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Where is your main source of business, new or existing customer

Starting a new business or growing an existing one is no easy feat. One of the most crucial aspects of running any successful company is understanding where your main source of business comes from. Is it from loyal, repeat customers who swear by your products/services? Or are you constantly on the lookout for fresh faces to bring in revenue? In this article, we'll dive into the importance of identifying your primary customer base and provide tips on how to do so effectively.

Components of Brand Loyalty

Management Skills and Strategies for Personal Improvement

Improve your self-management skills and become more effective in your workplace by learning how to: get into and stay in the flow of work, meet deadlines and deadlines flexibly, manage your time effectively and prioritize activities effectively, engage positively with others. Maximising personal development within the workplace is crucial to being a great employee. Fortunately, there are plenty of different ways you can improve your skills, whether that's by learning new languages or getting involved in corporate volunteering. For leaders and managers, people development is all about filling knowledge-gaps and enhancing existing skills, or developing new ones. But it’s more than just a lightbulb moment. A critical aspect of developing people is adopting a growth mindset, which teaches you that in order to grow, you need to develop yourself. By focusing on the personal development needs of your employees and gaining an understanding of how to best serve them, companies are not only better placed to function well in the long term but also create highly engaged teams who believe in their company's purpose and aim to achieve it.

Uber versus Netflix- Compare the new market-entry strategies.

The best way to value a company is by how many enemies it makes. The more enemies and the more powerful they are, the higher the price they will command. Uber and Netflix are quickly nearing all-out war with each other. Today, Uber is fighting off a global alliance that's banding together to take it down, while Netflix is fighting another global alliance that's also trying to take it down. This is the new way of business in today's world of truly worldwide technology competition -- and if $62 billion-valued Uber and $45 billion-valued Netflix are the 800-lb. gorillas in their respective rooms, there are a bunch of smaller monkeys trying to fight back.

The trend of early retirement in the young generation

Fire is the trend of many young people in recent years. Their goal is to become financially independent and retire early. A FIRE lifestyle, however, is not as simple or easy as it sounds. There are many factors that your retirement plan should consider before retiring and reaching this goal. Early retirement is not only a significant financial decision but also bears long-term consequences on your life.

Difficulty in building a well-recognized brand name

Building an exceptional brand is not as simple as it seems. There are thousands upon thousands of upstarts claiming to be the newest brand on the block, but achieving excellence is in no way a matter of finding the next hottest trend. Indeed, it requires both determined effort and tactical customization to create something memorable.