Business Planning – Info.com https://info.com The Smarter Way to Search The Web Thu, 11 Sep 2025 13:16:28 +0000 en-US hourly 1 How to Create Better Relationships With Your Customers https://info.com/business/how-to-create-better-relationships-with-your-customers/ Fri, 13 Jun 2025 01:00:43 +0000 https://admin.info.com/?p=35753

Building strong relationships with your customers is no longer optional—it’s essential. Whether you run a small business or manage a large brand, loyal customers are your greatest asset. In today’s competitive landscape, focusing on connection over conversion can transform your business. Understand how you can foster genuine, lasting relationships with your customers.

Listen First, Talk Second

One of the most powerful ways to build better customer relationships is to simply listen. Customers want to feel heard and understood. Instead of focusing solely on selling, take time to understand their needs, preferences, and pain points. This might mean reading and responding to feedback, whether it’s left through social media, reviews, or surveys. When customers see that their input leads to real changes, they feel valued and are more likely to remain loyal.

Responding thoughtfully to both praise and criticism also shows that your business is accessible and engaged. Even a negative review can be an opportunity to show how well you handle challenges. The goal is to open a two-way conversation that makes customers feel like active participants in your brand’s story.

Consistency Builds Trust

Consistency is key in all areas of customer interaction. From your branding and messaging to how your staff interacts with customers, everything should feel familiar and reliable. When customers know what to expect, they are more likely to trust you.

This includes being consistent across all platforms—whether someone contacts your business via phone, email, social media, or in person, the tone, quality, and care should feel seamless. Consistency is especially crucial when handling complaints or returns. A steady, fair approach helps reinforce that your company is dependable and worth investing in long-term.

Go Beyond the Transaction

True customer loyalty isn’t built solely on good deals or fast delivery—it’s built on emotional connection. Look for opportunities to personalize your customer interactions. Something as simple as remembering a returning customer’s name or preferences can go a long way. Use data smartly to tailor communication and show that you’re paying attention to individual needs.

Beyond personalization, consider ways your brand can offer added value. That could include useful content, helpful tips, or small gestures of appreciation. Loyalty programs, birthday messages, or exclusive early access to new products help customers feel like they’re part of something special. When people feel connected to a brand, they’re more likely to become repeat customers and recommend your business to others.

Train Your Team to Prioritize Relationships

Your staff represents the front line of your customer experience. If your team understands the value of building relationships, they’ll be more likely to make every interaction meaningful. Training should go beyond sales techniques—it should focus on empathy, patience, and communication.

Encourage employees to take ownership of customer interactions. Empower them to solve problems without always needing manager approval, and celebrate great service. When your team feels valued and supported, they’re more likely to reflect those values back to customers.

A positive internal culture has a direct effect on how customers experience your brand. Happier employees tend to create happier customers, which in turn strengthens your entire business.

Leveraging Technology to Enhance Customer Service

Modern technology offers powerful tools to improve how you connect with and support your customers. Live chat systems, automated email follow-ups, and AI-driven chatbots can provide instant responses and assistance, even outside of business hours.

CRM (Customer Relationship Management) platforms also help businesses keep track of interactions and preferences, making it easier to deliver personalized, timely service. When used correctly, technology doesn’t replace human connection—it enhances it by making every customer feel seen, supported, and remembered.

Keep Improving With Feedback

Relationships aren’t static—they evolve. One of the best ways to maintain strong connections with your customers is to regularly ask how you’re doing and act on that feedback. Whether through formal surveys or casual conversations, learning how customers feel about your product or service helps you identify where improvements can be made.

Customers appreciate transparency, too. If you’re making changes based on their input, tell them. It shows you’re listening and taking action, which increases trust. Plus, when customers are part of shaping your growth, they feel invested in your success.

Relationships Over Revenue

In today’s fast-moving, digitally connected world, lasting customer relationships are more important than ever. Companies that focus only on the transaction miss out on the long-term value of trust, loyalty, and word-of-mouth promotion. By listening to your customers, being consistent, going beyond the sale, training your team well, and learning from feedback, you create a strong foundation for lasting success.

