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  Being an entrepreneur is not just about making money
Posted by: eLdavis - 01-30-2024, 12:12 PM - Forum: Small Businesses - Replies (6)

Many today assume being an entrepreneur, or a business owner, has to do with making money alone. While the major purpose of every business is to make profit, if this is your only drive then it might be hard to achieve customer satisfaction. The urge to ensure your customers have the best should also be part of your reason for starting a business.

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  The issue of difficulty in finding employees
Posted by: eLdavis - 01-30-2024, 12:01 PM - Forum: Small Businesses - No Replies

One major problem most business owners and entrepreneurs have today is finding employees. These days it has become really hard to find good employees due to the fact that workers today want to be paid but are not willing to put in their very best, then there are does who lie about their abilities, just so they can get the job. How do you think this issue can be sorted out?

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  Benefits of running a small business
Posted by: eLdavis - 01-30-2024, 11:58 AM - Forum: Small Businesses - Replies (5)

When it comes to running a business, I believe everyone wants to own a big business that would generate lots of capital for them. While this is good, there are still benefits when it comes to running a smaller business. Running a small business means less risk and less employees under your care. Running a small business also lead to quick decision making.

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  Reasons why your business never grow
Posted by: Starmix - 01-30-2024, 07:19 AM - Forum: Business Management and Marketing - Replies (3)

You might wonder why after some years, your business never grows. It remains as it is fewer buyers or customers and profit is very small you cannot almost pay your workers and yourself. Of course, as a business owner, you have to pay yourself too. Have you tried to ask yourself why your business looks poor and unappealing to the people in the community? If not, the blame falls on you. You lack passion for your business, that is one obvious reason. If you have passion for your business, you want to see it grow fat and look like a pro. Another reason is, that you are not good to the people in your community. You might be strict, unfriendly, and indifferent. People like an approachable and accommodating business owner. It is not too late to improve your treatment of the people in your community. They are your business assets and not liabilities, so never feel them a burden to you. It is time to make a change.

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  Manage business empowerment through feedback
Posted by: Starmix - 01-30-2024, 07:09 AM - Forum: Business Management and Marketing - Replies (3)

As a business owner, you will do your very best to make your business thrive amidst inflation and petty problems that may hamper the growth of your business. Planning and innovating are vital to sustain your business. It's not only that, you also aspire to empower your business, and one way to do it is to implement feedback. Through it, you will know the strengths and weaknesses of your products likewise the services of your workers towards the customers. You can correct the mistakes of the attitudes of the workers through training them, thus change in their behaviors will follow and that is one way to build trust again with your customers. Feedback is a helpful tool for knowing the problems of the customers and the immediate remedies to make your business grow big and empowered.

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  4 Essential Rules for Small Budget Investors
Posted by: NinjaTrader - 01-29-2024, 08:48 AM - Forum: Investment 101 - Replies (3)

Investing can help you make money quickly, but it also comes with risks, and you need some money to start. Here are four important rules, especially for people with a small budget:

  1. Put money in regularly, even if it's just a little bit. Doing it consistently is more important than putting in a lot at once.
  2. Spread out your investments to lower the risks. Only invest money that you can afford to lose.
  3. Stay away from things that change a lot in value to reduce risks, especially when you're starting with small amounts.
  4. Have realistic goals, start with small investments, and grow slowly. Keep learning and get advice from experienced people to improve your skills.

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  Trading Vs. Investing: What Suits You Best?
Posted by: NinjaTrader - 01-29-2024, 08:40 AM - Forum: Trading (Stocks/Forex/Crypto) - Replies (1)

Investing and trading are two ways to grow your money. With some money to start, you can make more by starting a business, investing in existing projects, or trading different things like cryptocurrencies, stocks, forex, ETFs, options, and futures.
Running a business needs a lot of effort, and it takes time to see significant returns. Long-term commitment is often required for big profits. On the other hand, trading offers the chance to make money quickly. It works for various assets, and it's not just for experienced people – beginners can start with small amounts in assets they feel comfortable with. So, both investing and trading have their advantages and disadvantages, and they're open to everyone, not just experts.

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  Trading with Artificial Intelligence
Posted by: Starmix - 01-29-2024, 08:10 AM - Forum: Trading (Stocks/Forex/Crypto) - Replies (2)

Have you tried trading with the help of a robot? I have tried it but with a broker, and it was a superb experience. It was my first time to trade and the initial capital was $ 100 and my profit was $ 600. I stop in the meantime because I am afraid to lose money. it is not all the time luck is with us. Let us not be afraid to try, just once. What can you say?

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  Advertising Budget: A Simple Guide
Posted by: InvestmentGuru - 01-28-2024, 09:39 AM - Forum: Business Management and Marketing - Replies (1)

Before diving into an advertising campaign, grasp a fundamental concept – advertising works as an accelerator, not an initiator. But what does that really mean?
Advertising takes something you already have – your product, service, or offer – and puts it in front of more people to boost your earnings. However, it can't magically turn a new, unproven offer into a bestseller. Simply pouring in money doesn't guarantee huge sales. Plus, when you hit pause on advertising, the money-making engine often sputters to a stop.
The key is a blend of paid media, earned media, shared media, and owned media. Let's break it down:

  1. Paid Media: This is where you run your ads. It's the platform you invest in to get your message out there.
  2. Earned Media: Think of this as your personal network and the relationships you build with customers through excellent service and goodwill. It's the trust you've earned.
  3. Shared Media: This revolves around the community you create. It's about engaging and building connections within your audience.
  4. Owned Media: Your blog, email list, and other platforms you control fall into this category. It's the space you own and operate.
By balancing these media types, you create a well-rounded approach that goes beyond just throwing money at ads. It's about fostering relationships, building trust, and having a solid presence across various channels. This way, your advertising budget becomes a strategic investment rather than a potential burnout.

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  Exploring Automated Ecommerce Business
Posted by: InvestmentGuru - 01-28-2024, 09:32 AM - Forum: Small Businesses - No Replies

When it comes to ecommerce, the landscape offers various approaches, but my inclination leans towards automated ecommerce businesses. Specifically, I find great value in dropshipping, print-on-demand, and selling digital products.
Dropshipping: This method stands out because you don't need to invest in buying or manufacturing products. This eliminates the need for spending both money and time on product packaging and shipping. Consequently, dropshipping emerges as one of the most straightforward ecommerce businesses.
Print-On-Demand: With this approach, you design a product, list it for sale, and when someone makes a purchase, the Print-On-Demand store takes care of manufacturing and shipping. Compared to dropshipping, this method is deemed easier and more cost-effective.
Selling Digital Products: The appeal of selling digital products lies in creating a product once and being able to sell it repeatedly. Whether through third-party stores or your own platform, digital products offer a versatile ecommerce option.
Each of these automated ecommerce methods has its own advantages, and the choice often depends on personal preferences and business goals. As the ecommerce landscape continues to evolve, embracing these automated approaches can provide a streamlined and efficient way to navigate the online business arena.

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