If you have ever looked into Ecommerce marketing planning before, you would have already realized that it is not possible to cover all the aspects and needs of a promotional plan in a single article. So when we talk about how to create a plan for the eCommerce business in 2021, your best bet is to […]
We are becoming more and more confined to our smart devices and the internet, especially in the pandemic-stuck world. This situation adversely affected a few domains and has favored the others with a bias. Ecommerce is one of the areas that has seen a boom in recent years, especially in 2020. There are also solid […]
Now is the time when most sales professionals traditionally push to meet their year-end targets and begin setting new milestones to get off to a strong start in the coming 12 months. However, 2020 required extraordinary flexibility. What do we do now that the holidays are over? As COVID-19 canceled the conferences and other networking […]
Managing your money online is relatively easy, convenient, and straightforward. It makes our lives a lot easier and lets us perform online financial transactions in a matter of seconds. Even though there are many benefits to online banking, there are also some risks involved. Online accounts are also the target of criminals, similarly to homes […]
Technological advancements in finance are seeking to disrupt the way in which their businesses function. The diversity, or the sky-high valuations, of “fintech” innovation seem to be never ending. Peer-to-peer lenders, crowdfunding platforms, bitcoin, mobile payments, robo-advisers are some common innovations. For years now, banks and insurers have utilized highly profitable but relatively static business […]
Not long ago, remote work was the exception for most businesses. Now, it’s the rule. In fact, many companies are allowing employees to telecommute as needed, no questions asked. And, that’s true even if workers aren’t feeling sick or under COVID-19 lock downs. As part of this major shift in embracing work-from-home situations, organizations have […]
2020 has been a tough year for many business owners. No matter what you sell or when you opened, you probably experienced some of the challenges and hope that 2021 will allow you to make up for lost revenue. Wanting to start the year off strong and keep up that momentum for the foreseeable future? […]
Are you thinking of starting a small business blog for passive income but the thought of designing it is weighing you down? Most of us can relate to that! After all, the first step tends to be the hardest especially when we are talking about small business blogs for making money. I am sure many […]
Owning a small business is extremely rewarding. You make your own decisions, set your own hours, and choose your employees and coworkers. You can create your legacy through the business, and if you’re successful, make a lot of money doing it. But regardless of how your business performs or why you started it, you need […]
It’s that special time of year. Snuggled right in with Black Friday, Cyber Monday, Thanksgiving, and the start of real holiday shopping — the Open Enrollment Period for your health insurance plan. If you are not sure how to get your own health insurance, this guide will help you compare health insurance plan options. “Navigating […]
Starting your own business has never been easier given the availability of investors and the interest of so many in the startup space to help create the next "big thing" or to be behind a disruptive product or service that really shakes up the marketplace. However, when it comes to the actual work involved in tackling all aspects of a business, including its functions like sales and marketing, accounting and finance, human resources, information technology and more, it becomes considerably more challenging for a small business owner or founder.
With statistics that show up to 90% of new businesses failing soon after launch, it's critical to know how each of the functions pertaining to running a business, can work the most efficiently, including how to budget appropriately to sustain your business through all types of economic cycles. However, so many business owners admit that they do not have much knowledge and very little experience about most aspects of running a business and they tend to "wing it" and figure it out as they go. The problem is that this approach to running a business is the very reason why so many fail.
A better strategy is to invest time, energy and effort in a continual learning process that helps build knowledge and skills across all aspects of your business. Even if you do not handle all these functions yourself but have team members or outsourced talent for some of the more technical roles, it is still good to familiarize yourself with the issues. Knowing and understanding trends, technology and opportunities that impact all functions of your business will help you to better shape your business decisions. Additionally, this strategy of ongoing learning can help you identify those areas in your business that could benefit from additional technology or tools that add efficiency and help you maximize the time spent on many non-revenue tasks.
We have dedicated a category of our Due.com blog posts to providing business tips to help you enhance your working knowledge and skills across all aspects of your business and help you make more informed decisions that will speed growth, revenues, brand reputation and profitability. These business tips include such topics as:
- Marketing strategies, including social media platforms, creativity and messaging, content marketing strategies, branding and how to promote your company online.
- Financial planning, such as emergency funds, retirement accounts, budgets, invoicing, how to handle clients that haven't paid, why you should accept credit cards and how to finance business expansion.
- HR issues like whether to hire employees or freelancers, training, motivation to retain talent, how to find a business partner, where to find outsource talent and tax issues related to employees and freelancers.
- Productivity tips like how to manage your time, tools that maximize what you can get done, and how to effectively manage a project.
- Mindset strategies, including whether you are a freelancer or an entrepreneur, how quickly to expand your business, and how to build a business around your lifestyle.
These are just some of the dozens of articles now available in this subject category that are designed to help you get the most out of your business for the investment of time and money that you have put into it. Not only will you learn more about how an efficient, successful business works, but you will also be able to create a more effective strategy to ensure your business doesn't become just another unwanted statistic. We want to help you succeed.