I used to be a friendly and outgoing young woman. But the moment I entered the world of entrepreneurship, it turned me into a caveman. I disengaged, cut my ties with my friends. I become the harsh lady boss, feared by my employees. The stress of competition in the market Read more…
A widespread notion for businesses is that to generate more profit, you would have to decrease your costs so that a more substantial portion of your revenues get retained in the bottom line. It is why a lot of businesses do cost-cutting measures such as reducing inventory, shifting to cheaper materials for production, or hiring fewer sales personnel.
Being an entrepreneur is never an easy task. With the amount of patience, hard work, and dedication needed, we can say that entrepreneurship is not for everyone. Statistics say that for every one hundred people who try business, only one makes it to the success finish line.
So you’ve decided to be your own self and set up your business. Congratulations on becoming an entrepreneur! Now if you want to make it in the world of business, you need to have a good direction for it. To do that, you need to set specific goals.
Mentorship is probably one the best ways to grow as a business professional. However, not a lot of people realize the potential benefits of having a mentor in your life. Hence, a lot of people do not make concerted efforts to find one. They think that they can make do without mentors, and while it is indeed possible to succeed in the business world without relying on a mentor, it is unnecessarily complicated.
Companies have expanded over the past decades due to the emergence of digital platforms as a means of doing business. The reason for this business expansion was the increasing consumer demand because of the easier accessibility of products and services in the online world. Hence, to be able to meet the growing requirements from consumers, it is critical for businesses to use the proper online tools and applications to boost their productivity.