Procedure To Register Section 8 Company In India

The section-8 company works only for social welfare without earning any profit. The main objective is to promote & development of society, protection of the earth, living creatures, environment and also promote education, arts, science, commerce, literature, etc. It is registered under companies act either as a private limited company or public limited company as required but there is no need to mention “private limited” or “limited” at the end of the name. It has all the features like private limited or public limited company Minimum of 2 people are required if it is started as a private limited company and 7 if it is started as a public limited company. There is no need to have any minimum capital amount to start section 8 company registration, it can be started with Rs. 100/- capital as well. The government will grant the license for social activity at the time of issuance of the certificate of incorporation which is valid until it is surrendered or revoked by the government itself. The registration is valid for the lifetime but to maintain the active status the company has to do annual compliances every year it includes ROC filing, ITR, KYC, preparation of balance sheet, profit & loss a/c, conducting board meeting and general meetings etc. if the company fails to do these compliances, then there is penalty provision which the company and directors have to face.

Documents Required For Section 8 company Registration:

Shareholder/ Director

Aadhar card
Id proof (driving license/ passport/ voter id); anyone
Address proof (electricity bill/ mobile bill/ telephone bill/ bank statement); anyone
Registered office address proof

Sale deed or house tax receipt if owned and rent agreement if rented
Utility bill (electricity bill/ mobile bill/ telephone bill/ gas bill); anyone
NOC from the person whose name is mentioned in the bill
NOTE: The address proof as mentioned above should be latest and not be older than 2 months.

Procedure to register the section-8 company:

Name Reservation: The name is a very important part of every company and it should be unique and reserved by the government as well. The section-8 company is exempted from using the word “private limited”, “Pvt Ltd”, “limited”, “ltd”, etc. at the end of their name instead of these words they can use “Foundation”, “Association”, “Organization”, etc.
Digital Signature Certificate: The Digital Signature is also known as DSC; it is equivalent to the physical signature and no forms can be filed until it is signed with the DSC. For DSC there are few verifications that the applicant has to make.
Drafting & Signing of Documents: After name approval, it is valid for 20 days only and the procedure must be completed on these days only. After the name is approved there are certain documents that shall be drafted and signed by the directors and shareholders of the company.
Submission of Final Form: After preparation of all documents as well as DSC then the only final form needs to file to the government along with all relevant and required documents and information. And if the registrar is satisfied with all the information and documents then they will issue Certificate of Incorporation, License, PAN, TAN, and DIN of the directors.
Also Read: Advantages And Disadvantages Of Section 8 Company

Clodura.AI, a Best ZoomInfo Alternative

1. Improved Data Accuracy and Coverage
Customers who spend premium money expect high-quality goods (in this case, excellent data quality and coverage). Many customers are dissatisfied with ZoomInfo.

Clodura.AI outperforms in terms of quality and promises a minimum of 95 percent accuracy with its human-verified data. On top of that, we provide the most mobile numbers, which are rapidly becoming the go-to outreach channel as WFH becomes the new normal.

Before joining up, most of our clients compare our data to all other data suppliers, including ZoomInfo, and we consistently come out on top.

Request a free data sample and judge for yourself. This is our cola test!

Take a look at this client who accomplished exactly that. “From each business, we collected a data sample. We sent the identical email campaign to each set of contacts and tracked click-through rates. Clodura.AI contacts had the greatest conversion rate.”

“We conducted random trials with each of the businesses and verified them against our datasets,” said another customer. To be honest, it was much worse. The majority of them were out of date.”

2. Contracts That Are Transparent
There have been many occasions when ZoomInfo clients have felt coerced by contract terms they were unaware of. Signing on the dotted line is like entering a minefield, whether it’s the infamous advance auto-renewal or the need to erase CRM data following license cancellation.

Clodura.AI’s contract is completely open, and consumers receive precisely what they bought for with no hidden surprises in the small print. In fact, we often go out of our way to fulfill unusual requests in order to alleviate our customers’ worries.

