Theft is one of the main threats to any business. For some small businesses, its prevention can mean a huge difference in terms of profit. Although businesses are less likely to be burgled compared to residential homes, it can still happen. Unfortunately, shoplifting is responsible for 35.55% of lost sales, making it the largest source
Even the most promising of businesses and establishments fail when they run afoul the law. There’s a good reason why the biggest and most successful businesses have teams of lawyers making sure they’re following the law. The last thing any business owner wants is to be embroiled in a legal battle. It only drags on
Consistency and stability allow brands to uphold and maintain their credibility and reputation. If they can provide the same quality of products and services their clients expect, they will likely continue gaining support from people. However, being consistent may sometimes lead to a lack of growth and improvement. This means, if you become too comfortable
Workplace discrimination can be a sensitive subject for a company and its people, but it’s a very critical one to pay attention to. It’s pretty common to hear pieces of advice regarding how employees should watch out for themselves and report signs of workplace inequality or biases. However, it is also an employer’s job to
Investing back into the business is a must for any company to grow. Increasing efficiency and productivity through buying equipment, investing in marketing to get new clients and customers- these matters are all very much important. However, one aspect that usually sets the difference between a highly successful business and those that aren’t is one
If your target market is seniors — generally people aged over 55 — don’t be easygoing with your marketing. Many think that senior marketing is as easy as using photos of older adults and increasing font sizes. However, marketing to this age group requires just as much creativity as marketing to Gen Z. While the
Gathering customer reviews and feedback is only the first step to boosting the growth and sales of your business. You may have received feedback and insights from many of your customers and clients, but everything is futile if you don’t do something with the information you gathered. Here are some steps you can take to maximize customer
Just like everything else in this world, customer behaviors, markets, and technology evolve over time. That said, “best practices” for marketing will be ever-changing as time goes by, meaning there will likely be no permanent marketing strategies for any business that wants to change with the times. However, not every business seems to have gotten
One of the most important goals of a business owner is to keep the business profitable and successful, but giving back to the community is what makes it more meaningful. A business with a sense of social responsibility makes a business owner feel more satisfied in giving back and it’s also more attractive to its
Everyone needs to work hard to make a living, whether by rendering their services to a company or establishing a business of their own. However, besides earning an income, there are other factors that you should consider, especially if your goal is to become an owner. Yes, having a unique idea for a product or
