Monday, May 18, 2020

How is COVID-19 affecting real estate?

Virtually every industry in America has been affected by COVID-19, including real estate. The pandemic has caused serious hardships for most people, clipping their ability to earn income regularly. Likewise, business owners have to dig deep into their savings just to prevent bankruptcy. Thankfully, the government is coordinating with agencies to mitigate the effects of the pandemic on our economy. But unlike most sectors, real estate is often the most volatile during economic hardships, according to Steven Rindner. How is COVID-19 affecting real estate?

Image source: torontosun.com

Image source: woodfloordoctor.com
Decreased number of buyers: In a recently released study by the National Association of Realtors, 78% of realtors reported no change in buyer behavior. However, 16% have lost interest in buying properties during this period. But by March 16, many realtors claimed that buyers suddenly lost interest in purchasing residential properties. In heavily hit areas like New York, open house attendance has dropped significantly.

Diminished transactions: Because of the lockdown and orders to stay at home, fewer properties have been closed by realtors. Not only this, but the entire process of buying real estate had also been affected by these changes. This includes appraisers and inspectors being unable to do their jobs properly, and realtors holding tours and open houses.

Uncharted territories: Because of how unprecedented this outbreak has become, more and more buyers are choosing to hold on to their money right now. According to Steven Rindner, fear of getting sick and needing funds for possible healthcare expenditures. With the increasing cost of healthcare today, this mindset cannot be helped.

A graduate of the University of Delaware and St. John's University School of Law, Steven Rindner has served in various companies across different industries. He is also a fan of marathon running. For more information about Mr. Rindner, visit this page.

Monday, April 27, 2020

The profitable structures in the realm of commercial real estate

The greatest commercial real estate moguls have a few things in common, one of which is that they know what kind of building they want to build. Some investments are more profitable than others.

Image source: Institutionalinvestor.com

Image source: dw.com
On that note, Steven Rindner shares the profitable structures in commercial real estate.

Office buildings: Office buildings have always made real estate investors a lot of money. From low-rise structures to skyscrapers, companies rent out spaces at incredible prices. The better the location, the bigger the profit.

Malls: Of all the retail buildings, the mall has risen to be the king in terms of profit. Today, malls have gone on to be superstructures that span hundreds of thousands of square feet, housing hundreds of stores that pay top dollar for rent.

Hotels: The greatest structures of the hospitality industry, hotels are as strong as ever, even with alternative means of accommodations opening up such as B&Bs and hostels. Every year, millions of tourists visit an area just to stay in a hotel or resort.

Warehouses: Harris Scott Kreichman mentions just how underrated warehouses can be. First off, they are not as expensive to build as other structures on this list. Because of this, profits for renting out warehouses can be through the roof.

A graduate of the University of Delaware and St. John’s University School of Law, Steven Rindner has served in various companies across different industries, real estate included. He is also a fan of marathon running. Visit this page for similar reads.

Monday, March 16, 2020

An exploration of the benefits mixed-use properties

While mixed-use properties have been around for decades, perhaps even centuries, it hasn’t experienced the popularity it does nowadays not just in real estate developers and investors’ circles, but also with everyone else. For this blog, Steven Rindner focuses on some of the main benefits of mixed-use properties.

Image source: probuilder.com

Image source: landscapeaustralia.com
Flexibility for sellers and investors: Real estate agents have quite a flexible experience selling mixed-use properties as it can appeal to people looking for either commercial or residential spaces. Planning mixed-use property construction is also quite attractive to investors because of the potential profit and more diverse portfolios.

Cross-appeal for residents and tenants: Mixed-use properties are appealing to residents because of the proximity of many businesses. Whether it be restaurants or shops, residents see these establishments being close to where they live is a huge bonus as they no longer need to travel that far. For business owners, residents living just above their places of business represents a whole new market.

Sustainability for office workers: People who both work and live in a neighborhood filled with mixed-use properties know all too well the convenience of simply walking to one’s office. It eliminates the need for using the car or commuting. It’s also good for one’s health and great for the environment.

What about you? What other benefits can you think of that mixed-use properties bring to the table? Feel free to share your thoughts with Steven Rindner in the comments section below.

