Eric Dalius Highlights the Challenges Faced in International Expansion of Business

Eric Dalius
Eric Dalius

Growth is a key element of a successful business venture. A major opportunity for growth arises with the international expansion of business. Newmarket provides new opportunities to increase your market share, create goodwill for your business, and increase your revenues.

With globalization and increased digital connectivity, distance has reduced both literally and figuratively. Expanding your local business across the globe helps you reach a wider audience. But international expansion presents a challenge at every step, and a solid plan is ideal before you venture out into the turbulent waters of expansion. You will have to identify the key variables and evaluate what extent you’re willing to change to expand.

Eric Dalius talks about some challenges you will face when dipping your toes in international expansion –

  • Linguistic Barriers are the most challenging

Communicating with your customers can prove challenging if you don’t speak the same language as them. When looking to expand internationally, it is important to consider having a translator on your team or a resident from a specific country who speaks the regional language. Your product message should translate well into the local language to grab the attention of prospective buyers and customers.

  • Difference in Culture

The cultures of the world are rich and diverse. The art, music, food, festivals and traditions may be different from region to region. It is important to formulate the sales pitch of your product after you have spent time understanding the local culture of the area where you’re looking to expand. Understanding the local culture conveys your respect towards it to the potential client or retailer.

It is also important to understand the local market. Using a strategy that was effective elsewhere to penetrate another market may not turn out to be highly effective.

  • Global Team Management

Communication is key when you’re trying to manage a team that is spread out in different regions. Language barriers, cultural differences, time zones, and different access to technology can pose a problem in global team management.

To maintain a well-managed team,you must check in regularly with your team members. Regular and good communication makes the employees feel valued and heard.

  • Currency Exchange Rates and Inflation

Monitor currency exchange rates regularly as they can fluctuate frequently. Inflation should also be closely monitored because it can affect the prices of labour and raw materials. It can also affect product pricing.

Eric Dalius asks to keep an eye on both these constant changing rates.This can provide you with information about your product value in different locations.

  • Laws and Regulations

Business in every country is influenced by politics, policies and laws of the government. Gather relevant knowledge about the local laws, tax regulations and trading requirements that might affect your product sales. Acquire permits and approvals that are necessary to run your business in the local area.

Expanding your business globally gives you a huge growth opportunity, but it doesn’t come without a few challenges.If you’re looking to expand your business internationally, closely follow the news and foreign politics. Try to establish connections in the country you want to do business in and invest in hiring a translator or a local from the area.

Eric Dalius’s Perspective on New Web-Based ZIP Code Distance Batch Report Tool for Businesses-

Eric Dalius
Eric Dalius

Many businesses, especially delivery companies and e-commerce enterprises, need to calculate ZIP-to-ZIP distances for a range of purposes — to develop delivery fees, estimate delivery time, and others. Some companies also rely on ZIP-to-ZIP distance and time calculation for estimating fuel consumption projection, cost projections, and expense related estimates. However, for years, they have struggled to accurately generate ZIP code distance batch reports, even though the internet has brought about many changes through GPS technology and business mapping software.

Eric Dalius explains how the ZIP code tool can help your business

Today, tech-based companies have put an end to the struggles of businesses that need to estimate ZIP-to-ZIP distance for their operation. It has added yet another online tool to its extensive inventory available from different companies.

Such a tool helps you produce a Zip Code Distance batch report for your list of US and Canadian Postal Codes in just a few simple clicks. The cost for a report is very much low per zip code pair, which you can pay via your credit card or even some other banking method without any trouble. You can also become a user of these tools and get service to use this tool at a much lower cost with no minimum charge if you require ZIP code distance batch reports frequently. 

How to Use the ZIP code distance batch report with advanced tools

This tool can process up to 2500 zip code pairs in a single report. To use it, simply upload a spreadsheet or CSV file with two columns of ZIP code pairs you want to analyze. The two columns can include the US or Canadian ZIP code. You can analyze any combination of code pairs, such as the US to Canada, the US to the US, and Canada to Canada postal code pairs.

