Small companies – Dsmkw 07 http://dsmkw07.net/ Sun, 24 Oct 2021 12:49:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://dsmkw07.net/wp-content/uploads/2021/10/profile-120x120.png Small companies – Dsmkw 07 http://dsmkw07.net/ 32 32 10 Amazing Ways Small Businesses Collect Big Data https://dsmkw07.net/10-amazing-ways-small-businesses-collect-big-data/ https://dsmkw07.net/10-amazing-ways-small-businesses-collect-big-data/#respond Thu, 21 Oct 2021 19:31:07 +0000 https://dsmkw07.net/10-amazing-ways-small-businesses-collect-big-data/ by Madhurjya Chowdhury 22 October 2021 Small businesses need the same tools as large businesses to be successful in today’s marketplace. Small businesses, of course, lack the resources of a large organization, such as data scientists, researchers, and analysts. There are a number of ways your small business can collect, analyze, and make sense of […]]]>

by Madhurjya Chowdhury
22 October 2021

Small businesses need the same tools as large businesses to be successful in today’s marketplace. Small businesses, of course, lack the resources of a large organization, such as data scientists, researchers, and analysts. There are a number of ways your small business can collect, analyze, and make sense of the data it already has, as well as gain new insight to help create a level playing field. To that end, we’ve compiled a list of 10 Big Data Solutions for Small Businesses, but first, review the fundamentals and importance of Big Data.

Why are companies using Big Data?

Today, Big Data is essential in all businesses, whether large or small, such as healthcare, entertainment, insurance, etc.

The use of big data has the following advantages:

  • The main purpose of big data in any organization is to help them make better business decisions.
  • This will encourage companies to collect more market and customer data.
  • It can help almost any type of organization improve efficiency and internal operations.
  • Consumer habits are predicted by modern big data analytics and management. They then use these models to build brand loyalty as they can collect more data to notice more trends and strategies to keep customers happy.
  • It helps deliver smarter goods and services.

How Small Businesses Collect Big Data

Use social networks

As a businessman, you are already connected to a large number of individuals via social networks. When you bring up a topic online, such as your business, products and services, or any other important term, tools like Twilert and Social Mention seamlessly integrate alerts and notifications. Once you figure out how to follow these notes, you can tailor your responses and discussions to generate more buzz and excitement among consumers.

Embrace marketing analytics

Marketing is the second largest expense for small businesses after employees. Small business entrepreneurs, on the other hand, rarely have the time to research and analyze marketing strategies. In this case, you will need a way to quickly get insight from the data you have collected and develop all the marketing strategies based on the results of the data analysis.

Get the right analysis tools

To ease the difficult process of sifting through marketing data and making it easier to use, you’ll need a marketing analytics panel. The necessary data will be displayed on the dashboard. It will allow you to quickly track the number of leads, calls and clicks created by your internet marketing product, allowing you to design stronger marketing strategies in the future based on this information.

Follow your prospects

The first step is to determine where your current consumers are coming from. You can develop an appropriate strategy for your business once you know what made it successful in the past. You need to keep track of where your prospects are coming from, whether it’s through social media participation, email marketing, online reviews, or business blogging. With this information, you can devote more resources to certain sources or channels.

Increase customer knowledge

To acquire consumer insight, you don’t need a team of data scientists or expensive tools. Many small businesses can get specialized information by extracting data from their website. It is one of the most effective methods for making better business judgments.

Design effective marketing campaigns

Once you have a better understanding of your target consumers, you can create more successful campaigns, reducing customer acquisition expenses. Big data can help you determine when and how to engage potential consumers, as well as the most effective marketing materials.

Innovate around products and services

Big data can help you find out what is working in the marketplace and how long people use your brand when it comes to products or services online.

“The best thing you’ll understand is what keeps consumers engaged,” Martin Blumenau, the creator of Datapine, said in his interview. You can upgrade your current assets and build new ones using this information.

Improve your operations

You can simplify and improve your operations by evaluating the operational data that your business has accumulated over time. Big data can help you make purchasing decisions and track product prices during sales.

Customize your strategy

Having systems in place to track and manage data quality is essential for every organization. Therefore, to achieve your goals, you must personalize the approach to your business. Before you fill in KPIs, you need to think about a few goal-oriented questions. This will help you better target customers more effectively.

Spot the competition

You can use Google Trends, a free and easy-to-use app, to see how popular a product or brand is and what others are saying about it. These tools can also be used to keep track of what your rivals are up to. This will help you better plan your marketing operations.

Companies that use Big Data

● Amazon

● Apple

● Google

● Spotify

● Facebook

● Instagram

● Starbucks

● Netflix

● American Express

● McDonald’s

Conclusion

Big data is hugely beneficial for small businesses as it can provide you with the competitive edge you need to conquer the industry. When properly used and evaluated, it can provide important information about your business. As the notion of big data is reshaping the business world, it is essential to understand how to simplify strategies and resist the use of big data in an unstructured way. Big data can help small businesses compete with large companies by driving business growth.

