Running a small company is exciting, as you are turning your passion into a successful business. Yet, one of the biggest challenges you may face is having to compete with large, more established brands in your industry. However, do not be disheartened. There are many ways you can secure your place in the industry and compete with big brands. Here are some from our experience.
While there are always risks in growing your business, franchising it out is often one of the safer forms of operational expansion. Generally speaking, it allows you to share your successful business model with other people – in return, you get a fee and a cut of their profits (royalties).
In this article, we’ll cover a couple of reasons why replicating your business model with external partners might be beneficial to the future of your organization, and whether or not your business is franchise ready.
It’s sad, but not everyone is cut out to be an entrepreneur. Going out and taking risks that might not pay off isn’t for everyone, but for those of us who are cut out for it, the life of an entrepreneur, where you get to be creative, have more freedom and make your own money on your own terms, can be fantastic.
If you’re thinking of starting a business, but you don’t know whether it’ll work out for you, check out these tell-tale signs that you were made to be an entrepreneur. Here they are:
If you’re a team leader or even the CEO of a business, you may have noticed that your staff seem unhappy at work. Having unhappy staff at work can cause all kinds of issues. Not only will they likely get less done, the quality of the work will suffer. Then there’s a high staff turnover, bad reputation, paying to train new staff, spending time and resources interviewing, and more! If your staff seem unhappy, it’s down to you. Here’s why they seem that way:
Global business would struggle with manufacturing. To put this into perspective, the UK’s manufacturing alone contributes £6.7 trillion to the global economy — impressive stats for a country that is dwarfed in size by other nations.
Process manufacturing software provider, Datawright, compares the UK’s productivity against the rest of the world’s manufacturing outputs:
SEO is a prominent buzzword these days. It stands for Search Engine Optimization and refers to how well a website is set up for search engines to crawl through. The more SEO-friendly a site is, the easier it is for search engines to find, and the higher it ranks in the organic search results.
As everyone knows, the higher up in the search results you are, the more likely it is you’ll get clicks and see a lot of traffic. Taking all of this into account, how do you develop a site that’s SEO-friendly? Carry on reading to find out:
It’s no secret that organization is one of the key factors in any company’s success. Of course, as important as it is, staying organized can get increasingly difficult as a business grows. If you’ve found yourself struggling to get a hold of your important data, or you frequently find yourself overwhelmed with meetings you forgot about, then this is the guide for you. This guide will look at some of the best apps on the market, so that you can spend less time managing your office and more time managing your business like you’re supposed to.
Small business owners may find themselves scrambling for funds. Whether you’re searching for seed money or trying to take your business to the next level, you need to find cash to achieve your goals. Marketing is an area that small business owners cannot neglect, even if they have bigger issues to tackle. Try the following six creative and effective funding techniques for your small business marketing campaigns.
Despite living in a world of recession and jobs that are in crisis, as well as their own student debt, many millennials want to make the world a better place. Many are not motivated by money, but rather, making the world more sustainable and a more compassionate place. As these millennials with this mindset will be most of the people in the workforce in the next five to ten years, it makes sense that jobs and employers need to be up to scratch on creating an environment suited to their millennial employees.
People who’ve recently launched their first business often have to build a small team of staff. It’s sensible to keep costs as low as possible during the early stages. So, entrepreneurs should carefully consider how they spend their money. However, it’s the way in which owners approach employee communication that plays a significant role in their success and failure. It’s vital that all business owners ensure team members can communicate quickly and efficiently. The information in this article should help to point all readers in the right direction. At the end of the day, most companies will crumble without effective communication.
