Not all businesses will survive the first few challenging years – with one of the reasons for this being financial mismanagement. To give your business the best shot at thriving, below are five common money traps and mistakes a new business owner can easily fall into, and ideas on how to avoid them. 1. Forgetting… Read More
To grow your business, or any business, you do not just need new clients; you need to ensure that your current clients keep coming back! If retention is not addressed, your business can become like a leaky bucket, where you get new clients come in, but existing clients drip away. For example, you may decide… Read More
Did you know there are four core functions of business analytics? Do you know what they mean? Do you know what business analytics is? Now, you might think business analytics is for geeks but as a manager or business owner, these four functions of business analytics are very important. For those who are not sure,… Read More
Although you think you may know your business inside out, your current clients may be able to provide you with valuable insights on how your products and services are doing that you may not gain from other avenues. Listening to your current clients and understanding their needs can help you to tweak the business’ products… Read More
What type of clients is your (fitness) business going to serve? Not knowing the answer to this question can be a big issue, essential even, because a lack of clarity here could percolate throughout your business – making everything else more complicated. For example, selecting a client demographic that is not available in enough quantities,… Read More
There is one mistake that a number of businesses (especially fitness businesses) make that can be painful to watch. The business is going under or is broke because they are undercharging for their products and services – which can take many forms such as charging too little, poor packaging, and incorrectly structured margins to name a… Read More
Abstract Past experience is important as an aid for making good decisions, both for planning and conduct of military operations. But today’s methods for gathering experience have substantial limitations. Assume that a large number of common operational pictures (COPs) from a given command and control information system (C2IS) are saved in a database. By using new in-memory technology originally… Read More
You must be logged in to post a comment.