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Bredesen Company Brings Renewable Energy to Small Businesses – Tennessee Lookout https://dsmkw07.net/bredesen-company-brings-renewable-energy-to-small-businesses-tennessee-lookout/ https://dsmkw07.net/bredesen-company-brings-renewable-energy-to-small-businesses-tennessee-lookout/#respond Thu, 16 Sep 2021 07:00:00 +0000 https://dsmkw07.net/bredesen-company-brings-renewable-energy-to-small-businesses-tennessee-lookout/ Following a groundbreaking ceremony held earlier in September, solar startup Clearloop is poised to bring workforce and economic development to Jackson, Tennessee. The new project, co-founded by former governor Phil Bredesen, offers companies the opportunity to invest in renewable energies and offset their carbon footprint. Because there is no minimum investment, Clearloop gives small businesses […]]]>

Following a groundbreaking ceremony held earlier in September, solar startup Clearloop is poised to bring workforce and economic development to Jackson, Tennessee. The new project, co-founded by former governor Phil Bredesen, offers companies the opportunity to invest in renewable energies and offset their carbon footprint. Because there is no minimum investment, Clearloop gives small businesses and individuals a way to participate in greening the electricity grid.

Clearloop broke new ground at a community ceremony on September 2 in Jackson. CEO Laura Zapata said the project would power around 200 homes in the region over the next 40 years and offset around 60 million pounds of carbon. Zapata says the company chose Jackson because of its central location between Nashville and Memphis, but also because part of Clearloop’s mission is to locate in places where solar projects “go deeper” and have more impact. Zapata, who grew up in Memphis, says cities like Nashville are seeing a lot of economic and financial investment. Clearloop, however, wanted to choose a location that benefited the community more.

“Was it important to focus not only on the grime of the network and the sun, but also on the importance of this for the community?” Zapata said. “[Jackson is a] combination of all of these factors, and it just so happens that it’s very nice for us to be able to build in Tennessee as our first project.

Funding for Clearloop comes primarily from small businesses and buying individuals. Zapata says that a detergent company, for example, measures the carbon footprint of shipping and manufacturing, and investing in a solar company means it can offset that. Zapata says these companies buy “carbon offsets” to help meet sustainability goals they set for themselves, and that many companies had never heard of Jackson or even been to Tennessee before working. with Clearloop. But investing is not limited to businesses; Zapata says an author of children’s books wants to offset the carbon footprint of printing and shipping books and has purchased carbon offset credits through Clearloop.

Zapata says there is no minimum to invest, making renewables more accessible to businesses with smaller budgets. She also says that consumers have fueled much of the drive for businesses to go greener in the first place, and that during and after the pandemic, consumers have shown a strong desire to support and buy from more businesses. sustainable. This has created a lot of business for Clearloop, and Zapata encourages people with a passion for solar energy to schedule a meeting via their website.

Laura Zapata, CEO, Clearloop (Photo: LinkedIn)
Laura Zapata, CEO, Clearloop (Photo: LinkedIn)

“We can offset your carbon footprint by avoiding fossil fuels [fueling] electricity, ”says Zapata. “We are cleaning up the grid and preventing more carbon from being emitted into the atmosphere.”

Zapata and Bredesen are joined as co-founders of Clearloop by Bob Corney, who has a long career in communications and was director of communications in the administration of the Governor of Bredesen. Bredesen is executive chairman of the board of directors of Clearloop and describes himself as a “jack of all trades, master of nothing”. Bredesen says that during his tenure as governor he found solar to be less political and easier to support compared to other climate change topics that could sometimes polarize into a red state.

Although he initially viewed solar power as a fairly expensive “boutique” industry, he realized that there were more opportunities than he thought. Bredesen founded Silicon Ranch 10 years ago, a solar company with a solar project similar to that of Clearloop in Jackson. Silicon Ranch works with bigger clients like Facebook, but Bredesen wanted more than the social media giants to have access to solar power.

“There are a lot of companies that want to green things,” says Bredesen. “Electricity is a great way to do this. The idea of ​​Clearloop [was] anyone could play, not just large corporations.

Bredesen, like Zapata, says very little is happening in the United States in terms of effective national policy regarding solar or green infrastructure. They say the private sector must fill in the gaps in national policy if we hope to slow climate change and make a positive difference. In the long run, Bredesen says that 40 years from now, when the Clearloop project is completed, it’s likely we’ll have new and better types of solar panels that we can replace them with. However, Zapata also says that after the 40-year tenure, there is a possibility that the land could be reused for agricultural purposes and could support cattle or sheep.

Clearloop’s new solar project will not only benefit Jackson economically, but it will also partner with Tennessee College of Applied Technology to provide a training program for students of photovoltaic technicians.

In the short term, Jackson is likely to receive an economic boost, said Kyle Spurgeon, president and CEO of the Jackson Chamber of Commerce. Spurgeon says he first heard of Clearloop two years ago, when the founders contacted. He says Jackson may be more desirable for businesses looking for locations to build, as fiber-optic internet connectivity and a new solar project make the city more competitive and attractive. Clearloop will also create new jobs during the construction period and become a county taxpayer.

Clearloop will work not only on Jackson’s economic development, but also on the development of its workforce; the company has developed a relationship with TCAT, the Tennessee College of Applied Technology. TCAT President Dr Jeff Sisk says the college’s goal is to prepare students for the future of their industries and that it currently offers an apprenticeship program as an electrician. However, with the introduction of Clearloop, the college has almost reached the tipping point of offering a more specialized solar PV technician program.

“Renewable energies will only grow in the future and we just need to increase the workforce to move forward,” Sisk said. “And that’s what we’re working on.”

Spurgeon says he is familiar with stereotypes that the South does not welcome talks about climate change, and Bredesen’s own Silicon Ranch has entered “a US solar market dominated by companies from Europe and the West and the American Southwest “when it was founded in 2011, according to their website. Clearloop, however, can help change those stereotypes and showcase the Southeast and Tennessee as leaders in greener renewable energy. Zapata says he is proud that the three founders are Tennessees and that the South is a key player in solar energy.

