Small scale business owners are usually faced with the problem of sustaining their upcoming businesses. Since the major aim of setting up a business in the first place is to make profit, business owners try to find ways to stay in business by maximizing profit. A wise way to run a business is being able …
Budgeting Tricks That Protect Your Profit Margin Read More »
Team building activities are a great way for companies to improve team dynamics and create an environment of open communication and collaboration. There are many opportunities for corporate team building, but a relatively new option is attracting a lot of attention. Escape rooms are becoming wildly popular and provide a fun and engaging team building …
Marketers are always on the hunt for ways to maximize profits. One basic tenet of marketing is that it’s easier to sell to someone who’s already bought your product or service. That means that customer retention is a priority: you want to turn a one-time purchase into a long, profitable relationship, in which both sides …
5 Tips to Increase Your Customers’ Lifetime Value Read More »
A good idea isn’t enough to get a business off the ground. It takes some capital to get up and running, and that has to come from somewhere—typically investors. If you have a business that has a solid plan, a path to profitability, and a market niche ready to be filled, but you just need …
The old axiom “if it ain’t broke, don’t fix it” may be applicable in a lot of situations, but that frame of mind can hold back progress, and prevent businesses from capitalizing on opportunities for growth. If you’ve got a successful brick and mortar business, you might be hesitant to mess with your formula for …
Customer Relationship Management software, or CRM, includes many types of applications that help businesses form and maintain bonds with their customers, increase their retention rate, and use customer data to improve sales and profitability. It’s one of the most widely used categories of software for businesses of all shapes and sizes; essentially, any business with …
Bitcoin and other cryptocurrencies use a decentralized ledger known as a blockchain to store and record transactions. Computers across the network, known as “nodes,” share this ledger so that every transaction record exists in countless places across the globe. This distributed system differs from traditional currencies, which were typically organized around a central bank or …
3 Ways Blockchain Is Changing the Manufacturing Industry Read More »
