To choose the appropriate color for your website, you must first identify your target audience and learn about their preferences. You should also take into account their age, gender, cultural background, and industry. This information will guide your choice of colors.

You should also seek inspiration from a variety of places, including websites, design galleries, nature, the arts, and even competitors. Make a mood board or gather color swatches that speak to you and reflect the essence of your company.

Additionally, you can decide on a primary color that fits your brand. This color, which should dominate the entire website, can be seen in your logo or other brand aspects. To make sure it fits with the message of your company, think about color psychology.

Always keep in mind that the color combination you select should represent your brand, engage your audience, and improve the user experience.

Best Colour Scheme for Website

Best Colour Scheme for website require significant consideration and, when done well, may have as much of an impact on how  website visitors interprets what they see and feel. Choosing the proper Colourfor your website is critical to its success on your branding also. Colouris a strong tool for attracting attention, expressing meaning, creating desire, driving conversions, and even earning a visitor’s impressions.

In order to select Best Colour Scheme for website, you need to understand basic ColourTheory.  Colour theory is a practical mix of art and science that determines which Colours go well together. Isaac Newton plotted the Colour spectrum onto a circle in 1666 and established the Colour wheel. Because it depicts Colour relationships, the Colour wheel is the foundation of Colour theory.

Colour harmonies can be found using a Colour wheel and the rules of Colour combinations. Colour harmony refers to the combination of Colours that appear excellent together.  In other words, Colour harmony is the term used to describe Colours that look good when joining together.

Isaac Newton created the Colour wheel in 1666 by plotting the Colour spectrum onto a circle. Because it depicts how Colours interact, the Colour wheel serves as the foundation of Colour theory. By applying the principles of Colour combination, you can utilize a Colour wheel to discover Colour harmonies. In order to obtain Colours that produce a beautiful impression, Colour combinations determine the relative placements of various hues.

Generally, there are two types of Colour wheel, i.e., RYB Model and RGB Model. In RYB Model, Red, Yellow and Blue colours are treated as Primary Colour. But in RGB Model, Red Green and Blue Colours are Primary Colour. Because it deals with blending light, like on a computer or TV screen, the RGB Color Wheel is made specifically for  online and digital.

In RGB Colour wheel, we can divide Colours in to three main categories.

Primary Colours

As discussed earlier, in RGB Colour wheel Red, Green and Blue are the primary Colours, and you will get pure white when you mix these Colours.

Secondary Colours

Secondary Colours are those Colours which are getting when you mix two prim

ary Colours. The secondary Colours are also three in number. When mix red, green and yellow will make, green and blue make Cyan Colour and Blue and Red Colour make Magenta Colour.

Tertiary Colour

When you mix one primary Colour and one secondary Colour you will get one Tertiary Colour. Like this you will get total six numbers of Tertiary Colours in RGB Colour wheel,

In the RGB Colour wheel these Colours are Orange, Chartreuse Green, Spring Green, Azure, Violet and Rose

Colours in Colour wheel again divided into two based on their temperature nature. According to Colour psychology, different Colour temperatures evoke different feelings. Warm Colours are said to recall coziness and energy, while cool Colours are associated with serenity and isolation Warm Colours are the Colours from red through to yellow. Cool Colours are the Colours from blue to green and purple.  Warm Colours are said to suggest warmth, like the sun. Cool recall coolness, like water.

The Colour wheel and the application of a few well-defined criteria are the simplest methods for choosing Colour harmonies or Colour combinations for your office furniture.

These principles are:

1. Complementary
2. Monochromatic
3. Analogous
4. Triadic
5. Tetradic

Complementary

Two Colours on the exact opposite side of the Colour wheel are used in a complementary Colour scheme. This Colour scheme produces a vibrant, high-contrast Colour combination that pops. Red and green, yellow and purple, orange and blue, and green and magenta are frequently used complimentary Colour pairings. In sports, complementary Colour combinations are typically used by teams to express their boldness. Complementary Colour combinations are symbolic of being brave.

Monochromatic

Monochromatic Colour scheme uses one Colour as a base and different shades, tones, and tints of this base Colour. Monochromatic schemes usually consist of 3 to 7 variations in your one-Colour palette, made up of darker shades and lighter tints of the original Colour. But commonly using three Colours for a subtle and conservative Colour combination

Monochromatic design is perfect for creating visual cohesion. When choosing the Colour, you will start where anything in marketing starts – knowing your audience.  You’ve got to choose a Colour that will resonate with the intended audience as well as communicate what your brand stands for.

Analogous

You must choose three Colours that are next to one another on the Colour wheel for this Colour scheme. Although this Colour scheme is adaptable, it may sometimes be too much. To balance an analogous Colour scheme, pick one dominating hue and utilize the others as accents. Select one dominating hue and utilize the rest as accents to balance an analogous Colour scheme.

Triadic

This Colour combination is more adaptable since it has a larger contrast but less than the complimentary Colour combination. Three hues that are equally spaced on the Colour wheel must be used. Bold and brilliant Colour palettes are the outcome of this mix.

Tetradic

Tetradic Colour schemes are striking and are at their finest when one Colour is the primary focus, and the others are employed as accents. For this combination, you must pick four hues that are equally spaced on the Colour wheel. The more Colours you have in your palette, the harder it is to balance them.

The following are the important features of various Colours:

Red – youth, power, importance

Black – sophistication, power, edginess

White – simplicity, cleanliness, virtue

Blue – safety,calm, Lighter Shades gives openness, Darker shares represents reliability.

Green – growth, stability, financial, environmental

Orange – uniqueness, friendliness, energy,

Yellow – antiquity, happiness, enthusiasm,

Purple – luxury, lighter shades forromance, darkershades for mystery

Grey – formality, neutrality, melancholy

Beige – traits of surrounding Colours

Ivory -simplicity, comfort, elegance

Website visitors are more likely to feel physically and emotionally at ease when your website that is both ergonomically designed and visually pleasant. It will be easier for workers to concentrate and perform better work if you create an environment where they may feel at ease, peaceful, and at home.

Crawling

The first step in the Google Website Crawling is discovering new web pages.