A graduate of the University of Delaware and St. John’s University School of Law, Steven Rindner has served in various companies across different industries, real estate included. He is also a fan of marathon running. Visit this page for similar reads.

Tuesday, February 18, 2020

How do health economists impact the healthcare sector?

Economists are often the ones who dictate the prices of commodities based on complex equations and realities like current prices of goods, and the remaining stock of raw materials. The same can be said about the healthcare industry. While people are claiming that the United States has one of the most expensive healthcare systems in the world, health economists can justify the prices. According to Steven Rindner, health economists help determine prices across the healthcare sector. Here are some examples of the goods they impact.

Image source: verywellhealth.com

Image source: clevelandclinic.org
Medical services

Hospitals, clinics, and other healthcare facilities all offer services. Medical treatments, consultations, hospital stays, emergency room admittance, and therapy sessions are just a few of the many services hospitals have to offer. Of course, physicians have to be paid, as well as the support staff. Likewise, utilities have to be managed. Health economists help hospital management come up with reasonable rates to charge patients to keep the hospital afloat.

Pharmaceuticals

While the pharmaceutical industry is one of the biggest moneymaking businesses in the US today, health economists are actively trying to curb practices that allow business owners to exploit the prices of key products like EpiPen. For example, in the US, generic EpiPen can cost up to $300 while in the UK, a single dose goes for about $40. Besides prices, Steven Rindner states that health economists also conduct behavioral studies on smoking and vaping, fasting and diets, and other health-related activities.

Steven Rindner is a business executive with a strong background in business development and growth strategy in media, technology, real estate services, and healthcare. For similar reads, visit this blog.

Monday, January 20, 2020

The incredible collaboration between healthcare and technology

With Industry 4.0, the Internet of Things, and all the other technological advancements and milestones the world has witnessed in the past three decades, it has taken along almost every industry for an unbelievable ride on the path towards progress. Perhaps, one of the most evident effects of IT and technological evolution can be seen in the healthcare industry, according to Steven Rindner.

Image source: managedhealthcareexecutive.com

Image source: wecarerecruitment.com.au
In the healthcare industry, technology has evolved to a point where automation of operations, digitization of data, and the instant communication between healthcare professionals and patients are not just possible, but they are considered normal.

The key here for many healthcare establishments and professionals is having a strong and reliable IT infrastructure. Fortunately, hospitals, clinics, and other healthcare institutions have already recognized the need for a sound IT infrastructure and have installed the proper hardware and software for optimum use.

The benefits technology has given the healthcare industry, though massive, are also just the tip of the proverbial iceberg. Steven Rindner agrees with many IT experts and medical professionals that ease of communication and digitization of files will inevitably lead to increased efficiency in many facets of healthcare, which include training, diagnosis, surgery, and many more areas.

However, the advancement of technology in the healthcare industry doesn’t mean that robots and computers will be replacing workers. There are still things that humans can do that hardware and software cannot. That said, the sky’s the limit once healthcare professionals master the best of what technology can offer.

Steven Rindner is a graduate of the University of Delaware and St. John’s University School of Law. He is now a business and corporate development executive with experience in media, technology, real estate services, and healthcare businesses. Follow this page for more on Steven and his interests.

Thursday, December 12, 2019

Keeping the pace: How Eliud Kipchoge ran a sub-2-hour marathon

On October 12, 2019, Eliud Kipchoge did what most runners thought to be impossible: running a sub-2-hour marathon. This historic run was made during a marathon in Austria with a record of 1:59:40.2, the fastest record today. According to Steven Rindner, while the feat in itself was inhuman, there are those who insist that this was not a world record.

Image source: nbcnews.com

Image source: irishtimes.com
The 34-year-old Kenyan runner made the record thanks to an entire team of rotating pace setters, a car that used laser guidance system that indicated the best place to run in the road. According to some professionals, these are advantages that a regular marathon runner would not have. During the run, Kipchoge ran a kilometer for every 2:48 – 2:52.

Kipchoge did not simply breeze through the 26 miles as he felt the pressure of his run. Supported by fans all over the world, even receiving a call from the president of Kenya before the race, Kipchoge brushed aside his pacemakers in what he calls the toughest race of his life.

