5 Market Research Mistakes to Be Avoided

Are you making any of these mistakes when it comes to market research? Find out what not to do when using market research to analyse your target audience.

If you do not know what your customers want, then your business is less likely to succeed. With effective market research you can find out more about your customers preferences and needs. This in turn can influence your decision making. However, if market research is not conducted in the right manner, you can lose money, insight and time. Most importantly, you will not be able to reach your target market.

Here are five common mistakes that most business owners make when it comes to market research. Find out how you can avoid these mistakes and make the most out of your market research.

Mistake # 1: Making assumptions without data

As a business owner, it is easy to think that you know the best about an attribute of your product or the price point. But what you think, may not necessarily be what your customers want or like. So it is best to base your decisions on data rather than on speculation.

Continue reading

7 Tips to help you Improve the Accuracy in Data Entry

Accuracy in data entry can be improved by identifying the source of inaccuracies, adhering to robust standards and using the latest software. Improve the accuracy of your data entry with these seven tips.

Key business leaders usually take their decisions based on data. If there are inaccuracies in your data, it could result in poor or uninformed decisions, leading to unplanned costs or additional errors. This is why data entry has to accurate, with little or no errors. With huge volumes of data having to be entered on a daily basis, how can you ensure that your data is error-free?

Here are seven tips to help you ensure that your data entry process is accurate from the start to the finish:

Continue reading

5 Best Practices for Successful Medical Claims Processing

Do you want to improve your ROI and maximize your productivity, while streamlining operations? If yes, read the following five best practices for successful medical claims processing.

The AMA (American Medical Association) recently stated that the rise in claims processing errors is causing unnecessary costs for the healthcare industry. The complexity in medical claims processing makes it difficult for medical insurers to find a way of reducing claims processing expenses. Usually the unwanted expenses associated with claims processing is related to claim delays and denials. The several manual and complex steps involved in the claims system further complicates the situation.

How can health insurance companies improve their ROI, reduce the steps involved in claims processing and streamline operations? The impossible can be possible by adhering to some of the below best practices. From improving your accuracy and productivity to preventing operational issues and errors, here is how you can make a success out of medical claims processing.

Continue reading

3 Primary Challenges of In-House App Development

Are you trying to decide if you should keep mobile app development in-house? If yes, read on to find out about the challenges that come with in-house app development.

Many companies today choose to develop their apps in-house, believing that it is easier, faster, cheaper, more efficient and more controllable. However, in-house app development does come with its own challenges. Is your organization trying to decide between in-house app development and outsourcing mobile app services? If yes, read on to find out more about the three primary challenges of trying to keep your mobile app development in-house.

Challenge # 1: The struggle with skillsets

Did you know that over 94% of organizations don’t have the required mobile development resources to tackle all their development needs? At times, even with 15 developers working on a mobile app, there is still a gap in the skills required for mobile app development.

For instance, iOS and Android require complicated and difficult coding systems. An Android developer cannot just start coding for iOS without sufficient training or study. If you were to create mobile apps for both the platforms, you would definitely need two development skillsets and efforts.

Continue reading

5 Benefits of Having a Good Cash Flow Forecast

Still don’t have a cash flow forecast? Read about how a meticulously planned cash flow forecast can help you highlight impending problems, follow cash flow trends, operate in a weak economy, impress investors and plan for future business growth.

Are you using your bank balance to manage your company’s cash flow? If yes, please don’t, as your bank balance may not be the best tool when it comes to managing your cash flow. A bank balance only tells you how much you have in the bank. It will not tell you how much your business owns to creditors and vendors. Why not do your enterprise a favor and manage your cash flow with a forward thinking cash flow forecast.

  1. Learn about cash flow trends and patterns

    With a cash flow forecast that is reviewed and reconciled on a regular basis, you can learn about the trends and patterns impacting your cash flow cycle. These trends and patterns will reflect the ebbs and flows of your business’s cash flow cycle. You can also comprehend why some months the cash flow is negative, while others are cash flow positive. By taking the time to understand these trends, you can manage your cash flow in a better manner and plan in advance for tight months.

  2. Continue reading

5 Reasons Why You Should Outsource Helpdesk Support

Are you unable to cater to your customers outside office hours? If yes, what you need is helpdesk support services. Read this blog post to find out why you should consider outsourcing helpdesk services.

Most businesses of today heavily rely on technology, which means that they require a support process that can quickly fix problems. With demands on time and effort, more and more enterprises are choosing to outsource their helpdesk. If you are not one of the businesses that have outsourced helpdesk services, consider the following five reasons of moving towards an outsourced IT support model.

1. Minimize your operating cost

Since the IT outsourcing market is competitive, prices are low. This means that your enterprise can reduce a huge sum of money by outsourcing. On the other hand, if you keep helpdesk support in-house, you will have to incur the cost of training, hardware and recruitment for your IT resources. You could opt for a fixed cost outsourcing contract, where you can save on money and effortlessly manage your annual operating costs.

Continue reading

Why Consider Property Management?

Do you want to enjoy the profits that come with owning a property, without having to deal with its maintenance, tenants or other such issues? With property management services, you can get the best out of your property without spending too much time or effort.

Are you spending a huge amount of time and effort in managing your properties? Do you want a time-out from issues like rent arrears, maintenance problems or challenging tenants? If yes, what you need is a property management service. Hiring a property management company to do the job for you, can enable you to enjoy the profits of your property minus the problems.

Here are some factors that you can consider to evaluate if hiring a property management company is the right decision for you:

Continue reading

4 Essentials of a Product Label

What is it? What kind of a product is it? What is its flavor? Your label you should be able to answer all such questions at a glance. Find out the four essentials of a product label.

The label of your product is a great marketing opportunity. If it is not effective, then your opportunity is wasted. While your homepage is your marketing piece online, a label is your marketing piece outside. All you have is half a second to convince people walking across a shelf to pick up your product. What is it? What kind of a product is it? What is its flavor? Your label you should be able to answer all such questions at a glance.

How do you come up with an effective label deign for your product? Here are six tips to help you create a winning label design.

Continue reading

4 Benefits of Mathcad You Didn’t Know About

Did you know that you can benefit by using Mathcad Prime for engineering? Read this blog post to find out about the top four benefits of using Mathcad.

Mathcad can be called the future of structural engineering. This software has helped engineers to both innovate and enhance productivity. With its advanced capabilities, engineers can record and collaborate on calculations. Design work can also be done with ease. If your engineering enterprise has still not got a hold of Mathcad Prime, read this blog post to find out what you are missing out on.

Here are four key benefits that Mathcad can give your enterprise:

Continue reading

What is a Customer Satisfaction Survey?

A customer satisfaction survey can provide a strong indicator of the purchase intentions and loyalty of consumers. Read this post to find out why customer satisfaction surveys are important.

How do you identify unhappy customers, find potential advocates or measure satisfaction? It is possible to find out all of the above through a customer satisfaction survey. A customer satisfaction survey can help you spot the overall level of satisfaction and assist you with finding your happiest and unhappiest customers. The feedback that you collect from the survey will give you the opportunity to follow up with your happy customers and turn them into advocates. It will also give you a chance to fix the problems and retain the business of your unhappy customers.

Continue reading