article thumbnail

Customizing Coworking Spaces for Niche Markets: Smart Strategy Or Risky Move?

Allwork

Collaboration spaces equipped with interactive whiteboards and project management tools encourage teamwork and innovation. Collaborative spaces encourage ideation and project collaboration, while networking events provide exposure to industry experts and investors.

article thumbnail

An Admin’s Cheat Sheet to Business Terminology

All Things Admin

It is calculated by dividing the net profit by the investment cost. P&L – Profit & Loss: This is a financial statement that shows the revenues, costs, and expenses of a company over a particular period of time. ToS – Terms of Service: This refers to the legal agreement between a company or website and its users.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

Recordkeeping for legal requirements. This is actually a legal requirement mandated by the Fair Labor Standards Act (FLSA), so it’s not a step you’ll want to skip. Examining timesheets will also let managers know if certain employees are underperforming. Controlling costs.

Payroll 52
article thumbnail

Trello vs. Monday.com: Which platform is best for task management?

BMT Office Administration

Cloud-based project management software has revolutionized how companies manage their workflows, time-tracking, and communications for years now. That is unless you’ve yet to upgrade to a project management app, in which case you’re still stuck with the hassles of managing projects across multiple locations.

article thumbnail

Time management tools to help you get ahead at work

BMT Office Administration

If you’re looking for a no-cost timekeeping option, Clockify is a great alternative to traditional time clocks or paid time and attendance software. Project tracking is also great if you are in an industry such as legal or consulting where you need to track billable hours. QuickBooks Time (Formerly TSheets).

article thumbnail

Energy-Saving Software for Your Eco-Office

Eco-Office Gals

Online project managers allow you to post schedules and updates, assign tasks, communicate with team members, and virtually keep everyone on the same page, even when working remotely. These options are certainly quicker and less costly than managing everything through phone calls and snail mail.

Basecamp 100
article thumbnail

Project Derailed: Avoiding the Pitfalls of Commercial Construction

Small Business CEO

The majority of commercial construction projects are rarely straightforward and offer plenty of opportunities for cost overruns and other potential problems which could prove a setback when you are working to a deadline. There is also an overview of negotiating a fair price and bringing all the components of the project together.