How To Recover From Losing A Key Client: A Guide
Disappointing. Surprising. Down-right terrifying. Yes, these are all terms we’ve heard used to describe the loss of a major client. Whether you’re a one-man band, SME, or major organisation, losing a key client can have serious repercussions for your business. Unfortunately – although perhaps reassuringly – it’s something that almost every entrepreneur and business will face at some point. What’s more, the manner with which you react to the situation can lead to a net benefit in terms of both profit and professionalism. In this article we discuss how to recover from losing a key client and how the negative circumstance may be turned into a positive. Don’t burn your…
What You Can Learn From These Failed Startups
Starting a business is never easy, even when you have the best intentions and a passionate spirit. No matter how committed or excited you are about an idea or concept, it doesn’t dispute the fact that nearly half of all newly launched businesses will shut their doors within five years, unable to succeed beyond that mark. There are many reasons why this happens.
Four Steps to Starting a Business in France
Setting up your own business, no matter what it is, can be a daunting prospect. But doing this in France, where complicated bureaucratic forms in French are enough to scare off even the most determined entrepreneur, is many times more intimidating! To help you get started, here are four key elements to keep in mind when starting a business in France: 1. Find your niche When setting up a business abroad, you’ll face a number of concrete obstacles compared with local entrepreneurs. The language can present a significant barrier, not just for legal and other formal procedures (discussed in detail below), but also in terms of building business connections. To…
Effective Tips on Managing Your Business Remotely
Learn key tips for a thriving remote business: from hiring the right team to investing in top tech. Overcome challenges and succeed in the virtual workspace.
3 Common Business Problems and Their Solutions
Anyone can start a business. A simple e-commerce website can be set up in a few minutes. However, everyone doesn’t have the expertise to avoid the common pitfalls new business owners fall into. Navigating the ins and outs of commerce is tricky. No business is perfect. Even if you do everything right, there will be issues that you have to deal with. The way you handle them determines how well your business will do. If you’re easily discouraged, being successful will be a struggle. Below are five common problems your business may face. Possible solutions are listed as well. 1. Cash Flow In one sense, finances are simple. Make $5…
5 Low-Cost High-Profit Franchise Opportunities
Starting a new business can be quite daunting. But if you want to feed and foster your entrepreneurial spirit without doing everything from scratch, you can consider getting a franchise instead. A franchise allows an entrepreneur to start a business with a proven business model that works, along with education, support, facilities and equipment to get the business rolling. Now, these are offered at various price points. Some are expensive, while others are more affordable, befitting a new entrepreneur with zero to little experience and resources, to begin with. Fortunately, a lot of these low-cost franchises have proven themselves profitable over the years. So, if you want to start a…
5 Smart Ways to Recognize a Winning Entrepreneur Worth Investing In
There are tons of entrepreneurs these days, spurred on by the success of TV shows like Shark Tank. It seems nobody wants to work for others anymore. With so many people actively building businesses, it’s not always obvious which investments are best. It Takes New Ideas to Make Money Investing in a new idea offers potentially high returns. “Me-too” style businesses can make money, but they face enormous levels of competition. If you’re looking for a business model to invest money in, it should have a high return and be unique enough to repel competition. This investment fact is why the famous investment “sharks” on TV always want to know…
Tips to Help You Succeed as a Fitness Franchisee
Fitness franchise success: Prime location, document operations, build strong team, engage online, avoid hasty expansion. Patience is key.
3 Ways You Might Be Holding Yourself Back in the Workplace
It’s natural to feel stifled in the workplace from time to time; most people have bouts of feeling like their efforts go unnoticed or they’re not as far along in their career as they’d like to be. Nevertheless, it’s important to look at the ways your actions contribute to that frustration before you start blaming external sources. Whether you feel overshadowed, under-appreciated, or unmotivated, it’s important to make sure that you’re not guilty of practicing these three habits that hold you back and stifle your personal development. 1. Not Communicating Your Ideas and Suggestions Even if you show up on time and deliver positive results on a consistent basis, it’s…
The Rise of Consultants in the Business World
If you dig rolling up your sleeves, helping people and making a difference in an organization, there are a lot of different jobs you can do. One such job: consulting. Perhaps it sounds glamorous coming into a business as an outside hero, but being a consultant is a very demanding job with a lot of responsibility. What is a consultant anyway? Simply put, a consultant is someone who provides professional, expert advice to companies who need problems solved. Consultants are needed for every industry imaginable. It could be a great side gig or post-retirement opportunity for the right people. Some questions to ask yourself if you’re considering becoming a consultant…
Entrepreneurs Explore Your Options: 5 Business Structures You Should Understand
There are more aspiring entrepreneurs in the world today than ever before. The age of technology has created opportunity in unfathomable ways, and the sky truly is the limit for the hard-working dreamer.
5 Ways That Co-Working Spaces Can Impact Your Business Startup
Whether you are just launching your new startup or you have an already assembled team, there are great benefits you could get from co-working spaces. Research has shown that startups that work in such spaces tend to have a higher chance of success than those that do not. Working alongside talented professionals and like-minded entrepreneurs can impact the short and long-term growth of your business. Here are benefits of co-working spaces. Increased motivation Startup businesses that utilize co-working spaces tend to have a higher likelihood of staying motivated and satisfied with their job compared to those that utilize traditional workplaces. This is mainly attributed to the increased interaction with other…
