Adding a new product to your company’s offerings can lead to greater profits—but only if you do your homework. Jay Berkowitz, CEO of TenGoldenRules.com, shares the key steps for a successful product launch.
In your business, every time someone physically handles a check or cash, it increases the opportunity for fraud. To mitigate this risk, consider collecting money electronically — a safer, cheaper, faster and easier way to collect.
Doing business overseas holds new risks and business owners are understandably reticent. Owners should educate themselves on the following types of risk and work with their business partners to explore ways to mitigate them.