In 2018, Kipchoge made his best record at the time in Germany, finishing at 2:01:39. The next closest record belonged to Haile Gebrselassie of Ethiopia back in 2008 with a record of 2:03:59.

According to Steven Rindner, the use of technological advancement in sports cannot be avoided. Even if the use of these luxuries disqualifies Kipchoge from any record, it was still his own two feet that crossed the finish line with a record the world will not forget.

A graduate of the University of Delaware and St. John’s University School of Law, Steven Rindnerhas served in various companies across different industries. He is also a fan of marathon running. To know more about Mr. Rindner, visit this website.

Monday, November 18, 2019

Marathon 101: Setting a winning pace

Eliud Kipchoge’s spectacular sub-2 marathon stunned the world. It was one of the most incredible, if not, the most incredible track and field feat ever achieved in history. And while some people may argue its legitimacy with all the technicalities involved, Steven Rindner believes that at the core of Kipchoge’s run was a pace unlike any other before it.

Image source: athleticsweekly.com

Image source: yahoo.com
Completing the marathon in itself is already a feat that not too many people can boast of. To do it in under two hours is something beyond most people’s wildest dreams.

While Steven Rindner explains that Kipchoge’s record may stand for decades to come, runners may still learn a lot from it. As mentioned earlier, one of the main factors in Kipchoge’s epic run was his pace.

But how can a person increase his pace for a run?

Steven Rindner notes that pacing while running is as much mental as it is physical. First, people have to establish a steady rhythm in their heads while running. That consistent beat allows a person to cover vast distances without pushing himself.

Next up, and this is important, especially during races, runners shouldn’t increase their pace during the first half. The early part of the race should be covered through a relaxed speed. When they reach the halfway point or even ¾ for some, that’s when they should run faster.

Read more tips on marathon training by checking out this Steven Rindner blog.

Wednesday, December 5, 2018

Why gamification is a good workplace strategy

Making the workplace more fun and competitive is not a really a new concept. But given the many new technologies in the digital age, it’s easier now to recognize gamification as a viable workplace strategy. Sales are boosted, for example, by creating a healthy competition among your staff, premised on a nice incentive or improved commission.

Image source: lagamification.com
More and more gamification techniques are becoming available in real time. These are contests designed for everyone and the spirit of competition. You can cultivate such a culture in your office by considering even minor-prize events like having customer feedback become a basis for rewarding your customer-facing staff or offering prizes to employees in the back office who can quickly reduce accounts receivable within a given period.

Keep in mind that every job position can be better measured, and workload further improved with these small gestures of fun. You get your staff to mingle and interact among themselves, which is always a great way to boost productivity. Set up regular gamification undertakings and aim for better incentives and more creative prizes.

Image source: medium.com
Lastly, gamification won’t be very effective if management is not on top of things. Ensure leadership’s full awareness of the ongoing competition and announce standings in real time, whether verbally, via email, or through screen postings all over the office. Update these as needed to motivate your team more to attain increments of successes, which are ultimately beneficial both to their work habits and well-being and your office efficiency.

Steven Rindner is a graduate of the University of Delaware and St. John’s University School of Law. He is now a business and corporate development executive with experience in media, technology, real estate services, and healthcare businesses. Follow this Twitter page for more business tips and insights.

Thursday, November 15, 2018

Top non-running exercises for runners

Relying on running to build muscles fit for a marathon will take a lot of time to accomplish. Building and strengthening specific muscle groups is necessary to avoid injuries or make sure that your body is strong enough to withstand everything a marathon can throw at you. Here are the top on-running exercise runners can do while training for a marathon.

Image source: zoomzee.org
Planks

Planks are great at working several groups of muscles at a time, the most basic one already targets your core, lower back, and shoulders. They are great for building endurance, stretching out tired muscles, and improving flexibility. It’s also a great way to fix improper posture.

Russian twists

Russian twists target your obliques and your abs. Having a strong core helps runners by stabilizing their balance, posture, and overall control. This prevents unnecessary movements which use up energy which marathon runners need to conserve during the race.

