Business

Monthly Subscriptions: What You Need to Know

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.

How to Encourage Brainstorming in Your Tech Business

In the tech field, it’s imperative to remain fresh and relevant. Technology is constantly changing, and tech businesses have to keep up with new developments. Otherwise, it can be easy to fall backward.

However, many innovative “aha” moments stem from conversations led by an internal team. For that reason, you may want to uphold regular brainstorming sessions with your team. Yet, many business leaders find it difficult to foster a natural environment. 

5 SMART Goals to Set for Your B2C Business Next Quarter

A part of growing your business means you have to set SMART goals to ensure success. It doesn’t matter how much revenue you generate or the size of your establishment. The purpose of setting goals is to maintain a sense of direction, manage a team, set the foundation for the next phase — and grow it consistently over time.

You may have previously thought SMART goals were only part of the annual process. However, you can break it down into quarters to calculate and control your business growth.

Get your SMART goal planning done for the next quarter by utilizing some of the most important goals for your business.

Report: Digital Commerce mergers and acquisitions market will remain white-hot in 2022

London, UK – 25 January 2022. Hampleton Partners’ Digital Commerce M&A report reveals that sector M&A growth is at all-time high. The sector signed over 2,317 deals in 2021, a 34 per cent increase on the 1,725 deals closed in 2020, and a 65 per cent increase on 2019 figures.

Hampleton’s report also highlights $400 billion in disclosed transaction value across the sector in 2021, including $140 billion in the second half of 2021 – 21 per cent of which can be attributed to the take-private of buy-now-pay-later (BNPL) solutions provider Afterpay by payments company Square for around $30 billion.

Business travel set to boom: sector sees increased demand for extended rental stays and space, survey reveals

  • AltoVita report reveals the state of the flexible rentals market coming out of COVID-19
  • 90% of industry leaders have invested in new technology over the past year, and over two thirds offering flexible cancellations

London, UK, 26th August 2021: 68% of the flexible rental sector is seeing an increased demand for extended stays, and 59% are seeing a demand for large spaces. That’s according to a report from AltoVita, which surveyed key players in the flexible rental sector globally.

Research: Half of businesses now have a policy on whether to pay out on ransomware

New research by Databarracks has revealed 54% of businesses now have a defined policy in place to deal with ransomware attacks – whether this means paying a ransom, relying on insurance policies or refusing to pay at all.

The findings are from Databarracks’ 2021 Data Health Check, launching today. Running since 2008, the annual report surveys over 400 IT decision-makers in the UK on critical issues relating to cybersecurity, IT resilience, cloud and remote working.

When asked if their organization had a policy for paying out on ransomware attacks:

The Digital Revolution's Impact on These 4 Growing Industries

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. 

Everything You Should Know Before Purchasing Insurance For Your Business

Only around 50% of businesses [PDF] make it past the 5-year mark. Making a small, regular, and gradual investment into a business insurance policy may have protected them from going out of business.  Business insurance exists to keep your savings and profits intact. Small businesses especially can shut down after a single lawsuit, and an appropriate liability insurance policy could be a lifesaver. In the text below, you’ll find relevant, up-to-date information on insurance for business ventures, as well as some additional tips for business owners.

5 Ways a Professional Certification can Benefit Your Business

There are many factors that will influence the success of your business in the short, mid, and long term. Among the most important elements of your growth strategy, however, you will find that investing in your employees is one of the best ways to drive your organization forward on numerous fronts. Whether you’re opening a SaaS business or growing one, or if you’re running a B2C company in a competitive niche, there is no denying that the right employees can take you to new heights of success.