When dealing with perishable items, like fresh food and other produce, it is incredibly important that you have effective beverage distribution strategies. Implementing reverse logistics and strong distribution methods will allow you to closely monitor your stock and...
Australian summers are notorious for their scorching hot days. Sometimes this is hot and dry, as outback heat is dragged over the country’s coastal cities, blanketing them. Sometimes this is hot and humid meaning thick, sticky air which can be hard to breathe in,...
In any workplace, unwanted interruptions are something to be avoided at all costs. This is especially the case for those who work in an environment where they participate in a lot of calls. This calls could be over the phone or they could be via a web based software...
You’re probably a little confused as to what data analytics solutions actually refer to. Put simply, it refers to the processes and systems implemented in a business’ operations, which are designed to evaluate information and derive conclusions from the information...
In this day and age trends seem to come and go but one that seems to be sticking around is a zero-waste lifestyle. This is a term to describe those who try their very best to reduce the amount of waste that they are putting into landfill. This means that they recycle...
Marketing professionals spend years studying their craft and learning about consumer behaviours that shape how dollars are spent. This informs much of what business does behind the scenes, altering the message and investing their own equity into endeavours that...
In life, everyone gets sick and most of the time illness never comes at a convenient time. Whether you’re about to go on holiday or are in the middle of a busy work week, being genuinely ill is both physically and emotionally draining in all aspects of your life. For...
Most of the time people think of printed balloons are cheap party accessories that merely get discarded once the event or party is over. However most people are completely unaware of the full potential that these types of decorations has to offer. They are so much...
As people begin to prefer to live in smaller homes making more use of limited space, creative furniture options are becoming more popular. People want something more flexible that gives them more options and value for their money. A modular sofa is a great example of...
What holds more value in the new startup world – a blockchain incubator or an accelerator? These are two exercises that have similar and contrasting elements at play. The end goal might be the same, but the way they arrive at that point can be very different in style...
While there are times in life where people have no choice other than to seek professional support form an attorney, this doesn’t mean that people are always happy about this. There is a common misconception out there that family lawyers in Sydney are out to steal...
When dealing with perishable items, like fresh food and other produce, it is incredibly important that you have effective beverage distribution strategies. Implementing reverse logistics and strong distribution methods will allow you to closely monitor your stock and ensure that inventory is delivered to all the important parties at a suitable time and place. If you’re working in an industry where fruit-flavoured liquids are a sizeable chunk of your inventory, then you’ll want to ascertain that your inventory strategies are flexible and practical. So, let’s check out some of the reasons why instigating effective juice logistics is a worthwhile investment.
If you improve your inventory management strategies, you’ll quickly find your overall business costs dropping. This is because you won’t to have pay as much for any relevant warehousing costs or storage facilities. If you are shipping fresh liquids that are subject to expiry, they need to be placed in refrigeration while they are being transported from manufacturer to wholesaler to retailer to the consumer.
The last thing you need is your stock sitting in refrigerated warehouses for days – where they are only costing you money, not making you money. Instead, if you plan accordingly and structure your juice logistics well, you’ll find you’re actually saving your business money.
More importantly, fresh flavoured liquids will expire at some point – far quicker than other food-based products. As a result, you can’t afford to be letting a shipment of fruit liquids to be left in a warehouse, as they will soon expire. If they expire, they simply can’t be sold. Not only are you missing out on the income from that shipment, you now have to pay for that stock to be removed or disposed of in an ethical way.
Avoid supply chain gluts
Another problem that could arise with poor juice logistics is you could encounter supply chain gluts. Imagine your stock expires while it’s in inventory circulation – not only is this a time consuming endeavour, but it’s also going to set back your operations. You don’t want to be consistently remedying supply chain gluts, where stock isn’t moving and you’re only burning money.
Save some time
An effective system of juice logistics can also save you a lot of time when it comes to organizing your beverage distribution channels. Having a centralized system can help ensure that everyone is aware of where all stock is being moved in real time. When issues arise, like a late shipment because of a malfunctioning refrigerated truck, contingency solutions can be devised and amended to your juice logistics framework.
