Category: Finance
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Learn How To Bank An Extra 50K in 90 Days
If I Offered To Show You How To Bank An Extra 50K in 90 Days, Would You Take Me Up On It? Making the right offer to the right prospect at the right time can transform the business – and life – of both buyer and seller. Getting it wrong can also be transformative –…
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The Pareto Principle: Unleash The Power Of The 80/20 Rule
Key Takeaways Introduction to the Pareto Principle Have you ever noticed how a small fraction of your efforts seems to produce the most significant results? This isn’t a coincidence; it’s a well-documented phenomenon known as the Pareto Principle, or the 80/20 rule. This principle is named after Italian economist Vilfredo Pareto, who observed that 80%…
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5 Expert Tactics to Master Business Negotiation
Discover the 5 key business negotiation tactics every business owner and CEO should know to drive success and foster long-term relationships.
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Lies, Damned Lies, and Statistics
Statistics have immense power to enlighten or deceive. Misleading numbers can distort realities and influence decisions. Understanding averages and questioning data sources is crucial. Remember, correlation doesn’t imply causation. Always be skeptical of how numbers are used in narratives. Dive into the world of statistics and stay informed…
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Customer Relationship Management (CRM) Systems: A Smart Investment for Small Business Owners
Customer Relationship Management (CRM) Systems: A Smart Investment for Small Business Owners Customer relationship management is essential to a successful business. Customer retention is just as important as lead generation, but many business owners neglect it. Others may feel daunted by the many moving parts required to maintain good relationships, including capturing customer data, streamlining…
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Cash Flow Problems: What to Do When The Funds Dry Up
Facing critical cash flow problems? Swift action is crucial to stop financial deterioration. Begin with a quick financial assessment to understand your current situation, then prioritize essential payments. Implement rapid strategies like a flash sale to generate needed cash, and develop a realistic cash flow forecast to prevent future shortages.
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8 Steps to Save a Failing Business
Key Takeaways Understanding the primary reasons businesses fail helps prevent them. SWOT (strengths, weaknesses, opportunities, and threats) analysis is crucial. Effective cash flow management can save your business from financial pitfalls. Setting clear strategic goals can guide your business towards recovery. Allocating resources wisely ensures efficient operation and sustainability. Running a business is not easy.…
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12 Simple Steps To Make Your Business Work for You
12 Simple Steps To Make Your Business Work for You
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Business Owners: Want To Live Life On Your Own Terms? Here’s How…
Business Owners: Want To Live Life On Your Own Terms? Here’s How… Have you ever wanted to commit to a very significant purchase but you just don’t have the cash? Or want to set a definite date to retire but you haven’t saved enough? Throughout your life you will need to raise money for urgent…
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Is Your Business a Dog, Cash Cow, or Rising Star? What the BCG Matrix Means for Small Business Owners
Is Your Business a Dog, Cash Cow, or Rising Star? What the BCG Matrix Means for Small Business Owners The Boston Consulting Group Growth Share Matrix (BCG Matrix) pegs products/services according to growth and market share: A Rising Star has high growth and high market share; A Cash Cow has low growth but high market…