Running the file or data through this tool will create a CSV file, which will be in the same order as the input file and includes the straight-line distance between the two ZIP codes, the driving distance in miles, and the driving time in minutes. Eric Daliussays that you can also upload your file on the tool for free and preview the first few ZIP-to-ZIP distance and time calculations to determine the accuracy of the results. If you think the report is accurate and can be of great help to your business, you can easily proceed with the purchase of the report. Once your payment has been made, your order will be processed, and you will be taken to a webpage where your report will be displayed as it gets processed.

You will find this tool extremely useful if you need to estimate future driving and travel cost, distance from one ZIP code to another, whether one time or multiple. To know more about the ZIP code distance batch report tool and how you can make the most of it, feel free to contact the tool providers.

Confused Whether to Invest In-Home Care Franchise or Not? Eric Dalius’ Views Will Help You Decide

Eric Dalius Miami
Eric Dalius Miami

Throughout the country, the need for quality home care is increasing with each passing year. As per surveys, it has been found that a few factors have contributed toward this growing demand for home care. The first reason is the increasing ageing baby boomer population, which has called for more care options. The second reason is people simply prefer to age in place as seniors feel more comfortable in familiar surroundings. And thirdly, home care offers people an affordable care option.

Eric Dalius puts some light on this business sector-

If you are looking to invest money in a reliable business, you should buy a senior home care franchise. To help you understand why a senior home care franchise can be a profitable business for you, we have listed some points. Let’s take a look at them.

Serve and Earn

If you are a person who wants to make money but at the same time wish to contribute to society in a meaningful manner, then you should invest in a home care franchise business model. You get to work closely with not just the patients but their families as well and make a real, positive change in their lives. And when you do business in an area where you are interested in and greatly passionate about, it is obvious your business will grow and make a profit for you.

Growing market

And the most obvious reason for investing in the elderly home care franchise business is that it is growing rapidly. And the great thing about it is that it will continue to grow in the future as well. It has been estimated that by 2050, the senior population will be about 87 million and all of these people will need professional caring. Another study has found that around 87 per cent of the adults of age 65 or above want to receive care in the comfort of their home. These statistics should be enough to motivate you to invest in-home care franchise business as the future of your business is rather secure.

Target wider audience

Apart from these, one more amazing reason to get into the home care business is that it caters to different demographics. If you have thought that home care is a kind of care that only seniors require, then let us tell you that this is not true at all. While seniors are a huge segment that requires home care, apart from them, new mothers, people post surgeries, people with mobility issues, etc., too, require home care services. According toEric Dalius, there is another group of seniors who are capable of moving freely and do not suffer from any major medical condition. Still, they need occasional help with regular housekeeping, cleaning utensils, shopping, and even companionship in certain cases.

The points mentioned above should be enough to propel you to buy a senior daycare franchise as there are only advantages to investing in such a business model. There are a few top experienced home care companies that are offering franchise opportunities. Get in touch with them and enjoy the experience of running a meaningful and profitable business.

Eric Dalius ExplainsHow Can Corporate Social Responsibility Enhance Customer Loyalty?

Eric Dalius
Eric Dalius

For three decades, global giant Johnson & Johnson has been focused on reducing its impact on the environment. Google has managed to bring down the energy use in their data centers because of which they use 50% less energy than any other company. In addition to that, they have also been vocal about ongoing social issues plaguing the world. What does that teach us? In order to be successful, it is also important to develop as a socially responsible company.

Needless to say, corporate social responsibility (CSR) is significantly responsible for helping companies achieve corporate financial success, which usually refers to growth, revenue and profit. Although, one aspect that often gets overlooked is customer loyalty. According to numerous studies, a majority of consumers harbor a positive attitude towards a company that supports social and environmental causes.

