How to use Statistical Analysis to Increase Revenue?

Statistical analysis plays a crucial role in business. It’s the method of collecting, recording and analyzing large amounts of data to discover patterns and trends. It helps in decision-making, achieving the goals and objectives of the organization and increasing revenue. It is a scientific tool used to carry out decision-making.

Statistical analysis for revenue increase

Statistical Analysis and Revenue Generation

The main objective of any business is to gain revenue. Statistical analysis uses big data analysis to generate more revenue.

Big data is a collection of huge volumes of data that cannot be analyzed via traditional methods. Big data is predictive information used to predict future trends.…

Continue reading →

6 Financial Tips for Small Businesses

Smart financial management is always important in business, particularly for smaller companies that need to be more cautious with their approach and are less likely to have cash reserves built up. A business owner who utilizes smart financial management can help the business succeed and thrive even with modest sales, and there are a few handy tips to keep in mind that should help any small business improve its financial health.

Entrepreneur analyzing finances

If your business is in a difficult situation or are simply looking for ways to be better with company money, then read on for a few tips.

1. Have Capital That You Can Access

First, it is always important to have capital that you can easily access if you hit a difficult period and have less or no money coming in.…

Continue reading →

ITIL 4 Specialist – Drive Stakeholder Value (DSV): Why is it Beneficial?

While the salary increase remains one of the main reasons in seeking professional certification, candidates find themselves unsure about stepping on the road to get certification, because career growth is not completely seen at first. When considering professional certification, ITIL certification is very important because it is recommended for professionals who plan the to further their career in IT.

ITIL 4 specialists

Widespread adoption & implications in the scope of work

ITIL® or Information Technology Infrastructure Library is a set of best practices that focus on alignment of IT services with business needs. It provides a practical framework for identifying, planning, and delivering IT services to support the core business function of an organization.…

Continue reading →

17 Best Android Apps to Study

Smart assistants have long become an integral part of our life. Most people associate gadgets with entertainment, but with their help, you can simplify the study of the curriculum.

College student using study apps

Experts have long been introducing applications that are highly communicative and make student tasks much more accessible. Therefore, we have prepared a selection of the best applications to improve academic performance and the learning process.

Castle Quiz

Spend time usefully and test your knowledge in a variety of subjects: history, geography, biology, mathematics, computer science, chemistry, physics together with the Castle Quiz application. After each intellectual battle, you can learn the correct answers, and in some subjects – to get explanations.…

Continue reading →

5 Cash Flow Management Mistakes to Avoid at All Costs

Cash flow refers to the inflow and outflow of cash, which is needed for a business to run effectively. For any business, managing cash flow is extremely important. While sales, production, and other areas are important for a business, financial management is crucial. Managing finances, especially cash flow plays a very important role in ensuring the successful day-to-day operations of a business.

Cash flow management

photo credit: Tima Miroshnichenko / Pexels

Effective management of cash flow helps ensure the inflow of cash is more than outflow, allowing the business to have sufficient cash for its effective operations.

Cash flow management mistakes to avoid

While managing your finances, there are some common small business cash flow issues you commit.…

Continue reading →

What Your Small Business Needs in Order to Succeed

The cold hard truth is that more new businesses fail than succeed. While many people have the dream of becoming a small business owner, it’s easier said than done. Overall, you need to have your fundamentals covered in order to achieve long term success as an entrepreneur.

Small business owner working

photo credit: Cristina Morillo / Pexels

Below are some of the things your small business needs in order to succeed.

A Product People Want

The most basic fundamental of launching a successful business venture is of course having a good idea. However, just because you think your idea is great does not mean that consumers will agree.…

Continue reading →

Reasons to Offer Employee Benefits, and Tips for Choosing the Right Benefits for Your Business

It’s easy to push offering benefits to your employees to the bottom of your to-do list, especially if you’re in charge of a small operation with a small team. Although it may be acceptable to forgo benefits when you first get your company off the ground, eventually, you should start adding employee benefits to the mix.

Employee benefits impact morale

photo credit: Alexander Suhorucov / Pexels

Offering benefits can sometimes be expensive and managing them for all your employees can be complicated, but they can ultimately help your business grow and thrive when you offer the right options to your workers.

It Benefits Your Business

There are many ways offering benefits to your employees is good for them, but they are good for your business too!…

Continue reading →

7 Questions To Ask Your Attorney During An Accident Consultation

After you face an accident, you should contact an attorney to help you out, especially if the accident will cost you tons of money. This matters if you got hurt at work, in a car accident or in other situations where it wasn’t your fault.

Accident consultation

As you visit with an attorney, you should ask these seven questions during your accident consultation.

What Legal Action Do You Think Is Best for My Situation?

Since accidents will vary based on the context and people involved, you need to ask your attorney this question. You can take different forms of legal action, which will also vary depending on the area you live in.…

Continue reading →

The Smooth Day-to-day Operations of an eCommerce Business

No business is easy because it takes hard work and determination to even get it to take off from the ground. Just because you chose to stray off the corporate path and decided to become an entrepreneur doesn’t mean you no longer have to put in your blood, sweat, and tears.

Day-to-day eCommerce business operationsphoto credit: Kampus Productions / Pexels

In fact, those are more vital now that you’re setting off on your own and making your own mark in the world. You can’t depend on others to take you to greater heights; that responsibility will fall on your shoulders as the business owner.…

Continue reading →

How Is Video Revolutionizing Small Businesses?

Around 57% of small business owners believe that remote work will continue in the long term – as found in a recent survey conducted by Intermedia. The new ‘work from home’ economy has necessitated a big technological shift, with video playing a key role in keeping small businesses running even as many faced one of the most challenging times in their history.

Video conferencing session

photo credit: Unsplash

If you haven’t started riding the video wave yet, the following are just a few reasons why you should decide to make it an important part of your growth strategy.

Video Conferencing A Vital Tool

The value of the global video conferencing market reached $7.87 billion in 2020, up from $3.85 billion the previous year.…

Continue reading →