Many individuals start a business in the field they have experience in or where they feel there is an unmet customer demand. While they may have expertise in the business niche, which will give them an edge over the existing businesses, there are many other aspects of running a business. These include setting up an office or retail outlet, recruiting and retaining suitable employees, marketing and keeping financial, accounting records. Hence business owners often hire a business coach who will help them with their new business or improve their existing business. They would like to find out the cost of choosing a business coach, so that they can make a suitable decision. Some of the factors which affect the fees charged by a business coach are discussed below.

Profile

The business coach is usually someone who has started his own business and has experience in handling all aspects of the business. In some cases, the business coach may have sold his existing business and is devoting his time only to business coaching. In other cases, a business owner is offering business coaching as a consultancy service. The fees charged will depend on the number of years of experience of the business coach. Typically experienced business coaches will charge more for their services, since they can offer better advice to the business owner.

Success

Another aspect which is considered is how successful the business coach is. Some business coaches may be extremely successful business owners who have sold very large businesses, so more business owners are likely to be interested in their services. Hence these business coaches are charging more. In other cases, the business coach has high profile and very successful clients, who have increased their sales and profits rapidly after using the advice which is being provided by the coach. More people are likely to use these well established coaches, whose fees will be higher.

Expertise

For some businesses like retail stores, there are a large number of business coaches who have expertise in these businesses, so the fees will be less. In other cases, especially hitech electronics, there are few business coaches, who understand the technology involved. So it is difficult to find specialized business coaches in some high tech sectors, and these coaches will also charge higher fees, Similarly high fees are usually paid for advice in industry sectors where the profit margins will be higher. Business coaches with less experience in providing coaching services will often charge lower fees, to get more clients initially.

Terms

While a majority of the business coaches are charging a fee which is linked to the time they spend in understanding the business, providing suitable advice, in some cases, the fees are linked to business growth or increase in profit. Smaller businesses and startups are often linking the fees to the results or improvement in profit, since they cannot afford to pay more without any result. Business coaches with only a few clients may also agree to work with companies which are linking fees to business performance improvement.

If you want to keep up with the changing times, you need to think about your inventory management procedures. Today, there are countless businesses that struggle to keep a handle on their inventory. They could certainly benefit from help with inventory optimization. Because we live in a world that is more global than it ever has been, our supply chains are more spread out. As a result, it is harder for us to keep up with our inventory management. This leads to a few common mistakes. What are the most common mistakes business owners make when they are trying to manage their inventory?

Not Training Your Employees or Communicating with Them Effectively

The first mistake business owners make is not communicating with their employees effectively. If your employees do not know what they are supposed to do, they are going to have a hard time managing your inventory appropriately. That is where training comes in handy. You need to think carefully about how you can set up your training programs to provide your employees with the skills and tools they need to manage your inventory the right way.

Not Taking Advantage of Automation Technology

Another common mistake that people make when they are trying to improve their inventory management is not taking advantage of automation technology. It is true that it might seem easier to write everything down by hand on a piece of paper with a pencil. Then, business owners used to pin this up on a bulletin board and keep track of their inventory that way.

Unfortunately, there are a lot of issues with this approach. For example, it is easy to make a mistake when tracking things by hand. You might not be able to read the person’s handwriting either. In order to avoid this situation, take advantage of automation technology. This can go a long way toward making your inventory practices faster and more accurate. There are advanced software suites that can automate a lot of the tasks that you used to do by hand.

Sprint planning software is an event in the scrum that kicks off the sprint. The purpose of sprint planning is to define what can be delivered in the sprint and how that work will be achieved. Sprint planning is done in collaboration with the whole scrum team.

Not Asking for Help from Trained Professionals When You Need It

Finally, another common mistake that business owners make is not asking for help when they need it. With how disparate supply chains have become in the modern era, it is difficult to keep track of everything that is going on when it comes to inventory management. Therefore, it might be helpful to reach out to trained professionals who can point you in the right direction.

If you feel like your supply chain and inventory practices have gotten out of control, you might want to reach out to consultants who know how to help you leverage the latest technology in the world of automation. This simple step can go a long way toward helping you make your inventory practices as efficient as possible. This could also help you stay ahead of your competition.

Improve Your Ability To Manage Your Inventory Today

These are a few of the most common mistakes people make when they are trying to improve their inventory management practices. If you want to place your business on solid footing today, you need to think carefully about your inventory management systems. If you want to make your inventory more efficient, you should rely on advanced software programs that can automate a lot of the systems you used to do by hand. You might even want to reach out to trained professionals who can help you make sure you get your inventory management practices right. Stay away from these mistakes.

Data Capping – Everything you do on the internet uses data, whether it is checking your emails or binge-watching your favorite show on online streaming platforms, or participating in a zoom meeting, you are using data in Megabytes and Gigabytes and all of it counts towards your data cap.

If you are surprised by a sudden hike in your cable bill this month, it could be because you spent too much time on the internet and exceeded your data cap.

