Why Software Engineers Should Get an MBA in Information Technology

Peanut butter and jelly. Love and marriage. Bacon and eggs. Software engineers and an MBA? Seems like an odd couple pairing, right? Read on and we’ll tell you why getting a Master of Business Administration in Information Technology might be the best thing you can do for your software engineering career.

There was a time when the IT world and the business world existed in separate stratospheres. Those days are long gone. Now, technology and business have become so intertwined that they’re often indistinguishable. Business managers now have extensive training (and even degrees) in technology and IT leaders now need to know the business world to survive. To better understand how these worlds have meshed — and how it can help grow your career — let’s look at some tangible examples.

An MBA Will Probably Increase Your Salary

self-worth

The average cost of an MBA in this country is $60,000. An MBA at a prestigious university can set you back around $100,000. So, MBAs are expensive, but their financial rewards are well-documented. In fact, according to the Financial Times, the average salary for MBA holders went up to $142,000 in 2017, which represents a 12-percent increase over the period of 2014 to 2017. In 2017 alone, average salaries increased by $7,000. And, when you factor in pre-MBA salaries, the difference is even more drastic. Nearly 66% of alumni cohorts more than doubled their salaries in 2018.

And, according to the U.S. Bureau of Labor Statistics, employment for software developers is expected to rise by 21% between 2018 and 2028 (the average for all occupations is just 5% during that period). An MBA in IT can only add rocket fuel to this equation.

An MBA Can Make You into a Leader

You may be able to advance your IT or business career mightily based solely on your talent; there are software engineers who have raced through the ranks holding nothing but talent, a high school diploma and no small amount of charisma. However, these days, many organizations that are recruiting for high-level positions want engineers with proven leadership skills. A graduate-level degree might be a prerequisite just to get a callback.

That’s where an MBA can be invaluable. MBA programs emphasize leadership in the classroom and often ask students to develop leadership skills through internships, and this helps software engineers evolve their broader skill sets.

An MBA Might Help You Forge Your Own Path

Ever dreamed of starting your own business and calling the shots for once? Aside from all-important leadership skills, an MBA will teach you the analytical and business skills you’d need to take a holistic view of your operations. Perhaps more importantly, you’ll foster soft skills in an MBA program — teamwork, communication, adaptability — that are often the real drivers behind a successful business.

Getting an MBA while holding a full-time job is certainly a challenge, and finding a way to pay for a master’s degree is, too. However, keep in mind that many programs will allow you to take classes online, part-time and at your convenience. And, you don’t necessarily need a pricey MBA from Yale to succeed. In fact, MBAs are pretty ubiquitous. There are plenty of programs that cost less, fit nicely into your schedule and still offer the training and degree you’ll need to advance your career.

Four Movies to Watch after You’ve Watched The Big Short

If you haven’t watched The Big Short yet, I strongly recommend you to do. It’s a great movie concerning trading and the global financial crisis (2007-2008). You’d be amazed at the storyline and suspense that this movie has to offer.

But if you have watched this amazing movie, however, then we have four other similar movies to recommend you. Movies that you should definitely put on your must-watch list.

Boiler room

Box office – $28 million

Directed and written by – Ben Younger

(If you are – or if you want to become a broker one day – this is the perfect movie for you)

Plot:
Even though he is a college dropout, the nineteen-year-old Seth Davis manages to make a living by running an illegal and small local casino in his home. Something that his father, Marty (A federal judge), doesn’t approve at all.

But one night, a wealthy person named Greg Weinstein comes by the casino to play blackjack. That night Greg offers Seth to join a brokerage company called J. T. Marlin. Seth accepts the offer. But later on, Seth finds out that J. T. Marlin is corrupted and that it uses its brokers to allure buyers into  investing in companies that never or no longer exist.

Seth is devastated when he is tricked into tricking one of the stock market buyers, Harry Reynard, who thanks to Seth, loses everything he has. Then Seth confesses everything to his father and wants them both to reveal the fraud of J. T. Marlin.

