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Strategic Management and Productivity

Digital Editor on November 21, 2022

Strategic Management and Productivity

In the modern competitive market, organizations need to be efficient and effective to have a competitive edge over their rivals. Many companies use various approaches that promise increased productivity and improved efficiency to accomplish this. These approaches include new methods designed to increase efficiency and reduce the costs associated with waste production. One such method is strategic management and organizational productivity. This article will examine how strategic management can produce more effective results by increasing productivity at different levels of operations.

Strategic Management and Productivity

Strategic Management

Strategic management is a process wherein organizations use techniques to give their operations an advantage over their rivals. It can only be accomplished if the strategic plan developed under this method considers all aspects of an organization and how it functions. Strategic management involves the development of a strategic plan for an organization (or multiple organizations) that will serve as a guideline for the future growth and development of the organization (or organizations). Strategic management aims to produce more effective results from the same or a lesser amount of resources than what is currently being utilized. Raphael Avraham Sternberg stated that strategic management is an approach that says that it is the responsibility of a company’s senior management to plan and execute the course of action that will bring long-term value to the company.

Organizational Productivity

Productivity can be described as a ratio used to describe how much output has been produced from how many inputs are used – it is mainly applied to manufacturing sectors or businesses that make products. Organizational productivity involves calculating productivity levels in an organization and then comparing them with those of other organizations within the same industry. Sternberg also defined organizational productivity as the output produced with the same input level. This type of measurement could be used to compare the effectiveness at which an organization is operating and its efficiency – this means that it will help to determine whether its operations are efficient and how much output (or product) it can produce from a given amount of resources.

For an organization to effectively utilize the results of strategic management, there must be integrity in executing both strategic thought and implementation; each component must be kept at an optimum level. A company must have a clear idea about what will produce the desired results and how these results can be achieved through specific processes or procedures within its operations. Strategic management is only fruitful if executed effectively and efficiently – this means that it should be carried out without error or deviation from the initial plan. It also means that results must be obtained promptly and with maximum output using minimum input; otherwise, a strategic plan could cost the company more resources than expected.

In conclusion, Raphael Avraham Sternberg believes that strategic planning and execution are essential to achieving successful strategic management and organizational productivity. For an organization to reap the benefits that strategic management can provide, it must first develop its plan – this will include laying out a clear idea of its goals and how it will achieve them. The next step is to implement this plan by following the methods detailed in the program; in addition, changes must be made to the project if necessary. Strategic management will only be effective if it is carried out effectively; a company should ensure no deviations from the plan at any point during its execution.

Steps to Small Business Success

Digital Editor on November 16, 2022

Steps to Small Business Success

Raphael Avraham Sternberg: Steps to Small Business Success

There are a lot of different factors that go into making a small business successful. Raphael Avraham Sternberg is an entrepreneur and business consultant with a lot of experience helping small businesses get off the ground. Sternberg shares his top tips for ensuring small business success.

Research

1. Do your research: Before starting any business, it’s essential to research and understand the industry you’re entering. This will help you create a solid business plan and make informed decisions.

2. Know your target market: It’s essential to know who your target market is and what needs they have that your business can fill. This will help you create a marketing strategy that resonates with your audience and drives sales.

Networking

Small business success requires a strong network. Connecting with other businesses and professionals creates opportunities for your business to grow. Here are three tips for building a strong network:

1. Get involved in your industry’s association or trade organization. This is a great way to meet other business owners and learn about the latest industry news.

2. Attend networking events. Attend local Chamber of Commerce mixers, Toastmasters meetings, or other events where business owners gather.

Time Management

To be successful, small business owners need to have good time management skills. These skills are necessary for getting things done and meeting deadlines to be manageable.

There are a few key things that small business owners should keep in mind when it comes to time management:

1. Make a schedule and stick to it – Having a set schedule will help ensure that you can get everything that needs to be done. Try to stick to your plan as much as possible, but be flexible if something arises.

