Operations

What is the Biggest Cause of Business Failure?

There are many reasons businesses fail: lack of money, changes in the economy, ineffective management, employee turnover, theft, illness, or death of the owner are just a few. According to SCORE (Service Corps of Retired Executives), the main reason businesses fail is ineffective management, whether it be poor planning or not understanding all that is required...


10 Apps to Save Time on Administrative Tasks

In a business, administrative chores can stack up. It might only take 20 minutes to send an email, or five minutes to answer your business cell, but all of these little tasks can take up a significant amount of time. Before you know it, your day is nearly over and you haven’t done half of the...


Bad Boys and the Fab Five: Business Lessons from Basketball History

In 2009, to commemorate their 30th anniversary, ESPN released a new sports documentary series called “30 for 30.” The series included 30 full-length documentary features that highlighted sports history’s most memorable moments and personalities. The series was so popular that ESPN decided to release a second volume of 30 more documentaries, produce 30 new digital...


What Is the Future of Retail?

If you own a brick-and-mortar business, or are thinking of setting one up, you’ve likely seen plenty of reports that imply the future of shopping is online and that it is also “mobile.” You’re right to be concerned about what this means for your business, but perhaps not in the way you may think. Firstly,...


The Future of Mobile Security for Small Business

For most businesses, smartphones and tablets have already become regular pieces of office furniture, chirping and buzzing beside an employee’s computer. Under a workplace protocol called BYOD, or “Bring Your Own Device,” employees tote their own tech with them into the office, using them to complete their tasks. BYOD is already quite common. The Forrester...


The Importance of Setting Goals in Business

Why is it important to set business goals? Goals are powerful—they can focus attention on achieving desirable outcomes. In business, one desirable outcome would be profitability. Profitability does not happen without making sales, plus correctly managing expenses. Employees prefer to know what management expects them to accomplish, and goals provide that direction. The human brain...


When Ice.com—a Top 500 Internet Retailer—Uses Mentors, You Should Too

For fine-jewelry ecommerce website, ice.com, access to mentors has helped the company build brand awareness, gain industry-relevant knowledge and improve site-wide conversion rates. Learn more about where you can find mentors for your business and what to look for in a good mentor-mentee relationship.


Are You and Your Business Partner on the Same Page?

Disputes over money can drive a wedge between the strongest of relationships, whether you’re part of a married couple weighed down by debt, or business partners disagreeing over the best use of the company credit card. When it comes to business, partners on opposite sides of heavy issues can stifle the ability of the company...


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