Staying ahead of the competition can be a tall order. But it is a must
if you plan to be the best in your field. Staying ahead of your
competition takes work, but it’s easier with a few tips from our
roundtable of experts. We asked them a few questions.
Identifying sales leads, nurturing relationships and turning leads into
paying customers takes a huge amount of money, time and energy. It may
seem like a lot of work but in today’s extremely competitive economy,
you really need to put in a lot of thought and effort into your business
building practices if you want your business to grow and flourish.
Canned interview questions are basically useless, especially if you are
looking to find the right hires to fill key positions in fast-paced
business environments. Cookie cutter questions may work for larger companies that value conformity over creativity, but not for entrepreneurial startup ventures.
According to the SBA, there were about 28 million small businesses in the country in 2010. However, only 50% of new businesses will survive for 5 years and a mere third are expected to remain in operation for more than 10 years. Consider these stats when starting a business and you may improve your chances of raising enough capital to set the wheels in motion.