Month: July 2022

Microlearning is changing employee training: some best practices to follow

Microlearning is changing employee training: some best practices to follow

For many businesses looking to update their training programs, microlearning has emerged as an e-learning solution over the past few years. When instruction is delivered in manageable chunks across multiple outlets while students are engaged, learning outcomes increase dramatically.

The speed, accessibility, and effectiveness of microlearning are superior to traditional e-learning programs. Microlearning is actually one of the hottest e-learning topics this year. Additionally, it will lead the pack among businesses trying to develop incredibly impressive training programs.

Many companies now favor microlearning because of their work style and the cost of their knowledge. Microlearning is undoubtedly the technology of the future when it comes to training and development. If you want to try microlearning, this article is for you.

By reading this article’s discussion of microlearning best practices, you can get the best results from your online training. Let’s begin. But let’s see first.”What is microlearning??”

Microlearning is a training method that breaks courses into smaller, more manageable chunks, making learning more practical, cost-effective and less boring for busy professionals.

Microlearning sessions last just a few minutes and focus on one aspect of a concept, requiring employees to sit through hour-long courses or attend week- or day-long conventional training seminars to fully address a concept.

You can supplement or replace other training programs with a set of microlearning modules. They are quick and accessible, so the worker can return to them whenever things need to be brushed up on.

Employees can access microlearning courses on their own time and at their convenience using a phone or other smart device, condensing the focus and expanding the availability of training.

Microlearning has emerged as a highly successful method of business training. It can help you identify and fill knowledge gaps, as well as improve retention and review of previously learned information.

Following are some essential best practices to give sharp teeth to your micro-learning efforts:

Employ a mobile-friendly platform for learning anywhere, anytime

These days, mobile devices are more than just a gadget. Today, we consume all kinds of materials in these adaptable, fully functional devices on a daily basis. Therefore, your microlearning training content must be responsive for mobile devices.

It helps provide significant flexibility to your employees and allows them to access modules on their mobile gadgets (smartphones, tablets, laptops) and help them pick up new ideas, information and skills even when away from their desks or formalities. Placement.

Employee training can quickly feel like another distraction from job activities if it’s not accessible on mobile devices, since employees won’t be interested in receiving microlearning content.

Apply gamification to create engaging content

Engagement of microlearning content can be enhanced through this Gamification integration. Game elements including scores, stages, rewards and leaderboards will encourage your workforce to earn more rewards, take on more gaming challenges and stay engaged in training content.

Your employees will be more inclined to learn new things using gamification when they have time or want to take a break from their busy schedules.

This will increase student engagement with the material and the rate at which modules are completed. Your staff members will be motivated and motivated, thanks to this mix of microlearning and gamification.

To make learning more fun and engaging for your staff and increase participation, engagement and competition among students, you can use the built-in gamification feature in various online authoring tools. These features include rules, points, rewards and leaderboards.

Create quizzes so students can review content

You can create rich and engaging microlearning sessions with quizzes. You can use quizzes to break up your training material and make it easier to understand. With quick and short quizzes at the conclusion of each session break, students can remember and retain more knowledge.

When it comes to long lectures that cover different topics, your staff members will find it difficult to retain all the information while breaking down the module. This is where quizzes support and enhance microlearning outcomes

Additionally, quizzes provide students with a quick opportunity to stay motivated, lighten their cognitive load, and assess their understanding of the training material. Your staff will be able to get immediate feedback and get a better idea of ​​what they already know and what still needs improvement thanks to this ongoing assessment of the material.

Using an LMS of your choice, you can create interactive quiz questions as well as other question types to increase your content’s engagement, assess employee understanding, and improve information retention.

You can mix content using different formats

Different people learn in different ways; Some appreciate audio, some choose video, and some prefer other types of visual elements like infographics. Microlearning has the main advantage of allowing you to employ multimedia to succinctly communicate learning content.

So you should use a variety of media in your microlearning content format. To make your microlearning material more interesting and engaging, experiment with different learning techniques using different types of images, graphics, music and videos.

There are many LMSs available that handle different content formats. This LMS allows you to host a wide variety of microlearning content, including papers, PDF files, PowerPoint slides, audio clips, videos, graphics, and more.

Conclusion

In conclusion, microlearning is a great method to enhance your training sessions and give an extra boost. You can effectively increase the flexibility, usability, and relevance of training by providing your employees with short, easy-to-digest learning content segments.

Additionally, microlearning is effective for learners of all abilities and across different subjects and sectors. Therefore, microlearning is the future of learning and development, allowing the contemporary workforce to train and learn according to their convenience and interests.

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How did John Daymond make his money?

How did John Daymond make his money?

John Daymond is best known as one of ABC’s Shark Tank investors. A true rags to riches story, John has become an inspiration to many people who dream of entrepreneurial success. From growing up in Queens, New York to owning a global clothing brand, John has shown that with the right attitude, focus and hard work anyone can be successful.

John now has a net worth of over $350 million. But have you ever wondered how Daymond John made his money? In this article, we will share the path John took to amass his wealth.

Background and upbringing

Born in Brooklyn, New York City, John grew up in the Hollis neighborhood of Queens. After his parents divorced, he started working at the age of 10. One of his jobs was to hand out flyers. This exposure to the real world will earn him about $2 an hour.

While in high school, John was able to participate in a program that allowed him to attend school while simultaneously working a full-time job. After graduating from high school, he started a commuter van service and waited tables at Red Lobster.

How did John Diamond get rich?

