Running a Seasonal Business

No matter what industry they’re involved in, most businesses have seasonal highs and lows. Yet like Santa, some companies–summer camps, ski schools and Christmas stores, for example–depend heavily on the revenue generated during a single season to carry them through the year. Typically, seasonal businesses fall into one of two categories: those that can shut […]

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4 Ways to Make Your Business Better in the New Year

It is a long fast tradition to make a resolution going into the New Year. The classic resolutions revolve around our health, our relationships and our finances — but what about our businesses? As I have been enjoying the festivities through this holiday season, I also have been taking the time to do a deep-dive on my business. I […]

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How to Analyze a Business Model?

The ultimate goal of understanding the business model variations in the digital world is to be able to analyze them and address real-world problems that the business faces. It’s one thing to understand what the business models are and what distinguishes them from each other, but it’s quite another to be able to understand what […]

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Saving rates will get worse-these are the next-best options

For savers, times are bleak. The very best easy-access accounts pay around 1.5pc, and to get a fixed-bond rate over 3pc requires committing cash for five years. In January, Moneyfacts recorded 139 rate cuts to 21 rises, and in February so far there have been 169 rate cuts to just 11 rate rises. With the property […]

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How to Pay Less Income Tax?

The first £10,600 you earn is tax free. This tax-free income is called the Personal Allowance – the amount most of us are allowed to earn before we start paying income tax. At the beginning of each new tax year this allowance rises – from next April the threshold will be £10,800. In 2014 the […]

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Type B personality? Here’s what they want you to know

Nobel Prize winner Edith Wharton once said, “There are two ways of spreading light: to be the candle or the mirror that reflects it.” This is an amazingly accurate description of the difference between Type A and Type B personalities. Type A personalities are the candles—and they’re usually burning at both ends. Type B personalities, […]

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Strategic Moves to Build a Competitive Advantage

Companies can make a number of different strategic moves to build competitive advantage. The aim is to create a clear difference that is important to your customers, and is something your competitors cannot match. You can create competitive advantage by developing a strategy of leadership in factors such as cost, quality, innovation and customer experience. […]

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Real innovation is about solving problems, not having ideas

These days, everyone seems to have a great idea for an app or a product. Clever ideas are always nice to have, but when it comes to figuring out what to invest your energy in making, even great ideas are often a total waste of time. Instead of a great idea, what you really need […]

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How to Start a Franchise Business?

business ownership. You can get in on a great idea or successful business that has a track record of success and a strong brand, and still run the business yourself. Franchise expert Joel Libava defines a franchise as “a type of business that is owned and operated by individuals (franchisees) but that is branded and overseen […]

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Qualities that define a successful entrepreneur

Being a successful entrepreneur means more than starting new ventures every other day. It means the right attitude towards a business and the determination and grit to achieve success. A successful entrepreneur has a strong inner drive that helps him or her to succeed. Let us take a look at the qualities that go into […]

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