GrowthWheel

Smart IT Systems for Smart Businesses

Smart IT Systems for Smart Businesses

The lack of time to get everything done is a challenge for entrepreneurs. An IT system can support daily operations, make your business more effective than the competition, and increase productivity. How can one determine the right IT system to invest in?

Control Your Bank – How to Get the Credit You Want

Control Your Bank – How to Get the Credit You Want

As an entrepreneur, it is not uncommon to feel as if there is a strained relationship with the bank. However, this does not have to be the case. Banks are in the business of lending money and in reality, the right banker can be your ally. How can entrepreneurs prepare and negotiate to get the necessary line of credit and best terms?

Professional Business Processes – Getting Everyday Procedures to Run Smoothly

Professional Business Processes – Getting Everyday Procedures to Run Smoothly

Entrepreneurs build businesses from the ground up. At some point, the entrepreneur will need to standardize the business procedures to make day to day operations run smoothly. How can an entrepreneur set up the right procedures to run daily operations smoothly? 

Create Meaningful Jobs – And Get Efficient, Happy Employees in Return

Create Meaningful Jobs – And Get Efficient, Happy Employees in Return

There will come a time when you need to hire employees. Employees can make an entrepreneur's life easier during busy times, but can also be a costly liability if they are not working on the right things. How can you craft job description that makes sense for the business as well as the employee?

The Best Customers – How to build a valuable customer portfolio

The Best Customers – How to build a valuable customer portfolio

Choosing the right customer segments is one of the most important decisions an entrepreneur will make. Simply relying on the customers who find you is not enough. It is best to proactively identify and seek out your best customers.

Good Salesmanship - How to Raise Prices

Good Salesmanship - How to Raise Prices

Typically, entrepreneurs are good at producing and delivering their products to customers. However, determining the right price level is often a challenge.When the price starts too low, it can take years of adjustment to find the right level. 

26 Sources of Income

26 Sources of Income

The difference between having a good idea or a good business idea is the business model. For a good business idea, the entrepreneur needs to identify how to make money with a revenue model.

Focus on the Product Portfolio

Focus on the Product Portfolio

With a business idea in mind, an entrepreneur begins to develop their product range or portfolio. A product portfolio generates higher turnover and revenue. Instead of narrowly focusing on a few key products or services, one should keep a broad focus and develop the total product range. 

The Meaning of Life in the Business

The Meaning of Life in the Business

What is the meaning of life in your business? Why did you start the business? What are you passionate about? No matter how busy you are as an entrepreneur, it is crucial to keep the purpose of your business in mind and not lose sight of your passion.