“We deserve as much access to clean energy as anyone else,” says Zapata.


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UK GDP below July forecast reflects plight of small businesses https://dsmkw07.net/uk-gdp-below-july-forecast-reflects-plight-of-small-businesses/ https://dsmkw07.net/uk-gdp-below-july-forecast-reflects-plight-of-small-businesses/#respond Fri, 10 Sep 2021 07:51:00 +0000 https://dsmkw07.net/uk-gdp-below-july-forecast-reflects-plight-of-small-businesses/ UK GDP below July forecast reflects plight of small businesses 0734 GMT – The weaker-than-expected economic growth in the UK in July reflects the difficulties facing small businesses, said Douglas Grant, director of Conister, part of Manx Financial Group. The economy’s expansion slowed to 0.1% in July from 1% the month before, official data showed, […]]]>

UK GDP below July forecast reflects plight of small businesses

0734 GMT – The weaker-than-expected economic growth in the UK in July reflects the difficulties facing small businesses, said Douglas Grant, director of Conister, part of Manx Financial Group. The economy’s expansion slowed to 0.1% in July from 1% the month before, official data showed, missing growth expectations of 0.5% in a poll of WSJ economists. “The slight slowdown in economic production reflects the plight of British small businesses and the current default levels caused by the continuing impact of the pandemic which should be of real concern,” he said. “We have to recognize that the UK corporate debt burden has swelled to unprecedented levels and, sadly, this has already created an endless stream of weak, zombie-like businesses falling off a cliff of loan default.”

 
Companies News: 

Cineworld reaches agreement with dissident Regal shareholders

Cineworld Group PLC announced on Friday that it had reached an agreement with the dissident shareholders of Regal Entertainment Group, which was acquired by Cineworld in 2018.

Tritax EuroBox raises £ 170million to finance acquisition of logistics assets

Tritax EuroBox PLC said on Friday it was raising 170 million pounds ($ 235.2 million) through a share issue to acquire logistics assets in continental Europe.

Newmark Security incurred pre-tax loss for fiscal 2021

Newmark Security PLC on Friday reported a shift to a pre-tax loss for fiscal 2021 due to the effects of Covid-19, but said the company is poised for growth and expects revenue to increase over the course of of the coming year.

Minds + Machines to Return $ 80 Million in Premium Public Offer

Minds + Machines Group Ltd. said on Friday it would return up to £ 58million ($ 80.2million) to shareholders through a higher-priced share offer.

Gresham House reported 1H pre-tax operating profit

Gresham House PLC said on Friday it had moved to pre-tax operating income for the first half of the year as total income increased, and was well positioned to deliver on its priorities for 2021.

Gresham House to Raise £ 40million for Acquisition and Project Development

Gresham House PLC said on Friday it would raise around 40 million pounds ($ 55.3 million) through an investment made through an expedited book-building process, and that it would use the net proceeds to finance an acquisition and other development projects.

Target Healthcare REIT raises £ 125million in share issue

Target Healthcare REIT PLC said on Friday it had successfully raised 125 million pounds ($ 172.9 million) through a share issue.

City of London group pre-tax loss for fiscal 2021 widened

City of London Group PLC said on Friday that its pre-tax loss for fiscal 2021 has widened and that it expects Recognize Bank Ltd. – its midsize business lending business – is granted a full UK banking license once capital requirements are met. .

 

Contact: London NewsPlus, paul.larkins@wsj.com

(END) Dow Jones Newswires

September 10, 2021 03:51 ET (07:51 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.


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UK GDP below July forecast reflects plight of small businesses https://dsmkw07.net/uk-gdp-below-july-forecast-reflects-plight-of-small-businesses-2/ https://dsmkw07.net/uk-gdp-below-july-forecast-reflects-plight-of-small-businesses-2/#respond Fri, 10 Sep 2021 07:00:00 +0000 https://dsmkw07.net/uk-gdp-below-july-forecast-reflects-plight-of-small-businesses-2/ UK GDP below July forecast reflects plight of small businesses 0734 GMT – The weaker-than-expected economic growth in the UK in July reflects the difficulties facing small businesses, said Douglas Grant, director of Conister, part of Manx Financial Group. The economy’s expansion slowed to 0.1% in July from 1% the month before, official data showed, […]]]>

UK GDP below July forecast reflects plight of small businesses

0734 GMT – The weaker-than-expected economic growth in the UK in July reflects the difficulties facing small businesses, said Douglas Grant, director of Conister, part of Manx Financial Group. The economy’s expansion slowed to 0.1% in July from 1% the month before, official data showed, missing growth expectations of 0.5% in a poll of WSJ economists. “The slight slowdown in economic production reflects the plight of British small businesses and the current default levels caused by the continuing impact of the pandemic which should be of real concern,” he said. “We have to recognize that the UK corporate debt burden has swelled to unprecedented levels and, sadly, this has already created an endless stream of weak, zombie-like businesses falling off a cliff of loan default.”

 
Companies News: 

Cineworld reaches agreement with dissident Regal shareholders

Cineworld Group PLC announced on Friday that it had reached an agreement with the dissident shareholders of Regal Entertainment Group, which was acquired by Cineworld in 2018.

