5 Steps to Innovate Your Business

1. Think forward

Although it could be tempting to take into account how well you are/aren’t doing. It is paramount the customers are considering the way they can fulfill the demands of existing and future customers profitably and still actively take on its competitors.

2. Consider regions of your small business that may be improved.

This might be anything from the look of the product or service to how the product or service is produced. The important thing could be the business undertakes its annual MOT to be sure it’s good to go for another 12 months.

3. Speak to customers

As the life-blood with the business, it is important to supply opportunities for customers to feedback on the small business owner what you like (or dislike) about the products, customer satisfaction, shop display, etc. This information is like gold-dust particularly because these customers are more likely to repeat purchases … READ MORE ...

The Planned Microsoft Buyout of Yahoo: Good for the Internet?

In 2018, Microsoft Corp. caused a stir inside the online industry because it revealed its intention to acquire Yahoo! Inc. With the support of Silver Lake Partners, a personal firm, Microsoft proposed to Yahoo a $44.6 billion buyout deal in January 2018.

Yahoo declined the offer and instead was left with a 10-year search partnership in 2019. The Microsoft-Yahoo partnership has gained Microsoft an important 30% of the market share but resulted in the dropping of Yahoo stocks from $29 – before the rejection from the $44.6 billion proposal – to $15 as of September 2011.

Since declining Microsoft’s $44.6 billion bid in 2018, Yahoo has watched its stocks drop just 44%. As a result, the organization has become presenting itself to prospective buyers, due to its failure to improve revenue.

This time around, Microsoft is poised to create a joint proposal, still partnering with private equity firms – however … READ MORE ...

Lessons I Learned From International Business (College Course)

One lesson I learned in the group project was that when you are your group with an above-average number of people problems will arise. In our case, this arrived the form of a group member not working on the project that has been used on them. This was very frustrating to the remaining portion of the group because his shoddy work reflected poorly on the whole group as well as some times I was saddled with rewriting his portion with the project. Having a member not do their share from the work was a novice to be and I had to struggle with the remaining group on the way to approach the problem as Christians.

By working with the same group for the full semester we have got to know each other’s weaknesses and strengths therefore we could appropriately assign tasks to everyone member. The other main point I learned … READ MORE ...

Letters of Credit for Business Expansion

Letters of credit in many cases are the key to success in international transactions. So it’s surprising to determine the number of businessmen and, surprisingly, banks in the United States are unfamiliar or uncomfortable handling letters of credit. There may be an inclination to feel that the United States economy can be so large that one doesn’t require to take into consideration cross-border transactions. But if you’re operational, the second you already know you will find six billion people who would like to purchase and sell stuff, it seems silly never to join the party.

The documentary letter of credit serves one primary purpose: this is a payment mechanism which minimizes the possibility that certain or both sides within an import/export transaction is certain to get scammed.

We occasionally hear from companies who refuse to accept incoming letters of credit from overseas. Sometimes it is because something didn’t go well … READ MORE ...

The Election and Your Financial Plan

The financial news media and social media have been buzzing about the election results and the potential impact on your pocketbook. There has been much speculation about taxes, healthcare, and certainly which stocks and stock sectors might benefit from the Republican gains.

What should you do financially in the wake of the election? Nothing!

The election is a big story for the likes of CNBC, The Wall Street Journal, and others. There is a lot of speculation and uncertainty. This creates interest and hopefully attracts viewers/readers.

Those of you who read my blog or follow me on social media know that I advocate the use of a financial plan as the basis of most financial decisions. Reacting to elections or other big events is usually not a good idea. For example, many investors who panicked and sold investments during the 2008-09 market decline were generally behind investors who were stuck … READ MORE ...