Why Is Customer Lifetime Value Important? As a business owner, you need to cater to your customers. Having satisfied and loyal customers is extremely vital to the growth of all businesses since, at the end of the day, the gains, and the profit one makes are due to the...
business advice articles
Why Is Customer Lifetime Value Important?
Among the many factors that contribute to successful management are customer lifetime value (CLV) and segmenting your customers. CLV is a measure of how much profit a company can expect to make from each customer over the course of their relationship with that...
Know Your Numbers & Financial Ratios
Numbers are everywhere, and for the most part, we just ignore them. That is unless we're forced to pay attention to them when it comes time to do our monthly taxes or budget. But, for most people numbers don’t seem interesting. And this is something I’ve seen...
Teamwork In Business
Teamwork in business is crucial for success. When individuals come together to work towards a common goal, magic happens. It’s because they bring with them a diverse range of skills, knowledge, and perspectives. Team members achieve better results together than...
Product Grouping & Its Financial Power
Have you ever thought about product grouping? Or has it been something you’ve put on the shelf and it’s been collecting dust? How does it get you a greater financial understanding of your business? How product grouping can help Above all by looking at your...
Pricing For Profit: 5 Key Numbers
Wondering how to price your products or services so you can make a profit? It’s not as simple as it seems because it involves several things to consider. That’s why figuring out the right price is one of the biggest challenges business owners face. There are...
Achieving Success In Your Business
Feeling like you're not achieving success in your business? You're not alone. You’d be surprised to hear that many people feel this way at some point in their lives. But don't worry, I can help. Once you've learned what success actually is, you can start to...
Performance Management System: 5 Tips
Do you need a system that will track the performance of your employees in a consistent and measurable way? Then you need a performance management system for your business! Wondering how to create one? You're in the right place! In this video, I'll be talking to...
9 Steps For Using Cash Flow Modelling Software In A Small Business
Cash flow – the heartbeat of any business, big or small. It's cash that fuels your operations, pays the bills and keeps your business alive. But what happens when the cash tap runs dry? Panic stations and sleepless nights. All is not lost though because we're...
Why Profitable Businesses Fail
A successful business is one that is profitable and sustainable but profitability alone is no guarantee of success. There are many stories of seemingly successful and profitable companies going out of business, but what causes profitable businesses to fail? Your...