Tritax EuroBox raises £ 170million to finance acquisition of logistics assets

Tritax EuroBox PLC said on Friday it was raising 170 million pounds ($ 235.2 million) through a share issue to acquire logistics assets in continental Europe.

Newmark Security incurred pre-tax loss for fiscal 2021

Newmark Security PLC on Friday reported a shift to a pre-tax loss for fiscal 2021 due to the effects of Covid-19, but said the company is poised for growth and expects revenue to increase over the course of of the coming year.

Minds + Machines to Return $ 80 Million in Premium Public Offer

Minds + Machines Group Ltd. said on Friday it would return up to £ 58million ($ 80.2million) to shareholders through a higher-priced share offer.

Gresham House reported 1H pre-tax operating profit

Gresham House PLC said on Friday it moved to pre-tax operating income for the first half of the year as total income increased, and was well positioned to deliver on its priorities for 2021.

Gresham House to Raise £ 40million for Acquisition and Project Development

Gresham House PLC said on Friday it would raise around 40 million pounds ($ 55.3 million) through an investment made through an expedited book-building process, and that it would use the net proceeds to finance an acquisition and other development projects.

Target Healthcare REIT raises £ 125million in share issue

Target Healthcare REIT PLC said on Friday it had successfully raised 125 million pounds ($ 172.9 million) through a share issue.

City of London group pre-tax loss for fiscal 2021 widened

City of London Group PLC said on Friday that its pre-tax loss for fiscal 2021 has widened and that it expects Recognize Bank Ltd. – its midsize business lending business – is granted a full UK banking license once capital requirements are met. .

Contact: London NewsPlus, paul.larkins@wsj.com

(END) Dow Jones Newswires

09-10-21 0351ET


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Will small businesses forced to investigate financial crimes cope? https://dsmkw07.net/will-small-businesses-forced-to-investigate-financial-crimes-cope/ https://dsmkw07.net/will-small-businesses-forced-to-investigate-financial-crimes-cope/#respond Tue, 07 Sep 2021 07:00:00 +0000 https://dsmkw07.net/will-small-businesses-forced-to-investigate-financial-crimes-cope/ Earlier this year, a gold trading company was fined a shocking AED 1.3 million for failing to comply with new anti-money laundering (AML) guidelines . Now, with the recent update to the law, it’s not just the banks that have to tackle money laundering and terrorist financing. The list includes: Real estate brokers and agents […]]]>

Earlier this year, a gold trading company was fined a shocking AED 1.3 million for failing to comply with new anti-money laundering (AML) guidelines .

Now, with the recent update to the law, it’s not just the banks that have to tackle money laundering and terrorist financing. The list includes:

  1. Real estate brokers and agents
  2. Dealers in precious metals and precious stones
  3. Independent auditors
  4. Business creation service providers

“With ever-changing regulatory and reporting requirements, SMEs are in a difficult situation,” said Amal Sharma, sales director of technology development company Effiya Technologies. “They can’t afford the huge regulatory fines for non-compliance, but neither can they afford to buy sophisticated AML systems or deploy large internal teams to manually compensate for increased AML workloads. or Fight against the financing of terrorism (CFT).

“Additionally, the ever-evolving investigative criteria present the need for a zero-code platform that corrects AML / CFT violations in near real time rather than through a lengthy IT change request cycle. These companies are increasingly turning to Effiya’s intelligent AI solutions to sustain their business.

Dubai sets up new specialized court to focus on financial crimes

Courts in Dubai have said a new tribunal, focused on anti-money laundering, will sit in the Magistrate’s Court and the Court of Appeal

The Compliance Suite by Effiya can help companies with any of the compliance challenges (with the help of the Compliance Suite by Effiya). Below, Sharma discusses some common concerns expressed by SMEs.

New regulations follow one another. We have to pay the IT vendors for each change request.

With Effiya Compliance Suite, you don’t need to know programming. Users can create and update everything through a simple drag and drop interface. What normally requires filling out change request forms, extra per day, testing, and new code releases is now replaced by a zero code platform.

The corresponding software is mainly designed for large organizations. Expensive hardware is needed to run it.

Effiya’s solution can scale from hundreds of clients to millions of clients. If your organization is smaller, this solution will easily run on a single computer.

The new regulations oblige us to implement a risk-based approach …

With Effiya, you can assess risks on the go.

Aren’t financial crimes complex and difficult to track?

Within the solution Effiya offers an investigation module with visual features. This means you can clearly see who your customers are dealing with. Data on these transaction partners will be collected and analyzed, so that even complex chains of illegal activity will be tracked.

We already have few existing systems and we don’t want to change them.

Effiya Compliance Suite integrates with several client systems (KYC / CDD, Swift, Core systems)

We don’t have the budget to investigate so many suspicious events.

With Effiya your alerts will be optimized. This means that the risk levels will be checked automatically and you will be warned for far fewer false positives. Effiya customers see up to 30% fewer unnecessary alerts.

We don’t know if the software will be able to capture financial crimes.

Our algorithms such as fuzzy name search and text analysis will help you detect illegal activity more effectively

To learn more about Effiya Compliance Suite, visit https://www.effiya.com/aml-solution/

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The content is provided by Arabian Business Brand View Partners.


