Business
The Biggest Obstacle Most Owners Face When Productizing
One of the biggest obstacles most small business owners face when trying to increase the value of their company is productizing their service. They want to take their years of experience and knowledge and package it into a format that will appeal to buyers. Unfortunately, this can be difficult to do without the help of…
Read MoreTurning Your Services Business Into A Product Business
If you want to increase the value of your small business, you need to focus on growth. One way to do this is by turning your services business into a product business. A product business sells physical products or standardized offerings. You can do this by manufacturing your products or selling products made by other…
Read MoreWhy do most attempts to turn a service business into a product company fail the first time?
Most attempts to turn a service business into a product company fail the first time for a variety of reasons. 1) No Product-Market Fit The first reason is that most businesses don’t have a product-market fit. It means they are selling a product or service that no one wants to buy. To fix this, you…
Read MoreHow To Turn Your Services Into Products
There are different ways to turn your services into products. Some of the options are: 1) Turn Your Services Into Product Offerings The first way to turn your services into products is to bundle your services into product offerings. This has many benefits. First, it will help you increase your margins and grow your business…
Read MoreHow To Increase The Value Of Your Small Business Using 6 Key Strategies
Small businesses are the backbone of the American economy. According to the Small Business Administration, small businesses account for more than half of all private-sector jobs in the United States. They also generate about two-thirds of new jobs each year. Despite their importance, small businesses often find it challenging to grow and become more valuable.…
Read MoreThe Advantages of Outsourcing Your Back-Office Support
Assuming you are in a business where you provide some kind of service, there are administrative tasks that need to be carried out for the business to run smoothly. These could include bookkeeping, invoicing, liaising with suppliers, managing customer enquiries and so on. If you are the owner or manager of the business, it can…
Read MoreHow to improve employee productivity levels in your business
What is employee productivity? Employee productivity is a measure of how effectively employees are performing their duties. This can be assessed through a formula which track the number of productive hours worked by employees divided by the total number of hours worked. It is important to note that there is no one formula for employee…
Read MoreHow to Get Started with Business Process Automation and Optimization
When it comes to business process automation and optimization, there are a lot of different options out there. And while it might seem like a daunting task to figure out what’s right for your company, the truth is that taking the time to automate and optimize your business processes can pay off big time in…
Read MoreHow to attract and retain top talent: 5 employee retention strategies for your business
As an employer, you are always looking for ways to keep your best employees. You want to create a work environment that is attractive to top talent and helps you keep the good people you already have. There are many strategies you can use to improve employee retention. Here are a few ideas: 1. Offer…
Read MoreThe top 10 recruiting strategies for hiring quality employees
Hiring the right people takes planning and strategy. It’s a competitive world out there, even for employers, and simply posting a job vacancy isn’t enough to recruit the best talent. In fact, only 16 percent of new hires are prepared with the skills they need for the job. So businesses wanting to find a strong candidate…
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