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How To Survive The Loss Of A Main Customer

YoungUpstarts

In the early stages, it isn’t uncommon for businesses to bank their earnings on a handful of customers (or sometimes, just one). This is especially true for startups, which operate on the basis of customer traction to solidify expectations with investors or lending institutions. Losing a major customer will inevitably impact cash flow.

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How to Elevate Your Business to the Next Level

The Startup Magazine

Whether you are trying to increase your revenue or improve your customer satisfaction, taking your business to the next level means looking at all of your strategic opportunities. It could also be improving customer retention. Invest in Employee Development Your team is one of your most valuable assets.

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Machine Learning Is Your Secret Weapon For Customer Acquisition

YoungUpstarts

If you’re looking for a strategy to get ahead when it comes to customer acquisition, machine learning can be your secret weapon. While machine learning does fall under the larger category of artificial intelligence (AI), it’s a bit more specific and can be extremely effective technology to pair with your customer and prospect database.

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Improving Employee Retention To Build A Strong Team

YoungUpstarts

Do you pay attention to your employee retention rate and whether your top employees are happy? If your employees are unhappy and continue to hand in their resignation, it makes it challenging to keep the business moving forward. Continuously hiring new employees is a huge expense for a company.

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How To Sell Customer Experiences Not Customer Service

Duct Tape Marketing

How To Sell Customer Experiences Not Customer Service written by John Jantsch read more at Duct Tape Marketing The Duct Tape Marketing Podcast with Jeannie Walters In this episode of the Duct Tape Marketing Podcast, I had the pleasure of interviewing Jeannie Walters. and the necessity of building a customer-centric culture.

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The Role of Sales Incentives in Boosting Employee Performance

The Startup Magazine

Sales incentives play a critical role in motivating employees. Different types of employee performance incentives can cater to various motivational needs. Incentive programs must align with the company’s objectives and the employees’ desires. Types of Sales Incentives So, what are sales incentives?

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

If you had huge customer growth but just didn’t focus on revenue that’s a different story. And when you’re looking at even earlier-stage companies (as VCs do) you might be even more focused on customer growth than revenue growth. But the customer may be paying me quarterly in arrears (at the end of the quarter).

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