2. Don’t procrastinate – Putting off tasks will only make them harder to complete and can lead to missed deadlines. If you procrastinate, try breaking the task into smaller parts to be more manageable.

Marketing

Raphael Sternberg is a serial entrepreneur who has started and sold several businesses. In this blog article, he outlines the steps that he believes are necessary for small business success.

1. Define your target market: Who are your potential customers? What needs do they have that your product or service can address? How will you reach them?

2. Develop a marketing plan: Once you know your target market, you need to develop a plan for reaching them. This should include strategies for online and offline marketing and a budget.

3. Get organized: Have systems to track your sales, expenses, and progress toward your goals. This will assist you in staying on track and adjusting your plan as needed.

ConclusionRaphael Avraham Sternberg believes that if you want your small business to be successful, there are certain steps that you need to take. These include having a clear vision for your business, being passionate about what you do, and being willing to work hard. It would help if you were organized and had a good marketing strategy. Lastly, it would help if you believed in yourself and your business. If you follow these steps, you will be well on your way to success.

Enroll To Become A Nurse Health Coach

Misti Gerold on November 16, 2022

The nursing profession is one of the most demanding. It requires a lot of schooling, training, and sacrifice. The hours are long and the work is difficult. You need to be constantly running around on your feet tending to other people’s needs. There’s little time for yourself. Needless to say, it’s a career choice that requires a lot of passion and patience. Are you finding it difficult to maintain that level of passion you once had? Are you looking for a change? If so, it might be time to start looking at your options. Luckily, as a nurse, you will always be in demand. There is always a demand for nurses in various specialties. One of the specialties you might want to look into is nurse coaching. There are plenty of reasons to consider getting into becoming a nurse health coach.

What Is A Nurse Health Coach?

A nurse health coach is a nursing specialization where you would take a results-based approach with patients to help them reach their health goals. It’s a specialization and you can get certified by taking a credentialed certification program.

Why Get Into Nurse Health Coaching?

1. You Get To Work When You Want And How You Want

One of the things that are driving a lot of nurses away from the profession is the inability to work how you want and when you want. A nurse is typically forced to work long shifts with weird hours. This is something that can cause physical burnout. Along with this, they are forced to interact with patients according to the rules and regulations of the hospital or practice. When you are a nurse health coach, you don’t have these same rules that define how you can work. Instead, you run the show. You get to be in charge of how you interact with your patients. It gives you the chance to be your boss. This means that you can set your schedule to work with your schedule. This can free up time that you can spend with your loved ones. It can also ensure that you are getting a good work/life balance that you typically wouldn’t get as a traditional nurse. As a traditional nurse, you have limited control over your schedule.

2. You Get To Make a Difference

This is a big one for anyone that is looking to get out of traditional nursing because they’ve lost their passion. It’s not that you lost your passion for helping others. It’s much more likely that you ended up losing your passion because you realized that you weren’t making as much of a difference as you wanted. As a nurse working in a hospital or elsewhere, you generally don’t get to choose how to care for your patients and you have no say in what’s to be done. Instead, you are forced to manage their symptoms and keep them moving. When you are in control over your practice, you get to make a difference in your patients’ lives. It’s a great way to get yourself in the center of things so you can actively help your patients truly get better. Not only that, but you get to break the mold of the traditional healthcare model. The health care system is broken. By becoming a holistic nurse, you get to change all of that.

3. You Get To Learn More

As a nurse, you need to be constantly learning. This is true whether you are a traditional nurse or a holistic nurse. When you step outside of traditional nursing, you will step into an unknown world where you get to learn even more. This will help you become a better nurse whether you decide to get into full-time holistic nursing or not. It’s also going to help you learn more about yourself. This can help you grow as a person and as a nurse. As a medical professional, you always want to stay learning. Becoming a board-certified nurse health coach is just another learning opportunity to make yourself better.

