Operations

3 Simple Steps To Digitizing Your Workflow

Enterprises worldwide are embracing a digital transformation. By doing so, these companies are finding methods to streamline processes and improve organizational efficiency. Firms dealing with hardcopy-based processes are unable to move as fast and suffer from a lack of security. As a result, major organizations are investing their time into workflow digitization to compete at a higher level. Here, we have identified 3 main ways in which you can effectively digitize your workflow and exponentially increase productivity! 1. Review All Existing Processes Conduct a comprehensive review of your entire enterprise’s workflow and all underlying processes. In organizations with complex workflow channels, many processes tend to be neglected in favour of those that are deemed a priority. This tends ...

The Basics Of Business Insurance For Small Business Owners

Most small business owners have a good idea of what tools, equipment and materials are needed to conduct their business. However, when it comes to insurance, they don’t always know what to insure or how much coverage they require. At the very least, consider buying General Liability and Business Property insurance for your small business. Or you can get a Small Business Owner’s Policy (BOP) that contains both under a single policy. In most places, Worker’s Compensation insurance is a necessity. If you or your employees will be driving for work purposes, then you will need Commercial Auto Insurance. Once you have these basics covered, consider any risks that are unique to your business. Is your area prone to flooding? Are you handling large amounts of customer data? You will want to address...

3 Ways Amazon Has Changed Retail For Good

Before the days of Amazon, retail marketing was pretty simple. You reach out to as many consumers as possible and get them to come to your store. However, Amazon has disrupted and changed retail for good. Amazon has set the bar for digital commerce by curating an assortment of both product and expectation. This way, consumers are satisfied whenever and wherever. The all-encompassing nature of Amazon’s approach to retail is all the rage today. With that, let’s take a look at a few ways in which Amazon has changed the retail industry for good! 1. Predictive and Accurate Product Searches What happens when you have a giant catalog of products? While most retailers focus on paid and organic reach, Amazon has no need for such channels. 55% of shoppers say that they begin their product searches o...

Need a Fuss Free Office Space? Here’s 5 co-working spaces in Malaysia!

It was only a decade ago that in order to set up an office one would need to source for a space, set up in the interior, install necessary infrastructure and furniture, employ cleaners etc. Co-working spaces have become a huge hit, with most reporting an occupancy rate between 80-90%.  Check out these fuss free co-working spaces that are sure to not only brighten your mood when you head to work but also inspire you to work more efficiently, as you no longer need to deal with the nitty gritty details of running an office.  Before We Begin Do note these few terms and what they mean, so you have a clearer picture of what we prioritize when looking at co-working spaces. In ascending prices, these are: Day Pass: A day pass typically allows you to use the facilities of the place for the day. Ope...

Why Your Beauty Store Location Matters in Malaysia

Choosing a store location is an important decision to make during the early stages of your business establishment. This is especially true for brick-and-mortar beauty stores. Much of their business’s ability to generate sales and make a profit is largely influenced by their store’s location. Here’s why your beauty store location matters in Malaysia! 1. Accessibility You will clearly want to choose a location of your beauty store where it will be easily accessible, either in a mall or shop lots. Your store’s location should be ideally nearby lots of traffic (both foot and four-wheeled variety) and as well as parking availability. Does your beauty store require your customers to search for the location? Or is it easily seen from the main road or on the way to their homes? Is it a...

Why Empty Units Have Become A Common Sight in Malaysian Malls

Earlier in January, Free Malaysia Today reported that 27 new malls would be popping up around Kuala Lumpur by 2028.  With retail occupancy being at an all time low, Malaysians were baffled by the news. The Klang Valley, which constitutes Putrajaya and Selangor, exhibits 59 million sq ft of mall space, a figure equivalent to 51 Suria KLCC malls. Yet, despite the lack of demand and necessity for shopping malls, new ones seem to be popping up left, right and centre. Malaysian Malls Are Getting More Empty, But New Ones Are Still Being Built.

What Retailers Need to Know before Accepting Payment Gateways in Malaysia

Consumers are increasingly expecting to be able to pay via credit card and online payment gateways. Credit card and online payment options undoubtedly provide a host of advantages. They help to attract more customers, considerably broadening customer capture. They are also responsible for producing high revenue. Customers tend to purchase more when the effect of cash deduction is non-tangible. Most noteworthy is the factor of convenience, offered by these type of payment methods. It addresses the problem of having to carry cash around and also promotes safety. However, the nitty-gritty of these payment options has to be thoroughly looked into. Especially from the point of retailers and small business owners. Small businesses usually store money in their inventory. However, when their busin...

Top 10 Reasons Why F&B Businesses Fail

The F&B business is always an exciting venture for anyone looking to get into it! Although it is time-consuming, it is just as rewarding. However, there are many aspects to running a restaurant that most people forget about. Making these mistakes may end up costing your business. In the worst case, this means total failure. Below are 10 reasons why F&B businesses tend to fail. 1. Your Restaurant Location Matters

Cost-Efficient Methods for Your Restaurant Business

Looking to save money but not so sure how to start practising cost-efficient methods for your restaurant? Cost-efficient methods may seem daunting and complicated but it really does not have to be – this article will provide you with 5 logical and simple tips to increase your profit margins overnight! 1. Go Green! If your restaurant is still stuck on using disposable plastic utensils, cups or plates, it’s time to go green! Many eco-friendly restaurants utilise glass or ceramic dining ware instead and have even gone the extra mile to use metal straws. The one time cost of buying these sustainable dining ware will save you the accumulative amount spent on disposable plastic utensils in the long run. Plus it will completely rebrand your restaurant – imagine pretty China plates ins...