The biggest mistake entrepreneurs can make is giving in to the fear of making mistakes and, as a result, not trying at all.
Read More
Successful business owners often exhibit these top 5 traits: a strong sense of purpose, customer-centric, simplicity-driven, focused on networking and referrals, and committed to fulfilling their promises.
Read More
45% of businesses fail during the first five years. Avoiding these 7 common mistakes can help companies stay on the path to success.
Read More
A business plan that you like to refer back to should prioritize strategic aspects crucial for your company's success.
Read More
A digital strategy that consolidates your digital marketing strategy and digital workflow strategy into a single coherent plan has the power to transform your business, unlocking its true potential.
Read More
Focusing on 5 services and doing them 100 times instead of offering 100 services and doing them 5 times will likely increase sales and profitability.
Read More
Fast-growing startups often follow internal processes that may have been suitable for much smaller-sized businesses. That leads to unnecessary workarounds and complexity.
Read More
Companies that set clear, realistic expectations and whose employees strive to exceed them enjoy a significant, practically unbeatable competitive advantage.
Read More
Companies with employees must know how much sales they must bring in and how much gross profit their products must make to cover their staff's costs. The metrics sales per employee and gross profit per employee can set the right thresholds.
Read More
Planning is essential in understanding what resources you might need to bring your business idea to market. But you cannot plan forever because your plan will likely change when you learn something new.
Read More
Like taking a before picture, baselining creates a reference point against which you can compare your improvements.
Read More
Markets that are compatible with your core competencies allow you to generate new revenues without increasing expenses.
Read More
Many small businesses are not prepared to add employees and grow. Their workflows are too founder-centric.
Read More
45% of Americans have a side hustle. 50% do so for financial reasons. Scalability is a crucial factor in determining the earning potential of a side business.
Read More
If you have trouble answering how much money your company makes monthly and what its profit drivers are, your bookkeeping probably needs an upgrade.
Read More
Losing a loyal customer means foregoing all future revenues and profits from this customer, which can be significantly higher than the value of a single purchase.
Read More
If you need to make a New Year's resolution and are looking for items to add, pledge to prepare a thorough business case before making a decision that will significantly change your company.
Read More
Projects can be events, weddings, photoshoots, house remodels, interior redesigns, and website launches. They usually share three critical characteristics: scope, time, and cost. Successful project managers follow eight best practices.
Read More
Even if you want your company to stay small, scalability is the main reason your business is financially viable.
Read More
Strategic networkers devote all their energy to developing and maintaining a network of people who can help them achieve their strategic business goals.
Read More