How do Small Businesses start up?
Where do you think most American small businesses find the money to start up and keep themselves going till the profits start flowing in? You may be surprised to hear this – U.S. Census Bureau findings reveal that the majority of small businesses are financed by the owner or with some help from friends and family. Read on »
How small can small business be?
Technology has made it easier than ever for small businesses to operate on a really small scale – in the case of freelancers or e-bay entrepreneurs, this can sometimes mean just a single person team. This person is literally a one-man (or woman) army! Read on »
How do Small Businesses Differ?
Certain basic rules of engagement apply to all businesses. All businesses operate in a competitive environment where they aim to acquire and retain customers. This is against a backdrop of rising costs, tighter regulations and a globalizing environment. Yet, small businesses often find the challenge tougher due to the smaller scale on which they operate and the fewer resources they command. Read on »
Acquiring and Retaining Customers
The 2009 Microsoft Small and Mid-sized Business (SMB) Insight Report reveals that 43% of the 620 small business owners surveyed listed customer acquisition and retention as the key challenge they faced, irrespective of the current economic climate. Read on »
Small Business, the heart of the economy
The U.S Small Business Administration (SBA) Advocacy office calls small businesses the “heart of the American economy”. Small businesses in the U.S provide employment to a large number of people and in many sectors where services would not otherwise be available. Read on »
Delight Customers Efficiently
Smart Query Technology helps business with three key objectives:
The CSR team that keeps growing
Mostly, businesses find that as they grow, the number of queries increases exponentially. This means that they have to keep adding customer service representatives. That obviously costs money! Soon enough, the business realizes that there is no end to this. Or, is there? Read on »
Small business is everywhere!
Did you know that small businesses employing a few people start up at the rate of over 500,000 a year? That’s a half million new businesses coming up every year. Half a Million! That is approximately 1369 new businesses being started up every day! Read on »
An Inverse Proportion
Research has shown that customer satisfaction is inversely proportional to the waiting time for them to be served. In simple terms, the longer the waiting time, lower the satisfaction levels. Read on »
Monotonous and High Cost: The Worst Combination
Businesses often find that the majority of questions from customers revolve around the same issues. Some estimates say this may be as high as 60 to 70% of questions. Companies spend time answering these questions again and again, while employees get tired of fielding the same issues. This is as bad as it gets! Read on »