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Business Security Systems – Why Are Famous Companies Using These Systems?

Business security systems

Any business, big or small, is essentially exposed to many threats against possible losses due to various reasons. All business owners would naturally like to protect their businesses against any losses from the public or from their own employees.

The world renowned company ABC Malls, which has a chain of malls all over the world, has an elaborate business security system in place in each and every mall which they operate. In fact, these business security systems were an integral part of the mall’s beginning. These systems were able to help the mall recover millions of dollars in items recovered.

If we were to look at the reasons as to why they have invested in these elaborate and sophisticated business systems (which include security cameras and burglar alarms) in place at every single location, we would have an extremely long list. Below, I listed the top 7 reasons, I believe, as to why so many businesses like the chain of malls use these systems.

1. Decrease theft by employees – Security cameras lower the incidents of thefts by employees to a considerable extent. Strategically placed security cameras are a big deterrent.

2. Deter shoplifting – Some customers, no matter how rich or famous they may be, are in the habit of shoplifting small items. If they see themselves in a strategically placed camera as they enter the store, it deters them from shoplifting.

3. Increase employee productivity – Employees know that they are under constant watch and this leads to an increase in employee productivity.

4. Prevent or reduce unauthorized entry – When people know that their entry and movement within the store is not only being watched but is also being recorded, it prevents unauthorized or undesirable people from entering the store with any bad intentions.

5. Deter burglars – A good burglar alarm installed in the premises in addition to strategically placed security cameras as a part of business security systems definitely deters burglars from trying to steal at the store.

6. Reduce insurance premium – Most insurance companies offer significant discounts on monthly insurance premium payments if adequate business security systems are in place.

7. Protect against fraudulent claims – Sometimes customers or even employees have a tendency to lodge fraudulent claims. If an adequate number of security cameras are visible to such individuals, they are less likely to indulge in lodging fraudulent claims for fear of being exposed with the help of the recorded evidence.

Business Phone Systems – Why Are Famous Companies Using These Systems?

Business phone systems

A few decades ago, businesses used to have landline phones with as many phone lines as the number of users. Soon, these were replaced by expensive but technologically advanced PBX or PABX business phone systems which were, in a way, the private networks of each business. With these phone systems, a limited number of phone lines could be used by a large number of employees. But these systems needed constant maintenance and constant upgrading.

The last two decades have witnessed huge technological advancements in the field of telecommunications. As businesses grew in size at a phenomenal pace, so did these systems.

Today, advanced businesses use these types of systems because they have proven to be a great asset. These systems use what is called VOIP, which is voice over internet. Here, the phone call is transmitted over an IP network such as the Internet. In addition to the usual voice telephone, it has many other features also.

There are a host of reasons for a business owner to use this type of technology for their business. Here are some of the reasons to use this technology.

1. Cost Savings – These systems are more economical in both installation and operation and do not involve heavy upfront equipment costs. No extra lines are required to be set up by the local phone company. Due to remote monitoring and maintenance, support costs are also much less. Long distance calls also cost much less as distance has no bearing on call costs. Even international calls are much cheaper.

2. Low maintenance needs – These systems which use VoIP need little maintenance and that too costs much less when compared to the traditional systems.

3. Scalability – Expansion is not only easy but is also quick and less costly here.

4. Round the clock support – Round the clock support too comes at a very nominal cost.

5. Multiple benefits – Automated attendant, call forwarding, voice mail, conferencing, promotional messages or discount offers on call-hold, no fear of redundancy, automatic upgrades, easy adaptability, remote location dialing and the option of keeping record of the incoming and outgoing calls are some of the other unique features of these business phone systems.

The modern day VoIP based business phone systems are no more just the tools for communication. The various features and functions which come with these systems can help improve the efficiency of your business and simplify multiple tasks.

7 Amazing Secrets to Attract Investors for Your Small Business

A good team of investors can play a great role in the success of your small business, but a bad choice of investors can obliterate even the strongest ideas to execute. Believe it or not, investors provide more opportunities to your business, while becoming resources for creating effective marketing ideas. Knowing what to consider while selecting investors and being able to attract the right type of investors are vital skills for established and emerging entrepreneurs.

If you are a small business owner and finding trouble getting convincing investors, here are 7 secrets that will help you attract the eye of an angel investor or venture capital, while making your business a more appealing investment.

1. Get the Most Out of Networking

Networking is the best way for entrepreneurs to pitch their startup in a less formal and organic way. If you are building a great business, networking within the local startup and investing community can be the best way to meet and find the right type of investors.

If you find investors interested in your business, keep the meetings going and let things happen organically for optimum results. Let them consider your business, after all, you are not only conveying your idea, you are actually relying on the social capital built through the networking process that impact the investment decision.

2. Be Practical, Get Real Paying Customers

You need investment to attract customers, but you need customers to acquire money. It is always worth making an effort to get customers prior to approach an investor, instead of seeking funds first and customers second. It is advised to create a plan to acquire customers first that doesn’t need a very huge investment.

This is very important, particularly for emerging entrepreneurs, it will become easier to get investments on good terms. Investors always want proof that your idea is effective enough and will work, and nothing will satisfy them than having real paying users.

3. Find the Right Co-Founder

When you find investors, you are not only selling them your business in terms of products and services, you are selling them on your team. Opting for the right leadership team for your small business is an important process and having the wrong co-founders can be more dangerous for your business than having no co-founder at all.

However, finding the right co-founder can make the process easier, even beyond attracting investors. As having partners will allow you to rely on them, which can be a huge boost for your startup.

4. Get a Better ROI

Though investors may start believing in your business, the purpose for their investment is to make money. Therefore, it is important to highlight what they will actually gain from investing in your startup.

No matter if you are approaching an angel, VC or a rich person, it is important to show how you are going to get their investment return. It is alluring to focus on yourself and your business vision, but at the end of the day, investors want to know what is in it for them. Therefore, the best way to standout and get interest is to clearly explain how and when you will get them a return.

5. Take Benefit of the Online Fundraising Market

Networking is important, but your location should not be you’re the restricting factor when it comes to securing investment. There are different fundraising platforms available and you are no longer restricted to only being able to raise money. If your company has best-in-class metrics for your industry, you will be definitely able to double your money. Post your business’s best metrics and find investors on the platform related to your industry.

6. Pick the Right Investor

In order to attract attention of the right investor, make sure your product solves real problems. As a lot of entrepreneurs only attempt to reinvent the wheel, therefore, it is advised to highlight the qualities of your product to attract the real investor. Doing so will get users and revenue. Think outside the box and do something wonderful.

7. Graduating from a Top Accelerator

Emerging and first-time entrepreneurs are advised to apply to reputable startup accelerators that will lead their credibility to your company. Joining an accelerator can be greatly helpful for rising startups, though it doesn’t guarantee that you will get investment, it does make your startup a more appealing investment candidate. As graduating from a reputable accelerator guarantee funding and can greatly improve the chances that you would raise a favorable valuation.