Social Objectives of a Business: What They Are and Why They’re Important
In 1970, American economist and statistician Milton Friedman wrote a groundbreaking essay in the New York Times on the purpose of business. In it, he states that “There is one and only one social responsibility of [..]
read more
Customer Retention in the Culinary and Restaurant Industry
The culinary industry is an evolving and fiercely competitive field. With a multitude of restaurants, cafes, and food establishments, it’s crucial for businesses not only to attract customers but also to [..]
read more
What is a Business Model? Types, Examples, and Components
Understanding the concept of a business model is crucial for entrepreneurs, business students, and professionals. A business model defines how a company creates, delivers, and captures value. It acts as a [..]
read more
Supervisor Problem Solving: Steps to Improving This Vital Skill
As all leaders are, supervisors are frequently confronted with challenges that test their problem-solving skills. These skills are not just a part of the job; they are the essence of effective leadership and [..]
read more
Primary and Secondary Target Markets: Definitions, Differences and Examples
As an entrepreneur, understanding your target market is essential and paramount to building a successful business or startup venture. For you to succeed, you will need to effectively identify and reach out to your primary [..]
read more
Who Is Shark Tank Guest Alli Webb?
Shark Tank has had some notable guest sharks visit the tank. From celebrity athletes like Charles Barkley and Alex Rodriguez to billionaires like Richard Branson and Sara Blakely. However, some viewers may not have heard of [..]
read more
10 Companies That Started Small and Made It Big
One of the most exciting things about starting a business is not knowing just how big your venture will get. You may have to start with just yourself and a laptop but you could grow into having an office space and [..]
read more
5 Target Markets for a Clothing Business
Starting a clothing line is an exciting but sometimes challenging ride. Not only do you need to create unique and comfortable clothing and styles, but you also need to find customers who want to pay for your [..]
read more
10 Qualities of a Good Supervisor
Every workplace strives towards an environment that is comfortable and beneficial to all. From accommodating employees and management, to satisfying clients and customers. This inclusive atmosphere is formed through [..]
read more
7 Personal Goals for Starting a Business
There are many business goals you should set when starting a business. However, you should also set meaningful personal goals for entrepreneurship. Personal goals for entrepreneurship are impactful goals that [..]
read more