The production and distribution of consumer goods and food products are not as cut and dry as it may seem to spectators. With the numerous challenges and complexities throughout the supply chain, artificial intelligence is rightfully standing at the forefront of technological solutions. This is because AI is enhancing efficiency from the first to the […]
Creating an efficient and effective employee schedule can be the difference between being stressed out or being relaxed as a manager. Your employees are your business and you always have to Ensure that your staff is where they need to be is critical for the smooth operation of your business. Related Read: 9 Ways To Help […]
Economic development is a team sport. Local and state governments, working intentionally with businesses and civic organizations, set the foundation for sustained economic growth. Key elements of this foundation include robust collaborations on key economic development strategies, including key public policy matters, long-term investment strategies, talent development, and marketing. With the foundation set, the future […]
The subscription model has infiltrated several verticals in recent years, from automobiles to clothing. This has enabled these industries to update the car-leasing experience and find ways to transform living rooms into dressing rooms — and it’s brought them significant revenue streams. In the second quarter of 2018, Stitch Fix pulled in $296 million in […]
Savvy business owners understand the importance of intellectual property (IP) to their business’ success and most can name patents, trademarks, and copyrights as some of the various forms that IP can take. But the distinctions between copyrights, patents, and trademarks is often confusing and misunderstood, even by business people that regularly deal with IP. But not […]
The big data trend continues, and more and more companies are hopping on the bandwagon. While many organizations assume they need big data’s wisdom, often the “small” operational data they already have will do just fine. Operational data is internal data, such as the data that gives Uber its ability to dispatch cars. Big data, […]
Every time you’ve installed a piece of commercial software, you’ve invariably been presented with what must have appeared to be legal gibberish- a seeming difficult to read, needlessly long, solid block of text that was almost impossible to understand. Most people never bother to read the information presented- quickly scrolling to the bottom of the […]
As a startup one of your most important assets is your brand and that brand is usually embodied in your company name and logo. The valuable time that you invested in coming up with just the right creative name and developing the branding and marketing around that company name is impossible to measure. After creating […]
Once upon a time, “tech company” referred exclusively to a business working in a science or engineering field. Today, nearly every company relies heavily on tech talent to create, market, distribute, or interact with its product or service in some way. With tech jobs so widely distributed among different industries, many companies are struggling to meet their […]
Taking on giant corporations isn’t easy. Established companies always have a few home turf advantages: years of experience, a well-trained workforce, and brand recognition, among other things. Imagine how daunting it must have been for companies like Sony and Fuji to take on photo giant Kodak. How tough was it for Google to carve out […]
Congratulations on eyeing the international market for your business growth. We are living in an age of globalization and more and more companies are recognizing the profitability of taking their products and service offerings globally at a relatively small incremental cost. It is an easy calculus to recognize that international consumers are able to be […]
Stop for a second and think about how nice it would be if you could boost your company’s profits by 95 percent. Or let’s be conservative and ask for a smaller number like 25 percent. The truth is that all it takes is a 5 percent increase in your customer retention rates, according to research […]
Let’s face it — it’s difficult to keep up with the pace (and price) of new technologies. Business owners face a barrage of new technologies, all promising revolutionary results. Wading through the hype can be time-consuming, but the right investments will reap dividends that more than make up for their cost. Technological advancements offer the […]
E-commerce is experiencing massive growth year after year, shattering records while doing so. There was a time when brick-and-mortar stores were not merely profitable, but also highly influential. Take, for example, Sears. If there were ever a legacy brand that defined American capitalism, it would have been this one. First opened in 1892, Sears […]
Congratulations on registering your new business! Or if you’re still contemplating forming your business, and just trying to better understand the steps required for having a bank account under the company name, you’re in the right place. Be sure you have seen our Lloyd & Mousilli guide on incorporation here for a step by step analysis. […]
What would you guess is the world’s most in-demand field? Healthcare? Data science? Accounting? Believe it or not, it’s customer success. According to LinkedIn data, the ratio of jobs to current workers is 32.5 percent for customer success managers. For perspective, that ratio is 31 percent for data scientists and barely 1 percent for mature […]
No matter what industry you’re in, staying profitable is always a priority. Reducing overhead costs is vital to this goal, and most advice for doing so these days involves technology. But investing in new tech can seem like a luxury that companies only engage in when they have capital to burn. In today’s technology-centric landscape, […]
It’s obvious: Science, technology, engineering, and mathematics are integral parts of everyone’s life. Since 2009, STEM has accounted for more than 800,000 new jobs in the U.S. — more than double the number of new jobs in non-STEM sectors. That growth should be exciting, especially considering the boom of innovation that’s sure to follow. However, […]
