Nov 05

Top Tips to Choose the Best Connectors

From smart phones to sophisticated machineries that manufacture them, you can find an electrical connector in many forms. If you are an electrical industrialist or purchase engineer, it is essential to have some key factors in mind before making your final choice.

Here are a few essential aspects to check while choosing a connector:

Power

Power of the connector is a determining factor. The market offers a wide range of connectors with different power-ratings. Identify your requirement and choose the one that meets the purpose.

A low power variant may not give you the expected efficiency and on the other hand, a high power connector can even damage the entire system.

Density

The density of a connector is yet another influential factor in the present day. The higher the connector density, the more compact your machine design will be. This is especially important in case of complex machineries. In order to keep it solid at the same time give exceptional performances, it is essential to choose a high-density connector.

Temperature Resistance

Another important feature that adds to the quality of a connector is its capacity to withstand high temperatures. Most of these connectors are used in intricate machineries and they undergo immense heat exposure during their functioning. High-end connectors are often passed through multiple levels of testing to ensure its temperature resistance.

Speed

The transmission speeds of connectors are quite significant for their overall performance. Many of the latest connectors ensure to meet high transmission speeds. ExaMAX High Speed Backplane Connectors are one of the best you can get in the market these days.

Mating Features

The mating features of any connector play an important role in determining its performance, quality and durability. Before you choose your connector, ensure that you scout through specifications to analyze its mating features. The angle of mating, the number of mating cycles, etc. will be clearly mentioned in the specifications, which help to find the one matching your requirements. Mating cycles are especially important for connectors that are mated and unmated frequently. For a USB connector the mating cycles will be in thousands where as for a board to board connector will have a lesser mating cycle.

Nov 05

Catering Your Business Meeting

Business meetings can be tedious affairs, often taking up a lot of the day, but they are also the place where things get decided and offer a chance for team members to input their ideas over new products or services. The business meeting may elicit groans from those who have to partake, but they are a necessary evil. Instead of brown bagging it, what about a catered meeting that will give everyone something to look forward to and bring people together again in a less formal way–as they eat?

Most catering companies will have a dedicated menu specifically for the corporate world. They include things that can be eaten on the go, or hand held and of course they will also cater to sit down lunches or dinners as well, depending on your needs. The best part about having your lunch catered is that it arrives ready to eat when you want it to, no one has to leave the meeting to make or put the food out. It also doesn’t matter where you meeting is taking place. Your boardroom, outside or at a client’s place, it doesn’t matter to the caterer as it is their job to take your order to you at the specified time and location.

Catered food is known to be of high quality, because with so many caterers around, no one would ever order from one that had a bad rating either online or by word of mouth. You can also customize your menu to suit a specific theme or to avoid certain allergens that may make some people ill and of course there will be plenty of food to go around, and beverages like coffee and tea are usually also included in the fee.

About the fee–catering your office meeting is cheaper than you may think. It is hassle free for you and your employees of course but it is also better than asking your associates to bring out their own food at the appointed time. This means they’ll sit where they are and eat, but with a catered meal they will get up, fill their plates, chat with each other and eat in groups which is more conducive to the meeting’s overall feel once you get back at it after your lunch break.

Nov 05

7 Tips To Choose An Automation Tool For Your Business Growth

Nowadays, businesses need automation tools to save time and money. As a matter of fact, automation tools bring a lot of efficiency and effectiveness. That is the reason, they are all the rage these days. Before you choose an automation tool for your business growth, make sure you consider a couple things. Given below are a few factors to consider when choosing a marketing automation tool. Read on to know more.

1. Ease Of Usage

Ease of usage and flexibility are the two factors that can affect the performance of the tool. Apart from this, since organizational needs continue to change with time, the tools they need should be user friendly and flexible.

2. Portability

The second most important factor that you should consider is portability of the tool. Actually, this is all about how and what you are going to do is the maker of the tool goes out of business. Apart from this, making sure that the tool is portable can make it easier for you to deal with cost reduction requirements, requirement changes and performance issues, just to name a few.

3. Reporting

Good businesses have goals that are measurable no matter what they do. The same applies to marketing whether it is a modern approach or native approach. If you look at the reporting feature of the automation tool, you will save you from a lot of troubles down the road.

