10 Common Business Problems & How you can Solve them
Wiz4.biz
by Peter Cikalo
1w ago
PROBLEMS: 1) Purpose, 2) Weak Brand, 3) Low Customer Value, 4) Minimal Planning, 5) Change Strategy, 6) Little Tech, 7) Static Skill Sets, 8) Use of Resources, 9) Employee Performance, 10) Employee Turnover. Intro: Learning how to navigate business problems is an essential skill for professionals in any organization. Businesses might encounter problems regardless of their size due to changing marketing conditions or industry trends. Researching common business problems can help you learn how to prevent them from occurring or effectively navigate challenges for your organization. In this articl ..read more
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A Business Coach vs a Business Mentor
Wiz4.biz
by Peter Cikalo
2w ago
Intro: Running your own startup or small Business can be hugely challenging. You’re regularly well out of your comfort zone, and everyday is a school day. That’s where Business Coaches and Mentors can really 1) add value, 2) relieve stress and 3) give you the confidence to reach your Goals !!! Same? You may even think a Business coach and a Mentor are the same thing. Anyone? We thought so. And it’s not surprising as a lot of people throw the two terms around interchangeably. But there are some very real and important differences between a Business coach and a Mentor. In this article, we look ..read more
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Top 5 Small Business Problems & their Solutions
Wiz4.biz
by Peter Cikalo
3w ago
PROBLEMS: 1) Recruitment & Retention, 2) Inflation & Price Increase, 3) Lack of Capital / Cash Flow, 4) Supply Chain Issues, 5) Marketing & Advertising. Introduction: Many dream of becoming a small business owner as it offers more independence, autonomy, & creativity. The fact is, some small businesses always thrive — no matter the situation. How? The key to success is setting up reliable systems and adapting to the current economic landscape. Let’s face it. The last few years have been particularly challenging for small businesses — a Global Pandemic, supply chain   disr ..read more
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25 Business Lessons from Bill Gates, Microsoft
Wiz4.biz
by Peter Cikalo
1M ago
1) Change the World, 2) Blaze the Trail, 3) Impact, 4) Level the Playing Field, 5) Run Scared, 6) Marketing,  7) Values, 8) Your Best, 9) Innovation, 10) Platform, 11) System, 12) EcoSystem, 13) Crank, 14) People, 15) Divide & Conquer, 10 more to 25. “Humanity’s greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.” — Bill Gates Passion, intensity, and tenacity !!!  When I think back to why I joined Microsoft, a very big reason was Bill Gates. Here was a guy with all the money in the world, yet he showed up every day to&n ..read more
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6 Benefits of Corporate Social Responsibility (CSR)
Wiz4.biz
by Peter Cikalo
1M ago
Corporate governance strategies employed by firms that are ethical, societally friendly, and beneficial to its community Categories of CSR: 1) Enviro responsibility, 2) Human rights responsibility, 3) Philanthropic responsibility, 4) Economic responsibility.  Business Benefits of CSR: 1) Stronger brand image, recognition, & reputation, 2) Increased customer loyalty & sales, 3) Operational cost savings, 4) Retaining key & talented employees, 5) Easier access to funding, 6) Reduced regulatory burden What is Corporate Social Responsibility (CSR)? Corporate social responsibility ..read more
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13 Lucky Strategies for Rapidly Expanding your Young Business
Wiz4.biz
by Peter Cikalo
1M ago
STRATEGIES: 1) S/Funnel, 2) Cust Mgt Sys, 3) Competition, 4) Customer Loyalty, 5) Opportunities, 6) Email, 7) Partnerships, 8) Platforms, 9) Licensing, 10) Diversify.11) Passive Income, 12) Acquire or Establish, 13) Website Benefits. Let’s face it. Scaling your business is hard. It takes considerable effort. In the beginning, it means wearing different hats. It means dealing with sales and marketing. It means understanding taxes and corporate compliance. It involves having to interact with customers on a daily basis. And so much more. At the end of the day, it takes its toll on you. If you’re ..read more
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KPI’s & METRICS: 1) Rev Growth 2) Rev/Cust, 3...
Wiz4.biz
by Peter Cikalo
1M ago
KPI’s & METRICS: 1) Rev Growth 2) Rev/Cust, 3) MRR, 4) AMR, 5) RCR, 6)Burn Rate 7) Break-Even, 8) $ Run away, 9) COGS, 10) Profit Margins, 11) TAM, 12) SAM, 13) Mkt Share, 14) CPL, 15) CAC, + 15 more. Tracking KPIs (Key Performance Indicators) is crucial for startups to determine whether efforts and investments are paying off with desired results and target revenue. Key performance indicators are critical analytical tools that remind you to simplify, expand, or implement an exit strategy in the worst-case scenario. Remember, without proper tracking and analysis, it can be difficult to mea ..read more
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+36 additional Business Ideas to Start your own Business Journey to Success in 2024
Wiz4.biz
by Peter Cikalo
2M ago
136 IDEAS: Prep, 1) Blogg’g, 2. Trng, 3) E-Comm, 4) Mktg, 5) Ship’g, 6) Print’g, 7) Subscr Srv, 8) Writing, 9) Music, 10) Security, 11) AI, 12) VR, 13) Apps, 14) SaaS, 15) Gadgets, 16) Graphic Design, 17) SMM, 18) Content, 19) Mktg, 20) V.Asst, 21) Clean’g, 22) M.Car Wash, 23) Chef, 24) Lawn, 25) Landscaping, 26) Photog, 27) H.Org, 28) Errands, 29) Tutor’g 30) Ebook, 31) Lang App, 32) VR, 33) Edu Toys, 34) Tutor’g 35) Wed’g Plan’g 36) +100 more Ideas !!! Do you want to find a business idea that can bring you success in 2024? This practical guide demystifies 136 different and high-potential bu ..read more
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12 Small Business Trends for 2024
Wiz4.biz
by Peter Cikalo
2M ago
TECH TRENDS: in A. Finance B. Marketing, C. Tech, D. HR, E. Future. Small businesses need to adapt to a constantly changing market. To meet the needs of your customers and stay one step ahead of the competition, it’s critical to monitor the trends that affect your business’s operations, and there’s no better time to reflect than the start of a new year. To help you do so, we connected with experts in finance, marketing, tech and human resources to find out what you should expect in the coming year and how to position your small business for success. A. Small Business Finance trends Experts pr ..read more
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7 Lucky Ways to Prepare your own Business for 2024
Wiz4.biz
by Peter Cikalo
2M ago
7 LUCKY WAYS: 1) Financial Status, 2) What Worked, 3) Learn fm Failures, 4) Credit Check, 5) Financial Plan, 6) Tuff on your Taxes, 7) Dream Big. Conclusion. Preparation 2023 Evaluation: Before planning for 2024, you’ll have to understand where your business is now and reevaluate the decisions you made last year. Financial Status. Breaking down your finances, specifically with profit and loss statements and accounting software, can help you learn more about the current state of your business. Planning. Once you have a clear picture of where your business stands, you can start planning for yo ..read more
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