Mohit Tater's Blog, page 552

Start Your Own Business With Wholesale Clearance Pallets

It can be difficult to get a business off the ground. And perhaps you already know that the key to making a successful go of your endeavour is keeping costs as low as possible, especially at the beginning when things are tight and you need breathing room to grow.

One great way to keep costs down and inventory high is taking advantage when other businesses need to unload their inventory. Bulk buying wholesale pallets of goods lets you acquire inventory for just pennies on the dollar. Here’s how you can do it:

Find a wholesaler

You can’t spend all your time hunting for businesses that sell surplus inventory; that in itself is a full-time job. The best way to make good use of your time and money is to find a wholesaler website where you can bid for pallets at deep discounts.

Make sure you work with a reputable wholesaler, and don’t go into any transaction without verifying all the important contact information. Reach out before you do a deal and look for a reassuring response that indicates you’re working with a reputable business.

As you choose a wholesaler, be sure to do your due diligence in researching them. Here are just some questions you should be asking:

Are there any complaints against them, and do they have that “ring of truth?”Do they have a reputation for correctly representing what they sell?What is their policy for returns, and are they known for honoring it?



Choose your inventory wisely

You can make a mistake in two directions here. On the one hand, you can go too broad, buying too many divergent items with little idea of how well they might sell. If you do this, you risk being a company that no one can quite understand, and consumers won’t come to you because they can’t be sure what you’ll have for them to buy.

On the other hand, if you go too narrow, you can alienate and drive away plenty of potential customers. You need to have enough variety to keep people interested and coming back regularly to see what you have.

Deciding what to sell can be difficult, but it’s a crucial step. When you source wholesale pallets, be sure you know what you’re getting before you buy. Work with a broker who can give you an idea of what’s on the pallet and the general condition it’s in, then make sure you have a market for what you want to sell.

Make sure you’re getting a deal

Before you make a bid on any pallet, it pays to find out whose goods you’re buying. Is it government surplus? Is it Amazon or Walmart returns? Or is it all retail surplus that was never sold in the first place?

Government wholesale inventory can be in pretty bad shape, and the problem with retail surplus is that if it didn’t sell for the original company, why would it sell for you? Sometimes this isn’t an issue, such as with seasonal inventory you can hold until the next season. But make sure you know what you’re doing before you make a purchase.

Some of the best wholesale pallets to buy are returned items from giants like Amazon and Walmart. Many of these items are in mint condition or even unused. People return items all the time because they bought the wrong size, got buyer’s remorse, or simply found another deal they liked better. And it’s often cheaper for the larger businesses to sell them off wholesale rather than put them back on shelves.

Wholesale liquidation pallets offer a great way to buy low and sell high, but as with any business transaction, it pays to do your homework. Figure out what you really need, research where you can get the best deals, and then get to selling.

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Should You Leave Voicemails on Sales Calls?

As a business owner, you know the importance of sales. Your company can only thrive as long as you have customers, which means you need to do everything you can to make sales.

Employing agents to make outbound calls to current and potential clients is a great way to increase the sales of your business, but you might still have a few questions about what your agents should be doing. For example, should they be leaving voicemails?

With the right resources, they don’t usually need to. Read on to learn more.

What software should you be using?

Predictive dialer software is the best way to increase efficiency for your outbound callers. With this software, your agents will only be connected to calls that have been picked up by a person. The predictive dialer dials a list of numbers and then connects agents to successful calls.

This means the agents do not have to worry about dialing numbers themselves and can focus on making sales once they’re on the call. Your callers won’t have to wait while the phone rings or worry about leaving a message.

Also, the cloud-based software doesn’t require any expensive equipment to be installed, which means it is only a benefit to you. Predictive dialer software is easy to implement and extremely helpful to your agents and the work they are doing.

How does predictive dialer software work?

The predictive dialer software utilizes a prediction algorithm. This means it can predict when an agent will be ready to make their next call, as well as the best time to automatically call the next customer. The system then dials the number for the agent and has the call ready at the perfect time. The dialer can sense when a call will end and will then make the next call for the agent.

This software increases agent productivity and eliminates time-wasting tasks, like dialing and waiting for the recipient to pick up the phone. Instead of listening to the machine’s message, your agents are connected directly to live people who are ready to speak with them.

