by anjeerahman | Mar 5, 2023 | Marketing
Direct competitors are those that are selling the same products, and indirect competitors are those that serve the same market. Knowing who your competitors are is an element of great value when preparing your business plan. It will also allow you to overcome...
by anjeerahman | Mar 5, 2023 | Business Health
Many different factors contribute to the overall health and fitness of any given business. For example, a business can be considered healthy if it has very little debt, the required level of operational income has been profitable for a long time, and has a high...
by anjeerahman | Mar 5, 2023 | People
There is no better asset within a company than loyal employees. If you ask a traditional, “old school” businessman, he would tell you first that happier customers translate to a successful business. In contrast, modern businessmen will emphasise that happy and...
by anjeerahman | Mar 5, 2023 | People
During a recession, businesses seek to maintain or improve their efficiency to manage lower revenues, contain costs and avoid losses. By exploring different ways to reduce the impact of a recession, good business owners avoid impulsive decisions that could harm the...
by anjeerahman | Mar 5, 2023 | Finance
Nowadays, all top-tier companies regularly acknowledge the importance of performance reviews of all areas of their business, involving regular deep-dive analysis, check-in meetings and frequent, real-time feedback followed by decisive action. A well-administered...