Crawling is the discovery process in which search engines send out a team of robots (known as crawlers or spiders) to find new and updated content.  Google employs a multitude of methods to find new content. One of the primary ways is by following links from previously indexed pages. When Google’s crawler, known as Googlebot, visits a webpage, it analyzes the page’s content and extracts any new URLs it encounters. These URLs are then added to a list known as the crawl queue.

Additionally, Google also receives suggestions for new URLs from various sources, such as sitemaps submitted by website owners, RSS feeds, and external links. These suggestions help ensure that Google doesn’t miss any important web pages.

Once a URL is added to the crawl queue, Googlebot starts the crawling process. It retrieves the web page’s HTML code and analyzes its content. However, it’s important to note that Googlebot doesn’t render pages like a browser would. Instead, it focuses on understanding the underlying structure and extracting relevant information.

During the crawling process, Googlebot follows the links on the page to discover new URLs. It also prioritizes crawling based on factors such as the page’s importance, freshness, and popularity. This prioritization helps Google allocate its resources effectively and crawl the most relevant and valuable content first.

Indexing:

After Googlebot crawls a web page, it stores the information it gathered in a massive database known as the index. The index serves as Google’s repository of information and enables quick retrieval of relevant pages when a user performs a search query.

During indexing, Googlebot analyzes the page’s content, including text, images, and other media files. It extracts keywords, identifies the page’s topic, and stores this information in its index. Google also takes into account various factors like page speed, mobile-friendliness, and structured data markup, which can impact a page’s ranking in search results.

Ranking:

Once a webpage is indexed, it becomes eligible to appear in search results. However, the position of a page in search rankings is determined by Google’s ranking algorithms. These algorithms consider a myriad of factors to evaluate the relevance, quality, and user-friendliness of a webpage.

Factors like backlinks, user engagement metrics, content quality, and website authority influence a page’s ranking. Google’s goal is to provide the most useful and relevant results to users, so it continuously refines its algorithms to deliver the best possible search experience.

Conclusion:

Google Website Crawling process is a complex and sophisticated operation that plays a crucial role in retrieving information from the vast web. Through a combination of discovery, crawling, indexing, and ranking, Googlebot diligently scans and analyzes web pages, ensuring that relevant content is available to users when they perform search queries.

Understanding how Google Website Crawling can be valuable for website owners and developers. By optimizing their websites for crawlability, ensuring a clear website structure, and providing high-quality content, they can enhance their chances of being discovered, indexed, and ranked favorably by Google.

As Google continues to evolve and refine its crawling mechanisms, it remains committed to delivering accurate, up-to-date, and relevant search results. So, the next time you type a query into Google’s search box, remember the intricate process that goes on behind the scenes to bring you the information you seek.

Internet Addiction

A person who has an excessive dependence on the internet and a compulsive need to use it is said to have an internet addiction, which is also referred to as problematic internet use or internet addiction disorder. This condition can have negative effects such as neglecting obligations, decreased productivity, social isolation, and anxiety.

Many types of internet addiction can appear, including compulsive browsing, excessive usage of social media, online gaming, online shopping, and pornography. Internet addiction symptoms include obsession with the internet, signs of withdrawal when not using the internet, tolerance, losing control over online use, and a detrimental influence on relationships and daily activities.

Many types of internet addiction can appear, including compulsive browsing, excessive usage of social media, online gaming, online shopping, and pornography. Internet addiction symptoms include obsession with the internet, signs of withdrawal when not using the internet, tolerance, losing control over online use, and a detrimental influence on relationships and daily activities.

Social Media Addiction

An individual who develops an excessive and obsessive need on using social media platforms is said to have a social media addiction. It is defined by a compulsion to use social media platforms on a regular basis, a loss of control over how much time is spent using social media, and an obsession with social media use that interferes with everyday life, relationships, job, and other crucial tasks.

When unable to access social media platforms, social media addicts frequently face symptoms like anxiety, despair, loneliness, and insomnia. Also, they could participate in harmful practices including excessively disclosing private information, cyber bullying, and trolling online.

Since the usage of social media continues to rise globally, social media addiction is an increasing worry. Despite the many advantages of social media, it is still vital to use it responsibly and to be aware of the dangers of addiction.

Online Game Addition

Video game addiction, sometimes referred to as online gaming addiction, is a disorder where people develop an excessive and obsessive dependence on playing online games. Online gaming addiction is defined by a compulsion to play games on a regular basis, a loss of control over how much time is spent playing, and an obsession with gaming that interferes with everyday life, relationships, employment, and other crucial activities.

When they are unable to play online games, those who are addicted to gaming online frequently exhibit symptoms like irritation, restlessness, anxiety, sadness, and sleep difficulties. Also, they could disregard their personal hygiene, forgo meals, and choose gaming over social connections and other harmful activities.

While internet gaming continues to gain popularity worldwide, addiction to it is becoming a significant worry. While playing video games can be a lighthearted and delightful activity, it’s vital to use them responsibly and to be aware of the dangers of addiction.

Smartphone Addiction

Smartphone addiction, also known as mobile phone addiction, is a disorder where individuals become excessively and compulsively hooked on using their cell phones. It is also called digital device addiction. It is characterized by a compulsion to use the phone that does not go away, a loss of control over how much time is spent on it, and a fixation on using the phone that interferes with everyday life, relationships, work, and other crucial tasks.

When they are unable to use their phones, smart phone addicts frequently exhibit symptoms including anxiety, restlessness, irritability, and sleep difficulties. Also, they could practice unsafe habits like driving while texting, putting off household chores, and overspending on apps and in-app purchases.

While cell phones have become a common part of daily life for many individuals worldwide, smart phone addiction is an increasing worry. Despite the many advantages of smart phones, it’s necessary to use them responsibly and be mindful of the dangers of addiction.

Digital addiction symptoms include losing control over the use of technology, experiencing withdrawal while not using technology, disregarding obligations, decreased productivity, social isolation, and anxiety. Mental, bodily, and social well-being can all be harmed by a digital addiction.

It is significant to highlight that although the phrase “digital addiction” is frequently used to characterize problematic digital device use, it is not a recognized medical diagnostic in the Diagnostic and Statistical Manual of Mental Disorders (DSM-5) or the International Classification of Diseases (ICD-11).

Are you affected Digital Addiction ?