Since call center turnover is currently at an extremely high rate, offering your agents this predictive dialer software is a great way to lower turnover and help your agents feel successful and satisfied in their work.

Should agents leave voicemails on sales calls?

Obviously, with the predictive dialer system, your agents will never be connected to an answering machine, which is for the best. Agents will be automatically connected to a live person, which eliminates the need for leaving a voicemail.

83 percent of customers who were surveyed after leaving a business said that if the business had provided better person-to-person customer service, they might have considered staying. That is a huge percentage of people who feel interaction with a live person is important. By only connecting agents to people who answer the phone, the predictive dialer ensures that potential and current customers speak with a live person who can address their concerns or worries.

All of this can help your business gain a reputation for fantastic customer service. Outbound sales calls can be a huge benefit to your business. You want your sales agents to be able to focus on what really matters. By implementing a predictive dialer, your call success rates will increase, your sales will grow, and your agents will feel like satisfied employees.

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7 Essentials You Need To Create An Online Business

Virtually everyone and their mother either has or wants to start an online business today. Many people go as far as to make their business plans and products to do so. On the other hand, another chunk of people simply doesn’t know where to start. No matter what phase of starting an online business someone is in, what often happens is that people hit a plateau when they realize the many minor details that need attention. This includes details such as knowing how to beat online competitors, learning how to keep clients, and other similar factors that we will discuss. Worth noting, simply taking any course of action is already putting you ahead of many other people who say have an online business plan but never implement it. That said, there are a few different variables that are more important than others when it comes to starting an online business. While nothing can ever guarantee success, understanding these variables will at least boost your confidence in making money in an ultra-competitive environment. With this in mind, let’s go over seven essentials you need to create an online business.

#1: A Focus On A Specific Online Niche

A common mistake that many new online business planners make is not sticking to one niche. They either make different businesses altogether or make one business with different products or services that belong in another niche. This only makes it confusing for potential clients. For this reason, stick to a niche that you understand the most and figure out ways to profit from your knowledge.

#2: A Selling Structure

On the technical side of creating an online business, most people simply skip over the selling part. In an online business, this structure is known as a funnel. Essentially, it is a process in which a business owner can lead a potential client to buy a product or service. Understanding this structure is a highly effective way to make money online.

#3: A Business Logo

As far as overlooked factors in an online business, making a logo is another factor that people ignore. A logo serves the purpose of qualifying potential clients, branding your business, and standing out in a crowded place. Even better, there are many ways to create a high-quality logo with tools such as online creator or logo maker.

#4: An Online Marketing Blueprint

Both traditional and online businesses use online marketing because of its powerful cost-effective strategies. Without getting too technical, online marketing has drastically improved the way a business can acquire a client. Through strategies such as paid advertising or organic search optimization, a business can know exactly what a client is looking for and how to convince them to buy.

#5: A Business Partner

Another overlooked yet important factor in creating an online business is having a business partner. The importance of a business partner stems from most people having either a technical or business savvy mindset. Depending on which one you have, it might be beneficial to look for a partner that has the other mindset. Not to mention, it is always better to have more than one opinion.

#6: Initial Investment

What’s interesting about initial investments when starting an online business is that it is an obvious step in the process yet, it isn’t talked about enough. Most people think an initial investment simply requires enough money to cover the costs of necessities needed to start a business. However, initial investment should also include detailed costs such as website hosting, an online ad budget, and other similar hidden costs.

#7: An Emergency Fund

For many reasons, having an emergency fund can also fit into the initial investment costs of starting an online business. However, it holds greater importance than simply being a part of a cost. As we can guess, an emergency fund serves the purpose of being a backup plan in case anything goes wrong. In business, this is an incredibly important thing to have as things usually end up going wrong unexpectedly and at a big cost.

Online Business As A Whole

Starting an online business has many perks and benefits. Apart from being a source of revenue, an online business can be used to answer the question, solve problems, and other contributions to an online society. That said, make this your focus when starting a business. Be a problem solver as opposed to focusing on making money. In many cases, this strategy usually leads to more profit.

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Which Social Media Channels Should I Use For My Business?

Nowadays, having active social media pages is of the utmost importance for a successful business. Digital marketing companies in Dubai are informing their clients of social media’s influence, and they’re implementing social media marketing strategies into their marketing plans. It’s not an easy thing to decide which social media platform to use for a specific business since not all of them can have the same impact on every business. That’s why you need professional digital marketer backing you up, and only then you’ll get a perfect combination of your company’s goals and social media pages that fits your business the best. Read more about how to choose the best social media platforms for your business on this link https://skedsocial.com/blog/social-media-channels-for-your-business/.

