4 Money Saving Tips for Businesses

Now more than ever, with the condition of the Global Economy, many businesses need to cut costs. However it is worth remembering “There are so many men who can figure costs, and so few who can measure values” – author unknown.This article is intended to highlight a few of the areas that business owners can review in order to minimise costs. Although this article is directed at UK based small businesses,the principles may be appropriate for business from all over the world.
Review finance costs
It is important to keep a watchful eye on the costs of financing your business. Although lending from banks has become more difficult over recent years, it is worth noting that many banks are still open to negotiation over their charges. It is often worthwhile speeking to a number of banks for comparative purposes. Consider all sources of funding, each have their advantages and disadvantages. Such as mortgages, bank loans, overdrafts, asset finance, factoring, issuing new shares and directors loans. This is a complex area and usually well worth seeking competent professional advice.
Make full use of technology
It can often be a false economy to scrimp on technology costs in order to save money. There is technology available to improve efficiency and make your business more competitive. The types of technology vary greatly from administrative and financial software to fully automated manufacturing processes. It is recommended to not discount investing in technology for your business without doing a cost V benefit study first. If your competitors adopt new technologies before you, you could find your business falling rapidly behind.
Engage experts where necessary
Often the fees that consultants and experts charge are seen as an unnecessary cost. This is not always true. It is better to pay a consultant a few hundred pounds than to spend hours and hours researching into a business area you know little about yourself. Experts that could save you money are those that could make your business run more efficiently, cut costs, raise sales, reduce your liabilities or those that can minimise risk. Think carefully and seek recommendations before engaging an expert.
Review overhead costs
It is good practise to thoroughly review your business costs on a cyclical basis. Just because your energy supplier was the cheapest 3 years ago, it does not necessarily mean that they are the cheapest now! Shop around, obtain written quotes and always negotiate hard. However remember – “Half the money I spend on advertising is wasted, and the trouble is I don’t know which half ” – Viscount Leverhulme 1851-1925: in D.Ogilvy Confessions Of An Advertising Man. The other factor to consider that the cheapest is not always the lowest cost in the long term. A poorer quality service or product could end up costing your business more.
The author does not guarantee the accuracy of any information provided in this article and recommends that you do not take any action, whatsoever, based on the information provided. By the fullest extent permitted by law, the author does not accept any responsibility for any actions you may or may not take based on information contained in this article. This article contains general information and is not a substitute for specific independent professional advice.

Resume Tips for the IT Professional

According to U.S. News & World Report’s article on “The 50 Best Careers of 2011,” many technology positions made it into the top 50 list of careers providing overall satisfaction. They include computer software engineers, computer support specialists, computer systems analysts, and network architects.So how are you making yourself stand out from the crowd of other resumes that employers are reviewing?Finding a job in today’s market is particularly difficult. However, there are resume tips to help IT professionals get noticed.Add “Technical Expertise and Certifications” at the top of your resume.Regardless of whether you have one year or 10 years of experience in the field, it is especially critical to effectively demonstrate technical knowledge and skills. What matters to most employers hiring an IT professional is not the years of experience you have to offer, but how current you are with today’s latest technology, applications, and if you have the technical certifications to do the job. Highlighting your “Technical Expertise and Certifications” up front on your resume will immediately inform the employer that you have what it takes to do the job.
Include a section on “Technical Skills.”This is a section that allows you to outline all the specific technical language those in the field will be familiar with to demonstrate your familiarity with subject matter expertise and the type of technology-related working environments you have been exposed to. It’s an effective and quick way to help employers see that you are relevant for the job. It also supports keyword searches for specific tools and technologies.
Demonstrate achievements, accomplishments and results in “Professional Experience.”This is where most IT Professionals go wrong in that they merely list their roles responsibilities and tasks. The problem is that hundreds of people in similar job functions can say the same thing so this does not differentiate you.
If you are on the infrastructure side, detail the environment in terms of users, servers and locations. Then describe your performance. How do you rank against your peers in terms of productivity? Are you the ‘go-to’ person for any particular issues? Are you known for resolving issues on the first attempt?
If you are on the applications or project management side, do not detail every project you did as they will not have the same kinds of projects. Instead, indicate the total number of initiatives you were involved in and only highlight the ones that you are most proud of. Also highlight whether you managed the full lifecycle, what tools, best practices and methodologies you used, and how good you are at working with disparate stakeholders to gather their requirements, drive consensus and ensure that what you are delivering is what they want.
If you are new to the field, then you need to highlight the courses you took and projects you completed as part of your education. Include the number of hours of training and the technologies that you grasped.
Apply relevant keywords to all parts of your resume.A majority of employers use scanning technology to help pull out the most relevant resumes to review, so the more keyword relevance you can offer in your resume, the greater the chance of your resume getting noticed. Carefully review the job posting on specific technical skills desired or required. Also look at other job descriptions for the same position on job boards to get a better sense of which technical skills are particularly desired. Apply those keywords in context at different sections of your resume. You want the regular HR person to understand what you have to offer as well.The market for IT professionals is much stronger than others today and is very competitive. Use these tips to make sure your IT resume stands out.