The art of competition: the experience of Picasso and Matisse
The most famous rivalry in the art world shows us how competition can inspire and be productive. Pablo Picasso could not have created his masterpiece “Avignon girls” in 1907, if…

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Stages of business development
Every business on the way of its formation and formation of a stable brand undergoes a number of changes. At the same time, having reached the optimal level of growth…

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How to avoid hiring unsuitable employees
Have you ever hired an employee who, after a couple weeks of work, could not cope with his duties? Want to spend less time and money on inappropriate applicants for…

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t find what they want

Business Planning Tips

Business planning is an important factor for success in any endeavor. However, few small business owners are seriously worried about their business plan. Lack of understanding of the proper level and type of planning is often the cause of an insufficiently developed business plan.

Business consultants, bankers, civil servants, professors of economic institutions – they all tend to paint business planning on 70-100 pages. Continue reading

Ways to reduce costs

Every entrepreneur or business owner is constantly striving to increase profits and reduce costs when doing business. And in a difficult economic situation it is more than reasonable to constantly monitor these indicators.

There are a number of ways to reduce production costs and increase cash flow, which in general, qualitatively affects the overall state of affairs in business. This method includes the following: Continue reading

What does a business work for and where is the main limitation of profit in retail?

Before we talk about what needs to be done to better manage retail inventory, let’s agree on a common understanding of the purpose of any business. Not just retail, but anyone. The goal of the business is to make money now and in the future.

When we talk about retail and sales, which main element determines the income of the system? Of course, these are buyers coming to purchase our goods. If we had more buyers, the more we would have a pass. That is the bandwidth of the system. The more buyers, the more we earn. Continue reading

Marketing business strategy
The concept of "business marketing strategy" may sound like something esoteric. Let's reveal all the cards so that you can figure it out and be able to implement your own…

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How to find the perfect place to put your business?
Properly chosen location for business is one of the essential components of its success and profitability. Therefore, when choosing a place for further business activities, a number of key factors…

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Money is not happiness, but in the ability to correctly dispose of them
Do you want to risk and organize your own business, but you do not have enough financial resources? Oddly enough, it is even for the better. Although this does not…

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We cut costs. 5 opportunities for outsourcing in your business
For smaller businesses with even smaller budgets, many websites can help fill staffing gaps caused by the inability to hire a full-time employee. Currently, one can come across the term…

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