How do dollar stores stay in business? Many people are surprised to learn that these stores are actually quite profitable. In fact, the average dollar store makes a profit of around $200,000 per year. So, how do they do it? A big part of their success comes from their low overhead costs. They also sell … Read more

Enterprise social networking tools like Yammer can create real business value by helping employees connect and collaborate more effectively. In this post, we’ll explore how enterprise social networking tools can create value for businesses. Checkout this video: What is an enterprise social networking tool? An enterprise social networking tool is a software application that enables … Read more

How do companies prioritize the demands of various business units as they relate to the company’s overall success? Checkout this video: Company priorities In every organization, there are multiple groups with competing demands for attention and resources. It is the job of management to set priorities and assign resources in a way that best achieves … Read more

Customer reviews are one of the most important factors that help a business succeed. They provide valuable feedback about a product or service, and can help potential customers make informed decisions about whether or not to purchase. Reviews can also help businesses improve their offerings by identifying areas that need attention. Checkout this video: The … Read more

A donut shop is a type of business that sells donuts. Donut shops can be found in many places, including shopping malls, supermarkets, and even some gas stations. While donut shops are not as common as they once were, they are still a popular destination for people looking for a quick snack or a treat. … Read more

Looking to start paying your employees? Here’s a guide on how to do payroll for a small business. This will ensure that you’re compliant with the law and that your employees are getting paid correctly. Checkout this video: Decide what payroll system you will use As a small business owner, you have a few options … Read more

How do consumers benefit from business competition? They can enjoy lower prices, better products and services, and more choices. Checkout this video: The Importance of Competition in the Marketplace Competition is critical to a thriving marketplace. It drives businesses to be innovative, efficient and effective in order to survive and prosper. In turn, this benefits … Read more

How do companies prioritize the demands of various business units as they relate to the overall business strategy? Checkout this video: What are the various demands of different business units? There are a variety of demands that different business units can place on a company, and it can be difficult for companies to prioritize these … Read more

In this blog post, we’ll discuss how different economic factors can affect businesses, both positively and negatively. Checkout this video: How do economic recessions affect businesses? There is no question that economic recessions can have a major impact on businesses of all sizes. During a recession, businesses may see a decrease in customer demand, which … Read more

How Do Disruptive Business Models Alter a Value Chain? Checkout this video: What is a disruptive business model? A disruptive business model is a new way of doing business that changes the value proposition of an existing market. When a company introduces a new business model, it alters the value chain of the industry in … Read more