Neil Haboush | Artificial Intelligence Role in Businesses

With businesses such as medical, finance, Hr, IT and, recording successes with the incorporation of artificial intelligence for efficiency, organizations who are yet to dig into it might find themselves being kicked out by those who did. From production to marketing, artificial intelligence is changing business forever and affecting the way humans carry out tasks today. Automation of time-consuming tasks carried out in a jiffy, increased customer relationship through automated communications, discovery of important findings that help to fasten decision makings and loooooot more! What’s not to love about this gem that is transforming business and the world in general?

A guru with years of experience as a sales manager, organizational infrastructure, finance and tech-savvy, Neil Haboush, shed more light in the areas in which artificial intelligence is impacting businesses and what can be done.

What is artificial intelligence?

Before proceeding to its impact on business, it is important to understand its meaning. Put simply, humans displayed natural human intelligence while artificial intelligence displays artificial, machine intelligence. It is the ability of machines to carry out activities from planning, speech recognition to decision making, otherwise performed using human intelligence. AI can analyse data and human behaviour to make predictions and forecast future occurrence. Moreover, it sees changes, loopholes, and things that are hidden to human understanding. This helps to hasten decision making and to take the required steps for productivity.

Artificial intelligence is a broad term and its other branches include machine learning and deep learning. Neil Haboush explores ways in which artificial intelligence is affecting the way organizations carry out their daily tasks. Great examples, Amazon Alexa, Driverless cars, and so much more!

Marketing

• Artificial intelligence is a great tool for targeting and segmentation.it provides information on their demographics, location, and age, purchasing behavioural pattern, consumer’s browsing information and their interests. This will help to market to the right audience.
• It creates room for a more personalized marketing, products and customer experience that will cut down wastes, increased customer and profits.
• Moreover, advertisement, email and SMS marketing have been made easy to the right audience which can lead to customer loyalty and generating leads. Thanks to artificial intelligence.

Customer relationship management

• Businesses that deal with a lot of consumer data can leverage CRM with AI to process data, detect patterns and consumer behavior, for improved customer experience.
• Two powerful tools of lead management as it helps employees to lessen their burdens in searching, targeting and follow up on leads. One good example is a chatbot that can interact with unlimited consumers visiting your site at a time. Something a human cannot do.
• Improved customer experience and engagement as it can detect their feelings, image recognition and interpret natural language and serve them better.

Finance

• According to Neil Haboush, the role of artificial intelligence not only in finance but in all sectors is countless. In finance, not only does AI helps carry out boring, repetitive tasks, but it can also help in making decisions.
• Artificial intelligence has helped solved the cankerworm called fraud that has been a headache for financial sectors for years. Fraud detection and prevention that might be difficult using human intelligence have been made easy.

Final Words

We didn’t just wake up with this technology trend becoming part of our lives, it evolvement and progress took decades to be what it is today says Neil Haboush. Yet, no stopping, it is still on the move to transforming business and our daily lives. Understand the impacts and take advantage of it.

Technology Trends in 2020 by Neil Haboush

6 Biggest Business Technology Trends in 2020

Technology is not only shaping our lives, but it is also affecting how business is done and how successful it will be. Not only are there discoveries, innovations, and inventions, trends keep evolving and humans have to dance to the tune. Let’s face it, the future is now! To drive this point home, China has been setting the record from artificial intelligence to Alipay (an online mobile payment service that makes the transaction easy at anytime and anywhere). 

NeilHaboush- a reputable businessman with years of experience in sales, management, and technology puzzle over the technology trends that will hugely impact 2020. For business and entrepreneurs who are on the lookout for what the next decade has to offer, here are the biggest technology trends to know to utilize the opportunities and protect against threats.

Machines and Artificial Intelligence are Taking Over

From programming to keeping company, robots are now taking up the roles of humans. Although this has been trendy, it will continue to be in 2020. They can carry out dangerous, repetitive, or mundane tasks efficiently and on time. It is no surprise it is attributed to the rise in unemployment in developed countries. Business should incorporate this to increase efficiency and employees and managers should never stop learning. 

