Business

Finding reliable suppliers keeps your B2B business running smoothly. It ensures you get quality products, competitive pricing and on-time deliveries. The right partner can help you scale efficiently and build a strong reputation, but sourcing qualified leads isn’t always easy. Without a strategic approach, you risk supply chain delays or partnerships that do more harm than good. Knowing where to look, how to evaluate leads and how to convert them into long-term partners keeps your company on track.

The gig economy has grown exponentially in recent years, revolutionizing how companies approach staffing and workforce management. Characterized by freelance and short-term contracts, this dynamic workforce model offers flexibility, cost-efficiency and access to specialized skills.

Understanding how to harness the gig economy can give businesses a competitive edge. Here are 10 strategies for effectively integrating gig workers into their operations.

Small-business owners and freelancers are often one-person operations or have limited staff. They may rely on a single big client for most of their revenue. Unfortunately, even long-term relationships can change on a dime, and you might lose your biggest customer.

In forums across the internet, entrepreneurs lament a sudden loss of their income. Their longtime client hires a new manager and they cut ties, someone goes out of business, a customer dies or they outsource to another country or even move operations in-house. 

Things may seem bleak, but there are ways to recover and thrive after losing your biggest customer.

With the rapid advancement of digital transformation and innovation, IT departments face growing demands to support more complex infrastructures, enhance cybersecurity and keep operations running smoothly. As businesses increasingly adopt technologies like cloud computing, artificial intelligence and data analytics, IT teams can do more than maintain systems — they need to drive efficiency and innovation.

Governance models determine how an organization’s leaders interact with others at a business and clarify parties’ responsibilities. Although it is increasingly common for companies to have single models affecting all activities, establishing these frameworks for specific goals or priorities is another option.

4 Common Types of Governance Models

Before exploring how governance models keep companies compliant and employees accountable for their actions, let’s look at some of the most common types. Learning about them can make it easier to decide which one to use.

Many small-business owners are considering how cloud computing could help them strengthen their internal operations, reach new customers and more. What are some specific advantages of adopting such technologies? 

Increased Efficiency

Cloud products allow business owners to handle key parts of their operations more efficiently.  Whether someone needs to update a client list or find a specific document, cloud computing tools let them do so in minutes.

Mergers and acquisitions (M&As) can be a beneficial but challenging undertaking in any industry. Even after months of careful planning, businesses must monitor their M&A’s success to determine any necessary strategy changes in the future. That’s not always as easy as it seems, especially in the digital content industry.

Do you offer a product or service that would work well with monthly recurring billing? Subscription boxes and ongoing relationships both can be quite profitable for small businesses. However, there are some things you need to know before you take on this type of client relationship.

What Are the Types of Monthly Subscriptions?

Subscrybe recently reported the subscription economy will hit $274 billion this year, or increase by 23% between 2021 and 2022. If you’ve been thinking about jumping into this business model, now is the perfect time with so much growth.

We are currently in the midst of the Fourth Industrial Revolution (4IR), which includes the data and technology used to link people and machines globally. 4IR includes everything from artificial intelligence (AI) to 5G to smart infrastructure.

In a study by the Center for Sustainable Development, Southern Santa Caterina, Brazil, scientists took an in-depth look at how COVID-19 ushered in the 4IR faster than expected. With more people forced to work from home, businesses had to embrace technologies they'd not yet considered. Advances in healthcare saw some of the biggest changes, including telemedicine.