Warehouses are an essential part of the supply chain system, and their efficient management is vital in ensuring your business remains profitable. A slight hitch in warehouse management can cost your business the trust of your customers and, just as significant, revenue. In a survey of 600 customers, 29 percent of the respondents said they … Read more
A business has two faces: cost and profit. To make the company more sustainable, it can increase income or decrease spending. Today’s topic is about the latter. To be more specific, it will focus on three coffer drainers that many business owners sadly don’t pay much attention to: 1. Turnovers The costs of turnover can … Read more
In any relationship, there is an emotional component. That holds true even for the connection between consumers and brands. Your brand’s relationship with customers is built over time, strengthened by buying experiences and repeated interactions on many physical and virtual consumer touchpoints. In a time of crisis, like any relationship, a brand-customer connection can be … Read more
When we think of e-commerce, we think of huge markets that sell endless supplies of products. Some of the most prominent players in the e-commerce industry have been so successful that they practically own half of the industry. Several traditional store owners have been switching to a more readily available platform when selling their products, especially … Read more
If you are looking for new ways to improve your career, this might not be the article for you. There are many reading materials for job development and climbing up that ladder. It isn’t to say that it isn’t essential, but another aspect of your life that you should look into developing is your personal … Read more
You have a good product and your staff is well-trained to provide great service. However, you are struggling to capture the attention of potential customers. Despite being in a location that has high foot traffic, people walk past your store. Why is that? It turns out, placing an “Open” sign is not enough to encourage … Read more
Earn your degree, and find a job; grow as a professional, advance your career, and earn more than you need. The surplus pays off debt, allowing you to buy a car and then a home. You can afford to start a family, travel on vacation, and eventually send the kids off to school. The dream … Read more
Making your brand stand out from the competition is one of the most challenging goals you need to accomplish. If you can’t gain a competitive advantage, your business is bound to fail. To avoid this, you need to implement effective strategies for improved brand recognition. Most business owners will likely dive into complicated marketing strategies. … Read more
For many aspiring entrepreneurs, franchising is a great way to build up their skills and make a lot of profit. When you join a franchise, you get to enjoy several advantages you won’t find in other business models. Here are the top reasons why you should consider buying into a franchise: No experience necessary Franchising allows you to explore all … Read more
Running a business during the pandemic is nowhere easy. The government already set new and stricter rules that every business should follow to lower the chances of spreading the virus. But this is not the only thing that scares the business owners. Many threats are surrounding businesses that one may not have to deal with before COVID-19. … Read more