Actionable insights and strategies on entrepreneurship to help solopreneurs and small business owners grow, scale, and thrive.
There is no doubt in any entrepreneur’s mind that your employees are the most important part of the business. As has been said before, if you look after your staff, they will look after your business. But it is often hard to know what you should do in order to ensure that they feel trusted, respected and valued.
More and more people are testing the waters of E-commerce. It’s not hard to see why. You gain most of the benefits of a brick and mortar business without the rental costs, overheads, bills and need to employ multiple permanent staff.
The global landscape of business and marketing has changed immensely in the past decade thanks to the rapid technological and social advancement of humanity. The world has become faster and more interactive than it was a couple of decades back and judges a business not only on the merits of its product but also on its image, interaction, and benefits.
Being your own boss is a risky and challenging career. It takes specialized knowledge and a desire to win. Many entrepreneurs don’t make it because they refuse to take the job seriously and aren’t prepared for the time and energy it takes to manage a business. They wait around hoping their next move will be served to them on a silver platter.
Which is yours? If you have a business, you might well be wondering what it means for it to be healthy or unhealthy. As it happens, there are a lot of factors which might influence this, and it is worth spending some time getting used to what they are first and foremost.
Being familiar with modern technologies, you must have heard of Uberisation, a transition to an operational model where economic agents exchange under-utilised capacity of existing assets or human resources (typically through a website or software platform) while incurring only low transaction costs.
Keeping ahead of the game when it comes to business is no easy feat, especially with an ever-evolving market that keeps on incorporating new technology and processes, so that companies can stay on top.
Growth is one of the goals of every entrepreneur and business owner. When you start your own business, you most likely have a clear idea of how far and successful you want the company to be – and how to get there in a timely manner. In recent years, however, there have been many cases of businesses being consumed by their own growth. Rapid growth could easily lead to degrading service quality, inability to operate efficiently, and other big issues that threaten the existence of the business.
I’ve been visiting a small coffee shop in my town the other day to grab a small cup of coffee for the rest of my (working) day. It is a small coffee shop I like a lot for many reasons: excellent coffee, quality services, attention to individuals’ needs and continuing personal interest and connection.
As per the National Institute for Occupational Safety and Health, companies in America spend around $300 billion annually on stress-related work problems like lower productivity, health insurance expenses, absenteeism, lower employee turnover and direct medical expenses.
When you have a bad experience at a business, does it make you want to go back? Of course not. The one and only constant method for retaining customers is excellent customer service. If nothing is too much trouble for your employees, your customers are certain to return.
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