How to be ahead of your competitors
It is very important to know the strengths and weaknesses of their rivals. In any competition, whether it is a marathon at the Olympics or a marketing company for your…

Continue reading →

5 reasons for the beginning of the end of production
Production problems are more cultural than economic. It does not come from expensive delivery and rising labor costs. The problem is much wider. Is the end of production just around…

Continue reading →

Is it possible to avoid the pitfalls in the business?
Many successful entrepreneurs and businessmen will not deny that on the way to the top of their careers, they had to repeatedly face failures and start a lot from scratch…

Continue reading →

retailers believe

Individual entrepreneurship vs. partnership

Novice entrepreneurs can choose: in partnership with someone or independently create an enterprise for them. Let’s look at these two options for creating a business in comparison.

When you start your business, it is important to choose the right legal structure for it. This not only helps legitimize your business, but is also necessary for taxation and licensing. 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

New marketing rules
What works today is radically different from what worked literally ten years ago. And if you think that marketing is the same as before, you are deeply mistaken. And the…

...

The art of writing a business letter
The art of persuasion through ordinary writing is not available to everyone, but over time it is quite possible to acquire a similar skill. Writing convincing business letters is an…

...

Do not doom your business to bankruptcy
Development and positive dynamics are good, aren't they? Mostly, yes. But for business too dynamic development can be fatal. In this article we will tell you how to avoid such…

...

6 rules of truly productive people
Did you realize that some people seemed to be doing a huge amount of work, but still they didn’t look tired? Here are some tips for more productive work.Productivity.Being a…

...