So, you’ve done it. You’ve had an idea, you’ve launched a business, it’s even started to grow. Congratulations; you’ve cleared your first set of hurdles. But what do you do next? You have information coming at you from every angle. Demands on your time are growing and your available time is dwindling. How do you know which information matters? And how do you keep the momentum going, or even build to the next level? Every business is different, but some requirements are universal, and some data should never be overlooked.
Grow a Small Business
History has a habit of looking unfavourably towards individuals and corporations who don’t hold up to the scrutiny of modern morality. This is evidenced by the demonisation of all slave traders, colonisers and sexual exploiters of history, who often were simply doing what was ‘perfectly legal’ in their period of history.
It’s fair to say that cruelty-free is having its moment. From animal welfare and non-animal testing to veganism, increasing numbers of people are demanding transparency from businesses in terms of their practices.
Every eCommerce brand has a goal to increase traffic and grow revenue. It can be incredibly frustrating when the campaigns you painstakingly develop start pushing more leads to your eCommerce store but fail to generate the expected sales.
Migrating to a new eCommerce platform is widely considered to be a costly and time-consuming practice that carries a significant level of risk when not carefully managed. It’s that fear of what could potentially go wrong—like lost sales or taking a hit to organic search rank—that hold merchants back from switching eCommerce platforms.
Nowadays, pretty much everything has become digitalised. Businesses are operating in the online world and their business operations rely heavily on modern technology. The fact of the matter is that digital transformation is slowly but surely disrupting almost every business factor today.
Good leadership is vital regardless of the size of the business, but a medium or large business will at least have enough managerial support to mitigate the damage caused by leadership problems. A small business doesn’t have that kind of buffer. With such a small team, a lack of stable direction can have disastrous consequences.
It has undoubtedly been a difficult few years for the UK high street with many shops closing and the loss of big-name brands. And with major retailers reporting disappointing sales figures over Christmas 2018 there may be more to come.
Moving into a new office is an exciting time – you might be moving into your first office space and preparing to launch your business. Or, your company may have grown and so you’re now looking to change locations and find a larger office space. However, moving offices can also be stressful and there are a lot of things to consider when planning an office move.
The impact that mobile apps have had on e-commerce is noticeable almost instantly. Consider all of the companies that have successfully built a niche for themselves by creating engaging mobile apps. The success of those apps and the companies they empowered is sure to change the world of online retail.
The most important question that a business owner needs to ask themselves is ‘what internet speed do I need for my business?’ but more often than not, they don’t really understand what internet speeds mean in the first place.
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As a new business, breaking into the market and encouraging people to buy your products can be a daunting task, yet it is your business’s only lifeline to success. How you approach your sales is vital when it comes to making your business a success, but is this the only thing you should be focusing on?
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Regardless of whether you are an employee or a self-made entrepreneur, in order to work efficiently, you need to be able to focus. This word is essential for doing any kind of work but staying focused is often difficult as there can be so many distractions in the workplace. In order to tackle this issue, both employers and employees are constantly on the lookout for methods to make the workplace more private.
If you are thinking about getting a business valuation, you’re most likely weighing up the pros and cons of it. Getting a business valuation takes time, effort, and resources. So if you don’t need one, why would you go through it?
Online businesses are everywhere and search engines are a significant source of traffic for most of their websites. If you are running a small online business, then being ranked on Google should be your priority. Therefore, it’s recommended you opt for the right SEO plugins and tools for making sure that the search engine optimisation of your WordPress site is in order.
You’ve done the hard bit; you have a store that’s open and fully functioning. But, footfall isn’t coming in as quick as you’d like. It’s vital that you ensure customers have a great experience in your store. Consider all the factors below before you start wondering why your sales aren’t as high as you’d like.
A lot of businesses now choose to trade internationally to help their business grow and succeed worldwide. Trading internationally can not only be a great step for your business but can also help you to build your brand awareness and reach more customers. If your business is moving towards international trading then it is important that you know how to reduce your costs to help you save money in the future.
Productivity is a key yardstick on which business efficiency is measured; the more output achieved, the more revenues and profits are likely to increase. For the most part, improving productivity revolves around having efficient, content and well-managed staff, therefore much of what is done to improve productivity is geared towards ‘people’ matters.
2019 is fast approaching, and with the New Year comes new opportunities in almost every sector. Among these opportunities, some of the major ones will include creative new small business ideas.
You have successfully set up your dream restaurant or café and now you want to enjoy the freedom of running your own business while enjoying your passion for food and people. For your business to be a success, it is vital that customers have a great experience and want to return to your venue. Keeping the customers you already have happy is important, as they are the backbone of your business and provide a regular stream of revenue. But you should also consider that the customers you retain will actually help spread the word and attract new customers to your business. According to Harvard Business School: “increasing customer retention rates by 5% increases profits by 25% to 95%.”
