No business is static, so if you want your SME to grow, not only do you have to learn to balance time and resources; but also choose the precise area of the company that has the greatest impact on the market.
That’s why we give you 10 tips that will help you focus on the areas of business that offer greater profits.
Take note and make your business grow right now: (more…)
Being limited has some benefits in a way we seldom imagine. Organizations tend to become creative and innovative when they start running short of resources. Research also show that companies with thrifty CEOs deal with less fraud and errors.
Owing to my humble beginning, I understood how important and valuable money is before becoming a teenager. During my childhood, I would often spend time recycling cans after school. Even after being a CEO of a fast growing startup, I still exhibit the traits of the frugal kid. I seldom spend more money than I require and this has translated to lots of savings in my organization. Before any purchase is made by my company I would oftentimes evaluate and access the decisions regarding the purchase to ensure that it is well done. I do it as though the money comes directly from my bank account. (more…)
Never is it more important to communicate your vision with much effectiveness with people around you than when you are starting a new business. Effective communication will earn you the trust of people around you including your business partners, investors and customers. You need these folks to believe in you and your business for your success to be easily achieved. To achieve this, you need to tell them what you are trying to do not only in a clear way but also in a very precise way. At this point in time, writing skill becomes immensely important.
For effective communication of your message, you need to be passionate and determined to your goal. However, this is not always an easy process as time is usually needed to build these communication skills. If you just ventured into the business world and desired to develop your writing skills, here are some takes on achieving your purposes. (more…)
22Sustainability is one of the last things a small business would think of with the numerous activities and things to bother about in the business. However, you can invest in sustainability programs despite your limited resources. The founder of Trade Show Emporium, Willis Wood, said people generally believe that it costs a lot of money to achieve sustainability in business. I went through the challenge of wanting to provide trade show exhibits with environmentally friendly features, he said. At the onset such trade show exhibit was pricier than the traditional one. However, we were able to obtain a green exhibit of the same price with traditional exhibit after working with manufacturers to reduce the price. (more…)
Today, many youths in America have passion, desire and creativity to take the world by storm and bring in new innovations. This simply explains why you can find many of them being entrepreneurs in different fields and aspects of life. However, owing to their lack of experiences and indestructible naivety attitudes, lots of these young businessmen and women are victims of business failures and debacles today.
This is a great challenge but the good news is that there is a solution for it. You can wade through the liabilities and overcome them in order to successfully launch your business and also ensure that you make huge success even until your retirement. How do you achieve these purposes? Below are some takes on achieving it. (more…)
Just like romantic relationship, business partnership is tricky and has high chances of failure. However, when the relationship between the two business partners is healthy, greater and faster success can be easily achieved than what a single person would be able to do.
In just four years, we have achieved unprecedented successes and achieved great milestones in my audio-equipment company, OrigAudio. The reason for lots of these successes is the business partnership existing between my business partner, Mike Szymczak and I.
You need to know how best to choose a partner that would help in driving your business to a greater pedestal and level of functionality and not sinking it faster than ever. Below are some of the tips you should consider to take your business to the next dimension. (more…)