NVS Business Solutions focuses on small businesses. Like us, they are tailored to be lean, fast-paced and flexible to the needs of their customers. Smaller businesses have the ability to react quickly to changes in the market and exploit these opportunities. We take the same approach in dealing with you, our client.
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Friday, December 31, 2010
Why hire without industry experience
The new business development manager presses for a lower-cost source of coffee beans in a cafe that prizes its own fair trade values. The new marketing officer gets fed up with daily mandatory dessert tastings while working for a trendy bakery in the middle of a busy city.
Both the cafe and the bakery are the companies that they are because of their staff's original quirks that the companies do not have to accommodate to survive. The new employees don't fit in - and that doesn't mean they are bad workers. Their values just don't correspond with your firm's.
That is where hiring on a rolling basis would be handy. Looking out for the right people for a venture when it doesn't have a particular role to fill takes pressure off the hiring process and therefore allows the firm to find the people that would make it what it aims to be.
With that said, the new employees do not have to have specific skills - since there aren't certain positions they would fulfill. Instead, they would create their own roles within the company by bringing their own quirks and passions to the table. Any technical skills can then be acquired already on the job (this should be especially easy considering that the new guy loves working at the firm. Those who don't love it shouldn't be hired.)
Industry experience might even become an obstacle in this situation. Having worked at another place that offers similar products as yours, the person's output will be impacted by the rival's values. A conflict of corporate differences would then not help any business that seeks to have its individual voice. And any firm, at that, should aim to do just that.
Friday, December 10, 2010
How and why to become a non-profit for a day
However, putting sincerity behind a company's pledge to care for its stakeholders does not come as easily as we'd wish. Since most firms exist for the sake of generating profits, corporate motivations oftentimes naturally conflict with working to improve the society's well-being. People can get greedy, which is especially difficult to control in a firm with multiple employees. The more players there are in the picture, the higher the chances that responsibility gets diluted and, as a result, nobody cares enough to do what is right: There is always somebody else within the company to blame for one's mistakes. This goes true both for having multiple workers under the same roof and for multiple firms sharing the same market.
A good way to isolate your company's profits from your company's goodwill to ensure that both survive and prosper is to regularly devote a portion of your company's time to seeking benefit for the society, while acting as a normal for-profit the rest of the year.
An excellent example of this alternative CSR strategy is Google's 20% time program. Under this plan, Google allows its engineers devote every Friday purely to projects that interest them personally. As a result, creative thinking is encouraged and is not bogged down by profit-seeking, which leads to the extraordinary innovations that we know Google to introduce for the world. Couldn't get more responsible.
Another example of this temporary non-profiteering is to pick a day each month where your staff's performance is measured on a scale other than sales or profits. If you are a dentist, for example, and you own a few offices, offer a prize to the office whose wait in line was shortest at the end of the day. Or reward the salesperson who decreases gas usage per sale from month to month. This is fun to do and can be very rewarding for your bottom line, even though the exercise aims at isolating your firm from its income statement as much as possible for one day.
Friday, December 3, 2010
The Weekend Business Challenge 2: the glorious results
NVSBS spent a wonderful Thanksgiving weekend in appreciation of our blessings and in speculation about corporate social responsibility. Now, with another WBD weekend behind us, NVSBS would like to present two articles about the practical implications of corporate social responsibility.
Today, we'd like to feature several words by Nikolay Safonov, CEO of NVS Business Solutions. Sasha's article on CSR will come in the next post on the NVSBS blog, so tune back in on Sunday, comment, subscribe, and enjoy the world of small opportunities for improvement.
The Internship Program that Might Save the World
Some can argue that corporate social responsibility can only coexist with diminished profit. I would like to offer a form of CSR that creates value for shareholders.
There are tons of high-school dropouts that end up in depressed sectors of economy with very little hope for social elevation. In the meantime, corporations suffer from high staff turnover, and consequential losses from the “Rookie effect”.
