The year was 2016, and everything was going great for entrepreneur Adam Watson. His furniture business, Design 55, was generating $3 million in annual sales and on track to double in size in the year ahead.
When a non-profit needs to raise money, they turn to ACD Direct. Established in 2003, the data entry and contact center handles millions of minutes worth of calls every month from patrons looking to support their favorite charitable organizations. When a person decides to make a pledge, ACD Direct takes the call, processes the contribution, and manages any customer service issues that arise along the way.
In 2013, Khalid Saleh and his wife Ayat were riding high. They’d build their online marketing and conversion optimization company, Invesp, into a thriving business. Conversion optimization had become commonplace, and most businesses understood its importance. Invesp was enjoying consistent growth.
When Cristian Rennella and his business partner, Hernán Amiune, founded ElMejorTrato.com in 2008, the internet was a very different place. Smartphones were just hitting the mainstream, and mobile web browsing was basically unheard of. A programmer had one job: make a website that works on a computer, period.
There’s not an entrepreneur on this planet who doesn’t want to get paid more. Even if money isn’t what drives you, you’d just plain be a bad businessman to turn down more cash for the same amount of work.
Money opens doors, and with more of it you’d be able to funnel more money back into your business, pass profits on to your employees, invest in philanthropic initiatives and so much more. So, are you making as much money as you can for the work you’re doing?
Ah, inventory. The bane of a retailer’s existence. Whether you sell clothing, car parts or cat food, inventory is a necessary evil. But it’s much more than that; it’s an important business component that, when managed effectively, can help you maintain tight margins and trim overhead. When managed poorly—or not managed at all—it can be a money pit.
Mind over matter.
Where there’s a will there’s a way.
If you can dream it, you can do it.
They’re sayings you’ve heard over and over again, and they all have one thing in common: the power of a determined mind.