Spotting good business Archives

Corporate Data Management

Corporate data management is rapidly emerging as an industry to rely on. Consequently, this has resulted in a growing demand for workers experienced in this field. Here are some best practices on sourcing great talent.

The quickest way is for the business to outsource the increased need for master data management. To determine if the IT data management company you are thinking of hiring is a good fit for you, review their previous experiences and projects of the company’s members. Background in IT will mean that there is a work culture of research and implementation for your data management strategy.

The business can also ask the existing clients of the data management company for their impressions and work relationship. This is a good chance to inquire about the company’s strengths and weaknesses, the types of services employed as well as the efficacy.

When your business has needs and requirements that are not covered in the service packages that are available, it would be best to choose a company that can create and implement a personalized bespoke data management plan for you. Willingness to provide customized service speaks volumes of the company’s flexibility and customer care. You may need enhanced security or an additional feature to be added to the package.

It is crucial to select the best data management company to hire. Data management involves a massive amount of data and a high potential for security breach. To illustrate this, a small company may require only a reliable and secure backup system with options for recovery. Whereas, it will be a necessity for a huge corporation to have indexing and correlation with email as well as documents and information that are “cloud” produced.

When you have hired a data management company, keep an eye on their efficiency of method and work ethic. Make sure the updates are current and that you are provided with timely and accurate reports. This way, your business is kept secure and protected as well as serviced.

Where to go when you have been cheated

There must be nothing more frustrating when you have to cry I have been cheated! I have been ripped off. I have been scammed….you get the message! There are more ways to easy riches being sold over the Internet than genuine business opportunities that work well.

Have you ever asked why this is the case? A business opportunity may sound very good on paper but if you are not able to fully test its feasibility and pay good money in the hope that this is the one that is going to work – only to find it does not provide the rapid riches and way to quit your day job – where do you go to get compensation?

This is where I have to be very careful – most of the business ideas that you do see on the Internet will work…to a degree. This means that they are not out and out frauds or scams but business ideas that you have not been able to make work. This might be for a number of reasons:

1. You might not have the skills needed to run the business – for example you might need to be able to write articles quickly and your writing skills are mediocre.

2. You might not be prepared to invest the required amount into the business. For example you might need to use “pay per click” advertising in order to make a profit. If you do not speculate enough you might not even reach the threshold where any return is made.

3. There may be so much competition in the particular business idea you have chosen that you do not stand a very good chance of making a mark.

4. It is possible that the seller of the business opportunity has exaggerated the potential of the business so much that it could never work regardless of the money or the time you invested or the skills you were able to utilise.

In the latter case the seller of the business has misrepresented what he was selling. This is against the Trade Descriptions and Advertising Misrepresentations Acts. It could also be caught by the Theft Acts and of course the more recent Fraud Act 2006.

So you have the option of reporting the scam to the police. Unfortunately the police will probably pass the report (or more likely tell you to do it yourself) to your local Trading Standards office. This department within you local council is responsible for investigating such cases and if there are enough complaints when collated from around the country it is possible that an investigation will ensure. However, do not hold your breath expecting you money back – the primary focus of Trading Standards will be to close down any inappropriate activity.

If the seller is a Limited Company, a complaint to the Insolvency Service’s Companies Investigation Branch may also trigger an investigation. If the business opportunity is a scam, and is trading not in the public interest, then it is possible that it will be closed down and even that the directors prosecuted. Again, it is unlikely that you will get your money back.

So how would you get your money back if you felt that you have been ripped off. How do you get satisfaction when you cry “Help, I’ve been cheated”? Apart from complaining to the authorities and helping to protect the public by making it difficult for these fraudsters to trade, writing to or visiting them persistently is probably one way of standing a chance of getting some recompense. If you sound as if you know what you are talking about (for example dropping the names of trading standards and companies investigation branch into your letter) you might be lucky.

The honest truth is that you should do your due diligence when choosing a business opportunity!

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