What if the corporations offer internship not only to university students, but to these outsiders too? Sounds crazy? But listen. When an internship is positioned as a “one shot” opportunity, disadvantaged applicants will take this opportunity to break away from their misery very seriously. Meanwhile, they will have a taste of the corporate environment, which can give them an impulse to go back to school.
In addition, during the internship they will acquire skills that are difficult to acquire in a different atmosphere. These will open up their choices in regards to employment.
Eventually, when the expertise gap is closed, high school drop-outs will be much more inclined to apply for a job in a fostering company.
As a result, everybody will win. The society will see the number of people living below a poverty line decrease. Companies will recruit loyal, skillful and dedicated staff.
Monday, November 29, 2010
A socially responsible extension- The Weekend Business Challenge
Thursday, November 25, 2010
Thank you - can the world be more beautiful?
At NVSBS, we are thankful for the innovators in this world. They bring new joy to our lives every day.
Sunday, November 21, 2010
What is corporate social responsibility? The Weekend Business Challenge 2
Corporate social responsibility – which people also call by other interesting names like CSR, sustainability, and corporate conscience – is a model of business behavior that regulates a company in a way that aims toward generating benefit to the society. This CSR entails activities that range from making donations to nonprofit organizations and hosting recycling programs to making social responsibility the entire company's pivotal goal. In its strongest form, CSR runs next to social entrepreneurship. It is unclear however which form of CSR bring the most monetary profit, and whether it is appropriate for profit and social responsibility to stand next to each other in the same discussion.
After a brief break, NVSBS is coming back to challenge your minds with a new Weekend Business Challenge. This time, we would like to hear your ideas fire up into a discussion of corporate social responsibility. Do you believe that CSR is necessary in the modern world or, rather, that it creates inefficiencies that hurt society? We'd like to hear every one of your ideas about how to best implement sustainability in a corporate environment.
When I think about CSR, my mind inevitably arrives at the thought that today, too many businesses participate in their actions because they think they are supposed to. Too companies create environmental sustainability programs because of a lack of better ideas. Unless your firm transforms the wind into energy, these commitments to alien goals will not be able to bring much benefit.
So what should we do? You tell me, and I will tell you.
This challenge will run until Sunday, November 28th. Once we have all your submissions on the twenty-eighth, I will read and feature them in the post for that day. Also, I will answer my own questions and I expect that our collaboration will leave everybody with fresh ideas and satisfaction from spreading wisdom and increasing the world's well-being meter as a team.
Friday, November 12, 2010
How and why not to rush capital into your company
Perhaps the biggest question one faces when starting a venture for the first time is “How will you afford it?” That question goes both for leaving one's day job and finding capital to support the company. While for the first-time entrepreneur, keeping the day job is a good option that will spare him quite some worry – we've been there – finding fresh capital might be something to hold off for later. Two major streams of increased financial stability and decreased need for borrowing are savings and postponing spending altogether.
The reason saving is so important to success lies in future's uncertainty. If I rely on inheriting a large sum of money at some point in the future and thus neglect my work, my chances at wealth go down every minute I choose to daydream instead of writing a business plan. If a firm's prospect depends on a single angel investor that might or might not show up, I have to suspect that the firm will not live for long, either.
Therefore, if financial injections are inevitable for a venture, it's best to conjure them from personal savings. A borrowing-free approach will make the firm that much more attractive for outside investors later on. It will eliminate the burden for repayment to outside parties. It will relieve a firm from outside controllers. Napoleon Hill said it well in his Law of Success: forming the habit of saving is the only way to independence.
And yet, in most cases, one does not even have to resort to spending his savings for a company to enter its blooming season. A manufacturing firm's need for packaging is a good example of a situation where being thrifty can result in a better costs-to-profit ratio than developing an original spending plan. I'll admit it: Developing and manufacturing new packaging is a fun, creative process. And yet, today's world could use less boxes, bottles, and double cellophane wraps. Instead, one can use that which has already been made. Look, the humanity is looking to reduce the speed at which it fills its landfills. Not to be preachy or to point it out, but yes, great opportunity for some truly socially responsible innovation. Saves money, too.
