Josh

Crowdfunding has turned into such a popular way to raise money that it can now be broken into different categories. Donation-based crowdfunding is gaining popularity, as it allows entrepreneurs to be creative with bringing in money without having to give a part of the future earnings. Instead, using rewards or giving backers prestige is what motivates them.

One company that knows all about this trend is none other than InventureX. Joe Parker, the senior marketing coordinator at the company, works with people every single day looking to have successful crowdfunding. He answered a few questions for us on the topic, and how people can get started for the first time.

Why do you think crowdfunding has turned into such a popular method?

A lot of people are not intimidated by how crowdfunding, in general, is set up. Instead of having to count on one or two investors, the focus is more on getting a bunch of backers to donate a smaller amount of money.

It’s also great marketing for people who are trying to get something new out there. Every time someone backs the project, it helps with the marketing as well. Some of the top crowdfunding campaigns will end up going viral because of this.

What’s the first piece of advice you give anyone considering donation-based crowdfunding?

Put in the time and effort before so that the campaign goes as smoothly as possible. There are always going to be things that pop up during the campaign but being prepared for a lot can increase the chances of success.

Too many people think that a crowdfunding campaign can be thrown together in a short amount of time. It can take weeks or even months of planning, making sure that everything is set up for success to follow.

How important is a good reward system for backers?

Taking the time to provide valuable rewards for backers will help out any crowdfunding campaign tremendously. It’s not going to be the main deciding factor for some backers, but it still is something many consider.

No one wants to donate something that doesn’t seem like it will be that exciting in the future. So many people face the challenge of putting money towards something, and then not feeling like they got what they deserved. It doesn’t have to be much, as long as it’s creative.

Is it fine to switch up the reward system?

It is important to be one step ahead of the trends that are redefining the future of crowdfunding in order to be on the right track. Try to stay away from switching up the rewards system too much, simply because it can cause jealousy. If a person starts with great rewards, stick with it as long as possible. Never make the rewards even more enticing, because that’s going to frustrate those early backers who feel like they are under-appreciated.

Are we reaching the peak of donation-based crowdfunding?

I still think there is room to grow when it comes to donation-based crowdfunding. It’s more competitive, but that means the best campaigns can shine. It’s more important than ever to put time and effort into something like this.

The truth is, not everyone knows how to be a good supervisor. Even though it may seem easy to boss everyone around, overseeing a team comes with a considerable amount of pressure and responsibility.

A great supervisor doesn’t just encourage their workers getting the job done, but they also know how to boost morale, reduce stress, and get rid of the stigma of “we the employees” versus “them the boss.”

Since you spend over a third of your year at work, a good supervisor can make a tremendous difference in the workplace. So, what exactly makes a good supervisor? Here are some that stand out most.

Reliability

As a boss, it’s a supervisor’s job to make sure that things get done. Not only should they be pushing their employees too complete their tasks, but also themselves. They should be keeping up with records, ordering supplies, or whatever else is required of them.

Although reliability is a quality that any employee should have who is being paid for their services, it’s especially important for someone in a leadership position. The higher your position is, the less anyone should have to worry about their ability to carry out a task.

Good Communication

Supervisors need strong communication skills in order to develop effective strategies. When they have a strong sense of how to communicate with others, they are more convincing and inspirational. Heavy workloads are more likely to get finished faster with a supervisor motivating the team.

Yelling and intimidating tactics aren’t exactly motivating. A smart supervisor knows how to reach their workers on a deeper, more psychological level, inspiring greatness.

Problem Solving Skills

A greats supervisor knows how to get everyone together to work as a team to overcome a problem together. They’re capable of overcoming challenges by inspiring unity and accepting their employees’ feedback.

By fostering team development, they are able to conquer challenges and bring out the best in everyone, including themselves!

Strong Leadership

A strong and supportive work environment only happens when a strong leader is present. Leaders know how to effectively delegate tasks by identifying the strengths and weaknesses int heir team. They are able to innovate and creatively overcome obstacles.

A good leader knows how to look at a problem in the face and create a step by step process to lead their team through it.

Ability To Resolve Conflict

Employee conflicts are bound to arise from time to time. Unfortunately, event though conflict resolution may not always be the most fun part of being a boss, it comes with the territory.

It’s up to a supervisor to coach their employees through conflict and help facilitate an understanding that works for everyone.

One of the most exciting things to happen to your business is expanding your workforce. This is a true sign of success in your industry and is something to be proud of. As your workforce expands, so do the needs of your Human Resources department. There is a point in which a spreadsheet is no longer enough to effectively track employees. Accurate Human Resources reporting is important to the success of your company. If HR reporting is becoming an overwhelming task, it might be time to invest in HRIS software.

What Is HRIS?

Human Resources Information System, or HRIS, is software that organizes HR-related data. This can include employee information, benefits and time-off balances. This type of software can streamline all human resource systems and processes. There are a variety of different options for HRIS software. It can be beneficial to use an HR Software Buyer’s Guide to determine what software is best suited for your company. It is important to find the HRIS software that can handle all your business’s Human Resource departmental needs. Take the time to research the many different HRIS software options available and pick the one that best matches your company. Be sure to consider any process or task your HR department handles, and ensure the software can do that. Review the recommendations for business size for the HRIS software you are considering, and match that to the size of your business. The needs of your 800 employee business may differ from the needs of someone’s 65 employee business.

Why Is HRIS Beneficial?

The increased organization is a key benefit of using Human Resources Information Systems software. Having each of your business’s HR reports in one place saves time. Comprehensive data helps make it easy to monitor compliance training and track the progression of your Human Resource’s strategy. This increased organization and convenience can create an improved employee experience company-wide. Having effective Human Resources processes are important in keeping your company compliant. Your employees can be confident in knowing their information is correct and properly monitored. The reports that can be generated may also be beneficial in making decisions for your business. Reporting can help you identify trends in your company. You can use this beneficial information when making strategic decisions.

Is HRIS Right for My Business?

HRIS software is typically used in small to mid-sized businesses. Often HRIS is recommended for businesses of twenty-five employees or more. A Human Resources Information System may still be beneficial if your company is smaller. If the employee who manages your HR department also takes on other roles in the company then this can be particularly beneficial. Comprehensive monitoring and reporting of all aspects of the Human Resources role can save valuable time. With HRIS software you can allow your employees to focus on other important tasks.

What Are the Standard Features of HRIS?

Knowing whether it is time to look into HRIS software for your company is knowing the features that are generally offered. Once you are familiar with what the software can do you can match your business’s needs to what the software offers. You can also consider the benefits and tasks that this software may offer that you are looking for your Human Resources department to adopt. An HRIS can offer an employee database and directory with 401k tracking, payroll information, and benefits administration. You can also expect the software to handle scheduling, monitor time and attendance, and track time off. Most will generate reports that can be customized to best suit your needs and preferences. You can also find Human Resource Integration Systems with more advanced features. These can include performance management and mobile apps.

If you aren’t already using a Human Resources Integration System software, then it might be time to consider utilizing one. Whatever the size of your company, your reporting needs, or your business strategy, there is probably a system suited for your company. Spend some time considering how your HR department is currently handling departmental tasks, and whether streamlining the process will be beneficial. Think about your business strategy and how in-depth reporting might be the right thing for your company. Be sure to take the time to research the options available, and make the choice that is best suited for your needs. Investing in a HRIS software is investing in the future success of your business. Don’t take the decision lightly. Be surprised at how adopting a software that streamlines the reporting you want can take your company to the next level.