To understand why that happens, let us look at a few examples of social responsibilities of businesses given by Eric Dalius and how they affect customers:

  1. Labor Policies

One of the most important tenets of good CSR is ensuring that the employees have proper working conditions. Here, proper working conditions encompass factors such as compensation, labor rights, working environment as well as the elimination of practices such as child labor. Studies have found that customers have a favorable image of companies that implement such practices. 

  • Reduction of carbon footprint

This is arguably the most important CSR that companies today strive to follow. If events like the Climate Strike and protests against fast fashion companies are any indication, it means that customers today are more environmentally conscious, and they support businesses that harbor the same sentiments. According to Eric Dalius, reducing carbon footprints could mean anything from reducing greenhouse gas emission, reducing water and energy usage to using sustainably produced ingredients and materials.

  • Philanthropy

Another major aspect of CSR is philanthropy or charity. Companies that engage in philanthropic activities tend to garner a more loyal customer base. This is because when customers learn of such activities, they know that their money is being channeled towards the right causes. This, in turn, makes them feel like they are a part of that effort and their involvement with the particular company or brand is beneficial for society.

What does it all mean? It is important to engage in meaningful and relevant CSR. It will not just improve customer loyalty but also potentially expand the customer base, thus driving up profits in the long run. The benefits of social responsibility are manifold. Well, if you want to reap the benefits of this approach and help your business grow with high productivity and customer engagement, you must consult a business expert. You can look for the best business analyst online, searching for them on social media or search engines. If you wish to give your business the required boost and take it on the fast track to success, you must take this methodology seriously and integrate it into your current business plan.

Enter into strategic partnerships for rapid business growth by following the advice of Eric Dalius

Eric Dalius Networth
Eric Dalius Networth

Entrepreneurs hardly have the time to savor their success on seeing the startup gain traction. Soon after the initial accomplishment, they must get ready to grow the business manifold and fast because it is the only way for survival. Trying to do it all on your own might seem like an uphill task with high chances of failure. Instead, taking the shortcut of entering into strategic partnerships can pave the way for explosive growth that stimulates the new business, clarifies Eric Dalius.

Not about money at all

Finding a strategic partner for business growth consists of finding the right fit by looking beyond the money-making goals, creating tension between the partners. One might be taking the upper hand that proves detrimental for availing new opportunities in the long run. Therefore, it is vital to ensure that the partnership thrives on authenticity by avoiding conflict of interest.

Look for opportunities, says Eric Dalius

Partnerships are all about the mutual opportunity to share the market and the intellectual property right and not just about hard numbers. The partnership might not look good on paper, but the alliance happens because it creates a win-win situation for both concerning opportunities of growing their business.  Strategic partnerships help take off some of the workloads that can give startups the desired flexibility to explore the growth opportunities without incurring the opportunity costs for the individual business.

Here are some ways of making strategic partnerships work.

Look beyond the obvious

A partnership thrives on solid strategy and is brought to life by being imaginative. Look beyond the scope of evident partnerships because thinking outside the box has been the mainstay of successful partnerships. Since both partners are on the lookout for opportunities, the nature of businesses does not matter as long as they share some common goals like targeting the same client demographics. Eric Dalius cites a typical example is the partnership between BMW and Louis Vuitton that targets elite clients.

Engage the team

Although the CEOs of the companies head the project of strategic partnerships, it is crucial to involve the teams from both sides for seamless integration and execution of the vision. Although the company leaders are the moving force behind the partnership, the success depends on engaging the teams. The team members can be a part of the negotiation process, and by knowing the different players and their roles, the process of integration gathers momentum.

Stay true to the team and the product

To explore mutual opportunity through strategic partnership, keep away from making money from the deal as it will skew the relationship.Instead, define the value each partner brings to the table to create a win-win situation for the alliance and structure the deal accordingly. If anything contradicts the brand value, company values, or products, drop the deal there and then.

