ResidentialBusiness

If you’re considering small franchise opportunities, you’ve got several profitable options to explore. Franchises like Dunkin’ Donuts and Anytime Fitness offer strong brand recognition and high demand. Supercuts and Chick-Fil-A provide consistent customer traffic and impressive sales figures. Furthermore, educational franchises like Kumon require minimal investment. With various choices available, it’s important to weigh the benefits and potential challenges of each option to make an informed decision. Keep exploring to find the right fit for your business goals. Key Takeaways Dunkin’ Donuts offers high profit margins due to strong brand recognition and consistent demand for coffee and donuts. Chick-Fil-A has average annual sales exceeding $4 million, with high customer loyalty and satisfaction ratings. Supercuts benefits from a proven business model, attracting high foot traffic and generating consistent revenue. Anytime Fitness boasts strong brand recognition with over 4,500 locations, tapping into the growing fitness market. Educational franchises focus on foundational skills, serving over 1 million students globally with a low franchise fee and steady demand. Dunkin’ Donuts When considering profitable small franchises, Dunkin’ Donuts stands out as a viable option for many aspiring entrepreneurs. Although its franchise fee ranges from $40,000 to $90,000—higher than many franchises under 20k—it offers significant advantages. With high profit margins driven by strong brand recognition and a loyal customer base, you can achieve substantial earnings early on. Moreover, Dunkin’ Donuts imposes low ongoing royalty fees, typically between 2-6%, which helps you retain more revenue. The consistent demand for coffee and donuts, especially during peak morning hours, guarantees steady foot traffic. In addition, Dunkin’ Donuts provides extensive training and operational support, making it a solid choice among franchise opportunities under 20k and a notable low cost franchise for sale. Anytime Fitness As you explore profitable small franchises, Anytime Fitness presents a compelling opportunity due to its relatively low franchise fee, which ranges from $3,150 to $42,500. Here are three key reasons to evaluate this franchise: Affordability: With total startup costs between $300,000 to $500,000, it’s competitive among gym franchises. Low Ongoing Fees: Franchisees pay around $700 monthly in royalty fees, enhancing profit margins. Strong Brand Recognition: With over 4,500 locations worldwide, it’s one of the best franchises to own with low investment. Additionally, Anytime Fitness offers thorough training and support, ensuring franchisee success. If you’re looking for a franchise for sale under 20k, this franchise stands out among small franchises, making it an attractive option. Supercuts Following the exploration of Anytime Fitness, Supercuts emerges as another promising small franchise option, particularly for those interested in the hair care sector. With an initial franchise fee of about $39,500, total startup costs range from $150,000 to $320,000, making it more accessible than you might think. If you’re wondering what franchise can I buy for 10k, Supercuts may not fit that budget, but its ongoing training and marketing support can be invaluable. Being part of the well-known Regis Corporation, Supercuts benefits from strong brand recognition and an established customer base. Their proven business model guarantees a streamlined process, whereas high foot traffic at conveniently located salons often leads to consistent revenue streams for franchise owners. Ace Hardware When considering franchise opportunities, Ace Hardware stands out because of its low initial franchise fee of just $5,000, which is particularly appealing for veterans looking to start a business. This affordability, combined with strong brand recognition, positions Ace Hardware as a competitive choice in the retail hardware sector. Furthermore, the lack of royalty fees allows franchisees to keep more profits, further enhancing its attractiveness to potential owners. Low Initial Franchise Fee For those considering a franchise opportunity with a low initial investment, Ace Hardware stands out due to its affordable franchise fee of just $5,000. This fee is waived for veterans, making it even more accessible. Here are three reasons why Ace Hardware is a strong choice: No Ongoing Royalties: Unlike many franchises, Ace Hardware doesn’t charge ongoing royalty fees, allowing you to keep more of your earnings. Total Investment Range: The total investment varies from $280,000 to $1 million, depending on factors like location and store size, offering flexibility based on your budget and goals. Support System: Franchisees receive extensive training and marketing assistance, which improves your chances of success in the competitive retail market. Strong Brand Recognition Ace Hardware’s strong brand recognition plays an essential role in attracting customers and ensuring franchisee success. Ranked as the “Best Home Improvement Retailer” in multiple consumer surveys, Ace Hardware draws a loyal customer base. With over 5,000 locations worldwide, it stands as one of the largest hardware cooperatives, providing franchisees with extensive marketing and operational support. Their high customer satisfaction scores and recognition for exceptional service cultivate loyalty and encourage repeat business. Furthermore, the cooperative