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.
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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.
The UK experiences shockingly low employee engagement levels, which is impacting productivity, worker morale, and staff turnover levels nationwide. Many businesses overlook this fact however both employer and employee suffer the consequences of this. Only around one-third of British employees say that they’re engaged with their work, and 66% of millennials feel they’ve chosen the wrong career.
In recent years, YouTube has become an increasingly important marketing tool for businesses. More and more marketers are taking note and increasing their use of YouTube in promoting their businesses. If you are not already using YouTube, you are definitely missing out. You know what they say, if your competitors are doing something, you should investigate and start doing it better. If you are already using YouTube, good job! Keep doing it and do it better than everyone else in your niche.
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.
Are you facing a busy period? Have all your customers paid you promptly? Are you looking to capitalise on new opportunities for 2019? If you answered yes to any of the above you could be missing funds to keep your books in the black. After forecasting sales and factoring in expenses, your business might be in need of a cash injection at short notice.
A pharmacy business can be lucrative and starting from scratch is one of the best ways to own one. However, establishing a pharmacy, even a small one is not an easy task, so it can be easier to buy an existing pharmacy if you find one for sale with potential growth. With so many laws, rules and regulations that you must adhere to before starting a pharmacy, buying an already existing pharmacy or franchise will make things simpler for you. However, starting your own profitable pharmacy business from scratch is possible and may be more satisfying than buying one.
Readers’ question: I’m looking into starting a small business and I’m still not sure what the main differences between a sole trader and limited company are with regards to tax implications. What is the more tax beneficial method of running a business?
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.
I don’t know about you, but I like to know what I am spending my money on, especially if investing in a wrong marketing strategy can put the future of my company at peril. I am also a great admirer of history because I think that the cause of a crisis can always be traced back in time. That’s why I know when my marketing strategy underperforms because I carefully monitor all metrics that can indicate that things aren’t going as planned. Monitoring these metrics gathers information that enables me to make better marketing decisions.
Storytelling has become an essential part of PR and marketing. It allows businesses and big corporations to connect with their audience and customers on a human level. By telling a story, you are allowing your viewers to experience emotions, which makes you memorable. Over the festive period, a number of huge companies invest in making emotional adverts that tell a story. These have become an annual event, with John Lewis usually leading the way. They are so popular because they play on emotions. If you are making people think and feel something, then you have their attention.
If you’re an aspiring business owner who needs to raise finance for a business purchase, you have several options. Three of these are bank lending, an angel investment or seller financing.
Although HMRC sends reminders to those who need to file their self-assessment tax return, not everyone meets this deadline. More than 30,000 taxpayers completed their tax return within the last hour on January 2018.
Now more than ever professionals are keen to move away from traditional working hours in favour of a better work-life balance, and as more of life moves online, the idea of working from home seems to make sense. Many organisations are now offering, or at least trialling flexible working hours, but some are still behind the times.
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.