At first, Seth’s father seems reluctant to accept, for he is afraid that he might lose his job as a federal judge if something goes wrong. But then he accepts. Both Seth and his father succeed in closing down J. T. Marlin, though not alone, the FBI gets involved in the case as well.

Margin Call

Box office – $19.5 million

Directed and written by – J. C. Chandor

(A great finance-based movie that will keep you excited and thrilled from the very begging till the end. Besides, you’ll learn something more about the global financial crisis too)

Plot:
A company starts to fall in the abyss of the global financial crisis (2007-2008). During the beginning of the movie, no one is aware of any lurking financial menace. Eric Dale from the department of risk management – is the first person who is on the edge of discovering that the company is moving straight towards bankrupt, but his project isn’t finished.

At first, no one believes in his project, and he is flanked by security out of the building for good. But on his way out, he stumbles across one of his colleagues, Peter Sullivan – also from the department of risk management. Eric hands over a USB stick to Peter by casting him a furtive you-have-to-finish-this look.

Peter, working late at night on finishing Peter’s project, uncovers some shocking facts. The value of the company’s mortgage-backed securities is rapidly decreasing. Peter informs posthaste some of his colleagues about the financial instability that they’re facing. The bad information spreads fast and reaches to the division head, Jared. There is an emergency meeting.

The firm makes some plans on how to financially survive – and Eric is called to be part of those plans at the threat that he’d lose his severance payment, among other things, if he doesn’t agree to do it.

The Wolf of Wall Street

Box office – $392 million

Directed by – Martin Scorsese
Written by – Terence Winter

(This is the greatest stockbroking movie of all times. And even if you don’t have any knowledge in stockbroking, you’ll still enjoy and watch this movie with rapt attention)

Plot:
Jordan Belfort starts as a stockbroker. Something that provides him enough money to fall in the dirty hands of sex, nightlife, and drugs. But rather sooner than later, his career ends. Still, he manages to find a new job at a brokerage firm, and he is so good at what he does that he even makes a  small fortune. But that isn’t enough for Jordan.

And after getting acquainted with the deceitful talents of his neighbor, Donnie Azoff, both he and Donnie decide to open their own company – Stratton Oakmont. They even hire some of Jordan’s friends to work for them by teaching them some fraud methods that, later on, generate huge amounts of money for the company.

Nevertheless, Jordan becomes so rich that he starts to care only for himself. He even divorces his wife to marry another woman named Naomi, but their marriage doesn’t have a happy ending. At any rate, the biggest problems for Jordan begin when he makes dozens of millions in just several hours. Jordan transfers his money in a Swiss bank to hide them, but that doesn’t help him in appearing any less fraudulent in the eyes of the FBI.

He travels abroad to escape justice, but, eventually, he gets caught by the FBI. And after being sentenced by the court, he is given a chance to serve only three years in prison, though under one condition. He has to testify against his criminal colleagues, which he does.

MoneyBall

Box office – $110 million

Directed by – Bennett Miller
Written by – Aaron Sorkin and Steven Zaillian

(If you love baseball and some real (Go from zero to hero) team-management actions – MoneyBall is the movie that you don’t want to skip)

Plot:
The 2001 American League Division doesn’t end well for the Oakland Athletics. Their general manager, Billy Beane, feels down in the dumps. And with several leading players on the brink of leaving the team, there seems to be no hope for the Oakland Athletics at all.

But fortunately, Billy meets this young graduate – Peter Brand. Peter approaches Billy with some forward-looking strategies that might transform the whole downfall prospect of the Athletics into victory. Billy likes Peter’s words and puts him on an aptitude test by asking him what steps he would take concerning a game of a past major league.