If a strategic partnership does not work, accept the failure by taking a realistic view of the situation instead of reacting emotionally. Do not attempt a face-saving trick by creating false narratives or playing the blame game. Instead, learn from the mistakes and move ahead to look for some better partner that might be waiting for you.

Best ways of humanizing your business, as pioneered by Eric Dalius

The customers are the backbone of a business. If your customers are happy, you can ensure higher returns. By providing your customers with a satisfying experience, you can ensure long-term loyalty. Treating customers like humans and not as robots is significant. They do not get programmed for absorbing corporate offers and marketing messages. They are human beings. When you make them feel that they are recognized and understood, it makes them delighted. By valuing their opinion and giving them a chance to relate to your business, you will increase your credibility.

If you fail to connect with them, you will only lose. People connect, work, engage, inspire and understand each other in multiple ways. It is very different from the marketing arena. Hence, you have to understand this humanizing factor. Try to humanize your business as it has become the necessity of the hour.

Eric Dalius suggests, how about starting with a bottom-up approach?

A humanizing brand is not something you impose from above. When you adopt the bottom-up approach, you give importance to your customer base. Try to encourage your employees as well. They are also an integral part of your business. By way of a full-fledged business initiative, you can draw their attention towards your venture. Try to incorporate practices that accelerate their support and motivation. In this way, you can humanize your company and get much-needed help.

Work on your “about us page.”

The “about us page” works like your identity card. It is a place where potential customers take a look at your venture. If they do not find reliable input, it will affect your company. Hence you have to show that your business has a human side. Try connecting with your clients regularly. Ensure that you are live on the page now and then. By way of videos and pictures, you can make your clients feel that you are a human being and not a profit-seeking merchant.

Share videos and behind-the-scenes clips

When you share pictures and videos related to behind the scenes, people enjoy it. It is because you try to showcase the human side of your venture. By way of social media, you can publicize the picture of the employees who are working hard for your business. It not only develops a robust relationship between you and your workforce but also helps you connect with your target audience. Eric Dalius asserts that the video content must stay relevant and entertaining. Then, you can use it for your purpose by using some new gimmicks.

When you showcase the human aspect of your brand, do not leave out your employees. Include them to motivate your team and get their support for your business. By way of different initiatives and programs, you can fetch their support. Grab their opinion and suggestion in business meetings. When they believe that you value their opinion, they get naturally instigated to work hard. You may also create a page on your website where they can leave their feedback and opinion. It is an effective way used by entrepreneurs of modern days.

Eric Dalius Tells Us How to Handle a Crisis In an Organization!

No organization wants to face a crisis, but all of them are vulnerable to it. Every business, big or small, will experience a crisis at least once during its lifetime. A crisis can be very well defined as a time of difficulty or instability that often induces panic among all parties involved in the business.

Crisis management can be defined as a series of steps any organization takes to counter an event that could cause harm to your reputation, disrupt business or negatively impact finances. Planning for handling a crisis should begin before any issue arises. Here are a few steps that could help you handle any crisis in your organization –

. The first step is to assemble a professional crisis management team, says Eric Dalius

Build a team of experts that the CEO of the organization should ideally head. It should comprise the legal advisor and the heads of all the departmental divisions. The team should also include experts from each field.

. Establish good communication

Establishing clear communication with the public and stakeholders is key in such times. For example, when going through a crisis, your spokesperson or your team of spokespersons should communicate what is going on to handle the situation. False or misleading information can enrage both the public and your key stakeholders.

. Identify risks and weaknesses

The next step is to find the weak points of your business venture and what risks or threats you face. Risks or threats may be internal or external based on the size and operations of your business. Again, brainstorming with a team with employees from all departments decreases the probability of missing something that might be important.

