In the world of business, one pivotal decision that can significantly shape the future of a company is whether to go public or remain privately held. Going public means offering shares of a company to the public through an Initial Public Offering (IPO), allowing external investors to become shareholders....
Expanding your business throughout the world is enticing, as you will have the opportunity to grow and reach new markets. However, global expansion can be exceedingly difficult without proper planning and the right partners on your side. Here are some of the many different global expansion strategies that are...
Strategic planning is the secret weapon of many enduring and prosperous businesses. Before explaining how a strategic plan can benefit your business, let’s take a quick look at the concept itself. What is a Strategic Plan? Strategic plans are documents designed to help businesses achieve short- and long-term objectives....
5 Signs Your Business’ Financial Structure Needs A Reboot Even when you have cash in the bank, pay all your bills and your assets are still intact, your business might STILL be in trouble. There are ways to identify financial issues and fix them as soon as you can...
If you want your business to grow and remain competitive, a solid financial plan and a well-conceived strategy can mean the difference between boom and bust.
In my recent article, I discussed enhancing leadership through self-awareness. As a follow up, another main part of leadership is an awareness of how the people on your team are performing. Without constant evaluation of individual team contributions as well as feedback from your team, it is difficult to...
The driving force in many expansion plans is to generate higher sales, with the hope that profits will rise. But before making moves to buy new equipment, expand your plant or implement a new business idea, you need to grasp the profit angle.
The term innovation can sometimes bring forth a sense of dread as it usually leads to change, and change can be scary. Who knows what the future holds when you change things up from your normal routine? But change is an important piece of growth for your company, and...
Businesses often complain about the cost of purchasing and working on computers. Computers are expensive and break at the wrong times, they aren’t coffee resistant, they do not handle physical violence (although we’ve all tried) and they always need patches that slow them down. You consistently see Network Administrators...
They say little things mean a lot. And relatively small expenses can add up to a huge amount of money your company could be wasting. By cutting costs, you can enhance your bottom line in several ways. Here are 10 ideas:
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