Test your Digital Addition

With the widespread  use of digital devices and the internet, digital addiction is a relatively recent phenomena. It speaks about the compulsive use of digital devices, which can have detrimental effects including lower productivity, social isolation, and even physical health issues.

The following actions can be taken to assist in overcoming Digital Addiction:

1. Acknowledge the issue: Acknowledging/ Recognizing that there is a problem with digital addiction is the first step in finding a solution. Recognize the drawbacks of excessive usage of technology and the areas of your life that are being impacted.
2. Create boundaries: Choose periods, such as during meals, right before bed, or during face-to-face encounters, when you won’t use digital gadgets. For your digital use, establish a time restriction and adhere to it.
3. Set priorities: Decide which activities are most essential to you, such as spending time with family or engaging in a hobby, and give them precedence over digital activities.
4. Utilize technology to your advantage: You may monitor and restrict your digital use with the aid of a number of available apps. To assist you in staying on track, think about using these apps.
5. Locate substitute activities: Look for enjoyable pastimes that exclude the use of digital gadgets, such as physical activity, reading, or spending time in nature.
6. Get support: If you discover that you are unable to manage your computer use on your own, ask friends, family, or a mental health professional for assistance.

Keep in mind that recovering from a digital addiction requires time and commitment. You may beat Digital Addiction and restore control of your life by starting small and making adjustments gradually.

Fortuner  is one of the Best ERP Software in Dubai and to know more about Fortune Technology, visit – About us

What is corporate tax in UAE?

The net income of companies and other enterprises is subject to corporate tax, and it is a type of direct tax. In certain other jurisdictions, the term “corporate tax” is also used to refer to “corporate income tax” or “business profits tax.”

The implementation of Corporate Tax in UAE is meant to hasten the UAE’s development and transition while also assisting it in achieving its strategic goals. The UAE will solidify its position as a top jurisdiction for business and investment thanks to the certainty of a competitive corporate tax in UAE structure that complies with international standards and its wide network of double tax treaties.

The introduction of corporate tax in UAE will primarily apply to Four sorts of entities or people.

1.UAE Companies

UAE corporations and other legal entities that are incorporated in the UAE or that are effectively managed and controlled there;

2. Natural Persons (Individuals)

Natural Persons are those, who operate a business or engage in a commercial activity as described in a cabinet decision that will be released in due course

3. Non-Resident Juridical Persons (Foreign Legal Entities)

This group includes such individuals who have a permanent establishment within the UAE. As “Taxable Persons,” judicial entities created in a UAE Free Zone are likewise subject to corporate tax and must abide by the rules outlined in the corporate tax law.

4. Free Zone Person

A Free Zone Person who satisfies the requirements to be regarded as a Qualifying Free Zone Person, however, can profit from a Corporate Tax rate of 0% on their Qualifying Income.

What is Withholding Tax in Corporate Tax in UAE ?

Withholding Tax (at a rate of 0%) may apply to non-residents who do not have a permanent establishment in the UAE or who receive income from the UAE that is unrelated to their permanent establishment. A type of corporate tax known as withholding tax is taken out at the source by the payer on behalf of the income receiver. The payment of dividends, interest, royalties, and other forms of income across international borders is frequently subject to withholding taxes, which are present in many tax systems.

Exemptions from Corporate Tax in UAE

There are four categories of entities are primarily exempted from Corporate Tax

1. Automatically exempted Companies

All Government Entities and Government Controlled Organizations that a are specified in the Cabinet Decision lists

2. Entities exempted by Ministry of Finance Notification

All types of Extractive Businesses and Non-Extractive Natural Resource Businesses are comes under this group.

3. Entities exempted by Cabinet Decision

Qualifying Public Benefit Entities are comes under this group

4. Entities exempted by Federal Tax Authority 

Public or private pension and social security funds, Qualifying Investment Funds, subsidiary of a government entity, a government controlled entity, a qualifying investment fund, or a public or private pension or social security fund that are fully owned and controlled within the UAE.

Registration of Corporate Tax in UAE

It will be necessary for all Taxable Persons to register for Corporate Tax and get a Corporate Tax Registration Number, including Free Zone Persons. Some Exempt Persons may also be asked by the Federal Tax Authority to register for Corporate Tax in UAE.

For each Tax Period, Taxable Persons must submit a Corporate Tax return within nine months after the conclusion of the applicable period. The payment of any Corporate Tax owed in relation to the Tax Period for which a return is submitted would typically have to be made by the same date.

A taxable person must pay corporate tax on any taxable income they receive during a tax period.

Corporate Tax would typically be levied once a year, with the Taxable Person determining their own Tax obligation through self-assessment. This indicates that the Taxable Person files a Corporate Tax Return with the Federal Tax Authority in order to calculate and pay the Corporate Tax.

The accounting income (i.e., net profit or loss before tax) of the Taxable Person as reported in their financial accounts serves as the basis for computing Taxable Income. To establish their Taxable Income for the applicable Tax Period, the Taxable Person will next need to make a few modifications. For instance, it could be necessary to make adjustments to accounting income for revenue that is exempt from corporate tax and for expenses that are entirely or partially non-deductible for corporate tax reasons.

The timing of the deduction may vary depending on the kind of cost and the chosen accounting system, but in general, any legitimate business expenses made entirely and exclusively for the purpose of generating Taxable Income will be deductible. For capital assets, expenses are typically recorded through amortization or depreciation deductions throughout the course of the asset’s or benefit’s economic life.

Dual-purpose costs, such those expended for both personal and company needs, must be allocated, with the appropriate part being considered as deductible if it was incurred completely and solely for the taxable person’s business.

The following expenses do not consider for the calculation of Taxable Income in Corporate Tax in UAE

1. Bribes give to any party for any purposes
2. Penalties and fines (other than amounts awarded as compensation for damages or breach of contract)
3. gifts, grants, or donations given to a non-qualifying public benefit organization
4. Distributions of dividends and other earnings
5. The Corporate Tax Law imposes corporate tax.
6. Expenditure not made entirely and only for the taxpaying individual’s business expenditure made in order to derive revenue exempt from corporate tax
7. 50% of the amount of the expenditure spends on Client entertainment expenditure.  (This means 50% you can deduct for the calculation of corporate Tax.
8. the amount of earnings before interest, tax, depreciation, and amortization may not exceed 30% of the total amount of earnings (except for certain activities)

Rate of Corporate Tax in UAE

For Individuals and   juridical persons, do not pay any corporate tax if their taxable income is less than 3,75,000 Dhs  (amount to be confirmed in a Cabinet Decision)  for a Financial Period. If Taxable income exceeds 375,000 Dhs, they are liable to pay 9% of Taxable Income.

