4 Things You Fail To Do After Organising An Event

Although you have worked in various marketing roles throughout your career, you have grabbed in just about every aspect of corporate event planning and management and have pretty much done it all. Sometimes all event aspects run smoothly from planning through completion and assessment of the event, but more often than not issues may arise.

Continue reading “4 Things You Fail To Do After Organising An Event”

How Data Can Help You Personalise Your Next Company Event

Data is a vital part for event organiser to host either corporate events or non-commercial one. So thanks to technology, we may able to gather data and gain lot of information. Data can be classified in four classes which are demographic, engagement, customer relationship management (CRM), and events. All of these help to give the possible outcome with your next company event. According to George Sirius (CEO of Eventsforce), event data is incredibly valuable. The more we make of that data, the more valuable it becomes. And yet, managing all this data is one of the most complex issues that event planners are facing today.

Continue reading “How Data Can Help You Personalise Your Next Company Event”

Wining and Dining While Growing Your Business

“The trend to take clients out for wine and dine is only growing stronger with the move towards more relaxed work habits and the birth of the foodie nation. If you are working in a corporate environment, it is almost expected to occur regularly.” According to general manager Levi Aron, good food and good business go hand-in-hand. Many a lucrative deal has been done over a hearty meal and a few alcoholic beverages. Nailing the etiquette to entertaining clients can make all the difference when it comes to sealing the deal on new business. And it’s a skill likely to come in handy in the long run.

Continue reading “Wining and Dining While Growing Your Business”

Price Guide for Plumber Services in Singapore

There are two types of plumbing services in Singapore. 

Water service plumbing work refers to the repair, replacement and installation of tanks, pipes and taps for the water supply system. This includes water heaters and various other related to the use of clean water for personal use, washing and cooking. The area of concern is usually the bathroom and the kitchen.

In contrast, Sanitary plumbing work focuses on installing, changing or relocating sanitary discharge pipes and appliances, to carry used water away. This sanitary plumbing work normally relates to clogged pipes and clearing of various refuse pipes. The area of concern is the toilet and also the kitchen.

Continue reading “Price Guide for Plumber Services in Singapore”

Price Guide for Electrical Services in Singapore

In Singapore electrical services covers electrical supply work that refers to the repair, replacement and installation of supply systems from the distribution board to the entire flat or apartment. This includes circuit breakers, switchgears, power outlets and lamps. This may also include air conditioning wiring and power sources.

Continue reading “Price Guide for Electrical Services in Singapore”

How To Get Customers To Market Your Business For You

Receiving customers is nice. Retaining customers is good. But turning your customers into brand advocates are the best.

In the past, word-of-mouth has been one of the cheapest and most efficient forms of advertising. Knowing this fact, brands, irrespective of their size and industry are including this approach in their marketing strategies to grow their business. Online marketing has embraced this customer concept and has made great inroads due to the technology available now.

Continue reading “How To Get Customers To Market Your Business For You”

5 Mistakes Entrepreneurs Should Avoid When Building Their Team

Entrepreneurs are possibly the most driven and focused people when it comes to business. However in order to expand the business, a group of people or a team is necessary.

Successful entrepreneurs and business entrepreneurs are not a lone creation. They are the product of competent business knowledge and supported by a group of people who are focused and motivated on the goals and targets of the entrepreneurs company. Great entrepreneurs are great people motivators. It is not unusual that one of the main points in an entrepreneur’s list is to create a great team.

The wrong team or the team that doesn’t work is one of the costliest error entrepreneurs make, resulting in not only lost income and time but depleted morale.

Choosing who to hire and work with in a start up is like playing basketball in the schoolyard. If you pick your friends you can play with them.  If you want to be good and continue to be on the court, you have to carefully pick your team.

It’s crucial to choose people with varying skill sets. They must also share some common values and the ability to trust each other in tough situations.

Let’s see what entrepreneurs get stuck on and should avoid on their entrepreneurs list.

