The departure of a valued employee is a reminder to perfect your processes, develop contingency plans and create a culture focused on learning, entrepreneurs say. "People will get bored if they are simply doing the same thing over and over again," notes Jared Atchison of WPForms.
Sales teams can't afford to stagnate as strategies must be regularly tweaked to foster improved results, writes David Brock. "We have to constantly look at innovating and changing -- otherwise, ultimately, what has always worked no longer works," Brock writes.
Top sales representatives are able to drive opportunities and account growth while uncovering the needs of potential buyers, according to a RAIN Group Center for Sales Research study. Meanwhile, time management and the ability to inspire buyers with ideas were determined to be less important sales skills, the study found.
The US has been ranked the world's most competitive economy by the IMD World Competitiveness Center. Brisk economic growth and a culture of scientific and technological innovation helped the US take the top spot from Hong Kong, according to the Swiss group.
Millions of Americans are still struggling financially despite a healthy US economy, according to Federal Reserve data. The data show more than 20% of adults can't pay their monthly bills in full and 4 in 10 adults wouldn't be able to cover a $400 emergency expense without help.
Companies should prepare to automate personal data discovery work while complying with the EU's General Data Protection Regulation ahead of the effective date of May 25, writes Roland Bullivant. If manual investigation and documentation searches aren't sufficient for data discovery, companies should take steps to source external consultants or hire technical tool specialists to assist, Bullivant writes.
Personal credit card debt need not be a prohibitive barrier to aspiring entrepreneurs. Writing from experience, Daniel Wesley outlines tactics to get a handle on your personal finances, including getting tax advice and consolidating debt when doing so is appropriate.
Social media can be a highly effective way to get the word out about your upcoming business events. Niki Lancaster shows how it's done, beginning with identifying the best platform for your purpose and creating an event hashtag.
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