Your aim as a company is to get the most bang for your money. It’s also not simply about the monetary expense. Paying a premium for a subpar product while putting up with bad service contradicts the logic of a long-term company. You do have a better option. Ask for a demo to see the difference for yourself and take the first step toward making the correct decision

3. Data updates
Data is extremely dynamic in the B2B market.

According to Experian Data Quality, data errors may result in a 12% revenue loss and affect almost 88 percent of businesses! Furthermore, inaccurate data may result in material being sent to the wrong audiences or sales calls being made to the wrong individuals. Such blunders may harm your domain’s and brand’s reputation, as well as reduce the value of your brand. Clearly, there is a rising need to maintain data cleanliness, particularly in real-time, and unlike ZoomInfo, clients have reported that Clodura.AI handles this problem directly.

Clodura’s real-time data enables salespeople to respond quickly and capitalize on opportunities that emerge.

4. Sales Intelligence
Clodura’s AI-powered sales intelligence technology provides real-time triggers on more than 25 critical purchasing signals, ensuring that sales teams never miss another opportunity.

Meaningful Buyer Engagements: Your client’s time, like yours, is precious. Clodura assists you in identifying low-hanging fruit sales possibilities and allowing you to prioritize your approach appropriately. Your sales staff may get context via actionable data insights, allowing them to create the ideal sales presentation. With Clodura’s help, you can get the most out of every encounter.

Identify Sales Opportunities: Access all essential and reliable information on a single platform. Clodura examines your Total Addressable Market in real-time, keeping you informed at all times. Your sales staff can be at the top of their game with over 25 customized purchasing signal notifications.

Maintain a Competitive Advantage: Clodura provides high-quality, actionable data to help you maximize every business opportunity. You can remain one move ahead of your opponents with real-time statistics and customized notifications.

You will never again miss a sales opportunity with Clodura!

Sign Up For A Demo 5. Outreach campaigns
Boost your sales velocity by sending the appropriate message at the right moment for sales prospecting. Unlike Zoominfo, Clodura’s killer email sequence features aid in generating more interactions and booking more appointments.

Companies have reported Saving hours from tedious work by designing and delivering sales outreach email campaigns. With Clodura, clients have reported that they can easily set up scheduled email sequences to automate their sales outreach and contact as many prospects as possible.

With Clodura, you can track and analyze email openings, clicks, and responses for every email sent. Discover which messages and campaigns have produced the greatest outcomes. As templates, re-use your most effective and favorite sales emails.

Even better, Clodura connects with the email applications you already use. Connect your mailbox and other email sending applications to stay updated on all emails sent and received.

6. Better Return on Investment – Best Price Performance
One of the most frequent complaints about Zoominfo is that it is just too costly for the value it provides. Furthermore, they generally charge a 10% yearly uplift and a slew of additional fees for particular datasets.

Clodura.AI enables clients to fulfill their data requirements, create pipelines, and expand their businesses at a significantly lower cost.

According to one of our customers who has licensed both Clodura.AI and ZoomInfo, “I only have 5 licenses of the other platform and a team of 40 sales guys. They all download the data and eventually do everything Manually. Clodura gave me 40 licenses at a cost lesser than what I was paying for 5 licenses to the other platform. Now the entire Sales team gets the benefits of Automation and I can keep a track on all the outreach being done from my desk on a daily basis. “

What Are Pool Drain Hazards?

Here are some of the more common hazards that are associated with pool drains, according to inspectors who carry out pool safety inspections in Sydney.

The drain can fill up with leaves, hair, and other debris – If left unchecked, the debris could back up into your pool filter and clog it.

Foreign objects such as metal or rubber bands can get stuck in a drain grate – This will not only block the water from flowing through but also create an unsafe condition for swimmers by trapping them against open grates where they may be trapped at any time without warning!

Corrosion – Corrosion which can corrode away some of the metal parts inside of a mechanism very quickly. In order to rectify these hazards you should have routine maintenance done on your pools’ filters and drains each year during Spring Cleaning so there are no surprises come swimming season!