Peter answers the question, and Billy hires him almost at once. Billy’s assertions to victory are based on sabermetrics that would evaluate the quality of underestimated players. And since the Athletics have a small budget to operate with, this seems like a great plan to Billy. So, after hiring three underestimated players, including an injured catcher, Billy and Peter get nothing but bad criticism from Oakland scouts and hostile opposition from Art Howe (The manager of the team).

But despite the resistance to their strategy, Billy and Peter prove that they are right. And the Athletics even make twenty consecutive wins, which is a new record to the American League Record Board.

I hope that our list of four movies similar to The Big Short has been interesting to you. Now, all you have to do is relax, sit down, and watch some of the greatest finance-based movies of all times.

Besides, no matter which of these four movies you chose to watch, you won’t make a mistake.

Movies Like The Wolf of Wall Street

There is no doubting that Martin Scorcese’s 2013 biopic of Jordan Belfort’s crazy real-life story, was a huge success. Whenever I speak to people about this movie, I always get the same response. It’s just too hard to find that person who thinks it’s a bad film. Despite only being six-years-old, it is regarded as a modern day classic, which continues to grow in popularity.

This article aims to give you 10 movies that are like “The Wolf of Wall Street”.

The Big Short

This movie just has to make the list. Just like the “The Wolf of Wall Street”, the film is based around a group of characters who work within the wall street industry. What these characters foresee, is the collapse of the housing market, and all they want is to take advantage of it, despite their clients’ growing outrage.

The Social Network

Just like “The Wolf of Wall Street”, “The Social Network” is a critically acclaimed movie that is directed by a cinematic giant. It is David Fincher who is responsible for creating this piece of art back in 2011. Another similarity is that both movies are based on true stories that involve deceit and corruption. “The Social Network” portrays the issues surrounding the creation of Facebook.

American Psycho

If you’re a fan of “The Wolf of Wall Street” then there is no reason why you should not like “American Psycho”. They are two movies based on young, charming men working in sales who have over excessive characters wanting to achieve their goals. Patrick Bateman (played by Christian Bale) is a sociopath waiting to be unleashed in this pulsating thriller.

Casino

Another Scorsese classic which also holds similarities. Driven by an all-star cast, “Casino” portrays life as a mob gangster running a Vegas Casino. One thing about this movie that has to be said, is that Sharon Stone’s portrayal of Ginger is nothing short of wonderfully breathtaking. In addition, her character can be compared to Margot Robbie’s, Naomi Belfort in “The Wolf of Wall Street”. Both women have equal tendencies to be with a man for money and power, and won’t think twice in backstabbing them when the time is right. The infamous Robert De Niro stars as the mob boss in this scintillating gangster movie. When his business is affected by serious competition, life becomes a matter of survival as lives are teared apart in this cinematic masterpiece.

Wall Street

Despite the obvious, “Wall Street” is most certainly a movie to watch after “The Wolf of Wall Street”. Not just because both stories are based around the culture of Wall Street, but how they are set in different eras that show us the corruption involving the financial world. “Wall Street” is set in a time that is before the 1987 crash, and this is right before what takes place at the beginning of “The Wolf of Wall Street”.

American Hustle

This is a fictional film that portrays an impressive scandal you’ll never forget. Led by another all-star cast, “American Hustle” tells a story of con-artists, FBI agents, and the Mafia all rolled up in one glorious feature. The plot is intelligent as well as entertaining, and each character gifts you with something worthwhile of your time. Like “The Wolf of Wall Street”, the movie is thrilling and entertaining, and similarly uses pop songs during emotional moments.

Catch Me if You Can

If you want a movie to take you on a pulsating chase of cat and mouse, look no further than “Catch Me if You Can”. This is another movie starring Leonardo DiCaprio, who plays as Frank Abagnale jr, although he is much younger in this feature. Just like his Jordan Belfort character, DiCaprio’s Abagnale is intelligent and highly skilled to fool the FBI for numerous years. Abagnale is just a teenager, but he manages to disguise himself as a lawyer, a doctor, and a co-captain of a major airline within this movie. To think that this movie is based on a true story just blows your mind.