Ultimately, businesses that prioritize relationships over short-term revenue build communities—not just customer lists. That’s the kind of brand people remember, return to, and recommend.

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Entrepreneurship in the Digital Age: Starting Your Own Online Business https://info.com/professional-pathways/entrepreneurship-in-the-digital-age-starting-your-own-online-business/ Wed, 06 Nov 2024 20:30:09 +0000 https://admin.info.com/?p=9878

The digital age has transformed the landscape of entrepreneurship, creating vast opportunities for ambitious individuals to start and scale online businesses. The low barrier to entry, global market reach, and the abundance of technological tools have made it easier than ever to become a digital entrepreneur. However, navigating this digital realm comes with unique challenges that require adaptability, strategic planning, and resilience to succeed. Entrepreneurs must be prepared to face an evolving environment that demands continuous learning and the ability to leverage technology effectively.

Laying the Foundation

Before diving headfirst into an online business, thorough research and planning are essential. Start by identifying a viable niche or a problem that your business can solve. This step requires market research to understand your target audience and assess the competition. Tools like Google Trends, SEMrush, and social media insights can provide valuable data about market demand and trends.

Once you’ve identified your niche, define a clear value proposition. What sets your product or service apart from the competition? This differentiator will be the cornerstone of your branding and marketing strategy.

Building Your Online Presence

Your website is your digital storefront. Invest in a professional and user-friendly design that reflects your brand’s personality and ensures seamless navigation. Platforms like Shopify, WordPress, and Wix make it relatively easy to create visually appealing and functional websites, even with minimal technical knowledge.

In addition to a strong website, leveraging social media channels is crucial for building brand awareness. Identify which platforms your target audience frequents—Instagram, LinkedIn, TikTok, or others—and create content tailored to those spaces. Engaging and authentic content, combined with consistent posting, can build trust and foster community around your brand.

Launching and Marketing Strategies

Once your online presence is established, focus on launching your business with a strategic plan. A well-executed launch can generate excitement and early momentum. Utilize email marketing campaigns, partnerships with influencers, and pre-launch giveaways to boost initial interest.

Paid advertising, such as Google Ads or Facebook Ads, can amplify your reach. Ensure your ads are targeted specifically to potential customers by using tools that refine audience selection based on demographics, interests, and online behavior.

Common Challenges and Solutions

Challenge 1: Finding Your First Customers Acquiring initial customers can be difficult. To overcome this, leverage your personal and professional networks and offer introductory discounts or promotions. Collecting testimonials from early users can also provide social proof that attracts new customers.

Challenge 2: Managing Cash Flow Maintaining a steady cash flow is one of the biggest hurdles in running an online business. To manage finances effectively, set clear budgets and keep track of all expenditures using accounting tools like QuickBooks or FreshBooks. Diversifying revenue streams, such as incorporating subscription services or affiliate marketing, can also provide financial stability.

Challenge 3: Standing Out in a Crowded Market The digital space is saturated with competition, making differentiation crucial. Invest time in crafting a strong brand story that resonates with your audience. Emphasize unique selling points in your marketing efforts, and don’t underestimate the power of personalized customer service to build loyalty.

Scaling Your Business

Once your business gains traction, scaling it strategically is the next step. This can involve expanding your product line, entering new markets, or investing in automation tools to streamline operations. Platforms like Zapier and HubSpot offer automation solutions that can reduce manual tasks and allow you to focus on growth strategies.

Keep measuring your key performance indicators (KPIs) and be adaptable to change. The digital marketplace is constantly evolving, and successful entrepreneurs are those who are flexible and proactive in embracing new trends and technologies.

Learn More About Starting An Online Business

Starting an online business in the digital age offers unparalleled opportunities, but it requires careful planning, adaptability, and resilience. By understanding your market, building a strong online presence, implementing effective marketing strategies, and overcoming challenges with strategic solutions, you can pave the way for long-term success.