Why Are Social Media So Important?

As numerous digital marketing companies in Dubai have previously stated – social media is among the most critical factors for a successful digital marketing strategy. Social media in the United Arab Emirates was at one point banned, but IT sector made arrangements with the country’s officials to lift the ban from social media because of their strong influence on numerous businesses.

Social media allows us to promote our businesses as well as to stay in touch with friends and relatives. By developing our businesses through social media platforms, we’ll gain more followers with each post and each share that those followers make. By targeting specific audience groups, social media will help us get even more potential clients. Here are some tips that you should know on how to get started with social media marketing https://www.entrepreneurshiplife.com/10-tips-to-get-started-with-social-media-marketing/.

Which Social Media Platforms Fit Your Business The Most?

Depending on the kind of company you’re running, some social media platforms may be beneficial, while some others may not be useful at all. Today, we’ll analyze what some social media platforms can bring to us as well as which the audience uses them, how much they use them, etc.

Snapchat

Over 100 million Snapchat users around the age of 25 use this app for over 30 minutes every day. This is literally a goldmine for every business that targets millennials. Every company that releases behind the scene footage, or that creates unique video content, or even have interviews with celebrities can use all the benefits that this free marketing has to offer while they’ll gain more loyal followers.

Instagram Every digital agency Dubai is aware of Instagram’s importance in the social media world. Why is Instagram so important? The answer is easy – the app has over 500 million users, of which 59% uses the app every day, making Instagram extremely important for digital marketing campaigns because of the reach it has. Instagram can be an excellent tool for building a brand if you have a decent number of followers, and if you post terrific photographs and videos. In case your idea is to use Instagram as a marketing tool, you’ll need to create a perfect marketing strategy so you’ll have at least a small piece from half a billion Instagram users.
Facebook

A large percentage of men and women between the ages of 25 and 54 have Facebook profiles, and over half of them are using Facebook daily. Facebook’s total user count is 2.41 billion, which makes it the most significant source of potential customers throughout all social media platforms. Companies whose target audience is in between these ages can create amazing social media marketing strategies to obtain more leads and turn those leads into buying customers. Facebook ads offer businesses various ways of reaching out to their target audience. Companies can choose the target audience by their age, gender, location, etc.

Instagram Every digital agency Dubai is aware of Instagram’s importance in the social media world. Why is Instagram so important? The answer is easy – the app has over 500 million users, of which 59% uses the app every day, making Instagram extremely important for digital marketing campaigns because of the reach it has. Instagram can be an excellent tool for building a brand if you have a decent number of followers, and if you post terrific photographs and videos. In case your idea is to use Instagram as a marketing tool, you’ll need to create a perfect marketing strategy so you’ll have at least a small piece from half a billion Instagram users.

Facebook

A large percentage of men and women between the ages of 25 and 54 have Facebook profiles, and over half of them are using Facebook daily. Facebook’s total user count is 2.41 billion, which makes it the most significant source of potential customers throughout all social media platforms. Companies whose target audience is in between these ages can create amazing social media marketing strategies to obtain more leads and turn those leads into buying customers. Facebook ads offer businesses various ways of reaching out to their target audience. Companies can choose the target audience by their age, gender, location, etc.

Things That You Should Know

To be able to stay on the top of the social media landscape is not an easy task, but it’s definitely one that you should think of investing in. Every digital agency Dubai will suggest that you should start your campaign with at least one social media platform. Social media can only benefit your business, one way or another. Staying active on social media is of crucial importance for successfully finding more followers while keeping the old ones engaged at the same time.

You need to discover where your company would fit the best, and to do so, you need to investigate all social media platforms, realize how they operate and how can your business benefit from all of the information you’ve gathered. Our digital marketing agency Dubai can help you with the decision-making while it’ll provide you with all the necessary information you may need about all social media platforms out there. Finding the perfect social media platform for your business requires a lot of hours and energy, but once you realize which social media platforms can benefit your business, everything becomes much more accessible.

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What kind of Jobs can you Get with a Business Communication Degree?