Are you looking for some easy and effective growth hacks to boost your budding business? This is a fast-paced environment especially due to the rise of the internet. Hence the proverb, “Slow and steady wins the race,” does not fit the slot much in today’s world. You need to be smart enough to implement different growth […]
Traditional commerce and trade practices have always kept the customer in dark about the products being sold and it’s business information. Sellers always had the upper hand while interacting with buyers. This means the true product value was never really made clear to the customer before the purchase. Even when purchasing a discounted product, customers […]
Marketing tactics change constantly. Each year new tactics become more impactful, and old ones fade into obscurity. Sticking to the same tactics is stale for your current customers and potential customers, too. Instead of just running the same growth tactics for years on end, it’s time to make a switch in 2020. Here are four unique growth tactics […]
Some big corporations have grown a conscience. At least, that’s the message from the Business Roundtable, which a few months ago announced that from now on, its members will focus not solely on lining their shareholders’ pockets. They have also said that they will work on investing in employees, dealing fairly with suppliers, and working […]
Launching a startup seems like the most promising business opportunity for creative individuals who don’t want to drive down traditional career roads. This is exactly why startups are flourishing worldwide, flooding every niche from home services to online retail. Here is what nobody teaches you about getting your startup off the ground. Every Startup Isn’t […]
Going through an interview as a part of the hiring process is a standard procedure for any professional field. It does not matter if you are a programmer, a teacher, a nanny or an engineer. The experience can be somewhat intimidating. However, in a software developer interview, you gain an understanding of what the company […]
When done right, it’s hard to identify when your company moves from one growth stage to another. The transition should be seamless and can seem to flow naturally as the company grows. When you’re a business leader, however, it’s clear that this evolution rarely (if ever) happens on its own. Here’s what to do when […]
Despite multiple website building tools available, more and more enterprises are moving their website or blog section to WordPress. According to WordPress.org’s own statistics, 60 million websites around the world now rely on their platform. That accounts for nearly 34 percent of all websites and blogs. And, the number continues to grow as more enterprises […]
Building a resilient workforce should be among a company’s top priorities. You can create a resilient workforce by ensuring that the company gets to keep its talented and reliable employees. These are your employees who can perform well even under pressure. A dependable workforce keeps the company intact, ensuring its survival and staying power for […]
When Bill Hewlett and David Packard founded HP in 1947, it made logistical and fiscal sense to have all their workers housed under one roof. Ditto for Apple. It even penciled for Google in 1998, and it still worked well enough that Facebook chose to establish its headquarters in Palo Alto, California, in 2004. Standout […]
Think about a time where you had amazing customer service. Chances are it was something small, something unexpected that made that experience memorable. When it comes to a better customer experience, you need to know why little things matter. In business, customer experience is everything. The way you deliver, it can either pave the path […]
Now’s the time to develop a proactive plan that allows your business to seize opportunities and outpace the competition — your future depends on it.
Chicago has always been known as my kind of town, and that kind of inclusive thinking is precisely why it has taken on a new persona in recent years. A trip down the Chicago river highlights the city’s rich history. Colorful, familiar names like Wrigley, Sears, and Oprah remind us of the city’s entrepreneurial roots. […]
Corporate social responsibility isn’t a fad. Luckily, there are countless ways to improve the world while improving your business.
Robots seem like the stuff of science fiction. NASA’s new LEMUR robot, designed to climb rock walls on Mars, is no exception. But here on Earth, the forward march of automation continues, transforming business and society. But there’s a barrier holding us back from realizing the full potential of emerging tech: regulatory bottlenecks. Regulations are […]
It can be challenging to realize that you are in the midst of a moment of personal growth when it comes to business. As the day-to-day of your professional life moves more quickly, you are likely to evolve in your career. Sometimes you change in your leadership role without even realizing a transformation has occurred. […]
Data analytics courses are available online and can be taken at the comfort of your own home. Learning these skills will open more doors and opportunities than you can image. Get started today! If you’re interested in a career in data analytics, the benefits range from solving interesting, complex problems to having a wide range […]
Cloud adoption is picking up steam and for a good reason. There are myriad advantages to running a business in the cloud and fewer risks than ever before. According to a LogicMonitor survey, 83% of enterprise workloads will be cloud-based by 2020. While the odds are good that your business could reap significant benefits, cloud adoption isn’t as […]
Ask the tough questions: Does our brand offer value beyond the suggested retail price? If not, how can we improve our relationships with customers?
Relationships are key to your success. In an increasingly competitive global business environment, collaboration is how the best businesses win.
Your attention issues might not rise to the level of a disorder, but they don’t need to stress you out. Supplements may make your productivity soar.
Over the last few years, we’ve observed the technology economy as it has grown, warped, and evolved. From the perspective of other industries, the tech universe looms and fascinates. But now, we can’t only watch from the sidelines. Technology is no longer just driving tech companies — it is such an economic force that it has a […]