You can’t prevent a Coronavirus outbreak, that is the job of the government. But you could have minimized its impact on your business, had you taken the following steps. Here they are! 1) Never Put All Your Eggs In One Basket It is important to not put all your eggs in one basket. If your business has required exclusive physical …
The Coronavirus is creating a mass panic all over the world. While it is still too early to estimate the health impact on the world over the long term, one thing is for sure, the economic impact of this on businesses all over the world maybe huge. The bigger the health impact, the economic impact will be even bigger. Stay …
Every week, are you at work or are you at the office? Those are not necessarily the same things. You can be at the office but not be at work. This is true for millions of people who may technically be at work but most of their day is spent on social media, instant messaging, youtube, gossiping with coworkers etc. …
1) Get More customers to buy the product/service The first one is straight forward, get more people to buy from you. When you have more volume, you have a high turnover and consequently higher profits. Do make sure that you have a healthy margin though, because the game of volumes can quickly turn unprofitable on razor thin margins. 2) …
Investing in Learning whether for yourself or for your team to grow your business further is one of the absolute essentials if you want to keep winning. However, a lot of common flawed beliefs hold people back from investing in training. They may think they are taking the right decision but in the long term it is a form of …
False Belief 1: A successful business should always have hundreds or thousands of employees These days the success of a business is perceived by how many fancy offices it has and how many people are working for it. Of course, this doesn’t pay any attention to the fact that the same business maybe posting growing losses every year with no …
The formula is simple, but not easy, unless you are born to a billionaire. People often think that to be a billionaire requires you to work super hard and while hard work is an element. A billionaire cant work hundreds of time harder than the average person if he or she wanted to. Yet others, dole out the popular phrase …
No matter how much people try to justify networking, the truth is most of it is a waste of time. The Problems 1)Most people only blabber on about themselves when networking, about what they have done in the past, what they are looking to do in the future etc.They talk too much and hardly listen. Here is the deal. Nobody …
Recession – The one word that puts fear into the minds of most business-people. It is being speculated that a global recession is just around the corner, based on the change in spending habits of consumers in the recent past and sales getting lower in many industries. So assuming, it does happen, what should business be doing in a recession …
Guess, what is the number one mistake people make in marketing? The number one mistake they make is that they sell to the wrong market! Think about it, if you are selling to the right market, even if you have mediocre marketing, you will still get some sales. However, if you are selling to the wrong people, it doesn’t matter …