Risk is a part of doing business, and managing it effectively can be the difference between success and failure. To reduce risk, you must understand your business’s potential risks and have processes in place to protect against them. Here are four tips for reducing risk and protecting your business from harm. 1. Appoint a Risk …
Some businesses might require their employees to work long hours, often into the wee hours of the day, to complete their work. This can be due to the nature of the business, such as a startup working on a tight deadline, or it could be due to the demands of the customer base. For example, …
You’ve worked hard to build your business from the ground up. It’s been a long road, but you’ve finally made it. You’re successful and deserve to enjoy the fruits of your labor. But as a business owner, it can be easy to get caught up in the day-to-day grind and forget to enjoy your personal …
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A multi-year research program found that 2.8 million more online micro-businesses were created by Americans in 2020 than the previous year. An online micro-business is a business with a domain name and an active website. These businesses usually employ fewer than 10 employees. Out of the 20 million tracked microbusinesses in America, nearly 17 percent were started …
There are many reasons why people work. Some people work for the love of their job, others work for the money, and some people work for the benefits. Whatever the reason may be, it is important to understand the reasons why people work so that you can better leverage them. Here are some of the …
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The move of businesses to online channels has been swift and aggressive. A recent study by Forrester Research found that, in 2017, online sales will account for $523 billion, or 44 percent of total retail sales. That’s up from 36 percent in 2013. Several factors are driving this trend. First, consumers are increasingly comfortable making …
As a business owner, it’s important to stay up-to-date on the latest technology. Not only will this give you a leg up on the competition, but it will also help you run your business more efficiently. Here are four ways you can use modern tech in your business: Software for Management There are all sorts …
As an entrepreneur, you know how critical it is to have an online presence. Technology can help you expand your reach and connect with new customers. It can also help you improve the quality of your products and services. While some businesses still prefer to operate without technology, many have realized how beneficial it can …
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A theatre production business can be demanding. There are so many different elements to consider and plan for! But don’t worry, here are some tips on how to make your theatre company a success. Relax and enjoy the ride. Producing a play is no small feat. It takes weeks, sometimes months, of dedication and determination. …
Warranty claims can be costly and time-consuming for both the customer and the manufacturer. That’s why it’s essential to do everything you can to reduce the number of claims, and there are a few key areas to focus on. If you’re selling products, you want customers to be happy with their purchase and not have …