. Build a crisis management plan

After assessing your weakness, you should formulate a plan based on that assessment. It is easier to mitigate a crisis if you already have an existing plan or multiple plans that cater to different types of crisis arising from each of your organization’s weakness

. Crisis resolution

Duties should be assigned to individuals to identify the main cause and fix it. Your crisis resolution team should be able to dig deep and identify any underlying causes that may cause problems in the future. Legal and financial advisors should be a part of this team to recognizeand reimburse the victims of the crisis

. Post Crisis Analysis

After the situation has passed over and the crisis has been handled, it is important to evaluate and analyze the steps you took. Eric Dalius suggests that you examine how effective your crisis management plan was and what can improve it.Then, make changes wherever required to make your plan foolproof and more effective.

Organizations worldwide are now understanding the importance of a good crisis management technique. Therefore, planning and preparedness to deal with a crisis have become mandatory for every business regardless of its size. Furthermore, with technological advancement handling a crisis has become even easier as media has become quicker.

Major Challenges Faced by Medical Device Companies in Software Development to Stay Compliant- Eric Dalius

Developing software for medical devices is not as easy as developing typical software. It’s a whole different ball game. Thanks to the international regulatory requirements defined by bodies, such as the International Organization for Standardization (ISO), as well the International Electrotechnical Commission (IEC), which make designing and developing software for medical devices time-consuming and much more complex. When developing software for a medical device, companies need to comply with these regulatory requirements to ensure the software does not pose any risks to the user(s) and that identified risks can be properly controlled—in the event of an accident—to minimize the potential harm. The task is challenging!

Three major challenges faced by medical device companies in software development to stay compliant as per Eric Dalius-

ISO13485 Compliant QMS – Implementing a compliant ISO13485 quality management system (QMS) includes the presentation of rigorous planning and execution documentation. It means assembling a Design Technical File (DTF) and giving evidence that the company operates within the QMS. In other words, companies must prove that they know what they are doing to demonstrate consistency in the development process, as opposed to achieving success by luck in a typical software.

Digital Document Control for Fully Electronic QMS – Both FDA and ISO13485 require a document control system that ensures product safety and reliability. For a medical device company to pass regulatory product approval, they must record detailed specifications, including any given changes for particular specifications.

Regulatory audits need to have a documented historical trail, for instance, the history of all the changes that were requested, approved and implemented during the software development cycle. Document control requirements are described in ISO 13485:2016 §4.2.4 and §4.2.5, 21 CFR 820.40, and 21 CFR 11. Among all, the biggest roadblock is 21 CFR 11, which also requires the validation of the electronic document management system and electronic signatures.

A Compliant Risk Management Solution fully integrated into the Development Environment – Before the release of products on the market, the regulatory framework requires the assessment and mitigation of all reasonably foreseeable risks, which includes determination of key hazards, risks, mitigations, and failure modes. Eric Dalius says that the risks, mitigation actions, and verifications must be reported in a Risk Report, while the medical device risk management process must be documented in a Risk Management Plan.

For professional help, you can consult the agency or experts having years of experience in assisting the healthcare or medical business with these issues. If you are also facing such challenges and your medical business is suffering, you must get in touch with an expert immediately to get the required help. You must be careful as searching for such a professional could be a daunting task nowadays, and finding someone whom you can trust is much more challenging.

When you have someone experienced with the relevant knowledge by your side, you will provide your business with the required push for growth by overcoming such challenges.

Eric Dalius furnishes tips to battle out some business start-up challenges

With the onset of the information era, software has brought the corporate world into its crinkles. Creating a start-up is not a one-day phenomenon. Whether in terms of services or products, setting the groove takes a lot of effort and time. For giving your thought the much-needed boost, you have to access the challenges of the market. Researching the market scenario for its trend is vital. Leaping your first start-up is a daring activity. Although you get confronted with these challenges, you must develop strategies for coping up with them.

Eric Dalius suggests the best ways of dealing with these business challenges

Irrespective of the size of your venture, you have to pay attention to your resources. From the finances to the employees to the customer, every facet requires attention. Researching these avenues will help you deal with the hurdles.