  1. Hiring the wrong people

It can be frustrating when you realize you may have made a bad hire, and having to constantly motivate your team (or even just one person) to complete a task is exhausting. According to a group survey, supervisors spent about one day a week managing hires with poor performance.

This means the time and energy that could be spent in other areas is wasted on a poor performer

One way to reduce the chances of hiring the wrong person is to look beyond their resume and ask questions that reveal the intangible traits: passion, flexibility and adaptability.

The one thing consistent with every start up is change, and a lot of it. It’s important that your initial hires demonstrate a healthy dose of all three qualities, since they’re needed for teams to gel and form a strong culture.

Your starting line up is to be the key players that will help jumpstart your new business and lay the groundwork for success, so aim high and identify the perfect candidates during the hiring process.

  1. Lacking leadership

Taking initiative comes easily but an entrepreneur may not have the experience to hold the team up. This can be a problem when looking to earn respect from employees who may be older than and have more years of experience. The best way to find and hone leadership is by identifying a mentor or appointing a board of advisors.

Leadership mentors can originate from those that come in contact on a day-to-day basis, like prior bosses or current and past colleagues. Some of the most valuable leadership lessons learned have come from simply watching how others react to specific situations. Take a look at how another leader responds to challenges and pick up what worked and what didn’t. Remember, the answer to a dilemma is not always clear, so being observant when looking will enhance leadership style.

  1. No clear cut achievable goals

If there isn’t a clear cut goal for the team, then the business is headed for failure. The entrepreneur as the team leader must always communicate the goals that must be achieved to every member of the team. This is at the low end of the scale of meeting goals and targets. At the other end of the scale it is important to also realize that goals and targets cannot be achieved all at once. Hence a more pragmatic approach is needed need to take things bit by bit with the team members. When a team is over worked to meet targets, they wear out quickly.  This will affect future target goals negatively by making the team apprehensive to being open to new goals.  People generally don’t like repeating negative experiences.  Never be over ambitious when building a team – slow and steady wins the race.

  1. Not keeping the order

Managing machines has always been much easier than managing people. It is not enough to have rules and regulations in your employee handbook. The responsibility falls on ensuring that the rules and regulations are enforced.   To build a sturdy team, it’s imperative for all of the team members to adhere to the rules.  Otherwise, chaos will ensue. Some people are naturally wired to flout rules and regulations. If order to to build a successful team, there is no room to accommodate indiscipline.

  1. Not prioritizing the team

The business model is important, but the people behind the company matter just as much, and maybe even more when building a business for social impact. Don’t get so focused on your business model that you underestimate the critical importance of building a team with the right cultural fit. Do make sure to carve out time to assess the skills of the people you currently have in place, understand how those skills match the demands of your market, and make plans to fill any necessary gapsThen start to build out a culture where everyone at your company—from the management team to the front-line staff–are committed to the company’s values.

As most people know, very few successful companies have just one founder and no employees. Rather, successful companies are formed when entrepreneurs are able to expertly build and lead their teams. Successful entrepreneurs are able to methodically hire the best talent and then effectively lead their workforce. In fact, according to management expert Peter Drucker, most businesses would double their profits if they increased employee productivity by just 10%.

 

ThunderQuote is the most comprehensive business services portal in Singapore, Australia and ASEAN , where hundreds of thousands of dollars of procurement contracts are sourced every month by major companies like Singapore Press Holdings, National Trade Union Congress and more.

New To Procurement? – Build These 4 Skills to Stand Out

Are you looking to become the next procurement manager in your company? Procurement as a whole might be extremely daunting to a lot of people and it is known that it is a very difficult industry to enter. Most Chief Procurement Officers have been in the industry for more than 10 years to reach the heights they are at today. To ensure we help you as much as we can, we have compiled a set of 4 of the most crucial skills needed to stand out as a procurement manager within your peers.

  1. Knowledge Base

Having a strong knowledge base of the general procurement standards is probably the most crucial point of them all. This is simply because without that, you might have serious troubles handling the number of deals and tenders coming your way.

The main job of a procurement leader is to help the entire company consolidate all their spendings and ensuring that every business unit gets their money’s worth. In addition to that, a lot of compliance needs to be ensured while making it so that no one gets their feet stepped on in the process.

