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A study in the National Library of Medicine in 2021 found that transformational entrepreneurship has an incredible effect on a leader’s personal readiness for change, psychological resilience, and employee performance. Meanwhile, another case study from the International Journal of Entrepreneurial Behavior & Research gives valuable insights into how entrepreneurial firms are creating and seizing opportunities using innovative practices, digital technologies, and key organizational values. Discover the newest best reads for discovering your brand authenticity, influencing consumer … [+] getty While it is impossible for every business endeavor to be successful, the key to transforming your entrepreneurship goals into effective plans of action is to discover your genuine brand authenticity, recognize the best ways to connect with your customers, and have a strong supporting team to help you along the way. The following books on this list will help any business leader and entrepreneur that is looking to elevate their business ideas and build a highly successful business. 1. Jeremy Delk – Without a Plan Jeremy Delk’s Without a Plan: A Memoir of Unbound Action and Failing My Way to Success is for the entrepreneur that is looking to find personal and professional career growth by following a forward-moving approach […]

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getty In our real-time age, streaming has been wildly successful at transforming how data moves around the enterprise. But moving data—even at scale—is only one piece of the puzzle. Businesses now demand more value from their data, and they expect to unlock that value in less time. When organizations are able to rapidly analyze data and act on it, they can increase revenue, prevent revenue leakage and otherwise control operational expenditures. Move over, big data: Streaming intelligence is the next business frontier for data, and 2023 is shaping up to be the year companies finally figure out how to monetize their streaming data. First off, let’s define our terms. What Is Streaming Data? Streaming data is data that is continuously generated and immediately moved from the originating data source to another location (e.g., an application). Examples of streaming data include real-time stock quotes, multiplayer game interactions, log files generated by user behavior, data generated by IoT devices and customer transaction data. Just like water flows, data streams are constantly moving. Once data is generated from the source, it instantly moves to a data platform where, with the right tools and technology in place, it can be acted on in […]

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The Cope Center in Springfield is having a big two-day sale on Feb. 11 and Feb. 14. SUBMITTED The COPE Center in Springfield has lots of selections of clothes for men, women and children. Springfield’s COPE Center thrift store has been raising money to help the needy in Robertson County for 40 years. And to celebrate, the volunteers are holding a big two-day sale – Feb. 11 and Feb. 14 – when everything in the store will be 40 percent off. “It is a customer appreciation sale,” said Joyce Munda, a board member who has volunteered in the store for more than 20 years. “We love our patrons.” She said that a lot of the customers are “regulars” who come in weekly or more often to see what is new. The shop’s inventory is everything from clothing for men, women and children (lots of infant wear) linens, lamps, toys, games, books, china, albums, 45s, and more – all priced to sell. (most everything is priced under $20). Munda also noted that the store is staffed totally by volunteers. “Nobody gets paid,” she said of the 20 or more volunteers who stock, clerk and do whatever is needed in the […]

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Adani Group’s Mundra Port in India. Shares in Adani Ports and Special Economic Zone are about 27% lower than before last month’s report by US short seller Hindenburg Research © Amit Dave/Reuters Gautam Adani’s ports and logistics company has announced plans to pay off some $605mn of borrowing and cut spending, as the under-fire billionaire rushes to shore up investor confidence. The company, the most widely traded in Adani’s business empire, has been hit by a brutal sell-off triggered by a short-seller report that highlighted Adani Group’s growing debt pile while alleging “brazen” accounting fraud and stock manipulation at the conglomerate, which ranges from logistics to airports and electricity. Adani Group has strenuously denied the allegations, but the ensuing stock market rout knocked more than $110bn off the conglomerate’s market value. Shares in Adani Ports and Special Economic Zone (Apsez) are about 27 per cent lower than before US short seller Hindenburg Research published its report last month. Apsez’s announcement comes a day after the Adani family said it had paid off a $1.1bn loan pledged against company shares about 20 months in advance. “When your shares have fallen 70 per cent that obviously creates pressure,” said Anish Teli, […]

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getty The global economy has been unstable since the onset of the pandemic, impacting many growing businesses. The International Monetary Fund estimates that between 2019 and 2020, global GDP had its worst economic downturn since the Great Depression. It’s been an uphill battle for the markets ever since. Russia’s invasion of Ukraine, which is expected to cost the global economy $2.8 trillion (paywall) in economic output by the end of 2023, has also been a factor limiting business growth. Marketing can be the key that allows a business to scale. According to a Gartner Inc. survey , marketing budgets increased to 9.5% of total company revenue in 2022. That’s more than a 6% jump from 2021 across a variety of industries. Business growth and marketing go hand in hand. You need to make customers aware of your product to help them make a purchasing decision. By standing out from your competitors to build your clientele, you’ll be on a path toward advancing your business. Here are three tips that can enhance your marketing program and help your business grow, even in unsteady economic conditions. 1. Don’t plan blindfolded. There are two things every marketing team needs to understand deeply; […]