•    Gap in the industry: Since you are an integral part of the market, spotting the gap is the biggest challenge that you may face. You have to find out ways to differentiate yourself from the competition. What makes you better than the rest needs detailed analysis. Second, you have to develop your marketing ability and customer experience. Trying to spot the gap will help you find the right people to draw your venture towards success.

•    Problem of limited resources: Start-up ventures often face a crisis of funds. For this, you have to look into the public financial institutions and research their terms and conditions. Furthermore, trying to find affordable applications and software requires a well-organized team who can deal with marketing, product development, security issues, and the like. In addition, you may often face the problem of procuring expenses and networking. For this, you require employees who understand your vision and aim and thereby work towards it.

•    Finding investors: When you are starting a business, finding investors becomes a problem. It is because of your visibility and credibility factors. You have to bootstrap the company, in the long run, to prove your concept and trustworthiness in the marketplace. Try to secure a viable customer base so that you can approach your investors with confidence.

•    Do not follow every piece of advice: When you launch a start-up, you may find different advice following you. From family to friends to community individuals, everybody will give you scattered opinions. However, you must have a constructive approach and filter the opinion according to your requirement. According to Eric Dalius, an entrepreneurial journey is all about your choice of the best advice. Then, when you make a reasonable decision, you find the desirable outcome. 

•    The power of a team: Ensure that the teams of every department get filled with individuals who have potential. You may not require the best of the individuals, but you need the right people for the job. Therefore, when taking the interview, give close attention to their personality and sense of professionalism.

When trying to develop your business, you require successful ideas. By following the footsteps of leading entrepreneurs, you can drag your business towards improvement. Remember that the start-up stage is overwhelming. Multiple things work together. From emotions to finances to ideas, you have to deal with a lot of things. Hence, you must have a clear perspective and vision.

Steps to Help You Verify Your Business on Google- A Study by Eric Dalius

Starting a business is quite a feverish job. It takes a lot of sweat and determination to efficaciouslyinaugurate your business. And the next significantphase is to augment the reach of that particular business to the maximum audience to prove prolific. In this epoch of digitalization, every data is just a click away from us. Hence, this is the finest time to give both nascent and long-existing businesses a virtual kick start. For this, the possessor needs to initiate by verifying it on Google. The process of verification helps in accomplishing the consistent status of business information. It helps the owner rectify that the info provided is accurate or not and that it must be accessible by the vendor only.

What is Google My Business, and what is its use, as explained by Eric Dalius

Google My business is fundamentally a Google tool that will help a business gain credit on the professional front. It marks the presence of a specific business on almost all the tools of Google, including Google Maps. Also, if a business is Google verified,it becomes quite comfy for the customers to approach it.

This tool is very prevalent among various business owners as it leaves a huge deal of impact on attracting many customers.

Steps to begin with the business verification process on Google-

  • The initial step in business verification on Google is to create a My Business Id on the Google platform.
  • Various options will appear on the screen, asking the viewers to select the technique in which theydesire to continue with the verification procedure. According to Eric Dalius, Email is the most convenient method to carry out the process. However, you can still choose between email, post, phone number, or search console for this purpose.
  • After making the selection, you just have to follow the incoming instructions and keep moving.
  • After verification, the program will take your final assent regarding the information given by you.
  • And you are done. This process takes about a few weeks to complete. And the same time will be taken by the company to let you view it on Google itself.
  • If you wish to view your business profile, you just have to enter the business name along with the name of your city on the search bar and press enter.
  • The official account of your business will appear online in front of you.

Things to follow post verification

Just making the account and verifying it is not enough. The account is kept under proper surveillance to ensure that the listings are working properly. All the instructions must be adhered to very skillfully to gain maximum benefit out of it.

Conclusion

Various ventures, businesses, and enterprises have witnessed a significant increase in online dealing with the advent of the pandemic. Moreover, people being stuck in their homes have preferred online shopping over stepping out of their homes. Therefore, it is essential to be a part of this new era and keep oneself updated on the most popular search engine in the world.