A business idea is a plan on how a product or service can be exchanged for financial gain. An existing business idea can be transformed through innovation to give it an advantage over competitors. The business world is dynamic, and companies need to provide solutions for the new demands of their customers. A business ideaContinue reading “New Business Ideas”
Author Archives: Troy Herbst
Considering Customer Acquisitions
Customer acquisition is one of the most important functions for any business. Attracting new customers is the lifeblood of any successful venture. However, in order to be profitable, companies need to limit the amount of money they spend to onboard new clients. They must be efficient, because if marketing costs outpace the spending of thoseContinue reading “Considering Customer Acquisitions”
Identifying A Boss With Leadership Skills
There are all kinds of leaders and each of them has a different approach. Regardless of their leadership style, there will always be a complicated array of personality traits that collectively define them. Not all bosses are true leaders. Just because someone is in a position of leadership does not mean that they are meantContinue reading “Identifying A Boss With Leadership Skills”
Major Work Changes Post Covid-19
The spread of Covid-19 has forced us to change the way we do everything, including how we perform our jobs on a day to day basis. Even as cities start to open up, it’s becoming obvious that some things won’t return to the “normal” ways and that might be okay. Many professionals and business leadersContinue reading “Major Work Changes Post Covid-19”
Simplifying the Work-Life Balance
Finding harmony between professional and personal endeavors becomes increasingly difficult as society becomes more connected every day. Technology means work is always carried home to some degree, and the temptation to check emails, tackle projects and continue to address business after-hours is a challenge for many, especially during downtime when it’s so easy to pullContinue reading “Simplifying the Work-Life Balance”
Entrepreneurial Lessons
Entrepreneurship is currently one of the most common employment options, with many people preferring to take that route. Succeeding as an entrepreneur, however, requires patience, due diligence, and thorough analysis and understanding of the market. Luckily, there are hundreds of successful entrepreneurs from whom to learn a few vital entrepreneurial lessons. Here are some ofContinue reading “Entrepreneurial Lessons”
Small Businesses and Statistical Analysis
In a business world driven by data, most businesses realize statistical analysis is important. The word statistical analysis creates fear in people, which has led to an increased demand and statisticians during the past decade. Professional statisticians organize and translate enormous amounts of data to concepts everyone can understand. There are several ways statistical analysisContinue reading “Small Businesses and Statistical Analysis”
Changes in Digital Marketing Trends
There are unique changes in digital marketing trends for 2020. Although the rapid advancement of technology continues, there is pushback on increased digitization of the interactions between consumers and brands. This is especially the case pertaining to automation as there is a desire to return to the human factor in marketing. Data-driven marketing and technologiesContinue reading “Changes in Digital Marketing Trends”
How to Become a More Effective Leader
Ineffective management can have a negative impact on everything from productivity to workplace morale. Business owners, executives and supervisors who fail to grasp the basic guidelines pertaining to effective management could be faced with an uphill battle. Understanding the management rules that make it easier to interact with employees and to provide the guidance andContinue reading “How to Become a More Effective Leader”
Identifying Leaders in Fast Growing Companies
Your company is growing rapidly which is exactly what you’ve been hoping for and working towards. The market is responding to your business and things are actually moving quicker than you were prepared for. When you were a startup that looked like a startup you were able to oversee everything that was going on, butContinue reading “Identifying Leaders in Fast Growing Companies”
Troy Herbst 