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Preparing For the Unexpected: How To Create a Solid Business Continuity Plan https://info.com/business/preparing-for-the-unexpected-how-to-create-a-solid-business-continuity-plan/ Thu, 23 Sep 2021 16:06:10 +0000 https://admin.stage.info.unified.domains/?p=7768

Disasters happen, and they can have crippling consequences for a business. Around 45% of businesses do not reopen following a disaster, and 25% of those that do fail within 12 months. You can’t avoid the disruption caused by a global event. But you can prepare. A business continuity plan can help you avoid the most damaging effects of an emergency and speed up the recovery process. In this guide, you’ll learn how how to create a business continuity plan. We’ll go through the process step by step.

What Is a Business Continuity Plan?

A business continuity plan is a documented set of procedures to keep a business operational or restore processes quickly in the event of a major disruption.

The disruptive event may involve anything from physical damage to the business property or a technological disaster caused by system failure or cyber-attacks. For example, if your office building was forced to close unexpectedly, how would you be able to handle communications with customers? Would you be able to relocate to a temporary location, or would your team need to work from home?

A business continuity plan addresses potential issues and establishes a plan of action to minimize the disruption to your business.

Why Business Continuity Plans Matter

Without a plan to mitigate disruption, an unexpected disaster could impact your ability to operate and threaten the survival of your business. The longer your business is unable to function, the more damaging the disruption.

Prior to the start of the pandemic, over half of organizations around the world had no business continuity plan in place. Governments around the world began to put restrictions in place in March 2020. This resulted in a huge spike in interest in business continuity planning.

But when your business is in the midst of a disaster, it is often too late to avoid or mitigate the impact. A business continuity plan can help you recover quickly and shield your core operations. For many businesses, it will be the difference between survival or failure following a disaster.

In 2013, a lightning strike caused a fire in the office building of South Carolina hosting provider Cantey Technology. The fire destroyed Cantey’s servers and made the office unusable. However, the hosting company’s clients did not experience a disruption to their service. As part of Cantey’s business continuity plan, server backups were stored at a remote data center. The disaster still had a significant impact, and the company had to relocate, but failsafe processes helped mitigate the disruption and protect revenue.

Creating a Business Continuity Plan

Creating a business continuity plan from scratch can feel overwhelming. There are lots of aspects you need to cover. It’s much easier if you break the process up into smaller, manageable chunks.

If you follow the steps below, you’ll cover all the bases you need to develop a strong recovery strategy. You’ll also be able to identify the resources and processes you need to implement the plan.

1. Define the Scope and Goals of the Plan

The first step is to define the scope of your plan and the goals it needs to achieve. The overall goal is to ensure that your business can continue to operate or that disruption is minimal. But the objectives you set will be unique to your business. For example, the objectives and priorities for a retail store will be very different from a SaaS company.

You need to think about the areas of your business that are essential to the products and services you provide to your customers. Your goals will impact the mitigation strategies you put in place and how you develop a recovery plan.

2. Establish Your Continuity Team

The business continuity management team is tasked with preparing and executing the business continuity plan. The size and makeup of your team will depend on your business, but usually includes the manager, assistant manager, and a representative of each department.

Your continuity team will contribute to the plan, helping you identify core processes that need to be protected. Department representatives will also be responsible for training staff on emergency protocols.

It’s essential to have support from the top of the organization. This helps to establish credibility and buy-in throughout the company. A single team member should be designated as the leader and take ownership of the plan.

3. Identify Key Business Areas

The next step is to gain an understanding of the areas of your business where disruption would cause the most damage. Which processes are integral to your business operations?

To determine which areas are the most important, you should consider the cost to your business if the process were to fail. For example, if your website were to go offline, how much would you lose in revenue per hour/day?

It’s also important to consider how areas of your business are dependent on each other. For example, an IT system failure could have a knock-on effect on processes in your sales and marketing departments.

4. Business Impact Analysis

After you have established the critical areas of your business, you need to conduct an impact analysis. This is an investigation of the potential threats to your company and how they would impact your key business areas.

Create a document that details all potential threats and the financial costs. Interviewing department representatives can help you determine how resilient your current processes are.

