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As an ambitious person who has managed to set up their own successful business online and is already seeing a significant return on their investment, you will be looking for your next step. Success is something that is never guaranteed in the business world, which is why you need to be constantly innovating in this […]

Franchising is the application of several operations practiced by another company’s successful business model. The franchisor is the supplier, while a franchisee operates the establishment from another location, but under the same brand. It’s a long-term business relationship wherein the franchisor provides licensed privileges to its franchisees. Pizza Hut is an excellent franchise opportunity for […]

Data Science is also referred to as Data Analytics or Data Analysis (DA). Essentially, it means examining and interpreting raw figures and facts in order to draw conclusions. In a business setting, these conclusions can lead to better decisions, actions and strategies which can transform a business. The term “Big Data” refers to generation and […]

The market is evolving constantly, which is why businesses – and business owners – have different sets of challenges to face at different times. This past year, the market has grown exponentially thanks to the big changes happening in it. It has also gotten more competitive, requiring businesses to be more agile. As a business […]

If you haven’t been marketing your business, you’re missing out on a great opportunity for growing your business, increasing sales and engaging your customers. So much of what goes on in your business depends on having an effective marketing strategy that you’d be mad not to give it the focus of your attention. Here are […]

Business owners should never because so caught up in their work that they neglect themselves. It will only lead to physical sickness and, in some cases, it can lead to mental health issues too. Therefore, it is crucial that anyone who runs their own business schedules in some time to unwind at the end of […]

Being punctual is a desirable trait to have in a person because it shows self-discipline as well as respect to the people that you are meeting. However, there are some industries like logistics, military, medical and especially in the AEC (Architecture, Engineering, and Construction) where being on time is not desired, it is required. One […]

Unfortunately, businesses of all shapes and sizes are susceptible to a variety of potential threats each day. One wrong move and you could negatively impact your reputation, finances, and longevity. While different companies will have their own set of challenges, there are some common problems that could seriously dent your organization’s success. To ensure you […]

Make or buy?  This is one of the most first questions asked when formulating a Manufacturing Strategy.  In fact, internal manufacturing of a product versus procurement from external supplier sources is a difficult decision requiring careful and thorough assessment of multiple elements. When evaluating the make-or-buy question in Manufacturing, there are 6 broad assessments to […]

To be a competitive in today’s digital age, it’s important to leverage the power of collective intelligence (CI). CI helps measure a group’s effectiveness on several tasks. The concept behind CI is that teams come up with better ideas when they share the information with one another rather than if they attempted to do it […]

Courier and logistics are among the fastest growing industries these past few years. There is a growing demand for courier services and reliable logistics, especially with the rise of ecommerce and online businesses. The world is converging into one big market and there are more opportunities for courier businesses to succeed than ever before. Still, […]

It is the ultimate question retailers should ask themselves. The answer should be “yes” at any given moment for at least their key products. Otherwise, customers whose expectations are growing nonstop will choose someone else to buy from. Maintaining the right prices in real time is a challenging job. It requires constant market monitoring and […]