Image source: menshealth.co.uk
Back extensions

Back extensions work your lower back, glutes, shoulders, and your middle back. Strengthening the lower and middle back equates to better shock absorption for your upper body. For a lot of people, standing for an extended period already gives them back problems. Running for a few hours is impossible with a weak back.

Overhead forward lunge

This workout develops your quadriceps, hamstrings, glutes, shoulders, and your core. This muscle-building routine targets key areas in the legs, upper, and midbody that are usually strained during a marathon. Toning your leg muscles also helps lengthen your stride and improve single-leg balance.

Steven Rindner is a business and corporate development executive with an experience in media, technology, real estate services, and healthcare businesses. He is also a marathoner. For more reads about running, visit this blog.

Friday, November 2, 2018

The importance of pace for long distance running

Image source: athleticsweekly.com

It’s often been said that in marathon running, pace is everything. While this is an exaggeration, there is still a substantial amount of truth to it. One of the most important skills a marathoner needs to develop is pacing. The best marathoners know this all too well.

How often have we seen a thrilling end to a marathon wherein two or three competitors take over the race in the final half-mile? It’s happened more times than anyone can care to admit, that at the final stretch, marathoners sprint. After all those miles spent running, they wouldn’t be able to have that one final burst without pacing.

Image source: twooceansmarathon.org.za
But pacing isn’t just for that final explosion. It’s also important to keep one’s body in tune with the race, throughout the first 90 percent of the marathon. Pacing involves more than just the speed of running. It also includes breathing techniques and mental focus.

Go too fast and the body will run out of oxygen, the lungs will tire out, and the muscles start to cramp. Go too slow and risk finishing last. Pacing is what dictates a marathoner’s performance. There needs to be a natural rhythm with a slightly varying tempo, which marathoners need to adapt, depending on several factors that include the point of the race, the weather, and the elevation of the race location, among others.

Conserve and spend energy wisely. Those are the basics of pacing.

A graduate of the University of Delaware and St. John’s University School of Law, Steven Rindner has served in various companies across different industries. He is also a marathoner. To know more about Mr. Rindner, visit this blog.

How to recover properly after running a marathon

 It’s not every day that you run 42 kilometers. Running a marathon takes months to prepare for, and the toll it takes on your body can be severe. That’s why recovering correctly is crucial for runners if they want to join the next race. Not taking care of your body after a run can lead to structural, fascial, and metabolic problems that can derail your training for months. Here are some steps on how to recover properly after a marathon.

The first thing you need to do after a marathon is to take a bath. Hygiene is important for obvious reasons, but cleaning yourself after a grueling run can quickly hydrate your skin and prevent yeast infection.
Image source: 80percentmental

Make sure you have a protein-rich meal and a right amount of sleep after completing the marathon. And as much as you are tempted to take a light jog or a run the next day, save it for the day after that. Your body needs to rest. However, being active on the second day after the marathon is necessary as circulation can do wonders in helping your body recover.

If the marathon was particularly challenging and you feel like you’ve exceeded your limits, it’s a good idea to see an Active Release Technique therapist. While running a marathon, it is possible that certain parts of your muscle groups break down, leaving your body asymmetric in a sense. These therapists can help you regain that symmetry as well as treat other injuries you could have gotten during the race.

A graduate of the University of Delaware and St. John’s University School of Law, Steven Rindner has served in various companies across different industries. He is also a marathoner. To know more about Mr. Rindner, visit this blog.

Thursday, August 23, 2018

What types of nutrition to take when training for a marathon?

Marathon is a vigorous sport. And training for it and the race itself is physically taxing. Therefore, proper nutrition should be followed to prepare the body for conquering 26.2 miles. Discussed below are what the body needs when training for a marathon: 

Image source: bmovanmarathon.ca

Carbohydrates 

The most important macronutrient required in long-distance running is carbohydrates for it is the body’s primary source of fuel. The recommended amount of carbohydrates is 7 to 10 grams for every kilogram of body weight. However, the type of carbohydrate is also important. To be specific, complex carbohydrates, such as whole grain bread or pasta, brown rice, and low-fat dairy foods, should be consumed. 

