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Ethics in business has always been important, at least to a point. If there comes a time when customers don’t believe you’re honest about what you’re selling, they can abandon you overnight, ultimately ruining your business. It’s becoming more apparent all the time that going a step further and practicing a higher standard of social...
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Both young and mature companies have to decide the type of loans they might take out, who they will partner with, and their general operational guidelines. The truth is, investors are the lifeblood of all companies. Finding the right investors is vital to the success of a company. While there are several types of investors,...
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Any business owner knows the key to success is attracting and retaining customers. But, of course, prices are a major factor in this equation, and raising them can be risky. After all, if your prices are too high, you risk losing customers to your competitors. But if your prices are too low, you may be...
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Small businesses sometimes need a little financial help. Whether you are looking to help with your day-to-day expenses or you are looking to invest in growing your business, an SBA business loan might be a good option. The SBA 504 and the SBA 7a are small business loans that might help your financial portfolio. What...
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For any entrepreneur, the threat of inflation looms large. The cost of doing business tends to go up and down every year. You may ask “how to survive inflation in 2022?” That’s why small business owners must stay on top of small business inflation and its impact to create sustainable success in their businesses. Fortunately,...
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YouTube and TikTok are two of the most popular social media platforms in 2022, with 2.29 billion and 1 billion monthly active users, respectively. About 12.5% to over 25% of the global population uses these platforms. This usage rate makes them ripe for marketers and advertisers to reach their target audience worldwide. However, are these...
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No matter what industry you’re in, improving client relationships is essential. The clients are the backbone of their industry, and they are also a vital part of your business. Not using the proper business skills to engage a client will create a domino effect. A lack of practical actions and poor leadership, communication, and trust...
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Ideally, all of a company’s clients would pay every invoice and bill on time. However, that’s not a reality even large enterprises live in. There will nearly always be a percentage of customers who pay late or don’t pay at all. While companies sometimes handle debt collection in-house, many small businesses don’t have the bandwidth...
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If you have a retail business, you’re likely familiar with the challenges that come with retail loss. It is an issue among retail stores, but there are loss prevention strategies to ensure that your profits and inventory are protected. What Is Retail Loss? Retail loss, also known as shrinkage, is losing retail merchandise by theft,...
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Great leaders have a series of management tasks that enhance the achievement of goals in organizations. These tasks mainly involve team coaching, the delegation of work among subordinates, and decision-making. To be a great leader, you’ll also need to prioritize networking. Networkers connect with like-minded individuals in the industry, employees, and other company managers. Your...
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