Some people live for the summer and the warm weather it brings. Others cannot wait until the weather starts to cool in fall. Regardless of how you feel about it, the weather will soon start to get cold. Winter really is coming.
That means you need to do a little work now to prepare your home for the cooler months. Doing so can save you money on heating, but it can also make sure you don’t have expensive and annoying repairs come spring. You should start by looking at the outside of your home.
Preparing The Outside Of Your Home
In any season, leaky roofs or doors are a problem. You pay good money to control the temperature of your home, and these gaps make it more expensive. That’s why neamb.com recommends taking a look at your roof. Any shingles that are loose can easily come off with a big snowfall. Along the same lines, check your doors and windows for drafts. If there are any, use silicone caulk outside to seal them up.
Because the weather will get seriously cold in winter, you also need to prepare your outside faucets. Start by removing garden hoses and storing them for spring. Then check the faucets themselves. Look into the spout for a metal stem. If you see one, your faucets are likely frost-free and don’t need anything. If there is no stem, you should shut off the water completely to the outside or install a sillcock with an integral vacuum breaker.
Closing Down Your Pool
Speaking of water, you have some extra work to do if you own a pool. Whether it’s above ground or not, you will need to winterize the pool so you can protect it. A treated pool is much less likely to give you problems next summer when you just want to get in the water.
In The Swim has an excellent page of winterizing kits for your pool, including:
● Winter “pills” that have a mix of enzymes and clarifiers to keep the water clear through winter.
● Covers for the whole pool and pumps to remove excess water from the top of the cover as the snow melts.
● Solar blankets that also act as covers.
● Patch kits for covers that develop small holes due to the weather.
What To Do Inside Your Home
Now that you’ve taken care of the outside and the pool, you need to look inside your home. Popular Mechanics has a great list of interior winterizing tips, such as:
● Changing your furnace filters so your heated air is clean.
● Turn any ceiling fans to reverse. (This pushes rising hot air back down to your level.)
● Consider installing storm doors and storm windows, as these can increase your energy efficiency for more comfort and lower costs.
● Hire a certified HVAC maintenance crew to make sure your furnace is working correctly.
If you have two homes and are leaving your summer residence, you should read this checklist from Travelers about preparing your home. Not only should you make sure your home is free of drafts and has a maintained furnace, you also need to drain your water pipes so they don’t freeze while you’re away.
Winterize Now To Save Time & Energy
The thing about fall and winter is that they can be here before you realize it. That’s why it’s so important to start preparing your house for cooler weather while it’s still warm. Check the outside of your house for problems with your roof, windows, and water system. Winterize your pool if you have one, then do some maintenance on the inside. This can go a long way to making sure you’re warm this winter.
How to tackle financial Problems
We have all been there. Financial woes and challenges happen to everyone at some point, and the stress and worry can be overwhelming. The most common financial problems and difficulties are:
Keeping track of what money is coming in and going out of your business is essential. Remember, profit isn’t the same as cash flow. Your business may generate a large profit margin and you may experience strong growth, but if your money is all tied up in stock you may not be able to pay your suppliers.
Send out invoices promptly and be quick to chase overdue bills. Set out clear payment terms with suppliers. Get to know your customer payment dates and don’t ignore irregularities or delays — a poor paying customer might be about to go bust.
Efficient stock management. This is just as important as managing cash flow. Regularly reconcile your stock records. An efficiently managed stock control system will have a positive impact on your cash flow because you will never be holding too much stock, or have all your money tied up in it.
Stay on good terms with your lenders and keep them informed of any unforeseen outgoings or changes in forecasts. By developing a good relationship, based on trust, with banks and lenders, they’ll be more likely to treat you favourably should your business need future financial assistance.
Planning for cycles is largely a matter of recognizing that they exist. This may mean not assuming that the current good times will go on forever.
Plan for tougher times by limiting the costs you add to your business. In particular, be wary of paying higher recurring expenses such as rent.
