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Annihilate Business Costs With Teleconferencing

A teleconference is a meeting (conference) held over a distance (tele), hence the name. It is a tool for businesses to communicate over long distances. Using the telecommunications technology, two or more parties meet from two or more locations.

The technologies that come under for teleconferencing include video conferencing, audio conferencing, and data conferencing.

With the amount of money that businesses are spending on these technologies increasing, it is obvious that the importance of teleconferencing in the corporate business world cannot be ignored.

Teleconferencing technology allow businesses to have meetings over long distances, conduct business briefings, employee training sessions, conduct interviews, organize workshops and seminars, just about everything between employees who cannot easily come together.

It is most commonly used in the business environment for distance staff meetings, distances learning and training, and job interviewing. So, teleconferencing definitely makes a business more efficient and helps the business to save money.

How you may well ask. Let us consider the following points.

NO MORE FOOTLOOSE: With teleconferencing, a business can save a considerable amount on travel expenses. Communication will be by using the telecommunication methods, which is more efficient and convenient.

An organization’s employees don’t have to move and travel from one place to another incurring expenses. Staff meetings, learning, training can all be conducted over teleconferencing, reducing employee movement to the minimum.

APPOINTMENT TIME: Businesses can utilize teleconferencing for recruiting and interviewing potential employees. One of the benefits of teleconferencing in the recruitment process is that the business has the ability to interview more candidates for the same expense. This reduces the cost of flying the candidates over for the interview.

In addition, interviewers from more than one geographical location within the same business can participate in the interview process, in a team effort, without the hassle and expense of travel to a central site. Result is tremendous cost saving.

FACE-ON- FACE-OFF: With teleconferencing providing the facility of conference calls, business employees do not have to personally meet each other face to face. Conference calls make information exchange between offices, employees or from one business location to another very simple, with just the click of a button.

No cumbersome meetings to organize or lengthy mails to compile. In fact, teleconferencing has reduces the personal meetings between employees to the bare minimum unless really necessary. This has also reduced the disruption of work and time in attending meetings or reading and replying to mails. And definitely, the cost of teleconferencing is much less that a formal meeting!

THE NEED IS SPEED: Web-conferencing techniques are also available with teleconferencing. This allows the easy conducing of meetings and making business plans. With the help of applications like Excess, PowerPoint, businesses can benefit by transmitting images from one place to another in a matter of minutes.

Also, web conferencing includes instant messaging servicing that can allow businesses to use instant messages to communicate or set up specially designed chat rooms to conduct discussions, meetings and planning of projects.

GROUPIES NO LONGER: One of the major advantages of teleconferencing is its potential to reduce the cost of group meetings. The most obvious benefit of teleconferencing is that of staff meetings of dispersed personnel within the organization.

This usually takes the form of management meetings, where personnel meet from different hierarchical levels of the business, to review management objectives, performance, goals, or other management issues. With teleconferencing, this process gets simplified with less movement of staff and no need to arrange the formal set up.

Teleconferencing can also be used as a means of sharing information, such as product design, within the same hierarchical level of the business. This can help your business save money by saving time required to convey data and information to different groups within the organization.

THE CUTTING EDGE: More and more businesses are using teleconferencing to secure a competitive advantage. This competitive advantage results from both tangible and intangible benefits. Definitely when teleconferencing is used in place of traditional business travel, there will be a tangible benefit of cost savings to the business organization.

However, there are also reasons for teleconferencing that may not yield calculable benefits, yet contribute to the competitive advantage of the business. For example, it may be possible to allow more frequent staff meetings within the business because expensive travel is not necessary.

The bottom line is that with teleconferencing, businesses can communicate with relatively less expense. Teleconferencing saves precious time and money, which are essential to the profitability of a business. There definitely will be initial expenses involved with setting up the necessary equipment and technology, but it provides tremendous saving in the long run.

So, don’t hesitate and invest in the teleconferencing technology at the earliest and set your business on top the road to profit!!

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What Business Are You In? What Business Should You Be In?

Some strategies for making the best use of your time and the most money for your efforts.

I’ve been a health insurance agent since 1985. I love my job, and I self-identify as a health insurance agent. However, about two years ago I discovered that I was doing particularly well at one aspect of my business and decided to focus on that aspect. I discovered that my websites were generating an excess number of insurance leads. I did not have the resources to process them.

You may be a restaurant chef who makes a particular dish that your patrons love. You may be able to mass produce that dish and sell it through other channels. You may be able to make money teaching others how to make that dish. Many people find that they can make more money teaching others how to do what they do well instead of doing it themselves.

You may be a tailor who has invented a device that you’ve been using to make your job easier. Maybe you should sell that device.

I’ve tripled my income since I decided to offer my services to other agents who are better at other aspects of my business but will benefit by getting exclusive insurance leads. It is a win-win situation for me and the health, auto and homeowners insurance agents I work with. There may be a corollary in your business.

What business are you in? Are you in the right business?

You may not want to give up your main business. You may have non-money based reasons to stay in your profession. I’ve decided to continue helping people find medical coverage because I enjoy the business, enjoy working with my son every day and want to make sure that my income comes from more than one source. However, since I discovered that I can generate exclusive leads for insurance agents and earn a good income from it, I spend less time as an insurance agent and less time working overall. This allows me to invest more time with my family and in the gym.

Tips for Maximizing Your Income:

  1. Determine what to delegate or “farm out.” Look at your business as if it were several businesses. Sometimes you will want to delegate more responsibilities to your employees or to other professionals. Although you may be smart enough to figure out the tax code, you will make a lot more money focusing on your business and paying a good CPA to handle your tax return. Give some thoughts to other aspects of your business. Cleaning the office, handling your bulk mail, bookkeeping, etc. Don’t wait until you simply don’t have enough time to do these things. If you could earn more money by having someone else perform a task and spending that time doing something else have someone else perform that task. If you will enjoy your life more by spending less time doing things that you can delegate. Please delegate. We need more happy people in this world.
  2. Determine whether or not you will make more money servicing your “competitors” by helping them with aspects of your business that you do well. If you have figured out how do something better than your competitors, maybe you should find a way to share that information and make a profit from it. Today CPAs and attorneys are using software to work more efficiently. Who do you think writes that software? It may be a CPA or attorney who once programmed for a hobby or someone in the profession who decided to partner with a programmer. I’d be willing to bet that the software for attorneys isn’t written by former butchers, bakers and candlestick makers.
  3. Spend some time thinking in a non-specific way about your business and your industry. Ask yourself questions like the following: What particular aspects of your business do you do well? What services do you wish existed but don’t? What services from another industry or another geographic area do you think would work well in your business?

This article can be copied and reprinted but only in its entirety. The article was originally published on http://www.BadSalesLeads.com/articles/what-busines-should-you-be-in-article.htm. The article starts with the heading “What Business Are You in? What Business Should You be in?” and ends with this sentence.