Protein 

Running long distances and periods makes extensive use of the various muscles in the body. To promote growth and repair of the muscles, protein is essential. When training for a marathon, around 1.2 grams of protein per kilogram of body weight is the recommended consumption. 

Fats

Marathon is all about endurance. And to help the body improve its endurance, fats are beneficial. Fats slow down the depletion of the muscles, allowing a marathoner to cover more distance when running. The right form of fat, though, should be consumed. Examples of sources of healthy fats are avocado and nuts. 

Image source: alimentarium.org

For more tips on training for marathons, follow this Steven Rindner blog.

Sunday, June 10, 2018

How To Train For Your First Marathon

So, it’s finally happening: you’re joining your very first marathon, and it’s one of the biggest physical challenges you’ve set for yourself to test those limits or go the distance – quite literally. But how do you properly prepare for a marathon and stay motivated to do well?

Know the different kinds of marathons

The distance may be well-established, but marathons could range from low-key community races to much-celebrated ones that see thousands of spectators. It may be best to choose a marathon that’s close to home, as it will entail running on familiar roads and routes. To identify what you want, run a few shorter races with a friend or volunteer at marathons.

Find the right training plan

Image source: Pixabay.com 
Follow a plan that will help you slowly build up your mileage and endurance while integrating enough rest to avoid injuries. This plan will consider your background and experience and will make room for enough recovery time so as not to get to the finish line beat up (or worse, not get to it at all). 


 

Know the four building blocks of training

Base mileage is about building your weekly mileage over time, such as running three to five times a week. The long run, on the other hand, is done every seven to 10 days to help the body adjust gradually to long distances. Then there’s speed work or practicing intervals and tempo runs to fortify cardio capacity, and then rest and recovery to prevent injury as well as mental burnout.

Have the right equipment

Image source: Pixabay.com
Choose running shoes that are light, flexible, and comfortable. Go to specialized stores for advice and try on several different pairs. Get high-quality socks, too, for optimal protection. Prevent blisters by applying a thin layer of Vaseline on your feet.

Build mental toughness

Mental preparation is just as important as physical preparation, so build your confidence by achieving good results in training runs and tune-up races. Use maps or see the course for yourself and try to be as relaxed as you can on race day. Have fun!

Steven Rindner is a business and corporate development executive with expertise in media, technology, real estate services, and healthcare businesses. More articles like this on this page.










Tuesday, May 22, 2018

Real Estate Marketing Ideas Through Social Media

Gone are the days when all property listings were found in printed materials. Nowadays, people are more likely to go online than to look at printed ads. And since putting up ads and information online is so cheap and easy, everyone is doing it. Though social media is available for everyone to use, taking advantage of certain strategies can give one distinct advantage in this playing field. Here are some great marketing ideas for real estate through social media.

Image source: titlequest.net

In this search engine driven market, choosing the right words can make or break a sale. Be smart when making titles. When doing so, think about what your potential client will be typing in the search engine and use those. 

The people who visit your website might not be the one to invest in your real estate, but they might know someone who could be interested. By making it easier to share materials like images to social media, viewers can easily share what they find with friends or family who are looking for real estate. 

Lastly, the all-powerful Facebook is a door to many opportunities. Think about creating your own company page and participate in groups within the locale of your company or the properties you are selling. 

Image source: deltamediagroup.com

Steven Rindner was the practice director for Perfect Sense Digital, where he developed and executed business strategies for clients such as The Chronicle of Higher Education, VetStreet, and Besins Healthcare. He also served as executive vice president of Kastle Systems International, senior vice president at Citigroup, and senior vice president at AOL. For more insights on real estate, follow this blog.

Wednesday, May 2, 2018

Technology’s Possible Role In Real Estate Development

People have said time and again – real estate is the best business there is. This is true. People will always need space, whether to live in or to work. That being said, the real estate industry is immense, with countless moving parts. For today, let’s focus on real estate development and the impact technology will have on it in the years to come.

Image source: Guardian.co.uk

First of all, traditionalists shouldn’t worry about technology changing the landscape of real estate. Tech only facilitates its internal workings. For real estate developers, new tech presents new ways to develop and market properties.

