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The Top Nine Challenges Of Growing an Entrepreneurial Business And How To Tackle Them

YoungUpstarts

The 54 companies in the study operated product and service businesses, had been in business on average 9.6 Some of them, such as Eyebobs in Minneapolis, Trilogy Health Services in Kentucky, Defender Direct in Indianapolis, SecureWorks in Atlanta, and Mellace Family Brands in California, were well-known companies. Managing cash flow.

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3 IT Bottlenecks You Can Start Tackling Today

YoungUpstarts

Process bottlenecks can result in stressed employees, wasted time, unhappy clients or customers, and lost revenue due to low-quality outputs. Administrators are typically tasked with gathering information from or for employees, customers, clients, patients, or the like. And if it isn’t collected efficiently (i.e.,

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Eight Ways To Fight Entrepreneurial Fires And Constantly Improve In The Process

YoungUpstarts

Always prepared to rush in and extinguish a customer’s complaint, a lost order, a disagreement between employees, or whatever the day’s blaze seems to be. I learned this lesson from Dave Lindsey, a successful entrepreneur and founder of Defender Direct in Indianapolis. It’s also bad for your high-performing employees’ morale.

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Economic Moats: Who Has Them? And How Do You Get One?

ConversionXL

Takeaway : Customer data should improve the user experience, not make it tougher for people to leave. Federal Communications Commission rolled out Wireless Local Number Portability , cell phone service providers retained customers with high switching costs. Customer data. Facebook has built its moat with customer data.