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Showing posts with the label In-Depth

What is Porter's Five Forces Model (And Why Your Business Needs It)

It is advisable for any entrepreneur, that before you venture into a business, you should test the waters first. The key to this advice is blue ocean thinking. You don’t want to fight large corporations when you are executing a business idea.   Instead you want to find something that is very innovative and profitable and serves a customer problem that others have not thought of yet.   And here’s where the Porter’s Five Forces Model and Analysis comes into play. The Porter’s Five Forces Model is basically a market research tool. It is an analytical took wherein you consider five forces to find whether the market that you are about to enter into, is profitable and non-competitive or not. The Five Forces of the Porter’s Five Forces Analysis The five forces that you must watch out for, are – The rivals in the industry, The threat of entry of new players in the market, The bargaining power of suppliers, The bargaining power of buyers, and The threat of substitutes. In this a

Legalities that New York Real Estate Developers Must Know Of

For being a real estate developer in the state of New York, there are certain generalised licenses and permits required. Further, there are certain special permits and licenses as well, required in certain cities or regions of the state. The purpose of this article is to lay down an exhaustive guide for real estate developers in the state of New York. Contractor’s License As was described in a nother article on real estate laws in the state of California , there is a requirement of a contractor’s license in the state of New York as well, for becoming a real estate developer.   Contractor’s license is essential in many states of the United States if someone wants to engage themselves with a business concerning with improving properties. Such a job would include those of construction, plumbing, carpentry, etc. This is why general contractors are also known as home improvement contractors. The license is provided by the Department of Labour, New York.   In the state of New Yor

Legalities that California Real Estate Developers Must Know Of

If you want to be a real estate developer in the State of California, there are certain legal obligations you must fulfil, not following which would lead in penalty. These legal obligations are related to licenses, permissions, workmen compensation, etc. and form the main topic of this Article.   In this article, I will be discussing in detail, the laws which a real estate developer in California must be aware of so, if you are an existing or prospective real estate developer then go through the whole article. License for being a real estate developer California, just like various other states in the United States, has licensing requirements for individuals who want to earn a living in the real estate development business. To be a real estate developer, you must get a contractor license for the trade. The procedural requirements, legalities and allied information in relation to the license has been discussed below – What is Contractor’s license? A contractor’s license is a licens

26 Design Thinking Mistakes that Businesses Must Avoid

The direction with which you approach a work, can make wonders. Total quality manufacturing brought about a fundamental change in manufacturing sectors in the 1980s and then there was the lean methodology that is making waves all over the world. But there is yet another method that can fundamentally speed up how your business approaches any work and also the amount of time that it takes to reach milestones. And, that is the design thinking process. Experts' Advise on How to Avoid Design Thinking Mistakes However, the process is easier said than done. And several businesses often fail when trying to incorporate the process to their operations - which is why, I asked the experts, what are the fundamental mistakes that businesses make when using design thinking in their businesses and how can one steer clear of these issues. And, we got some amazing ideas in the process-

Make Your Instagram Giveaway a Success: (19 Tips by Experts)

Instagram giveaways are a quick and dirty way to drive up your follower count, reach and engagement with your audience. However, there's nothing bad about the technique. It is completely a white-hat technique that allows you to engage with your followers (and to-be followers) on a more personal level. Do it right - and your Instagram follower count will ramp up overnight . However, do it wrong, and you'll just waste a ton of money and effort without even a trickle of boost in either your followers count, or engagement with your audience. However, I am not an Instagram expert. And, that's why, we dug deep and asked experts in this niche to share their experience as to how they ensured that their Instagram giveaway got them the biggest impact. Here's what they shared- How to Make Your Instagram Giveaway a Complete Success! #1. Niall Harbison , Founder of Happy Doggo who had founded the social media agency Simply Zesty and sold it to UTV plc - “1. Rather than an expens