The Departed

You cannot deny that “The Departed” has to be on this list. Like the majority of the films listed here, it holds a fantastic cast that delivers one of the greatest mob dramas of our era. It earned Scorsese his one and only surprising Academy Award for Best Picture, but when you see it, you will know exactly why. It portrays one man working undercover in the mob, and another who is a mole among the cops. What this story brings, is a battle between the mob and the cops, showing brave individuals as pawns to win it for their establishments. If you haven’t seen this movie, it is a must-see today.

Boiler Room

In this drama, there is a portrayal of American Business at it’s most corrupt worst. Although it doesn’t boast a strong enough script to be on par with “The Wolf of Wall Street”, there are still so many comparisons between the pair. Both movies involve young men who all become millionaires overnight within the world of sales. “Boiler Room” shows these young men working at a brokerage firm who, just like those in “The Wolf of Wall Street”, achieve in making their money by fooling their clients over the phone.

War Dogs

Firstly, “War Dogs” compares to “The Wolf of Wall Street” because both of them contain Jonah Hill. However, the comparison doesn’t stop there. Both of these movies contain young men who strive to earn millions of bucks in quick succession. In this movie, Jonah Hill aims to convince his friend to be an international arms dealer, and the amount of comedic moments that come with it makes you know you are watching a similar movie to “The Wolf of Wall Street”. It is a solid movie which is driven by a compelling true story. It is an underrated movie that could perhaps gain a stronger following.

There you go, the ten movies that can be strongly compared to “The Wolf of Wall Street”. Each and every one of them hold at least some similarities. Some more than others, of course, but it’s easy to suggest that they all compare is some way.

Whether it’s a plot involving the same business culture, or perhaps a mob drama that holds similar characters with similar purposes, there are enough movies out there that can be compared with the popular biopic.

If you’re a fan of “The Wolf of Wall Street”, then each and every movie on this list has to be watched either now or in the future.

Cost Effective Marketing Options

Below, we are going to take a look at some cost-effective marketing options for your business…

Getting your website sorted

The better the website, the more money it will help you to make, so it is an essential part of your marketing. One important thing to remember is to keep it simple – don’t make your visitors work too hard.

To do this, SEO and PPC are a must. Use script tools for Google Ads to get started. If your site is not optimized, you won’t be visible.

When people come to a business website, most of the time they know what they want, at least in part. Web design options need to reflect that.

There is no point in making things difficult for your visitors who are there because they want to know more about you or to purchase something from you. If your web design is too complicated, then they will often go elsewhere. 

Don’t use crazy designs that hide menus in strange places, for example, or make them almost invisible. This will not help you to guide people to the pages you want them to see.

If you are aiming to sell online, then you need your website to reflect that, and make the shop the main focus. If you prefer to sell face to face or you have a bricks and mortar shop, then again make it clear how this can be found.

It’s imperative that you don’t confuse your visitors – always let them know what you do and how you do it. No one wants to go to a website and spend 30 seconds or more searching for the information they need or the page they want.

And they won’t want to click through a number of pages either. Keep menus focused and user-friendly.

Create business posters

There are generally three options to choose from when creating a poster; you can create it yourself, you can hire a designer, or you can use an existing design. The latter is undoubtedly one of the most popular options.

Nowadays, a lot of companies that provide online printing services are also supplying free or inexpensive poster designs for companies to take advantage of. This speeds up the process and makes it a lot more cost efficient as well.

Another option is to create your own poster. Of course, you are going to need a considerable amount of time to do so. This solution is only advised for those who are passionate about the advert, i.e. perhaps it is for your band’s gig, and those with knowledge about design. You do want it to look good after all!