A strong system means fewer complications
If your firm has a streamlined system of juice logistics, it means that your business will encounter fewer complications. A flexible system ensures that your produce is delivered on time and without too many hassles. Having a small back-order or oversupply of fruit beverages means you can meet temporary inflations in demand or problems where the stock is damaged or invalid by the time it reaches the retailer.
If you’re a retailer of fruit beverages, the last thing you want is dodgy inventory. If you want to ensure that your customers keep coming back to your store, they need to feel like they are receiving the best quality produce. Out of date beverages are not going to help you build a strong case as one of the most reputable retailers in the area. However, you can minimize any problems by implementing efficient juice logistics strategies, which will also go a long way in helping improve your business’ reputation and perception in the public sphere.
Australian summers are notorious for their scorching hot days. Sometimes this is hot and dry, as outback heat is dragged over the country’s coastal cities, blanketing them. Sometimes this is hot and humid meaning thick, sticky air which can be hard to breathe in, posing equally difficult working conditions.
What does this mean for workers that uses scaffolding in Melbourne?
Workers in the Australian construction industry often work under these hot conditions – and often in unsheltered areas meaning exposure to harsh direct sunlight. Exposure to UV radiation like this can pose serious hazards such as sunburn and dehydration.
Heat stress is when one’s body can’t cool itself enough to maintain a healthy temperature. Workers in these conditions are prone to encountering this. This leads to a number of uncomfortable symptoms. Here are just some…
• Tiredness and fatigue
• Headaches and dizziness
• Extreme thirst and feeling faint
• Red, hot skin and high body temperatures
• Dry swollen tongue and slurred speech
• Aggression and confusion
In extreme cases, this can also lead to…
• Rapid heart rate
• Convulsions and seizures
With Australian summers in recent years reporting intense heat for longer periods of time, and higher temperature extremes, it seems the risk of heat stress for those working on scaffolding in Melbourne is only increasing. Workers are in hotter conditions than before, and it’s increasingly imperative to put as many safety measures in place as possible.
Here are a list of recommendations for the scaffolding workers in Melbourne under heat and sunlight…
• Increased fluid intake – before, during, and after work
• Sunscreen application
• Using a hat and sunglasses
• Covering arms and legs
• Create shade where possible
• Becoming aware of one’s own medical conditions – and susceptibility to heat stress
• Regular consumption of food – to keep up energy and electrolytes
• Sufficient sleep for work – to fight fatigue
• Cautious use of caffeinated drinks – as these can exacerbate dehydration
Heat safety gear
All workers should be provided with the following equipment to help ensure their safety in the heat. Manage heat in the scaffolding workplace in Melbourne with…
• Water bottles – all workers should have refillable bottles (or hydration packs)
• Helmets – not only shield from falling debris but also give the face extra shade from the harsh UV rays that can permeate the workplace
• Cooling vests – contain four or so pockets, in which ice packs can be inserted. This adds relieving coolness and comfort in the face of excessive heat.
• Neck protection – a shade piece for the back of the neck can be hung from under the helmet (neck ties may also be worn)
• Gloves – to add protection to hands from injuries that may be acquired from use of hot tools, scaffolding frames in Melbourne, and machinery like chainsaws and drills.
The Australian summer months bring rising temperatures that pose serious risks in the construction site. Extreme temperatures in the scaffolding workplace in Melbourne are thus a health hazard to the staff onsite, and should not be taken lightly.
Heat stress, dehydration, heat-related injuries and fatalities are all real consequences of working in this environment, but the majority of cases are easily avoidable. To keep scaffolding workers in Melbourne safe and productive, employers and employees alike must be educated about these potential dangers.
It’s everyone’s role in the scaffolding workplace in Melbourne to know the risks, and the personal and managerial precautions to collectively take. Employers and employees alike should monitor one another for the indicative signs of heat stress, and know what to do should an emergency arise.
In any workplace, unwanted interruptions are something to be avoided at all costs. This is especially the case for those who work in an environment where they participate in a lot of calls. This calls could be over the phone or they could be via a web based software such as Skype.
