Employees who can’t manage their own money won’t know what’s at stake when it comes to your manufacturing business. By teaching your employees about finances, they’ll be more in tune with your daily operations and will help you increase your bottom line. Here’s why.
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Some workplace injuries are cut and dry. For example, you’ve cut your finger or fallen at work on the clock. Other times, prolonged work conditions cause you to develop an illness, or the injury itself was deemed, either by you or management, as not “severe enough” to make a claim.
Multiple misconceptions surrounding workers’ compensation can lead to employees neglecting their own rights or insurance coverage. To ensure that you follow the right steps after an injury, you’ll need to understand what type of trauma qualifies you for a workers’ compensation claim.
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Some products are so “cool” and fun to use that it’s obvious how to market them. If you sell makeup – use Instagram influencers. If you sell baked goods, then create videos showing you making and eating them.
For commodity products, however, it can be hard to give consumers a good reason why they should buy your product over anyone else’s.
Although marketing these products is more difficult, it is still possible. Furthermore, due to the creative thinking needed to successfully market these products, a good campaign should have a greater effect in these boring industries compared to more trendy ones.
As an owner of an online store that sells used tires, I’ve struggled with the “marketing a boring product” problem for more than a decade. Here are some of the best strategies that I have used to overcome this problem. Hopefully they can provide you with some ideas for your next campaign.
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This article was written by Mike Skoropad. Mike is the CEO of tire retailer United Tires.
Warehouses in all sectors have a high turnover rate that’s difficult to keep down due to the high skill level required to operate industry-specific machinery. Speeding up the hiring process without a proper pipeline will only worsen this problem, as you may pick unsuitable candidates.
According to Vox, potential employees are very interested in working in warehousing but want to work for employers who offer benefits and a competent onboarding process. Here are a few things you can do to streamline the warehouse hiring process and keep top, skilled talent.
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Inventory management is all about having a system for storing and selling inventory. Combined with accounts payable and accounts receivable, it amounts to more than $1 trillion in assets. Inventory management starts with the sourcing of raw materials and ends with the selling of your products. With a good inventory management system, you will have the right amount of materials at the right time, at the ideal price.
But it’s not enough to have a good inventory management system. If you want maximum efficiency for your business, you should think about integrating your inventory management with accounting. If you are running a multinational business, then you should make that integration a multilingual one. Just by having inventory management software alone, you already have an advantage. That’s because 43% of American businesses are still not tracking inventory. Or if they do so, they do it manually.
In this article, we will go through the best practices for integrating your inventory management and accounting software. We will also look into adding a multilingual component to the integration with the help of a translation company.
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Christian Ray Pilares is a professional writer who has been writing about accounting, business solutions, and language-related topics for 10 years now.
The COVID-19 pandemic has affected how we learn, shop, socialize, travel, and work. That, in turn, is influencing tax policy.
After employees across numerous industries transitioned to working from home, states struggled to determine the tax implications of a newly remote workforce. As ecommerce sellers struggled to keep up with a surge in sales, states that tax remote sales benefited from a steady source of sales tax revenue. When education and events moved online, the question of how tax should apply to virtual events arose. And so on.
Our 2021 sales tax changes report examines emerging trends in business and tax. As always, it should serve as a resource for business leaders and tax professionals seeking to better understand the ever-shifting tax landscape.
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If you’re the owner of a manufacturing company, you are what you produce. What that means is that in every phase of your business’s operation, the quality of your products should be your top priority and main concern. Your products are what define your company, and your company’s reputation depends on the quality of your products.
But, like any business, there are no guarantees that you are always going to be able to deliver exactly what you’ve promised.
Just as a lawyer can forget to submit an important document and get hit with a legal malpractice claim as a result, your products might not always leave your manufacturing plant in perfect condition or working as they should.
And if a product your company has produced has a defect or malfunctions in a way that leads to third-party bodily injury or property damage, you can expect to be held liable.
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Everyone who owns an ecommerce store knows how important it is to get people to visit the website. But it’s just as essential to get the people who do visit to make a purchase or two. With ecommerce sales expected to reach $735 billion by 2023, acquiring a large piece of that pie should be a priority. One way to do that is by having the best possible product page so that users buy more items from you.
Lots of businesses in ecommerce focus on improving their checkout and cart pages, but the product pages matter as much, if not more, than those components of a site. This is where you can hook customers who aren’t sure whether to buy from you or not. Since ecommerce customers can’t feel or see your products in person, you want to do everything you can to give them the information they need to decide your product is the one they want.
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Andrian Valeanu is a Web designer and indie maker. His interests include information technologies, Web design, and email marketing.
Most companies don’t focus on the putaway process because it isn’t as obviously tied to revenue or business operations as fulfillment. That means lots of time and money spent on optimizing pick and pack, without thinking about how putaway prepares goods and teams to operate at their peak.
The initial placement of goods in your warehouse matters. When it’s done right, it makes every other process faster and easier. So, your goal for the second half of 2020 should be to optimize this putaway process to keep things running smoothly and potentially improve your margins. There are a few different options and requirements for it, but they all tend to pay off well.
Here, we’ll break down our optimization thoughts into three phases:
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Jake Rheude is the Director of Marketing for Red Stag Fulfillment, an ecommerce fulfillment warehouse that was born out of ecommerce. He has years of experience in ecommerce and business development. In his free time, Jake enjoys reading about business and sharing his own experience with others.
You might have some high-end products that need to be stored. No matter how expensive the items are or how many items you need to be stored, you have several great ideas that you can consider.
Among your options for storage are facilities in your local community and facilities that you can ship your products to for specialized service. And if you have enough space at your home or place of business, you can handle the storage yourself.
For your convenience, here are five important tips for storing high-end products.
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