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James Broth is a business writer, mentor, and personal finance advisor. He has been consulting for SMB owners and entrepreneurs for the past seven years.

From Operating In A Spare Room To A Dropshipping Empire

It’s easy to look at a big company and think of them as always being a big company. This image is further reinforced by stories of businesses that have been labeled an ‘overnight success,’ thus appearing to have never been in that infant stage where everything is smaller and there is only one or two people who are responsible for wearing many hats. However, any honest entrepreneur will tell you that there is no such thing as making it big overnight. And even though it may seem like a particular business may have blossomed over the course of just 24 hours, growing from being a relative unknown into a million-dollar product or service provider in a blink of an eye, the reality is much different. In fact, a number of today’s big-name companies have been years (if not decades) in the making. O...

3 Effective FX Management Tips For Businesses With International Exposure

UK businesses are increasingly looking out for opportunities beyond our borders as Brexit negotiations continue in the background. Some businesses are looking for opportunities to sell their products and services to buyers in other countries, manufacturing businesses source for raw materials from foreign countries, retail stores source for finished goods from overseas, and service companies are not left out as they outsource some of their tasks to professionals in other countries. However, the exchange rates between the Pound Sterling (GBP) and other currencies such as the U.S Dollar (USD), Euro (EUR), and Japanese Yen (JPY) is in a state of constant flux. Many smart business owners now look beyond UK banks for their FX needs. Resources such as the money transfer reviews for 2018 helps pro...

Top 7 Benefits Of Polling Your Customers

You know you need customers to bring money into your business, but they can provide so much more. Your customers are an incredible source of information that too few businesses take advantage of. If you’re not regularly gathering input from your customers, you’re missing out on some remarkable benefits. 1. Minimise Turnover Whether you’re polling your customers to discover what they want from your business, the issues they have with your business, or ways you can improve their overall experience, you’re collecting information about how to keep them as loyal customers. If you gather and implement their input, you’ll see a significant decrease in the amount of customer turnover in your business. 2. Gather Innovative New Ideas The business world is all about innovation. That’s why most busine...

Amazon: A Lesson In E-Commerce Excellence

Amazon.com Inc. trades on the NASDAQ under the ticker (AMZN). It is currently priced at around $1,165.40. For the year to date, the stock has appreciated by $400 from a price of $757. Amazon has a 52-week low of $747.70 and a 52-week high of $1,213.41. The price/earnings ratio is to 97.06 with a $3.92 earnings-per-share and a 1-year target estimate price of $1,258.16. Amazon’s Performance in 2017: All this number-crunching is indicative of the success of the world’s premier e-commerce operation. From an analyst’s perspective, Amazon has shifted expectations across the board. Only once in 2017 did Amazon fall short of forecasts when the actual earnings came in at $0.40 and the estimated earnings were forecast at $1.42 (Q2 2017). The estimates for Q4 2017 are $1.85, and the next earnings dat...