When people are participating in such communication with someone, they must do everything they can to ensure that the other person feels heard. It is extremely hard to achieve this when people are interrupted during an important call and will find themselves losing track of the conversations. This can come across as dismissive and rude and may even cost someone an important sale.
The good news is that this can easily be avoided so that people in group office environments are still able to be productive. An extremely way to avoid this is by implementing a tool otherwise known as a busylight. This device flashes when there is an incoming call so that people are able to decrease the chances of missing a notification. In addition to this, the device changes colours depending on the status of the user making this the perfect tool for any office worker.
How a busylight is able to help reduce levels of stress in the workplace
When people are interrupted, little doses of the stress hormone cortisol is released into their system. When this happens over and over again, a person’s cortisol levels will eventually deplete which will leave them feeling wired, stressed, overwhelmed, and tired. As this is the case it is a wise move for people to do everything they can to ensure that they are decreasing the amount of times that their “fight or flight” response is set off throughout the day.
While it may not be possible to completely remove all stressors in someone’s life, people are able to take active steps that will allow them to reduce them greatly so that they are feeling less overwhelmed and more productive throughout the day. This will often have a ripple effect throughout an office and soon enough a company is able to curate a wonderful team who are truly happy with where they work. On top of all of this, when people reduce the amount of interruptions they have throughout the day, they may even be able to make more sales.
When a business implements a busylight, they are able to help their workers communicate with one another
Another reason why it is such a good idea to implement a busylight in the workplace is because this will often help workers communicate with one another. The whole idea of this device is not to deter people from approaching each other throughout the day but rather to encourage them to approach at the correct time. For instance, if someone is on a call and their status colour is on, a person knows not to approach.
They can instead send a calendar invite with a suggested time that they are able to get together and chat or they are able to send a private message or email. This way the person will see the message when they get off their call and they are then able to speak to the other person when it is suitable for them. This can lead to things running more smoothly in the workplace and can even help ensure that people aren’t becoming annoyed with each other.
A busylight may be a relatively small and inexpensive tool, but it certainly does pack a punch when it comes to increasing productivity in the office.
You’re probably a little confused as to what data analytics solutions actually refer to. Put simply, it refers to the processes and systems implemented in a business’ operations, which are designed to evaluate information and derive conclusions from the information that comes through the business. As a result of this information, the business then seeks to develop strong strategic decisions based on such information, all in the hope of improving their market position.
Because most businesses have an online domain, there is a copious amount of information coming through a business’ website every hour of every day. How your business utilizes things such as ‘big data’ will go a long way in building a firm’s competitive advantage in the market place. Investing in such strategies is one of the first steps needed if you’re trying to differentiate your business. So, what are the main benefits of data analytics solutions? Let’s find out!
Watch your costs fall
One of the main advantages of hiring a company that specializes in data analytics solutions is they will be able to identity and pinpoint any existing flaws in the way you run your business. A few of your departments might be leaking unnecessary costs or perhaps your marketing budget is being underutilized. Whatever the problem may be, a specialist company can help you diagnose the problem and create effective solutions. This might involve devising department budgets to maintain cash flow or leasing office equipment over a period of time as opposed to purchasing them outright.
Improve your profit margins
Data analytics solutions can also help your business improve its profitability margins and enhance overall revenue. So how would this work? Examining all the information that comes through your business can allow you to pinpoint certain trends in your sales. Which products or services are in the highest amount of demand? Are some of your offerings dwindling? Building a business model that is framed around your company’s strengths starts with efficient data analytics solutions. Customizing your products and services can help your business be more profitable and that begins with knowing what the customer wants.
Enhance your market expertise
Integrating data analytics solutions into your business’ processes can help you improve your knowledge of the market. Who are the big players? What are the noticeable, emerging trends that could really shake up the industry? Acquiring this sort of knowledge stems from how your company uses and examines its raw information. Having a solid projection as to the trajectory of your market will ensure that your strategies and goals are actionable and practical. Put simply, your business can stay ahead by using data analytics solutions.