Falling – People will step on or fall into the drain while it’s uncovered. Another hazard that can occur is when a person is exiting the pool and they are unaware that there is water draining under their feet.

Bacteria – Bacteria and algae growth is another issue with pool water. Pools are typically a breeding ground for bacteria and algae if the pool water isn’t properly filtered and chlorinated.

Mould – Mould will also grow in your pool filter, on tile surfaces surrounding the pool or even around your liners if left unchecked over time.

Wild animals or pets – If you don’t have a cover over your pool then you should be checking to make sure there aren’t any animals in the area, because they might find their way into your pool through an uncovered drain and cause a clogging or other problems. If you have any loose birds nesting near the area of water it’s best to keep pets away for fear they’ll be lured by curiosity and fall into the pools unnoticed.

Insects and pests – People often forget about draining their pools at all which leads to stagnant water which attracts mosquitoes, flies, ants, bees, spiders, and other pests that cause disease.

There are more potential hazards related to having an uncovered pool than those mentioned here, but these are some of the most common issues people want warning about when considering what safety precautions should be made before purchasing a new swimming

So how do I know if my drain has an issue?

Here’s what a qualified inspection company would look for during a pool inspection in Sydney.

They will test whether or not it closes properly
Inspect its alignment within the wall
Check for rust around any exposed areas as well as in between nooks & crannies
Check areas where hair particles or other debris can lodge.

To avoid these hazards, it’s important to have a cover over your pool year-round so no one can access it without permission and to check regularly for any signs of animal life nearby so you can take steps before opening up your pool again after winter and make sure that the pool is free of stagnant water and only contains fresh, clean water.

If you need help with any of these problems, a qualified inspection company will provide solutions so that your drain is safe to use and doesn’t pose an immediate danger. For example: If there are rusting areas around the opening then they can be sealed off from water using epoxy or other sealing substances; if hair particles have lodged in between any nooks & crannies then this area should be cleaned out thoroughly before it’s covered up again after installation. These are just some examples of what could go wrong but also how easily something like this may be fixed by someone who knows what they’re doing!

Getting a pool safety inspection in Sydney is a legal requirement since you need a certificate of conformity for your pool area. Due to the many dangerous hazards that can take place in and around the pool, this is a very important piece of document to have. If you are buying a new home, then it is best to check that the seller already has this certification, because otherwise you will be liable for additional expenses in order to correct the issues that come up during a pool inspection.

Ohio Yard Ramps Will Improve Your Loading Operations

These days, efficiency is one of the most important traits you can bring to your loading dock. With supply chains and shipping in chaos due to the Covid pandemic and other factors, loading dock owners understand that maximizing safety, quality, and efficiency is of the utmost importance. One way you can do that is with Ohio yard ramps.

How can you maximize the use of your yard ramps?
Continuous Loading and Unloading
If you’re looking to improve your facility’s loading docks, yard ramps are a great option. They provide a safe and efficient way to move large items between your dock and the ground.

There are a few things to keep in mind when choosing a yard ramp:

The ramp should be able to handle the weight of the items being moved.
The ramp should be easy to use and navigate.
The ramp should be able to be used continuously and uninterrupted.
Easier Access to Semi-Trailers
When it comes to loading docks, yard ramps are an important asset. These ramps can make reaching and loading semi-trucks or trailers easier, making your operation more efficient. The right yard ramp for your needs depends on a number of factors, including the size and weight of the vehicles you’re loading.

In addition to maximizing your dock space by using yards ramps, there are other ways to improve access to your trucks and trailers:

Install a lifting system that uses magnets instead of ropes; this makes moving heavy loads much easier.

No More Damage to Docks
If you are in the business of loading and unloading cargo, then you know how beneficial an Ohio yard ramp can be for your facilities. Not only do they make the process easier, but they protect your docks from damage.

The right yard ramp for your loading dock depends on a few factors: the size of your dock, the nature of your cargo, and the type of trucks used to transport it. Here are some tips on maximizing the use of your yard ramps:

Make sure that your yard ramp is big enough for the vehicles being loaded or unloaded. Most yards have ramps that range in width from 12 to 18 feet. If you’re using a truck loader or a container truck, make sure to get a wider ramp.