An even richer source of increased ROI that doesn't require any spending are the intangible assets that inhabit our planet. We humans have things like knowledge, experience, and imagination. Those who have already passed on left us with some pretty good intellectual and physical infrastructure. Those who are still here have not yet reached their full life potential. So, 21st century entrepreneur, go out there and make use of what other people are more than happy to offer. They will thank you for that.
Quickly before you go catching the wave of free underutilized opportunities, leave your comments and subscribe to the NVSBS blog. We hope you have a blast this weekend.
Sunday, November 7, 2010
How to bring Frankenstein's creature to life and then profit from it
Thursday, November 4, 2010
How to invent a bicycle
Every now and then, an idea will stick to my mind and will not let go so easily. The invention will materialize in my imagination in different shapes and forms, and sometimes the idea will be so pervasive that I will put effort into making it happen. This "bug" may be a completely new thought or just an improvement on some previous development, but in any case, I predict that most readers here are not immune from the inventor syndrome either. From personal experience, I can say that the brain children of plenty of inventors, entrepreneurs, designers, and artists go through the following life cycle that I'd like to call instinctive idea generation:
1. An image of a final product suddenly pops up in the thinker's mind
2. The image goes through some massaging and development as a thought
3. The owner of the image puts it down on paper
4. A model of the conceptual product goes through tests
5. A final version of the product comes out into the markets
Realistic or not, this sequence is a recipe for creative disaster. It can work with aesthetic creations, but with anything else, the five-step system above fails to ensure that the product meets a need or serves any sort of purpose. Therefore, even if the final product manages to reach the point of launch, its best chance of success will be to become a fad, and then quickly die out. That resonates with the idea that instinctive idea generation may create a cool-looking object, but consumers will quickly realize its lack of meaning and abandon it to the creator's despair.
Nevertheless; I plead thee, innovator: Do not despair. Things are not so hopeless for the creative thinkers out there. The best way to ensure that a project fulfills a purpose is to start with a question or a problem instead of a ready image. As an illustration of a successful innovation-based venture, Artemy Lebedev Studio published overviews of the creation process for each of their designs. For them, every project starts with a clearly formulated goal. Then they proceed to the fun part of thinking and creating. The results are stable and sound.
We would love to hear about your experiences with innovation and creative business models. Furthermore, NVSBS strongly encourages innovative thinking and is here for any visionary who might want some advice about the practical side of it all. We look forward to seeing new comments and subscriptions, and you will hear from us on Sunday! Have a good Friday now.
Sunday, October 31, 2010
The hidden side of the holiday industry
Thursday, October 28, 2010
Does not doing homework sound like a good idea?
Sunday, October 24, 2010
SEO vs. AdWords: The winner is not that obvious.
We’ve heard it on numerous occasions; we know it well: a space on the first page of a popular Google search is the Christmas gift of choice for 99.8% of corporate websites. The other 0.2% already happily appears among the top ten, and is not very willing to move down. If you are the owner of a website that wants to be in the top ten for its keywords, your options come down to search engine optimization and AdWords. While both of them have the potential to let your web page reach its goal search engine position, there are distinct differences between them that lead some people to be “SEOers” and others to be “AdWorders.”
To many, the benefits of SEO are rather obvious. However, investment in search engine optimization is yet to become wide-spread:
- Better brand credibility. While SEO makes it possible for the website owner to deliberately get on the first search page, customers still perceive “natural” page promotion as more trustworthy than sponsored links.
- Offline services. It is slightly more importat to avoid pay-per-click in the first place if your customer will at one point or another interact with your firm outside of the Internet, be it a straightforward phone conversation or a full-fledged visit to your office.
- Long-run cost effectiveness. Once SEO gets your page onto the top, maintenance costs are practically absent. In the long term, investing in SEO brings enormous return on investment and thus makes a lot of sense.
