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There are plenty of challenges to face when you’re the boss. Taking care of a large team of workers is one of the biggest you might have. But how on earth can you manage that team if none of them work in your building? Remote workers and freelancers are notoriously difficult to lead and manage. Fortunately, the world is changing. This type of working is becoming the norm. Managers are learning to excel and encourage productive working relationships from afar. Working Environment For any employee that works from home, privacy is essential....

Image Source Everyone has their own priorities when it comes to running a business. Some will care about their customers, some will focus on impact, and most will want to push profits, but not everyone really cares about the kind of boss they are. And when you want to run a successful business, that can often be a big mistake. Even when you think that you’re full of ideas and you’re good at the business game, if you’re not a nice person, you’re not likely to go very far. Remember, people work for people. Yes, high powered people...

Not that long ago, the main way a business could succeed was through the hard work of the owner and team of employees. Now, thanks to the advent of machine learning, companies can also use computing technologies to help power and improve their business. Machine learning is a type of artificial intelligence (AI) that is based on the idea that machines can learn and adapt through experience. While past AI relied on mostly pattern recognitions, machine learning is evolving to take additional data and adapt. Let’s take a look at four ways...

Mapping your customer journey is one of the most cost-efficient ways to boost your business and turn prospective customers into loyal brand advocates. Focusing on the customer journey yields 55 percent more revenue from cross-sells and 250 percent more revenue from customer referrals, Aberdeen Group research shows. Motivated by these types of results, more companies are implementing customer mapping, with Gartner projecting that 60 percent of large companies will have in-house customer mapping capability by 2018. These numbers build a...

Starting your own business can both be exciting and frightening at the same time. It’s one thing having an idea, one that you feel very passionate about. But quite another to turn it into a business and a success. Most new businesses will fail in the first year because of some of the primary attributes of running a business. They will have either been ignored or not done in the right manner. The idea could be amazing, but if not implemented correctly, could turn into a bad one. That is why I am going to share with you some of the technical...

If you supply products to other businesses, you need to make running a business easier for your clients to do. If buying from you is too difficult, businesses can go to someone else to make things easier. So, as a supplier, keeping your clients involves being simple and pleasant to work with. You should avoid creating unnecessary problems for your clients so that they’re happy to keep working with you for as long as possible. Making an effort to do this, instead of just assuming it will happen on its own, is essential if you want...

One of the biggest issues that many businesses tend to run into is that they have a habit of acting as though the good times are going to last forever. They assume that, just because everything in their business is functioning perfectly right now, that it’s going to continue just like that for the foreseeable future. Of course, the truth is that, no matter how well you run your business, there are always going to be things that can potentially go wrong. However, that doesn’t mean that there aren’t steps you can take...

For anyone starting up in business, the cost of starting it all up is more than real. Even from getting new computer equipment can be costly, then there are things like office space and inventory that need to be considered. But if you spend too much money in the early days, it can have an effect on your profits. The less that you spend initially means the more profit that you will have to play with later on. So being able to reduce the costs can mean many benefits for your business, especially as you’re setting it up. Some costs you...

Image Source The business landscape can be brutally competitive. As a brand trying to make its way in any industry, no matter how global or local that industry’s reach may be, it can be hard to find a secure spot amongst a sea of already-established competing companies. The goal is to build a stable client-base to ensure a consistent flow of income, but that’s easier said than done when the majority of your target market seems to already be taken by the other big players in the game. What helps a brand sell more than its competitors?...

Money is so important in any business. It is what makes everything happen (or not, if there is a distinct lack of cash flow). It can help you to reinvest in your business, invest in other things, as well as keeping you on track to make payments and keep out of debt. So as a result, it is very important to keep track of your costs and be active in keeping costs low. There is no need to spend money unnecessarily. Of course, there are some things that you need to spend money on as has been mentioned, to reinvest and help the business grow....