Thu.May 25, 2023

article thumbnail

What’s keeping MDs up at night in 2023 (and how can they rest easy?)

Chaser

While it looks like the UK will avoid a full-on recession this year , the economic environment is uncertain due to interest rates rising to their highest level since 2008 and inflation leading to an increased cost of doing business.

98
article thumbnail

Ideas To Try: Small Business Customer Loyalty Program

Lendio

Many businesses invest a lot of resources into enticing new customers. But how are you keeping those customers coming back for more? Enter the small business customer loyalty program — one of the best ways to drive significant results to your bottom line. Just look at some of the statistics surrounding the power of customer retention: An increase of 5% in customer retention can grow profits by more than 25%. ( HBR ) An estimated 65% of a company’s business comes from repeat customers. ( Invesp )

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is Inflation Slowing Down From Higher Interest Rates?

Due

Many people are wondering if the higher interest rates set by the Federal Reserve are slowing inflation. For nine months straight, the annual inflation rate has been decreasing. However, the Consumer Price Index’s (CPI) data will sometimes show specific sectors experiencing price increases despite a general trend of decreasing inflation. This article will look at what effect the increase in interest rates has had on inflation and what possible negative consequences could be.

75
article thumbnail

Choosing the Right ERP System for a Growing Business

Accounting Department

As a business grows, it's critical that the systems supporting it are capable of supporting that growth. Using dated manual processes, Excel files, or archaic systems to run a business will quickly catch up to any business owner during periods of growth. It can even go as far as hindering growth due to its inaccuracies and inefficiencies.

article thumbnail

Why You Shouldn’t Finance a Car in Retirement?

Due

Owning a car does come with its unique set of privileges. You reserve the liberty to cruise along the highways for long drives with your family. However, if you are already retired, it’s imperative to weigh your financial conditions carefully before investing in a new car. In fact, financing a car during retirement is a bad idea. Unless you have adequate savings stacked off for the purpose, it’s wise to refrain from getting a new car for yourself once you retire.

article thumbnail

How To Hire Interns

Lendio

Hiring an intern can allow your company to tap into fresh talent. However, the process can be complex depending on what your needs are. You will want to create a well-thought-out internship program that benefits not only your organization, but also the interns who will be working for you. Determining how to hire the best interns in your field is important.

More Trending

article thumbnail

B2B Integration Trends to Watch in 2023

Grit

In today’s digital era, B2B integration is crucial in connecting businesses, enabling seamless data exchange, and streamlining processes between trading partners. As technology evolves rapidly, organizations must stay updated with the latest trends in B2B integration to remain competitive. This article explores the best B2B integration trends in 2023 , highlighting their potential benefits and impact on businesses.

article thumbnail

5 Best HVAC Software Options in 2023

NorthOne

Running an HVAC business can be a daunting task, with numerous intricate details requiring your attention and focus. One way to streamline and simplify your work is by using the right software. HVAC software comes packed with features that can minimize most of the repetitive and monotonous tasks of your daily duties, allowing you to focus on the more pressing aspects of your business. 7 Key Features to Look for in HVAC Software When choosing the best HVAC software for your business, it is impor

52
article thumbnail

Running A Business

Lendio

Learn How To Run A Small Business. Running a small business takes hard work, dedication, and strategy from start to finish. Read here to learn more about the process. STEP 1 Stay Legally Compliant From tax obligations to employment rights, it’s important for you to know the small business laws that apply to your organization. Learn more about small business laws.

article thumbnail

17 Best Contractor Advertising Strategies in 2023

NorthOne

As the contractor market continues to evolve, businesses must adapt their advertising strategies to remain competitive. In this article, we’ll discuss the best advertising strategies for contractors in 2023, including both digital and traditional methods. We’ll also explore how to build a strong brand identity, leverage customer testimonials and reviews, network effectively, and measure the success of your advertising efforts.

52
article thumbnail

Navigating The Debt Collection Landscape In Indonesia

MNS Credit Management Group

The main purpose of debt collection in any country is to find an amicable and smooth settlement of dues between a debtor and a creditor. Indonesia is no exception. However, in Indonesia, there are no specific rules regarding debt collection service companies. The rules mainly exist in the Civil Code and other Indonesian regulations. Under Article 1234 of the Civil law Debt is described as a type of agreement where a party is required to provide something or perform an act.

article thumbnail

Exploring Different Types of Ecommerce Integration in 2023

Grit

Integrating e-commerce systems brings many benefits to businesses in the online realm. Companies can optimize their operations, increase productivity, and provide an outstanding customer experience by harmonizing various platforms and applications. This article will examine the advantages of integrating e-commerce systems and how they can empower your business to thrive in the digital landscape.

52
article thumbnail

Cash Conversion Cycle (CCC): Definition, Formula with Examples

Emagia

The cash conversion cycle (CCC ) is a fundamental financial metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash inflows from sales. It serves as a key indicator of a company’s operational efficiency and liquidity management. Businesses can gain valuable insights into their cash flow dynamics, working capital requirements, and financial health.

DSO 52
article thumbnail

Optimize Your BigCommerce Store with Automated Software

Grit

Automation has become a game-changer in e-commerce, and BigCommerce store owners can leverage automated software to enhance their store performance. Businesses can streamline operations, save time, and maximize efficiency by automating various tasks and processes. Let’s find out the benefits of automation in optimizing BigCommerce stores and provide insights on choosing the right automated software.

52
article thumbnail

Creating a Seamless Procure-to-Pay Experience for Enterprise Customers

TreviPay

Enterprise companies have distinct and often complex structures and processes designed to help their business run smoothly. An important process to focus on is how to meet the needs of individuals within targeted buying organizations. This attention is key for these enterprises as they look to reach and retain more enterprise buyers to realize desired business growth.

article thumbnail

Construction SEO: Complete Guide for 2023

NorthOne

In today’s digital age, having a strong online presence is crucial for businesses to thrive. In this comprehensive guide, we will dive into the world of construction SEO and discuss why it matters, how to conduct keyword research, on-page and off-page optimization strategies, and more. By the end, you will have the tools and knowledge necessary to boost your search engine rankings and dominate your industry.