Business Budget Tips
All business owners are looking for ways to increase productivity in order to help their business grow. In this article, we’ll take a look at five ways to boost productivity in your business, from motivating employees to utilising the knowledge of Dynamics consultants for your Microsoft ERP implementation.
1. Keep up to speed with technology
Technologies are improving and converging at a rapid rate, and businesses need to remain on top of these advancements in order to boost productivity. An example of unproductive use of technologies can be seen in businesses that still have separate systems for phones and data; these days, converged IP networks can be taken advantage of that combine these functions (and more) into a single solution. Replacing old computers with faster, more powerful versions can also go a long way to increase will also ensure productivity remains high, and even the simple task of keeping computers updated can be useful.
In-sourcing is an often ambiguous term which is seeing increasing use in the world of business. In this article, we’ll take a look at two different definitions of insourcing, comparing it with the more well-established concept of outsourcing to assist in its understanding. We’ll also look at examples of insourcing, such as hiring Microsoft Dynamics consultants to help with an organisation’s ERP implementation.
Comparison with outsourcing
Most of us are familiar with the term “outsourcing” — that is, the process of contracting work or a business function to an external provider or “third party”. Businesses outsource for various reasons, but most common among these is that outsourcing is viewed as a means of saving money. Often, outsourcing work is cheaper because businesses can leave the work to external providers of whom they don’t need to provide benefits, and who can usually charge a cheaper rate due to greater focus and fewer overheads.
The mandate of any business is quite straightforward: to increase profits in order to succeed. Profits can be increased either by improving sales or by controlling costs. In this article, we’ll take a look at five ways to control business costs, from using convergent technologies to using Microsoft Dynamics consultants to help with your ERP or CRM deployment.
1. Converge technologies
In a world that continues to be driven by technological advances, we are seeing more and more innovation when it comes to the convergence of technologies. Take smartphones, for example, which converge phone, camera, video, internet and music-playing abilities into one device. Or a home network, where television can be accessed from a computer, and vice versa. In the world of business, convergent technologies are also highly beneficial. For example, many businesses still use one network for data and another for phones. Ideally, businesses should look at switching to converged IP networks, which are able to handle data, voice, video and more on a single system.