4. Interoperability

Make sure the automation platform can be integrated with the other tools used in your organization.

5. Mobility

Nowadays, mobile phones are used for almost everything. When choosing an automation tool, make sure you consider the mobility factor as well. this will help you greatly in the long run.

6. Customization Or Adaptability

Automation tools that are sold online have standard features. And you need to customize these tools so that they can meet the needs of your organization. So, make sure that the provider is open and adaptable. Besides, the tool should be easy to customize. If the tool can’t be customized, you will be unable to use it down the road. So, you may want to ask the provider of the tool if it can be customized.

7. Cost

There is no doubt that the tool should be reasonably priced. Often, people make their selection decision based on the cost or price alone, which is not a good idea. What you need to do is look at the RIO while choosing a tool. If you are looking for a basic tool with basic features, you won’t have to pay a lot of money. But if you need one with a lot of advanced features, be ready to pay a bit more money. We suggest that you look at the needs of your business to choose a tool that can best meet your needs.

Nov 05

Pricing Strategy – What It Is?

Product pricing is a major and vital focus of market research. The idea is not to find what consumers like, but to establish what they are willing to pay for any given product or service. Then researchers use that information to establish a price tag that is ideal for maximizing the profit for that product or service. There are four primary methods researchers use to establish this ideal price tag: Conjoint Analysis, the Brand-Price Trade-Off, the Gabor-Granger technique, and the Van Westendorp Price Sensitivity Monitor.

What consumers are willing to pay is not the only consideration in pricing strategy. The market you are in and the cost of production are also important considerations in establishing optimum prices. Some items, like cars and computers, lose value almost the minute they are made. And you do not want to charge $10.00 for something that costs you $25.00 to make and market. Price models and market models are a part of pricing research that are used to estimate prime demand points and the responses of competitors in your market. All these things and more need to be considered when deciding what pricing strategy to use.

The Gabor-Granger technique, also known as immediate pricing, is a survey-based system. Customers are asked if they would purchase a certain product at a specific price. They are asked this question with a variety of different prices. From the results of this survey, the perfect price for each person can be established and then the best average price can be estimated from all the responses. On the plus side, this techniques gives you a quick answer. On the other hand, it may not be especially accurate because people may not give a truthful answer about how much they would be willing to pay for the product. The other drawback is that this approach only asks about a specific isolated product – if consumers are faced with the same, or a similar, product for a lower price, they would likely purchase the less expensive item.

The van Westendorp Price Sensitivity Monitor is also survey-based but, it asks more questions that are more specifically aimed. Rather than one question, as the Gabor-Granger technique, it asks four questions: at what price is it a bargain; at what price is the product becoming too expensive; at what price would you start questioning the quality of the product; and at what price is the product way too expensive to think about buying it.

While it may not seem like a big difference – one question versus four – the four questions of the van Westendorp approach offer more detailed information, making it easier to establish a full range of prices for a specific product. That extra information can then be used to address variation in competitors’ prices as well as variation in individual customer responses.

No matter which specific technique, or combination of them, that you decide to use, there is a quantity of good information you can use to establish the best success for your product or service.

Nov 05

Juggling Living in the Now and Our Businesses

Does anyone else find this quite a tightrope walk? It can be quite mind boggling!

The Past, Future but rarely Present

The business world at large demands projections, business plans, analysis of data and constant checking of figures – which area of our business should we concentrate on next, which country should we try to conquer next? A full time job in itself if we don’t have people to help us out!

All of the above serve to keep us in either the past or the future. The present moment is fleeting and reflects what we have been doing in the past anyway – so why spend so much time analysing it? Surely, by looking at the present moment and where we are – not just in business, but in our lives – we have a pretty accurate yardstick of how we have been creating our lives to date.

Business is a Serious Business

Most businesses are run with the aim of making money – yes, I know – I’m stating the obvious! However, isn’t it just this factor that takes the joy out of many businesses? A bit like a person who loves amateur dramatics, but when they decide to transfer over to the professional stage the joy dissipates because now their lifestyle depends on their success. There is a mantle of seriousness which now envelopes them and, except for a fortunate few, it’s not fun anymore, but business.

