If you are a business owner, then it falls under your daily job role to monitor the key performance indicators regularly. It is impossible to know where your business stands without keeping a track of the company’s performance. However, monitoring sales and revenue generated is not all that CEOs and managers do behind closed doors, there are more in the mix.
To make a business run successfully, be it an SMB or an enterprise, a few rules must be followed. While the basics are known by most entrepreneurs, today we are going to highlight the not-so-popular, yet a few of the most crucial points to consider.
Time Tracking and Its Merits:
Employees generally work for a 9-hour shift. They come in the office, punch in the time and thus start their day. But the question remains, how much time from these 9 hours are spent productively? They don’t need to stay glued to their computer screen throughout. There is a difference between office hours and work hours, and in between them lies the productive hours.
There are many benefits attached to tracking your employee’s time consistently and accurately.
- Accurate time tracking will help you to pay out your employee for the hours actually worked. It eliminates the chances of overpaying or underpaying.
- Overtime costs can be eschewed. There are multiple time tracking tools like Hubstaff which can alert your employees when they are nearing their regular work hours.
- With effective time tracking, employees tend to become more accountable as they are made aware of their actions owing to which they don’t waste time.
The Element of Customer Loyalty:
Right after a company is well adjusted with employee management, it’s time to turn the attention to customer retention or vise versa. To put it in simple terms, customer retention is all about drawing in the right customers, making a sale, encouraging them to buy more and bring back more clients. This is generally how the customer loyalty circle work. To build this sort of loyalty, a company must treat its customers the right way.
Generally, three common means are used to monitor customer loyalty and the resulting retention:
- Periodic customer survey
- Direct feedback right after purchase
- A detailed purchase analysis
Customer loyalty is one of the greatest pillars of business success. As per Fred Reichheld, a 5 percent increase in customer retention can raise the profit margin by 20 to 100 percent.
Your online heritage and competitor’s online presence:
The digital world can be compared to a parallel universe. It has its own rules, regulations, and format. Since the early days of digitization, a lot has been achieved. It’s our online heritage. But unfortunately, we don’t have any way with which we could look back at what we have achieved so far. While in life it’s possible to store photographs of memorable events or loved ones, that facility is not there in the digital world, or is there?
Indeed, with Stillio it is possible to look back upon the digital footprint we have created. Its serves two purpose – we become aware of our past which facilitates decision making in the present, and we can keep a closer watch on the activities being followed by our competitors. Business owners and entrepreneurs can secure their position in a cutthroat business world only by being aware of what their competitors are doing. However, keeping a regular watch on their social media handles, websites and promotional offers may not possible. Stillio can help in this regard with the screenshots of the competitors’ sites making competitor analysis simple and easy.
The Merit of Content Marketing and ROI:
In this world of digitization, no business can survive without effective content marketing efforts. Be it a business blog, an email newsletter, a social media post, content marketing is crucial for the survival of a business in the digital world. To add more feathers on the hat, though content marketing costs 60 percent less than outbound marketing, it generates three times more leads! So that’s a win-win!
However, to reap the full benefits of content marketing, proper tracking and performance analysis must be conducted. It’s important to track the number of shares and other forms of engagement on the content. Additionally, tracking back-links and mentions on other websites must also be practiced as it enhances domain authority.
Tracking Business Goals:
This is the most important element of all. Without proper business goals, it will be like driving around in a truck aimlessly. All the other things that you will be tracking is finally related to your business goal. For instance, if your goal is to spike up your LinkedIn company page by a hundred followers, you have to track the performance of your Linkedin posts. That way a micro goal merges with the macro goal.
So roll up your sleeves and get tracking. Success is right around the corner, you will have to “track it through”
Does CBD Oil Work for Chronic Pain Management?
Many people use CBD oil to relieve pain and to improve other conditions like sore muscles and feelings of anxiety or depression. Recent research has shown the potential that CBD oil has the potential to help patients get relief from many of those conditions.
In this article, we will look at how CBD oil works and how it can benefit people suffering from numerous conditions including anxiety, depression, acne, eczema, multiple sclerosis, rashes and people presently undergoing debilitating treatments like chemotherapy.
