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5 Major Considerations When Using A Turret-Based Voice Recording Solution

5 Major Considerations When Using A Turret-Based Voice Recording Solution

Voice recording and voice trading systems have been an integral part of the financial and air traffic industries for many years. Even though 10-year-old turrets may look like outdated equipment to some 21st-century traders, they can still offer excellent performance and serve important purposes. 

5 Major Considerations When Using A Turret-Based Voice Recording Solution

But does your old voice recording solution cost too much? In order to minimize costs while getting the best ROI, you may want to consider the following points.

1. Repairs And Replacement

Each piece of voice recording equipment has a certain lifespan. Just like a used vehicle, it may start costing you more and more money over time. Meanwhile, some manufacturers may declare the equipment outdated, forcing you to get an expensive upgrade. 

According to the experts from Market Communications, you can cut costs on replacement or upgrades by finding third party end-of-life (EOL) services. Experienced EOL engineers can support your old system so you can save on the upgrade/replacement. 

2. Learning Curve

If you are spending too much time trying to teach new employees how to work with an old system, you are losing profit. If the learning curve is too high, your employees won’t be able to get as much work done as necessary.

In the modern world of staff being under pressure to get more work done, an additional learning curve can be problematic. Meanwhile, if the new employees you hire are used to working with newer systems, you may need to spend time and money re-educating them. This is often more frustrating than teaching something from scratch.

3. Problematic Communication

If your voice recording or trading system is becoming obsolete, you may be missing new opportunities and falling behind the competition. With the lack of due support, you may have to spend too much time keeping the equipment up to date and staying on par with the competitors.

In case you feel that maintaining the machinery is taking up more time than using it, your system may be costing you too much.  

4. New Technologies

Today, the trading turrets we are used to seeing on traders’ desks are gradually yielding to software-based trading systems often based in the cloud. The number of turrets is slowly decreasing.

With time, obsolete turrets will become a burden for companies while costing too much money. This hasn’t happened yet so it may make sense to keep using them as a cheaper alternative. However, it’s important to realize that they will need to be replaced at some point. 

5. Peace Of Mind

Working with old equipment may be cheaper and more convenient today. However, if the competition is making its way toward new technologies, it’s hard to maintain peace of mind. If your voice recording or trading solution is making you worry about the future too often, it’s costing you too much.

Turrets, as we know them, are likely to give way to high-tech solutions in the future. However, they are still here and can still be put to good use. Still, you must ask, are they … READ MORE ...

Want to know what Making Tax Digital is all about? An introduction to Making Tax Digital

Want to know what Making Tax Digital is all about? An introduction to Making Tax Digital

The HMRC has announced that from the 1st April 2018, all UK businesses will be required to submit all of their financial records in a digital format to the HMRC. It’s important to note that a recognised and approved accounting software will need to be used to submit the information.

The hopes and dreams of the Government are that the new “Making Tax Digital Initiative” will not only make it easier and quicker for individuals and businesses to submit accurate financial data, but it will also provide a more efficient streamlined process that should save businesses time.

Want to know what Making Tax Digital is all about? An introduction to Making Tax Digital

Do you know how the changes to Making Tax Digital will affect you?

If you are a business in the UK or overseas with an annual turnover that is over the VAT threshold, you will be required you will need to by law to submit all of your finances in a digital format to the HMRC. No businesses are exempt from the new regulations.

For a UK registered business the current VAT registration threshold for VAT is £85,000 and the new MTD For VAT rules have been devised to make it easier for taxpayers to get their tax right. All relevant VAT return data should also be linked so that it is easier for transactions to be traced from their original source.

The Government believe that by having a more efficient streamlined process will help in providing real-time filing for all individual transactions submitted to the HMRC and improve and optimise VAT completion.

Are you ready?

If you aren’t ready then now is the time to invest in appropriate Making Tax Digital Software, its essential that you do so if your company turns over more than £85,000 and is based in the UK, now is the perfect time to invest in  the new initiative which is coming into force on the 1st April.

At the same time, the Government has advised that all businesses should

take the time to ensure that all accounting records are up to date and MTD compliant.

VAT policies and practices should also be up to date and all individuals handling financial processes within your business should be aware of the Making Tax Digital Initiative. … READ MORE ...

Wasn’t Christmas Supposed To Be Fun?

Wasn’t Christmas Supposed To Be Fun?

When you think of Christmas, you think of big presents, dancing lights in the streets, enormous Christmas trees, mistletoes (and kisses, of course!), milk and cookies, Santa Claus, candy canes, exchange gifts, scrumptious dinners, outrageous year-end parties, and basically everything else that’s fun! Seriously, if I were to list them all, I’d run out of paper to write on!

Christmas is fun. It’s supposed to be fun. It’s practically why it’s dubbed as the “most wonderful time of the year.” However, in recent years, Christmas is viewed a little bit differently – a little less fun, to be exact. And it’s all because of Festive Waste.

Wasn’t Christmas Supposed To Be Fun?

What Do We Mean When We Say Festive Waste, Exactly?

Festive waste is the umbrella term for all the waste products created during Christmas season – or any big celebrations, for that matter. Every year, we celebrate a several big events that inflict considerable impact to our environment. We have Easter, Thanksgiving, Fourth of July or Independence, and then there’s the biggest threat of all – Christmas.

Compared to the aforementioned holidays, Christmas is a pretty big and lengthy celebration. It’s generally stretched over the entire month of December – with most of the festivities culminating on Christmas Day, December 25th. After Christmas, year-end celebrations also take place so that practically makes the month of December the month of bombardment of events.