Daymond John made his money by turning his company FUBU into an international brand. FUBU has generated over $6 billion in sales. The brand continues to acquire other fashion brands and in 2020, Eye Candy Creations USA and FUBU announced their collaboration to design, manufacture, manufacture and sell FUBU FRAMES, a sunglasses and optical collection.

While working this full-time job in 1992, John decided to start a clothing company after noticing the popularity of wool ski hats. John thought the hat was overpriced. He started sewing hats at home with his next-door neighbor. They sell hats on street corners and earn $800 a day.

Seeing the potential, John and some friends started the FUBU clothing company. FUBU stands for “For Us By Us” John was able to make this outfit appear in 30 hip-hop videos and lend rappers hockey jerseys with the FUBU logo to wear. But FUBU’s biggest break came in 1997 when rapper LL Cool J wore a cap with the FUBU logo during a GAP commercial.

LL Cool J, a neighborhood friend of Daymond John’s, wore a cap emblazoned with the initials “FB” for FUBU while rapping over commercials. He even included the line “for us for us” in his rap verse. The commercial exposed FUBU to a wider audience but did not generate some controversy.

In an interview with Oprah Winfrey, LL Coole J explained Controversy about the commercial. He commented that as a partner of the company he wanted to support the brand. At the time, GAP executives were not aware that the ad contained a hidden ad for another clothing brand. Instead of pulling the commercial, GAP allowed the ad to continue airing. The move helped the GAP brand as they were seen as “cool” to allow an artist to promote an up-and-coming hip-hop brand.

FUBU is featured in the Smithsonian’s National Museum of African-American History and Culture. John still owns FUBU but has expanded his business portfolio. In the next section, we’ll look at some other ways that Diamond John can increase his wealth.

How he continues to make money

Diamond John’s Best Shark Tank Investment

Bubba’s-Q Boneless Ribs

One of John’s best investments was Bubba’s-Q Boneless Ribs. After Al “Bubba” Baker spent 13 seasons in the NFL as one of the league’s most feared pass-rushers, he sought a second career by founding Bubba Q’s Boneless Ribs. What makes the company truly unique is its patented boneless rib recipe.

John agrees to pay Baker $300,000 for a 30% equity stake in the company. During the episode, Daymond John said, “I still believe this will probably be my biggest deal.” Bubba Q’s is definitely becoming one of John’s best deals as the company went from $154,000 in sales to $16 million in 3 years of appearing on the show.

Bombas socks

John also invested in a company called Bombus. Co-founders David Heath and Randy Goldberg met in 2007 while working at a media company. Although they had no passion for socks, they learned that socks were the number 1 most requested item of clothing for the homeless. The shelter worked on a business model that would sell premium socks as well as donate socks to those in need.

They entered Shark Tank asking $200,000 for 5% of their company. They gave up 17.5% but walked away with the shark they wanted. Daymond John’s experience with his clothing company FUBU has made a big difference. The bombas have arrived Over $100 million in revenue in 2018 and 40% year-over-year growth between 2019 and 2020. They have expanded their activities to include other clothing items.

Brand advice

Daymond also created a brand consulting firm called The Shark Group. Branding companies want to help companies expand and grow their reach. The Shark Group teaches the techniques used by John to turn FUBU into a global brand Consulting has helped some of the top Fortune 500 as well as some of the world’s most innovative, growing companies.

Daymond & Shark Group specializes in branding, licensing, social media, influencer integration, marketing strategy and holistic business consulting.

Talks, books, and more

In addition to his branding company and Shark Tank investments, John is also a New York Times bestselling author of several books. His first book, Display of Power was published in 2010. He has also written widely popular business books Rise and Grind: Outwork, outwork your way to a more successful and rewarding life. The book emphasizes how important hard work is to success.

His next book, Breakthrough Power: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Be Your Biggest Competitive Advantage Also became a best seller. This book explains how businesses without big budgets can have a competitive advantage.

John travels the world giving speaking presentations to entrepreneurs, business and world leaders.

Conclusion

Jon’s journey should be an inspiration to those who want to succeed in business. His vision, desire and work ethic showed that being successful is an act of will and determination.

Thomas Martin

Tom is a member of Startup Mindset’s editorial team. He has over 6 years of experience writing on business, entrepreneurship and other topics. He mainly focuses on online business, digital publishing, marketing and ecommerce startups.

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5 Products That Sell Best During a Recession

5 Products That Sell Best During a Recession

When the economy struggles, and people start pinching their hard-earned pennies, there are some products that stand their ground in turbulent times. While other products stagnate in sales, there are some great products that stand the test of time—and recession.

Using these products strategically in a strong business plan can be a solid way to ensure your business survives a recession. Here, we’ll explore some of the key products your business should carry during a major economic crisis If you are looking for another way to give your business a strong foundation Surviving the recessionCheck us out This article About how to successfully navigate your business through a recession.

Stocking demand items during recessions is a great way to prevent business failure during economic downturns. It is important that this is done in an ethical way. Essentials such as water, toilet paper, or medical supplies and other items should be reasonably priced and available to those who need them.

Any kind of price gouging will inevitably damage your business reputation. At worst, it will hurt people who really need those items. In this article, we will list 5 products that seem to sell best during the recession.

5 Products That Work Well in a Recession

Satisfying food

When money is tight and stress levels are high, there is one thing that all humans will always need: food. Although food of all kinds is key to survival, many families spend extra money on comfort food rather than vacations or luxury items as a way to navigate economic hardship. I saw the sale of ice cream 25% increase During the 2008 recession.