Entrepreneurs tend to take on unnecessary expenses when times are
good, but this can sink you if a recession strikes. Look out for overly lavish expense accounts, over-reliance on high-priced professional advisors, products that don’t carry their weight, and even marginal customers you’d be better off without. Trimming these costs when times are good will help your profits now and may make the difference between success and failure when the cycle turns the other way.
Also think twice before adding expenses that may be hard to cut, or even cost more to cut than they do to keep. Chief among these costs is people. It can be emotionally as well as financially painful to lay off workers in the event of an economic downturn. And the costs for severance pay, unemployment insurance, outplacement and retraining may also be steep.
Remember: Even if your income statement and balance sheet are strong now, you have to practice cost containment to be ready for the next recession.
Firstly I need to point out that “The best finance is no finance” however few of us have the luxury of no Finance.
Normally this is the first place the young entrepreneur thinks of. Since the Financial Crisis in 2008, Banks lending standards have got a whole lot tougher. However some Banks have set aside funds for Small Business Lending. It is always worth contacting them, and compare their Terms and Conditions with other forms of finance.
Is the process of raising capital through the sale of shares in an enterprise? It can be anything from a few thousand pounds from Mum and Dad to billions from giant “initial public offerings”. The concept is the same. You give up a part of your company in return for cash. Giving up part of your company may be a big ask but being too possessive can kill an idea before it has taken off.
Is a type of private equity, provided by firms or funds to small, early-stage emerging firms that are deemed to have high growth potential in return for Equity or a stake in the ownership?
Friends and relatives
Can be a controversial method. Always consider that you are risking their financial future and jeopardizing important personal relationships. Offer up a strong business plan. This will show them that you are taking their money seriously, and always make them aware that they could lose everything!
Or seed investor, is an affluent individual who provides capital for a business start up, usually in exchange for convertible dept or ownership equity.
Is the practice of funding a project or venture by raising monetary contributions from a large number of people. Debt-based crowd funding, also known as peer to peer “P2P” is where borrowers apply on line, generally for free, and their application is reviewed and verified by an automated system. Investors buy securities in a fund that makes the loans to individual borrowers. Investors make money from interest on the unsecured loan, the system operators make money from taking a percentage of the loan and a loan servicing fee.
In the years that I have grown my own business www.zzap.com I have learnt that in order to attract other peoples hard earned cash make sure you can tick each of these boxes:
1.Be an expert in your product and the market you are attempting to enter.
2.Don’t just follow the latest Fad. You need to show passion for the idea \ product, rather than just jumping on a bandwagon.
3.Keep the investors up to date. This is often overlooked.
4.Add experience. Surround yourself with people you trust who can fill in the gaps. No one knows it all.
There are many ways to raise capital but they all come at a price. Taking calculated risks is part of being a businessman. Be truthful with yourself, do your homework, know your market. Before anyone will invest in you they have to be convinced that you are a good bet. You will only convince them if you truly believe in yourself. You may be interested in my article “Learn your own way. The most underrated key to success.
Before renting office space or purchasing property, think about how much space you need now and what you’ll need once your business starts to grow. Does your business require more than a home office can provide? Will temporary office space work?
Equipment & Maintenance
Don’t buy the latest model if you don’t need it. Remember to include basic office equipment in your budget, items like computers, copier, paper, scanner, desks and chairs. Use second-hand and discount sites such as eBay, Freecycle, Gumtree and surplus sales.
Provide perks. It’s more cost-effective to retain good employees than recruit new ones. These perks don’t have to be pricey; benefits such as flexible schedules, telecommuting and casual dress codes can do a lot to boost retention.
At a minimum, you need both employer liability and public liability coverage. It’s also a good idea to carry insurance for negligence, property, illnesses and injuries.
Negotiate with your insurance providers. Periodically review your coverage to see if it still meets your business needs. Talk to your provider and other insurers to get the best rates and best coverage.
