Business reinvention becomes imperative when it is experiencing revenue decline and plateauing. A large number of factors could potentially affect the business growth rates. New competition, loss of a major customer base, or high employee bounce rates are some of the factors that could negatively affect business. One of the …

Many people today choose a business as a limited liability company to invest in. These are diversified in different sectors, including retail stores, restaurants, electronics, real estate, IT, and e-commerce companies. Sometimes people make choices without knowing a complete reality, and then they wish they knew while starting their first …

A win-win situation/strategy is a game that produces a mutually beneficial outcome for both the parties. For instance, if you love chips and your friend loves cookies, so you trade your cookies for her pickle. This is a win-win situation for both of you. Precisely, a win-win strategy for business …

The COVID scenario revealed an ugly truth about the business world: it is impossible to sustain a business on the existing clients. Many businesses lost their traction and direction when they realised that their clients wouldn’t be able to pay them. What would you do in such a case? In …

Talking about a customer-centric business, it can be said that it focuses primarily on the experience of the customer with the brand, product, and service. Here are few techniques for becoming a customer-centric business. A customer-centric business emphasises customer experience at every step of the consumer’s buying process. Whether a …

Many people have the dream to start a business of their own and become an entrepreneur. For this, they wait for the business problem they want to solve to make a prominent position in the market. However, experts say that the first step to becoming an entrepreneur is to work …

The world is moving towards a digital-first economy for a very long time. Precisely, the COVID-19 pandemic has just enhanced the already existing trend of depending on technology for our day to day life activities. From working remotely to buying all the necessary things from digital e-commerce websites, we have …

Customers are the lifelines of a successful business, and customer experience for small business plays an essential role in the growth of the brand. While many businesses know how to provide excellent customer service, fewer know how to deliver exceptional customer experience. Let us first understand the difference between customer …

Building a company and making it reach a sustainable level is a highly challenging task. Most of the small business owners who start a company does this with the vision of expanding it to a larger level. The aim looks rewarding, but it is not an easy thing to accomplish. …

The automated business platforms has seen a rapid rise in the market with an increase in the use of the internet. People could only buy products and goods in person by walking through the stores personally before e-commerce became the limelight in the shopping domain. But now, with the help …