One of the key things in business is knowing exactly who you compete against. If you were jumping into an established business then you need to see who is the best at that and the only emulate the past them if it is a new field and you were did introducing something brand new to the market you need to decide whose business are you replacing. Competition makes us work harder and we give our best … [Read more...]
Archives for December 2017
The Greatest Sales Lesson I Ever Learned (And It Took Just 2 Minutes)
Learning to be humble in any business environment is a valuable tool, but especially in a sales environment. It is important to remember that those who have been doing the job longer have stuck around have been kept around for a reason. In this particular situation, the young sales manager really learned a valuable lesson from a more seasoned sales associate. The lesson was to be consistent in … [Read more...]
10 Most Common Business Models to Make a Profit
One of the most important elements of maintaining a successful business is positive cash-flow. Without it, the business will eventually fail. In order to achieve this, you need a viable revenue model. One popular method is to offer your product for free and get your revenue from advertising dollars. Another one is the Freemium model where customers pay a fee for an upgrade to an online product or … [Read more...]
5 Ways to Build Creativity and Boost Your Business
Exposure to the unfamiliar is a key component of creative thought within the world of business. In order to rack up the necessary exposures, entrepreneurs must build mental fortitude and invest both time and effort. They will need to venture beyond their comfort zones and seek out knowledge in areas outside of their own industry. It will also be imperative to establish a life for oneself outside … [Read more...]
How to Grow Your Business Using the Rule of 3 and 10
According to CEO of Rakuten, Hiroshi Mikitani, the secret to growing your startup is by following his theory called the Rule of three and 10. Basically, this rule means that businesses start to fall apart once they achieve multiples of three, as well as powers of 10, in any one part of the business. The context of the rule is usually around insufficient employee counts for the amount of work that … [Read more...]
Not Enough Money to Start a Business? Here’s How to Get It
Most entrepreneurs encounter anxiety inducing cash flow problems near the start of their businesses. While many individuals opt to deal with fund shortages through the use of loans, there is a better and less risk intensive option available. Entrepreneurs who are low on funds should consider utilizing financial leverage in order to improve cash flow. This method facilitates quicker earnings at … [Read more...]
How to Build Your Business By Adding a Second Line to Your Cell Phone for Business
You should think about adding a second line to your cell phone. Incorporating an additional set of digits to your persona or business can bring major benefits to your business practices and personal health. The ins and outs of how an additional number works are unknown by many. Luckily, we're here to fix that. Here's everything you need to know about adding a second line to your cell … [Read more...]
Successful CEOs Use These 5 Hacks to Always Stay Productive
Building a successful startup from the ground up is no easy feat. Entrepreneurs will face unprecedentedly heavy demands on their mental and physical capacities as well as on their time. It will be vitally important to learn how to make the most of the time spent working in order to be as productive as possible. One feature of accomplishing this balance will require the individual to embrace a zero … [Read more...]
How Your Global Business Can Meld Your Company’s Culture With Local Culture
Global business expansion can be exciting and rewarding, but unless you adapt to the local culture, the expansion is unlikely to meet its promise. We at Ustwo learned a thing or two about going global when we expanded from one London studio to three countries in 13 years. First, make no assumptions: every work culture is unique. Second, dispense with cultural stereotypes. Finally, learn from … [Read more...]
9 Huge Opportunities in Healthcare for Tech-Focused Entrepreneurs
Healthcare is a highly inefficient industry that is ready for technological disruption, opening up numerous promising opportunities for innovators and investors. Increasing adoption of existing technologies to improve the performance of healthcare companies will be one of the main drivers of change. The biggest opportunities are in big data and analytics for forecasting medical issues and speeding … [Read more...]