4 Areas to Focus on to Make Your SMB More Profitable

Profits are the thing that keeps small business owners up at night. Sales might be increasing, positive reviews may be landing online, but if your business isn’t profitable then it could be game-over. No two businesses are the same, but whatever type of company you run, there are some key areas of focus for making your small business more profitable.

SMB Profits

Read on for 4 essential tips from insolvency experts on increasing a small business’ profitability.

1. The customer must come first

Customers are the lifeblood of any business. Without an engaged and loyal customer base, making your small business more profitable is going to be an uphill battle.…

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6 Business Tips You Must Ignore

When you want to start your own business, you start looking for information on the Internet to get some tips. It’s possible to find so many tips that you can feel totally overwhelmed and confused.

In this article, we have gathered some “bad” tips you should avoid, helping you in realizing how you need to act.

Ignoring bad business advice

1. Don’t even try to start

Just from the moment you’ve got a great idea for your startup, begins bad advice from others. Of course people that say this are just very cautious and they really might not with you anything bad. But be prepared that even your friends or relatives may tell they don’t like your business idea, and you shouldn’t even start it.…

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5 Things Every Entrepreneur Should Know: Tips From Real Businesspeople

Unless you’re keeping news of your pending launch tightly under wraps, you’ve probably been inundated by well-wishes and offers of assistance. Whether you know it or not, you’ve got a lot of people rooting for you.

All this support can be overwhelming, even confusing. How do you sort well-meaning but misguided advice from truly valuable nuggets of wisdom?

Startup mentoring

Turning to successful businesspeople could offer some clarity. You might not be able to get Bill Gates on the phone, but you can certainly benefit from the experience he’s gained over a lifetime of fantastic success. Ditto for any number of other high-profile entrepreneurs.…

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