The ability to optimize cash flow is a priceless asset to any business, especially for those looking to grow. But optimization depends on building a cash management culture where every team member can contribute. Cash flow optimization is a relatively simple concept. To be successful, a business must generate more cash than it expends. However, […]
When you’re expanding your business, there will be lots of growing pains along the way. Diplomacy is a key factor in a successful team-management strategy. It’s never fun delivering criticism to your employees. But there are many times when it’s a necessary part of running a business. Entrepreneurs and business owners must harness the art […]
Consumers aren’t required to know what it’s like to run your company. But your company needs to know what it’s like to be your customer. As a business owner, you’re tasked with not only creating a profitable model and ensuring efficiency, but also creating a meaningful and satisfying experience for your customers. Your business wouldn’t […]
Today’s businesses must be clear about who they are, what they believe in, and how their business model proves it. This starts with defining core values. For long-term growth and sustainability, your business needs to have a clearly defined vision that’s shared across the company. And it should be accessible and consistent to the outside […]
The modern workplace is more than just a wage generator. The best companies define, build, and nurture a unique employment culture that benefits employees and customers. Workplace culture is a crucial component of fostering a satisfying environment for employees while engaging customers. A strong company culture provides many benefits for businesses, including higher employee retention […]
A growing number of global consumers want companies to have an ethically responsible vision and values, or they’ll spend elsewhere. How can small business owners start focusing on their “ethical footprint?” As an entrepreneur, you have plenty to worry about as you try to bring in profits and get your name out there. But growing […]
Both options can be wise and move your enterprise forward. But business owners need to know which step to take, right now, before parting with precious cash. The dilemma is ongoing for entrepreneurs: Should you invest in your business or pay off debt? Which is more important, and which should come first? Investing in your […]
The customer is always right, and in the age of social media, their feedback has a big impact on your business—good or bad. That’s why every business strategy should focus on customer ROI The proliferation of and dependence on the internet has brought many pros and cons for businesses large and small. You can more […]
Scrutinizing the competition is a valuable tool. Learn the importance of competitive analysis and what it can add to your business strategy. No matter what your customer base looks like, chances are they are moving more and more toward doing everything digitally, including how they find companies, products, and services. Your customers now have instant […]
KPI can refer to key performance indicator or key person identification. Both of them are important for business growth and performance The success of a business depends on a multitude of factors, from marketing to growth strategy to operational efficiency. But people really drive performance, and learning how to identify and measure weak links is […]