How to Earn Profit in Business: 3 Money-Making Strategies

A man writing on a sheet of paper with coins stacked next to him, showing how to earn profit in business..

How do you turn a profit in business? What are effective profit-making strategies? Turning a profit can be difficult because many strategies can actually decrease your business’s value. Thankfully, Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary have strategies that will guarantee your business earns more money. Find out how to earn profit in business below.

What Does a Managing Director Do? The 2 Biggest Responsibilities

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What does a managing director do? Who do they report to? Multi-company managers, also known as managing directors, are high-ranking corporate executives who oversee multiple company managers. They report directly to a conglomerate’s CEO, meaning they’re one of the highest-ranking leaders in a company. Discover more about the responsibilities of a managing director.

What Is Drip Pricing & How Is It Dangerous?

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What is drip pricing? What psychological tactics enable the practice? How can regulation curb it? Drip pricing is a deceptive business practice that advertises a low price, then adds hidden fees at the final payment. US federal agencies are exploring regulatory action against drip pricing as part of the Biden Administration’s economic agenda, though the success of these measures remains to be seen. Keep reading to learn about deceptive drip pricing practices and if anything can be done to prevent them.

Importance of Business Administration for Your Platform

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What’s the importance of business administration? How can a strategic platform administration help your company? A strategic platform administration system can help you maintain control of your platform’s quality as it grows. To keep users happy, your administration must be straightforward, clear, judicious, and fair.  Learn more about why a business administration is important.

The Most Common Tax Deductions & 3 You Didn’t Know About

A piggy bank in hands depicting the money you can save with common tax deductions

How can tax deductions save you money? What are some examples of deductions that might apply to you? Both common tax deductions like those for dependent care and lesser-known deductions like those for energy efficient home improvements can lower your taxable income, meaning you’re taxed on a smaller amount. Understanding what you can deduct can help you save more money this tax season. Let’s explore how to determine which common tax deductions you qualify for and how to claim them on your tax return.

What the Blackcat Hack on UnitedHealth Group Exposed

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How did the Blackcat hack impact the US healthcare system? What vulnerabilities did it expose? How did UnitedHealth Group and the federal government respond to the breach? A February cyberattack on Change Healthcare severely disrupted the healthcare system’s operation and exposed its vulnerability to cyber threats. The attack highlighted the sector’s systemic weaknesses, including outdated technology, a lack of dedicated cybersecurity staff, and inadequate emergency protocols. Below we’ll look at the cyberattack, what happened in the wake of the attack, and what can be done to prevent it from happening again.

The Top 3 Platform Competition Strategies for Businesses

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How can your business compete with other platforms? What are clever platform competition techniques? According to the book Platform Revolution, traditional competitive strategies don’t fully account for the nature of competition among platforms. You need strategies that are more catered to the platform business model instead. Continue reading for three platform competition strategies.