For  Free Zone Entities are liable to pay 9% on taxable income that does not meet the qualifying income definition and 0% on their Qualifying Income.

As all Taxable Person determining their Tax obligation through self-assessment, it is required to create and maintain proper accounting system for calculating Taxable income. For easy maintenance of accounting procedures, you can use Simplified ERP Software like Fortuner, from Fortune Technology LLC, which can be operated without excellent knowledge in Finance.

If you want to download complete Law of Corporate Tax, you can download from Ministry of Finance Website

Understanding the risk and profitability of a company (enterprise, sub-business, or project) by study of published financial information, notably yearly and quarterly reports, is known as financial statement analysis (or financial analysis).

The company’s own information from its annual report and other mandatory disclosures serves as the main source of information. The income statement, balance sheet, and statement of cash flows, together with any related footnotes, are included in the annual report. Securities regulations mandate further information disclosure for some companies.

Every day, the financial press and electronic media publish information such as the market values of the securities of publicly listed firms. The financial press also publishes stock price indices for certain industries and the market as a whole. Another type of information that may be used to evaluate the current success or future prospects of an organization or industry is economic statistics, such as the Gross Domestic Product and the Consumer Price Index.

In order to reach a conclusion, analysis includes creating a meaningful link between different components of the two financial statements. We refer to two statements that are normally generated at the conclusion of a certain time period as financial statements.

• Profit and loss Account or Income Statement
• Balance Sheet or Position Statement

The following are the primary goals of financial statement analysis:

1. Choosing a Profitable Strategy
2. Finding the Trend in Achievement
3. Analyzing the Business’s Potential for Growth
4. Positioning Comparatively to Other Firms
5. Assess the Firm’s Financial Strength Overall
6. Analyze the Solvency of the Firm

Financial Statement Analysis is to evaluate a company’s financial health and support management in comparing the profitability of comparable companies operating in related industries. This procedure gives enough details to show whether the company has room to expand. It is possible to compare financial accounts from prior years to spot trends in a variety of costs, purchases, sales, gross profits, and net profits, among other things. Financial analysis may be used to assess whether or not the firm is making enough money on the cash that has been put in it.

Financial Statement Analysis has gained significance as a result of the growing interest in a company unit’s financial performance.

The numerous stakeholders with an interest in financial statement analysis include the following:

1. Fiscal and Governmental Authorities
2. Management
3. Investors
4. labor unions
5. Lenders
6. Suppliers and creditors in trade
7. Employees
8. Stock Market

It aids Management in the preparation of budgets and the evaluation of the performance of various department heads. Trade unions are also interested in financial analysis in order to negotiate wage or salary agreements with management. This analysis informs investors about the company’s earning capacity and future growth prospects.

Various tools available in major ERP software, such as Fortuner from Fortune technology LLC, enable all parties associated with an organization to easily perform financial statement analysis to determine the company’s ability to meet debts as and when they fall due. The primary goal of financial statement analysis is to assist management in conducting a comparative analysis of the profitability of various firms engaged in similar businesses.

Any steps you do to advance clients through the sales process are referred to as sales activities. Sales personnel frequently engage in sales activities to aid in the planning, tracking, and development of new client acquisition. Each individual you sell to will respond to you in a different way, thus it is your job as a salesperson to know how to interact with them. Typically, selling involves more than just a single customer interaction. Instead, it can take several meetings, cups of coffee, and meals before someone decides to buy what you are offering. A great salesperson must be driven to succeed and passionate about what they do.
The following are the important qualification of a great sales person and considered Qualities of a Good Sales Person.

1. Product Knowledge

Knowledge of your product in detail and accuracy is one of a crucial aspect of any sales activity. Product expertise is one the Qualities of a Good Sales Person and may also assist sales personnel to handle any challenging inquiries and queries arising from clients related to the product you are selling. Additionally, since most client objections are the result of unresolved queries, it makes it simple for a salesperson to address them. Another advantage is that it keeps your sales force one step ahead of the competition. Customers are very interested in how a salesman describes the items and how they can accurately compare with similar products that are currently on the market.

2. Good Listener

The majority of people believe that the best sales professionals are those who are efficient talkers, but in truth, the most effective salesmen are those who have perfected listening and understanding others’ underlying motivations. Every salesperson should keep in mind that whatever a consumer says can be used to clinch a deal and make a sale.

3. Friendly

Most people agree that extroverts make the best salespeople. Such folks are friendly, polite and laid-back, and they know how to make you feel at ease. A successful salesperson who is helpful to everyone and has a cheerful and friendly nature. The best and most rewarding sales interactions entail friendliness, courtesy, gratitude, and respect for one another.

4. Prepared

When creating your sales process and presentation, you’ll be more prepared the more you understand your customers. By identifying the most likely customers at the ideal stage of the purchasing process, understanding and using intent data can help you concentrate your efforts and resources. Nowadays, B2B buyers only talk to potential suppliers for less than 20% of the time when they are evaluating a transaction and an effective sales man should be well prepared for this time.

5. Organized

Setting priorities for your work schedule can frequently mean the difference between closing a deal and being rejected. How you organize & prioritize and use your time each day will determine how well you manage your time in sales. You become more effective the more you can automate. You can also use effective sales Modules from your company’s ERP Application like Fortuner to schedule and get organized your activities.

6. Self-motivated

Self-motivation is one of the best and most crucial skills for succeeding in sales and it is considered as one of the best Qualities of a Good Sales Person
When commencing a task that saps your motivation, sales professionals need to reward themselves. Building excitement, energy, and confidence involves being positive toward oneself and the people around you. You must comprehend the mindset of the self-starter if you want to be highly self-motivated. Self-starters are those who increase production for their own profit as well as the benefit of the entire organization and their clients.