Just imagine 10-15 tenders a week and contracts having to be drawn up for each of them. There are negotiation processes as well as re-negotiation. In addition to that, there is the problem of what happens when non-compliance happens.

Therefore, a strong knowledge base is extremely important to ensure that you know every entry and exit point that will be activated during the standard procurement process.

Here’s a list of the basic knowledge bases you need to have to ensure the current standards are being met :

  • Knowledge to create basic contracts
  • Knowledge of current marketplace
  • Knowledge for basic negotiation to create contracts
  • Knowledge in being able to handle budgets for entire departments

 

  1. Communication Skills

You will be acting as the communication barrier between the company and the vendors which means you need to have top of the line communication skills. You need to be able to know exactly how to handle troublesome vendors or heads of departments who might not know how to scope their projects correctly.

Being in the centre of it all is highly stressful but it is very rewarding as being the gatekeeper means you are in charge of the company’s bottom line as well as how well the company does in the long run.

World class communication skills are crucial as it will also ensure that you get to sell the hard ideas, get the concepts across as well as translate complicated projects to vendors to ensure that your department heads get the exact scopes they need for the fulfilment of their projects.

Here are some of the main communications you will need to build :

  • Building rapport with suppliers.
  • Ensure you build good relationships with important stakeholders
  • Always offer options after each negotiation.
  1. Ability To Critically Analyse Spend

With thousands of choices for each project, you need to be able to analyse each and every one of them to pick and choose the best one that your team needs. Things like supply market analysis as well as spend analysis, these are all very strategic thinking processes that need a very analytical mind to be in charge of them.

Having a solid understanding of all these fields are extremely crucial to allow for constant betterment of your system. Another main reason why there are procurement managers is to always find a better way to procure for services and products. Being highly analytical will allow you to be able to foresee procurement trends and always be on top of things.

Always make sure you’re analysing your spending by :

  • Identifying your company’s/organisation’s total spending overall
  • Request for vendor supply information on all existing contracts to have an overview of how your company used to spend for analysis.
  • Interview heads of departments or your CEO to ensure you have a clear understanding of their needs and their view of their supplier’s performance and also whatever enhancements they might need.
  • Remember to always analyse your data and work closely with all departments!
  1. Familiarity With The Latest Procurement Technologies

Being tech savvy is another important skill you need to have. The procurement scene is changing rapidly and you need to ensure you stay on top. Procurement is becoming much more automated and is currently relying on a lot of technology to continue working.

The old school methods are slowly phasing out and you need to make sure that you don’t’ get left behind. Always make sure that you are reading the new normal of procurement trends and always learn the new technological elements that are now being integrated into normal procurement standards.

Always ensure that you are ahead of the game. Learn to embrace all these new technological standards to ensure that you don’t get left behind!

These skills are extremely important that we hope you take note of and make it part of your daily process. Constantly bettering yourself will always bring about better opportunities in the long run. Make sure you have these skills to ensure you stand out as a procurement professional in the scene.

ThunderQuote is the most comprehensive business services portal in Singapore, Australia and ASEAN , where hundreds of thousands of dollars of procurement contracts are sourced every month by major companies like Singapore Press Holdings, National Trade Union Congress and more.

 

Signs You Need To Hire An IT Consultant Right Now!

Hiring an IT Consultant is like venturing into a good investment. An IT consultant either works for a firm or independently. An IT consultant’s job is to advice his or her clients on how to use information technology in order to meet their business goals or to overcome certain problems in the IT field that they are facing.

Continue reading “Signs You Need To Hire An IT Consultant Right Now!”

Will Implementing An ERP system prove beneficial to my company?

Before wondering whether implementing an ERP system would prove beneficial or not to your company, it is best to first understand what it is and how does it actually work. ERP stands for Enterprise Resource Planning and its main feature is a business management software that allows employees from many different divisions to rely on the same information for their specific need.

Continue reading “Will Implementing An ERP system prove beneficial to my company?”