The global pandemic which ravaged the world last year transformed how we carried out our businesses. While we can not ignore the negative impacts COVID reflected on most businesses, it also fostered some positive outcomes. The Post-COVID return to the office will see these changes implemented.
Every business owner, large or small, wants to increase productivity and reduce expenses. It is for this reason business executives are looking to implement strategies to upscale and lower costs. As we are all stepping out of a dreadful pandemic, more than ever, businesses want to cut down expenses and should consider outsourcing their IT department as an option.
Here we discuss how 'market pricing' is considerably lower than the savings your procurement team can achieve and through our vast experience how Expense To Profit is able to do so.
Due to the exponential changes constantly happening throughout the business world we are continuously introduced to more time-efficient and flexible ways of conducting business. Tech has seeped into virtually every sector, and we see more and more businesses making use of cloud computing services. According to a recent statistic, about 96% of businesses worldwide are making use of at least one cloud computing service for their operations. We can not deny the relevance of cloud computing: it is safer, sustainable, prevents loss and flexible, among many other benefits.
The impact the global pandemic had on businesses was unexpected and unprecedented. As it lingered (more than we might have imagined), several businesses halted operations while others deployed emerging techniques to thrive. Now, with the administration of vaccines to curtail the virus, businesses can now swing into operation. And as businesses plan out ways to recover from the plight the pandemic caused, employers must look for ways to save money on expenses and increase their bottom line. Your businesses expenses in a post-COVID world might have drastically changed.
The global pandemic changed the way businesses operate and how we see life. In the heat of the pandemic, a lot of businesses closed temporarily. A whopping 60% of closed businesses will not be opening, according to Yelp. Production lines have been regrettably cut. In spite of it all, others adopted emerging techniques and sometimes a "new normal" to stay afloat.
Running a business is a hectic experience. Do not let anyone tell you otherwise. From the start, actualization, and daily operations, every step of the way is filled with hurdles and common mistakes. Some of which, you would have to plan to scale across.
Every business starts with the vision to provide value for customers and make profits from that venture. More often than not, this vision—this purpose—is somewhat lost in the midst of all the strategies to usher in a new product or service to her faithful customers and entice new ones.
Your first question is most likely, “How can I possibly grow my business using monthly credit card processing fees that eat into my profit?” The answer is simple… by eliminating them.
No one was strategically prepared for what 2020 had to offer. Many heavyweights in the B2B and B2C world had outlined business plans. Everyone was thinking about thumping the competition. 2020 had something sinister waiting for us all; Coronavirus. Which led to unexpected winners and losers in the business world.