7. Time Awareness

Outstanding salesmen consider time to be their most valuable reputation-building resource. Since the salesperson is a representative of the value, standards, and worth of the organization as a whole, great salespeople are aware that they are not the only ones who are frowned upon for being late. Feeling overwhelmed is one of the most prevalent time management problems. Making and following a procedure is one way to address this problem. Begin modestly: For a single action, such as making a sales call or investigating a potential customer, establish steps to carefully follow.

8. Mindset

You must have a positive sales attitude that is motivated by forging relationships with your clients and being dedicated to achieving outcomes if you want to become a highly productive salesperson. Successful salespeople with positive attitudes are typically nicer, more approachable, and generally more team-oriented. In order to get greater outcomes, you must maintain an open mind to new options, learning chances, and methods of doing things.

9. Follow-up

Following up with a potential customer to persuade them to make a purchase is known as a sales follow-up. By selling more to current customers and obtaining referral business from existing customers, a strong sales follow-up approach is a wonderful method to increase your income. The more you practice the selling skill of following up, the better your results will be.

10. Confident

A salesperson’s confidence and product expertise will immediately increase the customers’ and prospects’ level of trust in them. Surrounding yourself with successful, goal-oriented people is one of the finest methods to increase your sales confidence. Confident salesmen continuously seek for methods to get better rather than to stagnate and accept mediocrity.

Bureau of Indian Standards (BIS) launched the framework titled Indian Standard (IS) 19000:2022 Online Consumer Reviews — Principles and Requirements for their Collection, Moderation and Publication and which will be come in effect from November 25, 2022 and All online platforms that publish user reviews will be subject to these criteria.

All e-commerce platforms would first be free to voluntarily comply with the norm. In order to evaluate compliance with the standard, Bureau of Indian Standards will also create a conformity assessment scheme.

To combat fraudulent reviews and ratings on e-commerce websites, the Indian government on Monday released regulations that will take effect on November 25, 2022. The new structure was introduced a year after the government suggested stricter regulations to reduce complaints about deceptive reviews and cheating on e-commerce portals.

Once the review is published, customers are not permitted to change it, and they are also not permitted to use vulgar language. The guidelines also state that e-commerce platforms must ensure that customers who post false reviews are barred from doing so in the future.

Once these guidelines become mandatory, if necessary, any organization that violates the requirements may be considered to be engaging in unfair commercial practices or violating consumers’ rights, and in such cases, consumers may file complaints with the National Consumer Helpline, consumer commissions, or the Central Consumer Protection Authority (CCPA).

Impact on Guidelines

Integrity, correctness, privacy, security, transparency, accessibility, and responsiveness are the guiding principles of the standard. Both the review author and the review administrator are given clear obligations under the standard.

For the review author, these include assuring that they have read and agree to the terms and conditions and giving their contact information. For the review administrator, these include protecting personal information and staff training.

The standard outlines the duties of the company, such as creating a code of conduct and required requirements for terms and conditions like accessibility and ensuring that the content doesn’t contain financial information, among other things.

If faked reviews are discovered, the E-commerce platform will be charged with unfair business practices, and a consumer court may then impose penalties.

According Guidelines for False Review, the reviews must be accurate and not deceptive, and the procedure for gathering, reviewing, and publishing customer reviews must be lawful. Additionally, it assures that the privacy of review authors is protected. The Indian government created a framework, which all e-commerce businesses should implement as quickly as feasible and abide by the criteria of.

Advantages of Guidelines for False Reviews

The Guidelines for False Reviews standard is anticipated to be advantageous to all parties involved in the e-commerce ecosystem, including buyers, sellers, and e-commerce platforms.

As per the Press Release from Ministry of Consumer Affairs, Food & Public Distribution, the standard outlines the duties of organizations, such as creating a code of conduct and necessary criteria for terms and conditions including accessibility and ensuring that content doesn’t contain financial information, among other things.

The Guidelines for False Reviews also outlines procedures for authenticating the identity of the review author by email address, identifying via phone call or SMS, confirming registration by clicking on a link, using a captcha system, etc. to determine the review author’s trajectories and veracity.

The Department of Consumer Affairs established a committee to design a framework on reviewing fake and deceptive reviews in e-commerce on June 10, 2022. This committed formed to taking into consideration the impact of false and misleading reviews and protecting the interests of consumers in online shopping. Various parties, including e-commerce companies, trade associations, consumer organizations, and law chairs, were represented on the committee.

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In order to meet your business requirements and expectations and help your consumers to solve their problems, you need to avoid common customer service mistakes and you must offer them meaningful and prompt customer support. Excellent customer service benefits all parties involved in the transaction, including you, your customer, and your company, thus it shouldn’t be disregarded. The quality of the customer experience is crucial in determining whether customers will come back to your store or go somewhere else to spend their money. In short, if you offer exceptional customer service, customers are more likely to return to your store, tell their friends and family about your business, or write a great review online.

It’s crucial to spot the warning signals before your consumers express dissatisfaction and figure out what’s making them unhappy. Even with the greatest of intentions, your customer support employees can make mistakes when providing customer service. It’s imperative to make clear to your customer service employees that customers have many options when selecting the businesses, they do business with.

common customer service mistakes are as follows

1.  Lack of Product Knowledge

Customers enjoy interacting with workers who are enthusiastic and eager to share information about the goods or services and how they will help the customer’s business.  Your customer support employees often lack confidence in what they do when they lack the necessary expertise or information, which has an adverse effect on your business. According to the report, when a customer care representative is misinformed or lacks sufficient product knowledge, more than 80% of customers become upset. Make sure the information your support staff needs are readily available.

2. Not listening Customers

One of the most crucial abilities your customer care personnel may have been the ability to listen. Their ability to listen has a significant impact on both the effectiveness of their work and the caliber of their interactions with your consumers. One of the most crucial soft skills for customer service representatives is active listening, which is essential for comprehending a client problem and effectively solving it. Not listening customers is one of the major Common Customer Service Mistakes even in major business organisation.