Bolster your company’s reputation
How your business is viewed in the public sphere is one of the key determinants of long-term business success. With the growth of social media and online selling channels, your brand’s online equity is paramount, especially if you’re looking at online distribution channels. Examining your raw information is really important – you need to be monitoring how many negative or positive connotations are identified with your brand, your personnel or your products. You need processes and systems that are continually analyzing Facebook and Twitter feeds for anything that could harm your company’s reputation or credibility in the business world.
Bad publicity could damage your sales and your company’s ability to retain lucrative, long-term customer relationships. However, if you have specific systems in place, you’ll be able to identify such concerns before they become a serious problem for your firm. You can effectively counteract the damage of poor online reviews so it doesn’t massively harm your firm’s external reputation.
In this day and age trends seem to come and go but one that seems to be sticking around is a zero-waste lifestyle. This is a term to describe those who try their very best to reduce the amount of waste that they are putting into landfill. This means that they recycle what they can, they may grow their own foods, and they aim to purchase items that aren’t wrapped in plastic.
While there are many households that understand that importance of this kind of lifestyle, there are also some businesses out there that are following suit. Businesses use the majority of resources in the world and so they are the ones that need to make the most change. A great way to encourage more corporations to do this is by shopping at places that are taking steps to run a more eco-friendly business.
This can involve looking into ways to use less water, to use packaging that can be recycled, as well as looking into systems such as solar power. Whatever the case may be, it is extremely important to support such organisations which is why this article will look at how to find online printing companies that are environmentally friendly.
Search for printing companies that use recycled paper
When it comes to this kind of service, there is a great amount of power and energy used. Furthermore, there are a great amount of trees that much sacrifice their lives in order to provide this service. As this is the case, it can be a wise move to search for printing companies that use recycled paper.
This can be usually be found by performing a simple Google search. All people have to do is type their query into the search bar and they will likely be shown results that are near them. They are then able to visit a few different websites to see what their outlook is on recycling and they are able to ensure that they state that they use recycled paper. It can also be a good idea to visit such sites as many conscious businesses will share tips on how people can be more environmentally savvy at home. For instance, it can be a wise move to increase the margins on a page so that more text can fit on a page and so less pages are used.
Find printing companies that are environmentally friendly through word of mouth
Another great way to come across printing companies that use environmentally friendly methods is through word of mouth. People are able to chat to those around them such as colleagues, mentors, ex-colleagues, or even friends. When people do this, they are able to ask about the businesses that these people currently use or have used in the past as well as what they thought about these organisations.
In addition to this, people can ask if they know if the printing companies they use are environmentally friendly or not. The great thing about this is that people may not have ever thought about this before and may be sparked to learn more after having such a conversation. Many people may not know of a place directly but they may be able to point people in the right direction of someone who does.
However someone goes about finding environmentally friendly printing companies, starting the conversation and making this small effort is often enough to create a ripple effect and hopefully more businesses will follow suit. This can help contribute to a future when everyone pitches in to take care of Mother Earth.
Marketing professionals spend years studying their craft and learning about consumer behaviours that shape how dollars are spent.
This informs much of what business does behind the scenes, altering the message and investing their own equity into endeavours that attempt to garner a healthy return on investment.
In 2019 the field of marketing is in something of a state of flux, with traditional outlets still banking on word of mouth and print advertising as their main form of promotion.
One of these traditional forms that are overlooked is the concept of balloon decoration, items that carry a certain perception among marketers to be a luxury reserved for specific occasions.
Yet they happen to be one of the most cost efficient modes of promotion to pass on many benefits to the company if they are utilized effectively.
Let us explore why that is the case and why your business should be embracing the balloon.
Low and Competitive Production Cost
When a marketing item can span anywhere between 5 inches to 8 feet in diameter only to cost cents on the dollar per item, balloon decorations make sense when you speak to an accountant. From posters and billboards, flyers and magazine articles, there are other physical forms of promotion that simply blow out the budget to obtain eyeballs from the public. Weighing up the balloon against these other options only leads managers to conclude one thing – that they make financial sense given their competitive production cost.
