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Scooby Doo Where Are You Part 1

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The concept of the workplace has changed beyond recognition in this age of advanced telecommunication and cross border workforces. We look at long distance work, also called teleworking or telecommuting in a series of two articles. In the first of the two, we take a look at what it is and the value it brings.

The idea behind it

The term teleworking or telecommuting was invented by Jack Nilles to describe a work arrangement whereby employees don't have to be physically present at an official place of work at all times.

Telecommuting allows people to work from a location of their choice, usually their home. A telecommuting schedule may range from several days a week to once a month, depending on the employer's requirement.

Place no bar

Teleworking, in particular, eliminates the need to travel on official work, by using advanced telecommunication devices to bridge the physical distance. Since this is dependent on the availability of phone or video conferencing facilities, teleworkers might work from a telework center at certain times.

Interestingly, telecommuting can happen in non traditional work settings as well – as example is inviting a customer for a cup of coffee and discussing a bit of business on the side! Working at the clients' office is another. In fact, this is also called ‘distributed work'.

Win-win for both

Both teleworking and telecommuting offer several benefits both to the workers and the companies that employ them.

For employers, the most obvious advantage is reduced overheads especially in terms of cost of space. The use of telecommuting workers has also helped increase employee productivity, since there is no wastage of time on account of being stuck in traffic jams. It has also been seen that telecommuters are happier, given that they have more family time and feel less stressed out with their flexible work arrangements.

Interestingly, telecommuting has given rise to outsourcing of business processes in a big way – companies can either employ telecommuting staff from low cost locations, or offer their services to other companies in high cost regions. Global companies in particular can also operate round the clock by using telecommuters across various time zones to provide uninterrupted service. An example would be the customer care help desks of telecom companies.

Companies can also retain valued staff members even if they move to another location.

For the workers themselves, the option to work from “away” helps to improve quality of life, and opens up many more options of employment.

Opportunities of employment have opened up for persons with special needs – the disabled, the retired or women with small children to care for, can all choose to pursue a career by telecommuting or teleworking.

Last but not least, telecommuting saves the earth gallons and gallons of automotive fuel and keeps the air that much cleaner.

Scooby Doo Where Are You Part 1

You'll need the following skills:

Financial Skills You'll Need To Attain Business Profitability

Idea Generation Skills Required To Reach Business Profitability

Planning Skills Required To Reach Business Profitability

Management Skills You'll Need To Attain Business Profitability

Marketing Skills You'll Need To Attain Business Profitability

Customer Relations Skills Required To Reach Business Profitability

This article covers financial, idea generation and management skills. The second part of this two-series article will cover planning, marketing, and customer relations skills.

Financial Skills Needed To Build Business Profitability

You may be able to hire someone to do your bookkeeping and accounting, but you'll still need to know how to read financial reports. You can't just rely on financial professionals and pretend that your new business will get autopilot profits.

As a business owner, you have to understand financial statements and know what financial terms mean to your business. You also have to use business credit with caution.

You must know what's required to get small business loans, and how to build a cash flow business so you can make the payments on your loans.

You need to be smart enough to carry business insurance to protect your small business resources. And you should consider the effect that profit sharing plans will have on your employees' motivation to drive business profit.

Idea Generation Skills Needed To Build Business Profitability

Idea generation is part of your job as a business owner. That job starts with picking a business opportunity with the most potential for business profitability.

Plus it's your ideas that will that will determine the effectiveness of your planning, marketing and customer relationships.

Most people starting a small business have no shortage of ideas. It's the implementation of those ideas that's hard.

Planning Skills To Build Business Profitability

You have to incorporate your ideas into a thorough business plan, and let that plan guide your actions.

You have to plan for business growth. It doesn't happen if you don't plan for it. Do you need help with your planning? You can get it free from SCORE. Sponsored by the Small Business Administration, successful business owners offer free assistance through SCORE. If you need help, get it either through free sources like SCORE or through paid coaches.

A business plan is too valuable to just use for getting a loan.

Your business plan is your map to business growth. The financial part of your plan can guide business growth and lead you step-by-step to business profitability. The marketing part of your plan outlines how you will get customers, and your planned policies can assure that you keep them. Your business plan should also outline your business procedures and processes to guide your and your employees' day-to-day activities.

You need a business plan that will guide your business to growth and business profitability.

Synthesis

Do you have the first three skills needed to achieve business profitability? Can you plan, generate ideas, and understand financial terms and statements? If so congratulations. Now can you manage, market and maintain positive customer relations? These latter skills are covered in part 2 of this two-part article.

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About Author

Both Akhil Shahani & Linda P. Morton are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Akhil Shahani has sinced written about articles on various topics from Buy a Franchise, Public Speaking and Education Toys. . Akhil Shahani's top article generates over 22200 views. to your Favourites.

Linda P. Morton has sinced written about articles on various topics from Advertising Guide, Online Marketing and Writing. Do you need help establishing a . Enhance your marketing skills with. Linda P. Morton's top article generates over 22200 views. to your Favourites.

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