Having a business communication degree under your belt can allow you to choose from a wide range of entry-level jobs in the business sector. It equips students with the necessary knowledge and skills that are required to understand business functions across all departments. Graduates of the Bachelors of Arts in Business Communications efficiently trains students on the methods of communication and media to land jobs in the relevant fields of careers, such as:

Professional writing;Journalism;Public relations;Communications;Advertising.

Here are a few potential career options with a BA in business communication:

Business Executive – They are responsible for establishing corporate goals, policies and procedures within organisations. Their financial responsibilities include overseeing an organisation’s financial and budgeting activities and analysing financial statements and sales reports. Business executives also specialise in negotiating contracts with suppliers, distributes and retail stores. Human Relations Manager – They generally engage in developing policies and coordinating human resources activities, such as:



Employment;Compensation;Labour relations;Benefits;Training;Employee services.

They are responsible for analysing salary reports to determine competitive compensation plan and responding to inquiries regarding policies, procedures and programmes. Human relations manager also coordinates with management training, which involves interviewing, hiring, terminating and promoting.

Public Relations Manager – These professionals work to create and maintain a favourable public image for their employers and clients. They communicate programs and accomplishments or point of view of their organisation by:



Fielding media questions;Pitching stories to the media;Preparing media kits;Organising press conferences;Developing advertising and marketing communications material;Writing speeches for organisational leaders;Preparing articles for corporate newsletters.



Marketing Executive – The regular duties of a marketing executive depends on the type and size of the organisation or sector that are working for. Also known as marketing officers or marketing coordinators, their main focus is to sell products and services or raise awareness regarding issues that can affect the public. Marketing executives are typically involved in activities like:



Promoting services, products, events or campaigns;Planning and organising events;Sponsorship;Advertising;Public relations and research.



Advertising Executive – Their primary role is to liaise with clients and agency staff during the promotion of advertising campaigns and coordinating associated work. They engage in consulting clients about campaign requirements, presenting campaign pitches and costs to clients and delegating proposals to the media team. Advertising executives specialise in commercial awareness and advanced communication skills and are typically hired by advertising agencies or by large companies to work for their advertising departments.

The Bachelor of Arts in Business Communication (BA) is a multidisciplinary program that educates students to evaluate and integrate all types of business communication operations. Students gain expertise in demonstrating research mythologies and applying communication techniques to business problems.

If you are interested to develop your knowledge of media, cultural studies and business, a bachelors program in business communication can be the right choice for you.

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Kitchen Countertop Guide: How to Find the Best Value Stone for Your Money

When
someone steps into your kitchen, the first thing they will notice is your
kitchen countertop. This because it is the most used and covers a large area of
your kitchen. There are several choices when it comes to choosing; which is the
best stone countertop for your kitchen. Stones such as; granite marble,
soapstone, and quartz can be relied upon to provide you with the right type of
countertop.

You cannot just change your kitchen countertop for the sake. The stone you decide to use should add value to your kitchen and home as a whole. It should be an improvement on the previous material. It might be a little challenging to improve if you are working on a limited budget but, if you study the market with an open mind, you will realize there is a way you can get the best value stone for your money.

What
makes a stone valuable? What features should you look for in your material of
choice? The information that follows gives you an insight into what features
your countertop stone should have to add value to your kitchen and home as a
whole.

1. Durability

It
does not matter how much you enjoy changing your kitchen countertops- you will
still not want to have to change it regularly. Your choice of stone should
stand the test of time. The countertop material should be durable and
scratch-resistant. This is probably the most significant aspect your countertop
should have.

The
stone you choose will add value to your kitchen and home if it is durable. For
example, granite countertops are not easily scratched compared to soapstone
counters that cannot easily withstand scratches.

2. Functionality

An
item is only valuable to you if it can fulfill all its functions. Think about
all the activities in your kitchen, will your choice of stone provide you with
the right environment to perform your duties. For example, countertops made
from engineered stone are best for a busy kitchen.

3. Maintenance

A
countertop is only valuable if it makes work easier for you. You do not want a
countertop that will be a nightmare to maintain. Your choice of stone should be
one that requires minimal maintenance. Granite, for example, hardly needs any
form of sustenance. All you have to do is to wipe in case of any liquid spill
or use detergent when cleaning.