Choose a yard ramp that is designed for the type of cargo being transported. If you’re loading cargo that is delicate or sensitive, get a ramp that is made of a stronger material.

Be sure to keep your yard ramp clean and free of debris. This will help prevent damage to your dock and the vehicles being loaded or unloaded.

Use yard ramps when possible to reduce the amount of time needed to load or unload cargo. If you have to use a dock ramp, make sure to use it in conjunction with a staging area so that the trucks do not have to idle on your dock while they are waiting for space on your yard ramp.

Safer for Employees

One of the simplest ways to increase your loading dock capacity is by using yard ramps Ohio. Yard ramps are great for quickly and easily moving large items from a truck or trailer onto your dock. In addition, using yard ramps allows you to load trucks in a controlled environment, minimizing potential accidents.

When choosing yard ramps, be sure to consider the width of your dock and the size of the item being loaded. Most yards have multiple types of yard ramps that can accommodate a variety of loads. In addition, many yards offer customization services that can make adapting a yard ramp to your specific needs simple.

What are some tips for safely using yard ramps?
When using a yard ramp Ohio, it is important to take safety into account. Following these tips can help keep you and your employees safe:

Use caution when loading or unloading goods from the ramp. Make sure you are facing the correct direction and use proper hand-luggage technique when moving items up or down the ramp.

Before using the ramp, check it for obstructions, such as tree branches that could potentially cause you to fall. If there are any problems with the ramp, notify someone so they can fix them.

Always keep an eye on children while they are using a yard ramp. Do not allow them to climb or play on the structure without adult supervision.

Whole Slide Scanner At No Upfront Cost

OptraSCAN is a leading end-to-end digital pathology solution provider has launched On-Demand digital pathology business model in England to strengthen the adoption of digital pathology. Pathology labs, healthcare networks, and hospitals can effortlessly adopt digital pathology solutions without any upfront cost and at affordable pricing solutions.

OptraSCAN support laboratories arrive at the optimal configuration of slide scanning instruments required to process efficiently their case throughput. We also offer an On-Demand business model to ensure the most compelling approach possible to financing digitization.

The seamless integration of OptraSCAN provides:

Walk away automation
Slides are scanned in less than a minute at 40x equivalent
Cloud-based whole slide imaging systems
Well-equipped for confocal, brightfield, fluorescence, and frozen section applications
Integrated image management and viewing
Real-time and remote viewing & collaboration
Quantitative and reproducible image analysis

The whole slide scanners that are available with this model are brightfield scanners – OS-Ultra, OS-15, and fluorescence scanners – OS-FL and OS-FLi.

OS-Ultra is a high-speed whole slide digital pathology scanner that scans tissues/cells of size 15×15 mm area at 40x equivalent in less than 60 seconds. OS-Ultra features a unique no-touch slide loading mechanism to diminish workflow errors and produce high-resolution images. The high-speed scanner comes with solutions – IMAGEPath®, the Image Management System apt for viewing, storing and archiving, and TELEPath®, Telepathology software used for real-time, and remote consultations.


Slide capacity – 80, 160, 320, and 480 slides
Continual slide loading capacity
Slides scanned at 0.25 microns per pixel (the equivalent of 40x)
Scanning time is less than a minute for 15×15 mm region
Patented composite imaging for cytology samples
Images generated up to 0.1 microns per pixel (the equivalent of 80x)
OS-Ultra high-speed whole slide scanner with Noiseless operation

Cytology Image analysis
Morphology tools for Breast and Prostate
IHC biomarker panel for ER/ PR / Her2neu / Ki67 / P53 / EGFR
OS-15 Histopathology and H&E Brightfield Scanners are cloud-enabled to provide the ultimate flexibility for storing, archiving, and managing digital images and metadata. This small footprint, low throughput scanners are lightweight and easily fit into small workspaces. Whole slide scanning is now convenient with high-resolution imaging. OptraSCAN’s Cloud-enabled solutions such as IMAGEPath®, the Image Management System apt for viewing, storing, and archiving as well as TELEPath®, Telepathology software used for real-time, remote consultations are included with OS-15 scanners.


