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When you’re a small business, you’re unlikely to have pots of money to invest in an impressive office space, but that doesn’t mean that you have to do without the amenities you need completely. There are numerous things you can do to keep costs down and save what money you do have for the important stuff like product development and marketing.

 

Here are some simple ways to save money setting up an office space for your small business:

Read More Save Money When Setting Up a Small Business Office

Small Business

There’s no doubt that the keys to success are multiple and many people would argue vary in importance and strategy. However, at the very basic level, it’s hard to deny, how important it is to stay on top of the finances that help to keep everything moving in the same direction at the same time. Organizing a business helps the day-to-day smoothness and the inner workings stay on a narrow road. Sporadic behavior behind the scenes can affect the mood on the ground making employees feel less safe and customers hesitant to engage with you. If the finances aren’t in order, your business is effectively driving through wet mud, and in the fog; unable to gain traction, and limiting options. However, there are a few guidelines which all small businesses should.

 

Separate from personal life

Many entrepreneurs find themselves entangled into the business personally. You may find yourself dipping into the business funds or profits to help finance your personal life. However, the inevitably blurs the lines between a professional blueprint to generate money, pay for research and one day to eventually expand. When the two are merged, you could find yourself being joined at the hip to the business. You should set up two separate cash flow channels, so you pay yourself a wage, rather than taking from the profits what you wish, when you wish. You’ll prevent yourself from being dragged down if the business ever goes through severe business-related financial losses.

 

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Read More How To Keep Your Small Business Financially Organized

Finances

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If there is one thing that is the center of all business planning, it’s the customer experience. Businesses want customers to fall in love with them and they do whatever they can to make that happen. It’s the little details that a customer will remember – the help that was offered when packing bags at the checkout. The support and patience from a website service that helped a customer understand how to get online. When customers feel good about how you treat them, they will continue to be loyal to your business.

However, customer relationships are also brought under the spotlight for another reason. The question of their importance comes up often, depending on the nature of the business. Should you choose to put something else in your company above the needs of the customer, then you are effectively shunting customers to your competition. So, to answer the question, yes – customer relationships are vital to the survival of a business. On that note, how can you as a company offer an outstanding customer experience?

Read More Customer Relationships: Are They Really That Important?

Customer Relationships

Businesses are founded by people who have taken an idea and ran with it. They are upheld by people who have confidence in what they’re doing, and believe in their products or services. But when your ideas run out, it can be hard to persevere and continue to do just as well as you’re doing now, if not a little better. It’s said that our best inventions and ideas come to us while we’re least expecting it – so is the case just to sit back and wait for a miracle to happen? Well, not entirely…

 

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Entrepreneurship

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Being the best entrepreneur in your industry is about keeping a level head at all times. It can be a brutal landscape, but as long as you have a strong team behind you and you’re always one step ahead of the game when making decisions, you’ll avoid becoming a sheep in your industry. Here are some tips on besting your competitors at every turn and staying ahead of the game.

Read More An Entrepreneur’s Guide To Besting Your Competitors

Entrepreneurship

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Nearly 85% of businesses have a multi-cloud strategy in 2017, and the numbers for single cloud users is even higher. It is percentages like these that make companies flock to cloud computing in their droves. After all, it is important to keep up with the competition, and more than 80% of business can’t be wrong, can they?

 

Well, the answer is yes they can. With a little more digging, it is revealing to find that private cloud users fell to 67% this year. Although that is a large majority, the stat is down from 77% in 2016.

 

So, why are businesses making the switch away from cloud computing if the positives are wide-ranging? The obvious answer is that the cloud is not as infallible and people might suggest. With that in mind, below are a few reasons not to take to the stratosphere this year.

Read More Reasons Not To Take A Business Into The Clouds

Online Business