4. Aesthetics

Perhaps the first thing anyone will notice in your kitchen is the appearance of your countertop material. You want something that will add more life and beauty to your kitchen. Create a view that will enlighten your mood every time you visit your kitchen. Choose a color that complements those already in your kitchen.

When
it comes to aesthetics, every person has his preferences. This way, if you are
remodeling your kitchen with intentions of selling your house, make sure the
worth of the stone you’re using is easily noticed. However, this is different
if you are remodeling your kitchen for personal reasons, where you can use the
stone that most appeals to your aesthetic values.

5. Eco-friendly

Your
kitchen needs to be free of bacteria, that can cause illnesses, at all time.
Your choice of countertop should be one that cannot host any types of bacteria
or dirt. The countertop material you choose is only valuable if it does not
risk your life or those of your family members. A stone such as granite
requires sealing to prevent it from harboring bacteria.

6. Types of Stones

After
analyzing the features that make a countertop material valuable, here are the
different types of stones you can use for your kitchen countertop. Each stone
has its advantages and disadvantages, decide on which fits both your budget and
preferences.

7. Granite

If
you are looking for a material that will add aesthetic value to your kitchen,
then granite will be the best stone for your countertop. Granite is a hard
stone formed by volcanic reactions; thus, making it durable and scratch proof.
When correctly sealed granite is both stain and bacteria-resistant. Granite is
also available in diverse shades of colors.

Perhaps the most challenging aspect of deciding to use granite is its price. According to Marble, granite countertop cost expectations range from $40 to $60 per square meter for a slab. For a tile, the price ranges from $5 to $15. You are likely to spend between $2000 to $4, 500 from buying the material to installation. The price seems to be a little high- although if you are looking for a stone that will give you the value for your money, then granite is your best choice.

8. Marble

If you are looking to add an advanced and comfortable look to your kitchen, then there is no better material than marble. Its checkered patterns combined with its wide range of colors make, for such a sophisticated look.

The
price of a marble countertop might be discouraging. You can get one for an
average price of $60. It also stains easily and to avoid this use a silicone
sealer, which will ensure it does not stain.

9. Quartz (Engineered Stone)

Made
from 90 percent quartz combined with other minerals, it is the hardest of the
natural stones. Its hardness makes it durable and easy to maintain, making it
perfect for a busy kitchen. It’s a beautiful stone that will add value to your
kitchen.

The
price of quartz ranges from $50 to $100 per square foot, this including
installation. Its price might be the only stumbling block you are likely to
face- although if you take into account its performance, it will surpass your
expectations.

10. Soapstone

Soapstone
is one of the smoothest stone you can use for your kitchen countertop. Even
though it is soft, it is still heat resistant and non-porous. Features that
make it suitable for a kitchen countertop.

One
of its disadvantages is that it scratches easily and it may darken after being
used for a while. The price of soapstone ranges from $70 to $120 per square
foot. It might seem a bit pricy, but considering the value it will add to your
home, it is worth it.

Final Thought

It
is essential to get the value for your money when choosing your preferred
choice of countertop. The information above should give you an insight into
what makes a stone valuable and the types of stones you can choose to use for
your countertop.

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Pros and Cons of Buying a Franchise

Each year, hundreds of thousands of entrepreneurs across the world launch a franchise. If you’re thinking of heading down this road, then here are some critical pros and cons that you need to be aware of:

Franchise PROs:







Established Business Model: Instead of building a brand from scratch that includes everything from market research to product testing, you can plug into a proven business model hit the ground running. This will not only save you time, but potentially save you tens or hundreds of thousands of dollars. 



Ongoing Support: Franchisees receive up-front and ongoing support regarding complying with health and safety bylaws, hiring, procurement, quality control, and the list goes on. In addition to head office, you can also get support from fellow franchisees who are familiar with what you’re dealing with (and will be facing in the weeks, months and years ahead). 



Instant brand recognition: Generating brand visibility can take years and cost hundreds of thousands of dollars; especially in crowded and competitive spaces. Franchises already have an established, recognized brand and marketplace penetration. Strong brand recognition can also help with recruitment and retention.



Economies of scale: Franchisees typically have much more purchasing power than standalone operations, due to established relationships between vendors/suppliers and the franchise’s head office. 



Franchise CONs:



High startup costs: established, well-known and successful franchises have high startup costs, and most franchisees need to obtain financing to close the deal. For example, the estimated cost of opening a McDonald’s ranges from just over $1 million to around $2.2 million. 



