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Business - Build, Expand & Manage Your Company - Page 14

The leading destination for smart management thinking, Marx Communications offers you a real solution to the challenges you face as an entrepreneur, including tips, strategies, tools and news to help build, grow and manage your business. Start making smart decisions and create the future of your business!

COPYRIGHT_MARX: Published on https://marxcommunications.com/business/page-14/ by Keith Peterson on 2022-05-02T12:00:54.084Z

  • What Is Annual Recurring Revenue (ARR)?

    What Is Annual Recurring Revenue (ARR)?

    SaaS business metrics such as annual recurring revenue (ARR) demonstrate how much money you may anticipate from annual subscriptions. Similarly, ARR is the annualized equivalent of MRR, which represents calendar-year revenues.

  • Who Are The Decision-makers In A Company?

    Who Are The Decision-makers In A Company?

    These decision-makers try to discover the finest solutions for their firm to promote development and overall success. In this article, we explain who decision-makers are in a company and why they're important, the three types of decision-makers and the steps they take to make the best business choices.

  • Tips You Need To Know To Make Your Business Really Take Off

    Tips You Need To Know To Make Your Business Really Take Off

    Starting a new business is fraught with difficulties, but there are a few things you can do to tilt the odds in your favor.

  • Subscription Business Model- What Is It And How It Works?

    Subscription Business Model- What Is It And How It Works?

    A subscription business model is a recurring revenue strategy that allows you to capitalize on your client relationships to generate a consistent stream of money. Customers are charged on a monthly or annual basis for a product or service, and they have the option of renewing their subscription after a set length of time.

  • Why Working "On" Rather Than "In" The Business Is The Most Effective Way For Business Growth

    Why Working "On" Rather Than "In" The Business Is The Most Effective Way For Business Growth

    The ability to delegate tasks and let go of control may be essential for business growth. It also entails teaching your staff how to take on bigger and more important responsibilities. It's easy to say, but hard to do for many entrepreneurs who see their business as their child.

  • Productizing A Bespoke Service To Grow Your Business

    Productizing A Bespoke Service To Grow Your Business

    Under these circumstances, productizing your services can be the best way to grow. You can serve more clients than you can when you make bespoke packages, and you can also charge more than you can when you make bespoke packages.

  • An Entrepreneur's Greatest Fear Is Embodied In These Five Words Or Less

    An Entrepreneur's Greatest Fear Is Embodied In These Five Words Or Less

    Losing important clients or running out of money are two of the most common causes of entrepreneur anxiety. The ability to persist in the face of fear is what defines courage for entrepreneurs, not the absence of it. Fears like these are based on solid facts— according to research, 75% of new businesses fail within ten years.

  • Definition, Strategy, And Examples Of Price Skimming

    Definition, Strategy, And Examples Of Price Skimming

    Price discrimination may be a kind of price skimming. New products are initially offered at exorbitant prices to entice "early adopters" into purchasing them. This is done to maximize profit. By selling the goods to a wider variety of customers, the price is gradually reduced to maximize profit.

  • What Role Does Burn Rate Play In A Company's Sustainability?

    What Role Does Burn Rate Play In A Company's Sustainability?

    The burn rate is a measure of how quickly a new business burns through its initial investment before it begins to generate any revenue. The amount of money a company spends each month is used to calculate the burn rate.

  • The Ultimate Guide To Crisis Management For Every Business

    The Ultimate Guide To Crisis Management For Every Business

    Applying tactics to assist an organization cope with a sudden and major bad incident is known as "crisis management." Any incident that was before thought to be Aa possible concern might now turn into a crisis due to some unexpected occurrence or its unanticipated impact.

  • The Basics of Illinois State Laws for Businesses

    The Basics of Illinois State Laws for Businesses

    Businesses in Illinois are regulated at state and federal levels. People regard federal laws for environmental protection, employee rights, securities, taxes, and other matters. On the other hand, many of these matters are also addressed in state laws. For example, Illinois is among the many states that impose non-compete agreements with employees, while other states find them unenforceable.

  • What Is Sales Revenue? What It Is & How To Calculate It

    What Is Sales Revenue? What It Is & How To Calculate It

    Sales Revenue, or simply "Sales," is the principal source of cash for merchandising and manufacturing businesses. It is derived from the sale of commodities to clients.

  • Prestige Pricing Guide- Examples, Strategy, And Definition

    Prestige Pricing Guide- Examples, Strategy, And Definition

    Prestige Pricing is a pricing approach in which prices are set at a high level, acknowledging that lower prices may restrict rather than promote sales and that customers will link a high price for the product with greater quality.

  • How Does Dynamic Pricing Work?

    How Does Dynamic Pricing Work?

    One of the most intriguing concepts to hit the eCommerce business in recent years is dynamic pricing. It's not a wholly new or unheard of idea in the business world. eCommerce tendencies are more to blame for its rapid growth, however. In light of this, there are a few things you should be aware of in order to better comprehend this notion.

  • How Does Calculating Revenue Work

    How Does Calculating Revenue Work

    Even though revenue is the most basic statistic for any business, it is rarely fully grasped. To begin, there are numerous sources of income. Second, as your company grows, so does the difficulty of tracking and calculating it. Third, you need to know what to do with the results once you've calculated them.

  • What Is Tiered Pricing And How Can It Be Used?

    What Is Tiered Pricing And How Can It Be Used?

    Segmenting products and services into price ranges based on target markets is done using tier pricing. Businesses use a pricing strategy known as "tiered pricing" to give customers a choice of products or services, each with a different price point.

  • The Ultimate Guide To SaaS Fees

    The Ultimate Guide To SaaS Fees

    Your SaaS business will succeed or fail if you find the right balance between value and revenue - the ability to help customers and be fairly compensated for that help - A business that charges too little or too much is doomed to fail due to the unavoidable development and delivery costs that come with charging too little or charging too much.

  • Different Ways To End An Email-With Closing Email Phrases Examples

    Different Ways To End An Email-With Closing Email Phrases Examples

    Ending your email correspondence in a professional manner is essential if you are sending an email for work or business purposes. In order to make it easy for the recipient to get in touch with you, make sure to include an appropriate closing and an email signature with your contact information. Because email is the primary method of business communication, it's critical that you write and format your emails with the same care as a printed letter.

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    About The Authors

    Keith Peterson

    Keith Peterson - I'm an expert IT marketing professional with over 10 years of experience in various Digital Marketing channels such as SEO (search engine optimization), SEM (search engine marketing), SMO (social media optimization), ORM (online reputation management), PPC (Google Adwords, Bing Adwords), Lead Generation, Adwords campaign management, Blogging (Corporate and Personal), and so on. Web development and design are unquestionably another of my passions. In fast-paced, high-pressure environments, I excel as an SEO Executive, SEO Analyst, SR SEO Analyst, team leader, and digital marketing strategist, efficiently managing multiple projects, prioritizing and meeting tight deadlines, analyzing and solving problems.