3. Not Being Honest

Being honest will build trust between your business and your client. Anything else won’t help your company grow over the long term. It simply makes sense that sincere and reliable people will be drawn to your firm if you are up front and transparent in how you conduct business. In the viewpoint of the consumer, a business is trustworthy if it freely acknowledges its errors and accepts responsibility for the results. Having to deal with consumers who don’t trust you and have no commitment to the business is much worse than having to admit that your firm made a mistake.

4. Not Being Friendly

Providing consumers with friendly customer service means being under-standing and going above and beyond to fulfill their needs. It can also increase adherence. Part of what makes a customer feel good is being nice. A satisfied customer is more likely to use your service again. The view of a company’s goods and services is influenced by how friendly the customer experience is. More than 90% of your consumers’ purchasing choices are subconsciously, and a large portion of them are influenced by how pleasant and friendly they think your business is. Based on a helpful customer care staff, more than 70% of customers say they adore the brand. Making a consumer feel at ease, grinning, and having a friendly attitude are essential.

5. Talking too much

Talking too much to customers is another Common Customer Service Mistakes and Customer service representatives must learn to listen more than they speak if they want to optimize their workflow. Sellers who listen well have a significant influence on around 65% of purchasers. Customers will understandably feel irritated and furious if they constantly deal with agents that talk over them. Even if the representative knows the right answer right away, excessive talking might make the interaction feel hurried and the customer’s requirements insignificant. Every time your executive closes a consumer call, which is essentially what occurs during over talk occurrences, that agent has only one interaction produced a negative customer experience.

6. Not asking Questions

Your clients desire to understand that you respect their requirements and viewpoints. You may match your work with what your clients need and want by asking them the right questions. You may better grasp what your clients’ and customers’ needs are by putting yourself in their position by asking questions. The best way to get feedback from your customers is to ask them questions. It’s also the best way to keep track of how they feel about your company’s products and services. In order to increase your marketing efforts and spread the word about why potential customers might adore you just as much as your present ones, you can enhance your brand presence by looking for answers for your company. You can also take advantage of what makes you stand out from the competition.

7. Arguing with customers

Arguing doesn’t help you find a solution to the issue; it just tries to explain to your consumer why they are mistaken. A customer’s opinion is rarely altered by argument. Instead, it puts people on guard and exacerbates the already stressful scenario. Arguments frequently result from our intense internal need to be correct. Avoiding conflicts with clients doesn’t exclude you from educating them on how to use your products and service to prevent similar issues in the future.  Your role in customer support is to give your clients the tools they need to feel knowledgeable and confident using your products and services.

8. Not apologizing

A sincere apology works better to restore service than just money can. The best and cheapest method to improve a negative customer experience is to apologize for any mistake happen in your side. According to a study on effective apologies, the best ones were sincere, precise, and provided an explanation. Consider how you speak to the client. An ironic apology is seldom accepted properly. After accepting responsibility for your or the company’s error, give a succinct but accurate account of what transpired and a fix for the issue. Restoring your relationship with clients will be much easier if you can demonstrate that you are accountable enough to accept the problem and act rather than making excuses.

9. Lack of Manners

One unpleasant experience with a service representative that exhibits inappropriate behavior, poor manners, and an unfriendly attitude might result in churn in addition to unsatisfactory client experiences. Companies that don’t provide good customer service run the danger of losing both existing and potential consumers. Another biggest customer service mistake is that, according to a study, 42% of consumers stop supporting brands because they are turned off by unpleasant or useless supporting staff. Your tone of speech should be such that clients like speaking with you. Your tone will come off as melancholy, and on the phone, words and accent are much more crucial than in person.

10 Using Jargon

It’s crucial to refrain from using technical terms, slang, and other expressions with customers that are not related to your business. One of the many things that go against what clients expect is using jargon with them. Being able to provide customers what they want, pay attention to them, and interact politely and professionally with them is the core of both customer service and business. The usage of these words and phrases might mislead clients into thinking that they are being talked down to and purposely confused, which is another important reason to avoid using jargon with them.

Your company’s success depends on how well you treat your customers. This holds true even for the words you use to communicate with customers in customer service situations. For a firm to succeed, providing excellent customer service is a necessity. Because your business has little chance of surviving without satisfied, loyal consumers, you must make sure your customer service is of the highest caliber. We Fortune Technology LLC, through our ERP Produts like Fortuner, performing our customer service in a professional way to support and guide our Customers.

If the equipment employed weren’t calibrated, the accuracy and reliability of all such measurements would likely be questioned. Calibration is a critical step in every measuring procedure. It is because; a measuring device’s accuracy and the trustworthiness of the measured value are guaranteed via calibration. In most of the countries Calibration and Certifications are mandatory by law.

Importance of Calibration

Calibration refers to the accuracy and standard of measuring your tools and equipment. Calibration determines the measurement’s traceability and verifies the instrument’s accuracy. By guaranteeing the accuracy of instruments and equipment, calibration aims to reduce any measurement uncertainty.

The term calibration is interconnected with traceability. Traceability means creating a measuring standard’s or instruments’ accurate calibration by incremental comparisons with higher standards up to an acknowledged national or worldwide standard. Calibration involves comparing a measurement to a higher standard that can be linked to a national, international, or acceptable alternative standard.

The reading from a measuring device should be precise concerning the physical unit of measurement. The ultimate basic unit should be traceable to the physical unit of measurement through calibration. The unit of measurement for a base or derived quantity is defined or reproduced by a material measure or physical feature known as a standard.

Classification of Standards in Calibration Management Software

Standard can be broadly classified into five categories.

• International Standards
• National Standards
• Secondary Standards
• Working Standards

International Standards

International standards are those standards recognized by international agreements. In other words, technical standards created by one or more international standards are known as international standards. The world’s largest voluntary international standard developer is the International Organization for Standardization (ISO), which promotes global trade by establishing uniform standards for all countries.

Two other prominent organizations are contributing to international Standards. They are International Telecommunication Union (ITU) and the International Electrotechnical Commission (IEC). Collectively these three organizations formed the World standards Cooperation Alliance.

National Standards

A national standard is adopted by a national standardization organization and made available to the general public. Like international bodies, national standard organizations may collaborate to create national standards. Federal standards are also called regional Standards or primary standards. Generally, a national standards body (NSB) is a standardization organization representing a nation’s membership in the ISO. One of the hundreds of sector- or industry-based standards organizations that create and disseminate industry-specific standards is a standards developing organization (SDO).