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New Beijing Stock Exchange could be the financial lifeline Chinese small businesses are calling for, analysts say https://dsmkw07.net/new-beijing-stock-exchange-could-be-the-financial-lifeline-chinese-small-businesses-are-calling-for-analysts-say/ https://dsmkw07.net/new-beijing-stock-exchange-could-be-the-financial-lifeline-chinese-small-businesses-are-calling-for-analysts-say/#respond Fri, 03 Sep 2021 07:00:00 +0000 https://dsmkw07.net/new-beijing-stock-exchange-could-be-the-financial-lifeline-chinese-small-businesses-are-calling-for-analysts-say/ A new stock exchange slated for Beijing could provide a financial lifeline for innovative small and medium-sized enterprises (SMEs) that have often struggled to access finance, as Chinese President Xi Jinping seeks to further develop the country’s capital markets. continent, according to analysts and the market. observers. The Beijing Stock Exchange would create a group […]]]>

A new stock exchange slated for Beijing could provide a financial lifeline for innovative small and medium-sized enterprises (SMEs) that have often struggled to access finance, as Chinese President Xi Jinping seeks to further develop the country’s capital markets. continent, according to analysts and the market. observers.

The Beijing Stock Exchange would create a group of innovative small companies that are currently trading on the National Equities Exchange and Quotations Board (NEEQ) to be listed on the stock exchange as part of the government’s efforts to reform the NEEQ, which is struggling to attract liquidity since its creation in 2013.

The creation of a new stock exchange would also promote Beijing’s dual purpose of reducing debt levels in the financial system and creating a more mature capital market structure. Lending is dominated by state-owned banks across the country, which has made it harder for start-ups to borrow money and sent many of the most innovative companies to the United States to raise capital.

Do you have questions on the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new curated content platform with explanations, FAQs, analysis and infographics brought to you by our award-winning team.

“Banks are reluctant to lend to these companies, which have no track record or assets. A new capital market for them to raise money would be a solution,” said Jeffrey Chan Lap-tak, founding partner of Oriental Patron Financial Group, a Hong Kong-based finance company. “If it works well, it would help SMEs to tap into the capital markets to raise funds. In a sense, it’s part of the game to achieve China’s goal of having “common prosperity”, of having more people to build wealth from the capital market. “

Beijing on Thursday announced that it will provide 300 billion yuan ($ 46.4 billion) in loans to small businesses and the self-employed as a resurgence of the coronavirus weighs on the country’s economy. Small businesses have been particularly hard hit by the economic effects of Covid-19 and have struggled to secure the necessary financing, even as Beijing injected liquidity into the market last year.

The Beijing Stock Exchange will become the latest in a series of new marketplaces introduced over the past two years to further expand the country’s capital markets, alongside the mainland’s two main stock exchanges in Shanghai and Shenzhen.

The Shanghai Science and Technology Innovation Council, also known as Star Market, debuted in July 2020 as China’s response to the Nasdaq. It now has more than 300 companies and is expected to host the world’s largest initial public offering in 2021 when Swiss agrochemical giant Syngenta Group debuts later this year.

The Guangzhou Futures Exchange (GFEX) started operations in April, with a goal of developing products to help create a pricing mechanism for emissions offsets as China seeks to become carbon neutral by 2060. Hong Kong Exchanges and Clearing (HKEX), the operator of the city’s stock exchange, struck a deal in August to explore products focused on China’s emissions targets that would potentially be marketed onshore and offshore.

In the Macau Special Administrative Region, a new Nasdaq-style exchange is being considered to provide another destination for start-ups in the Grand Bay region to raise capital and meet the fundraising needs of the Portuguese-speaking regions, including Macao. The scholarship would also help develop the territory’s economy beyond tourism and gambling.

At the same time, deputy managing director of the Shenzhen Stock Exchange, Li Mingzhong, said this week that the exchange would seek to reform its listing rules to allow nonprofits to raise capital under a scheme. further expansion of the country’s capital market, according to the China Securities Journal, a newspaper published by the state-owned Xinhua News Agency.

It’s already above the Hong Kong Stock Exchange, which has provided a home for Chinese companies seeking to raise foreign capital and regularly competes as the world’s top destination for IPOs. He has dominated the world rankings for seven of the past 12 years.

More than 1,300 mainland companies are listed on the city’s stock exchange, representing around 80 percent of the market capitalization of the Hong Kong Stock Exchange.

Chinese President Xi Jinping on Thursday unveiled plans for a new stock exchange in Beijing during a speech at the China International Trade in Services Fair. Photo: Xinhua alt = Chinese President Xi Jinping unveiled plans for a new stock exchange in Beijing during a speech at the China International Services Trade Fair on Thursday. Photo: Xinhua

HKEX implemented additional reforms in April 2018 to attract pre-approval biotech companies and Chinese tech giants who have registered overseas to conduct a secondary listing in Hong Kong. Examples include Alibaba Group Holding, JD.com, and NetEase. Alibaba is the owner of To post.

The push to improve Chinese capital markets also comes as Beijing announced sweeping changes to add additional oversight on companies that hold the data of a million people or more and wish to pursue overseas listings.

The proposed Beijing Stock Exchange would transform the leading market for NEEQ, also known as the New Third Board.

It would transfer 66 companies from the “selected” level of the new third board – a designation launched last year with more stringent listing requirements – to the new Beijing Stock Exchange. These companies had a combined market capitalization of around 186 billion yuan, the majority in manufacturing.

The select tier accounted for more than half of the 17 billion yuan in sales in July among the 7,304 shares traded across the NEEQ. For comparison, the Shanghai and Shenzhen stock exchanges account for over 1,000 billion yuan in combined transactions every day.

According to investment bank Jefferies Group, this could expand to include other “high-quality” companies in the New Third Board’s so-called level of innovation.

