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Drive Growth and Profitability: 14 Ways to Transform Your Business in 2024
With the current outlook of 2024, companies and individuals are hopeful that the economy will start to recover. The Fed has kept the interest rates steady since July 26, 2023, up until the 5.25% – 5.50% point. The general public expects upcoming rate drops around Q2 this year, easing the global economy. source: tradingeconomics.com We…
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30 Ways to Diversify Your Income (Multiple Parallel Revenue Streams)
When it comes to finances, increasing profitability broadly falls into one of two categories: Traditionally, 9-to-5 employees rely on a single source of income limited to their payroll. If your monthly or annual income is fixed, the best you can do is optimize your expenditure and improve your living standard (bonus points for managing a…
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11 Strategies to Improve Your Creative Thinking Skills
In today’s world, where artificial intelligence is penetrating most industries and robots are replacing human-driven jobs, creativity is one of the most sought-after skills. It’s more crucial than ever that humankind employs more creative thinking skills to leverage its dominance over machines. And yes, I know it sounds like a cliche, but the only way…
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15 Types of Small Business Advisors
The role of various types of small business advisors has become increasingly vital for small and medium-sized enterprises (SMEs) as they navigate the complexities of growth and competition. These businesses often seek out specialized knowledge and expertise to address their unique challenges. Understanding the different types of business advisors available can empower business owners to make informed decisions that…
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The 38 Biggest Business Challenges Growing Companies Face
Growing a business is complicated. According to SBE Council, 89% of all businesses employ fewer than 20 employees. And scaling a company further is contingent on solving a number of business challenges — most of those being common across all organizations out there. Businesses in their first year or two, under 10 to 20 employees,…
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7 Reasons Why It is Difficult to Manage New Projects (Or Inherit an Old One)
What makes projects so difficult to manage? As a project manager, you need to assess the culture, your role, your team, how problems escalate, what your responsibilities are and how to tackle edge cases (delays, problematic team members, running out of budget, handling scope creep, disagreeing with a client, etc.) Organizations that use proven project…
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How Much Does a Business Consultant Cost: Consulting Fees and Pricing Structure
Consulting fees and pricing can be structured in several ways. But like most businesses offering services, the number one challenge is pricing their offers. Having closed my first consulting contract back in 2008 before launching several 7-figure businesses (along with my business advisory), I’ve consulted over 400 clients and worked with 50+ consultants across the…
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10 Different Approaches to Marketing (Practical Breakdown)
In a world where clients and consumers are bombarded with messages at every turn, the right marketing approaches can be the difference between being heard and being ignored. Aside from the traditional metrics around traffic, conversion rate optimization, and loyalty programs, relying on the right marketing approaches by picking the most effective channel makes all…