Stringent requirements: successful franchises are coveted by entrepreneurs, and as such there is a comprehensive application process that involves a rigorous financial background check. For example, Taco Bell franchisees must have $750,000 in liquid assets.  



Ongoing fees: Franchisees must pay advertising and/or royalty fees. While the latter is often not that much of an issue because it’s based on profits, the former can be a source of frustration for some franchisees that are obliged to support regional and/or national advertising campaigns, even if they are not generating good results from them. 



Limited autonomy: As long as the comply with the law and any other agreements (e.g. property management rules, etc.), small business owners are their own boss and can call their own shots. Franchisees, on the other hand, must abide by standardized rules that are set by head office (e.g. specific lighting, hours of operation, office renovation specifications, etc.).



Limited options: While it’s not inspiring to think about, small business owners who struggle can shut down, or sell their business. Franchisees, however, are often locked into long-term agreements and can only exit their obligation under specific circumstances (and typically with extra costs involved for early termination).



The Bottom Line

Is buying into a franchise the right option for you? That’s not an answer you can get from an article. The best advice is for you to do your homework, get all of the facts, and ultimately make an informed decision that gives you the best chance of achieving long-term success — both professionally and personally.   

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3 Fatal Mistakes that Many Startups Make

To launch a successful startup, you need to be relentlessly — or better yet, obsessively — optimistic. But at the same time, you also need to be a down-to-earth pragmatic realist. Otherwise, instead of achieving your vision, you’ll likely find yourself forced to shut down, or maybe even file for bankruptcy.

To help you avoid those horrific possibilities, here are five fatal mistakes that many startups make — but that you can wisely avoid:

1. Mistaking a great product, with great demand for a great product.

Of all the pitfalls that ensnare startups, this is arguably the biggest and most destructive. It’s not enough to have a great product, or even a groundbreaking, game-changing, or revolutionary product. There must also be great demand for that product. If this isn’t the case, then you’ll be obliged to spend hundreds of thousands — and maybe millions — of dollars educating your target marketplace. And unless you have a bulletproof patent, there’s a very good chance (we’re talking about 99% here) that by the time you’re done priming your customer base, one or more deep-pocketed competitors will swoop in and steal your thunder — leaving you on the outside looking in.

2. Not choosing the right price position.

Unless you’re selling generic commodities (and hopefully you aren’t), you don’t have to have the lowest price in your marketplace. That’s a race to the bottom that is invariably won by big box stores in the B2C space, and massive wholesalers in the B2B space. Yet with this being said, your price position has to be competitive and, at the same time, give you enough margin to pay your bills and sustainably turn a profit. For example, if you’re launching a limo company, then make sure your schedule of fees (e.g. stretch limo rates, party bus rates, etc.) works for both your customers and your bottom-line.

3. Not focusing on core your strengths.

Startups need to be fluid and flexible, because the process is iterative: the more you do it, the more you know (and can use that actionable business intelligence to do it better). However, there is a difference between making strategic adjustments to exploit opportunities and mitigate risks, and losing your grip on core strengths and spreading yourself too thin. For example, if you launch a mobile massage startup that travels to businesses and gives stressed-out employees a much-needed back rub, then don’t start selling essential oils or dog walking services. Stay focused on your core value proposition, and build a reputation for excellence in your niche. You don’t have to necessarily stay in your lane all the time, but you should stay on the road vs. veer off and drive through a cornfield or into the forest.

The Final Word

Launching a startup is exciting, exhilarating — and at times, it can be terrifying. By deftly avoiding the mistakes noted above, you’ll greatly increase the chances that your entrepreneurial journey will be a long-term success, instead of a short-term struggle. 

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Entrepreneurial Quotes to Motivate You and Your Business

Perhaps ABBA said it best when they sang, “I work all night, I work all day, to pay the bills I have to pay … And still there never seems to be a single penny left for me.” Sure, the realities of personal finance can’t be summed up mid-1970’s disco music, but their hit “Money, Money, Money” really resonated with people.

When you own and operate a business, you have to be ready to bear the brunt of responsibility for your success or failure. Businesses start up and close down every day, which means you need to be comfortable with risk and willing to work your way back up when you get knocked down. Bankruptcy and insolvency are two very possible outcomes of your efforts, which is why you should know where to go when you need financial support.