Cloud-enabled 15-slide Brightfield
Desktop Scanning
20x & 40x magnification
Small footprint

OptraSCAN’s digital pathology scanners are easy to implement and can be integrated in any existing HIS and LIS.

This solution will further assist pathologists and cytologists to adopt digital pathology solutions in the UK.

Benefits of OptraSCAN’s Digital Pathology Solutions?

Provides the pathologist community much-needed flexible working model with a minimum upfront investment
Enables users to focus on their core areas of working without any technological and operational burdens
Supports easy scalability & integration within the user’s existing eco-system
Augments efficient workflows for multi-site collaboration, anytime & anywhere access
Allows integrated real-time remote connectivity for expert opinions & consultations
Offers great opportunities for education, research and supervision opine

Custom Candy Packaging Is Crucial to the Success of Your Candy Business

Do you want to take your bespoke candy packaging company to the next level? Are you looking for a cost-effective way to expand your business? If you answered yes, this blog is for you. Continue reading, and you’ll have some valuable suggestions and methods to implement to your business at the conclusion.

You will always need suitable avenues to advertise a firm, no matter what scale you are dealing with or preparing to establish. The more you make your business visible to your audience, the better the response to your candy sales will be.

The following are some extremely important methods that you may utilize to grow your candy box wholesale business.

Candy Boxes for Social Media Promotion

One of the most effective ways to reach out to potential and target customers is through social media. This is where the majority of your consumers spend their leisure time. All you have to do now is create a great social media persona.

Furthermore, you must post material to your social media accounts on a daily basis. The more active you are on your social media presence, the more benefits you will receive. Furthermore, the more you connect with your clients, the wider your reach will be, according to the algorithms of these sites.

You may interact with your audience on social media in a variety of ways. Uploading relevant material, such as images of your unique candy packaging, intriguing behind-the-scenes films, or posting customer feedback on your page, is one such approach.

All of these strategies will help your audience trust you by making your business more transparent and visible to them. It will be easier for you to attract consumers this way.

Social media also allows you to form a personal connection with your audience and get to know them better. You may use polls and surveys to ask your consumers questions about your products, wholesale candy packaging, or anything else you choose.

You’ll have a better understanding of what people like and hate about you this way. In a nutshell, it will provide you the opportunity to improve.

Custom Candy Box Stickers and Labels

Stickers and labels are one of the most cost-effective methods to promote any company. You may make your brand’s label and stickers more intriguing and consistent with your brand’s style by customizing them.

You may have your logo and name embossed on these stickers, or you can have your name and logo spot UV on them. The nice thing about these stickers is that you can use them in both indoor and outdoor settings.

Some stickers are designed specifically for use on car windows and doors. The easiest approach to advertise your business is to have your logo on cars and paste stickers of your candy boxes for sale.

For the whole day, automobiles cover a wide region. Your company’s name and brand will be shown on these cars, which will promote your product across the city. As a result, more individuals will get familiar with your brand and the items you provide.

Furthermore, these stickers may be made of any material and have a vinyl coating applied to them to protect them from sunshine, heat, and other environmental conditions. Furthermore, an add-on may be used to make these stickers even more fascinating.

Your Candy Box Can Be Customized

Custom candy packaging boxes are another low-cost and efficient approach to market your candy business after custom stickers and labels. Customization has the advantage of allowing you to change any part of your packaging design, including the material, box size, and form.

You may make your candy packaging wholesale boxes out of any material you like, including Kraft, cardboard, cardstock, and paperboard. All of these materials are recyclable and biodegradable, which means they won’t end up in landfills as garbage.

You may always recycle and upcycle them into something useful. Aside from the packaging material, you have the option of selecting the size of your wholesale candy boxes based on the dimensions of the goods you intend to place within.