Many of these comfort foods can be made in bulk with just a few ingredients, making them all the more tempting when you have to stretch your dollar at the grocery store.

Whether it’s a bowl of chocolate ice cream at the end of a long day or everyone sitting around roast and potatoes, there are certain comfort foods that will always bring people a sense of peace and help them forget the struggles around them. a few moments

Pet care

Photo by Mirko Fabian: https://www.pexels.com/photo/a-close-up-shot-of-a-person-cutting-a-dog-s-nail-12612095/

With an estimated 85 million American households having at least one pet in their household, pet care products are essential, making these products an excellent addition to your business if you want to ensure cash flow during a recession.

There are many products available to stock, including essentials like food and medicine or luxuries like cozy pet beds and unique toys.

Pet grooming items are another good item to keep in stock. Most pet owners take their animals in to have their pets’ fur washed and trimmed and their nails trimmed. When the recession hits, many owners choose to do the grooming themselves. Nail clippers, pet shampoo, and even pet dental care items are purchased by people who want their pets to look and feel good but cannot afford expensive groomers.

Cheap entertainment

When you focus more on the bare essentials, it can be easy to try to cut out all the extras, but at the end of the day, entertainment still accounts for a large portion of economic spending.

Identifying entertainment that allows for some good family fun at no extra cost, or for a relatively cheap price, will attract customers. Focus on outdoor recreation, camping, fishing and backyard scavenger hunts with products like bug catching equipment, sleeping bags, marshmallow roasting sticks, firepits, outdoors with products that can help people enjoy the life they already have. Movie screens and projectors and more.

Any product that allows families to enjoy quiet time at home can be attractive—especially to families who are itching to travel, but may not be able to justify spending a fortune on travel expenses. A smart investment with products that can entertain multiple people at once, with ideal products including board games, puzzles, books or home movies.

Personal care products

However, many discount and warehouse stores can really thrive during a recession when offering personal care products, as people prioritize buying only the basics at the lowest possible price. Make sure your business stocks quality products that meet a customer’s basic needs, so your clients feel their money is well spent at your business.

During a recession, many families may start looking for personal care products they can use at home, such as hair dye, nail polish, and cleaning supplies, instead of getting their hair done at a local salon, getting their nails done, or hiring one. Professional cleaner.

Automotive parts

top one Recession-proof business segmentis Automotive parts and maintenance industry. Whether the economy is booming or struggling, people will always need to fix their cars when they break down. Some consumers may choose to pursue less expensive brands or forgo maintenance, but at the end of the day, many still need to drive their cars and therefore need parts and supplies to maintain them.

If you want to offer more automotive-related products, your goal is to offer your customers the highest quality products with the most affordable price tags that still keep your business in the green.

Another great option for the automotive parts product industry is to offer a service with your products at no extra cost. Consider adding battery testing when a customer pays for a service like an oil change or windshield wiper replacement.

The truth is that no business is completely immune to the effects of a recession, but there are certainly some products that customers will always need to purchase. Selling these products in a fair and ethical way will give you the best chance of surviving a recession by building a loyal customer base that believes you have their best interests at heart.

If you still haven’t started your business due to fear of recession, check out our article Top recession-proof businesses.

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Katie Budd

Katie Budd is a full-time 8-5er in the commercial insurance industry and works on building her freelance writing business. He enjoys creating engaging content for people to read. She enjoys working at home programming Street Parking, encouraging her children to pursue what they are interested in, and spending time on the farm with her extended family as much as possible. Follow along with her on her blog and Instagram as she continues to put thoughts into words

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3 Common Mistakes New Entrepreneurs Need to Avoid

3 Common Mistakes New Entrepreneurs Need to Avoid

So, you finally got your startup off the ground and have a small, but steady stream of income? Great job, however, you’re not completely out of the woods yet. New startups should be especially careful not to make mistakes. It’s not uncommon for new business owners to make mistakes, but you can take the necessary precautions to avoid them. In this article, we will discuss some common mistakes that new startup owners should avoid.

You don’t have the knowledge to strategize

One of the most damaging mistakes any business owner makes is not knowing how to create the right strategy for their business. More specifically, they don’t know how to engage with their audience in a way that will lead to sales. This can all but destroy a business. One way to remedy this is by working with a consultant or, perhaps, earning a degree in business administration and management.

But remember, college itself is an investment. A business administration degree can cost an average of $45,000 or more, depending on the college you attend. But in today’s society, students can easily finance their college education without actual payment For anything. This is accomplished by receiving a scholarship, which Basically a free college education. This is done using an online search and application platform.

Another option is Hire a mentor or help develop instructor strategies. However, new business owners should be careful about hiring a consultant to solve their strategy problems. When it comes to entrepreneurship, much of the process is learning what works and what doesn’t. Sometimes, it takes trial and error. As the founder of your business, it’s important to know the ins and outs of your startup. Once you get to a point where you need help, bringing in a counselor won’t solve all your problems but it can help you get over the hump.

Not getting feedback from others

You may even think you know Best business ideas to start with And can manage everything by themselves. This way of thinking can be a huge mistake. Going with what you feel is best isn’t always the best course of action as well as trying to do everything yourself. This is especially true when it comes to your customers. Your customer feedback is some of the most important information you will ever receive. In fact, it’s supposed to be built to meet the standards of your target audience as your business ultimately grows. Always listen to your audience’s feedback and even take your staff’s suggestions into consideration.