According to CBDStudy, CBD is one of many naturally occurring compounds in marijuana and hemp plants known as cannabinoids.Many plants contain cannabinoids but hemp and marijuana plants a very high concentration of them.
Tetrahydrocannabinol (THC) is the cannabinoids that causes users to get that “high” feeling that results from using marijuana. But CBD oil does not cause users to get high. This is because CBD does not connect with the same receptors inside the brain as THC does.
Cannabinoids have a direct effect on the endocannabinoid system (ECS) inside our brains. That is why these compounds affect the way we feel pain, our sleep cycles and how our immune system functions.
Can CBD Make You Feel High?
CBD does not make users feel high although it does have many other positive reactions. It can also encourage the body to naturally produce more of its own naturally occurring endocannabinoids.
For example,CBD oil stops the body from absorbing anandamide, a compound associated with the way the body experiences pain.
The cannabinoid compound contained in hemp and marijuana plants that creates that “high” feeling is called THC. Two years ago, Congress passed the 2018 Farm Bill which allowed for the sale of CBD oil products over the counter as long as they contained a maximum of 0.3 percent THC. That is simply not enough to get you high.
You may ask, why is a small trace amount of THC still in these products? That is because of the way the different cannabinoids or compounds present in hemp plants interact with each other.
When all of the naturally occurring compounds are present in one CBD oil product, they actually help to maximize the effects of all of the other compounds in the product. This is called “the entourage effect.” It basically means that when all of the cannabinoids are working together, they work better than they would if they were working alone.
What is CBD oil?
Some type of cannabis plants — often called hemp or marijuana,contain different levels of various chemical compounds.
Most CBD oil comes from industrial hemp, which usually has a higher CBD content than marijuana. It also contains less THC.
CBD oil comes in many different strengths and people can use it in various ways and for several different conditions. Its recommended that you discuss CBD oil with your doctor before using it to make sure there are no potential negative interactions between any CBD oil products and any prescription medications you are presently taking.
CBD oil is actually one of the oldest natural remedies used by human beings. For thousands of years people have used CBD to treat different types of pain and other conditions. It’s only in recent years that the scientific and medical communities have begun to study it more closely and how it can benefit patients with many conditions.
Here are some of the possible benefits of CBD oil:
Some researchers note a significant drop in inflammation and signs of pain, without additional side effects by using CBD.People using CBD oil for arthritis may find relief from their pain and they may see less swelling in their joints as well.
Multiple sclerosis is a condition that affects the entire body because it impedes signals sent to the muscles by the brain via the spinal cord.
Nerve pain, tingling in the hands and feet and a reduction in strength and mobility are among the most common symptoms of multiple sclerosis. If untreated, it could eventually prevent a person from being able to walk or get around on their own.
Recent studies show CBD oil could reduce the levels of spasticity that MS patients often feel. Many people also reported a reduction in symptoms. Additional studies are needed to verify these results.
Researchers say the results of multiple systematic reviews covering dozens of trials and studies. Some recentstudies indicate there is substantial evidence that CBD oil is an effective treatment for chronic pain in adults.
This has the potential to benefit patients suffering from conditions like osteoporosis or arthritis and those undergoing painful treatments like chemotherapy where the side effects from the treatment is often nearly as debilitating as the disease.
They noted that cannabinoids, such as CBD, could offer helpful new treatments for people with chronic pain.
Marijuana derived CBD products are not presently at the federal level but are legal under the laws of some states. However, CBD oil products made from hemp and that contain a maximum of 0.3 percent THC are legal and available for sale as supplements in all 50 states since Congress passed the Farm Act of 2018.
There are many potential uses for CBD oil and studies are ongoing as to exactly how it can be used to help people suffering from numerous conditions. What we do know for sure is that CBD oil products can help people relax and create an overall feeling of well-being that can help improve the symptoms of conditions like anxiety and depression.
It also has anti-inflammatory properties which can benefit people suffering from several conditions from chronic pain to acne and eczema. Best of all, CBD oil is a natural substance that has few if any side effects which differentiates it from many other prescriptionand over the counter medications out there.
CBD oil can offer help for many people if they use it regularly and properly.
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