Name your place and balloon decorations can fit into the interior or exterior of a location. From a store opening out the front of a main street to an office party inside, the roof of a premises to notify passers by, or to highlight an area of a department store that has a special offer – the flexibility speaks for itself. Managers can get caught in purchasing a marketing tool that has a singular purpose or position, but the balloon does not fall into that category.
Used For Specified Events and Seasons
Is it Valentine’s Day? Why not issue a set of love heart-shaped balloon decorations for the shop front? If it is during the Christmas rush, there is every chance to incorporate company logos onto Santa and sleigh merchandise fitted for an inflatable balloon as well. From Easter to summer seasons, promotional giveaways, bonus offers and freebies for the customer, this method to broadcast to the public can be customised to suit any event or season that you wish.
Crosses the Demographic Divide
Young children and the elderly agree that balloon decorations catch the eye and are fun to enjoy. Much of what we think about marketing is cynically dividing people up into groups or demographics, targeting them for their interests and offering things that they would respond to. The balloon does not discriminate – the same principle that applies with fireworks.
Lightens the Brand Image
There is a public relations angle that is evident with balloon decorations when it comes to the brand image. These are items that inform the public that they are open, warm, welcoming and friendly to the community. We do not consciously think this way about companies we come across, but they are evident on a subconscious level.
Securing bang for buck is impossible to guarantee in the commercial world given all of the circumstances and factors that are out of the control of a business. All we can do as managers is read the behaviours of the consumer market and from the evidence that we read and what we see with our own eyes, balloon decorations provide a cut-through and keep costs low to justify their ongoing existence. Don’t let anyone tell you they are just for kids parties because they offer results.
In life, everyone gets sick and most of the time illness never comes at a convenient time. Whether you’re about to go on holiday or are in the middle of a busy work week, being genuinely ill is both physically and emotionally draining in all aspects of your life.
For this reason, it’s essential that you connect with a local medical practitioner who will be able to diagnose your condition, advise you on an appropriate course of action as well as prescribed any necessary medication or tests.
With the advent of smartphones and geographic indexing of businesses on the internet, the most common way people tend to find a reliable GP is by searching the phrase ‘doctors near me’. This combination of words takes advantage of GPS enabled apps like Google Maps in order to find the nearest possible provider.
However, just because a GP is physically the closest to your home doesn’t mean that they are necessarily the best choice when searching for ‘doctors near me’. There are a lot of other elements you need to take into consideration prior to making a final choice.
Let’s take a look at some of those considerations.
Ratings and reviews
When you perform your Google search for ‘doctors near me’, make sure you keep an eye on their star rating and customer reviews. This can be one of the best ways to get some real insight on to how clinic/practitioner operates with regards to the majority of their visitors.
If you notice a low rating of 1-2 stars and a high quantity of negative reviews, it’s a good indication that this probably isn’t a clinic worth visiting. While not every single review can be trusted as an objective, unbiased opinion; a multitude of negative reviews citing similar complaints is usually indicative that something is going wrong with how a business operates.
In the reverse, a clinic with a high average rating and a lot of positive reviews is one that would probably be worth visiting. Hopefully you’ll be able to find a ‘doctor near me’ that’s both easy to get to and delivers a high quality service.
Not all clinics are created equal and some may have the ability to provide extra services that other clinics won’t have. For example, you may be able to find a ‘doctor near me’ that actually has its own in-built pathology clinic which makes the process of getting bloodwork so much more convenient.
Other clinics may have attached businesses like skin clinics or even a psychologist to assist patients who are suffering with mental health issues. Depending on your individual healthcare needs, the presence of these added facilities could make your life a whole lot easier.
Rapport with your GP
Of course, a factor that is of major importance when searching for ‘doctors near me’ is the working relationship your GP establishes with you. A good practitioner will have an excellent bedside manner and make it easy for you to be 100% honest with them about everything that is going on with you medically.
