Dream Big: How Small Businesses Become Global Players

In today’s vast world, small businesses are a bridge between the local and the global. They may employ far less employees than multinational corporations but that doesn’t mean that they don’t dream big – or that their potential and activities do not have equal reach.

Dream big

There is no escaping the reality that small businesses are nowadays global players: in June 2015, the US Small Business Administration reported that while US exports’ known value grew by 1.4% from 2012 to 2013, small business export value improved by 4.5%, led by firms with an employee base between 250 and 499 people. This means increased profit and opportunities, but also increased responsibilities for smaller scale enterprises.…

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3 Proven Growth Strategies for Law Firms in 2017

Law firms need to stay at the forefront of marketing to expand and grow. And the rules keep changing every year. Software is an integral part of a law firm’s marketing campaign, and there’s a lot new and established firms can do in 2017 to expand their reach, bring in new clients and make more money.

Law firm growth

Your firm can implement the right strategies today to help spur growth tomorrow.

1. Referral Tracking Via CRM Solutions

If your firm is still using Excel to categorize your leads and clients, you’re doing it wrong. It’s time to step into the world of an all-in-one CRM and client intake solution that allows you to properly track:

  • Contacts
  • Leads
  • Conversion rates
  • Lead sources

Lexicata offers an all-in-one solution that also incorporates intake forms, automatic email reminders, status updates, engagement letters and so much more.…

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Funding Your SME from the Start: Here’s How

Starting an SME is both exciting and challenging, and careful thought and consideration is essential if you wish to be successful. It is no wonder that many businesses go bust before they have even got started, with some figures suggesting that 40% of SMEs do not last more than five years. Here is a short guide on how to properly funding your SME.

Business funding

Plan/Budget

Any business owner must have a business plan which they can follow, which will set out their long and short term business objectives. This will provide a structure for your budget, and detail exactly how much funding you need to successfully run the business.…

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How to Cope with the Growth of Your SME

The ‘SME’ category can actually cover quite a broad spectrum of business sizes, from those with just a few employees at one location to medium sized companies with perhaps 100 staff and a handful of sites. Your business can expand quite a lot while still very much having the needs and qualities that signify an SME.

Old small business

Of course, business growth is something we aspire to, and work hard for. It is what we base most of our strategies around achieving, and what we set our goals at. However, when it actually arrives, rapid business growth can be quite overwhelming, and can put strains on both your business and yourself if you aren’t prepped for it.…

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Growing a Business from Nothing: 5 Practical Tips

In today’s digital age, there are more opportunities than ever for budding entrepreneurs looking to set up and grow a business from nothing. The Internet makes the world a smaller place and opens global markets to everyone, and barriers to entry and startup costs for web-based companies are lower than ever.

However, this has encouraged a fiercer competitive market across all industries, where only the strongest can survive. According to some oft-quoted research by Bloomberg, an astonishing 80 percent of new businesses fail within the first 18 months.

Nurturing business growth

What are the essential steps to ensuring that your new business stays in the top 20 percent for a successful and thriving future?…

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6 Practical Steps to Grow Your Small Business

How do you turn your small business into a major corporation? You may have a brick-and-mortar business, or you may have a digital business, or you may have an offline business with an online presence. Regardless of the business structure of your company, it is possible to gradually grow it into a large business.

Managing business

On the surface, it may not appear self-evident how to grow a small business into a big one? Should you just borrow more money and amplify what you’re doing? Should you create new income streams? Should you try a combination of both strategies?

Unfortunately, it’s not that simple to transform a business.…

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5 Plus Tactics to Scale Your Online Store

The future of online shopping is very bright indeed. It’s believed that global ecommerce sales will exceed $2 trillion in 2017. Of the some 20 million online stores that are now considered to be actively selling products and services worldwide, it’s believed there are only a paltry 650,000 that make more than a thousand bucks a year.

Online shop

Depending on your outlook, maybe those few who do make money are lucky. That’s very unlikely though. The smarter bet is that far too many people started their site in the hopes of a passive money making venture, then soon realized there was a lot of actual thought and work that goes into maintaining a successful online storefront.…

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The First Five Things You Should Consider When Your Business Starts to Boom

Everyone who starts a business does so with a dream in mind; however, very few actually make that dream a reality, let alone a profitable one.

However, what happens when the seemingly unthinkable happens and the money actually starting rolling in?

Startup growth

Oddly enough, raking in the dough as an entrepreneur can be both a blessing and a curse. After all, there are plenty of options on the table which can be quite daunting as a business owner.

For example, is it best to conduct business as usual and pretend like your profits aren’t even there? Should you immediately invest the money back into your business?…

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3 Signs Your Business Is Starting To Take Off

Starting your own business can be a tumultuous road which requires a lot of patience and tenacity. Often when a woman starts her first business she has high hopes of it taking off the first year and becoming a millionaire right away.

Business launch

Unfortunately the reality is that it takes years to get to a point of really reeling in the success. However, when success finally does hit you there is a huge wave of satisfaction knowing that your hard work has finally paid off.

Your Income Is Greater Than Your Debt

Getting your business going can often mean a lot more going out of your pocket than going into it in the beginning.…

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Learning to Scale: How to Grow a Home-based Food Business

Many home-food businesses, particularly artisanal producers, fear that there is no way to sustain or scale their food business without investing in their own premises and resources. Thankfully it’s just not true thanks to rental commercial kitchens.

Coffee shop owner pouring coffee

If you’re one of the UK’s 2.9 million homepreneurs, don’t be afraid to grow your food business. Its intimidating at first but perfectly possible, with planning. There are plenty of opportunities to enable your business to grow at the rate you wish it to, even as you make the transition from home food business to stores.

Commercial kitchens are the first step

Graduating to premises is the biggest initial leap a home business will take.…

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