No financial security

Financial security is important for a business. Once you generate revenue, it’s important to keep that revenue going, even if you Bringing profit, The cost of your monthly expenses can drain it. Make sure you keep costs down to keep your profit margins up. What you should be familiar with Average profit margin For your business type.

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6 Tech Skills Every Entrepreneur Should Learn

6 Tech Skills Every Entrepreneur Should Learn

In an increasingly fast-paced world, being an entrepreneur is harder than ever. Having soft skills is no longer enough for a business owner to succeed in the entrepreneurial world.

Let’s look at some of the best technical skills every entrepreneur needs.

1. Social Media Marketing

It is a well-known fact that people generally browse social media channels while browsing the internet. These days, most of your target audience uses social media platforms like Facebook, Twitter and Instagram. You can and should use social media to advertise your brand to a larger audience so that your business reaches people who want your products. Customers can write comments on social networking sites, which helps build customer relationships.

You can easily spread your brand message using YouTube videos, Instagram reels, TikTok and other visual media. Social media interaction not only establishes a brand identity, but it often brings more traffic to your website, which can lead to more sales. Some social media platforms, such as Instagram, even offer options for sellers to post their products directly on the platform without using a website or other sales platform. Social media can help you Market your business to a wider audience.

Here are some steps entrepreneurs can take to use social media marketing effectively:

  1. do the research Which social media platform do you understand best? Research each option, its capabilities and its general audience to find the best fit for your brand. For example, the audience of LinkedIn (a professional networking site used to connect with fellow professionals and apply for jobs) (a craft and hobby site intended to create digital mood and inspiration boards) will be completely different. Depending on your business, your business may be more compatible with one social media platform than another.
  2. Create consistency in your posting structure. Create content at regular intervals and schedule your posts according to the time zones your target audience will be online. Monitor the analytics of those posts and determine which days, and what times of day, your posts perform best Structure your posting schedule around the results of your analysis. If your posts do well in the afternoon, schedule posts for the afternoon
  3. Explore sponsored advertising opportunities. An example of this is Facebook advertising.
  4. Consider what tools you use and how they translate to social media creation To optimize your social media marketing, be sure to research all the tools available to you when it comes to creating content, designing logos and graphics, and scheduling posts. You can schedule your posts using Buffer, for example. For designing posts, Canva is great.
  5. Measure your performance using analytics tools. Get reports on your followers, page views, likes, comments, shares and top hashtags. You can use tools like HubSpot and Google Analytics. Additionally, Facebook, Twitter and Instagram have built-in analytics systems.

2. Remote project management tools

Today’s startups employ people who work remotely from all over the world. To gain competitive advantage as an entrepreneur, you need to understand how to use and manage them.

Slack, for example, is a great project management tool. You can create new tasks and distribute them to your team. You can send reminders to your team members to keep track of them. Slack also offers file management tools like Dropbox, Google Drive, and One Drive. Within Slack, you can create multiple channels for different tasks and teams.

Here are some tips to get better at using Slack:

  1. To navigate quickly, use shortcuts.
  2. Use SlackBot to create reminders.
  3. Use the “deep work” option to eliminate confusion.
  4. Organize your channels. One way to organize them is by category. For example, the marketing department may have a separate department.

3. Basic SEO

Websites that are optimized for search engines are ranked higher by Google This not only elevates your company website but also helps it appear as a more reliable source. SEO uses keywords to make your websites more visible. Your website using optimized language will outperform rival websites, giving you more business opportunities. SEO is essential to increase startup website sales.

The biggest mistake marketers make is assuming that algorithms are capable of making their content widely available without the help of SEO. It is false; SEO optimization of a website is very important.

4. Data analysis

With data analytics you can understand the decisions your customers make. Understanding data, such as reports from Google Analytics, can help you tailor your business to your customers and understand how Make business decisions More effectively and efficiently. Understanding the trends and patterns that data analytics reveal also helps enhance the consumer experience By examining why customers reject their product or service, companies will be better able to eliminate confusion.

Data analysis answers various questions, such as:

  1. Which promotional offers are most effective?
  2. Why aren’t customers buying?
  3. Which web pages (or products) are visited often?
  4. What is the average order quantity?

5. Basic Coding

While it’s easy to hire an IT professional for coding, business owners who are familiar with the basics usually have an edge. An entrepreneur can quickly solve simple problems without needing the help of a third-party vendor. For example, understanding Java can help business owners understand website development. On the other hand, Python is one of the most learned programming languages.

Even if you have a technology team, learning to code can help you communicate more effectively with customers by understanding their problems and creating better strategies to increase productivity.

6. Email Marketing

Marketing is a way to communicate your message to your target audience. Email marketing communicates commercial messages via email. This includes notifying customers—or interested parties—about new product launches, promotional offers, discounts, partnership opportunities, and affiliate opportunities, as well as announcing other business-related news or sending thank-you notes.

Email marketing is still one of the most effective forms of advertising, despite being one of the oldest since cell phones. Now that email is readily available, people check social media as often as they check their email. And, often, consumers expect to find email deals for businesses. Email marketing has the potential to be one of the most profitable ways of marketing for small businesses when done right.

