Archive for Blog Posts
Financial Ratios for a Healthy Business
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ss owners often use financial ratios to break down the information on their financial statements. Financial ratios are a management tool that allows owners to measure their company’s performance. Ratios create a financial benchmark business owners can use to compare their information to a competing company or the industry standard. Small businesses with higher ratios often indicate better operational performance than companies with lower ratio benchmarks. Business owners can also use financial benchmarks to determine where business operations need improvements.
Liquidity
Liquidity ratios measure a company’s ability to meet short-term financial obligations. These ratios usually involve a company’s current assets and current liabilities. Current assets and liabilities are financial items used in less than 12 months of business operations.
Why Companies Sponsor Sweepstakes
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Who Is The Real Winner???
Today there are increasing amounts of sweepstakes online they happen everyday. The hook is the sweepstakes winner obtains some pretty cool desirable stuff. What most people don’t realize there is a complete marketing plan behind the sweepstakes. The question here is Why do companies do all of this work to sponsor these sweepstakes on a steady basis just to give away merchandise?
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1. Building Email List
When you register for the sweepstakes, the form always asks for your email. This isn’t just to notify you of the results; it’s to email you newsletters and advertisements. Because of this contest, that company now has a huge, solicited list of potential leads to email.
2. Researching Market
Often to register it asks you to fill out a quick form. This has nothing to do with the contest in most cases, but is used as market research. Now the company knows more about their market easily.
3. To Retain These New Leads
Companies can strengthen the relationship between customer and company by offering sweepstakes. You are interacting with the company, receiving their products, and thinking highly of them.
4. Develop Branding
Fun, family-friendly contest just encourage how reliable and honest your company is. Word-of-mouth (WOM) marketing is growing more and more thanks to social media sites like Facebook, twitter, blogs, etc. The sweepstakes creates “buzz” for the company’s reputation and products. Branding is a tool used in customer acquisition marketing, aka gaining leads.
5. A method to develop advertising content
If a contest asks you to take a photograph, write an essay or write a recipe, you may see your submission in their company’s advertisements. Instead of paying a lot of money for a marketing agency to write this material, they’ve just received it for much less.
6. The Company now can get you to sample product
If you win, they usually let you sample their product or have it for a specific amount of time. Well after that they hope you will like it and keep buying it and also think highly of their other goods.
7. Best of all it Drives Major Traffic to their Website.
To sign up for the sweepstakes, you must go register on the company’s website. This drives more traffic to their website and increases their page rank on search engines. Also, you might get drawn in by a product or service while you’re on the website and go spend money there.
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We welcome Huddle Up Sports Bar
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Great Ideas and some Capital make all the difference
We wish Mark all the success. We spoke with Mark about his thoughts on marketing and his visions for growth and proceeded to help him with the process. We love his concepts and we are there for him every step of the way. Go for it Huddle Up and Mark. Watch the Huddle Up Video Below.
How to Stop Stress in 60 Seconds or Less
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Five quick ways business owners can avoid overwhelming stress.
Running a small business can require managing difficult situations every day. From funding issues to prickly customers, entrepreneurs have to solve problems all day, and the stress of it all can lead to burnout or worse. Instead of sliding into overwhelm, consider these stress-busting tactics to take it down a notch — all in just 60 seconds or less.
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