Medical Improvement Become a Must

The medical and healthcare sector is not left out in this wave.” With IoT, medical practitioners can now track, capture and understand their patients’ health to take the right steps. Moreover, with the 3D printing, visualizing complex human part is made easy. Great for surgeries, prosthetics, and a lot more.” says Neil Haboush.

Autonomous Driving : A Room for New Mobility

With the intense competition among car automobiles, autonomous cars are deemed to be on the rise in 2020. This will not be limited to cars but also scooters, trucks, buses, trains and all. Technology is affecting the way we live our lives and autonomous cars are no exceptions. 

A Decision on whether to have or not have Mobile Apps

While some companies favored web apps to mobile apps because of its competitiveness and other industries like taxi and e-commerce have recorded considerable success. Whatever, category you belong to, see if it is a problem to tackle in the coming year or having one will be a step towards achieving business goals.

The Internet of Things

If there is one thing that is buzzing in 2019 and will never stop, it is the internet of things (IoT). Alert from alarm clocks to start the day, getting your favourite smoothie from the vending machine while getting your cab ready to take off for the business of the day. And oh! The light is still on..turn it off with just some keys. What’s more? With Industry internet of things (IIoT), communications are more efficient with data, which makes work to be carried out effectively and efficiently. IoT is affecting all sectors from private lives, industries to government. 

Flat Organizational System

Organizations will adopt a flat organizational system to hasten decision- making. Probably not out of will- but necessity. To avail of the opportunities and prevent predicted danger, this might be the case in the coming year if they don’t want to be driven out of the industry.

Final Thoughts

With a lot of changes and innovations going on out there, keeping abreast of developments and trends from time-to-time is important. In 2020, businesses will not only have to be proactive while getting updated on the trends, but employees should also be carried along. Train and keep training them.

Government of Ontario Helping Small Business Owners Succeed

Small business tax cut and red tape reduction creating competitive business environment for Ontario

BRAMPTON — The Ontario government is lowering costs and eliminating unnecessary and outdated regulations for small business owners and entrepreneurs so they can invest in their businesses, attract new customers and clients, and transform their vision into a success.

Neil Haboush (Montreal Canada) in Ontario, small businesses make up 98 per cent of all businesses and account for a third of all private sector jobs. The government is committed to helping the people of Ontario follow their dreams of starting their own small business.

Today, Rod Phillips, Minister of Finance was joined by Prabmeet Sarkaria, Associate Minister of Small Business and Red Tape Reduction, at Salon 247 in Brampton to talk about how the government’s plan is creating a climate that will support and attract business investment and job creation.

As announced in the 2019 Ontario Economic Outlook and Fiscal Review: A Plan to Build Ontario Together, the government is proposing to reduce the small business Corporate Income Tax rate to 3.2 per cent from 3.5 per cent, starting January 1, 2020. This would provide tax relief of up to $1,500 annually to over 275,000 businesses — from family-owned shops to innovative start-ups, fulfilling the government’s promise to cut small business tax rate by 8.7 per cent. In addition to providing tax relief, the government is providing savings to small businesses by cancelling the cap-and-trade carbon tax, preventing an increase in the minimum wage and supporting WSIB premium reductions. Taken together, these initiatives would save small businesses over $2 billion in 2020.

“Small businesses are the backbone of our economy and that is why the government is creating the conditions for a competitive business environment by delivering on a key campaign commitment to provide tax relief to small businesses,” said Minister Phillips.

The government will also consult with industry and business leaders in the coming months to inform the development and implementation of an Ontario Small Business Success Strategy. The consultations will provide business owners the opportunity to directly tell the government about what matters most to them, and what additional steps the government can take to help their businesses flourish and grow.

Ontario is also removing unnecessary red tape to support small, independently owned businesses by proposing to exempt barbers and hairdressers from keeping a record of the name and contact information of all their customers and having a dedicated space for maintaining tools. While this makes sense for tattoo artists and tanning salons, it is an unnecessary burden for barbers and hairdressers. This exemption would make it easier for them to do business and reduce the need for people to share their personal contact information.