model allows franchisees to leverage collective buying strength, resulting in better pricing on inventory and improved profit margins. Ace Hardware’s established reputation and commitment to local communities also boost trust, making it easier for franchisees to thrive in their markets. Chick-Fil-A Chick-Fil-A stands out in the fast-food industry as one of the most profitable franchises, with average annual sales exceeding $4 million per location. Here are a few key factors to evaluate if you’re thinking about investing: Low Initial Fee: With a franchise fee of just $10,000, you can start your expedition in a lucrative market. Support and Training: Chick-Fil-A provides extensive training and operational support, ensuring you’re equipped to run your restaurant effectively. High Customer Loyalty: The brand consistently ranks among the top fast-food chains in customer satisfaction, highlighting the importance of service quality. However, be prepared for a hands-on role, as franchisees are expected to be involved in daily operations to uphold Chick-Fil-A’s brand standards. Jersey Mike’s Jersey Mike’s has carved out a strong niche in the fast-casual dining sector, particularly known for its fresh sub sandwiches made from high-quality ingredients. With an initial franchise fee of $18,500, total startup costs can range from $140,000 to $750,000, depending on the location and size. The franchise boasts over 2,000 locations nationwide, reflecting strong brand recognition and customer loyalty. Jersey Mike’s emphasizes its commitment to quality, using premium meats and cheeses sliced on-site daily. The company provides extensive training and ongoing support, including marketing assistance and operational guidance, making it easier for franchisees to succeed. Furthermore, Jersey Mike’s actively engages in community involvement, enhancing its brand reputation and nurturing local connections through fundraising initiatives. Kumon Kumon stands out as a franchise that offers effective after-school math and reading programs, making it a strong contender for those looking to invest in education. With a low franchise fee and extensive support, you’ll find that the model is designed for success, benefiting both you and your students. As you explore Kumon’s educational methodology, you’ll see how its proven approach leads to significant profitability and revenue potential. Educational Methodology Overview In the domain of educational franchises, Kumon stands out as a leader in math and reading enrichment programs. Its success lies in a distinct educational methodology that emphasizes self-learning and mastery. Here are three key components of Kumon’s approach: Individualized Learning Plans: Each student follows a customized path, allowing them to progress at their own pace. Mastery of Concepts: Kumon focuses on ensuring students fully grasp each concept before moving on, which builds a strong foundation. Regular Assessments: Frequent evaluations help track progress and adjust learning plans to meet each student’s needs effectively. With over 4 million students globally, Kumon’s proven method not only improves academic skills but additionally cultivates a love for learning, making it a sustainable franchise option. Franchisee Support and Training When considering a franchise opportunity, comprehension of the support and training provided can considerably impact your success. Kumon offers extensive training that lasts up to 10 days, focusing on the Kumon Method and best operational practices. You’ll benefit from ongoing support through regular workshops, webinars, and a dedicated team to assist with educational and business challenges. Furthermore, Kumon provides marketing assistance with customized promotional materials to attract local students and parents. The robust online portal grants access to resources, curriculum updates, and performance tracking tools. Finally, the franchise system emphasizes continuous improvement, encouraging your participation in evaluations and feedback sessions. Support & Training Aspects Details Initial Training Up to 10 days on Kumon Method Ongoing Support Workshops and webinars Marketing Assistance Customized promotional materials Online Portal Resources and performance tracking Continuous Improvement Evaluations and feedback sessions Profitability and Revenue Potential Although many factors influence profitability, the Kumon franchise stands out due to its low startup costs and proven educational model. Here are key points to reflect on regarding its revenue potential: Affordable Entry: With a franchise fee of only $2,000 and minimal total investment, it’s accessible for aspiring entrepreneurs. Steady Demand: Serving over 1 million students globally, Kumon maintains consistent demand for its math and reading programs. Revenue Opportunities: Monthly fees of approximately $34-$38 per student mean significant income based on enrollment and retention. Kumon’s emphasis on individualized learning promotes high customer satisfaction, driving referrals and ongoing enrollment, which improves your profitability. With strong support and training from the franchisor, you’ll be well-equipped to succeed in this lucrative market. Frequently Asked Questions What Franchise Is the Most Profitable to Own? Determining the most profitable franchise to own depends on several factors, including market demand and operational costs. Technology services franchises often generate steady