4. Plenty Of Options

As a nurse coach, you will have plenty of options. You could always start your practice. This will allow you to be in complete control over your practice. However, you could also do other things. You could work in a hospital setting if that’s what you like. A lot of hospitals are looking towards nurse coaching to help their patients and reduce costs. You can also work in a clinic or elsewhere. There are a lot of options available once you get your board certification in professional nurse coaching.

If you are a nurse that is sick of the modern system, it’s time for a change. You aren’t alone. When you join us at The Nurse Coach Collective, you are joining an entire community of nurses looking to change the system for the better!

Vancouver: The Golden City of the Northwest

Article Editor on November 10, 2022

Vancouver, WA, is rapidly emerging as a highly livable city in the US. As bigger cities become expensive and overcrowded, Americans are slowly turning their attention towards smaller, more manageable cities. These smaller cities offer lower rents, a stronger community, and affordable sources of entertainment, while maintaining the services that people are accustomed to.

In 2021, SmartAsset analyzed 500 large cities and three cities in Washington state have emerged as leaders, one of which is none other than Vancouver. In the past year, its population has increased by 5% and alongside the hike in population, the GDP has grown by more than 6%. As individuals, families, and businesses gradually make their way toward Vancouver, there is also an increased need for housing and commercial infrastructure.

Catering to this need is a long-time Vancouver resident, Ryan Hurley. Hurley is the founder and CEO of Hurley Development, a development and infrastructure firm. Hurley started his company with a focus on playing an active role in the development of his community. He grew up in Vancouver and attributes much of his success to the golden city of the northwest. Through Hurley’s unwavering commitment and passion, his company has become one of the premier commercial real estate companies in the region. More importantly, the company continues to play an active role in the development of the city.

According to Hurley, what makes Vancouver so unique is its location. “It’s very close to Portland, about 10 miles from it, and being close to a very progressive but metropolitan area, we get the benefits without the drawbacks,” said Hurley. As compared to Oregon, Washington has no personal or corporate net income tax, which has continued to drive growth in recent years. Being close to Portland’s urban areas also means that Vancouver is trendy enough to attract crowds of all types. It is a bustling place known for good food and coffee, and a thriving art and culture scene.

For Hurley, the best feature of life in Vancouver is the mix of different worlds springing up uniquely in the city. “We have what I would consider to be a little bit rural lifestyle blended with urban opportunities,” shared Hurley. In addition to a vibrant urban core, Vancouver also benefits from a incredible natural environment that offers plenty of outdoor activities, including golf, hiking, and camping. The massive Fort Vancouver national historic area, the Columbia river and gorge provide some breathtaking views. A beach and ski runs are only an hour and a half either direction. Doesn’t matter what you like…Vancouver offers something for everyone.

As someone who has always emphasized and worked towards a cohesive community, Hurley appreciates Vancouver’s kind and receptive community. While there may be a threat of the US fracturing along political lines, this city has largely remained immune from division. As Portland is quite progressive, when it comes to politics Vancouver benefits from taking the middle-ground. Elections are always a close call. “I think that’s a positive thing, because that middle ground just provides for understanding a variety of people, their views and issues,” said Hurley.

This middle ground that Hurley is a fan of also includes the climate in Vancouver. It enjoys all four seasons, which gives its residents the chance to enjoy a whole breadth of activities. This has created what Hurley calls a “really sweet pocket of the in-between”.

Good amenities, a welcoming community, a beautiful environment, and access to urban living without the troubles of a big city have attracted thousands of new families to Vancouver. It is the city that you live in if you are working in Portland and are raising a family. The city also attracts scores of people from states other than Oregon, including California. “Half our population came from California,” jokes Hurley.

There has been a huge influx of families from Portland and Hurley’s company has been working double time to accommodate all the new citizens the city has been receiving. Hurley is overseeing a massive project next to the waterfront on the east side of Vancouver called HQ Vancouver, and another beautiful apartment building in downtown called Adera. He is keenly aware of the benefits the population influx brings to the economy, which is why his focuses on affordability without compromising on quality.

