Small business tips for success

Small business tips for success

What are the keys to success for a business? This article for newbie entrepreneurs includes tips to starting a business and the top business tools to make life easier.

The article includes five keys to success for a business, highlighting tips for starting a small business. Where passion and finding your WHY and purpose are top success tips.

Also discover the best 20 business tools and tips for starting a small business.

Customer lifetime value; lifetime value calculator and CLV calculation

Customer lifetime value; lifetime value calculator and CLV calculation

A customer lifetime value calculator, CLV calculation in business marketing and why customer lifetime value is important.

The article includes the definition and meaning of customer lifetime value and includes examples and case studies.

How to determine the value of a customer and what are the benefits of knowing and understanding the value of your customers? Focusing on customer lifetime value or CLV is the silent competitive edge for businesses. And discover the importance of customer exit interviews.

Employee retention strategies

Employee retention strategies

Employee retention strategies and how to retain your people comes down to trust and creating a powerful WHY.

Companies which are in tune with their ‘WHY’ are more likely to retain their staff. This is because employees who work for a WHY do so for more than simply a pay cheque.

Also by employing the right people in the first place will mean they are more likely to stay with you, which means your employee retention rates will improve.

Putting employees first over customers and shareholders will improve employee retention rates too, which has been proved at Southwest Airlines.

Going concern value

Going concern value

Going concern value and the definition of going concern. Broadly speaking going concern is referring to a business operating at a profit, which is expected to trade for the foreseeable future.

The foreseeable future for this purpose is normally regarded as 12 months. Going concern value is key if you are selling a business as a going concern. Likewise if you are buying a business as a going concern, you will be keen to know whether the business is likely to continue trading into the foreseeable future.

The value of a business will be adversely affected if it’s not considered to be a going concern. In this case either a liquidation value or a receivership value will be placed on the business.

Side Hustle – Side hustle entrepreneur

Side Hustle – Side hustle entrepreneur

If you’re looking to make money online, then a side hustle is worth considering. You can start a small business on the side with very little money. Use the extra cash to supplement your job income, pay for holidays or use it to provide you with the freedom to do what you want with your life.

8 great ways to make extra money with little of no money. Become a side hustle entrepreneur…be an affiliate marketer, an app builder, build websites or begin drop-shipping.

If you’re looking for more freedom or if you’re a stay at home mom looking for ways to make money online, a side hustle is a great option.