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Vlad Rusz is a CPA at Centaur Digital Corp , helping busy business owners efficiently manage their accounting system. getty Bianca started her massage therapy business three years ago after getting her license. She began by offering in-home services to the local area. However, as more referrals poured in, her business gradually grew to encompass larger geographic areas. She decided to pass the travel costs to her clients, but she recently realized she is now paying income tax on her travel costs because she didn’t deduct her travel expenses. (Income is taxed, so if you charge clients for travel expenses instead of deducting those travel expenses, you are in effect paying income tax on your travel expenses.) Like many business owners, Bianca didn’t know how to properly track and deduct her automobile on her tax return. The IRS gives business owners two options for accounting and deducting vehicle-related expenses. You must know which method will be most beneficial and how to accurately track the deductions. The following cover three steps for effective mileage deduction for business owners, plus two common pitfalls and a bonus tax strategy. 1. Track mileage and expenses. The first step in deducting the business use […]

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By Tonika Bruce, CEO of Lead Nicely , who helps startups, nonprofits and leaders WIN with unique & innovative marketing and business strategies! getty The success of any business venture depends on two factors: the goals and metrics for defining that success. One of the goals is customer success, which starts with understanding why and how customer success is critical for growth. Customer success goals might be straightforward, but the real deal lies in metrics. For entrepreneurs already on top of one or more of these CS metrics, monitoring business success will be easy. Here are five customer-focused metrics that reflect the performance and true health of a business: Customer Loyalty Once the business gets off the ground and starts attracting clients, loyalty is arguably one of the most important objectives to focus on. Customer loyalty is reflected in the retention rate. Tracking retention rate will indicate the number of customers that consistently use a company’s product or service over a specified period and—in the case of merchandise—repeat purchases. The actual number of loyal customers can be calculated with this formula: Retention Rate = [Number of customers at the end of a specified period] – [Number of new customers […]

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Jason Miller Helps The Most Influential Brands and Celebrities Create Generational Wealth With Their Business | CEO, Strategic Advisor Board Getty Business leadership is a crucial aspect of any organization’s growth and success. Strong leadership can set the tone for the entire company and be crucial in guiding a business to achieve its goals and objectives. It is more important than ever for business leaders to be adaptable in order to be able to navigate an ever-changing market environment. In this article, I will explore the role of adaptability in business growth leadership, the importance of setting clear objectives and some ways to leverage technology and data to help build and empower your team. Changing Conditions I’ve witnessed how flexible business leaders who capitalize on new opportunities and respond effectively to changing conditions have a greater chance of success in today’s fast-paced environment. For example, companies that have successfully embraced the shift toward e-commerce and digital platforms have been able to capitalize on the growing demand for online products and services. One famous example of a company that has embraced adaptability is Amazon. Founded as an online bookstore in the 1990s, the company has since expanded to become one […]

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getty Do you know every day the profitability of what you do? Are you sometimes unsure whether your product is profitable? Would you like to have a control panel showing you what is happening in your company to help you make the right decisions? We drive a car and regularly check the control panel, yet we manage a company without paying attention to any indicator that shows us what is really happening. So are you driving your company with a blindfold on? After having worked in mentoring programs with many companies from different sectors and countries, I find that, in general, they do not have a control panel or dashboard, and if they do, they make poor use of them. When running a company, you should have some basic indicators that can be analyzed on a daily, weekly and monthly basis, depending on the case. Managing by intuition and without reliable data can lead you far from reality and cause you to take unnecessary risks and experience a loss of profitability and competitiveness. Therefore, you should define these parameters—which must be simple and very practical—to make the next step, which is reading and diagnosing the situation. Once this diagnosis […]

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Bitter battles between Democrats and Republicans are bad for business, a new report says, but there’s little consensus among companies on how to address the problem that they fear won’t change soon. The political environment is likely to be as tough or tougher for business after the 2024 elections regardless of the victors, according to 70% of top lobbyists and legal officers of more than 100 corporations surveyed by the Conference Board, a nonpartisan think tank. Given current schisms, each election carries the risk of reversals of public policies and laws, deepening the difficulty for businesses to make long-range plans. “You can go from ‘Green New Deal’ to Marjorie Taylor Greene,” said Paul Washington, executive director of the Conference Board ESG Center, adding that power can shift quickly from progressives who see climate change as an existential crisis to Republicans like the US representative from Georgia who say there’s no such thing. No consensus on the role business should play to reduce polarization Polarization among policymakers was cited as the leading source of political turbulence for businesses across industries by 89% of those surveyed between Oct. 20 and Nov. 29 at the public and private companies, half of which […]

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