Monthly Archives: September 2015

Five Power Saving Tips to Decrease Business Costs

For entrepreneurs who are running a factory, cost control is one of the most important issues as the market competition is more and more fierce. Every month, the entrepreneurs need to spend a large sum on various kinds of expenses such as worker salaries, energy cost, supplies expenses, rental fee and so forth. All these costs will impact the whole company’s budget and finally increase the price of your product, reducing the market competitiveness of your company.

Comparing with reducing the worker salary, supplies expenses or rental fee, it is simpler to reduce the power cost of your plant as it is in your own control. In this article, we will share 5 essential skills what help you cut down the power cost.

1. Choose energy-saving equipments

This tip should be taken into consideration when you purchase the equipments for your factory. We’d better choose the office appliances and factory equipments which are of low energy consumption. The energy efficient equipments are often more expensive than those common ones, but after years of application, they can help you save a lot in energy cost.

2. Build a Digital Workplace

Usually there are many files such as user manuals, notes, catalogs printed, it not only requires a lot of papers but also consumes a lot in electricity, ink and etc. If we can replace the traditional working method with a digital yet paperless one, we will save a lot and make a great contribution to protect the environment.

3. Cut down costs of lighting

Usually the costs of lights are a large amount in large factories. Restricted by some objective conditions, we cannot change the structure of factory buildings and the whole lighting system, so what we can do is saving electricity such as shut off computers and displayers, turn off the lights and more when we leave the office or factory.

4. Control the energy consumption of heating and cooling

As we all known that it is harmful to stay for a long time in air-conditioned room, so why not decrease the working time of air conditioner and open window to enjoy the natural temperature of globe when the air temperature is not so high or so low? Turning off air-conditioner 30 minutes before going off duty, shutting off water-heating devices before leave the office and etc. are great ways of saving power.

5. Let motors and manufacturing equipments work more energy-efficiently

For factories, the producing equipments and motors has occupied the leading position in energy consumption. It is estimated that using variable frequency drives can save about 60% of electricity in manufacturing industry as it can allow motors to run at adjustable frequency according to the practical manufacturing process. Besides, it improves the control accuracy of the whole equipment system, so there are less unqualified products and less material waste.

Why Is A Business Agreement Template Helpful For Creative Individuals?

If you are a creative individual who wants to convert your “creative juices” into an earning mechanism then you should educate yourself by understanding the ins and outs of having a business contract. These days, having verbal agreements when engaging into business clients is no longer working as it most often results to disagreements and torn relationships. Why do you need a contract in the first place? A written contract can protect you in a variety of ways. For starters, a written contract can help define the scope of work which includes your deliverables as well as the project timeline.

Second, a contract outlines every detail related to money. Payment disputes are a common issue that creatives often face. Apart from detailing how much you should get for your services, the contract should answer a few key questions, including: whether you are going to receive upfront payment; when you will receive payments; what happens when the project falls through, and whether there will be late charges and reimbursements for expenses.

A written contract will also determine who gets the ownership of the deliverables. For some types of work, the ownership is clear cut. However, for some works like logos or written articles, the client and the service provider should come into an agreement as to who eventually owns the work. As the service provider, you can choose between two options: assign or give ownership to the client, or grant a license to the client while you retain ownership of the final product.

Contracts can also serve as a clear guide for both parties when it comes to effecting changes to a project. Sometimes, clients will request changes to the initially agreed upon concept and it is crucial for contractors to spell out the terms of what counts as additional work and additional charges for the client. Drafting a contract can be confusing – intimidating, even – for a lot of people. If you do not have the time or money to go to an attorney for contract drafting tips, your next best option is to use a business contract template. Using a business agreement template, you can simply add the relevant details related to your project. The important thing is that you have an invaluable tool that clearly provides the essentials of your agreement with a client.

No matter how good you think your rapport with your clients may be, using a contract will help eliminate any possible misunderstanding or confusion that may occur.

How Limiting Beliefs Stop Your Business From Growing

My client was telling me about an experience he had with a client of his. My client was second guessing himself. Did he do the right thing even if it made both him and his client uncomfortable?

The short answer to his question was, yes. He showed up and did exactly what he was hired to do.

The real issue, however, lay in the question I asked him. Why was he second guessing himself?

What we uncovered during our conversation is something that comes up with all of my clients in one way or another. Actually I see it in every person I’ve ever spoken with – friends, colleagues, mentors, clients and family.

Let me take you back in time for a moment to give you an example.

When I went to college in the 1980s I started as a computer science major (it didn’t last long, I shifted to business after 2 semesters). We were taught to include “comments” as part of the code. The comments were not commands for the computer to implement, they were meant to help us see our thinking and reasoning behind the code. To give context and make it easier to follow our thought patterns and see mistakes. Because the comments did not impact the way the program ran, it was easy to forget to revise the comments if you updated or changed the code.

Okay, now back to present times.

As we go through our lives we learn, we experience, we grow. We try new things, some of them work, some don’t. We make mistakes, we have successes. We learn what works and what doesn’t. In fact, there are things that initially don’t work and, as we continue to work them, we either find a way around the problem or actually succeed at what didn’t work in the beginning. We are constantly tweaking the way we work.

We are constantly working on our own programming. We are constantly updating the code.

My question to you is, as you update your own programming, are you updating the comments?

Some outdated comments may include:

  • Don’t brag, it’s not polite.
  • Don’t interrupt someone when they are talking, it’s rude.
  • Don’t try to stand out or show that you’re better than someone else.
  • Be quiet, you’re not that important.
  • Nobody has ever said that before, you must be wrong.
  • Nobody wants your opinion.
  • What makes you think you’re so smart, or that you’re right?
  • It’s not nice to call someone out or put them on the spot.

Now, I’m not saying you should always brag or interrupt or stick your opinion in where it isn’t wanted; however, it is time to stop listening to these comments blindly.

When thoughts that stop you from moving forward come to mind, ask yourself, “Is the comment I am listening to accurate, or part of an old program that needs to be replaced with something new?”

Do you have old comments running through your mind? Are they stopping you? How can you update the comments to reflect your current programming?