When it comes to measuring a successful business, size isn’t always the most important factor. To demonstrate this point, imagine a scenario in which two companies have roughly the same number of customers. Company A’s customers are loyal, write positive reviews about their experiences, and can’t wait to tell their friends about Company A. Company
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One of the keys to ongoing success for any business is sustained growth. Once you have been trading for a while, it is vital to use some of the profits you make to fund this progress. While it is naturally wise to keep some cash back for emergencies and to invest into your own business,
1. Ancient History Once you enter the workforce, what you did in high school no longer matters. Though you may still take great pride in your accomplishments on the football team or the chess club, keep this information to yourself. The harsh truth is that no employer will care about what you did or didn’t
A business brand is not a physical commodity. You can’t reach out and touch a business brand. Nor is there a “brandometer” that measures the effectiveness of a company’s brand. Yet, a business’s brand –– its image and customer perceptions –– is vital to long-term success. And that’s particularly true for branding business that is
Investment in the Philippines is quite challenging, but it can be worth it. Apparently, it is one of the most popular destinations for international investors, because it has a growing emerging market economy. All you have to do is do your own thorough research first and ready yourself for whatever the outcome may be. 4 Helpful
New York sits comfortably in the northeastern United States, and while it is known for the international city of the same name, there is so much to this state. In addition to busy, hectic atmospheres of New York City and Buffalo, the more subdued places like Syracuse have contributed to the whole state being a
Businesses operate to earn money. This means that their expenses need to come in under their revenues on a regular basis. As long as the revenues are higher than expenses every month, there should be few problems hitting payroll and paying off any bills. Many businesses tend to be seasonal, however. One leading example of
If you are an entrepreneur running your own business, planning strategically for the future is essential. It will not only help to keep your business on a sound financial footing but also help you to achieve future success. Strategic planning will help you to look at which areas or markets you could penetrate next or
There’s a time and a place for nostalgia –– but it shouldn’t be welcome in the office. Business owners won’t gain any advantage by sitting around and thinking about the “good old days.” Instead, they’ll likely lose ground to more progressive competitors who are happy to embrace change. Indeed, a company culture that doesn’t encourage
Corporate philanthropy isn’t something that only the Fords and Amazons and Facebooks of the world can do. Even mom-and-pop shops and other small businesses can give back to their communities in equally as valuable ways. While they may not have the amount of cash to donate that the heavy hitters possess, they can maintain policies