You will be able to avoid having excess packing material end up in landfills by doing so. Furthermore, by using this clever packing method, you will be able to save a significant amount of money. Perforations and inserts can also be used to keep all the candies in place while placing them in bulk packaging.

You may also apply an add-on to improve the overall appearance of your candy gift boxes wholesale.

There are a variety of add-ons available, such as PVC windows, that will allow you to see the candies from outside the box. These windows may serve two purposes: they can pique the interest of children when they see your boxes on the display rack, and they can also operate as a deterrent to theft.

Another way these windows may assist you is by making your packaging visible, allowing people to trust your products and brands more easily.

Want To Make Business Successful? Then Know About Important Business Statistics Methods

There are main aspects and points that people need to check before doing or running a business. We know that this is not an easy task to write all these points. That’s why we are here to help these people as well as students so that they can easily get valid points from us and complete the work within the given time. With our Business Statistics Assignment Help, you can easily connect with us and get valid information about the topic.

Here Is A Look At The Top Small Business Statistics Methods

Know About All The Business: This is the actual fact that gives the new direction or idea about the competitors around you. Before starting any business, you have to check the businesses around you so that you can easily make the best options in terms of services and products. You have to select the superb way to make the changes in the method which you are using. This actually gives a new direction and motivation to you so that you can run your business perfectly in the business world.

How Many People Getting Jobs From These Kinds of Businesses: The fact is that you have to check the detailed information about these businesses so that you can know about their profits and manpower. The fact is that you have to connect with the people to get the valid points so that you know the growth and business expansion as well as their financial status.

Main Reasons To Open These Businesses: Everyone is working for their growth and we have to know about the actual facts behind these businesses. To make your work perfect, you need to do lots of tasks like you have to research a lot so that you can connect with the clients as per their demand. By selecting the assignment help online service, you can easily get valid points about these topics from us with accuracy.

See The Main Reason That Hits Businesses: We can see the many changes in the business world due to various reasons like Covid 19, due to this many businesses are closing and many of them are on the end. The fact is that we have to plan accordingly so that we can sustain in the business world for a long time without any issue or delay.

Try New And Modified Methods Or Tricks: This actually gives a new direction to your ideas; you have to connect with the people and know about their requirements. You have to work accordingly so that you can solve all the issues that come in your way.

BookMyEssay team knows the quality methods to handle the student’s queries. They always write unique and topic-related information in every Business Statistics Assignment Help. In this article, BookMyEssay has defined the various options and aspects of business statistics for small or big business owners. Now, you can get the additional information from our writers at BookMyEssay “my assignment help”

Restaurant Accounting: Key Things To Keep In Mind

What is Restaurant Accounting?
Restaurant accounting is the practice of documenting and working out a restaurant’s financial data. It gives insights into the business, improves cash flow, and helps compete with market prices.

Restaurant accounting includes the following:

Creating a master document for all transactions
Preparing a bank reconciliation statement
Analysing journal and ledger entries
Categorising transactions, mainly expenses
Managing accounts payable
Managing and completing tax returns
Checking financial records and balance sheets
To make things easier for you, we have provided some crucial restaurant accounting tips to keep in mind.

Things to Keep in Mind for Restaurant Accounting
Here is a list of tips to keep in mind for better restaurant accounting:

Understanding the language of finance
Most of those who start a restaurant business are not trained accountants. As an owner, to successfully master the skill of restaurant accounting or to understand the insights given by restaurant accounting solutions, you have to be familiar with financial terms like balance sheet, debit and credit, records, cash flow, etc. Also, learning the basic rules and terms can help you understand how the accountant or the bookkeeper is working on your restaurant’s financial records.

Leveraging a restaurant accounting software
A restaurant accounting software that can integrate and handle multiple financial operations has long-term benefits for your business. With digitisation, you can automate many tasks and be notified to pay taxes. Before choosing your restaurant accounting software, ensure that it performs all the required functions.

