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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: growing your revenue or decreasing your spending. Traditional 9-to-5 employees relying on a single source of income focus on the latter. After all, if your monthly or annual income is fixed, the best you can do is optimize your expenditure and try to improve your standard of living (bonus points for managing a savings account for rainy days or college funds). Successful entrepreneurs and business owners, on the other hand, double down on growing revenue. While some are frugal and save a fortune, others still maintain… Continue Reading
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22 Self-Improvement Areas for Leadership Development

An HRPA study from 2016 reports that 63% of millennials complain that employers aren't fully developing their leadership skills, with 72% of those surveyed last year insisting on feedback, coaching and leadership development to remain in an organization. I have previously covered the 11 key traits that define great managers, compiled after 17 years in management. These management-specific values fit the job description, but lack the depth and value in areas of leadership that every individual can partake in and develop from a young age. In this piece, I will uncover some of the most important traits that we look… Continue Reading
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10 Different Approaches to Marketing (Practical Breakdown)

What makes a marketing campaign successful? Aside from the traditional metrics around traffic, conversion rate optimization, and loyalty programs, relying on the right marketing strategies by picking the most effective channel makes all the difference. There are numerous marketing approaches depending on the marketing outlook you want to disect. Some tend to be more specific and complex than others, especially regarding expensive goods in a B2B environment. And more importantly - they fluctuate over time. When PPC is affordable and everyone plays the paid media game, the market gets oversaturated and expensive, rerouting strategies to demand generation, social media, SEO,… Continue Reading
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15 Types of Small Business Advisors

Management consulting is a $329-billion industry and it continues to grow with small and medium-sized businesses increasingly seeking diverse expertise to navigate the challenges of scaling in the ever-evolving business landscape. But while the Fortune 500s can afford to splurge tens of millions of dollars for contracts assigned to Deloitte, KPMG, Accenture and the other market leaders, SMEs still need strategic guidance and support in the face of a business advisor. If you want to address the most pressing business challenges in 2024, here's a list of the most relevant types of business advisors to consult in times of need.… Continue Reading
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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 my business advisory), I've consulted over 400 clients and worked with 50+ consultants across the portfolio of companies I manage with my agency and within my investment companies. Pricing products is easier than pricing services because, with products, you can easily trace the production costs. However, with services, determining the value of what constitutes your services — time, staff, expertise  —… Continue Reading
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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, and making less than $500,000 in revenue are still validating their business model. Once a certain sense of stability is met, several repetitive challenges keep haunting organizations, over and over again. [optin-monster-shortcode id="bvo0dmszdzz4j6ua2ljr"] This is why I've compiled this comprehensive list of the most impactful… Continue Reading