Some Dos and Don’ts of Email Marketing:

  1. Instead of buying an email list, encourage consumers and clients to sign up voluntarily.
  2. Send a welcome message as soon as they subscribe.
  3. Instead of sending generic messages to everyone, segment your target audience and deliver targeted messages based on their wants and needs.
  4. Know the time zone of your customers. Choose the ideal time of day to send emails. Sending them in the morning before people leave for work or after returning in the evening is generally encouraged. But, it depends on what kind of communication you provide.
  5. Send the email only after you check it twice Watch out for broken links and typos. Be mindful of your audience, and be sure to have someone else proofread your email to be aware of any blind spots you may have.
  6. Use reports and analytics to gain insights.
Peerbhat Haddad on InstagramPirbhat Haddad on Twitter
Peerbhat Haddad

Staff Writer: Peerbhat is a digital content creator and a writer. He started his small venture at the age of 16. Although he had to give it up, he learned a lot about the entrepreneurial lifestyle. His educational background in business administration has given him ample knowledge on various subjects. He now enjoys talking to people about developing productive habits, studying people skills, and applying marketing strategies to succeed.

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8 Businesses Every Neighborhood Needs

8 Businesses Every Neighborhood Needs

When searching for a business idea, aspiring entrepreneurs can sometimes make the mistake of thinking their business needs to be the next Instagram. While it’s always good to dream big, sometimes the best opportunities are right in front of you. If you are still searching for one business plan Whichever thrives, you may be able to find it in your own neighborhood or small town.

Neighborhoods need places to gather, connect with their neighbors and enjoy the local community It is up to business owners to provide the right type of setup.

Here are eight businesses that every neighborhood needs.

The business that every neighborhood and community needs

1. Grocery store

The grocery store can be the hub of any community. They are essential because they give the residents of a community vital access to food, medicine, toiletries, clothes and other necessities.

A grocery store also creates jobs for local people. It helps keep money in the community and allows people to spend their money locally by supporting their neighbors and friends.

Grocery stores bring people from different parts of the city together and allow them to meet new people while shopping.

Finally, having a grocery store in an area helps keep prices down on certain items, such as fresh produce, that may not do well in certain climates.

2. Coffee shop

Coffee shops are essential to communities and neighborhoods in many ways. They are places to meet friends, work, study, relax and socialize. They also offer a wide range of services including free Wi-Fi, printing, computer access and food and beverages.

Coffee shops can help create a sense of place in your community by giving you a place that is separate from home or work. They also provide a place where people can gather—rain or shine.

3. Hair salon/barber shop

A hair salon is a business where one person can cut, style and color your hair. It can also offer facial waxing, manicures and pedicures, massages and other beauty treatments. Salons are important because they help people feel good about themselves and look their best. They help people feel confident when they go out into the world.

A barbershop is a place where someone who identifies as male can get a haircut or shave by an experienced professional who is specifically trained in men’s haircuts. This type of business has been around for years; Some have continued with old-fashioned haircuts, while others have changed with the times due to technological advances such as the invention of the electric razor.

4. Day care

Day care provides quality care for children while parents are at work. It provides a structured environment for children to learn and grow in a safe environment with other children their age.

Daycares may be licensed by states or nonprofit organizations that meet certain safety, educational, and nutritional standards. Daycares usually charge a fee depending on the services they provide. Costs may be higher or lower depending on the type of childcare you choose. Options include:

  • Center based day care
  • Family oriented day care
  • Full time day care
  • Part time day care
  • After school day care
  • Daycare before school
  • Summer Camp Program
  • Special needs program

Benefits for licensed childcare providers include:

  • Increasing parental job satisfaction
  • Reduction in absence from school due to illness caused by lack of supervision at home.

5. Restaurants

Restaurants are essential to most communities, if not all. . They provide access to quality food prepared by licensed professionals. They provide an opportunity for social interaction, as many families like to eat out on special occasions, or they meet friends and family at a restaurant. In an increasingly high-speed lifestyle, eating on the go is also a choice that many working professionals face. Restaurants make it possible to eat healthy, convenient food options, no matter what your day is like. They are a valuable source of employment for many people

6. Pet Grooming/Boarding

If you live in a community or neighborhood where many families choose to adopt pets, you know that pet grooming and boarding is essential. Pet owners often travel for work or vacation and cannot take their animals with them. In this situation, it is important to find a reliable place for your pet to board.

Pet boarding facilities provide many benefits to the community. They offer pet owners an opportunity to leave their pets in a safe environment while they’re gone, and they allow people to leave the house for a few days without worrying about their pet’s well-being.

Pet boarding facilities allow people who work long hours or odd shifts to have peace of mind that their pets will be cared for when they can’t be home. When people work long hours or odd shifts, it can be difficult for them to find someone else to look after their pets while they are away from home.

7. Gym or fitness studio

The younger generation is becoming increasingly aware of the importance of physical fitness and mental health. A gym or fitness studio is an asset to any community because it brings people together in a healthy environment, working with other members to help them achieve their fitness goals.

Community gyms are often open 24 hours so that all members can work out at their leisure. The staff at these facilities is trained to help those who want to make their health and fitness a priority but don’t know where to start. Some communities offer specific types of exercise classes, such as yoga or martial arts; Others have trainers who specialize in helping people with disabilities gain strength and mobility through specific exercises. Every community member – regardless of age or physical ability – can benefit from this service!

8. Gas station/corner store

Gas stations and corner stores are a necessary part of any community. They are especially important for people living in rural communities or suburbs, where the nearest grocery store may be a half-hour drive away.

Corner stores are also important for communities that lack access to fresh food options in their area As they act as a one-stop shop for many daily needs, these businesses help keep costs down for families throughout the year. And they offer a valuable source of employment, job training programs that prepare young adults.

Conclusion

We hope this list has shown you how essential small businesses are to any neighborhood or community. These stores provide essential services, stimulate the local economy by creating jobs and tax revenue, and foster better relationships within a community.

