the process.  1. Lack of comprehensive research According to Deloitte’s 2018 Global Outsourcing Survey, 59 percent of companies who outsource do so in order to cut costs. Although cost efficiency is a valid reason to outsource, companies who find themselves focusing on that alone ignore other aspects of outsourcing.  This desire to cut costs at all costs might be okay in other industries, but not in software development. In fact, if a […]

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3 Major Crypto-Mining Challenges and How to Conquer Them

Everything from high costs to security vulnerability can be mitigated. November 20, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. Crypto mining is the process of releasing cryptocurrencies into a network by completing a given set of mathematical computations. And just like any other mining industry — gold, data, etc.– it comes with a unique set of challenges. For the uninitiated, cryptocurrencies are underpinned by a technology known as blockchain. Blockchains are digital ledgers that permanently store information. More precisely, they are strings of blocks containing verified data joined together by “hashes.” Hence, to create a blockchain, data has to be processed and verified. This is where crypto miners come in, verifying data and earning cryptocurrency rewards in return.  Originally, you could easily mine with your personal computers. However, this isn’t the case anymore, especially with an increase in the number of crypto miners. Theoretically, each crypto has its own […]

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Why We’re Scared of Cryptocurrencies, and How It Can be Fixed

Many people have raised concerns, but there are potential solutions. November 12, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Since the emergence of the first cryptocurrency, Bitcoin, many people have raised concerns about this technology. Unlike its parent technology, blockchain, cryptocurrencies have caused many to seek its alienation, if not outright ban. Financial sectors and governments across the globe are at the frontier in the fight against these digital currencies. In fact, some banks and other financial institutions have refused to offer their services to crypto-related companies, while some governments have gone out of their way to create laws that prohibit them within their jurisdictions. While these measures might be enacted for different reasons, the underlying factor is fear. So, why are people scared of cryptocurrencies, and how do we put them at ease? Let’s dive in. Lack of Understanding Initially, the concept of digital money seemed far-fetched. […]

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Unified Communications Will Make Your Remote Workforce More Productive

The trending collaborative approach can bridge the gap between you and your off-site team. October 29, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. Thanks to international clients, flexible work options for employees, increased travel in a global market and the surging gig economy, a digital workspace is now a cornerstone of the modern business office. One struggle that organizational leaders face in their respective digital-workspace environments is fostering a sense of connectedness. A recent story from Small Business Trends indicates that 70 percent of remote employees feel left out of the workplace. Compounding this fundamental issue is the fact that many organizations are working with limited budgets for what is often an ever-expanding feature, according to the 2018 CMS Wire Digital Workplace Survey. The ongoing battle to fund competing initiatives or departments is one of the highest-ranking obstacles to developing an optimal digital workspace. As a rapidly increasing number of […]

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10 Cryptopreneurs Influencing Blockchain’s Mainstream Adoption

These business leads are blazing a trail for the technology’s future. October 14, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Given that blockchain is a revolutionary technology, its mainstream penetration is inevitable. In 2015, a key study showed that no fewer than five million blockchain wallets existed, but in 2019, that user count has reached over 42 million. A typical yardstick to measure the success of any technology is its relevance and acceptability to users, and for the past decade, blockchain technology has not only transformed the way organizations go about their businesses, but also the way people go about their daily transactions. However, amidst all these leaps forward, its mainstream adoption stalls. While factors such as slow and expensive transactions, safety concerns and an unfriendly user interface are few of the many underlying impediments, blockchain enthusiasts shouldn’t lose hope just yet. While this list is neither organized in […]

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How You Can Start Making Money From Hemp

The four things to know before you grow. September 26, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. Hemp, the versatile planet from which we extract CBD and manufacture fiber, paper and (believe it or not) food, is taking the market by storm. With demand currently higher than supply, now is the best time to start profiting. But before you start farming the sought-after crop, here are some crucial things you need to know. 1. Get a license. This is by far the most important step. When President Donald Trump signed the 2018 Farm Act into law (also known as the Agriculture Improvement Act of 2018), it legalized the commercial production of industrial hemp in the United States. But before venturing into cultivation, you have to first obtain a license that gives you the right to grow hemp, although it will not apply to marijuana unless you’re in a state where marijuana is legalized for […]

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The Cognitive Tactics That Will Help Your Website Convert

It’s time to go beyond traffic and understand your customer’s frame of mind. August 29, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. Huge online conversion numbers drive great sales, and although it’s not a simple task, it’s possible with the right push. For your company’s website to achieve great ROI, you need more than just traffic; you need visitors who are ready to take action. One of the proven ways to effect that is by connecting with customer emotions. Noted Harvard Business School professor and author Gerald Zaltman, for one, has asserted that 95 percent of an average customer’s thought process before purchasing takes place in their subconscious mind.  If that is indeed the case, then cognitive neuroscience could be the golden solution to your site’s conversion deficiency, enabling you to understand how to your target customers’s emotions, thoughts, memories and overall frame of mind when shopping online. Here, we’ll discuss four of the principles […]

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A 4-Step Plan for Surviving Investor Rejection

Being turned down can help you turn your business around. August 2, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. Getting a response like, “Thanks, but no thanks,” or, “This offer’s not for me” from investors you’ve worked to connect with is tough to swallow. Like most entrepreneurs, you’ll be thrown off balance, and perhaps filled with anger, sorrow and sometimes hopelessness, but none of that negates the fact that rejections are great experiences to reflect on.  To me, rejection exists on a typical learning curve. After getting passed over by so many potential investors whom I thought would follow my business ideas on local tech-based farming, I emerged better and more refined than before. Those experiences revealed so many mistakes I was making unknowingly, from my business plan and personal approach to who I should be meeting with and what the right things were to say. After making necessary adjustments and putting in the […]

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