monthly income, whereas healthcare services tend to have high profit margins because of increasing needs. Furthermore, business services and home services franchises can thrive with low overhead. The food and beverage sector likewise offers lucrative options, benefiting from strong customer loyalty and brand recognition. Evaluate these areas based on your interests and resources. What Is the Cheapest Most Profitable Franchise to Own? If you’re looking for the cheapest yet profitable franchise, consider options like Kumon Math & Reading Centers, which has a low franchise fee of $2,000 and high profit margins. Chick-Fil-A likewise stands out with a $10,000 fee and loyal customer base, ensuring strong sales. Five Star Painting offers a low investment in a high-demand service sector. These franchises provide affordable entry points as well as maintaining potential for substantial returns. What Is the 7 Day Rule for Franchise? The 7 Day Rule mandates that franchisors must give potential franchisees a Franchise Disclosure Document (FDD) at least seven days before they sign a franchise agreement or pay any fees. This rule guarantees you have adequate time to review essential information about the franchise, including financial performance and obligations. Use this period to conduct thorough research and consider seeking legal or financial advice, helping you make an informed decision. What Franchise Can I Buy for $10,000? If you’re looking for franchises under $10,000, consider options like Tumbles, which focuses on gym and STEAM classes, or The Maids, recognized for residential cleaning services. N Zone Sports offers a home-based youth sports model, whereas Five Star Painting provides both residential and commercial painting services. Keep in mind additional costs such as insurance and marketing, which can affect your overall budget when evaluating these low-cost franchise opportunities. Conclusion Exploring small franchise opportunities can lead to profitable ventures. Brands like Dunkin’ Donuts and Chick-Fil-A offer strong market presence and high sales potential, whereas Anytime Fitness and Ace Hardware provide lower startup costs and sturdy support. Educational franchises, such as Kumon, focus on individualized learning, appealing to a growing market. By carefully considering these options, you can identify a franchise that aligns with your goals and financial situation, setting the stage for a successful business endeavor. Image via Google Gemini This article, "7 Profitable Small Franchises to Consider" was first published on Small Business Trends View the full article

If you’re considering small franchise opportunities, you’ve got several profitable options to explore. Franchises like Dunkin’ Donuts and Anytime Fitness offer strong brand recognition and high demand. Supercuts and Chick-Fil-A provide consistent customer traffic and impressive sales figures. Furthermore, educational franchises like Kumon require minimal investment. With various choices available, it’s important to weigh the benefits and potential challenges of each option to make an informed decision. Keep exploring to find the right fit for your business goals. Key Takeaways Dunkin’ Donuts offers high profit margins due to strong brand recognition and consistent demand for coffee and donuts. Chick-Fil-A has average annual sales exceeding $4 million, with high customer loyalty and satisfaction ratings. Supercuts benefits from a proven business model, attracting high foot traffic and generating consistent revenue. Anytime Fitness boasts strong brand recognition with over 4,500 locations, tapping into the growing fitness market. Educational franchises focus on foundational skills, serving over 1 million students globally with a low franchise fee and steady demand. Dunkin’ Donuts When considering profitable small franchises, Dunkin’ Donuts stands out as a viable option for many aspiring entrepreneurs. Although its franchise fee ranges from $40,000 to $90,000—higher than many franchises under 20k—it offers significant advantages. With high profit margins driven by strong brand recognition and a loyal customer base, you can achieve substantial earnings early on. Moreover, Dunkin’ Donuts imposes low ongoing royalty fees, typically between 2-6%, which helps you retain more revenue. The consistent demand for coffee and donuts, especially during peak morning hours, guarantees steady foot traffic. In addition, Dunkin’ Donuts provides extensive training and operational support, making it a solid choice among franchise opportunities under 20k and a notable low cost franchise for sale. Anytime Fitness As you explore profitable small franchises, Anytime Fitness presents a compelling opportunity due to its relatively low franchise fee, which ranges from $3,150 to $42,500. Here are three key reasons to evaluate this franchise: Affordability: With total startup costs between $300,000 to $500,000, it’s competitive among gym franchises. Low Ongoing Fees: Franchisees pay around $700 monthly in royalty fees, enhancing profit margins. Strong Brand Recognition: With over 4,500 locations worldwide, it’s one of the best franchises to own with low investment. Additionally, Anytime Fitness offers thorough training and support, ensuring franchisee success. If you’re looking for a franchise for sale under 20k, this franchise stands out among small franchises, making it an attractive option. Supercuts Following the exploration of Anytime