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People go into business for different reasons, but one thing that can almost be taken for granted is that everybody wants to make a profit.Otherwise you might as well be throwing cash away! We all know that profit is the key to a successful business, yet some of us are unknowingly cutting into our returns without knowing it. Here are 5 ways you could be damaging your income without knowing it. Weak Customer Service Customer service today has changed a lot from what it used to be. There was a time when this department existed...

Owning a business comes with change, growth and expansion. And whilst business is booming, sometimes we forget the necessities that keep it going. Follow the advice below, and watch your business grow from strength-to-strength.   Keep your Business Information Up-to-Date Your customers shouldn’t have to spend hours trying to reach you, and when they do, they shouldn’t be using outdated information. The most successful companies make sure they are easily accessible.Take a few minutes every two months to update and validate...

The near exponential rate of technological advancement posesmore opportunities than ever before—and more potential problems within anorganization. That’s why successful leaders atall levels respond to changes in the business environment by seizingopportunities and developing new ways of doing business. “Embracing evolving technologies will definefuture growth markets,” says Stuart R. Levine, who leads an international strategic leadershipdevelopment firm in New York.Levine’s number one tip to leaders whoare facing industry...

Hard work doesn’t necessarily add up to productivity. It is a popular myth that squeezing more hours out of your staff leads to robust productivity scales. But nothing could be further from the truth. Essentially, workforce efficiency lies in how much work your employees can complete in the time frame they’re given without actually bearing the brunt of over-utilisation. A direct result of misaligned priorities is a scenario wherein critical work is left undone while timelines get pushed. Your employees are then forced into a frantic...

If you are to believe all of the characteristics that should be shown by great leaders, you have probably understood that giving feedback is one of these. In short, we are now in an age where the qualities of these leaders are much more understood. There has been a lot of research conducted on management, and the various theories behind it, and this has resulted in all sorts of qualifications coming to light such as an online California MBA. If we return to the theory of giving feedback, it would be fair to say that there are ways and...

Your career ladder is decided upon how your boss is i.e. whether your boss is in actual a boss or a leader? Technically, the company head or your immediate supervisor or your department head can work as a boss or a leader – it all depends on the way it heads up thing. The infographic today via Octatools.com shares about insights on putting up the context between the two. ...

It is always important for all of us to work towards making our day productive and for that we all needs to try out one-to-another ways. The infographic today brings up the same context onboard which ease the way out for everyone defining the ways by which productivity can be achieve. ...

It’s a hugely exciting period, but also a very dangerous one. After all, we’ve all read the numerous statistics about how many businesses fail in the early trading periods. Fortunately, a lot of these fears seem to be cast aside by budding entrepreneurs. Over recent times we have seen more and more people take the plunge to open their new business, even when the economy might have suggested that it wasn’t the right time. Something else that has become more common is the influence of education in business. Once upon a...

The financial success and wellbeing of a business are one of its primary goals. It is often easier said than done, and making profit, especially after starting a company, takes time. Of course, there are ways to make the financial process easier, and the first step is to hire the appropriate department. If you are the entrepreneur, why spend your time also playing the role of accounting, for example? You should be focusing on being a leader and letting someone else manage the day-to-day finances. It is also important for companies to...

International marketing strategies can seem daunting to even the most seasoned of professionals. Once reserved for only the largest, most lucrative of businesses, the ability to sell to a global audience is now, thanks to the internet’s levelling powers, a real possibility for even the smallest brands. With literally no boundaries when it comes to selling online, it’s become more relevant than ever to move your business into an international marketplace. But, how do you get started? Not quite as simple as translating a few posts and...