“Affordability is such a major facet of HQ and a standard of our developments. We’re offering smart, sophisticated, luxurious living where people of all ages, abilities, incomes, and backgrounds can thrive. We want this environment to bring people together and provide opportunities where everyone has access to housing, lightning-speed fiber internet, recreation, art, and culture,” shared Ryan.

HQ also incorporates a smart city approach, which Hurley thinks will put Vancouver on the national map, adding to its growing rapport. The smart features include public wifi, smart parking, electric-powered driverless cars, and multiple smart security features. The design has been guided by climate consciousness, inclusivity, equity, and affordability, all of which are reflective of Vancouver’s values.

Vancouver is not a place to pass through on the way to Seattle or a vacation town, it has transformed into a place where you build a life. You might take it for granted if you have been living in the area for a while, but those who visit for the first time are blown away. “When you’re new, you’re like, ‘Man, Vancouver’s awesome! It’s brand new and shiny.’ And that perception is even growing for a lot of Portlanders too,” Ryan exclaimed.

Hurley’s company, in addition to developing residential properties, has also developed multiple commercial real estate projects. This has added a boom to the local business, with new restaurants opening up and taking advantage of the modern infrastructure. Hurley opened SAAP Fusion Kitchen, multiple coffee shops, and several sprawling retail centers.

What makes Hurley unique is that his work drives a purpose. Talking about his latest project, he said, “We’re building this for our city and as a model community for the nation that together – even in the multifamily, retail, and entertainment real estate environments – we can actually achieve things like carbon neutrality, inclusivity, and affordability.”

The Role Of A Holistic Nurse In Patient Care

Misti Gerold on November 8, 2022

Many people do not know what holistic nursing entails. However, it is quite simple to understand. Holistic nursing is quite different from the traditional form of nursing we are accustomed to and comes with many benefits worth highlighting. While the goal of conventional nursing practice is healing the patient’s mind and body, holistic nursing care encompasses more than that.

This article discusses holistic care and what you should know about the profession.

The Meaning Of Holistic Care

In simple words, holistic care is a medical profession that aims to heal a patient by ensuring the body, mind, spirit, and emotion are in perfect condition and the patient responds better to their environment. Holistic nurses have been equipped with therapeutic skills and knowledge to care for their patients. Ultimately, holistic nursing believes that a patient’s mental health influences their overall wellness.

How Holistic Nurses Take Care Of Patients

Holistic nurses, sometimes known as complementary health nurses, rely on alternative medical treatment to heal their patients. Sometimes, they can apply holistic nursing and conventional treatment methods to treat the patient. Examples of holistic treatment methods include hypnosis, acupuncture, massage, wellness coaching, eastern medicine, hydrotherapy, aromatherapy, etc.

The Difference Between Holistic Nursing Care And Conventional Medicine

It is key to note that holistic nursing and conventional Western medicine apply different philosophies, diagnosis practices, and treatment methods. The main focus of traditional medicine is fighting viruses and bacteria and improving genetics. On the other hand, holistic nursing pays attention to a patient’s experiences and the environment when treating a medical condition or an injury.

Conventional Treatment

Traditional treatment methods’ main goal is matching a patient’s symptoms to an already determined list of illnesses or conditions to make a diagnosis. Using diagnostic tools, the medical expert identifies the cause of the illness and administers an efficient treatment to the patient. Generally, the patient is treated using drugs and other medical equipment.

Holistic Nursing Care

A holistic nurse begins by consulting the patient to hear their opinions and preferred way of undergoing certain treatment methods before it is administered. After a patient has been diagnosed with a specific condition, the nurse may pay attention to the healing process rather than the illness itself. Holistic treatment methods may include regular exercises, changes in diet, herbs, meditation, reflexology, homeopathy, and biofeedback.

