We live in a global economy. Never before has it been possible, let alone practical, to work with a team from around the world. In today's global job force, more employers than ever are deciding to look outside their companies to hire competent employees to do jobs that are too expensive, or too labor intensive to do in-house. For example, hiring someone to make you lists of potential clients to email might be a job that you could fulfill in-house by paying an employee $12 per hour, or you could outsource this sort of data mining job.

Bankruptcy is a legal status of a person or any other entity who cannot repay the debts that is being owned from the creditors. It is usually a process in which the consumers as well as businesses can repay some or all of the debts under the protection of federal bankruptcy court. Thus, while filing for bankruptcy one needs to consider certain things in order to move further with proper proceedings.

Every business is out to maximize on revenue and optimize its profits. This fundamental truth is approached through different business models employed by both small and large enterprises. However the bottom line is that for a business to prosper, it must boost its revenue through increased sales and at the same time manage its costs effectively. Cost management is arguably one of the critical aspects any commercial establishment can pursue in generating value both in the short and long term.

No doubt every individual wants to live a life full of comfort and convenience but its not possible every time unless the person is born with a silver spoon or has highly valued assets. Most of the people compromise with the situations to live a satisfactory life. However there are times when needs and necessities compel an individual to step ahead of the budgets. This is when he gets into grooves of debts.

In order to survive long-term, companies must develop a unique and sustainable competitive advantage—what will set your company apart from your competitors. Additionally, independent of size or time in business, companies have limited resources for deployment and must determine how best to invest scarce resources. The main resources are human capital (the people and their talents) and financial capital (the amount of money available to invest in operations, marketing etc.)

Harnessing the power of snippets is the new mantra in online marketing. Be it event marketing or product launches, businesses now make maximum use of their Facebook pages to carry out technical support, real time forums and use of the “LIKE” button for connecting with their customers and promoting their or their clients' product launches, latest news, exclusive offers and discounts. This, in return, helps promote the company's profile with knowledge of products spreading fast through the social networks leading to viral effects, all for free. But hang on, that is just the beginning.

Businesses that are built for the sole purpose of acquisition generally have less problems when it comes time to sell than those that are built with intentions of holding long term, or passing the asset on to future generations. I’m sure I didn’t shock anybody by writing those words, but it’s important to know, in case you didn’t already.

Technology and society are evolving faster than businesses can adapt and it is having a profound effect on the way businesses are currently run. We are now in an era where standing still means going the way of the dinosaurs, except, much quicker. Disruptive technology such as social media, real-time analytics, the Internet of Things, and wearable technology have changed the way people connect with each other, how they communicate and how they discover new things. As companies look to meet the challenges of these disruptive technologies they are embracing the concept of digital transformation. Digital transformation goes beyond just buying new technology and entails re-wiring traditional business models and their technology roadmaps in order to make meaningful advances in customer engagement and employee behavior.

Your creativity has paid off. After a major marketing campaign, potential customers are calling in and emailing with questions about your products or services. Are you prepared to convert those calls into sales?

Remember that any corporate growth is great. An influx of potential new business is a fabulous problem to have. However, it’s important to identify a plan to cope with that new business to avoid missing out on opportunities to turn it into new revenue. A cloud contact center solution, for example, can help manage that volume of new customer traffic. You might also consider new strategies to specifically convert online leads into new customers.

Retail stores, such as Borders, learned the hard way. By locations dropping in major metropolitan areas everywhere and overpowering mom-and-pop bookstores, Borders (and Barnes & Noble) became the place to be. But then shoppers started paying attention to how much the price of books were in online stores, such as Amazon and Ebay, versus physical stores. Careful consumers started wondering, "Why should I pay double the price for this item? What do I get out of it?" And a major chain of bookstores closed. So why is Barnes & Noble still open if their books are just as expensive? Rewards programs (memberships) may be the answer, and it's not just in the case of bookstores.