Last but not least, you could choose to hire a designer to create a poster for you. This can be very rewarding if they come up with an impressive design, but it can also be very expensive and you are putting your trust in someone else’s hands. Considering most people choose poster marketing because it is cost effective, hiring a designer does not always fit the mould. 

Can You Hire Contractors For Your Side Hustle?

Starting a side hustle is a common decision that many households take in order to boost their income. More often than not, the side hustle can be run during your free time. But there will come a moment when you get to the end of your abilities.

At first, you may choose to dedicate a few hours during the week. But, if your side business becomes successful, you’ll soon realise that you need to provide additional services and operative hours to your customers.

Unfortunately, until your side hustle becomes a viable business on its own, it’s never a good idea to give up your day-to-day job until you’re sure your side hustle is robust. However, it’s a never-ending dilemma.

You need to invest time to grow your hustle, but you can’t afford to quit your regular-income job. What is the best way forward? 

Many households choose to abandon their side hustle when they reach a critical point. However, there is another option that can prove helpful to you and allow you to grow your side hustle without taking uncalculated risks.

Everything successful entrepreneur has started in a modest environment. Google, Apple and Windows all started from a garage before they could outgrow their premises and hire their first employees.

Knowing that Bill Gates is one of the most celebrated millionaire philanthropists, it makes no doubt that with the right direction, any side hustle could potentially set you financially free – just like it did for Gates. However, before your side hustle turns into a full-size company, you need an extra pair of hands to set things ready.

Indeed, you can’t invest more of your time into growing your activities. However, you can pay someone to do it for you. If you’ve never considered hiring a freelance contractor, now’s the time to change your mind and explore the option.

As a side hustler, you are probably going to worry about a lot of different situations when it comes to relying on someone new. Here is a quick guideline of what you need to know about freelancers and why you should hire one – or more. 

Most businesses love contractors

More and more businesses have been relying on independent contractors for their company. Indeed, in a world where the work-life balance has become an obsessive quest, freelancers are taking over the work market. Their situation allows them to enjoy more flexibility.

They can choose to work when they need to, and they can schedule days, weeks or even months away from the workplace. Additionally, it’s not uncommon for freelancers to work remotely, which enables them to accumulate projects and clients. From a business perspective, contractors are a smart choice.

Ultimately, you only keep them until the project is over. In other words, you only pay for what you need when you need it. If you’re running a tight budget, you can set a relationship on a project-basis to make sure you don’t drag your budget in the red. 

How do you pick a contractor for your side hustle?

You have probably developed a strategy to accept or reject clients’ requests by now. Instinctively, you can tell when a client is going to be difficult, and, being a side hustler, you’re in a position to turn down the work offer – as you don’t rely on your side hustle to make ends meet.

You’ll find that your instinct will be just as helpful when it comes to finding the right freelancer for your project. If you’ve chosen to approach freelancers through dedicated platforms, such as Upwork or peopleperhour, you should check this handy article on how to choose the right person for you, https://www.upwork.com/hiring/startup/how-to-choose-and-interview-freelancer/.

Typically platforms have a rating system which lets you set the most recommended freelancers available for the set of skills you research. Additionally, you can also check their profile to get a feel of who they are and what they can do.

You can, however, find freelancers through different approaches. Indeed, many freelancers use social media networks such as LinkedIn to promote their skills, for instance. It’s a good platform to start your research. 

How do you pay a contractor?

money

When you hire a contractor for a one-time job through a freelancing platform, payment is going to be the last thing you’ll have to worry about. Indeed, most platforms have a payment system, which you can set to hours, days, or tasks, depending on your needs and preferences.

Typically, this is something that you will have to establish at the time of posting your job request. However, if you’re recruiting freelancers outside of those platforms, you will need to create a strict payment policy with your freelancer.

At the beginning of the project, the freelancer will have to confirm their hourly/daily rates, if you choose to use this system. You can then use a time management tool, such as https://getsling.com/employee-time-clock/ to clock in their time, which can be useful for long-term tasks. For one-time projects, it’s best to agree on the cost and payment terms before starting the work.