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Neil Haboush - Importance Of Effective Communication In A Business

What is the Importance Of Effective Communication In A Business

Communication is the key to any successful relationship, including business. Therefore, every individual or entrepreneur must develop this skill both inside and outside of the organization.  From building a strong productive relationship to a partnership with others to drive the wheel of the organization forward, the role of effective communication cannot be overstressed. Neil Haboush- an expert in business with years of professional excellence in this field shares the importance of effective communication required for a business to grow.

Why Should You Develop Communication Skills?

Researches have shown that the organization that engages in valuable communicate among themselves are 3 times more likely to perform well than their competitor. Besides, one thing sets top companies apart from their competitors, they communicate. From emails, Skype, telephone to one-one communication, they are always exchanging ideas. 

‘Companies are now seeing the need for effective communication and it is now a parameter for candidate selection during the hiring process. The writing, speaking, listening skills are being assessed’ - Neil Haboush says. Besides, a lot of entrepreneurs are now spending a huge amount on training their workers who seem to lag when it comes to communication. If these businesses are, why not you?

Higher Chance of Being Promoted

As an employee, everyone aims to get promoted and keep climbing the career ladder successfully. However, effective communication for any situation that might be presented to you is essential. Yes, hard work, education, and experiences are good, but so is communication. People with good communication skills earn more and get promoted easily.

For the Smooth Running of the Business

An entrepreneur that wants to grow must be able to communicate effectively with its workers. To complete tasks, provide feedback, build better relationships, give guidance and encouragement, and accomplish company goals, communication is important

Promotes Customer Service

How can you know the needs and wants of your customers without communication? To understand their needs, better ways to serve them, answer queries and build relationships and trust, communicate with them effectively.

Promotes Collaboration and Teamwork

When there is open communication, it boosts employees’ morale, motivates them and they tend to work towards common goals. Besides, it will reduce misconceptions, disagreements, fights and any negative energy that might wreak havoc on the organization’s effectiveness in the long run.

Attract, and Retain Team Members

Everyone strives in a good, friendly atmosphere. Employees will be inspired to put in their best, work more towards achieving their goals and form long term relationships with the organization. Effective communication is a means to retain employees or clients, to attract new ones and to make a bigger organization, communication is important.  

Communication is The Drive for Growth

For partnership, or forming alliances with any other organization, communication plays a vital role. Looking to seal a deal, acquire more clients and achieve your organizational goals, the ability to communicate effectively in different contexts is required. In marketing, it is important to communicate in a way that will be understood by the target audience to avoid misconceptions.

Moreover, to establish an online presence, engage with the audience online through content or blog posts, or presentations of business policies or products, speaking, listening, writing are all at play. 

Conclusion

To start an organization, to operate effectively, to manage the workforce, to gain and retain more clients, to expand the organization, communication is the number one force- says Neil Haboush. These are the things effective communication can do for you and your business as an entrepreneur.

Neil Haboush - Essential Skills Required To Succeed As An Entrepreneur

7 Most Essential Skills Required To Succeed As An Entrepreneur

You have everything figured out, the income to get started, experience in the niche or field you want to explore, the zeal and enthusiasm of owning your own business and all. However, do you know the important skillsets that you need to develop to keep you going on the entrepreneurial journey? Many entrepreneurs known the road might not be always smooth, thus, the need to understand and cultivate these skills to ensure your business reaches the top it deserves.

Here are skills that are worth more than your penny. According to this great experienced sales manager, Neil Haboush, every entrepreneur must develop these skills in order to scale up the ladder of success in no time.

Ability to Manage Finances

Financial management is a must for any entrepreneur that aims to grow. The fact is the key to making or marring your business lies in your hand. If you cannot account for the incoming and outgoing of money, you should be prepared for the worst.

Moreover, there will always be highs and lows when it comes to being an entrepreneur. While starting, ensure you are prepared for anything and you have sufficient income to keep you going.

Effective Communication

How can a business flourish without proper communication with partners, employees, prospects, stakeholders and even to the public? Moreover, this skill is important in positioning your brand in the market and portraying the values it has to offer. One of the key things that makes Neil Haboush a successful sales manager is his crisp, straight to the point way of communication.

