While we may not always be in a position to choose our business trips and destinations, we can choose to have fun while on them.
For most, having a holiday while on business sounds impossible.
But as the saying goes, every dark cloud has a silver lining, and even the dreariest business destinations can have a fun element if only we looked closely.
While the prospect of business travel seems exciting initially, the novelty of it soon wears off, leaving us with trips we dread going on.
Surprisingly, however, a holiday or mini-vacation while on business does not take much time or effort.
In fact, with proper planning, you can avoid getting jaded and make your business trip fun. How?
In this article, we guide you on how you can vacation on your business trip.
5 Tips To Turn Any Business Trip Into A Business Holiday.
- DO YOUR HOMEWORK
Before you travel to your business destination, ask yourself what the place offers in terms of attractions.
Is it a quaint old town with a rich history? Is it a seaside locale? Or is it one of the world’s best safari destinations?
This will help you determine what kind of fun activities you can slot in your itinerary.
Also related to this, you might want to consider whether it is an ideal destination for a family holiday.
However, it is perhaps prudent for those traveling on company business to check on your company/ employer’s policy first before tagging your family along.
A well-researched business travel trip yields dividends.
For example, it will serve you well to determine whether you will take a road trip and, if so, the scenic route you will travel on to max out the fun!
Prior research also enables you to pack adequately for the trip and all its attendant fun activities.
Imagine how regretful you would be if you arrived at the hotel and discovered that they have a pool and you do not have your swimwear ready.
- STRATEGIC RESERVATIONS
This tip is handy for those who have the flexibility and luxury of determining when and where to travel.
Will you be using a company credit card or a personal one?
Remember, always make a comparison of what different service providers have on offer.
Some airlines and hotels, for example, offer bonuses such as frequent flier miles to regular clients.
So why not capitalize on these?
Who knows, the bonuses you stack up might eventually even afford you free return trips and stays at great destinations.
Another critical element to consider is what time you wish to travel for your work holiday.
On his trip to Kenya a while back, Aadvik and his wife Prisha booked their business trip to coincide with Masai Mara’s annual wildebeest migration.
According to the couple, their ‘business lunch came with a wildlife cocktail, which was a welcome bonus.’
Thanks to their strategic planning, the two undertook successful business meetings and had opportunities to see Kenya’s fantastic wildlife.
Some of the places they visited during their work holiday included the Masai Mara Game Reserve and the Nairobi National Park, the only protected area in the world with a diverse wildlife population within a major city.
Now that you have found out all there is to know about your destination; it is time to travel and close some deals with loads of fun during your downtime.
It is always a good idea to explore the environs where you will be staying.
If the business meeting or seminar ends at 3 pm, for example, what fun is it to just lounge in your hotel room watching telly?
Tour the town or local village a bit.
Hunt for souvenirs.
While at it, sample some of the local delicacies. In short, be adventurous.
Business trip holidays are an excellent opportunity to learn about other people and their culture.
These may be persons with you on business or the local community at the venue.
- EXTENDED STAYS
To capitalize on your business trip, you could also consider extending your stay by a few days after the business part of the trip is done.
Extended stays allow you to explore the destination a little more while on a budget. For starters, you will not have to incur extra travel costs while at it.
3 Business Holidays on a beach
The extra time will also allow you to visit areas that need a more significant amount of time.
But always remember, all this is dependent on your planning and the work arrangement at hand.
What is important to note is that with proper organization, extended business trip holidays are a sure-fire way to create lasting memories with minimal hustle.
- KEEP POSITIVE
‘A man sees in the world what he carries in his heart’ Johann Wolfgang von Goethe.
Sometimes things may go awry during business travel.
The airline might lose our luggage, your hotel staff may treat you horribly, or your business party may turn out difficult and intolerable.
A little positivity may, however, take us a long way. Positivity includes being tolerant of other people’s way of doing things and finding beauty in bland situations.
For example, if you are traveling by road for business and get lost while on your road trip, you may choose to enjoy the scenery on your unplanned detour.
It does not detract from your original goal or destination. Whether mad or joyful, you will ultimately have to get to the venue, so why not enjoy yourself along the way?
Business Valuation Done Right: A Quick Guide
A business valuation helps business owners to understand the current market value of their businesses. So, let’s say you want to sell your business, but you don’t have any idea about the current value of the business—business valuation will assist you.
When seeking to know the value of your business, a business valuation will factor in several aspects of the business, like the current and future income of the business, as well as its assets and financial structure to determine its accurate value. Now, once you understand the accurate market value of your business, you don’t have to worry about being conned or manipulated by buyers.
Factors that determine the value of a business
The following factors play an important role when determining the worth of a business. Please note that these factors are universal, and will cut across all businesses, regardless of the industry. These factors include:
- Size of the business – generally, the bigger the business in terms of industry performance and revenue, the higher the value.
