Business strategy is the art and science of creating and implementing plans to achieve your goals and objectives in a competitive environment. However, this is not a one-size-fits-all solution, and there are many common pitfalls that can derail your efforts and waste your resources. This is why having a business strategy mentor can be a…
Trade statistics are essential for understanding the trends, dynamics and impacts of international trade. However, collecting and analyzing business data can be difficult due to a variety of data limitations, such as gaps, inconsistencies, errors, or discrepancies. In this article, you’ll learn some practical strategies for overcoming these data limitations and improving the quality and…
Competition is inevitable in any market, but it can be especially difficult for small businesses facing larger or newer competitors. How do you protect your small business from competitors that perform too well, perform poorly, or innovate too much? Here are some tips to help you stay ahead of the curve and maintain your competitive…
If you run a small business, you may want to create a podcast or blog to share your expertise, attract new customers, and grow your brand. But how do you choose a topic that resonates with your audience and highlights your value? Here are some tips to help you find your niche and create engaging…
Being an entrepreneur can be rewarding, exciting and fulfilling, but it can also be stressful, demanding and tiring. How to balance work and life as an entrepreneur without burning out, losing focus or neglecting personal needs? Here are some tips to help you find a healthy, lasting balance between your professional and personal lives. Set…
Know your fund cycle Your funding cycle determines how much capital you have and how long you have to deploy it. Typically, venture capital funds have a 10-year life cycle, with the first five years dedicated to making new investments and the remaining five years to supporting and exiting existing investments. You should plan the…
Assess the situation The first step in recovering from payment system fraud or cyberattack is to assess the situation and determine the extent, severity, and origin of the incident. You need to determine which part of your payment system was affected, how much data or money was compromised, and who was responsible for the attack….
Finances are one of the most important aspects of running a small business. Whether you need to start, grow or survive, you need to find the resources and terms that suit your financial needs. However, negotiating small business financing can be difficult, especially in a competitive and uncertain market. How can you increase your chances…
Customizing enterprise software to meet your needs is a challenging but rewarding task. Business software is designed to help you manage many aspects of your business, including accounting, marketing, sales, inventory, and customer service. However, not all software solutions fit certain goals, preferences and workflows. Therefore, it may be necessary to modify or enhance the…
Real-Time Payments (RTP) are transactions that are processed and settled within seconds, providing convenience, speed and transparency for both payers and payees. However, deploying RTP can also pose some challenges, including technical, regulatory, and operational issues. In this article, learn how to overcome some of the most common challenges when deploying RTP and reap the…
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