Every business is a place with a story—and they help us create our own stories by feeding us with their food, supporting our families and our children, or making it possible to earn a living and make a life for ourselves and our families. Ultimately, that’s what makes these businesses so necessary for every community.

If you are still looking for more business ideas, check out our article 100 businesses that you can start this year.

Jazmin Merriman on Twitter
Jazmin Merriman

Team Writer: Jazmin Merriman is a writer, studying to become a family and marriage therapist. He loves to write about minimalism, business, finance and lifestyle. He likes to inspire people to live a more intentional life by showing what he does as an example. Feel free to connect on Twitter @MinimalFE

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How did Robert Herjavec get rich?

How did Robert Herjavec get rich?

Robert Herjavec is an innovator in the world of technology and cybersecurity and has helped many entrepreneurs make their dreams come true on ABC’s 4-time Emmy Award-winning show, Shark Tank. one with Total value of 200 million dollars, Herjavec showed that hard work, determination and focus can lead to financial success. Have you ever wondered how the Croatian-born entrepreneur made his money?

In this article, we will explain how Robert Herjavec made his money and how he continues to grow his wealth.

Background

Herjavec originally came from Yugoslavia (now Croatia). At that time the country was under strict communist rule. Herjavec’s father, Vladimir, was often in legal trouble because of his stance on communism. Robert saw his father jailed 22 times for criticizing communism. Later, the Herjavec family moved to Halifax, Nova Scotia with only $20. The family eventually settled in Toronto, where they lived in a family friend’s basement for 18 months.

After graduating from the University of Toronto’s New College in 1984 with degrees in English literature and political science, Herjavec worked various minimum wage jobs, such as waiting tables and delivering newspapers, to help his family pay the bills.

How did Robert Herjavec get rich?

Herjavec applied for a position at Logiquest selling IBM mainframe emulation boards even though he was not qualified for the position. But he managed to get the job by offering to work for free for 6 months. He eventually rose to the position of General Manager of Logiquest.

Later, he was fired from Logiquest. This became an opportunity of a lifetime as he decided to start his own company called BRAC Systems. BRAC Systems is a software company that specializes in Internet security.

Herjavec made most of his money by selling BRAK Systems to AT&T Canada in March 2000 for $30.2 million. Soon after, he took a position as vice president of sales at Ramp Networks. The company was later sold to Nokia for $225 million.

How he continues to make money

The most successful shark tank investment

The Bouqs Co.

Perhaps the most successful Shark Tank-related deal Herjavec made wasn’t even on the show but years later. Bouqs Company was founded by John Tabis. The company wanted to disrupt the flower giving and receiving industry. When Tabis first appeared on the show, he was asking $258,000 for 3% of his company. Unfortunately for him at the time, he couldn’t get any of the sharks to invest in The Books Company.

However, three years later Robert Herjavec reached out to The Books Company for help with his upcoming wedding. Herjavec was so impressed with Flowers and company that he decided to get involved.

The partnership led to The Bouqs Company landing an additional $85 million in funding. Currently, its farm network has about 2 billion growing flowers, 10 thousand employees and 4 thousand acres of abundant flower fields. Since its inception, The Bouqs Co. Delivered over 30 million flowers.

Now the business sees annual revenue of $59 million.

sand cloud

Sand Cloud Towels is a beach lifestyle company. It sells beach towels and beach blankets with unique patterns and functions. Their unique selling point is that their towels are made of 100% Turkish cotton. A pillow is also inserted into each towel for extra comfort when sleeping on the sand.

Herjavec invested $200,000 for 15% equity in the deal. Since then, he has helped the company grow to nearly $7 million in annual revenue.

Nuts n more

Nuts-N-More was founded by fitness and nutrition experts who were looking for safe peanut butter and other healthy sources of protein for themselves and their clients. All-natural butters can be crunchy and difficult to spread.

Nuts-‘n-More has developed a unique recipe for our fortified butter and a natural process that involves simply grinding the nuts and blending the ingredients in a way that achieves the optimal texture. Founder Peter Ferreira was able to strike a deal with both Mark Cuban and Robert Herjavec for 35% equity. Ferreira was able to earn $100,000 from the sale before signing with the Sharks.

The company now sees annual revenue of over $6 million.

See all our articles Shark Tank Deal by Robert Herjavec Much more.

Herjavec Group

In 2003, Herjavec founded The Herjavec Group. The company provides cybersecurity products and services to enterprise organizations. It is now Canada’s fastest-growing technology company and the country’s largest information technology security provider. The company grew from 3 employees to $200 million in annual revenue in 2003 with sales of $400,000.

writing and speaking

In addition to sharing his entrepreneurial skills on TV, Robert Herjavec is the author of 3 books and a frequent speaker at conferences and corporate events.

Herjavec’s first book was titled Driven: How to Succeed in Business and Life. The book urged its readers to take risks, take control of their lives, and stay true to their visions. His second book is called Willingness to win: to lead, to compete, to succeed. In this book, Herjavec encourages the reader to go beyond the average and strive for greatness.

His third book on the title You Don’t Have to Be a Shark: Creating Your Own Success Published in 2016 In this book, Herjavec focuses on how individuals can position themselves to succeed in sales

Conclusion

With a passion for success and a desire to share his business knowledge with others, Herjavec is a Shark Tank fan. His inspirational story of rising from poverty to running a multinational corporation is an inspiration to anyone with big entrepreneurial dreams.

Thomas Martin

Tom is a member of Startup Mindset’s editorial team. He has over 6 years of experience writing on business, entrepreneurship and other topics. He mainly focuses on online business, digital publishing, marketing and ecommerce startups.