- Profits – a business that has been making profits or one that has a higher profit margin has a higher value than the businesses in the same industry with lower profit margins.
- Potential future growth – if projections show that your business is set to grow in the future, or you have plans to expand your business, products, or services, the value of the business will be higher.
- Competitive advantage – here, you have to ask a few questions like; what makes your business unique? What makes it different from other businesses in your industry? The services or products you provide should not only provide value to your clients, but they should do in a manner that sets your business apart from similar companies.
- Market traction and growth rate – these two key factors greatly determine the value of your business. The larger the market share, the higher the value of the business.
So, what’s the best way to determine the current worth of your business? Read on for more details.
This approach focuses on the business’ assets. The price of the assets determines the value of the business. To get the worth of your business using this approach, you need to minus the total liabilities from the value of the total assets. However, you should note that there’s room for clarification for the assets and liabilities that should be used to value the business.
The asset-based valuation approach aims to define the cost needed to start another business, similar to the business you want to sell. However, this approach has one major challenge—you cannot value intangible assets. Thus, the asset-based valuation methods don’t apply to all businesses.
This approach focuses on the income of the business. To get the total income of the business, you should get the total net operating income, and divide it by the current capitalization rate. The income-based valuation approach is mostly used in the real estate industry, although it can be applied to other businesses.
And, just like the asset-based approach, the income-based valuation approach has its challenges too. The approach focuses more on the business’ cash flow, rather than the current condition or status of the business. While the income-based approach is the best way you get insights into the worth of the business, it doesn’t provide an all-encompassing picture of the value of the business.
This is the third and last method of valuing a business. The market-based valuation approach assesses previously sold businesses, which are in the same industry as the listed business. Thus, the current worth of your business will be determined by the average value of similar businesses. However, the market-based valuation approach considers other factors of the business being sold. Adjustments must be made to the value depending on the quantity, quality, and size of the business, compared to similar businesses.
Just like the other two approaches, the market-based valuation approach has its drawbacks. At times, your business might be compared to other businesses that were sold at a significantly lower price because it wasn’t properly evaluated. In addition, the market-based valuation approach applies only to some businesses.
Always work with professionals when valuing your business. Besides, you should note that none of the above three methods is perfect. Valuing a business isn’t an easy task, considering that there are a lot of considerations to make. Apart from the tangible assets that you can see, businesses have intangible assets, which can significantly increase the value of the business. However, it’s hard to determine the intangible assets.
So, always get your business evaluated if you want to sell it. When you consult a professional like Orlando Business Broker during this process, you have better insights into the value of the business. Besides, since professional business brokers do this job frequently, you will get an accurate value of the business. Avoid selling your business for too little—consult a business broker and let them evaluate your business.
How Telecom Billing Can Help Your Business to Save Money: 5 Top Hints
Every business desires to save money on its telecom bills, reduce costs, and maximize its profits. These are some of the concerns that most business owners, especially in today’s economy, where competition among businesses keep on increasing. Statistics indicate that telecommunication costs are fast running out of control, and most businesses are struggling to control these costs.
Sadly, today it’s not all about adding extra telephones and looking for telecom companies with the lowest rates. The telecommunications infrastructure cannot meet the ever-increasing demand, and this has led to increased telecommunication costs.
While most businesses are under constant pressure to control their telecommunication costs, they are still flooded with many options and costs—more than it’s ever been before. And, mostly it seems like, despite the reduced rates, the expenditure rates are ever-increasing.
But, did you know that investing in telecom billing software can help your business reduce telecom bills and save money? In this post, we shall discuss the top 5 ways how a telecom billing software can save your business money.
Helps you to audit your telecom services
Telecom billing software such as telecom billing software, Kansys provides one of the best ways to conduct a service audit for your telecom services—and this helps to identify whether there are any major issues with the services. And, you don’t have to do the audit alone today—the billing system will assist you to audit and optimize your telecom system. So, if you have a reliable telecom billing system, you will get a telecom audit of your services every month. This, in turn, will ensure that your business is getting the best services from your service providers. Besides, this will ensure that all your organization information is restructured.
Helps to consolidate your bills
A telecom billing software allows your business to consolidate all your monthly bills into a single bill. Thus, you will have a reduced number of bills that you will need to process every month—and this is very important if your business operates in more than one location. This, in turn, will reduce your administration costs, since you will not need to process multiple bills all at once. Besides, consolidating your bills allows you to have a clear picture of all your telecommunications inventory, as well as your monthly expenditure.