Any measuring instrument that has been calibrated against a primary standard is a secondary standard. Analytical techniques are frequently calibrated using secondary means.

Gage blocks are secondary length reference standards that may be calibrated by contrasting them with primary gage block standards using a mechanical comparator and accounting for temperature. These gauge blocks then serve as the reference standards for determining values for test gauge block sets.

Stainless steel kilos are used as secondary reference standards for mass. They are calibrated by comparing them to the primary criterion on a high precision balance and adjusting for air buoyancy. These weights then serve as benchmarks for determining the values of test weights.

Working Standards

A working standard is an organized set of instructions. They make it simple to complete a task or calibration of equipment reliably, quickly, and repeatedly. Working standards are a crucial component of quality improvement projects and differ from other standard method. No verification or inspection work should be done using a standard that has not been confirmed since it is not regarded as an applicable standard. A work standard’s objective is to succinctly and clearly define a process as the steps necessary to finish a work cycle.

Importance of Calibration Management Software

Calibration Management Software helps Calibration companies to record the details of calibration engineers who have done the calibration of equipment.  A Good Calibration Management software can store different templates for Calibration Certificates and procedures for calibration

By comparing a measuring instrument’s value to a higher-level measurement standard, calibration establishes the accuracy of a measuring device. The accuracy of a measurement is estimated by measurement uncertainty. It is the range in which a measurement’s real value is anticipated to fall. The calibration module in Fortuner ERP helps you create different types of Master equipments used to calibrate other equipment. You can also store the names of different engineers doing the calibration.

Through this module, you can create different types of Calibration Orders, Equipment delivery and final delivery of calibrated Equipment and Final invoice to customers. All Calibration transactions are automatically integrated into Finance Module.

In conclusion, Instrumentation and Calibration is crucially necessary whenever measurements are significant because it gives users and companies confidence in the outcomes they track, record, and manage.

The word budget originates from the Middle English word ” budjet,” which means the king’s purse containing the necessary funds for public expenditures

A budget is an estimate of income and expenses for a given future period of time, and it is often created and updated regularly.

Importance of Budget for Manage Finances

A budget illustrates the trade-off made when one good is substituted for another in terms of microeconomics. An individual, a group of people, a corporation, a government, or anything else that makes and spends money can all have budgets. A surplus budget indicates that profits are anticipated, and a balanced budget suggests that revenues are projected to equal expenses. A deficit budget predicts that costs will outpace incomes in terms of the bottom line—or the outcome of this trade-off.

A budget serves as your company’s road map for manage finances in your business. For new businesses, creating a budget can be a bit overwhelming because they don’t have any prior data to use as a guide. However, with some estimates based on competitors’ performance and a basic understanding of a budget, you can finish your first budget and have a good framework for future budgets.

A budget enables you to run your business efficiently, estimate cash flow, and pinpoint functional areas that require improvement to manage finances. Realistic budgets are something that successful organizations spend a lot of time and energy developing since they’re an effective tool to gauge how far the company has come in reaching its objectives.

More than 50% of small businesses, according to recent research, do not have a defined budget. Without a budget, it’s possible that you won’t know how your company is doing. Critical business decisions like reducing unnecessary spending, hiring more people, or investing in new equipment can all be influenced by a budget. Even securing business loans from banks or other financial organizations can be done with the help of a thorough business budget.

Budgeting Methods for Manage Finances

Based on budgeting methods, budgets are mainly classified into Four Types

1. Incremental Budgeting
2. Activity-based Budgeting
3. Value proposition Budgeting
4. Zero-based Budgeting

Incremental Budgeting

Due to its simplicity and ease of understanding, it is the most popular sort of budget. It is generally considered the furthermost conservative approach. Simply words, incremental Budgeting involves taking the actual figures from the previous year and either adding or subtracting a percentage to generate the budget for the current year. In other words, incremental Budgeting involves starting with the current budget and adding or subtracting cumulative assumptions to arrive at new budget figures. These assumptions are often established by making several inferences from prior budgeting and cost data.

Incremental Budgeting doesn’t need complicated computations because it projects the future budget using the budget for the present period. Subsequently, it is regarded as the simplest method of Budgeting. Due to how simple it is to predict spending, incremental Budgeting may also aid in ensuring financial stability over time.

Activity-based Budgeting

Activity-based budget is a budgeting technique that involves an in-depth analysis of operations to forecast costs to manage finances. It determines the inputs needed to support the company’s objectives or outputs. Activity-based budget (ABB) does not create a budget using previous figures as incremental Budgeting does. Companies may minimize expenses by using activity-based budgeting (ABB), which will allow them to increase sales and increase profits. It is constructive for newer businesses and businesses going through significant transformations.

Businesses must evaluate their objectives and needs to decide whether it makes sense to deploy an ABB system. Activity-based budget’s ultimate goal is to identify the cost factors that affect the company’s profitability.

Value Proposition Budgeting

Value proposition budgeting focuses on evaluating and analyzing the values of each and every item on a list of expenses. It is also called priority-based Budgeting. Successful businesses and small start-ups who wish to evaluate their most valuable services can use this budgeting technique. With the value proposition technique, you may identify which areas demand attention and which have superfluous expenses.

Value proposition Budgeting is an outlook about ensuring that everything included in the budget delivers value for the business. Value proposition Budgeting is an excellent tool for determining where you should allocate money to bring in more income and satisfy current and new consumers. Determining value may be intricate, and regularly reassessing budget objectives is time-consuming.

Zero-based Budgeting

Zero-based Budgeting (ZBB) creates a budget in which each new period’s spending must be maintained. Beginning with a “zero base,” every function within an organization is observed for its needs and costs as part of the zero-based budgeting process.

While creating ZBB, there are no expenses that are automatically added to the budget. So the organization needs to start from zero and prepares a budget that only contains the operations and costs required to run the firm. For a price to be eligible for inclusion in the budget, it must be justified and acceptable.

Businesses primarily use zero-based Budgeting, but private individuals and families can also use it. By ceasing from making general increases or decreases to the budget from a prior period, zero-based Budgeting can aid in cost reduction.

