Five Ways to Build Trust With Customers
There are many ways to build trust with customers, such as offering reliable products, cost-effective services and excellent customer service. Your customer services team should listen to customers and respond to feedback to build loyalty. Having clear policies and procedures for your company can also help with certainty for staff and customers.
But, there are other ways to build trust with your audience that you might not have considered before. So, here are five great additional ways to buil…
Dropshipping Business Ideas to Succeed
Dropshipping has become one of the most popular new business models since the pandemic in 2020. And there are obvious reasons why. However, just because of the benefits of dropshipping, it doesn’t mean you will succeed.
This article looks at the dropshipping business ideas that will help you succeed.
What is a Dropshipping Business?
Many people need clarification on what a dropshipping business is. To understand, it’s best to talk through the process of the sales and the different parties inv…
Is Black Friday Always a Good Deal?
Black Friday is often considered one of the best days for sales across the US. Numerous people will queue in line to get the best deals on the day. But are Black Friday sales the best deal for businesses? Do they create an expectation from shoppers? Could these heavy discounts ruin the reputations of brands? In this article, we look at whether Black Friday (and also Cyber Monday) is good for your business.
When is Black Friday?
Black Friday is the last Friday in November after Thanksgiving. It…
Options to Increase Sales Other Than Discounts
Discounts aren’t always the best option for improving cash flow in your business. Numerous other options can help your business achieve more sales while not impacting significantly on your business.
In this article, we will explore ways to increase sales other than discounts.
Why Businesses Shouldn’t Discount
There are numerous reasons why businesses shouldn’t use discounts to increase sales. For instance, when the consumer learns that a product can be sold at a lower price, it can create mis…
How to Manage Business Finances
There are numerous reasons why businesses fail. One of these is that businesses don’t properly manage their finances or cash flow. There are many ways to manage your business finances, and in this article, we look at some of the best options for small business owners.
Why Control Finances?
Controlling finances is a fundamental part of running a business. You need to know how much money you have for investment, take home, supplies and to pay for services. You will also need to know how much mon…
How to Register a Business as a Non-Resident
Setting up a business in another state (or country) where you are a non-resident can be daunting. You can register a business as a non-resident, with some exceptions, and this can be very beneficial. There are several entities to choose from, such as a limited liability company (LLC) or a corporation. You might decide to set up a California foreign LLC.
An LLC is a type of legal business entity where the business owner has limited liability. This means that their personal assets are protected …
What are the Critical Business Skills you Need?
When you work for a business, there are critical business skills you need to help you advance in your career, set up your own business in the future, or find a new job. These skills can range from leadership to financial. So, what are the critical business skills you need to develop?
Critical Business Skills You Need
Here are ten critical business skills you need, whether you are starting a business yourself or looking to advance your career.
1. Team Leadership
If you have been in your role …
When Should You Offer a Discount?
When it comes to business, there is always the temptation to offer a discount. There are numerous reasons why some businesses would or should, offer a discount. In this article, we will look at these reasons and why not to host a discount sale for your business.
When Discounts are a Good Idea
Here are some common reasons why you would want to create a discount for your business.
1. To Move Excess Stock
When it comes to stock, you might have excess in some areas. For example, in January, you …
Why Cash Matters More than Profit
When it comes to building a successful business, there is one element that business leaders often focus on which is profit. However, while profit is a good measurement, it doesn’t mean that's the most important aspect of the financial performance of a business. Instead, cash might be more important.
In this article, we will be looking at why cash matters more than profit.
Difference Between Cash flow and Profit
One of the big concepts to grasp as a business leader is the difference between ca…
Why Do Businesses Fail?
The rate of businesses failing is astonishing. Many people assume that it is easy to open and run a business. But, depending on the statistics you read, between 20% and 78.5% of all small businesses will fail in their first year. By the end of the fifth year, up to 95% of the companies which started will no longer exist.
But why do businesses fail? What are the common reasons behind so many ideas not succeeding? Here are some answers and how to avoid your newly incorporated business from fallin…