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Technology

Why Bluetooth Will Drive Digital Wallets in 2018

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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.

Business Tips

6 tips for good business management

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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.