The Different Features Of Holistic Nursing Care

Holistic nursing care can focus on the effect of factors separately and not simply the illness or diagnosis likely to help or influence the attainment of the anticipated outcome.

For instance, the holistic treatment administered during palliative care may involve the medical professional using the patient’s age as a basis for recommending the best form of comfort care if the patient is physically disabled or struggling with age-related problems.

The different features of this holistic nursing care are:

#1. Treating The Patient As A Whole

Apart from age, a patient’s religious and cultural beliefs can be exploited to accelerate the healing process. For example, a patient with strong, faith-based values on self-care can benefit from a treatment plan that involves activities they relish to take part in for their faith.

Also, it can help to consider a patient’s socio-economic profile when evaluating the needs of an individual. For example, financial pressure to offset medical bills can affect a patient’s mental health; the individual may develop anxiety or depression because of the financial implications of a certain approach to patient care. Luckily, holistic nurses understand the need to treat a patient as a whole, including the individual’s lifestyle and financial position.

#2. The Patient’s Family Dynamics

A holistic nurse has been trained on how to study and understand the role of family values and dynamics when developing the ideal care plan for the recovering individual.

To learn about an individual’s family relations, you must have active communication skills and respect for other people’s beliefs and customs, even when they differ from yours. Upon understanding an individual’s family setting, a holistic nurse can determine how this aspect of life will influence a patient’s treatment and recovery journey.

#3. The Patient’s Environment

So as to develop an effective care plan, a holistic nurse is interested in knowing the conditions of where the patient lives or spends most of their time. The holistic nurse must ensure the patient abodes in an organized and clean environment and that the personal care items are maintained and used appropriately.

Individuals with functional mobility issues or declining cognitive ability require environments with sufficient food, water, fresh air, lighting, etc.

#4. The Patient’s Community

A patient’s family is just as important as the patient’s community. An individual’s community may include people with shared hobbies, places of worship, or other social interests. In addition, a patient’s community can be local, in-person, virtual, or distant.

In holistic nursing care, the medical expert must evaluate and understand the patient’s community and its influence on the individual’s recovery journey.

How to Impress Your Boss at the Office

Article Editor on November 8, 2022

How to Impress Your Boss at the Office

To earn a promotion, knowing the right way to act at work is essential. Raphael Avraham Sternberg says, “The way to impress your boss is to cooperate with yourself. You have to understand that you’re only doing this for yourself.” Consider what it is you want from your boss and why. That will help you discover how best to impress them. At most entry-level jobs, you won’t be able to impress the boss yet, but it never hurts to do so. This guide will give you helpful advice on branding your boss at work and keeping them happy.

1. Arrive Early

You don’t want to be the first at work, but you should if you can’t make it in on time. Walking in late means that people have sat down and left their desks. If someone else starts typing before you get to your desk, you’ll lose a lot of time that could have been spent with your coworkers. If you want to impress your boss, show up for work a few minutes early before he does! Use this time wisely; look busy by grouping everything you need for a particular project. If possible, have breakfast or coffee ready when he comes in.

2. Make Sure Your Work Is Done

The second thing you want to ensure is that your work product is finished. You might be able to list at least ten things that you haven’t finished yet, but if they’re not complete, you will have a much harder time showing your boss how much you’ve improved. If you’re behind on one project or task, start the next one so that he doesn’t think the others aren’t being completed.

3. Be reliable

If your boss gives you a project, do it at some point during the day and always give updates so they know how the project is coming along. Also, when giving updates on projects or group meetings, do it in advance or just before your boss needs the information. If you wait or run late, it might seem like you weren’t on top of the project and that they’ll need to keep checking in on you to know how things are progressing.

