Why Innovation Matters

[tweetmeme source=”LessonsInBiz” only_single=false]Have you ever wondered companies launch new products every now and then even though they already have a killer one which shoots their sales to the roof? Innovation is a must especially in the cutthroat business industry. Whatever size or stage your business is in, you need to be ready to revolutionize the way you run it and more often than not, revolutionizing it means repackaging your products and services.

The Relevance of Proofreading to Your Business

[tweetmeme source=”LessonsInBiz” only_single=false]Have you ever read a blog post or a tweet that contains more grammatical and spelling errors than a 5^thgrader’s creative writing article? If you have a blog, don’t you just automatically delete comments which don’t make sense at all? I mean, yes, what they’re saying may have a point but it looks to be so poorly translated that it gives you a migraine just reading it.

4 Things You Need to Understand About Your Customers

[tweetmeme source=”LessonsInBiz” only_single=false]Maintaining a good relationship with customers is vital to business. This is one aspect that small businesses can take directly to the bank. So how exactly can a small business owner ensure customer loyalty? One doesn’t need to have a degree in psychology to analyze what your customers want. It’s as basic as putting yourself in their shoes. We have all been customers. We patronize specific foodchains, stores and yes, even websites. Something about a certain retailer earns our loyalty that we keep coming back.

Copyright Infringement and Your Business

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Business is an economic system in which goods and services are exchanged for money (usually, unless otherwise stated) on the basis of their perceived worth. Every business requires some form of investment and an increasing number of customers to whom its output can be sold at profit on a consistent basis. But in the quest to increase your profits, are you sure that there are no laws that you go against?

Simple Tips for Mompreneurs

[tweetmeme source=”LessonsInBiz” only_single=false]Mothers who manage their own businesses (mompreneurs, as we like to call them) are in a league all their own. It is simply amazing how women can juggle taking care of their family and running a business. In research conducted by Regus, data shows that some companies are hesitant to hire working moms. This is probably one of the driving forces that lead mompreneurs to start their own business!

Winning in Small Business: It’s All About Strategy

[tweetmeme source=”LessonsInBiz” only_single=false] Succeeding in business cannot be left to chance. The approaches and tactics you come up with to improve your enterprise is all because of a strategy that you’ve already thought of which you think would help in running your company. Without a sound strategy, your small business would join the growing statistics of doomed businesses.

Strategy is critical to any business because it would give you a perspective on where you want your business to be and how it would get there. Too often, small business owners are too wrapped up in managing their businesses that creating a strategy for long-term and short-term success is delayed or worse, not done at all.

Building Better Business Relationships: Your Weapon for Success

[tweetmeme source=”LessonsInBiz” only_single=false] Small business owners are trying hard to keep with the times and one of the trends is now becoming a necessity: going all in on social networks.

Unfortunately, there are still some newbies in the industry who think that just because they are a member of Facebook, LinkedIn, Twitter, or any other social networks, it’s already enough. No other steps to take, no other things to do. The reason why social media is all the rage is because it builds relationships. You, the small business owner, should connect with people before you could hope to win them over.

Resilience in Small Business: A Must

[tweetmeme source=”LessonsInBiz” only_single=false] You can ask any small business owner and they would all tell you that passion and determination are key to being successful. The world may be fraught with disasters and political and economic downturns but the one thing that small business owners should have is a good helmet for protection.

In a very insightful article from The Frugal Entrepreneur I’ve read recently about the Japan disaster, it strikes me that yes, there are no guarantees in anything that we do but that should not impede us from recovering from it.

What I Learned About Business From My Mother

[tweetmeme source=”LessonsInBiz” only_single=false] My mom is not a business savante. She has a degree in Economics but she never used it. She just stayed at home and raised her kids. Today, I find that her advices keeps me afloat in business.

“If I’d want something done my way, I’d have to do it myself.”

I’m not against delegating tasks but if they are all-too important that you cannot afford any mistakes, just do it yourself than take the chance and risk failing at it just because for some reason or other you didn’t have the time to do so. It’s all about time management and prioritizing.