Assists you to do away with all unwanted services
Some telecommunication companies can provide your business with some services that you don’t need to run the business. And, these services mean extra costs to your monthly telecom bills. However, you can easily eliminate these costs with telecom billing software. A billing system will help you evaluate all the services you get from your telecom service provider, and eliminate the services you rarely need.
For instance, certain services like call waiting and call return are good, they are ideal for residential users—not your business. These are some of the services that your business doesn’t need. And, by doing so, you’ll automatically cut all the unwanted telecom costs your business has been incurring.
Helps to reduce any possible billing mistakes
A telecom billing process is very complex, and it should be done accurately. Thus, all telecom companies should understand the essence of a highly accurate billing process. However, not all telecom companies provide accurate bills—and such errors can end up eating into the finances of your business. However, having telecom billing software ensures that all final bills generated are accurate and error-free.
Most businesses today like to optimize their telecommunication expenses, as well as other expenses associated with phones. That’s why getting detailed telecom bills assists these businesses to optimize these costs since they have an opportunity to review all the transactions.
A detailed bill should provide your business with full details about your monthly usage. This should include a clear breakdown of the information, like the time and date each call was made, as well as the call duration of each call. Other details include message details, tacking dialed calls, and internet data expenses. Thus, a telecom billing software ensures you get detailed bills, which in turn allows you to monitor your expenses.
While most businesses overlook the importance of telecom billing, it’s one of the best ways of monitoring and regulating your telecommunication expenses. So, you need to get telecom billing software and avoid being a victim of the ever-increasing telecom bills.
How Custom Printed Rigid Boxes Work in Your Favor?
Create a luxury feel of your brand by using custom printed rigid boxes to package expensive items. Easy to use packaging will change your company’s outlook for good.
Packaging of luxury goods is an arduous task. You can create a lasting imprint in the minds of potential buyers by using quality custom rigid box. Customer will be attracted towards your brand after seeing the sustainable packaging. One big feature of using the rigid box packaging is its ability to tolerate pressure. Your items will remain safe inside the boxes so you can ship them easily.
Quality of Rigid Box Packaging
You can use custom rigid boxes for all sorts of products. Since the quality of raw materials used in the manufacturing of these containers is supreme. Unlike typical cardboard box, the rigid box packaging is more durable and pressure resistant. Mostly, people use rigid box packaging to pack shoes, board games, electronic gadgets, and more. Even luxurious brands don’t hesitate to use the boxes. For example, several jewelry brands use this hard packaging to flaunt and place their gems like rings, earrings, and more. That’s because rigid packaging looks elegant from the outside and tells a lot about your brand standards.
Use of Custom Printed Rigid Boxes
These boxes are made out of tough material. As a result, they keep the contents safe from all sorts of harm. The Legacy Printing can create these packages at affordable price as compared to others. Yet, the company produce top quality rigid boxes for your products. You can use these boxes to boost your sales and increase customer retention. The company also ships the custom printed rigid boxes free of cost. The turnaround time is also short, which means you receive the packaging within the desired time. The process for order placement is frictionless as you can do it with a few clicks using their website. Customer sales and support is available to address your concerns and queries regarding the order. uk time
Additional Benefits of Bespoke Rigid Boxes
There are myriad ways to harness the power of rigid boxes. Besides packaging the delicate watches and smartphones, people can also use custom rigid box to send gifts to their loved ones. The value of precious items increases when they are packaged inside them. Inside this box, your gifts can remain safe from any perils. You can manually place ribbons on the top of custom rigid box to give them an alluring look. Name and logo can be printed as well to let people know about your brand. Customer is likely to pay attention and take interest if the packaging is captivating. In the designing of customized boxes, skilled professionals are needed. They are the ones who manufacture the packaging box and add designs according to the demands of clients. Luckily, The Legacy Printing has large number of clients across the globe and it has earned their loyalty. These versatile boxes will keep your products free from harm and the stylish design will allow them to establish a positive brand image in the eyes of customer.
Mezcals to Try in the New Year
Have you thought about trying Mezcal? This legendary drink, which has its origin in Mexico, has for a long time been overshadowed by its rivals such as tequila, but this time it is not taking its foot off the gas. Mezcal is a soothing spirit that is made with a natural touch. Its production is highlighted by the roasting of agaves in underground pits and the slow fermentation in vats, which yields unmatched purity. If you have tried it before, then you must know how special it feels, but if you want to give it a try, you’ll surely discover what you have been missing.
To get the most extraordinary tastes of mezcals, here are the options you can try this new year to add flavor to your fun moments.
Rosaluna tops our list of the mezcals to try this year because it has many of the attributes you would want in this kind of drink. It is one of the new ones on the block, but this takes nothing away from the greatness it carries along and the epic experience it gives you. Rosaluna is made in Oaxaca, Mexico, a place that has been rightfully named the capital of mezcal. It joins other big names here and sets standards. It is gluten-free, carbon-neutral, and completely plant-based to grant you the most cordial sips.
