Business Mindset

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10 Steps in Becoming an Influential Leader

Over the years, management has changed from ultra-authoritative to a more collaborative style, emphasizing influence. However, nobody becomes an influential leader overnight. To carve influence, you have to put in a substantive amount of time spent learning, re-learning, and even unlearning leadership practices.   The Oxford dictionary defines influence as “the capacity to have an …

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How Are Share Dividends Paid?

Aside from the net and gross profit, investors of large companies look for another calculated metric before putting their money into a company—the dividend yield. The dividend yield lets investors know how much they will receive per year concerning their original investment. A higher yield shows how financially competitive a company is relative to its …

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10 Tips for Establishing a Successful Online Business

There’s no better time than now to start an online business. As we know it, life has now adapted to this new normal of social distancing and staying indoors. With the Coronavirus crisis affecting the whole world, human behaviour has drastically changed towards an online presence instead of a physical one. E-commerce websites are fast …

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The Best Challenger Bank Accounts for Business

A new financial service to aid your business ordeals has come into town. Challenger banks not only offer to store and safely keep your money—they go the extra mile. They are providing individuals with the best services, specializing in the areas that big, established banks neglect. But which one is the perfect fit for you? …

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3 Ways You Can Use the Profit First Approach as a Sole Trader

The mentality of putting your profits first as a business owner may be quite apparent and should be a given, but that’s not the case. In this case, we will also be tackling the Profit First approach as a sole trader. Most business owners still follow the traditional accounting model unknowingly, which is Sales – …

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Profit First For UK Businesses

With job furloughing rates hitting record high due to the past extended Coronavirus lockdown period, it’s time you reconsider the way you earn a living. This global pandemic has been an eye-opener for many of us. We realize just how fragile our economic system is. We also realize how easily one major health crisis can …

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What Metrics Should I Use To Track My Business

Venturing out into the business industry can be quite overwhelming, especially for a neophyte entrepreneur. Its first years tend to become chaotic and messy as you try to weave your way through it. The beginning is where you discover what works for your business and what areas need improvement and looking at what metrics should …

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5 Steps to Balance Selling and Serving Your Customers

Suppose you are growing and managing your own business, especially in the early stage where the business’s team means you. In that case, it can be challenging to balance your focus between hitting your sales targets and serving your customers or clients. Here are 5 Steps to Balance Selling and Serving Your Customers.     …

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How to Create Profit Like Jeff Bezos: Three Things to Do Today

In an unprecedented surge of revenue during the Coronavirus crisis last year, Amazon owner Jeff Bezos is now gaining more attention and attracting more followers. Following the 2020 Q1 release of the retail giant’s earnings, Bezos said in a statement that even with at least 30% revenue increase across all brands, investors should not expect …

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Should My Small Business Use the Flat Rate VAT Scheme?

Before we get on to discussing whether your business should or shouldn’t be on the Flat Rate VAT Scheme, let us first talk about what this scheme is all about. Simply put, the Flat Rate VAT Scheme is a tax scheme designed by the United Kingdom government to simplify the sales and purchase records of …

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