What does it take to come up with great business ideas? There has never been a better time to be an entrepreneur. According to the Small Business Administration (SBA), there were 27.9 million small business in the US. Every business starts with an idea, but most ideas, even great business ideas, never turn into...
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What most of the people do these days is that when they try to make a business plan for their digital marketing agency, they try to copy the online samples of business plans? This is the worst thing that one can do for his business. This is because that business plan must be...
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Why is forming strategic partnerships the best way to market your business? Marketing can be an extremely painful process - especially if you find yourself spending money on advertising and not seeing any results from your efforts. I can relate to this. I spent a lot of money on marketing and advertising, and time and...
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Why do business plans fail? Business success depends on planning. A common reason for a failing business is a failed business plan. Business plans require discipline, creative thinking, attention to detail and flawless execution. Business plans fail if you have a bad idea Many businesses plans fail because the idea behind the business...
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“The essence of strategy is choosing what not to do.” ― Michael E. Porter It is important for every company to engage in strategic planning at various stages of the corporate life cycle. This planning involves asking important questions, collecting the correct data to answer those questions, and choosing among good alternatives. Each company...
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The importance of data can not be understated. It’s incredibly vital for businesses because it helps them optimize their operations and expose variability. How companies obtain, keep, and use data has even become the subject of government inquiries. Companies such as Facebook, Amazon, Uber, and most recently even TikTok have found themselves in the...
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In the early days as an entrepreneur, most people start their first company because they have a great business idea that infects their minds. They get so excited about the idea and the mechanics of how it works that they can’t get it out of their head - and as a new founder, this passion...
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Is an LLC the right entity for your business? Learning how to form an LLC is quite an easy task with the proper guidance. A limited liability company, or LLC, combines the benefits of sole proprietorship and partnerships. Additionally, there are significant tax benefits. LLCs also offer limited liability protection that is often superior to...
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Whether you are a C-level executive or a public official, decision-making is a vital skill to have and nurture. With the number of problems and issues you face daily, every choice can majorly impact the entire organization, whether for better or worse. We all want to do good in making sure the organizations we lead...
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