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Showing posts from December, 2017

Importance of Sales in Business

S ales are the department that generates revenue in a business. It brings in money – the lifeblood of any new company. Role of sale in a business is defined as the ‘ability to manage your company’s business relationships with a portfolio. A Strategy is a plan or action designed to achieve a particular goal. One way to develop its strategies is to write down the risks/obstacles that you see in achieving your goals. Write down some ideas on how you can overcome them.  These include internal and external factors. Any successful business leader will testify to the fact that it is the lifeblood of any business. The number of sales you make is probably one of the best indicators as to how your business is going.  If you run a business, it is vital that you run regular sales training for your staff. If you do not, you may not be making as much money as you can. When it increases, think about why this is. Also us...

Role Played by Accounting and Financing in Business

A ccounting and financing plays an important role in a business management. Finance is at the heart of every business so there are a variety of exciting roles available. Financial accounting is to summarize financial activity for profit and loss statement, balance sheet and cash flow statement. The finance department manages all cash flow into and out of a business. The role of the accounting department includes keeping an eye on opportunities to save money. Duty of the accounting department is to account for and track receivables, including outstanding invoices and any required collection actions. Accounts receivable is the money that a company has a right to receive. Because it had provided customers with goods and services. Accounting  records and bookkeeping are the basis of your business’s financial accounting. Read More

Customer Experience and Service in a Business

B usiness profit runs parallel with the customer satisfaction. Sound simple, but the answer is “Yes”. Higher customer satisfaction leads to repeat business and future recommendations, which in turn have bottom line impact. Without satisfied employees, there is no customer satisfaction. Employee morale, productivity and loyalty leads to happy customers. Customers interact with companies through multiple touch points. It may be via phone, via email, websites, social media channels, or in-store. You need to unify your channels to ensure consistency in customer service and communication. Customer Service is the fastest and most cost-efficient way to support your customers. It is the process of ensuring  customer  satisfaction with a product or  service . If you deal with customers on a daily basis, be sure to stay patient when they come to you stumped and frustrated. But also be sure to take the time to truly figure out what they want. There are different types of cus...

Recruit the Right Talent for Business Success

H ow do you recruit and hire in such a challenging environment of business? Top talent will move quickly, because it is in high demand. Be ahead of the curve by investigating ways to speed up your hiring process while still demanding high-quality candidates reach a high standard. Sometimes the best way to attract a candidate to your organization is to show off the people he or she will join there. You can also use your current employees as a recruiting tool by sharing their positive reference with prospective candidates. Strong workforce is a key to the  success  of any  business . Increased hiring usually means there is optimism about a company’s future, and that’s a great sign. Recruiters and managers want the flexibility to tailor processes without adding complexity. A user experience that is truly intuitive for recruiters and hiring managers saves time and allows them to focus on candidates, not tasks. You have to be very careful with your decisions ...