A robust restaurant accounting service can help you improve visibility in the market and set competitive prices. As per the Mordor Intelligence expectation, the accounting service and software market will grow from USD 12.01 billion in 2020 to USD 19.6 billion by 2026. With this demand, we can witness a compound annual growth rate of 8.5% between 2022 and 2027 in this industry.

Maintaining accuracy
Often, we try to round off our spending and turnover to make the calculation smooth. Rounding off some figures here and there can mess up the analytics and your understanding of financial insights. Underestimating accuracy can lead to a severe financial crisis.

To get a clear picture of the expenses and profits, entering every detail of the prices and expenses is a must. It will help in gauging the precise ins and outs of the cash flow. This will further help yield better results in the next month or even quarter.

Creating a habit of daily bookkeeping
To effectively run their businesses, restaurant owners must make a habit of bookkeeping. This means recording sales and expenses as a daily practice. Eventually, they can get a sound idea of how the various financial operations (tax payments, penalties, cash flow management, etc.) are run. Business owners can accurately track variable expenses, also known as running expenses (like the cost of spilt food, electricity bills, water bill, etc.). Outsourcing tax preparation can also relieve some burden of bookkeeping from the restaurant owners and managers.

Regularly generating analytical reports
Visualising data helps us understand the figures better than simply reading textual reports. Analytical reports aid in preparing periodic financial statements. These reports help the owner understand the restaurant’s profitability. Generating these reports after a fixed period (usually every one to two days) assists the owner in getting a detailed insight into the behind-the-scene aspects of finance. Collecting this granular accounting data every one or two days should be made into a habit. These reports can also guide the owners in planning how to take the restaurant business to the next level.

Benefits of Restaurant Accounting Solutions
Often restaurant owners and managers find it tough to manage the accounting with the core business goal, i.e. to serve great food. With a restaurant accounting solution in place, the restaurant owner can save time by delegating accounting and administrative work, can eliminate data-entry redundancy, and can dodge fines through active tax planning. Restaurant accounting services also give them a reality check on their financial state.

Managing the accounting functions of a restaurant can either make or break the business. Thus, owners must heed the key points to fix an efficient restaurant accounting system. We hope this article has given you a precise idea of the essential things to keep in mind when leveraging restaurant accounting. If you want to manage and automate restaurant accounting operations efficiently, opt for a virtual accounting service.

Carbon fiber parts & Carbon fiber sheets in Advanced Composites

Rockman Advanced Composites is an AS9100D certified Indo-British enterprise that deals in carbon fiber composites such as high-end electric vehicle composites, motorbike composites, aerospace composites, Defence composites, railway & marine composites, and more commercial application composites since 4 decades such as Carbon fiber parts, Advanced Composites & Carbon fiber sheets, Carbon fiber tube…The auto component industry manufactures a wide variety of products including engine parts, drive transmission and steering parts, alloy wheels, body & chassis, suspension & braking parts, Chain kits, equipment & electrical parts, among others. The company also has been conducting its business in more than 35 countries. It aims to achieve its vision to strengthen the focus on mobility, technology, and creating a global footprint, with Hero MotoCorp. Rockman Advanced composites industry, or Advanced composite materials industry, is characterized by the use of expensive, high-performance resin systems and high-strength, high-stiffness fiber reinforcement.

Customer Retention: How to Identify the Right Approach

Customer acquisition is stressed repeatedly in every stakeholder meeting to generate leads and revenue in any organization. However, what most organizations fail to focus on to understand how necessary customer retention is.

What is customer retention?
Customer retention management refers to an organization’s ability to retain its existing and newly acquired clients over a specified time. For example, Starbucks has some excellent reward program strategies (a customer retention strategy) praised worldwide.

If you ask your team to focus 50% on acquiring new customers and 50% on retaining existing customers, the latter’s lifetime value and royalty would be higher.

Did you know that 68% of your sales come from existing customers? (Source: SAS and Loyalty360)

A lot of customers that you acquire may not even come back once they shop from your website. Maybe, you offered them a discount on their first purchase that made them stumble upon your website in the first instance. However, the actual game lies in repeating the purchase cycle of newly acquired customers.

