Tips of the Day

12/03/2010Keep a log of all drafts during the development of your intellectual property as evidence against infringement.
12/03/2010Changing passwords at least every three months can help prevent unauthorised persons from accessing email accounts.
12/03/2010To make your working capital go further, consider hiring or leasing equipment rather than buying outright.
12/03/2010Keep recruitment interviews to a maximum of 90 minutes. Any longer and you risk losing concentration, any shorter and you could miss essential information about the candidate.
11/03/2010Weigh up the pros and cons of doing your own market research - for example, it is cheaper than employing a professional but can be time-consuming.
11/03/2010Take care with email attachments. Many viruses are spread by attachments being automatically forwarded to contacts in a person's address book.
11/03/2010Cut unnecessary costs by shopping around for competitive prices.
11/03/2010You must provide written terms and conditions within two months of employing someone. These must detail pay, hours, holiday entitlement, job title, place of work and notice period.
10/03/2010Welcome complaints. They are a vital sign of what needs to be improved - and can help you gain a competitive advantage.
10/03/2010Posting messages on a company intranet can help cut down on internal emails.
10/03/2010Fixed-rate loans make it easier to plan your finances as repayments remain constant.
10/03/2010Identify areas where you feel rules are needed, such as absenteeism or poor timekeeping, and introduce policies.
09/03/2010Larger market research projects might need the expertise of an agency, though be aware that this can be expensive.
09/03/2010When changing or upgrading software, consult the employees who will be using it. They may have concerns or know of alternatives.
09/03/2010Check outstanding credit balances when new orders are placed. Be prepared to ask for cash payment if a customer exceeds their limit.
09/03/2010Once you have told someone how to do a task, check they have understood to prevent problems cropping up later on.
08/03/2010Telemarketing is not suitable for sales where you need to demonstrate your product and it is more difficult to build relationships over the phone.
08/03/2010Use your email software's filter function to sort your incoming mail into folders and delete unwanted mail automatically.
08/03/2010Overdrafts are a flexible form of financing, but there are downsides. You pay a set-up fee and interest, the bank could demand repayment at any time and you have to renegotiate the facility.
08/03/2010In employee reviews, relate feedback to specific examples based on facts that you can back up with evidence.
05/03/2010Attending local business events can enable you to build up a network of valuable contacts.
05/03/2010Print out a copy of your database so you can still get in touch with contacts when your IT system is down.
05/03/2010An incentive pay scheme can motivate employees and be good for business.
05/03/2010Set a probation period for all new members of staff - this will allow you to discover if everyone can work together and if the recruit is suited to the job.
04/03/2010Weigh up the pros and cons of doing your own market research - for example, it is cheaper than employing a professional but can be time-consuming.

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