3 Tips for Breaking Into a Highly Competitive Market

For many people looking to start their own business, it can be very intimidating thinking about coming into an already established market or industry. It’s very likely that there are already business or organizations within that market that are highly successful and have claimed a large portion of the market share. So when you’re in this situation, should you just give up on your dream to create your own successful business in this industry? No! You just have to know how to get the system to work for you.

Happy pet shop owner

To show you how you can start doing this, here are three tips for breaking into a highly competitive market.…

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How to Make a Great Impression During a Business Meeting

First impressions count, especially in business. But how can you make sure that you make the best first impression possible when attending a business meeting, and land that great new client contract? Here are some tips to help you.

Business meeting

Arrive on time

It goes without saying that you should not arrive too late for a client meeting – but on the other hand, it’s not advisable to arrive too early, either. Arriving a few minutes early is ideal – but arriving too early and having to sit and wait can put unwanted pressure on your meeting partner when they might still be preparing for the discussion.…

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Delegating Business Tasks to Increase Productivity

Hiring people to work in your business can be time-consuming and stressful, but delegating work is essential, in order to grow your business. Many services can be staffed over time, which allows you to spend time on more critical work.

Delegating business tasks

Consider each of these important components of a business, which can be delegated in exchange for increased productivity.

Accounting

It’s important to stay on top of your accounting transactions because you always need to know where you stand financially. Many small business owners buy accounting software and post the accounting activity themselves. As your business grows, you’ll have more transactions to post, and you may fall behind.…

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The Culinary Tastemaker – 10 Tips For Effective Hospitality Management

Whether you’re new to the business of hospitality management, or looking to improve and develop your rapport with staff and customers, there may be factors you’re overlooking or unsure of approaching. The following 10 tips are aimed at making your management (and your business) more effective – without leaving any passive-aggressive notes.

Hospitality management

1. Look The Part (Without the Cost)

While it’s obvious that your personal presentation matters, it’s even more important that your business is well attired and stocked with supplies. Clean, matching glasses, crisp linen and shining cutlery are all signs of a well-run establishment. There’s no excuse for looking like your serving ware has been through a war.…

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3 Ways To Get More For Your Money When You Start A Business

It’s one thing to run a business and it’s another to grow your business. The difference between the two is the use of the Pareto Principle, better known as the 80-20 rule. According to this principle, 80 percent of your results will come from only 20 percent of your efforts.

Business operations

Since the aim of every business is to increase profits, a person who runs a business focuses on marketing and sales. Meanwhile, someone who grows a business will also focus on marketing and sales—but they will also apply the Pareto Principle to overheads. He or she will try to isolate the 20 percent of B2B services that increase 80 percent of the business’ performance.…

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4 Skills to Master for Improving Business Processes

Business owners often look for ways their companies can improve. After all, nothing is ever perfect and the more your company evolves, the more likely it is you’ll succeed long-term. Fortunately, improving your business doesn’t mean you have to make drastic changes. There are small skills everyone in your company can learn to help improve your business processes. You can inculcate these skills by offering green belt training and start focusing on these often-overlooked business skills.

Developing business skills

1. Problem-Solving Skills

Problem-solving skills are essential to every business, but it’s not something that comes naturally to everyone. Consider offering a Six Sigma certification program to your employees to help them improve their problem-solving skills.…

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The Rise of Do-It-Yourself Home Business Security

Running a home business? If so, then home security is even more important for you. Not only protecting your personal well-being, but you also need to protect your business’ continuity.  Indeed, it’s essential for peace of mind. It doesn’t matter if you live in a normally safe neighborhood. Unwanted, nefarious intrusions can happen anywhere, at any time.

Business premise security padlock

For a long time, folks have been relying on security companies to guarantee their protection. However, many people are now finding it better to find their own ways of securing their home business. Here are some ways you can perform DIY home security.

Secure the Exterior of Your House

The outside of your house is what a criminal is going to use to determine whether it’s worth breaking into.…

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Tips on How to Make Your Small Business Stand Apart From the Rest

Owning your own small business has many benefits, but they are benefits only awarded to the few willing to put in the work to receive them. With seemingly so many willing to at least attempt the feat, it is difficult to make your business stand apart from the rest in a beneficial way.

Shop owners

It’s rather easy to grab the spotlight for failure. It happens every day. With that in mind, below are a few ways you can build a solid foundation for years of dedicated customers and progressively growing profits.

Advertisement

Have you ever attempted to get the word out about a yard sale, church function, or a benefit for a friend or service?…

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4 Reasons Your Business Might Need a Consultant

Managing a business comes with great responsibility, and CEOs can often feel like the responsibility of a whole company is resting firmly on their shoulders. There are times when a consultant can help carry some of that weight, whether that’s launching and marketing a new product or progressing your business through a specific stage of development.

Business consulting

But consultants can help businesses in many ways and do so much more than just lending a strong and steady hand. Here are four reasons your company might need one.

1. You need specific skills

Often as a CEO, you’ll need someone for your business with a set of specific skills.…

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Implementing Facilities Management Successfully in 7 Steps

Handling the management and maintenance of facility operations is a mammoth task. Thanks to facilities management software like CMMS, the face of facilities management has changed significantly and the overall performance of maintenance departments has enhanced.

Businesswomen using CMMS

Here are 7 steps to successfully implementing facilities management.

1. Effectively Manage Spare Parts Inventory

Start by managing the spare parts inventory. Imagine not finding a critical part when you need it urgently. Not only will it delay your processes but there will be wastage of time and money. When the maintenance unit is well organized, the maintenance supervisors can easily locate the parts needed at any time, at any location.…

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