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What is rightsizing and how can it benefit your business?

BMT Office Administration

For example, many companies had to engage in rightsizing during the pandemic to shift their staffing resources to areas like e-commerce and home delivery that were thriving while areas like in-person retail dwindled. This may make sense for things like new HR policies that your legal team and finance department may need to review.

Retail 130
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9 ways to turn team challenges into opportunities

Work Life

We committed to purchasing a substantial quantity of pink-colored raw materials in anticipation of using them in a special co-branded product line, but sales didn’t pan out as hoped. While other businesses were struggling to remain afloat, our website traffic continued to increase, and so did our sales.

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Tupperware Files for Bankruptcy: Why Bankruptcy Doesn’t Mean the End of a Business

Success

Its direct sales business model made it a household name, and so it stuck to it for more than seven decades and only started selling products in retail settings in 2022. But despite the negative connotation of the term, filing for this legal process does not necessarily mean the end of the road for a business.

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How to Name Your Business

Success

Is it legally available? Trademark Database at USPTO.gov to see if the name is legally trademarked. Sales rose by 23% in 2012. We’re an online retailer, so SEO was critical to choosing our name. At the time, a small retail art store owned CanvasPaintings.com, and we were able to buy it easily for a five-figure sum.

Retail 99
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How to Create Strategic Partnerships

Success

An online survey conducted by Forrester Consulting in 2019 found that 49% of respondents saw revenue boosted by partnerships and 77% of respondents saw “partnership development as central to their 2019 sales and marketing strategy.” . Proof it works: Close to meeting sales goals in the program’s first year.

Retail 86
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AI Hacks for Your Business: 40 ChatGPT Prompts and How to Use Them Effectively

Launch Work Places

Draft an email marketing campaign for a holiday sale. Sales and Customer Relations ChatGPT Business Prompts: Develop a sales funnel for a high-end service business. Legal and Compliance ChatGPT Business Prompts: Develop a compliance checklist for an e-commerce site. Use past real-life legal situations to provide context.

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An HR professional’s guide to data privacy compliance and security

Insperity

retailers, had up to 70 million customers’ data hacked in 2013. Or when a sales representative sent a different company’s information to another client? This can lead to enormous liability – both legally and for the business’ reputation. You may be familiar with high-profile, large-scale breaches and their impact.

Security 135