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Tag Archives: Small Business

We talk about a lot of business clichés on this site and one of those is definitely the one that says that cash is king. But most small business owners would say that profit is their first priority in planning their business success. So who is right? Is profit more important than cashflow to you…

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Starting up a new small business is always a risk, no matter where you do it and what product or service you offer. However, that doesn’t stop thousands of brave entrepreneurs from doing exactly this every month. In fact, figures from the US Bureau of Labor Statistics suggest that 400,000 new businesses start up each…

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While every entrepreneur’s aim is to create a company that grows steadily over time, it is all too easy to become a victim of your own success. If the expansion occurs too quickly, you may find yourself struggling in several ways. These pitfalls can take your business down before you know it unless you make…

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In the world where very few industries and companies could claim that they have the market cornered, is it really that hard to retain customers? It appears that it is getting hard to command customer loyalty and have a stable (forget growing!) customer base. The factors are numerous and not all are in the control…

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Working out the price you should charge for your products and services is actually one of the trickiest decisions you need to make as a business owner. Price too high and you could lose sales. Price too low and you will lose profit and possibly even go out of business! The right price is somewhere…

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Business Success Will Only Come When You Start To Work On Your Business Rather Than In Your Business Ask yourself – what would happen to your business if you took a 12 month holiday? I think this is the real test of whether you are a true leader in your business or just an employee…

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Why Is Customer Lifetime Value Important To Your Small Business? One of the key numbers you need to understand when developing a sales and marketing plan for your small business is the lifetime value of your customers. This is the number that the most successful business owners track to laser target their marketing strategies as…

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With the globalisation of the business world, it is now easier than ever to find staff to perform virtual roles within your small business to help improve your productivity and free up time spent on day to day tasks to better focus on the strategic direction of your business. Virtual assistants can be used to…

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