If you end up visiting a practitioner who is unkind, judgemental or simply not a good listener then you should probably find someone else. Often times people can feel like their opinions about their health aren’t respected or acknowledged by their GP because they believe that they are always correct.
While you shouldn’t discount the advice of a medical professional, it’s not wrong to disagree if you feel they may have missed something. As always, getting a second opinion is something that your GP should be happy to facilitate.
Most of the time people think of printed balloons are cheap party accessories that merely get discarded once the event or party is over. However most people are completely unaware of the full potential that these types of decorations has to offer. They are so much more than a room filler to the point where they can even grow small businesses. Sometimes doing something a little bit different can have enormous benefits for you and your event
If you are thinking about throwing a function or an event and don’t know what decorations you should use, we have you covered! We’re going to go through some unique ideas for printed balloons to really spice up your next function or celebration for a loved one.
Now brand or company logos being printed on balloons may seem clichéd but they offer a great perk to your business. Children love these things and will go crazy if they get their hands on one. You can use this to your advantage by giving them out at an event. This tactic is most effective if you are hosting a fundraiser barbeque or running a stall at a local carnival or fete.
When you give out the printed balloons you essentially get a small newspaper boy showing off your company to everyone they pass. It’s a no brainer that the bright colours can catch your attention from a mile away so having someone walking around with one helps a lot. Now imagine several of children running around promoting your brand for you. These decorations are wasted if they are simply just hanging on your tent. Pass them out and reap the rewards.
Another unique use for these decorations is centre pieces for tables. If you are hosting a casual party or gathering that requires seating, instead of using cards you could have a printed balloon as the centre piece. Imagine having the family name of a table floating above it to help people find where they need to go.
This idea is also a great excuse for an instagram moment which again is free advertising for you. Instead of you promoting your brand you’d be promoting your event which could lead to people going to your website or social media pages to check out what the gathering was really for.
Convey a special message
Special moments call for special celebrations and messages. Using printed balloons to tell the world something special is a brilliant and unique idea to shy away from traditional methods. Baby gender reveals are a great opportunity to test out this style. It can be even more special if you get one of your friends to find out the gender and to pick out the balloons so you to are surprised when you see the message or colours.
Additionally nothing tells someone to get better than a nice shiny printed balloon by their hospital bed. They may seem obnoxious and in the way at first but every time that person sees it they will think of you and know that you care. It’s that simple to be with someone during tough times to show them your support and love.
If you are ever tossing up the idea if you should get printed balloons for your next event or not, the answer is definitely yes! If you are sick of the traditional ways that people use these decorations follow some of these suggestions. They’re just a few unique ideas to help you transform your event or message into something special.
As people begin to prefer to live in smaller homes making more use of limited space, creative furniture options are becoming more popular. People want something more flexible that gives them more options and value for their money. A modular sofa is a great example of this kind of furniture.
When it comes to a seating option that’s both looks and functions great in a smaller space, it’s difficult to find anything better than this. It will enable you to get the perfect seating set-up that you desire while still being really customizable and convenient for your smaller space.
Let’s take a closer look at some of the awesome benefits of buying an exquisite modular sofa.
1: Have the freedom to get the perfect size to fit any space
A modular sofa is the perfect choice for smaller or awkwardly shaped living rooms as they give you a whole lot more freedom than a traditional couch. This is because, unlike a regular couch, a sectional will give you options for adjusting it to fit snugly into doors, window frames and corners.
It allows you to get the maximum benefit of your space without having any overlaps or awkward gaps between the walls and your furniture.
2: More versatility
In the majority of lounge rooms there is normally a TV or fireplace acting as a focal point where all of the seating is going to be centred around. Lighting is another important factor to consider and there needs to be easy access for people to move around the room.
A modular sofa will allow a lot more freedom in ensuring that the space remains functional as the needs of the room change. The sectional pieces can be rearranged to suit a new style that is more appropriate for different contexts.
For example, the seating arrangement you might have on a family movie night will be different from when you’re having a house party. The choice is all yours!