Different types of Business Budgets

Every organization must create a budget since it serves as a planning and control tool. It lets firms establish and develop goals and objectives. It is so because estimating the financial resources might facilitate better decision-making. Functionality-wise, the budget can be mainly divided into types.

• Operational budget
• Financial budget
• Sales budget
• Production budget
• Cash flow budget
• Static budget
• Master budget

Operational budget

The operational budget is created at the start of the fiscal year to ensure the company has the resources to launch operations. It typically consists of capital, fixed, variable, and non-operating expenses. Before a reporting period, an operating budget is created as a goal or strategy that the company needs to accomplish.

An operations budget’s key elements include

• Revenue
• Variable Cost
• Fixed Cost
• Non-Cash Expenses
• Non-Operating Expenses

Revenue in the operational budget mainly includes Volume and price. Variable Cost primarily consists of the cost of goods sold, Direct Selling Expenses, Commission on Sales, Freight/Transportation Charges, Direct Marketing Expenses, and Direct Employee Cost. At the same time, fixed Cost includes Rent, insurance, Head office Expenses, etc. Depreciation and amortization are primary components of Non-Cash Expenses. Non-operating expenses include Interest, Taxes, Gain or Loss on Sales of Fixed Assets, etc.

Financial Budget

The financial budget calculates the resources needed to meet the company’s short- and long-term financial obligations. It also contains the business’s capital requirements. Financial budgets are used by businesses to decide on their assets, liabilities, and equity needs. Depending on the organization’s appropriateness, Income and Expenses are examined monthly, quarterly, half-yearly, or annually.

It is a very effective instrument for achieving any company’s long-term objectives. With this budget, your company is under greater control and has a more effective planning tool to handle inflows and outflows. The company can forecast its sales and manufacturing costs with the operational budget. As a result, the organization doesn’t create this budget until it has planned out all of its funding options in the operating budget.

Sales Budget

Based on anticipated sales, organizations may manage resources and earnings using the sales budget as a planning tool. Sales forecasting, the technique of predicting future sales income, is not the same as a sales budget. Sales budgets are financial plans that indicate how much revenue a firm will make over a given period. When forecasting a sales budget, companies consider variables including past sales trends, competitors” movement, and the present or anticipated economic situations.

Businesses may estimate sales and use their resources more effectively using a sales budget. A sales budget includes the most current pricing for a company’s item or service

The total income is the last component of the sales budget. This may be determined by multiplying the price per unit by the sales forecast.

Production budget

The production budget determines the quantity of items that must be produced for a particular period. It is distinguished from the sales forecast and the anticipated amount of Finished Goods stock to have on hand. A Production company generates cost budgets for the direct materials, direct labor, and overhead expenses needed for manufacturing based on this budget. Your production budget assists in maintaining an ideal balance between sales, inventory levels, and production and aids in the coordination of associated business policies and strategies. With the support of a production budget, the corporation may employ its people, plant, and machinery to the fullest degree feasible.

A production budget is mainly based on three components:

• Direct material budget
• Direct labor budget
• Overhead cost budget

Direct Material Budgets include all raw materials in stock, the Cost of those materials, and all materials used in production. It also contains all-natural materials that the company plans to use to create all the units of goods it anticipates producing over a specific period.

The entire Cost of all labor needed to produce the anticipated number of units makes up the direct labor budget. It consists of things like salaries, incentives, and commissions. The immediate labor budget includes the Costs and payments given to the company’s employees and other organizations that provide workers (Outsourcing Labour) for producing goods.

The overhead budget includes all expenses other than Direct Material and Direct Labour. Budget for overhead expenses must account for the Cost of products like lubricants, Glue cleaning solutions, and other items. This budget also includes the Cost of employees who aren’t directly involved in the manufacturing process, such as managers, security staff, quality assurance team, and others in a similar capacity.

Cash flow Budget

Organizations develop cash budgets by utilizing production and sales prediction inferences and estimating payables and receivables. The Cash Budget is a company’s estimated cash inflows and outflows for a given period—whether weekly, monthly, quarterly or annually. A cash budget will also provide information about cash requirements and surpluses, enabling you to assess how successfully your organization is spending cash.

Typically, cash budgets are created for either a short-term or long-term perspective. Long-term cash budgets concentrate on the financial needs for the next year to many years, whereas short-term cash budgets concentrate on the cash requirements needed for the coming week or months. A cash budget is required to determine whether a business will have enough cash to continue operating. In addition to making assumptions about necessary expenditures and accounts receivable collections, companies employ sales and production projections to develop a cash budget.

Static Budget

The static budget is considered to remain constant throughout the period, independent of changes that could impact results.

It combines predicted values for inputs and outputs that are thought of before the period in the query begins. It estimates revenues and costs for a given time period, but it doesn’t alter as company activity changes. Government, educational, and non-profit institutions frequently employ static budgets. A static budget acts as a roadmap or guidance for the general course of the business.

In a static budget, all numbers for inputs and outputs for the given time are predetermined. Organizations create a flexible budget while considering the present situation to assess various factors. All corporate groups often use this kind of budget. It serves as a company organization’s blueprint or guiding scale for a specific time period. By establishing such a budget, the corporation can keep track of both short- and long-term financial goals and the financial needs of each department.

Master Budget

The master budget, which also contains budgeted financial statements, a cash projection, and a financing plan, is the culmination of all lower-level budgets created by a company’s numerous functional departments to manage finances.

In short, a master budget is a comprehensive document that contains several smaller budgets.

A management team utilizes a master budget as its primary planning tool to guide company operations and assess the effectiveness of each of its numerous responsibility centers. An organization’s objectives and suggested means of achieving them are shown in a projected revenue statement and balance sheet that make up a master budget. To cover the whole fiscal year, master budgets are created as part of small business accounting, often monthly or quarterly.

Budgets are an excellent tool for manage finances and planning purposes. When making plans for the following Financial Year, you would typically target revenue based on setting your expenses. Budgets are intended to be dynamic. Make budget simple to amend them in case of unanticipated market changes. Fortuner ERP Application helps you create multiple budgets based on your business requirement and easily find the variance between actual and budgeted. Fortuner is primarily concerned with automating, managing, and improving the budgeting process.