Generative artificial intelligence (AI) has everyone talking — and for good reason. It promises many benefits that can improve our lives, but it also comes with risks. According to IT experts, one of the biggest risks is data security. In fact, 79% of IT leaders believe generative AI can introduce new security risks. We’ll help you learn how to create a security-first mindset … [Read more...] about What Is Data Security?
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How to Calculate Cost of Goods Sold (COGS): A Step-by-Step Guide
If your business has a lot of variables, like restaurants or grocery stores for example, knowing how to accurately calculate the cost of goods sold (COGS) is absolutely essential. If the COGS is not accurately recorded and analyzed, losses can quickly add up and in some cases, completely devastate your business. Carefully monitoring price changes, inventory, and sales can make … [Read more...] about How to Calculate Cost of Goods Sold (COGS): A Step-by-Step Guide
Sales Contracts: Elements, Process & Best Practices
Salespeople have a reputation for overpromising in their pitch. You’ve heard the adage about salespeople telling a customer “Of course we can do that!” to close a sale. But back at the office, they’ll ask their delivery or product team in a panic, “We can do that, right?” A written sales contract should accurately reflect the verbal agreements made — or else you risk the buyer … [Read more...] about Sales Contracts: Elements, Process & Best Practices
10 Ecommerce Trends That Will Influence Online Shopping in 2024
Some ecommerce trends and technologies pass in hype cycles, but others are so powerful they change the entire course of the market. After all the innovations and emerging technologies that cropped up in 2023, business leaders are assessing how to move forward and which new trends to implement. Here are some of the biggest trends that will affect your business over the coming … [Read more...] about 10 Ecommerce Trends That Will Influence Online Shopping in 2024
What Is Inbound Sales? Strategies and Best Practices
As a sales executive, I was disheartened to hear that nearly seven out of 10 sales professionals say their jobs are harder now, according to the State of Sales report. Yet nearly the same number of sales leaders admit their teams are taking fewer risks to change their situation. If your organization is facing the same challenges, consider a different approach: inbound sales. … [Read more...] about What Is Inbound Sales? Strategies and Best Practices