“The new Beijing Exchange will be part of the reform of the New Third Board (NTB), mainly serving innovation-oriented SMEs, and will be based on the selected level of NTB,” said analysts at Jefferies Shujin Chen and Alfred He in a research note. “Like the launch of NTB, this is positive for the brokerage industry in China and slightly negative for HKEX, given the increased competition.”

“The opening of a new stock exchange in Beijing, located in a place where these technological and innovative companies thrive and operate, will give them an additional channel and choice to access the capital market,” he said.

The establishment of the Beijing Stock Exchange is in line with China’s direction and investments in digitization and technological advancement in recent years, said Ivy Wong, Asia-Pacific president of Baker McKenzie’s capital markets division.

“This will certainly add to the diversity of the different listing and trading platforms and collaborations in the region, as we have seen how the exchanges have worked closely together over the past few years,” Wong said, citing the two programs as examples. connection of shares that allow cross-border trade between Hong Kong and the mainland.

This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice on China and Asia for over a century. For more SCMP stories, please explore the SCMP app or visit the SCMP Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.

Copyright (c) 2021. South China Morning Post Publishers Ltd. All rights reserved.



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Do Small Businesses Need an Employee Management System? https://dsmkw07.net/do-small-businesses-need-an-employee-management-system-2/ https://dsmkw07.net/do-small-businesses-need-an-employee-management-system-2/#respond Sun, 29 Aug 2021 07:00:00 +0000 https://dsmkw07.net/do-small-businesses-need-an-employee-management-system-2/ Pasig City Government will implement an Employment Management System (EMS) in its human resources department. Mayor Vico Sotto (who should be our next president) has spearheaded this project to automate office HR transactions and ensure Pasig HR can focus on the development of their employees. . The Pasig city government has nearly ten thousand employees, […]]]>
Pasig City Government will implement an Employment Management System (EMS) in its human resources department. Mayor Vico Sotto (who should be our next president) has spearheaded this project to automate office HR transactions and ensure Pasig HR can focus on the development of their employees. . The Pasig city government has nearly ten thousand employees, and an EMS would go a long way in organizing its HRM. However, what if your business is considered a small business? Is it practical to invest in an HR system if you have less than 100 employees? What if you have less than 50 employees? Before I answer these questions, let me first assess what an EMS can do.

Benefits of EMS

An employee management system is a software tool that helps manage the human resource functions of a business. An EMS performs functions such as payroll automation, performance management, and monitoring of employee work. As a result, having an employment management system can improve workforce management, improve workplace productivity, better monitor employees, and automate HR transactions. Additionally, having an EMS solution removes the burden of manual HR procedures and companies can focus more on critical HR functions of managing and developing their workforce. I see these benefits of having an EMS, especially for small businesses. Most small businesses have a limited number of employees who multitask. In most cases, small businesses do not have dedicated HR employees and assign many responsibilities to HR staff. They would juggle the completion of payroll processes, attendance control, hiring, training and administration of employees. Because of these multiple roles, accuracy sometimes suffers. Additionally, due to this multitasking practice, strategic HR functions such as recruiting strategies and performance management are not being accomplished appropriately. Therefore, by having an employee management system, a company can perform HR functions efficiently. In addition, the employee management system would eliminate the majority of manual HR tasks, making it a useful tool for small businesses.

Obstacle to having an EMS

The main reason small businesses are reluctant to invest in EMS software is due to financial constraints. Due to the limited budget of small businesses, investing in EMS would be their lower priority. A business would have to spend hundreds of thousands of dollars to implement an EMS in their business. The additional cost could be heavy for small businesses, especially during this pandemic. Despite all the benefits that an EMS can bring, investing in EMS software is an expensive undertaking, especially for a small business. Additionally, engagement is also an issue for small businesses when it comes to investing in EMS software. Implementing the EMS is not just a short-term solution in which a business can easily turn back. You will need to migrate your files, invest in IT infrastructure, and train employees using EMS software. Applying EMS is a long-term commitment, and companies wishing to use EMS should expect to use it for an extended period.

Is the EMS good for small businesses?

Using cost-benefit analysis, you need to measure the benefit of your decision and deduce the cost involved in that decision. In other words, you know you’ll make the right choice if the benefits outweigh the costs. For example, having an EMS has many advantages that a business can use. However, investing in an EMS would incur additional costs for a business. This huge investment is the reason why careful planning is needed before making a decision. In addition, a business must consider the readiness of the business. Therefore, a business should consider the financial and operational capabilities of a business before acquiring EMS software. So, do small businesses need an EMS? The answer is that it depends. Having an EMS for a small business depends on the preparation of the business. Yes, there are many benefits that a business can use. However, solving your company’s HR problem isn’t just about setting up an EMS and automating your transactions. A business should carefully plan its strategy before implementing these improvements. Especially for small businesses, an investment like this represents a significant capital expenditure. Therefore, the implementation of an employee management system must precede thorough planning in line with business objectives.

The author is an MBA student at Ramon V. del Rosario College of Business, DLSU. He can be contacted at [email protected]

The opinions expressed above are those of the author and do not necessarily reflect the official position of DLSU, its faculty and its administrators.

DISCLAIMER: Reader comments posted on this website are in no way endorsed by The Standard. Comments are the opinions of thestandard.ph readers exercising their right to free speech and do not necessarily represent or reflect the position or point of view of thestandard.ph. While reserving the right in this post to remove comments deemed offensive, indecent, or inconsistent with The Standard’s editorial standards, The Standard cannot be held responsible for any false information posted by readers in this comments section.