The great taste of the Rosaluna is undoubtedly enabled by the fact that the makers are self-sustaining with integrated production where they grow everything needed for the brewery and complete every step at a single point. The natural process of production and attention to detail produces some of the best flavors. Adding a tinge of ginger here and some cinnamon there wraps up the best drink you are going to enjoy during this period.
This magical spirit can be enjoyed in many ways and on many occasions. Choose between the earthly agave, complex aroma, and smooth aroma.
Illegal Mezcal Joven
The Illegal mezcal joven is one of the drinks that you need to try because it is a natural flavor of niceness. The name might hit hard but this drink isn’t all that tough. In fact, a mezcal newbie would easily find a way with this brand. It is also made in Mexico and comes with the versatility to make cocktails but it can be enjoyed on its own.
The pieces that bring out the awe-inspiring taste are:
· Eucalyptus add ons
Illegal Mezcal is made cautiously, with virtually every step of the way being hand-crafted. It is left unaged to produce the desired mezcal taste and leave the agave flavor strong enough to tease the taste buds.
Montelobos is a mezcal brand that gives you variety on your shelves. You can choose from the Espadín variant or the Ensamble which is an adventurous blend of different types of agave. The other Montelobos expression is Tobala which is made from the rare agave variant. The smokey effect of mezcal makes the Tobala stand out, and this is further enhanced by the excellent product that comes out of the addition of other natural ingredients in Mexico, such as pepper. Choose one of the spirit variants from Montelobos, and you can easily mark your favorite from the list.
Mezcal is a nice kind of liquor to have in your collection. The fact that it is not mentioned everyday like its beer and wine counterparts makes it even more admirable. If you want to deviate a little from your everyday kind of spirit, then these are some of the best options you can find on the market.
Handbags For the Person on the Go
Apart from being a fashion staple, a handbag is also an essential item that makes it easy for you to carry your essentials around. Whether you want to dress up or just go casual, a handbag can make a lot of difference in your whole ensemble. Some numerous styles and designs are available to explore. You may want to explore Hammitt handbags to see what options are perfect for you. Each comes with its unique blend of fashion and practicality. There’s always a handbag for every occasion that you have. So, are you a practical person? What handbags would be perfect for your on-the-go lifestyle? Let’s explore these!
- Shoulder Bags
Shoulder bags remain the most popular option of handbags for the on-the-go person. They come in a variety of materials, designs, and hues. The varieties all depend on the imagination of the designers. You can find rectangular-shaped or flat-shaped shoulder handbags and everything in-between. Although they are shoulder handbags, most of them come with both long and short handles and straps that make the carriage easy. You can also choose your shoulder bag based on size. Your size will mostly be determined by how you intend to use it. If you are a light traveler, a small-sized shoulder bag may be ideal, but if you like having all your essentials with you on-the-go, a bigger size would be a perfect choice.
- Cross-body Bags
If you’re looking to buy something simple and light to carry, cross-body bags do make life easier for their owners. It comes with a long strap that can be worn across your body. With the cross-body, you can have your hands free or carry other items while on the go. By the way, cross-body bags can also be carried as shoulder bag if you want. It’s all about your style and your preference.
- Tote Bags
You’ll find amazing styles and designs of tote bags. They come in different colors and prints. There are shopping totes, which have enough space for your shopping purposes. You will also find the more executive totes that come in sleek designs. The great thing about these types is that they are also functional. Tote bags come in rectangular shapes most times, and the width can be bigger than the length in some cases.
Whether you are going on a date night, a formal occasion, or just hanging out with friends on a night in the town, a clutch will win the day anytime. Clutches come in different styles and designs. From slouchy and soft to boxy and beaded, you can be sure to find the perfect piece that fits your style. If you are carrying a clutch, you should be prepared not to carry many items because there is so much a clutch can take.
Satchels are more like cross-body bags, but they come in more precise shapes. Satchels are usually rectangular, unlike the square or circular shape of cross-body. Satchels also have dual buckle fastening and an envelope flap, unlike the clasp fastening of the cross-body bags. The design makes satchels a great choice for your everyday and on-the-go movement.
- Duffle Bags
The list of handbags for the person on-the-go cannot be complete without mentioning the duffle bags. These are the perfect choice for busy moms, gym-goers, and college students. They usually have boxy shapes and are large, making them a great option if you have lots of items to carry around. If you don’t want to go with the large-sized style, you can choose the mini duffle or barrel-shaped bags. These have become a popular fashion for daily casual wear.
These are the top six handbags that should be a part of your collection. Your design choice is often a matter of choice because more than being practical, they are also a fashion accessory that defines your personality.
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