On the other hand, some say that AdWords contradicts the nature of search engine marketing. They thus ignore pay-per-click as an option in the first place, to which I say that AdWords are not all that straightforward:
- Instant results. With a paid advertisement, you can generate immediate traffic to your webpage. AdWords is a relatively simple technology, the biggest prerequisite of which is your willingness to pay per visitor’s click.
- Ease. Showing up among the first ten for competitive keywords is a lot easier with a pay-per-click campaign than through search engine optimization. Again, one should only be willing to make a monetary investment into the program.
- No search algorithm changes. With pay-per-click, the need to spend time keeping up with changes in Google’s search algorithm evaporates because Google administers AdWords itself.
- Online services. Promoted searched are generally more appropriate for online services that do not require the customer to interact with your company anywhere outside the net.
- Only monetary investment. Finally, unlike SEO, AdWords does not require you to hire a specialist or study any literature. Like I mentioned, its technology is rather simple and anyone familiar with the Internet should be able to conquer it. Furthermore, by choosing to learn SEO, you give up the time that would have otherwise gone into improving the quality of your firm’s offerings, or making follow-up calls. Opportunity costs are looming.
It’s up to you whether you choose the one, the other, or both. Your choice should largely depend on the nature of your business. However, internet marketing is also a matter of personal choice that reflects your professional personality.
Check back for a fresh update on Thursday. Comment, subscribe, and have a remarkable week.
Thursday, October 21, 2010
The results are in!
We are very proud to announce that the first NVSBS Weekend Business Challenge is officially over! Give yourselves some applause, because everybody who participated (even if they didn’t send in anything) should be proud. We thank you for being with us to witness the Weekend Business Challenge’s first step.
This week’s topic was the Pareto principle, or the idea that an average endeavor gets eighty percent of its results from only one-fifth of the time and money investment that it receives. This 80-20 rule concept is fairly simple. However, we asked you to think of additional applications for it, and think you did.
Sunday, October 17, 2010
Advertising channels: the long but necessary list
1. Magazines
2. Educational webinars
3. Newspapers
4. Direct mail
5. Brochures and flyers
6. Company website
7. Directories
8. Philanthropic activities
9. Newsletters
10. Community service programs
Thursday, October 14, 2010
What is the 80/20 rule? The Weekend Business Challenge.
The Pareto principle, also called the eighty-twenty rule, is a movement of management thought that has been in development since the 1900s. The gist of the principle is simply that, in general, 80% of your sales income comes from 20% of your clients. This idea can be further expanded into the notion of a general effort-result distribution. That means that no matter how much one works, only about one-fifth of one's efforts go into generating the most of the results he sees. The rest of the energy, unfortunately, goes into less productive endeavors.
- Basic Pareto's Principle on About.com lays down some theory
- An intriguing explanation uses animation as a graphic example for the rule.
Sunday, October 10, 2010
The evening after: gain your customers' respect when they least expect it
If you have just found yourself a client and have gone through a successful deal with him, accept our congratulations. You have gone through the hard part of it all and made the deal happen. Now, all that is left is the easiest part of it all - and yet somehow the majority of ventures do not reach their full potential simply because they did not have an effective follow-up system. Psychological studies have shown that out of the four customer's experience combinations that are possible after the customer has done business with you twice, the best possible outcome for the customer relationship is when, initially, the customer is not completely satisfied, and, afterwards, his concerns get addressed to turn his second experience into a remarkable one. This is only made possible through thorough and effective follow-up system. Easily done, but somehow so often forgotten.
Thursday, October 7, 2010
Looking out for rivals
Sunday, October 3, 2010
Mitigate your weaknesses
Thursday, September 30, 2010
Leverage your strengths
Sunday, September 26, 2010
E-mails or your life!
Thursday, September 23, 2010
Going beyond the PowerPoint presentation
Sunday, September 19, 2010
A sales management system on your desk
Think about some important components of a successful business. What comes to your mind? Some of our readers would mention reliable front desk staff, a team of trained salespeople or a solid website that attracts new clients. Maybe some will think of a referral-rewarding plan and a customer retention program.