Fitness, Supercuts emerges as another promising small franchise option, particularly for those interested in the hair care sector. With an initial franchise fee of about $39,500, total startup costs range from $150,000 to $320,000, making it more accessible than you might think. If you’re wondering what franchise can I buy for 10k, Supercuts may not fit that budget, but its ongoing training and marketing support can be invaluable. Being part of the well-known Regis Corporation, Supercuts benefits from strong brand recognition and an established customer base. Their proven business model guarantees a streamlined process, whereas high foot traffic at conveniently located salons often leads to consistent revenue streams for franchise owners. Ace Hardware When considering franchise opportunities, Ace Hardware stands out because of its low initial franchise fee of just $5,000, which is particularly appealing for veterans looking to start a business. This affordability, combined with strong brand recognition, positions Ace Hardware as a competitive choice in the retail hardware sector. Furthermore, the lack of royalty fees allows franchisees to keep more profits, further enhancing its attractiveness to potential owners. Low Initial Franchise Fee For those considering a franchise opportunity with a low initial investment, Ace Hardware stands out due to its affordable franchise fee of just $5,000. This fee is waived for veterans, making it even more accessible. Here are three reasons why Ace Hardware is a strong choice: No Ongoing Royalties: Unlike many franchises, Ace Hardware doesn’t charge ongoing royalty fees, allowing you to keep more of your earnings. Total Investment Range: The total investment varies from $280,000 to $1 million, depending on factors like location and store size, offering flexibility based on your budget and goals. Support System: Franchisees receive extensive training and marketing assistance, which improves your chances of success in the competitive retail market. Strong Brand Recognition Ace Hardware’s strong brand recognition plays an essential role in attracting customers and ensuring franchisee success. Ranked as the “Best Home Improvement Retailer” in multiple consumer surveys, Ace Hardware draws a loyal customer base. With over 5,000 locations worldwide, it stands as one of the largest hardware cooperatives, providing franchisees with extensive marketing and operational support. Their high customer satisfaction scores and recognition for exceptional service cultivate loyalty and encourage repeat business. Furthermore, the cooperative model allows franchisees to leverage collective buying strength, resulting in better pricing on inventory and improved profit margins. Ace Hardware’s established reputation and commitment to local communities also boost trust, making it easier for franchisees to thrive in their markets. Chick-Fil-A Chick-Fil-A stands out in the fast-food industry as one of the most profitable franchises, with average annual sales exceeding $4 million per location. Here are a few key factors to evaluate if you’re thinking about investing: Low Initial Fee: With a franchise fee of just $10,000, you can start your expedition in a lucrative market. Support and Training: Chick-Fil-A provides extensive training and operational support, ensuring you’re equipped to run your restaurant effectively. High Customer Loyalty: The brand consistently ranks among the top fast-food chains in customer satisfaction, highlighting the importance of service quality. However, be prepared for a hands-on role, as franchisees are expected to be involved in daily operations to uphold Chick-Fil-A’s brand standards. Jersey Mike’s Jersey Mike’s has carved out a strong niche in the fast-casual dining sector, particularly known for its fresh sub sandwiches made from high-quality ingredients. With an initial franchise fee of $18,500, total startup costs can range from $140,000 to $750,000, depending on the location and size. The franchise boasts over 2,000 locations nationwide, reflecting strong brand recognition and customer loyalty. Jersey Mike’s emphasizes its commitment to quality, using premium meats and cheeses sliced on-site daily. The company provides extensive training and ongoing support, including marketing assistance and operational guidance, making it easier for franchisees to succeed. Furthermore, Jersey Mike’s actively engages in community involvement, enhancing its brand reputation and nurturing local connections through fundraising initiatives. Kumon Kumon stands out as a franchise that offers effective after-school math and reading programs, making it a strong contender for those looking to invest in education. With a low franchise fee and extensive support, you’ll find that the model is designed for success, benefiting both you and your students. As you explore Kumon’s educational methodology, you’ll see how its proven approach leads to significant profitability and revenue potential. Educational Methodology Overview In the domain of educational franchises, Kumon stands out as a leader in math and reading enrichment programs. Its success lies in a distinct educational methodology that emphasizes self-learning and mastery. Here are three key components of Kumon’s approach: Individualized Learning Plans: Each student follows a customized path, allowing them to progress at their own pace. Mastery of Concepts: Kumon focuses on ensuring students fully grasp each concept