YoungUpstarts

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How To Survive The Loss Of A Main Customer

YoungUpstarts

When it occurs, the consequences can be swift and devastating, wreaking potential havoc on a once steady stream of revenue. In the early stages, it isn’t uncommon for businesses to bank their earnings on a handful of customers (or sometimes, just one). Rarely does a customer call it quits without sending some warning signs.

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Revenue Recognition’s Effect On M&A

YoungUpstarts

There has been a lot of chatter regarding changes in revenue recognition criteria lately, but the effects it will have on the evaluation of companies planning an exit is just beginning to emerge. Specifically, the new standard will follow a five step model for revenue recognition: Identify the contract (the deal that has been reached).

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Efficient Methods For Boosting Startup Revenue

YoungUpstarts

Though you may not have much to work with now, if your startup is to succeed, you must work consistently at finding and executing plans to increase your revenue. If you have a steady flow of customers but would like to take your business to the next level, it may require you to offer your target audience something new to get excited about.

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4 Tips To Help You Increase Customer Loyalty

YoungUpstarts

What Makes a Loyal Customer? Customer loyalty is something that businesses have been after for decades. Today’s customers – particularly younger consumers – are less brand loyal and tend to switch between brands they see as “basically the same.” 4 Tips for Increasing Customer Loyalty. Gather Feedback.

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4 Reasons A Diverse Sales Team Will Boost Revenue

YoungUpstarts

In working with them, we have identified the top 4 reasons a diverse sales team will boost revenue this quarter: 1. Connect Better with Customers. The same study cites a cloud-based software company would have had $2 million more in revenue if they met their hiring goals for sales reps.

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Customer Success: The Secret Ingredient For Engagement 

YoungUpstarts

by Robbie Kellman Baxter, author of “ The Membership Economy: Find Your Super Users, Master the Forever Transaction, and Build Recurring Revenue “ In today’s competitive market, customer engagement (or lack thereof) could determine whether your company sinks or swims. Don’t confuse this with Customer Service.

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Evolving Customer Needs – Not Technology – Drives Disruption And Innovation

YoungUpstarts

by Suman Sarkar, author of “ Customer-Driven Disruption: Five Strategies to Stay Ahead of the Curve “ The rise of the smartphone, fast fashion, and ride-sharing. Disruption is, in fact, driven by changing customer needs – and that only those companies that truly understand their customers can succeed.