No matter how big or small your business is, at the core of your performance is how effectively you market your products. Today, marketing ranks among the most important wheels in business. With the dynamic and competitive business landscape that we operate in, it’s now more important than ever to strategically select marketing channels and…
Acts of kindness can evolve into powerful movements that make a lasting change and Menschen Helfen e.V. is a shining example. The German organisation has spent decades supporting communities in need – from flooded areas in Kadaikadu, India, to people affected by the ‘90s war in Gornji Vakuf, Bosnia. But, as the world evolves, so…
If you’ve ever been in a situation, asking yourself “why is my debit card declining when I have money?” you’re not alone. Our debit cards are our trusted partners for making purchases and when a transaction is declined, even with enough money in your account, you could be left confused. In this post, we unpack…
Running an eCommerce business, whether a small online store or a large eCommerce website, can be equally rewarding and challenging. You must make the right decisions at every stage to stand out among online businesses. The best way to do this is to track and monitor the most important eCommerce key performance indicators (KPIs) and metrics. The…
Whether you run a small business or are part of a large corporation, strategic social media efforts can deliver outstanding results. You’ll need a bulletproof social media strategy and a marketing plan to achieve your goals. In the following sections, we show you how to use social media for business and offer marketing tips that…
Whether you’re an aspiring business owner or an established entrepreneur, you need to be able to determine your company’s financial health. You can do this by calculating your business’s revenue and profit. Although these two financial indicator terms are often used interchangeably, they are not the same. This comprehensive guide covers the difference between revenue and…
The United Kingdom (UK) trades with many other European countries. This developed and industrialised economy was previously well-known for its established manufacturing and agriculture sectors. However, changes in production industries, the introduction of new government schemes and technological advancements have resulted in significant growth in the service industry. With a high purchasing power parity among the…
Dealing with difficult customers is an inevitable part of business. No matter whether you’re a business owner or an employee, challenging situations, unhappy customers, and customer complaints are likely to arise at some point. The good news is that there are proven strategies that you can implement to boost customer satisfaction and bring down negative reviews to a minimum. These…
Without a doubt, planning your production, marketing strategies, and customer service are fundamental for growing a successful business. However, financial planning – an often neglected part of running a company – is equally important. No matter if you’re a small startup or an established corporation, having insights on how to predict financial performance can be a true game changer. …
Founded in 2010, the Lithuanian Raudonos Nosys is part of the global Red Noses Clowndoctors organisation, which operates in over 10 countries. With a deep belief in the healing power of laughter, their team uses humour and clowning to create emotional change for people facing difficult circumstances, whether it’s children in hospitals, elderly residents in…
Have you ever wondered what’s enabling your competitors to achieve such impressive results? Do you sometimes feel there’s something stopping your business from reaching that success spot? The truth is that there’s a powerful and insightful tool that costs nothing, yet can help you gain an overview of your company and improve your performance – the…
If you’re a small business owner and you’ve registered your company as a sole proprietorship, you fall under the category of sole traders or self-employed businesses. As a self-employed sole trader, the invoice is one of the most important tax documents as it allows you to: Bill clients; Keep accurate records of products and services rendered…
Every eCommerce business owner invests heavily in marketing their products or services online. The best measure of success is a strong repeat customer rate. Repeat customers bring eCommerce businesses many advantages, including a loyal customer base and higher profitability. Measuring this key performance indicator or metric requires that you know how to calculate the repeat purchase rate….
How can you unlock the full potential of your business and grow it to new heights? One of the most fundamental areas to focus on is leveraging data with the help of business analytics tools. Although often underestimated, business analytics tools can help you access critical insights into different business systems, manage massive data volumes, and make data-driven…
Without an automated system, submitting invoices, paying vendors, and staying on track with a company’s payments can turn into an unbearable challenge. Luckily, today, businesses can automate accounts payable and the entire payment process thanks to the availability of advanced and reliable payment automation solutions. In the following sections, we explain what payment automation is and…