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Do Small Businesses Need an Employee Management System? https://dsmkw07.net/do-small-businesses-need-an-employee-management-system/ https://dsmkw07.net/do-small-businesses-need-an-employee-management-system/#respond Sun, 29 Aug 2021 07:00:00 +0000 https://dsmkw07.net/do-small-businesses-need-an-employee-management-system/ Pasig City Government will implement an Employment Management System (EMS) in its human resources department. Mayor Vico Sotto (who should be our next president) has spearheaded this project to automate office HR transactions and ensure Pasig HR can focus on the development of their employees. . The Pasig city government has nearly ten thousand employees, […]]]>
Pasig City Government will implement an Employment Management System (EMS) in its human resources department. Mayor Vico Sotto (who should be our next president) has spearheaded this project to automate office HR transactions and ensure Pasig HR can focus on the development of their employees. . The Pasig city government has nearly ten thousand employees, and an EMS would go a long way in organizing its HRM. However, what if your business is considered a small business? Is it practical to invest in an HR system if you have less than 100 employees? What if you have less than 50 employees? Before I answer these questions, let me first assess what an EMS can do.

Benefits of EMS

An employee management system is a software tool that helps manage the human resource functions of a business. An EMS performs functions such as payroll automation, performance management, and monitoring of employee work. As a result, having an employment management system can improve workforce management, improve workplace productivity, better monitor employees, and automate HR transactions. Additionally, having an EMS solution removes the burden of manual HR procedures and companies can focus more on critical HR functions of managing and developing their workforce. I see these benefits of having an EMS, especially for small businesses. Most small businesses have a limited number of employees who multitask. In most cases, small businesses do not have dedicated HR employees and assign many responsibilities to HR staff. They would juggle the completion of payroll processes, attendance control, hiring, training and administration of employees. Because of these multiple roles, accuracy sometimes suffers. Additionally, due to this multitasking practice, strategic HR functions such as recruiting strategies and performance management are not being performed appropriately. Therefore, by having an employee management system, a company can perform HR functions efficiently. In addition, the employee management system would eliminate the majority of manual HR tasks, making it a useful tool for small businesses.

Obstacle to having an EMS

The main reason small businesses are reluctant to invest in EMS software is due to financial constraints. Due to the limited budget of small businesses, investing in EMS would be their lower priority. A business would have to spend hundreds of thousands of dollars to implement an EMS in their business. The additional cost could be heavy for small businesses, especially during this pandemic. Despite all the benefits that an EMS can bring, investing in EMS software is an expensive undertaking, especially for a small business. Additionally, engagement is also an issue for small businesses when it comes to investing in EMS software. Implementing the EMS is not just a short-term solution in which a business can easily turn back. You will need to migrate your files, invest in IT infrastructure, and train employees using EMS software. Applying EMS is a long-term commitment, and companies wishing to use EMS should expect to use it for an extended period.

Is the EMS good for small businesses?

Using cost-benefit analysis, you need to measure the benefit of your decision and deduce the cost involved in that decision. In other words, you know you’ll make the right choice if the benefits outweigh the costs. For example, having an EMS has many advantages that a business can use. However, investing in an EMS would incur additional costs for a business. This huge investment is the reason why careful planning is needed before making a decision. In addition, a business must consider the readiness of the business. Therefore, a business should consider the financial and operational capabilities of a business before acquiring EMS software. So, do small businesses need an EMS? The answer is that it depends. Having an EMS for a small business depends on the preparation of the business. Yes, there are many benefits that a business can use. However, solving your company’s HR problem isn’t just about setting up an EMS and automating your transactions. A business should carefully plan its strategy before implementing these improvements. Especially for small businesses, an investment like this represents a significant capital expenditure. Therefore, the implementation of an employee management system must precede thorough planning in line with business objectives.

The author is an MBA student at Ramon V. del Rosario College of Business, DLSU. He can be contacted at [email protected]

The opinions expressed above are those of the author and do not necessarily reflect the official position of DLSU, its faculty and its administrators.

DISCLAIMER: Reader comments posted on this website are in no way endorsed by Manila Standard. Comments are the opinions of the readers of manilastandard.net exercising their right to free speech and do not necessarily represent or reflect the position or point of view of manilastandard.net. While reserving the right in this post to remove comments deemed offensive, indecent, or inconsistent with Manila Standard’s editorial standards, Manila Standard cannot be held responsible for any false information posted by readers in this comments section.


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Silicon Valley to Offer Rental Robots to Small Businesses https://dsmkw07.net/silicon-valley-to-offer-rental-robots-to-small-businesses/ https://dsmkw07.net/silicon-valley-to-offer-rental-robots-to-small-businesses/#respond Fri, 27 Aug 2021 07:00:00 +0000 https://dsmkw07.net/silicon-valley-to-offer-rental-robots-to-small-businesses/ Better technology and the need to pay higher wages to humans have resulted in increased sales of robots to large corporations across America. But few of those automations turn into smaller factories, which are wary of high upfront costs and lack robotic engineering talent. Venture capitalists are therefore supporting a new financial model: renting robots, […]]]>

Better technology and the need to pay higher wages to humans have resulted in increased sales of robots to large corporations across America. But few of those automations turn into smaller factories, which are wary of high upfront costs and lack robotic engineering talent.

Venture capitalists are therefore supporting a new financial model: renting robots, installing and maintaining them, billing factories by the hour or month, reducing risks and up-front costs.

