Why Bluetooth Will Drive Digital Wallets in 2018

When Apple pulled the plug on the headphone jack, pun intended, it started a debate about whether wired peripherals were a thing of the past. Apple, Samsung and a growing number of smartphone manufacturers are beginning to see a great deal of promise in Bluetooth technology. Soon, Bluetooth will affect everything from how you listen to music to how you pay for the items you buy on your way home.

Bluetooth Peripherals

Already, it’s possible to transfer money digitally over Bluetooth. Merchants had been slow to adopt this technology because, for many, it means expensive adjustments they need to make to stay in compliance with the law. Now that the painful part is over, and smartphone adoption rates are up, Bluetooth technology is on the rise.

This has given way to several important peripherals, including card readers and mobile payment systems. Two devices might use Bluetooth and WiFi, so someone can take an order from a customer and process payment while the order is fulfilled. This would work well in restaurants, or in the retail sector. Imagine ordering a customized computer, or wardrobe, and having every piece hand delivered to you in the exact specifications you asked for. That’s the power of Bluetooth.

Digital Wallets

Another important innovation is the digital wallet itself. Bluetooth technology just helps provide the vehicle to make a payment, the wallets handle the encryption and actual movement of funds. Plus, these wallets are accepting and using a growing number of currencies. Soon, you might be able to travel abroad with little more than a smartphone and a passport.

Blog article submitted by Ted Dhanik. Also visit this video interview with Ted Dhanik.

5 Things To Look For When Hiring A Consulting Firm

 

Companies hire consultants to advise them on solving issues that a company is facing. However, consultants can cost a lot and therefore hiring the right consultant is vital to solving issues and ensuring that your money is spent wisely. Here are a few areas to consider.

Track record of success – It is a good idea to ask your consultant who they worked for and how successful they were in improving a company’s performance. Speak to your consultant about the issues they may have to handle in your company and ask them how they handled similar issues in other companies of your size.

An experienced team – Good quality consulting firms will only send through experienced consultants to pitch to senior management. Therefore, if your consulting firm sends through inexperienced consultants for interviews, it is best to look elsewhere.

Reasonable cost structure – The consultant you want, should come at the price that makes most financial sense for the firm. If you are looking for a more experienced consultant at a higher cost, they should be able to offer you results in a much shorter period.

Added value – A consultant who is a generalist, will offer creative solutions that will not be thought of internally.

Communication skills – Consultants and the consulting firm should be able to effectively listen to their clients and communicate in a language that matches the client’s culture and requirements.

6 tips for good business management

Any size company can take advantage of good business practices. Here are 6 tips in relation to business management that will strengthen your business and help it evolve. We spoke to Ted Dhanik, who is an entrepreneur and CEO of Engage:BDR, a digital marketing company specializing in display and video advertising. He provided us some good advice below.

“Know-how is not enough – It is not enough to just be an expert in your field. This will not guarantee you sales or customers. Instead, it is important to include marketing and administration skills into the mix. Make sure your customers know what your business can offer them. Apart from this, to run an efficient business that makes profits, you will need financial experts to understand the financial aspects of your business.

Hire the right people – It is important to hire the right people that match your industry and what you want to offer. Include good recruiting practices into the mix and you will be sure that your hires will be coming back and referring many others.

Don’t hire your friends – Hiring friends can compromise and destroy a friendship and cause problems for your business. If you must hire a friend, ensure that you have clearly communicated what is expected of them and what you can offer in return.

Don’t make snap decisions. – Sometimes small businesses will face hang-ups, but know that this is a rare occurrence. Instead of making snap decisions, think about the implications your decision will bring on your staff and business.

Hiring/promoting from within isn’t always good.- Hiring from within is a good policy but it should be limited to staff that has the personality and the skill set necessary for the role.”

For more info about Ted Dhanik, visit his Facebook page.