Research Summary. When you’re starting a small business, your first thought is not how quickly you might fail. However, it’s an important statistic to be aware of when you begin any new venture. Understanding how and why businesses typically fail can save you from common mistakes that will help your business thrive. According to statistics: …| Zippia
Most companies use between 1% and 40% of their gross revenue for marketing and advertising services.| Zippia
Do you know the #1 reason small businesses fail? Cash flow. Learn how you can control your cash flow problems.| SCORE
Good customer service has long been vital to keeping businesses strong, and today it’s just as important as ever.| Zippia
Online shopping is easier and more popular than ever, but it can be frustrating to retailers when they’ve successfully gotten their potential customers to their website and are interested in making a purchase, only for them to abandon their cart and not convert.| Zippia
Research Summary. In many ways, customer loyalty is the key to a successful business. When customers trust your brand, not only are they more likely to come back again and again, but they’ll also tell others about their positive experiences. With that in mind, we’ve done our research to find out just how important customer …| Zippia
The average business owned by a woman generates half of the total average annual sales ($4.6M) of those owned by a male ($9.1M). Most female-owned businesses generate a very low level of annual revenue.| LaConte Consulting | Resilient Profit Strategies
Research Summary: Given that small businesses comprise over 99% of all American businesses, it’s important to understand average revenue and profit margins. Whether you’re a self-employed business owner or have a few employees, here are some crucial small business revenue and profit margin facts: The average small business in the US makes $53,000 in revenue. …| Zippia
Unlike other aspects of a business, customer experience (CX) has the power to improve brand loyalty, customer satisfaction, traffic, and sales all at the same time| Zippia
Cloud adoption research summary. The cloud has become a crucial backbone for many U.S. companies. From data storage and databases to servers and networking software, it’s an inexpensive and invaluable tool. To highlight just how important the cloud is, we’ve done our research, which shows that: 94% of enterprises use cloud services. 67% of enterprise …| Zippia