The Pareto principle can be used in business to target specific sets of data. The starting point is to analyse your business numbers using the Pareto principle.
Once you have the analysed data and where the 80/20 rule applies to the set of data, you’ll be able to make better decisions. For example, have you ever analysed your business revenues? What percentage of your sales comes from which percentage of your customers?
Is Content Marketing A Good Investment for Small Businesses? Plus Tips & Advice One of the greatest things about starting a new business is working with a clean slate. A chance to build things on strong foundations from day one.
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.
Dragons Den dragons from the popular BBC show in the UK.
Dragon entrepreneurs with a combined Dragons Den net worth of £986 million or $1331 million. In America this represents over a billion dollars in net worth.
The 2017 UK Dragons Den line up includes veteran Peter Jones, successful woman entrepreneur Deborah Meaden, fashion tycoon Touker Suleyman and newcomers Vitamin King Tej Lalavani and banking entrepreneur Jenny Campbell.
Dragons Den is on it’s 15th UK series and is still as popular as it ever was. Two new dragon entrepreneurs join the line-up, with many more entrepreneur looking for investment too.
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.