Strategic Thinking

What differentiates a smart entrepreneur from an entrepreneur is the ability to critically assess a situation before reaching a logical conclusion. You don’t take anything presented to you as the truth but rather assess, make hypotheses, ask questions, before making any decisions. Analysis of a problem and suggesting creative solutions to those problems in no time is a skill any smart entrepreneur must develop.

Time Management

Time is one thing money cannot buy, therefore, it is important to make judicious use of it. From closing a deal, execution of a project to delivery, adequate planning and time management is very crucial to ensure success. Besides, see it as an effective means of overcoming procrastination and a means of handling daily tasks according to priority.

Stress Management

Growing a business comes with both emotional and physical stress, determination is one thing that will keep you going in the face of challenges and problems. Sleepness nights, disappoints, struggles, and even slow growth are something you might have to face. It is important t know there will always be ups and downs and those are phases that will surely pass. Therefore, stay positive and develop the ability to manage stress to keep going.

 Networking

Never underestimate the power of networking and building relationship with people of like mind. These are people that will encourage, give advice and sometimes profer solutions to any problems or challenges. Who knows, you might be meeting a new partner, stakeholder, or an employee that will contribute to the growth of the business. 

Branding

Knowing how to position both yourself and the business is important for any organization. Availing of the benefit of social media to communicate your value and what the business has to offer. This will increase your credibility and promotes success.  Make your brand known to the right people.

 Your business plan is never complete if you don’t inculcate the right skills and ability to ensure success. Develop these skills and make them a part of you and your business.

Entrepreneur - Start Run and Grow your business - Neil Haboush

Entrepreneur - Start, Run and Grow your business - Neil Haboush

Starting up a new business, growing it up, and running it isn't an easy task. These three things are one of the most intricate challenges many faces when they are looking to get out of the 9 to 5 everyday drudgery. The success of any sort of business depends on the attempts to gain profits employing numerous approaches. From employee training to marketing, every perspective of a business deserves attention. So herewith a business expert Neil Haboush, let's explore some tips for starting, growing and running a business in the best possible way.

Create a sales funnel

The greatest technique to instantly develop your enterprise is by creating a sales funnel. If you don't have a sales funnel, you're making a grand mistake. Sales funnels can accommodate to automate your business. It benefits you to climb and progress swiftly and efficiently. Certainly, there's some front-end activity required. Obviously. But, once those processes are in place, it's smooth sailing from there. 

Get to know your customers

Forming a new business by developing your patron base is essential to your business prosperity. Nevertheless, sometimes it can be extremely challenging. Understand your patron requirements and produce commodities and services that match those requirements. You can obtain insight into your patrons by personalizing your services and assisting them to accommodate you with feedback.

Franchising

The stories of entrepreneurs, who have grown both well-known and well-heeled due to franchising their diminutive businesses are legion, and not just stories. If you have a prosperous business and can generate a scheme that assures that others can duplicate your success, franchising may be the accelerated track for building your business. 

Spend time attending networking events

If given the opportunity to enter certain events, take it. This is the chance to elongate your networks. This is extremely valuable – but it is something many entrepreneurs underestimate. You must develop relations with different people. Networking is a transcendent way to connect with people who can assist you strengthen your business. You can find employees, more patrons, and even investors.

Work faster

Learn to work quicker. If you can summarize three four-month jobs into three three-month jobs, you can do one more job in the year. This ties back to the look for and compensation capabilities tip. If you can discover a technique to automate time-consuming and mundane tasks, do it, so you can concentrate on doing things that bring in cash. 

Challenge yourself to always keep improving

Technology is transforming the world we live in every day. To stay consistent, it is necessary to innovate, regardless of your business, as well as want to get better. This could mean new programs, new thinking or new processes. Always keep in mind that you are either moving forward or you are converting out-of-date. 

According to a business expert Neil Haboush, these were some of the tips for starting, growing and running a business in the best way. l. Just keep this simple thing in your mind that your changing business model is simply a tool that is a part of your evolving business strategy. For more information regarding any kind of business subject, one can leave a comment in the comment section below.