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Operations

945 posts
product licensing deal
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10 Tips for Landing a Product Licensing Deal

When you’ve got a great idea for a product, there’s an important decision to make right up front: Do you want to build a brand new company from the ground up in order to commercialize the product, or do you sign a product licensing deal with a preexisting company that already has the resources in...
social impact profit
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How Startups Can Balance Social Impact and Profit

Professor Henrietta Onwuegbuzie of Lagos Business School claims, “Being purpose-driven helps companies grow faster and make more money.” But what exactly does it mean to be a purpose-driven business, and how can startups balance social impact and profit? StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here Why social impact is...
business grow
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Is Your New Business Ready to Grow? Take These 3 Steps First

If entrepreneurship were juggling, most companies would be one dropped ball away from the act falling apart. Why? Because entrepreneurs add elements into the mix without acknowledging the tipping point. Growing too fast is not about scalability; it's not good for business. Despite this grim reality, companies old and new routinely grapple with the consequences...
Multigenerational Workforces
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How Understanding Multigenerational Workforces Can Make You a Better Leader

Today’s workforce spans five generations: traditionalists, baby boomers and Generations X, Y and Z. Each generation comprises distinctive communication styles, motivations and approaches to work. By understanding each generation’s unique needs and how to support those needs, employers can better adapt to current and emerging generations. Plus, catering to the needs of multigenerational workforces will...
economic crisis
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How Startups Can Survive — and Even Thrive — in an Economic Crisis

Just as the economic effects of the pandemic showed signs of receding, the world has been hit with the prospect of an even more severe inflationary spike due to the Russia-Ukraine conflict and the ensuing sanctions resulting in significant disruption to global trade. Under conditions brought about in response to the COVID-19 pandemic, broken supply...
CEO Excellence
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CEO Excellence: Make Your Team the Star

Excerpted from "CEO EXCELLENCE: The Six Mindsets that Distinguish the Best Leaders from the Rest." Copyright © 2022 by Carolyn Dewar, Scott Keller & Vikram Malhotra. Excerpted with permission by Scribner, a division of Simon & Schuster, Inc.   The 1992 US Men’s Olympic “Dream Team” squad included some of the greatest players in basketball...
remote workforce
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Want Happier Customers? A Remote Workforce Could Be the Answer

Working remotely became a way of life in 2020. It went from a privilege that some had to a necessity for large swathes of the workforce. Research shows that more than half of the American workforce moved to remote work over the past year. But what now? As the world inches toward a form of...
process optimization
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How Process Optimization Cures Employee Burnout

Now more than ever, retaining your top talent matters most. Your employees are the foundation of your business and its future success. For them to stick around and help your business grow, they need processes and systems that don’t overwork them. But if your business is full of inefficient workflows, chances are you’re at risk...
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Professional Employer Organizations: 4 Reasons You Need One

With endless tasks popping up on any average day, entrepreneurial company leaders simply don't have time to do everything. That's why a professional employer organization, or PEO, may help you grow and stay complaint as you grow. A PEO is an outsourcing firm that provides comprehensive human resource and compliance  services to small- and medium-sized...
company crisis
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Tips for Keeping Your Company Grounded During a Crisis

Being a business owner is one of the most challenging and rewarding experiences I’ve ever had the opportunity to embark on. The endless cycle of personal and professional growth and learning makes for a truly life-changing experience. But surviving a global pandemic can quickly become one of the most stressful times of any entrepreneur’s career....
AI for retail
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How to Use AI to Successfully Build and Scale Your Retail Business

Starting a business is no easy task. The commitment and time sacrifice are significant, and the expenditure of capital combined with the stress of managing numerous tasks can be overwhelming. Growing your business can be equally as challenging. In addition to facing operational issues, you also need to take into consideration the management of additional...
AI-First Culture
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Want to Stay Ahead of the Curve? Here Are 4 Ways to Build an AI-First Culture

The artificial intelligence (AI) of today and tomorrow will look very different from the AI from yesteryear. To embrace its limitless opportunities, businesses need to adapt an AI-first culture. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here How to adapt an AI-first culture Looking toward the future It’s 2030. Laura...
diversity
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How Your Startup Can Implement Effective Diversity, Equity and Inclusion Practices

Much of the dialogue about diversity, equity and inclusion (DEI) plans in the media has been focused on established businesses that frankly have the ability to reengineer current strategies, integrate DEI communication into current communication plans, and leverage their organization’s leadership to focus and drive initiatives. Startups and entrepreneurial businesses, however, are most likely starting...
supply chain disruption
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Why the Supply Chain Disruption Is Actually Good for Small Business

When the economy is strong, and the sales are rolling in, there is little incentive for entrepreneurs to come up with any new innovations. It is only when something dramatic like a pandemic hits, and we experience the worldwide supply chain disruption we’ve all had to deal with over the past two years, that we...
increase monthly profits
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Simple Ways Product-Based Businesses Can Increase Monthly Profits

In order to thrive, businesses must have a healthy bottom line. Have you recently taken a long look at your product-based company’s financials and realized that its overall profit is much lower than you expected? Even though your business is making a ton of sales every month, the numbers don’t lie — profits may be...
remote work compliance
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Tips to Help Employers Resolve Remote Work Compliance Challenges

Remote workplaces have offered employees many benefits and revolutionized the way businesses operate. However, there are still many challenges employers face, especially when it comes to compliance in a remote space. The lack of face time with your employees can cause significant concern for company protection, restrictions and limitations on employee coverage and maintaining compliance...
VoIP
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VoIP Phone Systems Keep Entrepreneurs Connected

Entrepreneurs today face numerous challenges, including the effects of COVID-19, a global pandemic. Small businesses, especially, have been tremendously impacted. Missing calls from clients, prospects and the public shouldn’t be one of the challenges you have to face today. Many entrepreneurs have recently decided to switch phone systems – from traditional landline phones to voice...
sustainability
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Easy Ways to Implement Sustainable Business Practices

More and more people are waking up to the negative impacts that business practices can have on the environment. So, there is growing consumer demand for business practices to become more sustainable. Not only can businesses do their bit for the environment by becoming more sustainable, but they can also improve their brand image, generate...
change management
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Change Management Helps Achieve Business Goals

If there is one thing that is true, it is that change is the only constant. According to Gartner, the average organization has implemented about five significant business changes over the last three years. However, only 34% of such changes are deemed a clear success by the organization. It can be hard to cope with...
outsourcing
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4 Reasons to Consider Outsourcing Your Sales Support

Sales representatives are responsible for boosting the company’s profits, and it can be a daunting task. Because of this, sales support takes some of this burden off their backs. Having sales support may not directly improve sales, but it has a positive impact on operations. Additionally, representatives can concentrate on improving their performance. The roles...