3: Greater comfort
A modular sofa has so much versatility that it isn’t just perfect as a couch; it can be a great bed as well. They are perfect for overnight guests or for when kids want to camp out in the living room watching movies.
It’s also easy to relax after a stressful day with the chaise sectional and you can often choose what kind of fabric and filling it has so you can get the best amount of comfort to suit you.
4: It’s a lot easier to move to a new location
One of the biggest annoyances of moving house is trying to get the furniture from one place to another. Trying to awkwardly shift heavy one-piece items down staircases and around corners is a notoriously difficult task that not only risks damaging the furniture and the walls but also the people doing the work.
A modular sofa is clearly superior to traditional couches when it comes to moving them as they come in pieces that can be easily move individually. This means you don’t need as many people to get the job done and there is far less risk involved.
They are also better for relocating because they are going to more easily harmonize with your new space because of the aforementioned versatility benefits. This makes them a great long-term furniture investment.
5: Less expensive to replace
Because it comes in multiple pieces, a modular sofa is far easier to replace when damaged because you can have individual replacement pieces shipped to you rather than getting the whole thing replaced. This is obviously a lot cheaper than spending the money replacing an entire couch because one area of it gets damaged.
What holds more value in the new startup world – a blockchain incubator or an accelerator?
These are two exercises that have similar and contrasting elements at play.
The end goal might be the same, but the way they arrive at that point can be very different in style and substance.
Here we will expand on these programs to see what is involved in further detail.
The first talking point to identify in this setting is with the timeframe. A blockchain incubator simply does not have one that exists, introducing participants to arrive on location where interactions and exercises are carried out continually. An accelerator will be designed as an official program that will normally last between 3-6 months. The structure will be more akin to a university initiative that builds to a major presentation with analysts and investors present for the key event.
Mentors and Interested Parties
A blockchain incubator will be run in the style that a mentor would prefer. There will be the inclusion of administrative staff, yet the team structure is designed to be flat to ensure that there is equity across the board for the participants. The accelerator on the other hand will be designed with more interested parties and key members in mind, including advisors, alumni, investors as well as the mentors who form part of the initiative.
This results in something that reflects more of a top-down hierarchy where different members are accountable to other members. The difference might be subtle and dependent on the model at the time of examination, but these are some of the fundamentals that can be sourced to compare their unique qualities.
Concept of Validation
Given the short timeframe that is involved with an accelerator, the validation process takes a front seat to proceedings. This is where documentary and testing evidence is showcased to demonstrate compliance for the transaction software. A blockchain incubator on the other hand has far more leeway to test ideas and concepts, offering an ecosystem that is open to failure to eliminate theories before reaching an objective.
Attitudes and Environments
The lack of official structure and timeframe that can be found with a blockchain incubator is often its greatest asset and its greatest weakness all at the same time. A workspace in this example can be something as simple as a group of university peers operating out of a townhouse or garage, locations that have seen some of the most profitable brands in the world form.
The attitude is generally relaxed and members can come and go according to convenience. The direct opposite can be found with an accelerator as the robust application process ensures that key performance indicators and testing mechanisms are questioned and analysed with precision.
The Developmental Phase
In essence a program can almost transition from a blockchain incubator to an accelerator once an idea has developed to the next phase. Rarely will this be the case but there is a degree of overlap. One can be viewed as the child whilst the other is an adolescent, one step closer to being fully formed and out in the marketplace.
The incubator helps to let an idea grow and expand, networking with other professionals and mentors to test theories and to access resources and investment interest from the outside. An accelerator is focused in on a specific target with that key idea already formulated and likely to be further along in its own lifespan. Those who arrive in this secondary format have already utilized practices within an incubation setting.
New models that change how financial data is engaged with will ultimately take specialists and teams many years to design and for interested parties to buy in on the concept. A blockchain incubator can be a perfect environment for students and young engineers and analysts to take an idea and take it to the next level. The stringent rules and guidelines enforced on accelerator participants can be equally as fruitful, ensuring that there are no compromises or distractions from the task at hand.
The new transactional landscape in the years to come will be a direct result of both practices working parallel to one and other.