4. Always be Honest

One of the biggest mistakes that people make at work is not being honest. If you don’t think you’re going to finish or do a task, it’s okay to say so. You have the right to have your boss know what your deadline is so that you can manage it. Being honest will also help them know whether or not you’ll be able to complete the project in time and give you the information they need to decide how best to proceed.

So, if you want to earn a promotion and impress your boss, these are the best ways. Raphael Avraham Sternberg is one of the leading experts in today’s world regarding career success. He thinks “the best way to impress your boss is not just to be the best at what you do, but also to be a leader in the business.” That is why he recommends that you make sure you are a part of important projects and tasks at work. You must ensure that your work is high quality, thorough, and always completed.

Determining Store Hours

Article Editor on November 3, 2022

Determining Store Hours

Introduction

A store can determine the hours they are open to please their customers. There are many things a store needs to consider for this, one of them being what hours customers would like to go in the store. Some stores need shorter hours because of their location, and some might want longer hours because people will be more likely to come in during those times. A store needs to find the hours that will best fit its business.

This topic is of great importance because it can give a store the insight they need to know when they can be open and when they must be closed. Knowing the hours people want is important, but it also gives stores insight into their customer satisfaction level. If customers are not satisfied with the hours that a store operates, it means something is going wrong in their business plan or customer service, and this must be fixed immediately.

According to pain management specialist Dr. Jordan Sudberg, “The main reason people do not shop on weekends is that they feel busy with their families and other commitments. They forget about why they shop. On weekends, Saturdays in particular, there are fewer shoppers, but the ones there tend to be very loyal customers.”

If a store has a location in the middle of the city and is surrounded by many other stores, their hours will probably be shorter than a store located out in the country and not near many stores. Customers have more places to go when there are more stores around. A store out in the country might want longer hours because people traveling on a road trip will pass by them and maybe decide to stop and shop for some things they need instead of making another stop at another store.

Opening Hours

A store must know when determining its hours what times people would like the business to be open. This can be done through surveys and polls. Surveys are used in various ways, including businesses trying to figure out what hours would be most convenient for their customers. A survey means that a company will have an idea of what their customers want as far as hours go and how often they want the business open. This gives a company an idea of what they need to know, giving them insight into how much their customers want to come into the store.
Dr. Jordan Sudberg believes that when it comes to polls, businesses will often set up a poll or survey as a promotion they do on their website. This can be in the form of a ticket giveaway, a freebie giveaway, or just publicity given by advertising that if enough people show interest in purchasing something from the store, they will give out something for free. Companies will often use this method to get more customers into their business and see what things people would like for free. A store needs to know what items people would like for free because it will help them find out what items they should stock.

The Law of Otter PR (Public Relationships) Reviews

Article Editor on November 1, 2022

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The ones collect at the mount we these days may be-stung into quiet reflection as to what take place. We became our other cheek and gave this sort of impolite, affrontive individual the possibility to strike.

I study this the primary time I became in excessive faculty. I understand the Lord, The application appeared unreasonable and impossible.

My mind go to three bullies who had torment of my fellow students. I consider what they do. I become my cheek to them, it regard certain strike all the greater rancor.

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Solving Customer Complaints

Article Editor on October 28, 2022

Solving Customer Complaints

When you establish a business, it is not just about making money. It is also about creating customer service that keeps your customers satisfied. Jordan Sudberg has helped several companies. He explains the complaints process of a company to keep you informed. He gives insights on how to avoid any customer complaint before it happens and what should happen when it does occur.

How To Solve Customer Complaints

1. Understanding the Complaint Process

When a complaint comes in, it is the first hurdle. It could be a problem with a product or service or an issue with a company’s customer service. As you have probably already figured out, this should never happen.

2. Working with Customers to Solve the Problem

The customer complaint process is a lot like a funnel. The ladder begins with customer service, moves to management, and then to customer relations. The management always tries to solve the problem independently before sending it down further. If management cannot have it resolved by whatever time frame you have set for yourself, then send it down the line.