Some freelancers can have specific conditions, such as payments within 7 days or 15 days, for instance. 

How do you work with a contractor?

It’s not easy to work for yourself. But having someone working for you is a completely different kettle of fish! Ultimately, you need to change your habits to make sure someone else can work alongside without wasting your precious time.

Whatever you’re working on, remember that your freelancer is likely to work remotely. Therefore, you need to digitise everything you do and put it in a place that is manageable, accessible and editable for both of you.

Google Drive, for instance, offers a variety of tools for writing, reporting and building projects. It’s also recommended to stick to tools that are also mobile-friendly, as freelancers can work on the go.

In other words, the easier you make it to your freelancer to access information and work, the smoother your relationship will be. 

How do you pass information? 

Sharing documents is one thing, but it’s not quite the same as passing on information effectively.

You need to communicate effectively – if you’ve been running your side hustle alone until now, this is going to be a massive change. Your freelancing contractor may not live in the same time zone.

If you are planning on running catch-up calls or video conferences, you need to agree on a time that is suitable for both of you. Stating your availability clearly will make a big difference!

Communicating in writing is a life-saver. Writing instructions, decisions and necessary data ensures that you can trace back everything. Lastly, remember to be a good boss even if you’re only dealing with freelancers.

While it might be tempting to check on your contractor, don’t turn into a control freak: you’re only going to cost your side hustle precious time. 

How does it look like from a tax perspective?

If your side hustle doesn’t hit a taxable level every year, you may not even need to fill up a tax self-assessment form. However, even when your side hustle doesn’t deliver a high income, if you’re running an official business – a limited company, for instance –, you will need to fill up your corporate taxes.

Regardless of your tax choices – aka of whether you’ve formed a company or running a self-employed business –, hiring a freelancer will transform your tax return. Ultimately, the costs associated with the recruitment and payment processes need to figure on your tax return as they affect your overall profits.

If you are unsure about how to share the information from a tax perspective, you should work with a certified accountant to handle the matter safely. 

How about building a long-term relationship?

financial support

When you find a talented freelance contractor, you want to make sure you can keep them!

Most freelancers are experienced with long-term working relationships so that they will most likely shape their tasks into a recurring project if you both agree on a regular commitment.

However, there are a few things you can already do to encourage them to work for you again. Make sure to give your contractor a tour of your side hustle – virtually or physically, depending on the situation.

It’s the perfect way of introducing your goal, your skills and your resources. 

Good freelancers bring growth

You need freelancers to create growth, but you need growth to afford freelancers. Is there a way forward to solve the eternal outsourcing dilemma for small side hustlers? The answer is yes.

Tyically, you can work closely with dedicated marketing experts to drive more business. Indeed, content marketing freelancers are your best go-to contacts when you’re in the process of growing your business.

They can not only create appealing content, but they can also help you to reach out to new customers. From a blog post to an entire online course, published content drives new customers over time. In other words, you want to boost your online presence before you can take on contractors to do your job! 

In Conclusion..

The bottom line is that without someone to dedicate time to your side hustle, it can’t grow. Hiring a contractor and managing your work relationship can let you plan ahead without needing to give up your day-to-day job. Admittedly, it’s not going to be easy to find someone you can trust. But don’t give up! A reliable and trustworthy freelancer is your best ally to transform your side hustle into a small business.

7 Ways To Increase Your Business Profits This Year

Every business wants to be profitable as quickly as possible.  When you first start your business, it can take a lot longer than you expect to begin turning a profit.  This will test your mental toughness and your endurance.

Along the way, you should be researching all the possible ways that you can help to increase your profits each year.  If you just sit back and hope the money will come rolling in, you may be sitting back for a long, long time. And, by the time you do something about it, it may be too late.