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The impact of learning management systems on employee performance

The impact of learning management systems on employee performance

A learning management system (LMS) is a graphical user interface that helps an organization fully manage its employee training needs. It provides e-learning modules and progress tracking and evaluation tools for employees.

Today, organizations are investing millions of dollars in learning management systems for the continuous professional development of their employees. LMS analytics helps organizations evaluate and monitor the performance of their employees. It’s easy to do Learn LMS Since most LMS are designed with the end user in mind.

The primary purpose of an LMS in an organization is to offer, record, and manage online learning for employees. Besides providing a common platform to efficiently and systematically deliver online training content to employees, an LMS benefits organizations in the following ways:

  • Reduction in per capita training cost: Research shows that LMS can reduce training costs up to 30-40%.
  • Automated tracking, evaluation and management of training courses: LMS support features and tools enable L&D staff to invest their time and effort in developing training content rather than managing administrative tasks to manage the training of their employees.
  • Ensure compliance with mandatory training: The LMS can also generate reports, thus enabling administrators to determine whether all employees have received the required training.
  • Centralized platform for employee training: LMS allows centralization of training content, professional development goals, online training evaluation and performance. This enables the organization to provide a consistent training program to all employees.
  • Cloud-based scalable and flexible learning environment: The e-learning modules will be available at all geographical locations of the organization and at all times

The LMS platform offers a variety of training options for employees to choose from based on their respective roles and levels in the organization.

Employees can customize their development plan based on their career aspirations and interests. The flexibility provided by LMS plays an important role in shaping employee performance, as discussed below.

  • Easy access to training material

Online training materials and resources provided by an LMS are stored on a cloud-based platform, meaning employees can access the e-learning course from any location as long as they have an Internet connection.

Further, the responsive features of LMS allow course availability from any device such as laptop, mobile phone, desktop, tab etc.

This means that employees are free to learn and develop their skills at their convenience, enabling them to improve their performance and be recognized in the organization.

  • Continuous engagement, participation, and motivation

Providing employees with opportunities to design their own professional development plans can have unexpected benefits for organizations.

Whether employees are training to compete with their peers or for their personal growth within the organization, online training courses deployed using an LMS will keep them engaged and interested in actively participating in training sessions. It will too Motivate them To continue exploring new learning modules as they become available. LMS thus keeps employees up-to-speed with the latest trends and skills, thus improving their overall performance in the organization.

  • Decreased employee turnover rate

A good LMS provides user-friendly dashboards that are easy to access and navigate. Primary user groups, ie, administrators, online trainers and students can log in and get whatever they need (reports, training modules, online training materials, etc.) within minutes. It plays an important role in boosting their confidence and improving their performance. They develop a sense of belonging to the organization. This, in turn, increases employee retention rates.

  • Means to evaluate and monitor training results

The LMS provides actionable insights into employee performance by conducting automated data analysis and generating reports. Instant evaluation of employees allows them to modify their training program within the stipulated time frame and get back on track.

These tools are also helpful in identifying redundant and ineffective training modules, thus enabling administrators to develop strategies and new content for employee training.

  • Streamlined learning and development processes

LMS provides an adaptable platform that enables L&D teams to streamline their workflows and efficiently introduce new training modules into the system.

As a result, they can address employee concerns more efficiently. They can provide necessary support to the employees to solve any problems they may face during their learning.

Standardized systems for retrieving, evaluating, and generating results for training modules also enable employees to streamline their learning and development processes in less time than conventional methods tend to disrupt their work assignments.

  • Increased productivity and efficiency development

In an organization, LMS provides employees with the flexibility to access training modules at any time, location and from any device. Employees do not feel obligated to take the learning course and voluntarily choose a convenient time to complete their training.

Thus, employees can effectively manage their time to complete their assignments without worrying about their professional development within the organization. This increases their productivity and performance to a great extent.

The training options, flexibility and adaptability provided by LMS help employees develop relevant skills to help them stay engaged and productive.

Proper training is consistent with employees’ roles and career goals.

It is a well-known fact that employees who are passionate about their work perform better and work in the best interest of the organization.

Furthermore, high-performing employees result in increased customer satisfaction. They are actively engaged in the day-to-day operations of the organization and produce commendable results. A desirable work culture with a strong learning program will help in employee retention, increased motivation and employee ownership.

The growth rate of an organization is directly related to the performance of its employees. The higher the performance, the higher the growth rate.

Investing in the right LMS system based on employee training needs will help the organization increase overall employee performance and create a positive impact on their productivity.

This will give employees an opportunity to use the platform to fill any gaps in their professional skills, grow within the organization and stay up-to-speed with the latest market trends.

Startup Mindset

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How to Start and Build a Business in a Tough Economy

How to Start and Build a Business in a Tough Economy

Starting a business is a daunting and confusing task in itself but in a tough economy, things can become even more difficult, requiring would-be entrepreneurs to triple their efforts. That’s partly because a tough economy puts pressure on credit markets, and potential customers are more careful about how and where they spend their money.

As a business owner, you need to be strategic, smart and careful about the steps you take to start and grow your business. Building a business in a tough economy or recession isn’t impossible, but it can be difficult. Recessions are notorious for closing the doors to new and established businesses alike. In this article, we’ll give you steps on how to start and grow your business in a tough economy or recession.

