August 2021
Conducting a feasibility study
Woodridgeandscott2021-09-03T12:59:38+01:00Considering conducting a feasibility analysis to investigate the viability of a potential business Idea ? Answering the following questions will help you through the process. By using these as a guide, it will help you move through the process efficiently while helping you get the most out of the analysis. ⇰ WHATAn assessment of the...
January 2023
Understanding and Shaping Consumer Behavior
Woodridgeandscott2023-01-24T13:33:29+01:00Consumer beliefs and behaviors are changing fast. To keep up with and perhaps even influence those changes companies must leverage deep consumer insights. The COVID-19 crisis has disrupted nearly every routine in day-to-day life. The extent and duration of mandated lockdowns and business closures have forced people to give up even some of their...
VALUING STARTUPS
Woodridgeandscott2023-01-05T10:57:26+01:00Valuing Startups Fundamentally, valuing a startup is very different than valuing an established company. Financial projections don’t always predict the startup’s future success, which is why some angel investors put greater value in the entrepreneur and management team. Potential investors would like to understand the competitive environment and risks, as well as risk mitigation...
December 2022
UNDERSTANDING RECESSIONS
Woodridgeandscott2022-12-20T16:16:57+01:00Understanding Recessions A recession is a significant, widespread, and prolonged downturn in economic activity. It’s an economic cycle that involves contraction of economic activities. It is a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales....
November 2022
BUILDING CUSTOMER EXPERIENCE STRATEGIES
Woodridgeandscott2022-11-08T13:50:59+01:00Building Customer Experience Strategies Customer experience, known also as CX, is a customer’s complete experience when interacting with your business. These interactions could be in the form of front desk service, navigating website, and delivery of purchased products. Creating an excellent CX for your business influences your customer’s approach, and it can also determine whether...
September 2022
SURVIVING HARSH ECONOMIC TIMES
Woodridgeandscott2022-09-26T19:08:29+01:00Harsh economy pressure is putting a lot of challenges on retail companies, forcing most into the difficult position of cutting back on service levels that customers have come to expect in recent years. Retail shops are being closed, operation hour have been reduced, and staff laid off to reduce cost. Still faced with rising...
August 2022
PLANNING YOUR PERSONAL FINANCES
Woodridgeandscott2022-08-26T16:28:20+01:00\\ Financial planning is not a one-time process where you make your spending plan and then sit back. It is a step by step process that acts as a guide and helps you reach all your set monetary objectives. It helps assess all your income and expenditure, so you are always aware of where you...
Enhancing Logistics with RFID Technology
Woodridgeandscott2022-08-12T20:01:37+01:00RFID, or Radio-Frequency Identification, is a method of storing data and retrieving it via radio waves. Much in the same way a barcode can store information about a type of product, RFID tags contain unique identifiers that correspond to inventory database records. Switching to RFID in your logistics chain offers some significant advantages over...