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Running a successful business

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Whether you own a small business with few employees or a large corporation with hundreds of employees, there are tools you must have to make your business successful.  Sometimes these tools are not the obvious, like a computer or fax machine.  There are programs you can buy online to help track your data and give you reports on every aspect of your business. Hiring a consultant or having the business knowledge will help  get a higher return on investment.   

A business is for profit.  I know no one who is in business to break even.  I say this all the time.  You want a return on your investment whether it be for the product or service itself, or advertising.  You want to know what money you spend brings you the highest return on your investment.  You may want to try embedded biEmbedded business intelligence (as opposed to embedded software, which is firmware intended for specific hardware) is information technology in the form of reports, dashboards and visualizations that is integrated into the application for which it provides reporting. The benefits of embedding BI include:
  • faster application time to market compared with a custom, in house solution
  • greater usability for application users who have reporting right inside their application, and
  • more robust features, since it is created by application developers who specialize in business intelligence
 Now, I know all of this may sound strange or you do not understand the terminology, but you have a proven business sense.  This is when you need a consultant to help you through the ins and outs of your business ventures.  A consultant can tell you exactly what you need and how to get there.  Their success is your success, so that is the motivation.

While everyone is wanting to start a new business, only those with the correct tools to help their business thrive and grow will be successful and yes, profitable.  You need to know how to get and keep customers.  Most returning customers spend more money each time they visit your business,whether it be online or a brick and mortar store, Or, perhaps, you have both.  

The bottom line of any business is profit.  To get the highest profit you need business tools, both tangible and intangible.  You may have the best computer in the world fr your business, but knowing what data you need to access for a higher profit margin is not something you can buy.
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