Saman Farid, a former venture capitalist who has invested in robots for over a decade and has seen the challenges of installing robots in factories, created Formic Technologies Rent-a-robot with support from Lux Capital and Initialized Capital, one of the first investors in self-driving. tech startup Cruise.

Initiated Capital partner Garry Tan sees a confluence of cheaper and better computer vision and artificial intelligence technologies, low interest rates and the threat of US-China tensions in supply chains fueling interest in bot subscriptions.

“It’s at the center of three of the biggest megatrends that drive all of society today,” Tan said.

Techs and small business owners don’t always understand each other, a dilemma that led an industry group, the Association for Manufacturing Technology, to set up an office in San Francisco a few years ago to bring the two together.

The rental model places a large part of the financial burden on robot startups that carry the risk of a manufacturer losing a contract or modifying a product. Small factories often have small runs of more suitable products that are not worth a robot. And Silicon Valley Robotics, an industry group supporting robot startups, says funding has been a challenge in the past.

Still, some top investors are on board.

Tiger Global, the biggest funder of tech startups this year, has supported three robot companies offering a seven-month subscription.

Melvin the robot

Bob Albert, whose family owns Polar Hardware Manufacturing, a 105-year-old metal stamping plant in Chicago, bought the Formic land to pay less than $ 10 an hour for a robot, compared to more than $ 20 in the hour for its average human worker. This month he saw a robot arm pick up a metal bar from a trash can, spin it, and place it in an older machine that folded it into a 42-inch doorknob.

“If the robot works really well, we’ll use it a lot,” said Albert, pleased with the early results. “And if that doesn’t work, neither of us is doing very well. We have less skin in the game and they have a little skin in the game.

Westec Plastics Corp, a family-owned plastic molding plant in Livermore, Calif., Got its first robot in January 2020 and now has three – named Melvin, Nancy and Kim – from Rapid Robotics which charges $ 3,750 per month per robot. the first year and $ 2,100 from the second year.

“Melvin is running around the clock, all three shifts, and that has replaced three full operators,” President Tammy Barras said, adding that she saves about $ 60,000 in labor costs per year with just one. robot. “We had to increase our salaries quite significantly this year because of what’s going on in the world. And luckily, Melvin didn’t increase his rate of pay. He’s not asking for a raise.

Barras, who has 102 employees, says robots cannot replace humans today because they can only perform simple, repetitive tasks, like picking up a round plastic cylinder and putting the company logo on it. good side.

Jordan Kretchmer, co-founder and CEO of Rapid Robotics, said he encountered some skepticism. “A lot of times we have walked in and there is a graveyard of robots that they bought in the past,” he said. But he added that “robots can be easy and they work when they’re in the hands of the right people.”


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Over time, it will be more difficult for small businesses to compete in the game https://dsmkw07.net/over-time-it-will-be-more-difficult-for-small-businesses-to-compete-in-the-game/ https://dsmkw07.net/over-time-it-will-be-more-difficult-for-small-businesses-to-compete-in-the-game/#respond Tue, 03 Aug 2021 07:00:00 +0000 https://dsmkw07.net/over-time-it-will-be-more-difficult-for-small-businesses-to-compete-in-the-game/ Speaking to investors on the company’s first quarter 2022 earnings conference call, Take-Two CEO Strauss Zelnick addressed the topic of mergers and acquisitions (M&A) in the games industry. The CEO of Take-Two admitted that a few opportunities had been missed, obviously referring to Codemasters, which the company attempted to buy before Electronic Arts stepped in […]]]>

Speaking to investors on the company’s first quarter 2022 earnings conference call, Take-Two CEO Strauss Zelnick addressed the topic of mergers and acquisitions (M&A) in the games industry. The CEO of Take-Two admitted that a few opportunities had been missed, obviously referring to Codemasters, which the company attempted to buy before Electronic Arts stepped in and got the deal for a whopping $ 1. , $ 2 billion.

We haven’t seen any change in the market yet. And valuations remain frothy, I think because of the growth of the sector and the enthusiasm around the sector. However, our discipline has really borne fruit over the past 14 years, it’s wood, we have not made a failed acquisition. Our acquisitions pay off, usually right away. Sometimes it can take a little while. But we are happy to have made all the agreements that we have made. We missed a few that we would have liked to have done, but frankly, not that much.

Take-Two CEO Strauss Zelnick also suggested that it will be increasingly difficult for small businesses to compete in the future.

Take-Two Interactive has filed a lawsuit against the team that reversed Grand Theft Auto 3, Vice City

I think you raised a good point, which is that over time it will be more difficult for small businesses to compete in space. And I think it will be true, the answer will be yes, both on the mobile and on the console, the necessary resources are important. The risk profile is important. And, the story of the entertainment industry is that over time, those who are very creative become very successful. Those who succeed get bigger, those who are bigger have the opportunity to acquire smaller businesses. And as long as the focus remains on creativity, innovation and efficiency, and as long as the culture that made the company successful in the first place is maintained. There is an opportunity for continued success, even with a ladder. And that’s certainly how we see ourselves and how we see our future.

It’s likely that Take-Two’s CEO isn’t really referring to independent developers, as this slice of the market is stronger than ever. In all likelihood, Zelnick referred to the AA or midrange, which is indeed slowly being eaten away by bigger companies like Microsoft, Sony, Tencent, and Embracer.

Credit for citations goes to Seeking Alpha.


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