before moving on, which builds a strong foundation. Regular Assessments: Frequent evaluations help track progress and adjust learning plans to meet each student’s needs effectively. With over 4 million students globally, Kumon’s proven method not only improves academic skills but additionally cultivates a love for learning, making it a sustainable franchise option. Franchisee Support and Training When considering a franchise opportunity, comprehension of the support and training provided can considerably impact your success. Kumon offers extensive training that lasts up to 10 days, focusing on the Kumon Method and best operational practices. You’ll benefit from ongoing support through regular workshops, webinars, and a dedicated team to assist with educational and business challenges. Furthermore, Kumon provides marketing assistance with customized promotional materials to attract local students and parents. The robust online portal grants access to resources, curriculum updates, and performance tracking tools. Finally, the franchise system emphasizes continuous improvement, encouraging your participation in evaluations and feedback sessions. Support & Training Aspects Details Initial Training Up to 10 days on Kumon Method Ongoing Support Workshops and webinars Marketing Assistance Customized promotional materials Online Portal Resources and performance tracking Continuous Improvement Evaluations and feedback sessions Profitability and Revenue Potential Although many factors influence profitability, the Kumon franchise stands out due to its low startup costs and proven educational model. Here are key points to reflect on regarding its revenue potential: Affordable Entry: With a franchise fee of only $2,000 and minimal total investment, it’s accessible for aspiring entrepreneurs. Steady Demand: Serving over 1 million students globally, Kumon maintains consistent demand for its math and reading programs. Revenue Opportunities: Monthly fees of approximately $34-$38 per student mean significant income based on enrollment and retention. Kumon’s emphasis on individualized learning promotes high customer satisfaction, driving referrals and ongoing enrollment, which improves your profitability. With strong support and training from the franchisor, you’ll be well-equipped to succeed in this lucrative market. Frequently Asked Questions What Franchise Is the Most Profitable to Own? Determining the most profitable franchise to own depends on several factors, including market demand and operational costs. Technology services franchises often generate steady monthly income, whereas healthcare services tend to have high profit margins because of increasing needs. Furthermore, business services and home services franchises can thrive with low overhead. The food and beverage sector likewise offers lucrative options, benefiting from strong customer loyalty and brand recognition. Evaluate these areas based on your interests and resources. What Is the Cheapest Most Profitable Franchise to Own? If you’re looking for the cheapest yet profitable franchise, consider options like Kumon Math & Reading Centers, which has a low franchise fee of $2,000 and high profit margins. Chick-Fil-A likewise stands out with a $10,000 fee and loyal customer base, ensuring strong sales. Five Star Painting offers a low investment in a high-demand service sector. These franchises provide affordable entry points as well as maintaining potential for substantial returns. What Is the 7 Day Rule for Franchise? The 7 Day Rule mandates that franchisors must give potential franchisees a Franchise Disclosure Document (FDD) at least seven days before they sign a franchise agreement or pay any fees. This rule guarantees you have adequate time to review essential information about the franchise, including financial performance and obligations. Use this period to conduct thorough research and consider seeking legal or financial advice, helping you make an informed decision. What Franchise Can I Buy for $10,000? If you’re looking for franchises under $10,000, consider options like Tumbles, which focuses on gym and STEAM classes, or The Maids, recognized for residential cleaning services. N Zone Sports offers a home-based youth sports model, whereas Five Star Painting provides both residential and commercial painting services. Keep in mind additional costs such as insurance and marketing, which can affect your overall budget when evaluating these low-cost franchise opportunities. Conclusion Exploring small franchise opportunities can lead to profitable ventures. Brands like Dunkin’ Donuts and Chick-Fil-A offer strong market presence and high sales potential, whereas Anytime Fitness and Ace Hardware provide lower startup costs and sturdy support. Educational franchises, such as Kumon, focus on individualized learning, appealing to a growing market. By carefully considering these options, you can identify a franchise that aligns with your goals and financial situation, setting the stage for a successful business endeavor. Image via Google Gemini This article, "7 Profitable Small Franchises to Consider" was first published on Small Business Trends View the full article

