Profit optimization and profit maximization are two concepts that often get thrown around interchangeably. But, they shouldn’t because they represent fundamentally different approaches to running a company. And, frankly, the distinction matters more than you might realize. Companies with a sole focus on maximum profits typically end up struggling with Read more…
Workplace safety is not only an essential aid to employees, but it is vital to the company’s profitability, vitality, and sustainability. For example, if a company fails to conduct regular safety inspections and implement crucial protocols, an office fire could claim essential files and equipment, destroying everything this business has Read more…
The terms “price optimization” and “profit optimization” might seem synonymous at first glance, but they are not. Pricing optimization is a financial strategy that many businesses employ in order to draw out the most financial gain from their operations. Meanwhile, profit optimization is a financial strategy that businesses use when Read more…
First dates—Sometimes, they are memorable, and on some occasions, we wish we could just skip and bury. This is how we can associate reality with cloud optimization: a hit or a miss. It all depends on how you manage and respond to it. You know that awkward feeling during your Read more…
Baltimore is known for many things, and one of them is being a good place to start a business. Its location in the Mid-Atlantic region plays a huge part in this. Smack dab in the middle of the Eastern Seaboard, Baltimore and the rest of Maryland is in the center Read more…
Businesses often feel the impacts of a recession in different ways. For instance, manufacturers might not be shipping out their inventories as fast or as much as they want, which leads them to slow their production. Because of low consumer demand, they might not be able to get back a Read more…
Small businesses are thriving in Houston. The major metropolis, which is home to 2.3 million residents, is also the base of operations of tens of thousands of small businesses. For clarity, we’re using the definition of the U.S. Small Business Administration (SBA) for small business. The SBA defines a small Read more…
When considering the relocation of an established business, many factors should come into play. First, what are the reasons for the move? What are the costs of moving? Are there moving companies that specialize specifically in office relocation services? What is the market like that you’re considering relocating to? These Read more…
For many years, my idea for retirement was to open a bar/restaurant in an effort to stay busy, have a social life, and eat and drink for free. However, even though I knew as an owner I would need to be there all of the time and that it would Read more…
My ex-husband and I ran a high-end landscaping firm that worked with many property management companies. In the summer, it was fairly straightforward, and we did not have many property emergencies. However, in the winter, we had many snow emergencies that interrupted their clients’ business operations. So, our job was Read more…