Nowadays, virtual tours of homes, apartments, condominiums, hotels, malls, and other properties, even before these structures are built, are available to investors and buyers. This has never been done before. Sure, there are scale models built by architects for people to check out, but never with virtual tours.

Real estate developers know only too well how hectic their days can be. Mobile technology has all but assured developers that they can work on a project from almost anywhere. Developers can check projects real-time with foremen live-streaming the construction, especially if they (developers) need to be somewhere else.

The construction of a project itself has already benefited from technology as more machinery is built and developed, and new construction techniques have allowed for the quicker completion of projects.

Image source: Tweakyourbiz.com

Can you think of any other technological advancements that can help in real estate?

Steven Rindner is a results-oriented executive with a strong background in business development and growth strategy across a number of industries including media, technology, real estate services, and healthcare. To learn more about his professional work, visit this page.

Monday, April 9, 2018

Three More Future Trends In The Real Estate Industry

Nowadays, it seems, everywhere you look, there’s a gadget that resembles something from a science fiction movie. That’s how much technology has advanced in the past few years. Almost every industry has benefitted from this, including real estate. Below are some of the trends the world of real estate may be taking on in the next few years. 

Image source: washingtonpost.com
 
3-D printed housing

There are a few technological advancements that turn more heads than 3-D printing. The 3-D printers of today can create anything from an entire living room to a car. But the buck doesn’t stop there. There are companies in Asia and Europe that are preparing large-scale 3-D printing. And what do they have in mind? Houses. In fact, in China, 3-D printing has already been used to create a few buildings with materials recycled from construction waste.

The new suburb


Suburbs have always been a haven for families. Nowadays, urban planning is taking it a step further by constructing homes and apartment and condominium complexes that would house more families but at the same time, creating more space for people to move around. If that seems contradictory and an impossibility, it has already been done in many places around the world.

Fitness

With more and more people becoming health-conscious, several real estate developers plan to create living areas that come with world-class gyms. Not only that, even outdoor amenities such as artificial hiking and biking trails are being given some thought to foster a more active lifestyle among residents.

Image source: therealdeal.com
 
Steven Rinder is a business and corporate development executive with experience in different fields, including real estate. He is also a running enthusiast. To learn more about Steven and the stuff he’s passionate about, check out this Google+ page.

Thursday, November 30, 2017

Common mistakes to avoid when training for a marathon

The last thing any runner wants to happen during a marathon is to not finish the race due to fatigue or injury, which is why training should not be taken lightly. Unfortunately, some people commit mistakes that prevent them from training correctly, resulting in unsatisfactory performances in marathons. 

Image source: hellomagazine.com

Here are some examples: 

Using an arbitrary goal time 

Oftentimes, those in marathon training fail to create a solid plan that centers on a goal time based that is realistic, reachable, and corresponding to their abilities and fitness levels. Running at a feel-good pace can prohibit the right kind of training for a marathon – one that must help the body cope optimally with the rigors of the endurance race. Pacing should also be practiced; thus, the goal time has to gradually increase over time. 

Improper nutrition intake 

Another important item in training for a marathon is establishing a right nutrition plan. Runners do not just have to determine what their diet would be while in training, but they also have to mimic their race-day nutrition strategy at least once during the training. This way, if there are issues in cramping, bonking, and even bathroom visits, they can tweak and adjust the plan accordingly. Furthermore, there must be a proportional increase in nutritional intake whenever mileage and intensity are also increased during the training. The calories-in versus the calories-out difference should be monitored diligently. 

Image source: r4yl.com

Read more tips on marathon training by checking out this Steven Rindner blog.

Monday, October 30, 2017

Effective social media strategies for startups

The usual dilemma of most startups is prioritizing which comes first: the money or the marketing. And there’s no easy answer to this. Startups need customers to make money and vice versa. But without a solid marketing strategy, the small business might just as well be non-existent to most customers. Here is where turning to social media helps tremendously. 

Image source: marketinghub.today

Social media is increasingly being seen as a promising and effective marketing tool for big business leaders and startups managers alike. To maximize its use, one should first develop a marketing plan. Without which, all social media activity will fall flat. Establish a goal and supporting metrics to measure whether what you’re doing is successful is not. Before that first Facebook post or Twitter tweet, know the outcome you have in mind and possible humps on your way there. 