Out of all the things to consider regarding insolvency services for business, just being aware that you can turn to financial professionals like Licensed Insolvency Trustees (or, as they’re also known, bankruptcy trustees) or credit counsellors for help can be a huge comfort. If your business is dealing with a debt issues, it’s possible to recover. Here are some inspirational quotes from successful entrepreneurs to keep you motivated as you continue to push your business further.

On Failure

You need to have thick skin in order to make it in the competitive world of business. And for many, the path to success is paved with plenty of failures and learning opportunities. Even a major setback like declaring bankruptcy in Ontario (or Osaka or Ohio or anywhere, really) shouldn’t keep you from bouncing back. Here’s what some successful businesspeople have had to say on the topic of failure.

“You have to see failure as the
beginning and the middle, but never entertain it as an end.” – Founder and CEO
of Stella & Dot, Jessica Herrin

“You have to get good at ceding
control and not taking things personally. Even seasoned entrepreneurs have
struggled with that. I think it’s about not taking failures personally and also
not taking successes personally.” – Founder of Samasource and LXMI, Leila Janah

“If you tune it so that you have zero chance of failure, you usually also have zero chance of success. The key is to look at ways for when you get to your failure checkpoint, you know how to stop.” – Cofounder of LinkedIn, Reid Hoffman

On People

Small business owners often rely
heavily on a solid team to wear different hats and roll up their sleeves during
the tough times of a company. Having the right team can be the deciding factor
between whether your business thrives or if it fades away. Consider the
following wisdom when deciding how to make up your team.

“It’s very important for
entrepreneurs to look for people in the company who are not afraid of failures,
for example, intrapreneurs. They make a business more successful by thinking
like an entrepreneur – but within a company.” – Founder of Taco, Chirag
Kulkarni

“People are the most important
thing. Business model and product will follow if you have the right people.” –
Adam Neumann, Co-founder of WeWork

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Online Services are the Auto Dealer’s New Best Friend

Never before has a dealership website
been as important a tool as it is today. The possibilities that are open to
auto dealers online seem to be growing at an exponential rate. There also
aren’t any signs of this trend slowing down. The reason is that conversational
commerce solutions designed specifically for dealerships have been enormously
successful wherever implemented.

The Next Wave of Online Services

The best way to understand why the internet has become so important to dealerships is through a rundown of the new tools that online solutions providers are offering. These innovative online services are changing the way the dealerships work not simply online but as a whole. No auto dealer today can afford to do business without learning all about how online marketing specialists are able to boost dealership sales with the latest technology – so do your business a favour and find out more.

Dealership Online Chat

Live chat is at the heart why the game is changing. With this simple feature installed on the website, new capabilities are opened up online that were never possible before. Thus the entire function and purpose of a dealership’s online presence changes from a simple advertising tool to a powerful lead generation and new revenue machine – take a look at the evidence for just one powerful example.

Advance Customer Service

With a digital live chat service, customers can experience interactions with practiced operators similar to engaging with sales people at the dealership. Questions are answered in real time, which results in more meaningful and more satisfying customer relationships. The result of building better customer relationships is that you’ll build customer loyalty in view of yielding better leads and ultimately more sales.

Gaining a Better Perspective on Customers

Live chat software works with enhanced
customer analysis to give your dealership more insightful information about the
purchasing abilities and interests of new customers. This information is often
used to generate powerful leads to be built into sales at the dealership.

Using Live Chat with Other Online Sales Tools

By using live chat applications in cooperation with other online solutions for auto dealerships, the purpose of your website doesn’t have to stop at lead generation. While it’s true that better leads can be developed by encouraging customers to take advantage of online insurance and financing applications, these service also advance the sale closer to fruition. More recently, auto dealers are finding enormous success in partnering their online capabilities with the marketing features of social media websites.

Live Chat and Virtual Retailing

The latest development in the online dealership sales strategy comes with partnering with website like Facebook marketplace and Apple Business Chat. Using these services in partnership with live chat, text and video capabilities on your dealership website can enable you to accelerate revenue growth and offer complete end-to-end deals online.

Just like the rest of the retail world, the auto sales industry is rapidly changing with the help of advanced online sales tools. The most important step you can take today as an auto dealer is to contact a professional communication solutions provider that specializes in auto sales and find out how you can also upgrade your website.

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