How to Start and Build a Business in a Tough Economy

Choose the right business

Not all businesses can withstand tough economic conditions. Some businesses thrive in a recession While others struggle to keep their doors open. If you haven’t started a business yet, you should take the time to figure out if your business idea makes sense in a tough economy.

But what if you have already started your business? How do you grow your business during a recession? There are several strategies companies use to survive recessions. One of them is to act like a recession-proof business.

Basically, it means understanding your customers’ struggles and doing your best to offer them what they need. This could be offering deep discounts or offering alternative products that are more affordable. If you’re wondering what types of businesses do well in a recession, check out our article 13 Recession-Proof Businesses That Thrive in a Down Economy.

Plan well and get into a good financial position

During economic expansion, there is no shortage of capital available for new and established businesses. Banks and investors are always looking for a business to help fund in hopes of a huge return.

But the money wells dried up during the recession. This doesn’t mean you can’t invest or get approved for a business loan. This means that it can be more difficult to do.

A really good business plan, a proof of concept and good personal credit history will go a long way in finding financing for your business. Before seeking money from an institution, an investor, or even family and friends, make sure you can handle the funds responsibly.

Run as far as possible

When an economy is slow, it usually means the money supply is tight. This means that finding finance to run your business is going to be challenging. That’s why it’s always better to use less money to run your startup. Paul Graham, popular startup essay writer and founder of Y Combinator, hit the nail on the head during the 2008 economic crisis when he wrote: “Why start a startup in a bad economy?” In the essay, Graham reinforces the idea that to survive in any economic climate; Run cheap. Here is an excerpt from his essay.

Remember that just because your sales are down or financing is more difficult, it doesn’t mean you should close your business. The economy expands and contracts so if you can hang in there during contractions, you’ll be in a better position to take advantage of expansions.

Use alternative methods to market your business

It takes ingenuity and creativity to build a business when the economy is bad. Therefore, you must think of new ways to stay ahead of your game and your competitors.

In a tough economy or recession, businesses that innovate and adapt usually do better throughout and after the crisis is over. In your business, it is important to be creative when marketing your business. Offline marketing and using a combination of social media and YouTube is the best and most economical way to reach customers.

Think of fun ways or campaigns to promote your product to your target customers. Go to Youtube, Twitter, TikTok, Instagram and start a campaign, or better yet, run on one that’s already running.

Once you’ve got some online momentum, you need to go offline to stay visible. Go to local business meetups, give talks and talks, and be an active part of your community to make sure people are aware of who you are and what your business does. The important thing is to ensure that you are visible and active so that your brand gets exposure to your target audience.

Manage your expectations

As I’ve said before, when the economy contracts, money is tight. That’s why it’s important to manage your expectations and work to properly utilize your capital to manage business expenses. Eliminate wasteful steps, unnecessary protocols, or procedures that add no value or waste time. Your employees can use those extra hours to focus on your company’s core mission.

Your financial projections and key performance indicators need to be adjusted for economic conditions. This doesn’t mean you have to give up the idea of ​​growth in exchange for survival. However, this means that you redefine what growth looks like for your company.

For example, you may have a goal of expanding your team from 25 to 50. But does your team need to be full-time employees or can you use sites like Upwork and Fiverr to get the work done? Remember that before you can thrive you must first learn how to live. It is important that you learn How Successful Companies Survive Recessions And practice the same principle.

Leverage free and low-cost technology, software, and tools

As a new business trying to find its way through a recession, it’s important to find the most economical way to do everything. When it comes to things like accounting, online marketing, customer management, etc., there are many free and low-cost options that you should consider using when you’re just starting out.

Wave App and ZipBooks are good examples of capable accounting software that are free to get started. As your business grows, you can choose to continue using them with upgraded features or move to a more hefty tariff.

Conclusion

Starting a business during a recession is not always ideal. But if you take the right steps and go into it with a game plan, you’ll increase your chances of success. Take the time to choose the right business for you and your financial situation. Then, grow that business by carefully investing in things and being innovative. Just because a recession cripples the economy doesn’t mean you can’t win. If you’re already in business and want to know how to weather the storm, check out our article How Strong Companies Survive the Recession: 7 Strategies You Need to Incorporate in Your Business Today

This article was first published on 6 February 2016 but has been updated and expanded.

Lance McHenry on Twitter
Lance McHenry

Staff News Writer: Lance McHenry is a writer, tea snob, entrepreneur, lover of #tech and #startups. His idea of ​​a triathlon is creating an idea, building a prototype and validating it. He has been involved in the growth of several startups and now shares his ideas on business and technology. Follow him on Twitter @Lanceexpress

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Small billboard Seth’s Blog

Small billboard Seth’s Blog

On the West Side Highway in Manhattan, there is currently a billboard for placebo supplements. There is a QR code for more information in the corner.

Unless the person in the passenger seat has a telephoto lens on their phone, there’s no way in the world it’s going to work.

My late friend Jay Levinson said that the most effective billboard would say, “Free coffee, next exit.” A call to action, relevant to the audience, easy to see and understand.

Actual billboards are an entire category of media, but now we’re surrounded by a new kind, one smaller, more unobtrusive and common: social media posts. You can see thousands of them in a day.

Social media started as text updates from one person to another, but thanks to photo sharing, some posts have become something else entirely. An opportunity to create consistent, effective and clear reminders of who you are and what you stand for.

But with Jay’s mandate in mind, they work as well when they’re about the audience as they are about you. They work better when they can see and understand from a distance. And they work better when they “sound like you.”

Here are examples of dozens of digital billboards my fellow volunteers have created for the Almanac. These blew me away. Really free coffee.