Children look forward to this season. Besides the reality of cursed cold weather, there are many other things to look forward to like presents, for example. Exchanging presents during Christmas day is one of the most popular and lasting Christmas traditions of all time – and kids love it! But according to Serenata, in the UK alone, we accumulate 227,000 miles of gift wrapping paper waste annually. Imagine how many trees were cut to make all of that – or worse, how much laminated plastic material will it add to our already polluted lands?

You see, behind the façade of being a merry and happy season hides a pretty harsh truth. Worst of all, most of us have never even considered it! We are too busy celebrating, too preoccupied with Christmas preparations, that we’re already too tired to consider the consequences.

Christmas is supposed to be fun; it’s supposed to be wonderful. But if things continue as they are, we might not even have a Christmas in the future. Yes, it’s once a year. Yes, it’s just one day. But this one day produces waste equivalent to a hundred days! We’re already wasteful as things stand and Christmas is giving us the pass to be even more wasteful than we already are.

This brief article is not meant to dissuade you from celebrating Christmas this year. It’s meant to challenge you to look for better and more meaningful ways to celebrate.

Think. Think as long and as hard as you can. How can you celebrate Christmas without being counterproductive? How can you keep the fun and lessen the wastage … READ MORE ...

3 Reasons You Should Be Using Promotional Merchandise for Your Business

3 Reasons You Should Be Using Promotional Merchandise for Your Business

Branding is more important than ever these days thanks to the power of the Internet giving anyone and everyone the ability to increase the visibility of their business. This means that to stand out you have to present your business in a way that is both memorable, and likable. The good news is that by using promotional materials you can do both. Let’s take a look at three powerful reasons you should be using promotional materials for your business, online or off.

3 Reasons You Should Be Using Promotional Merchandise for Your Business

1. Turn Customers into Fans

In most cases promotional materials are given away for free. Depending on the circumstances, this can be a great way to make your customers love you and become hardcore fans of your business. This can be done in a variety of ways, from giving away t-shirts at special events, to packaging them with other items to be distributed when customers make a purchase. 

The big benefit here is that when a customer becomes a fan of your brand, they’ll purchase your products/services even when there are cheaper alternatives in many cases. They’ll also talk about your business with their friends, family, and coworkers, spreading the word without you having to do anything. This can significantly lower your CPA (cost per acquisition) and help boost your profit margins. 

2. Extremely Cheap Marketing 

Done correctly, using promotional materials can be the cheapest form of marketing available to you. For example, giving away office supplies with your brand’s logo and message on them can spread the word about your business without you having to do any additional work, or spend any additional capital. This method becomes even more powerful when you begin selling branded merchandise such as t-shirts, hats, and other items. At this point your fans are essentially paying you to do your marketing/branding for you. Just remember that it does take time and effort to get your business and brand to a level in which people are this passionate about it. 

3. Build Your Business on Reputation Alone 

If you don’t have the best product or service around, it isn’t a problem as long as you have very strong branding and marketing to make up for it. Think about McDonald’s, their food is fairly mediocre as far as fast food goes, but they’re an unstoppable force thanks to their aggressive branding and marketing campaigns. Using promotional merchandise online is a great way to beginning building up that loyalty and trust among your customer base. It also helps to spread the word to others you may never have reached as well. Done right, you can build your entire business on strong branding and marketing tactics.

Powerful Branding without the Price-tag

If you’re not using promotional merchandise to promote your business, you should be. The best thing is that these materials can be bought in bulk and can be customized to feature your company’s logo and message. As far as investments go, you can’t really top this one if you need a boost for your … READ MORE ...

How To Open A Successful Company 1

How To Open A Successful Company

Buy insurance:-

Make sure you have the right insurance for your company. This might differ according to the nature of company. If you work from home, make sure that your insurance includes the thefts or damages to the assets of the company as well as the responsibility for the damages related to it.

Fix the accounting books:-

Have all the money that goes in and goes out of the business.

How To Open A Successful Company

Choose the appropriate location:-

Decide a locality that suits the requirements of your 新加坡公司注册, one that offers a chance for expansion, the right level of capability and proximity for suppliers. It must also be accessible to customers.

Do not worry about an office:-

If you are not making a profit, do not be mortified to acquire a space to work, you can do it from home.

The patent can wait:-

Patents can cost a lot of money. Pay this amount when you are sure you have enough customers to settle the bills.

Be flexible:-

The chances are that your innovative thought has to be customized. Being capable to acclimatize and alter somewhat to suggest the customer somewhat you desire will decide whether you will thrive or not.

Share your ideas with friends and family:-

The closest people are the ones who will be most honest with you about your idea. Do not vacillate to look for their counsel and suggestions.

Ignore the negatives:-

There is a big difference between constructive criticism and someone saying quickly that your business will fail. The finest you can do is ignoring these communities.

Do not get mad:-

If your idea is rejected by clients or investors do not succumb to anger. Find out what they did not like, make adjustments and come back with them once you’ve changed what they wanted.

Deliver the product or fast service:-

Your A1 Business is a work in progress and if you launch a product or service quickly, you will be able to build a community of clients that can provide you with valuable feedback that will help you improve your offer.

Offers new products or services:-

If you already have clients make sure you take care of them by giving those new products or services.

Be patient:-

At all times carry in brain that victory will not occur immediately after A1 business registration in Singapore. It’s going to take a little time prior to you triumph somewhat.

Give more than what they ask at the beginning:-

Once you have a new client make sure you go further at least the first month. You will have that customer hooked.

Post to your blog all the time:-

Do not be ashamed to share your triumphs and struggles. Clients will enjoy your honesty.

Avoid fights with partners:-

 If you have disagreements, fix the problems as soon as possible. Fights can distract them from doing things right in the business.

Do not worry about losing a percentage of the company:-

 An investor has acquired an action from your company. … READ MORE ...

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