5. Perform a Gap Analysis

A gap analysis helps you identify the requirements needed to keep your core business areas operational versus your current resources. It shows you what you currently have and what you need in the event of a disaster.

This will help you identify the weaknesses in your current processes. You’ll also be able to see what is needed to make your business more robust to disruption. The gap analysis should also help you to identify potential recovery strategies.

6. Establish Recovery Strategies

The previous steps should provide you with a detailed list of potential threats. Now, you need to collaborate with the continuity team to establish recovery strategies for each eventuality and how they will be implemented.

You should create a plan of action to address each type of disruption. It should detail the best way to ensure the damage to your business is minimized and who will be responsible for ensuring that specific actions are taken. For example, if a natural disaster damages your data storage, how will you be able to restore backups quickly? Who will be responsible for ensuring that data is backed up on a separate server?

Include the steps you need to take in preparation and the plan of action to speed up the recovery after the event.

7. Testing

The final step is to test the plan by conducting trial runs. Of course, some recovery strategies will be impossible to carry out in full, but you can simulate the processes to ensure the recovery plan works as expected.

Testing will help you to identify areas you may have overlooked and gain feedback from stakeholders. You can use the initial trial runs as a learning process to make the recovery plan more effective.

When all stakeholders are happy and trial runs are successful, you can begin to train employees on the protocols. It needs to be clear to staff what their responsibilities are.

To signify the importance of the business continuity plan and recovery protocols, you may want to involve a senior management figure in training exercises.

Safeguarding Your Business

A business continuity plan is one of the most important tools for making your company more resilient to disruption. If you’re proactive and follow the steps detailed above, you’ll have a solid recovery strategy in place to fall back on if disaster does hit.

But a business continuity plan isn’t a one-and-done document. As your business grows and changes, so do the potential risks and vulnerabilities. You’ll need to review your plan and ensure it still offers maximum mitigation. A business continuity plan is never finished.

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The 10 Steps To Starting a Small Business in 2022 https://info.com/business/the-10-steps-to-starting-a-small-business-in-2021/ Thu, 23 Sep 2021 00:15:52 +0000 https://admin.stage.info.unified.domains/?p=7719

Starting a small business is a dream for many Americans. But with so many things to consider, most people feel overwhelmed and give up before they even begin. Overthinking leads to inaction. If you’re serious about becoming your own boss, you need to break down the process into smaller, more manageable steps. In this guide, we’ll go through the process of launching a small business step-by-step.

1. Find Your Business Idea

All businesses start with an idea. But all successful businesses solve a problem.

Gyms help people get in shape and boost their self-esteem. Google helps people search the internet and find solutions. Cosmetics brands help people feel confident and express their creativity.

Make sure that your business idea solves a problem and that people are willing to pay for your solution. The number one reason that new businesses fail is because of a lack of demand.

You need to find a common problem that people are willing to spend money on solving. The bigger the problem, the more money you will be able to charge people for your solution.

2. Get Feedback on Your Idea

Once you’ve got your business idea, the next step is to get feedback from the people that would be interested in buying your product or service. The goal is to identify ways you can improve your idea and verify the need for your solution.

It’s important to get impartial feedback. Support from friends and family can help you grow your business and stay motivated, but they are not the people you want to be asking for feedback.

Alongside feedback from potential customers, you can see if there is a small business development center in your city. These organizations have experienced in-house experts that can offer free advice and feedback on your business idea.

3. Create a Business Plan

You’ll need a detailed business plan if you want to apply for a bank loan.

Even if you’re bootstrapping, spending some time creating a business plan can help you get organized and focus on the things that matter most to the growth of your business.

A study published in The Journal of Management Studies found that new businesses with a documented plan grew 30% faster than those without a plan.

Your business plan should include:

  • The problem you solve
  • Your target audience
  • Your products/services
  • A 30-second elevator pitch (what you do)
  • Financial plan

Working out your startup costs and monthly overheads can help you set realistic goals and determine your pricing.

You’ll also need to work out your margins and how many sales you need to make to cover your costs. This information can help you when you set SMART goals later.

