There are many issues to consider when setting up a start-up/small business that can help create solid foundations for the future. In this article we will look at three important factors which are yield management, burn rate and product requirement documents. While commonplace in different sectors they offer a great insight into maximising income, minimising outgoings and targeting your product/service specific demographic.
The conventional methods that many business owners use to market their business include making calls and sending impersonal, cold emails to consumers. However, statistics show that these methods no longer generate the kind of sales you may expect in your business. To fix this problem, you may want to consider conversational marketing.
Customers are the most important stakeholders in any business, and without them, a business cannot thrive or survive. With these stakeholders, the more, the better. That's why businesses are continually searching for new ways to acquire them. Tech has changed the way the world works, with everyone now having an online presence. But how does a business get more customers from online platforms? Continue reading to find out some of the tricks and tips for acquiring customers online.
The VAT number and the NIF are not the same. We will now introduce the differences between both terms, as the concept has been raising doubts since the SEPA (Single Euro Payments Area) came into force.
We are in the midst of a digital evolution. Social media are completely changing the rules in commercial processes, and it’s up to you: either you remain a mere by-stander or you get fully involved using an action plan devoted to the generation of new opportunities.
As an entrepreneur, you will often hear about several economic concepts, even if you don’t manage your business accounts personally. It would be advisable to know what these concepts mean, so that you may make the required decisions knowing what they will actually involve.
CRM stands for Customer Relationship Manager. The CRM is a business strategy that focuses on the creation of a commercial bond between the company and the client by managing information so that it best suits the company’s needs. Such strategies are not only effective with current clients, but also with prospective clients. Knowing their clients’ needs makes the whole commercial process easy for companies, and provides them with a competitive advantage.
Starting your own business is no easy task. If it were, everybody could be successful with their own startup. The thing is that there are a bunch of people who are capable of getting hold of their courage, jump head-first into it and look at failure right in the eye to say their idea will stand still.
The so-called cloud services are extremely modern as of right now. They also bring along plenty of advantages most people are unaware of. Some time ago, I shared with you the strengths of working in the cloud, and I would now like to focus on a fundamental aspect when it comes to tackling administration tasks in our workplace: invoicing.
When we lead a team, we have a lot of responsibility to bear. Because we’ll be the ones who will have to account for the goals that were (or were not) achieved, and because we are the human face of the team, the person who will get all the pats on the back after success (this is usually the case) but also the negatives consequences that arise from the mistakes that were made (this is always the case!). In order to put up with all that, and do it with a great chance of success, we need our most powerful tool: the group; that’s it, our team.
In most cases, resources are scarce for startups; without the proper amount of resources, validating the business model is a complex matter. Because of the scarcity of resources, most startups develop slowly, and it is not easy to know from the very beginning whether the business approach will be sustainable in a competitive market.