For Modern-Day Business Owners, Here Are My Suggestions

Now more than ever, businesses are getting more competitive as they pit against each other. For that reason, I hereby give my suggestions about how some of them could be improved.

Disclaimer: I’m not an expert businessman nor an excellent business analyst. I’m just someone who believes that old business models must be abolished in favor of more effective and sensible ones.

Here are my suggestions for three important business aspects: Real-Estate, Consumer Electronics, and Hotel-Lodging.

Real Estate Business Computerization

Real estate companies are among the most profitable businesses in any country. It is the means by which people can purchase and acquire land or building for either residential or commercial purposes, although purposes could also vary based on the needs of a certain person or group of people. As the world gets more and more revolutionized, real estate properties are getting more expensive which makes the business around it more lucrative over the course of time. To cater to this, a fully automated system must be implemented for a business establishment.

Technology Must Be Employed Strategically

Technology will play an important role in improving the efficiency of a Real-Estate business in dealing with its clients, particularly in the field of computerization. To properly cater to that great number of people and landmass, a speedy and robust IT infrastructure must be present within the facility.

It is because customer inquiries, presentation of services, and other products that the company offers must be showcased in a fully automated way. No other method or technology is better suited other than computer systems and other related software, particularly database systems in addressing the needs of any expanding Real-Estate Business.

Since the systems that any company plans to implement is a system that can be accessed by a lot of people including employees, clients, architects, and sub-traders. Such a system would be too broad and complex, which means the system could be very prone to failure and attacks. To make the system very secure, certain strategic implementations would have to be made.

This should include wireless computer networks with firewalls, anti-malware applications, and an array of security software. In addition to this, certain security protocols would have to be instilled in training the personnel in charge of the system.

The protocols must include username and password rules that would be hard to crack by hackers and cybercriminals. By implementing complex passwords that are comprised of alphanumeric characters, it would be a lot harder for digital intruders to penetrate the system.

Compensation Program For A Modern Computer-Electronic Business

As a company that specializes in providing digital security measures for businesses, any computer-electronic store must add the following compensation items to their existing compensation program:

Performance-based bonuses – This is when the quality of the work done by an employee is evaluated in which he/she will be given monetary incentives based on his/her performance.

Digital equipment incentives – This is a set of digital devices that an outstanding employee will acquire if he/she has met certain criteria or standards.

Sales/referral bonuses – This is a special bonus for employees who made some sales or have referred a client to the company.

In deciding whether or not a certain employee is qualified for any of the above-given statements, a thorough evaluation must be done. Interviews must be conducted with the employee as to how he/she performs as a worker based on the testimonials given by the co-workers.

And since a computer-electronic store is an establishment that revolves around digital technologies, computerized processes must be involved as well. This means that digital records of the logging in and logging out of the employees must be strictly monitored to come up with a truly accurate judgment.

The management of the company must be very decisive in choosing the right employees that should avail incentives and bonuses. The right amount or set of devices or equipment to be given away must not belong to the substandard category, they should be as good as pristine as those devices that they sell, or hand over to the clients in providing the services of the company.

In response to the new compensation program to be established by a computer-electronic store, the employees should also do their designated tasks accordingly and must accept whatever judgment is issued upon them by the administrators pertaining to the incentives or bonuses that they will be given in the future.

Competitive Response For Hotel And Lodging Businesses

To compete against prominent lodging business establishments, a rival business that you own must consider using the following methods:

Enhancing the customer experience.

To make the clients come back for more on their next travels, giving them something unforgettable is one of the most crucial aspects of the business. To make this happen in great style, musical performances, amusement halls, and recreational activities must be implemented.

This could include hiring singers and musicians who can play family-oriented kinds of music. Rooms, where they could play board games and puzzles, could also be crafted. Also, activities like biking, light-ball games, and other athletic stress relievers could also be conducted.

Launching a mobile app where the clients can make orders and purchases.

By letting the clients browse through a category of products and grocery items on their phones is a brilliant innovation, and a hotel competitor should highly consider it. Included in the app must be options in which a client can book room services, recreational activities (such as biking and boat-riding), and grocery delivery straight to the rented doorstep of the clients.

Electronic transportation and rental transactions.

This is in connection to the second item which is purchasing through a mobile app. If such a feature is also integrated with the process of renting cars or other transportation vehicles that the clients of a lodging business may need, it can surely reduce the time they need in paying for their obligations and increase the time they can spend on enjoying their vacation and leisure moments.

The transit time from the airport or bus terminals can cause great delays and if the time spent is cut significantly, it can further enhance the great experience that clients could enjoy.