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A lot of people often confuse crowdfunding and crowdsourcing to mean the same thing but even though they sound similar and are similar in techniques, they mean two different things entirely. In fact, crowdfunding is a type of crowdsourcing because crowdsourcing encompasses many things. Crowdsourcing involves receiving ideas, contributions, collaboration, services or ideas from a …

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All companies strive for innovation; however, many companies get stuck because they make use of rigid standards in managing and measuring innovation performance in the workplace which then limits or kills the creativity of the employee. Successful companies usually allow their employees the freedom to experiment while still ensuring that the structure being used to …

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Project management consulting is one of many business niche ideas in the consulting industry that someone with certification in project management can successfully launch in the United States. Project management is a methodical approach to planning and guiding project processes from conception to completion; It’s a temporary endeavor initiated with the sole aim of creating …

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Inventory refers to the physical stock of item that a business keeps at hand for efficient running of its affairs. Therefore, Inventory management is the supervision of non-capitalized assets and stock items. It involves ordering, storing and using of a company’s inventory: raw material component and finished. Inventory management has always been a serious challenge …

Read More about 10 Critical Challenges of Inventory Management and How to Overcome Them

It is commonsense that everyone going into business would always look for the best business models that will help them grow their business to enviable heights. Taking advantage of a good business structure when building your business is a smart business decision that will ultimately determine how much you will make from the business and …

Read More about Licensing your Business Name Vs Franchising your Business: Which is the Best?