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Let Your Business Take Flight With a Virtual Office

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When thinking about countries that are a good place to start a business, Singapore would be one of them, but of course, these are all based on the accommodating laws and the regulatory status of the business community here, but what you have is a situation where it is relatively expensive to start your own business here in the lion city. This is why more and more enterprising people are turning towards the virtual office Singapore for their start up solutions, and this is because the sheer amount of money that they are going to save would help them to pump more in their marketing and advertising dollar, giving their business that much more exposure to be able to gain the leverage and boost their growth.

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So it is really quite a common sense decision when you think about it, especially when we are in this period of economic downturn and people are constantly looking to cheaper alternatives and better ways for them to manage their risk, and in this case, risk is tantamount to the amount of money that is going to be spent. Your business can really take flight when you get yourself on board with a virtual office and this is really what you should be thinking about in this case, especially when every dollar in your business is crucial, and your money management will be that much more effective when you place your cash in cost effective solutions.

The other thing that you should consider about the virtual office Singapore is that when you are trying to base your operations in a premium location, in the central business district, one thing you would realise that the closer you get to the base of operations for the financial centre of Singapore, the more money you are going to spend on yourself and the office.

The benefit of the whole virtual office is that you can leverage on some really excellent business locations for a price that seems almost ridiculous. You can print some really top level addresses on your name card, and all from the services of a virtual office. All you need to do really is to get yourself on a company that is situated in this area, or has branches or rights to own some of the addresses in the business district.

You might be paying a little more than usual, but of course this is a good investment when you are out to impress and you have a target market and clientele that likes to be impressed in the first place. So these are some of the ways that you can make your business idea take flight with a virtual office Singapore and there are really no two ways about this, it is a simple decision for you to make in fact. Going virtual is a really good way for you to make sure that you gain the business success that you need and gain the kind of growth in later stages as well.

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How Many Gauges Do You Watch in the Cockpit of Your Business?

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As a business grows, the more moving parts it has. And the more difficult it is to keep an eye on everything that is happening. Then the balls start to drop. Does your business have as many moving parts as a Jumbo Jet? How do 747 pilots manage?

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When a business starts-up, because of the risk of failure, the owner has to watch everything. Fortunately, when you start-up, there is not a lot to watch! But it is hard to get out of the habit, which is why so many business owners continue to micromanage the business as it gets larger. Now if you could keep your eye on every ball in the air that might be ok. But at some point it becomes impossible to maintain, with owners focussing on where they feel most comfortable, rather than on what is most important.

Studies have shown that there are limits to how many different things a human being can monitor and react to. This of course, varies from person to person, but everyone has their limit. For example, only the most skilled jugglers can keep more than six balls in the air. The world record is 12. So when we try to keep our eye on everything, we will start dropping balls.

So how does a Jumbo Jet pilot keep an eye on everything? Funnily enough, they have six gauges in the cockpit, representing the key areas of the plane's performance. Or in business speak, the plane's Key Performance Indicators. These are the most vital to keeping the plane in the air. So if the seat 57D does not fully recline, or the airline logo paint is starting to flake on the body of the plane, they do not know about it. They have the flight attendants and the maintenance engineers to worry about such problems. However, these personnel are highly trained to notify the pilots if there is something they should worry about. The pilot trusts these personnel to do their job and follow their procedures, and only let him or her know about things that affect the plane's safety. So the pilots can concentrate on flying the plane.

But what if there is an engine problem. The plane's flight management system is set up so that any problem with a key part in the flight system will be evident on the high level gauges. So if there is a drop in airspeed, the pilot will query the system to determine which of the many causes may be responsible. They are able to drill down from the high level gauge which has moved from the safe area to investigate which of the plane's subsystems may be a fault. In almost all cases, the pilot is able to identify and either correct the problem or take action that will enable the plane to land safety. If they worried about every little non-critical problem on the plane, the chances are they might only notice the big ones when it is too late to do anything about them.

In business, the owner might identify that their cash reserves are declining. (Cash at Hand is one of the biggest Key Performance Indicators for any business.) Having seen this, the owner might ask the accountant to look at their detailed reports to identify the cause. Is it due to slow sales, overdue payments by debtors, cost blow-outs or overinvestment in inventory.

Having identified cost blowouts as the cause, the accountant might ask the operations manager why costs have gone up. She might advise that a maintenance problem has caused the over-run. When the operations manager speaks to the maintenance superintendent, she may discover the problem was caused by poor quality feedstock. In other words, a cash problem was caused by supplier quality control problem. Further analysis is of course, possible. The owner has therefore uncovered a critical supplier problem by interrogating staff after a key performance indicator has moved from the safe zone.