A data cap is a maximum amount of data you are allowed to use per month by your ISP (commonly referred to as fair usage policy, usage allowance, and data limit or data usage). Your provider will usually send a warning when you’ve neared and passed your usage limit, and then you’ll receive overage charges on your next bill.

In response to the Coronavirus pandemic, more than 60 companies have signed on to the Federal Communication Commission’s Keep America Connected Pledge, promising changes that will protect Americans on a budget, introducing consumer-friendly policies like boosting speeds and waiving data caps, as households were doing more work from home, but as the pandemic has worn on, a growing number of cable companies are once again beginning to impose so-called “data caps” on their home internet service, and it includes one of the largest provider of cable internet in the country Comcast.

What Happens If You Go Over Your Data Limit?

From the beginning of this New Year, Comcast reintroduced a data cap on its internet service, limiting household users to 1.2 Terabytes of data per month. (A Terabyte equals 1024 Gigabytes). This data limit is currently in operation in 27 states across the country out of the 39 operated by Comcast (though according to the information available, it doesn’t start charging the customers until March)

Going over your data cap can lead to costly overage charges —many providers charge $10 for every 50 GB you go over per month—. Even if you go just one gigabyte over your limit, you’ll still be paying for all of those 50 Gigabytes, there is no pro-rata option available.

Other providers —namely satellite internet providers HughesNet and Viasat —have a “soft cap.”— Instead of charging you money when you go over, they’ll throttle down your internet to a fraction of its usual speed, which will leave you thirsting for more speed, of course, you can buy more monthly data if you want to. But it’ll come at a hefty cost.

Here is a breakdown of data caps across different service providers:

 How Easy To Cross Data Caps?

Although we agree with internet providers that 1 TB (1,024 GB) of data is more than enough to last most customers for a month and applies to only 5% of the households, with more and more use of the internet it’s quite easy to hit the data cap. For instance, a streaming video from an online platform like Netflix uses around 3 Gigabytes of data per hour and if a household has 4 active users, with their own devices, with their online learning, zoom meetings, it’s easy to hit the cap within no time.

 Why do ISPs Enforce Data Caps?

The answer is multi-fold, the short and simple reason why internet service providers use data caps is that they can, even though the additional bandwidth is extremely cheap, Internet-service providers can get away with this because of the lack of competition in most markets, meaning that customers can’t simply switch providers if they’re unhappy about the fees.

They also use it as a scare tactic, to encourage the consumers to upgrade their plans rather than run the risk of overage charges.

They also do it because the ISPs can produce only so much bandwidth and capacity, so they actively discourage users from using too much data which might slow down internet speeds for other users.

Some companies have opted not to impose data caps, not because as a goodwill gesture, but it requires a certain capability in back-office technology and all the companies don’t have it at this point.

How Can You Avoid Going Over Your Data Cap?

Budget your average data usage for the month and stick to the budge

Use a data usage monitor program to check how much data is used and how much is left before you hit the data cap and plan accordingly.

If you are constantly hitting the data cap every month, consider upgrading your plan, it might turn out to be economical in the long run.

Video Games – For the last few years the social media platforms have played the role of a marketing medium more than anything else. Regularly, there billions of people are using social sites to connect with people or for promoting their business and other things as well. Hence, if you wish to promote something to increase your business then you can use these social sites as a medium too.

There are many small and big marketers or businesspersons who often do take the assistance of social platforms to reach out to the audiences quickly. Nevertheless, you can also do the same thing for yourself and take any of the social sites to advertise what you want to promote. Besides that, one can take the instagram app for advertising anything that you have. The 1000 free Instagram followers trial can aid you to engage your sharing posts on this app.

Moreover, one can bring these followers for free through the help of the GetInsta app. Keeping all these things aside, if you have developed some gaming apps then you can promote those apps as well through the instagram app. Therefore, one will have to track some useful steps and do those steps regularly for getting the audience’s attention. This article is for all those video games developers to get the idea for marketing their apps.

Follow These 4 Steps To Market Your Video Games On Instagram

Here in this part, now we will offer you some steps to do. If you do all those steps then it will be easy for you to promote your apps and the success as well. Let us now focus on the steps briefly.

1. Change From A Personal To A Business

Nowadays, almost daily we find many apps on Google play stores or any other stores as well. These apps are build by the app developers. However, not all the apps are known to us. Probably the developers do not promote their apps. However, you can promote your creating apps through the medium of the social media sites. Moreover, if you create video games apps then you can share your app details on instagram. As we all know, there are so many game lovers who are always looking for the games to play.

Besides that, to promote your video game apps, you think that you will have to switch your personal instagram account into a business account.

2. Create Unique Branded Hashtags For Your Mobile App

After changing your personal instagram account into a business account, you will have to post regularly about your games related information with the audiences. Before posting information about the video games apps, you will have to maintain the branded hashtags on your post all the time.

3. Partner With Influencers To Promote Your App

The free Instagram likes can help you to team up with big brands as well through which you can market your all video games apps in front of the instagram users. The big influencer companies will act as a medium to bring lots of audiences for your business and aid you to grow in the field of marketing as well.