Now that we have this list, I can see a pattern emerging. All of the techniques mentioned above target one area of business development: sales. This consensus is here for a valid reason. Sales management is simply the most crucial aspect of a successful venture, be it a mom-and-pop grocery store, an environmental activist organization or a multi-national corporation with headquarters on nine different continents.
True enough, sales may not necessarily be a particular organization’s primary goal (like in the environmental agency’s case.) Nevertheless, sales, be they in the conventional form of soda bottles sold, or be they in the more atypical form of donations raised, are crucial to the continued survival of any establishment that incurs expenses during the course of its existence.
Thursday, September 16, 2010
Six (small) steps towards a paperless office
Sunday, September 12, 2010
7 Reasons to Go Paperless
1. Easier document sharing
There are often certain documents that are needed in several places simultaneously. This can be a client’s personal file that different offices of the same dentist may need to retrieve. This can be an unfinished flyer that you started at your office and want to edit at home during the weekend. In either case, relying on only a paper version of the document complicates the work process for you and your employees. Electronic documents, on the other hand, are easily transportable through the Web and programs like MS Access.
Thursday, September 9, 2010
Five best-kept secrets about Outlook
1. Business Contact Manager
BCM is a powerful add-on to Outlook that allows any businessperson manage their business contacts and marketing campaigns, monitor sales people’s and campaigns’ performances, give order to one’s business opportunities and try out other ways to increase work efficiency.
Friday, September 3, 2010
Outlook: The Supernatural Inside Your Computer
to improve for the sake of success in the small business world, we
would, without hesitation, say: interpersonal communication. And when,
after that, we would be to pick one piece of software that would propel
one's communication ability the most, we would quickly and surely
respond: "MS Outlook."
If reading a software review makes you feel uneasy, do not fret: We
would not be recommending a particular program if we were not sure of
our choice. Just consider this: Nick and I counted how many separate
programs come together under one roof in Outlook, and found seven
disparate sets of functions comprising just the basic foundation of
Outlook. That's seven programs that would otherwise be scattered around
your computer and not connected into one secret communication weapon.
Let's review the basic functionality sets in Outlook and their meaning
to professionals today, so that next time, we can reveal some best-kept
secrets about using the entire program.
Sunday, August 29, 2010
Is Sound Recording a Trick? It Shouldn't Be.
professional communication: flyers and video presentations, the former
dealing solely with a static image printed on paper, and the latter
encompassing dynamic images, sound, text, and other aspects that one
may include in a video presentation. Today, we are going to take one of
the complex components that make it up: sound recording.
Thursday, August 26, 2010
Be Visual with Movie Editing Software
Last Sunday, we started our discussion of the ways of getting your message to its audience. We wrote about flyers, one of the more conservative methods of communication. They work with most audiences, and the technology behind them is relatively easy to conquer. However, because of their simplicity, flyers are exceedingly common, and sometimes this tool does not easily catch an audience’s attention. In those cases, a more complicated method of communication, like a video presentation, can do the trick better.
A video presentation? If that sounds complicated, you should reconsider your view of modern technology. Most computers today come with built-in video creating programs, Windows Movie Maker and iMovie being the more popular free video editing programs. Not only do they come free of additional charge, these programs were especially created for the beginning user: simple and easy to use. In this article, we’ll go through the basic steps of creating a simple video presentation that consists of images, text and a voice-over so that you are not all alone on this journey towards the ears of your audience.
Sunday, August 22, 2010
How to Design a Great Flyer
Wednesday, August 18, 2010
8 Quick Ways to Enhance Your MS Word Documents
MS Word offers quick formatting buttons that let you pick from a set of professionally designed looks for headings, subheadings and normal text. You can choose from an array of styles that fit the overall tone of the document you want to create. Word 2007 and younger versions make a special improvement at this function, offering their users preset collections of text formatting styles that cater to various document types that also resonate with other formatting presets, such as front covers. This can be a huge enhancer of the document’s atmosphere, provided that you choose a proper style for your message.