This very seriousness is what ties people up in knots, makes them tense, stressed and out of touch with their intuition and guidance. There is too much fear of failure and thoughts of not having enough money to support themselves, needing to go back into work that they hate doing just to make ends meet and even the fear of people telling them ‘I told you so!’

There are many layers to starting our own business. It’s about making ourselves vulnerable because we can ultimately be rejected by the world and nobody wants what we have to offer. The ultimate rejection! It takes courage to take that leap of faith.

We have to be Passionate

Loving what we do is really the only way to have any chance of a successful business, and I’m not just talking about money. I’m sure all of us have had dealings with businesses which have been run delightfully – restaurants that serve the most delicious food for example. Then one day we visit our favourite restaurant and the food isn’t quite as good, the service isn’t quite as personal and, on enquiry, we find that the restaurant has changed hands. The passion and energy of the person/people that started it has gone and, unless the restaurant is taken over by people with equal passion, the customers are going to feel the difference. Is there ever the same level of passion shown for a business which is already a running concern versus one that has been built from scratch with blood, sweat and tears? I don’t know, but I doubt it.

It is our energy which runs our business. We can have unlimited funds to throw at it, but unless we have passion for what we do that money is going to go down the drain, as potential customers will sense that we aren’t in business for the love of it, but purely as a way of making as much money as we can, in as short a time as possible. We won’t show up as people that they can trust!

Getting Things into Perspective

I think that it is imperative to focus on the present moment to stay sane in business. We can easily be forever looking at next month, next year or 5 years hence as to what our business should have achieved by then – along with that is all the pressure of trying to make that imaginary path an actual reality. If we have started a business with borrowed money, we also have the stress of having to report in on our successes or failures to meet financial deadlines. Our stress levels rise exponentially if we are in that situation!

The same as an artist will create a work of art or a piece of music, putting their heart and soul into it, and then tentatively release it into the world in the hope that someone out there will grasp its essence and understand what was in their heart at the time of composition. That is what it is like with our businesses – we put our hearts and souls into them and then hope that somebody, anybody, out there ‘gets it’ and will join us on our journey.

Ultimately, there are no guarantees that our businesses will be financially successful, but we can guarantee that they are emotionally successful on a day to day basis through following our intuition and doing what we love in each and every moment. Using this method will probably mean that projections fly out the window, as we can be lead down an entirely different path and our business could serve completely another purpose to the one we had originally envisaged. We could also be lead to change to another business, or travel another path – who knows. Life is full of surprises!

My point is that when we focus on the future and the money we feel we need to make (sometimes just for worldly validation), we often distance ourselves from the heart of our business, and the reason why we started it. Fear is what we feel when we imagine that we won’t make self-imposed deadlines – again, it’s often all about the money! Then our business suddenly becomes this massive thing which takes over all of our life, and we start to see it as the means of our ultimate glory or destruction – we see our whole lives depending on its success. Then the tables are turned – instead of us being the owner of our business, our business becomes the owner of our life!

I know people who don’t run their own businesses who are working jobs that they absolutely hate, but they fear leaving or losing those jobs because they have tied their whole existence to them. They don’t have enough faith in the Universe to provide for their needs, and transfer the power of the Universe to the company they are working for – making it the be all and end all! If they could just step away from their fears of destitution and homelessness, they would see that the company is merely a tool for the Universe to provide for their needs, and that they can change that and create a much more pleasant and worthwhile experience for themselves.

Similarly, if we can view our business as a tool the Universe has given us to either provide for our material needs and/or our emotional needs, that will help us to lighten up and enjoy the experience. However, if we see our business as our only means of survival, then it’s like having a partner that we rely on to supply every aspect of our happiness! It just doesn’t happen!

Conclusion

I believe that each of us has a unique path to follow and that we are only shown one step of that path at a time. The journey unfolds as we take the next step, and our mind-set and emotions are the keys to our final destination. If we move forward with joy and anticipation, then we find that in every moment. If we move forward with fear and trepidation, we similarly find that in every moment. We can choose to be a creator or a victim – the choice is ours. The good news is that we can change direction at any time – by living in the present moment and being grateful for what we have at that specific time. The more grateful we are, the more things we receive to make us even more grateful. I’m not saying anything new – a lot of people are talking about this and have been for many years. The thing is – it works!