Secondly, take advantage of team play. You are in a good position as a startup to have your employees contribute to your marketing efforts via social media. It empowers them, too. Having brainstorming sessions with the entire team can lead to grand ideas for blog posts, tweets, and status updates. Consider this: 70 percent of customer brand perception is based on experiences with people. Startups that encourage their employees to publicly engage customers on social media will edge the competition in terms of reputation-building. 

Finally, startups should harness consumer-to-consumer recommendations. This can be done in a handful of ways, like directly asking for referrals among your most-satisfied customers, building a highly visible community through webinars and crowd-sourced content, and offering incentives for referrals such as rewards points or percentage discounts. This can even be the beginning place of future influencer marketing. 

Image source: yostartups.com

Steven Rindner is a business and corporate development executive with experience in different fields. Drop by thisblog for more similar reads.

Saturday, September 30, 2017

Knowing what it takes to add more value to customers

In this day and age, defining the customer base and knowing what it takes to satisfy their demands rule business consciousness. Consumers have been shown to be more exacting when it comes to their needs and what they get from companies they continually patronize.

Image source: pixabay.com

Keeping existing clients engaged and contented is ultimately more profitable than investing in new leads. Businesses should learn how to be mindful of people who have been with them from the beginning, believing in their products and ideals. Giving customers more value for their money can be tough, but it’s a conundrum that sustains business. 

Continuously placing a premium on what the customers need primarily drives business creativity. It is always advisable for firms to find more information about their customers, not just for marketing purposes but chiefly to lend their personal touch and maintain their satisfaction past product or service purchase. 

Customers also appreciate being informed and updated about developments and changes related to the products and services they bought. Company communication doesn’t always have to harp on making a sale. Clients will stay loyal if they feel they are an integral part of the business. Following up on their requests and questions promptly might be time-consuming, but it is one of those basic services that should be in place if one hopes for constant patronage.

Integrating new technologies in corporate communication and customer service to augment customer involvement and satisfaction can also add value to customer experience. By making it easier for them to get in touch, receive timely replies, and interact with on-the-go platforms and solutions using their preferred medium, companies are able to provide the most valuable clients topnotch service.

Image source: pixabay.com

Steven Rindner is a business and corporate development executive with a strong background in business development and growth strategy across a number of industries including media, technology, real estate services, and healthcare. To get similar updates, visit this page.

Wednesday, August 30, 2017

Disruptive technologies that are out to change the future of business

The business world relies on transactions that involve the consumers in an ever-changing flow of exchanges. Economies can only truly thrive if they consider the inevitable and significant changes that processes go through when new technologies are introduced. Companies that can’t keep up with the demands of the public and adopt current innovations wouldn’t be able to survive the challenges of the 21st century. Disruptive technologies have been influential in shaping businesses and redirecting their priorities. They have promoted a variety of practices that coincide with newer methods of conducting operations, creation of previously untapped markets, and others. 

Image source: pixabay.com

Probably one of the earliest disruptions the business world experienced is the sudden necessity for companies to explore platforms for mobile and wearable tech. The ubiquity of smartphones and wearables in the last few years started widespread development of apps, products, and other mobile avenues for performing business deals, transactions, services, and whatnot. Nowadays, it is not enough that firms have an online presence. They have to provide a mobile, on-the-go solution for their customers who spend most of their time glued to their phones. Mobile payment systems and digitally stored identification details may soon find a deeper integration into business activities. 

Some people might think that artificial intelligence is still largely sci-fi stuff, but the truth is some web and mobile functionalities already use some type of artificial intelligence to learn about the ways people interact with their devices, the purchases they make, and virtually all decisions that connect people with the surroundings. The Internet of Things is another extension of such functionality that promises deeper connectivity and automation.

Image source: pixabay.com

Steven Rindner is a business and corporate development executive with expertise in business development and growth strategy across a number of industries including media, technology, real estate services, and healthcare. To learn more about his professional work, follow this Twitter account.