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6 Ways Businesses Can Use Technology to Reduce Operating Costs

Technology has brought plenty of improvements to your lives. From storing information to accomplishing things in less time, technology has proven beneficial.

This also explains why business owners maximize technological advancements.

It allows you to eliminate or automate low-impact tasks so you can focus on what matters. It also enables you to save on operating costs.

Are you wondering how technology can make it happen to your business? Keep on reading.

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8 Valuable Financial Tips First-Time Entrepreneurs Need to Take Note Of

Running a business is never easy.

For one, you need to innovate. Otherwise, your competitors can get ahead of you. Second, you need to keep your employees’ well-being in mind. That’s because they are the backbone of your company. Lastly, you need to manage your business finances well if you want your venture to thrive.

Mind you, 6 out of 10 businesses fail within the first ten years, and one of the reasons is poor financial management. If you do not want to be part of that statistics, you need to keep the following financial tips in mind:

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How Financial Knowledge Can Lead to a Great Career

Financial literacy can make a world of difference when it comes to a job search. If you possess comprehensive financial knowledge, you can gain ground on other candidates in a competitive global job market. Plus, you can position yourself to land a terrific job in myriad sectors, including:

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Should I Run Advertisements on My Blog?

At least 70% of people in the world work 8-hours day jobs. The majority of these people are still struggling with finances, barely able to break even each month.

That’s why some people develop a side hustle. It not only adds financial independence and flexibility to your life but also allows you to explore your ideas and test your limits.

A recent study by Zapier showed that 34% of Americans have a side hustle and around 61.1 million Americans plan to start one in 2021. The numbers are staggering, especially when people also have busy lives and families to tend to. The survey also reported that more than 62% of the people do it for the money rather than mere interest

Starting a side hustling can be different for everyone. To one person a side hustle may mean to rent out something they own while for others (usually the younger generation), a side hustle could mean blogging or freelancing online.

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Forging a Career That is Both Financially and Emotionally Fulfilling

Image Source: Pixabay 

According to recently released statistics on job satisfaction, “65% of employees in the US are satisfied with their job, while 20% of employees in the US are passionate about their job.” In addition, some of the main contributing factors to being satisfied with their current role include:

  • A positive company culture
  • High salary
  • Opportunities for growth 
  • Low stress 
  • Autonomy 

On the other hand, most employees aren’t passionate about their roles because they aren’t emotionally connected to their work. To grow both of these statistics, we must encourage others to forge a financially and emotionally fulfilling career and do so ourselves. 

Here is some guidance on how to enjoy what you do for work while still living comfortably.