Shaped like a funnel to illustrate the journey from a wide mass of prospects to a select few actual customers, a sales funnel communicates to your team your business’s sales strategy. We’ve gathered a few examples and constructed a guide to creating your own sales funnel template.| Forbes Advisor
It often takes five to 20 times the amount of resources for businesses to obtain a new customer than to retain an existing one. Despite this, customer retention often gets ignored in favor of plans geared solely towards brand-new shoppers. While casting a wide net works well for fishing, one-time cl| Forbes Advisor
Voice-over-internet-protocol (VoIP) (VoIP) is an affordable, modern alternative to more traditional landline phone systems. Service providers often include add-ons and integrations that elevate day-to-day operations in a manner that landlines simply can’t. In this VoIP phone installation guide, you'| Forbes Advisor
Traditional organizational configurations often consist of a hierarchical structure, with a top-down approach to management and each department tackling a specific area. While this approach has its benefits, it can also result in unanticipated inefficiencies and a silo approach to conducting busines| Forbes Advisor
A SWOT analysis is a framework used in a business’s strategic planning to evaluate its competitive positioning in the marketplace. The analysis looks at four key characteristics that are typically used to compare how competitive the business can be within its industry. A proper SWOT analysis can giv| Forbes Advisor
For merchants, it can be almost impossible to run a business without taking credit cards. However, the fees from these transactions can eat into profits, making it hard for some merchants with a small spread to stay afloat. The average credit card processing fee ranges between 1.5% and 3.5%. Just wh| Forbes Advisor
A Kanban board is a tool that provides a visual system for teams to manage project tasks, workflows and communication. Kanban boards can help streamline assignments and avoid overload since project managers can reference exactly where each step in the process currently resides quickly. History of| Forbes Advisor