By having a small number of Key Performance Indicators which define the health of a business, and which are linked to other more detailed reports, the owner can fly their business using just few gauges. So, if there is a deeper problem in the business it will become visible. Because an owner with an excellent Business Management System is confident that they will identify problems in a timely fashion, they can focus on flying their business towards their ultimate objective which is their real job.

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Business Meeting Thank You Note Samples

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Virtual Flight - Business Meeting Thank You Note Samples

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After just about any meeting, successful or note, it never hurts to follow up with a thank you note. It shows you respect your client's time and even if your product wasn't a good fit this time, your client knows you're a courteous, professional colleague he'd like to do business with again.

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Email or snail mail? You know best; think about the client's company culture. Usually email is fine, especially if you're thanking for something informal like time.

Your tone is also something only you can gauge. When in doubt, more formal is better. You don't have to be cold or stuffy but do be respectful.

Here are a few examples you can customize to your own situation.

Example 1:

Dear Todd,

It was a pleasure meeting you yesterday. Your ideas on new approaches to sales in our region were insightful and a great help to me. Thank you for making time to meet with me and for sharing your thoughts.

Sincerely,

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Dear Dr. Price,

Thank you for seeing me yesterday. I appreciated the chance to discuss our new products with you. Your opinions are always helpful and interesting. I hope the latest product will fit your needs.

It's always a pleasure to see you!

Best Regards,

-----------------------------------------

Josh,

It was a pleasure to finally get a chance to meet you today. Your research project sounds very interesting and offers a compelling value proposition to to the mobile phone carriers. As discussed, my team has done extensive work in the type of data collection that your research requires.

Please let me know if I can provide you with more details about how we would work on the project.

Look forward to speaking with you soon.

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Dear Paul,

Thank you for your time today. Jack and I very much appreciated your input on our new business development strategy. I know that you have a number of demands on your schedule right now so the fact that you took as much time as you did to guide us is even more welcome.

We will be sure to circle back with you when the plan is finalized in order for you to provide your stamp of approval as well as any final comments.

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Business Meeting Thank You Note Samples (with Great Articles)
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Impact of Technology on Business

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Virtual Flight - Impact of Technology on Business

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Together with the advancement of science and technology, technological innovations grew along with it, resulting to the emergence of new equipment and gadgets. No matter how big or small your company is, technology brings both intangible and tangible benefits to become cost efficient and to meet the growing demands and needs of customers. Technological innovations affect corporate efficiency, culture and relationship among employees, clients, suppliers and customers. The type and quality of technology used affect the security of confidential business information.

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How is Impact of Technology on Business

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Due to the burden brought by administrative tasks, like inventory, bookkeeping and records keeping, both big and small companies rely on computers to do their administrative works. The birth of Internet and online social networking sites tremendously decreased the costs of business operations. It also makes it easier for companies to use the Six Sigma management methodologies. Some firms shifted to outsourcing instead of hiring their own personnel due to the low costs associated with it. Because of the huge impact of technological innovations to companies, it is impossible for them to live with it.

Commonly used high technology equipment:

Computers Photocopier Telephone Computer printer Internet Paper shredder Multimedia projector Touch screen monitors Computer mouse Laptop computers

Advantages of Technology to Business:

Customer Relations. Technology affects the way companies communicate and establish relations with their clients. In a fast moving and business environment, it is vital for them to interact with clients regularly and quickly to gain their trust and to obtain customer loyalty. With the use of Internet and online social networks, firms interact with consumers and answer all their queries about the product. Establishing effective communication with customers not only creates rapport with them, but it also creates strong public image. It allows business enterprises to reduce and to cut carbon dioxide emissions. Business Operations. With the use of technological innovations, business owners and entrepreneur understand their cash flow better, how to manage their storage costs well and enables you to save time and money. Corporate Culture. Technology lets employees communicate and interact with other employees in other countries. It establishes clique and prevents social tensions from arising. Security. Modern security equipment enables companies to protect their financial data, confidential business information and decisions. Research Opportunities. It provides a venue to conduct studies to keep themselves ahead of competitors. It allows companies to virtually travel into unknown markets. Corporate Reports. With technology, business enterprises communicate effectively with their branch offices to deliver quality financial and operational reports. Industrial Productivity. Through the use of business software programs or software packages, it automated traditional manufacturing process, reduces labor costs and enhances manufacturing productivity. It enables companies to increase efficiency and production output. Business mobility. Technological innovations improved companies' sales, services, shorted lead time on receiving and delivering goods and services. Enables them to penetrate multiple markets at least costs. Research capacity. It enables them to conduct studies on various companies to gain knowledge on the new trends in the market and way on avoiding them.

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Impact of Technology on Business (with Health & Product)
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