Significant GPS Blog
Small or big, every business needs a stable base of loyal customers who will always choose you over your competition no matter what. These loyal customers will be more willing to forgive you w...
Listening to your customers isn’t only about hearing their problems or scheduling a comfortable appointment. It is about connecting with them. It is about paying close attention to their needs,...
Despite being one of the most popular social networking platforms, MySpace lost its market share because it failed to adapt to the ever-changing demands of the users. Amazon, on the other hand, s...
Entrepreneurship is risky but isn’t that risk worth taking? Imagine building something of your own and passing it on to your next generation.
You can successfully reduce the risks associa...
The problem with budgeting is that it is often done in a safe, sterile environment where you do not factor in market instabilities, potential risks, and numerous other uncontrollable factors s...
A cash reserve will help you ensure that you have enough money to pay for your employees and expenses even when there are less or no sales. When your sales are down, lenders may not be interes...
Maybe you don’t need money now but you may have to get a loan at some point for expansion, renting an office space, etc. Having a good credit rating can help you secure the loan quickly. You w...
Let go of the urge to have total control of your business, processes, employees, finances, decisions, etc. Founder dependency can hamper the growth of your business. So, strengthen your proces...
Future-proofing your business can increase your chances of survival. Here are some tips on how you can prepare your small business to face unforeseen challenges.
- Small businesses are us ...
Being a small business, you may not have enough time and the necessary resources to manage your social accounts. But, you should still try your best to have a solid social presence.
Socia...
Even if you are doing fairly well in your business, you and your employees should regularly attend local, regional, as well as national level conferences, seminars, and webinars. You should li...
Product diversification reduces dependency on a specific set of offerings. It helps cater to a broader range of audience, which can help make your business more viable and profitable. A vast r...