Take the time to read other people’s success stories and what they did to increase their business profits.  There are also many financial blogs from people all over the world that can offer useful advice to bring in the money.

Below are some quick and easy ways to work on increasing your profit to make your company the dream company you have always imagined.

#1 Identify the Importance of Every Task

Time is money.  Things that you feel do not add value to your company should be eliminated.  

If it is just something extra that the customer could do without, you shouldn’t have that on your list of things that need to get done.  

You need to really center your focus on what brings in the money. Eliminate the needless tasks and put more manpower on the big, important tasks.

#2 Increase Your Prices

money

This can be easier said than done, but if you are not profiting as you may have anticipated, you will want to look at your pricing measures.  There is a good chance that when you started your business, you priced items on the low end to draw in business. On regular occasions, you should be really looking into your pricing points.  You may have to be a little strategic with deciding how you want to go about increasing your prices, but it is an avenue you want to explore. Could you rethink your marketing campaign and develop a crafty way of selling products at a higher price?  But, definitely one of the first avenues that you should take when trying to increase your profits is to increase your prices.

#3 Reviewing Your Staff Needs

It is a no brainer that you want to have the best staff available to you as possible.  But, one thing that you need to make sure is happening is that the entire time that they are working, they are being utilized properly.  If there are down times throughout the day, you should be cutting staff hours. You will want to especially look at your administrative team.  Could you have interns working for you instead of hiring someone? When you first start out, you want to try to have your revenues increase more than your staff.  

Hiring quality staff that can handle multiple tasks will also help you turn a profit.  You want to have people that you can count on that won’t make mistakes and cost the company money.  Really take time to do the research to get the best employees that you can. There are many job search engines out there as well identity verification products available to ensure that you are hiring who you think you are hiring!

#4 Reward Hard Working Staff

Take care of the employees who are helping to drive up your profits each month.  It is your money on the line, so don’t be shy about taking care of those who are getting the job done.  

This can serve as an incentive for those staff members who aren’t carrying their weight as much.

Those staff members who are working hard will continue to work even harder to reap the benefits of your rewards.  If new leads appear, don’t think about evenly dividing them up. Give them to who is making you a profit.

This should be something that you explicitly discuss with all employees that you hire.  If they want to earn the best income possible, they will do whatever it takes to get the added rewards.  

You will be amazed at how quickly the sales increase when your employees know they are vying for something that will benefit their pockets.

#5 Make Online Sales Easily Accessible

a woman with a credit card

If you are a company that can sell products online, you need to make that website as user friendly as you can.  

People who have a hard time navigating around your website or can get easily confused will just shut it down. The friendlier the website it, the more traffic you will draw to it.

Big ticket items that you are trying to promote should be prominently located on your website.  Make it an easy sell to your customers. It should be something that attracts their attention and maybe sways them into buying something they weren’t originally planning on buying.  

#6 Treat Customers with Respect

Customer service is key to keeping a business above water.  If the customer is happy, they will return and tell others about it.  You need to make them feel important and help them understand any questions that they may have.  Offer up customer surveys with incentives for completing the survey. Really take a hard look at their feedback and see where you can improve.  Your business goes nowhere without your loyal customers.

#7 Set Attainable Goals, But Push Higher

Obviously, if we set goals, we want to achieve them.  You want to set goals with your staff each month that they can strive towards accomplishing.  These goals should be rigid, but attainable.

Make sure that whatever goals you set will lead to you to making a profit at the end of the month.  You can use incentive programs once again to motivate your staff, but chances are, if the goals are attainable and they can profit from them, they will achieve them all.

There are so many strategies that you can implement to help your company turn a profit.  Just be sure you don’t overdo it with having too many plans in place.

Look at the suggestions of other companies and determine which ones would work best for your company.  Read other experts ideas on increasing your profits.  

Ultimately, your passion and motivation will trickle down to your whole staff.  And if motivation is high, profits will be high as well.