Two secret words can be used in any business to drive future sales and help ensure long-term success. After a sale, a retail, manufacturing, or service business can use them. The two secret words are small yet powerful in building…
Diversification is an important aspect of any business. It can help grow sales, increase business value, and improve efficiency by reducing certain costs associated with production and marketing. By diversifying into new markets and products or services, businesses can reduce…
Mentoring is an important part of professional development in any business, providing a platform for individuals to share knowledge and experience with one another. A relationship is formed between two individuals…one with more experience, knowledge, and expertise and one with…
What does a business do when it cannot provide a particular product or service needed by a customer? The easy answer might be to advise the customer that the business cannot meet its needs and lose the customer to a…
“The customer is always right” is a popular saying in business and has been around for decades. It is used to emphasize the importance of customer satisfaction and to remind businesses that they should always strive to meet the needs…
The current tight labor market has a major impact on small businesses. A tight labor market (i.e., where there is a shortage of available workers and the demand is high) is especially concerning to owners and managers. This can lead…