Speak Agent, a tool for teaching academic English vocabulary, is trying to determine how to balance risk with growth potential. One of the top priorities at this stage should be bringing on a good sales and business development team, says Elana Fine of the University of Maryland.
Longer work hours, increased stress and low pay raises are creating an employee-burnout crisis, according to a recent study. Employers can ease burnout, which accounts for as much as 50% of attrition, by implementing flexible schedules, encouraging employees to take vacations and promoting wellness.
Growing an established business can be a tough proposition, so entrepreneurs should consider buying other companies when it makes sense to do so, writes Burley Consulting principal John Burley. "[T]he opportunity can be huge, and when done right, it's worth it," he writes.
Loyalty programs tend to be effective, with members generating more revenue growth than non-members. But there's significant room for improvement, and Rieva Lesonsky reviews six loyalty program features that can deliver superior results.
Even if your business website is generating a lot of traffic, it's not reaching its potential unless it can convert visitors into paying customers. The speed of your site, the quality of your landing pages and the value of your content will all affect whether your site can drive new business, writes Andrew Medal.
St. Louis was part of France when the Louisiana Purchase was completed, but the Spanish were still managing the city. In March 1804, when American troops arrived in the frontier city, they first had to transfer power from Spain to France, with the official handover to the US occurring the following day.