Customer retention strategies require consistency, effort and should make customers feel connected with your brand.

How can you be a brand that customers remember when they think of products and services that you sell?
Here is how brands can leverage and strategize themselves to retain existing and newly acquired customers:

Content is king
Reciprocate great gestures. Understand customer needs and help them with suggestions, tips, and tricks of their interest that tangents to your product/services.

Know that when you add value to their needs, they would add value to your revenue.

Highly personalized messages, especially which are handwritten, show how much a brand values them. If a brand can spend time sending you handwritten notes, its impact on customer experience is vast. It is one of the ways you can do more than a customer expects. After all, a competitive edge is inevitable when you do more than other brands for enhancing CX.

In such a case, when you try to ask for feedback from customers, they will also spare time to help you grow.

Be consistent and exceptional
Customers use multiple channels to communicate with your brand. When they explore various channels, various touchpoints define your relationship with them.

Consistent CX is not easy. It takes efforts that should be consistent and seamless. If you are well-versed with customer profiling, it becomes easier to communicate and solve customer problems. First, understand which channels they prefer, web pages they land on, their behavior, how much value potential they have, and where their journey ends. Then, push relevant messages, emails, alerts, and recommendations accordingly.

All of your brand channels should identify your brand’s voice and try to provide a seamless, fluid interaction across all channels and touchpoints. Customers usually enjoy messages from businesses that know them. Drive context, ensure continuity, and prefer simplicity to make your interactions delightful.

Be prompt in responding to queries
High-tech platforms have succeeded in answering level one of queries, but a human touch must fulfill the final level of customer interaction. Self-service portals could be an excellent option to immediately resolve their questions when you need to notify customers about a delay in response or operational working hours. However, self-service portals are not a good option when the user complains or has suffered a loss while purchasing your product/service. Try to reduce your average handle time for each set question. You can make a list wherein TAT is pre-decided for a specific type of query. Addressing queries fast and right makes a lot of difference in enhancing CX, which shoots revenue significantly.

Automate operational processes
There is routine operational work at every organization that takes a large amount of your time to complete. Such tasks need to be automated, such as – sending a thank you email, welcome note, and emails for the unsubscribed list. Billing and paying through a card can also be done using payment software. However, doing all the activities manually can be time-consuming. When you do this, keep integration and data quality in check. You can even use tools to connect with your customers who have left you using push notifications. This way, you can work on your strategy better, schedule mailers, and notify the event in a blink of an eye.

Have a complaint management system
You should be aware of user dissatisfaction, which is especially true for high-value customers. They are not just frequent buyers but also advocates of your brand. Allow them to engage in word-of-mouth activities in a suitable manner. Complaint management in place would ensure that users do not switch to other brands. Answer critical questions wisely and build trust through such relationships. Allow yourself to feel a complaint like an opportunity to expand your consumer analytics, solve a user problem and add another customer to your loyalty list.

Have KPIs for delivering customer service
What if you try a marketing campaign and are not able to measure results correctly? Have the right KPIs in place which can effectively measure organizational goals. Setting interim KPI goals can evaluate if you are going in the right direction.

KPIs to take care of are:

Response time – Time taken to respond to a customer query
Conversion rate – Response rate on contacting customers through a call or an email
Drop rate – Number of users who have unsubscribed to your service
Actions per engagement – Change in behavior of a user based on your customer reach
Customer lifetime value – How much a customer is worth your business in the long run
These steps will help you state your purpose of getting in touch with a user, build brand value and end with an action step.

The results are bound to change once you apply the above strategies. All of this needs planning and implementation and constantly improving existing processes in action. Be honest and transparent with your customer. Have a retention strategy in place at all times rather than just having an acquisition strategy. Earn brownie points for the future by giving those discounts, free vouchers, and loyalty bonuses to make them feel valued.

There are very few brands that try to customize and retain existing clients properly; we want you to be one of them. Know what they want, incentivize their return, provide them testimonials and be genuinely helpful.