Business Profitability Strategies
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Rescooped by Dr. Rachna Jain from Entrepreunership, eCommerce, Management, Small Business & Work Orientation
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3 Lessons From Shark Tank on How to Make Your Business More Likable

3 Lessons From Shark Tank on How to Make Your Business More Likable | Business Profitability Strategies | Scoop.it
Are you likable? It could be the key to your business becoming more profitable.Get the latest blog articles on business ideas and trends from...

Via ThePinkSalmon
Dr. Rachna Jain's insight:

Likability is an important factor in profitability. People like to do business with people they like.

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3 Ways to Increase Profitability

3 Ways to Increase Profitability | Business Profitability Strategies | Scoop.it
Blog post at Profitable Popularity Blog : Profitability is one of the key performance measures in your small business. Profitability refers to the amount you, the business owner, ret[..]
Dr. Rachna Jain's insight:

This post looks at three ways to increase business profitability.

 

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Rescooped by Dr. Rachna Jain from Professional Business Networking
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The Benefits of Open Business Circles

The Benefits of Open Business Circles | Business Profitability Strategies | Scoop.it

Networking helps expand the publicity and profitability of your business.  It can also help you to obtain business information and skills from leaders at all levels. Typically when we think of networking we think of business partners within our industry, but there are enormous benefits in opening up your business circles outside of your industry. Open business circles gives you an extra set of eyes & ears. You can double your knowledge in less time just by the company you keep.

 

Be receptive to how other industries approach marketing or productivity.  Just because someone is in a different industry than you doesn’t mean you can not learn from their approach or business practices. Collaboration is the new power strategy that successful businesses use to grow. Diversity within and outside of your industry is a huge catalyst to expansion. With a better view of many business tactics you increase your leverage to reach a variety of customers and your ability to deal with out of the box business situations.


Via paulgreen
Dr. Rachna Jain's insight:

The research seems to indicate that people with broad, open social networks reach greater leadership positions because they have access to much more social capital. So building wide ranging personal networks may be the way to go.

 

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