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Business

Why You Need an Employee Recognition Program

The most successful companies in the world know that recognition is the key to retaining their top talent. Recognition is more than simply giving an employee a pat on the back for doing good work. It's about ensuring that they feel valued in their day-to-day work, and can see how they're making an impact on your company. This helps them become more invested in their job, which will ultimately lead to them working harder and being more productive. Here is how you can use employee recognition programs to improve employee engagement at your company.  The importance of employee recognition Recognition is probably one of the most underrated human resources activities that you can use at your company. It can make a huge difference to your employees' lives and the overall well-being of your b

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Business

Why You Should Care About Revenue Run Rate

Revenue run rate is often used as a metric for evaluating private companies. This calculation represents the number of times the company's annual revenue would need to change to break even, assuming that it had no capital expenditures, depreciation, or amortization of assets. Why should you care about the revenue run rate? Well for one, it will tell you if your business can sustain its current growth rate. What's more, understanding how it works may help you decide whether or not investing in a company is worth it. With that in mind, here is why understanding how revenue run rate works is important. Why does the revenue run rate matter? In today's age of technology, it's more important than ever for business owners to know how fast their business can grow and become more profitable. F

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Business

Hauser Private Equity Solidifies Partnership with Igloo and Dometic

Hauser Private Equity recently worked with partner Acon Investment to finance the purchase of Igloo by the Sweden-based company known as Dometic. This deal was completed to strengthen Dometic’s position in the US and reduce the cyclical nature of its sales. Learn more about the numbers behind the deal and how the investment company worked to secure the partnership. $677 Million for the Leader of the Cooler Market In the US, Igloo is synonymous with coolers, making the company a coveted one for both quality and brand recognition. Domestic ultimately acquired the company with an agreement for $677 USD on a debt-free basis, using internal funds to complete the transaction. The Domestic-Igloo deal is meant to strengthen both sales platforms, merging the two for expected results of $150 milli

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News

Terms You Need To Know While Comparing Personal Loans

Whether you have a medical emergency, want to renovate your home, or just want to take your whole family on vacation – for all kinds of planned and unplanned expenses, personal loans are great enablers. With personal loan interest rates becoming increasingly competitive, it also makes perfect sense to opt for this form of collateral-free lending rather than over-extending your credit card. But how to know which personal loan provider is the best for you? And how to compare personal loans before actually applying for one? Here are some terms that you need to know about personal loans, and which will help you in your decision-making. Principal Amount The principal amount is the amount that you receive once your personal loan application is approved. Although different lenders can have d

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Business

How to get a new MSEDCL connection

MSEDCL stands for Maharashtra State Electricity Distribution Company Limited. It is a public sector organization that is managed by the government of Maharashtra. MSEDCL is the largest electricity distributing organization in the country. The utility supplies electricity to entire Maharashtra except for a few parts in Mumbai where other distributors such as Tata Power, Adani Power, etc. supply the electricity. You can get a new MSEDCL connection anytime and even make an MSEDCL bill payment online. Here is how you can take a new MSEDCL connection. How to apply for the connection online? Step 1- Visit the official website of the MSEDCL. Step 2- Click on the option named New Connection Request, given on the left side of the page. Step 3- You will be directed to an application form. Fill i

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Technology

Things Your Business Absolutely Needs in Its Web Design

No matter what industry you are in, it is likely that at some point you are going to have to take a deep look at your website and how you want it to help serve your business. While a great site can convert customers and establish your authority in a certain space, a bad one can cause people to head to your competitors’ sites or leave them not converting. This means that you have to put some extra effort into making your site a valuable resource. Here are some things you need in your website design in order to help you business succeed. Clear headers You should let people know immediately what your business does and how it can help them on the first page. This is where headers to come in handy since they can boldly state what your business does and the services or products you pr

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Business

How a Virtual Deal Room Can Help Make Your Deals More Secure

Due to the COVID-19 pandemic, technology has risen to a more prominent place in the workplace. Because of this, cybersecurity has become a bigger concern, and hackers and cybercriminals have a much easier time of taking advantage of remote and distributed teams. As a result, businesses of all different types, as well as all different sizes, have had to be increasingly vigilant to hacking attempts such as ransomware attacks and corporate espionage. This is why using technology, while often great, can also have downsides such as security. Because of the rise of cybersecurity threats, companies need to be more aware of what they can do to mitigate the risks that having a technologically driven workplace can pose. One aspect of business that is particularly affected by cybersecurity threats i

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Business

Organizing Enterprise Businesses Using Contract Lifecycle Management

In the modern era, enterprise businesses need to be more organized than ever. With the rise of globalization, companies around the world have begun using technology at hugely increasing rates. One of the most important ways that enterprise businesses have been able to utilize technology in the digital age is in organization. Organization has become more and more important as companies have moved all of their files to cloud-based systems instead of using file cabinets and other paper-based systems. In order to compete with other enterprises, organizations need to get organized and adapt to the modern era. One of the most important thing that enterprises need to keep organized is their company’s contracts, as these govern numerous relationships including fundraising, strategic partnerships,

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Business

How to become a disaster recovery consultant?

As the name indicates, a disaster recovery consultant provides the consulting. If you want to become a consultant, here are some tips that may help you. Technical or functional module: When it comes to disaster recovery as a service, it is considered an extremely complex and complete system. It is very challenging for the person to implement the tap correctly as diverse professional profiles are needed for this purpose Functional module: The main purpose of disaster recovery specialists is to develop and carry out the policies and programs to ensure the databases, information systems, and technology. Furthermore, they help implement the database design, data models, and maintenance codes. Implementing the data is not easy as it seems because that has different processes occur in an ada

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News

2 Ways to Build Better Relationships with Your Customers

Customers are the most essential part of any business. Without customers a business can’t fulfill its primary function of selling products or services to people or other businesses that need it. If a business does not have a consistent stream of customers, then it will be hard-pressed to make any revenue. And without revenue, a business cannot sustain its operations. In order to prioritize customers, and work to improve relationships with them, businesses need to directly communicate with customers and address their needs. They also need to act in a trustworthy and transparent manner, and act with humility and grace when dealing with their customers. With that in mind, here are three ways that businesses can improve their relationships with their customers so that they can continue to ope

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