4. Find Tools To Save Time Publishing On Instagram

To save some time, you can seek the help of the time scheduling apps to post your valuable information with your followers. It is very easy to use those publishing tools and you can use those times in some other works as well. Thus, this is the final step that you will have to do.

Conclusion

Therefore, these are the most common and simple ways through which anyone can promote his or her video game apps with the large section of people on instagram and attract their attention too.

With a staggering half a billion internet users, India has become one of the biggest and fastest developing markets as far as digital consumers are concerned. However, the adoption of digital capabilities is non-uniform for businesses across the board. Thus, with improvement in digital competencies and the establishment of all-pervasive connectivity, technological progression is poised to swiftly and radically alter the overall landscape of the Indian economy.

Companies that constantly keep on innovating and digitizing at a fast pace will be in a better position to maximally leverage the ubiquitous, digitally-connected Indian market which is estimated to garner 700M smartphone users and 840M internet users by the year 2023. From the perspective of the rapid improvement in technology as well as sharply plunging data costs, business models that embrace and enable technology will possibly become omnipresent during the next decade or so. This has an immense likelihood of generating remarkable economic value.

The impression of the economic impact is expected to be felt in three broad industrial categories.

Core Digital Sectors

• Digital communications
• Electronics manufacturing
• IT-BPM

The country’s core digital industrial sectors constitute nearly 7 percent of the national GDP. This accounts for around $170 billion of gross revenue earning. The break-up is shown below:

• $115 billion contributions from IT-BPM
• $45 billion contributions from digital communications
• $10 billion contributions from electronics manufacturing

Conditional on trends appropriate for industry revenue earning and growth and cost structures, these sectors are anticipated to experience sizable growth thereby leading to a significant hike in GDP by the year 2025. The value-added contribution is estimated to range between:

• $205 billion and $250 billion for IT-BPM
• $100 billion and $130 billion for electronics manufacturing
• $50 billion and $55 billion for digital communications

Therefore, the aggregate is expected to cover anything from $355 billion to $435 billion and may comprise nearly 8 to 10 percent of the GDP by 2025.

Newly Digitizing Sectors

• Agriculture
• Financial services
• General manufacturing
• Healthcare
• Logistics

Each of these sectors is significantly benefiting from digital applications and the results can be easily discerned. For instance, in the case of logistics, vehicles are now being tracked in real-time. Also, currently, there are ingenious attendance management and salary apps that keep track of employee performance and engagement. This has resulted in a reduction of fleet turnaround time by roughly 50 – 70 percent.

In a similar fashion digitally-powered supply chains have come to the aid of companies in reducing their inventory by nearly 20 percent.

Moreover, farmers can observe a decline in the cost to grow crops by almost 20 percent. This can be pulled off through extensive data analysis on soil conditions that can help minimize the application of fertilizers and other manures.

Government-owned services and Labor Markets

By digitizing the processes of transfer of government subsidies, procurement, and several other transactions, substantial value can also be created in government services and the associated job markets. This can be achieved by boosting public sector productivity and efficiency. Also, the creation of an online labor marketplace or digital showroom may well significantly enhance the efficacy of India’s largely fragmented and unorganized job market.

By and large, digital leaders in India are found to share some commonality in traits when it comes to the following areas.

Digital strategy

Leaders have a 30 percent more likelihood in contrast to companies in the bottom quartile to fully incorporate globally accepted digital strategies. They’re 2.3 times more preferred as sellers on major e-commerce platforms. Also, digital leaders show a 3.5 times more likelihood to declare that disruptive changes in the digital sphere prompted them to bring about adjustments in core operations. In the end, they’re 40 percent more prone to assert that digital investment is a topmost priority.

Digital organization

Leaders exhibit a 14.5 times more likelihood to precipitate centralization of digital management in comparison with companies lying in the bottom quartile. They’re 5 times more likely to formulate a self-contained, thoroughly staffed team of analytics and put it into action. Firms on the top quartile also show 70 percent more likelihood to proclaim having received direct support and engagement of their CEOs in taking off digital initiatives.

Digital capabilities

Digital leaders have 2.6 times more likelihood to employ tools for managing customer relationships as opposed to companies in the bottom quartile. They’re also 2.5 times more likely to resort to digital implements for the management and coordination of core business operations.

Thus, it’s evident there lies a gap between digital leaders and different other firms. However, the gap isn’t really overwhelming. In certain scenarios, even if there’s a huge gap, companies that are lagging behind can close it by going [digital] through small, simpler ways.  In this context, social media marketing can offer remarkable benefits. Channels such as e-commerce, social media, digital showroom, or other listing platforms are not only affordable to use but also can be easily accessed. And if you’re a business owner with a smartphone and high-speed internet connection you can get the most out of these channels.

Conclusion

Digital value can be unlocked in a far-reaching way through extensive adoption and implementation. The corresponding economic value in 2025 will be in proportion to the scale by which [digital] applications will be integrated into chief production processes involving supply chains, sales funnel, delivery channels, etc. The readiness of firms and government agencies will also play a pivotal role to stimulate widespread digitization.