Poor Financial management
Specialists can save you money and time. Legal professionals can untangle red tape and advise on legal challenges. Accounting specialists can translate tax codes, help maintain accurate payment and inventory records, and find grants to help fund your endeavours. Although expensive they can make that all important difference.
If you want to run a successful business then there are times when you will take calculated risks. This can lead to success or ruin. But it doesn’t have to be that way. You must realise that there is almost always a way out, and before you sink into deep depression you must explore every avenue. I hope I have shown you how to overcome some of financial problems and difficulties and hopefully ease your stress. One size does not fit all. But, by taking a positive approach there is every chance you will succeed.
As an e-commerce site administrator, one cannot ignore the power of user data collected during different stages of activities on your site. Many organizations collect and store these data, but they do not put them into good use, such as using them to increase the conversion ratio on their website.
Many users will visit your site and never comeback for further activities. However, if you properly use the data they submitted to your database during registration, you can effectively increase their return rate by 50% or more.
The purpose of every business is to maximize sales. One of the best ways to maximize sales is by getting your customers perform certain task, and those tasks can only be done when they are visible to the customer.
As an e-commerce administrator how can you use all that big data you’ve collected? In this article we shall be discussing how to properly utilize the customer and consumer data you collected to increase the conversion ratio.
What Kind Of Data Should You Track?
With the right analytic tools you can track the following information from a user; whether they carried out a transaction or not.
Age and gender.
Residential Address which will give you clues on the region they live.
The pages they visited.
The links or product they clicked.
The keyword that brought them to your site.
The amount spent and product bought during last visit
1. Use Tracked Data to Create a Personalized, Shopping Experience For Customers
A study done by Infosys study, shows that 70% customers will spend 13% or more, if they are confident that the company selling to them has a superior service.
Through the personal data you collected from your customers or site visitors, you should be able to personalize certain recommendations to inform your customers about product and services they might have an interest.
The data you have tracked can also be used to study what certain customers from certain region prefer. This will help your target other audience from the same region effectively.
2. Use Your Tracked Data to Customize Special Offers and Promotions
One thing that drives traffic to an e-commerce site is special offers and promotions. According to Brendan Wilde, marketing manager at Domain4Less, “A mass audience promotion will not get you the customers you need to increase sales; you should also conduct special promotion that targets a particular audience.” For instance, if you are selling winter coat your promotion should be targeted at your audience that experience winter or during winter season.
Using the data you collected you can send email notification or SMS to your audience whom you know are living in areas that experience such season, clearly stating reasons they should buy winter coat even if they have one. Such customized offers will increase the number of daily visitors you get and the same time your CTR.
3. Use the Tracked Data for Product Feedback
The information you get from your customers, especially during period of huge sales should be used to improve your product and services. For instance many customers will leave negative reviews on some products. You should not take these reviews as a bad signal, rather as an avenue to improve on your services and increase sales.
You can ask your reliable customers who are willing to carry out a survey about your services such as features or products they would like you to add. You should also watch out for product review sites to study how certain customers react.
4. Use Tracked Data to Improve Your Marketing
Your business can not succeed without proper marketing. While many startups fail to properly utilize the data they gathered to improve their marketing department, the data serves as an avenue for marketers to understand the behavioral activities of prospects that become customers.
This implies that with these data, they see the journey of a prospect and target campaigns to influence and convert them to customers. In other words, your advertisement campaign will be targeted at the right audience.
5. Use Your Data to Create Sharable Content
One thing many e-commerce site administrators forget is creating blog content. While many see this as a job that should be left for bloggers; creating a blog section on your site and including helpful tips will increase your CTR. Many visitors will convert to customers if they read articles from your site about certain product or service. In a case where you sell Jewelries, offering tips on how to maintain them will increase your site visitors which in turn will convert to customers.
The data you gathered from your customers when properly utilized will serve as a source of increasing your conversion rate at the same time increasing sales and maximizing profits.