3. Resolving Customer Complaints

Once you figure out your customer complaint process, you can begin handling actual complaints. When the customer complaint hits your door, they will probably be in a bad mood. Be very careful with this, because you could lose that customer forever. It is essential to take it slow and easy when trying to resolve the problem. Only get frustrated or pushy with the customer if your boss tells you you have to.

4. Applying Positive Reinforcement

It would help if you had positive reinforcement for this whole thing to work well. Customers need to know that you care about them. They may think you are desperate if you go overboard with your compliments. Just say a few kind words and then give them some positive feedback. Another important aspect is to get all the facts straight before making any decision because the customer will notice it immediately if you take an opinion before gathering all of the points.

5. Maintaining Strong Customer Relations

The resolution process can be very intense at times. Customers can get frustrated and start yelling or cursing at you but do not let that interfere with how you handle the problem. If you are arguing with the customer on the phone or face to face, you need to make a better first impression. Try to keep your paperwork in order and be very professional in your dealings. Doing this will make sure that you own all customers.

Jordan Sudberg‘s customer service strategy is effective in resolving customer complaints. It is practical and beneficial to keep customers satisfied by solving their problems. This customer service assistance strategy also helps in maintaining customer relations. He urges customers to give constructive criticism and positive feedback to improve the company. If a customer has to ask for a refund or replacement, it is also helpful to be kind and understanding while they go through their frustrating process.

How To Dramatically Decrease Small Business Costs In 3 Easy Steps

Jen Lambert on October 24, 2022

Turning a profit and creating financial flow

When you have a steady stream of consumers and successfully provide the agreed-upon goods or services without any issues, you will know you have advanced past the existence stage. Small business grants can be part of this. Soon after that, you’ll start comparing sales to expenses a little more closely and start thinking about ways to increase the profitability of your business. After all, there is no other way to expand your business healthily.

Additionally, this is the time when excellent communication is most important. And not only with your employees. You need to be able to interact not only with members of your team (usually your employees, contractors, or freelancers) but also with prospects and clients.

Yes, a business phone will be necessary, but that is the very minimum. You might require additional communication methods in addition to the phone, depending on your industry and your clients’ preferences. Will you need to be able to video chat with clients or contractors who are situated abroad? Would you rather text customers instead? What about quick communication?

If you find yourself in this circumstance, we recommend looking for a solution that combines all of those channels into a single app or piece of software. This reduces the amount of tools you use (and pay for) and simplifies your life because you won’t have to keep track of numerous different tools. For instance, RingCentral’s desktop and mobile apps let you use phone, video, and message services simultaneously.

Maintain profitability while growing?

You have an option. At this stage of your business development, you’ve built operational procedures and client retention plans that keep your margins stable.

To put it another way, your small business is operating automatically.

What should you do next?

That depends entirely on what you want your business to be, though.

At the success stage, you may choose to either let your company enjoy steady profitability or strive for more growth (a high-risk, high-reward choice) (a low-risk, lower-reward option). Your tiny business could soar into the stratosphere—or go bankrupt—if you decide to invest everything you have back into it to expand.

Delegate

On the other hand, sustained profitability enables you to delegate part of your founding responsibilities to others and pursue other interests, but your absence may risk the future of your business. Having said that, you always have the choice to experience consistent profitability while continuing to have a significant role in the day-to-day management of your company. Let’s imagine for a second that you made the decision to take the risk at the success stage.

You put all of your company’s income and extra resources back into the business in an attempt to achieve extremely rapid growth.

And it succeeded!

Your small firm is currently in the take-off stage, which happens when you enjoy quick growth. This stage is both exciting and terrifying since significant expansion necessitates enormous sums of money to maintain covering overhead (e.g., employees, rent, vendors, etc.).

At this point, it is crucial for you to start creating a pitch deck and reaching out to investors since, if you don’t start raising money quickly, you’ll be headed down an expedited route to bankruptcy.