4. Choose Your Business Name

Your business name is an opportunity to showcase your brand’s personality and what makes you different from your competitors. You can use the internet to research your competitors and create a shortlist of potential business names. The key is to find something that is unique, memorable, and clear.

There’s a golden rule that applies to most elements of running a business, including choosing a name: Keep it simple, stupid.

If you look at some of the biggest success stories of the last decade, they all have simple brand names:

  • Airbnb
  • Slack
  • Stripe

The easier your name is to say, spell, and remember, the more likely it will resonate with potential customers.

5. Create a Marketing Strategy

Having a superior product or service doesn’t guarantee success. Great marketing almost always wins out over a great product.

There are many different ways to advertise online and offline, and the best channels for you will depend on your offer and audience. Whichever channels you use to promote your products and services, you’ll want to spend some time developing your Unique Selling Point (USP).

Your USP is one of the most important parts of your marketing strategy. It’s what makes you better, or at the very least different from your competitors.

  • Are you the cheapest?
  • Do you use better materials?
  • Are you faster?

Domino’s is an excellent example of a winning USP: “You get fresh, hot pizza delivered to your door in 30 minutes or less — or it’s free.” It differentiates Domino’s from its competitors and focuses on something people are looking for from a pizza delivery service: speed.

6. Establish Your Business Structure

The legal structure of your business impacts everything from your tax commitments to your personal liability.

There are several different legal business structures, each with its own pros and cons:

  • Sole proprietorship
  • Partnership
  • Corporation
  • Limited liability company

It’s important to choose the right legal structure for your current needs and future goals. If you need some help choosing a structure, you can learn more about each option on the website of the U.S. Small Business Association.

7. Know Your Legal Requirements

Your new business will be subject to local laws as well as the regulations that govern your specific industry.

For example, you may be legally required to insure your employees in case they suffer an injury while working for your business.

If you sell food to the general public, you will need to meet foodservice codes. These regulations can vary from state to state.

Before you open your doors to the public, it may be worth your while getting some professional legal advice.

8. Choose Your Location

The next step is to choose a location for your new business. Depending on the type of business, this could be a physical location where you sell your products and services or a simple home office or co-working space to work from, if your business will be online.

Starting your business at home can be an excellent way to keep your startup costs low. It’s also how most entrepreneurs get started. Nearly 70% of U.S. entrepreneurs started their businesses at home. Even Jeff Bezos started Amazon from his garage.

If you need a physical store, make sure you look at multiple potential locations and explore your options. Visit on different days and times to see the footfall, delivery access, and other factors that will impact your business operations.

9. Recruit Your Team

Many successful companies start as one-person businesses. But if you’re planning on growing quickly, you may need to hire employees to help your business take off.

The best way to think about recruitment is to look at the needs of your business and the gaps in your skillset. You might need some help serving customers at a physical location, or you may need a specialist with skills that you don’t have.

Think about the skills you bring to the table and the gaps you need to fill to give your business the best chance of success.

You will pick up some new skills as you grow your business, but you need to determine if it’s worth your time learning. Sometimes bringing in someone who can do the job faster and more efficiently is more cost-effective. For example, many small businesses still outsource their bookkeeping.

10. Set Realistic Goals

Optimism is a great quality for a business owner. But you need to be realistic about what you can achieve. This is especially important in the early stages.

Many new businesses don’t make a profit in the first year. The first few months are about building brand awareness and increasing your customer base.

One of the best ways to keep yourself motivated and focused is to set SMART Goals. SMART is an acronym for Specific, Measurable, Achievable, Realistic, and Timely. These are the types of goals that you should be targeting.

For example, a SMART goal could be setting up a website within a week or increasing your customer base by 20% in 60 days. Your goals will be unique to your business, but make sure they are SMART.

Starting Your Journey as a Business Owner

Launching a new business is one of the most rewarding things you can do. You’re at the beginning of an exciting journey. There will be ups and downs, but you’ll be carving your own path and building something from the ground up. Use the above steps to set your new venture on a solid foundation.

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