There are not many things you can count on as an entrepreneur in the business world, but one of those things is that you will definitely experience some setbacks. Entrepreneur setbacks are bound to happen to everyone, and if you aren’t experiencing any kind of problems, then it probably means you haven’t risked much either, and you’re not achieving nearly as much as you could….
You can post reminders of your task list all around the office, and maybe even all around your home as well, but the key to accomplishing those tasks will be to prioritize them, so you know which ones provide the greatest value to your company. That’s one of the best-kept secrets to running your company well and achieving success, and it’s something that every accomplished…
Generation Z describes the nation’s 73 million young people from early elementary school to recent college graduates. The exact years can vary with most sources listing the generation beginning with those born in 1995 or 1996 and ending with birth years between 2010 and 2012. The important take-away for business owners is that 40 percent of consumers will be a member of Generation Z by…
Small businesses often take on a culture of their own from the very beginning. The founder and first employees help to create this company culture, and in the best of circumstances they pass it along to those who come along later. However, culture can also get lost when a company grows quickly. This leaves both old and new employees feeling confused about where they fit…
Although every business owner understands the importance of healthy cash flow, many struggle to maintain it. Without access to liquid assets, it can be impossible for the business to grow. After all, owners need money to purchase additional equipment and inventory, hire more employees, establish an emergency fund, invest more resources in research and development, and afford several other common business growth expenses. When the…
It has been estimated that approximately 80% of all business conducted around the globe is done online, and even if your particular business is not exclusive to the web, you will undoubtedly benefit by having a strong website that will increase your visibility to the world. If you don’t have a website already, you need to get one designed, developed, and implemented as soon as…
Starting a new business is so exciting and overwhelming that many entrepreneurs forget about marketing and advertising. They can also get discouraged when they realize that it’s hard work to inform people about their product or service. However, it’s a necessary step for business growth. What is Marketing? The general definition of marketing is that it’s a series of activities associated with selling the…
Identifying the Basic Motives of Customers or Prospects Although it may sound surprising, customers don’t buy just for the sake of owning a particular product or service. They buy because of the benefits they will receive as a result of owning that product or service. Understanding this concept can help you better focus your selling efforts and place more emphasis on the specific benefits and…
It should be fairly obvious that if you want to know whether your business is successful or not, or just how successful it really is, you need to have some way of measuring business success. It’s a bit like traveling – if you don’t know what to look for when you get there, how will you ever know when you’ve arrived? The trouble with trying…
Understanding Business Growth While running a business requires myriad tasks, functions and decisions, in truth, everything you do to build or grow your business can be classified under one of four different and distinct areas or categories and if you learn this one simple concept and how to apply it, your competition won’t stand a chance. While running a business requires myriad tasks, functions and decisions,…
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