Small business owners are often juggling multiple responsibilities, and the need for efficient solutions has never been more pressing. A recent announcement from Zendesk highlights a strategic expansion of their partnership with Microsoft, aiming to streamline employee support services. This new integration introduces the Zendesk Agent for Microsoft 365, designed to enhance workflow and accelerate issue resolution. The integration provides small businesses with two essential tools: Microsoft Agent 365 and Zendesk Agent for Microsoft 365 Copilot. These innovations aim to simplify IT, HR, and Finance operations by embedding Zendesk’s artificial intelligence capabilities directly into the Microsoft 365 environment that many organizations are already using. In an age where employees expect quick answers and efficient service, the functionality of these new tools is particularly relevant. Craig Flower, Chief Information Officer at Zendesk, emphasized the importance of this collaboration, stating, “This collaboration not only solidifies our position as a leader in enterprise AI automation but also ensures that Zendesk remains at the forefront of the evolving digital worker landscape.” Utilization of these tools can yield significant benefits for small businesses. With Microsoft Agent 365, Zendesk becomes a launch partner in a secure environment that autonomously manages Zendesk tickets while keeping up with compliance measures. This capability allows support teams to manage queries without the need for constant oversight, freeing up time for them to focus on more pressing tasks. Meanwhile, Zendesk Agent for Microsoft 365 Copilot enables employees to submit support tickets, check statuses, and escalate issues—all without having to leave their existing workflows. This integration promotes efficiency by keeping employees within the Microsoft ecosystem, making it easier to resolve issues without interruptions. One of the standout advantages of this integration is the potential for faster resolution times. By streamlining communication and integrating AI-powered support directly into the software employees use daily, small businesses can witness significant improvements in both agent productivity and overall service delivery. Additionally, enhanced visibility into support processes helps teams better manage their workflows. Security and compliance can often be considerable concerns for small businesses as they adopt new technologies. Each new integration within their operational framework can introduce risks if not managed properly. Thankfully, with Microsoft Agent 365, businesses can benefit from secure, compliant management of AI assistants. This allows for a controlled environment to handle sensitive information, giving small business owners peace of mind while utilizing AI in their operations. There are, however, some challenges that business owners should consider before diving into this integration. Transitioning to a new system requires investment, both in time for training and in financial resources for subscriptions or implementation. It’s crucial for small businesses to evaluate whether their current infrastructure is prepared for such a shift. Additionally, while the tools promise improved experiences and efficiency, the success of AI integrations depends on employee buy-in as well. Teams might initially resist embracing AI-driven tools, which could hinder the anticipated benefits. Staff training and change management strategies should be part of the rollout plan to ensure a smooth transition. Srini Raghavan, Corporate Vice President at Microsoft, noted, “We’re combining the power of Microsoft 365 Copilot’s intelligence with Zendesk’s modern service platform, enabling employees to resolve IT, HR, and Finance issues seamlessly within the tools they use every day.” This articulation underscores the aim of facilitating operational fluidity and enhancing overall productivity. For small business owners who want to stay ahead in an increasingly digital landscape, the Zendesk and Microsoft integration offers a promising avenue for improving employee service. The collaboration, launching on November 21, marks a significant step towards automating and optimizing support capabilities within daily workflows, potentially transforming how teams interact with their support services. As businesses consider this integration, maintaining focus on their unique needs and existing capabilities will be crucial. To learn more, you can access the full press release from Zendesk here. Image via Google Gemini This article, "Zendesk Enhances Employee Support with New Microsoft 365 Integrations" was first published on Small Business Trends View the full article

Small business owners are often juggling multiple responsibilities, and the need for efficient solutions has never been more pressing. A recent announcement from Zendesk highlights a strategic expansion of their partnership with Microsoft, aiming to streamline employee support services. This new integration introduces the Zendesk Agent for Microsoft 365, designed to enhance workflow and accelerate issue resolution. The integration provides small businesses with two essential tools: Microsoft Agent 365 and Zendesk Agent for Microsoft 365 Copilot. These innovations aim to simplify IT, HR, and Finance operations by embedding Zendesk’s artificial intelligence capabilities directly into the Microsoft 365 environment that many organizations are already using. In an age where employees expect quick answers and efficient service, the functionality of these new tools is particularly relevant. Craig Flower, Chief Information Officer at Zendesk, emphasized the importance of this collaboration, stating, “This collaboration not only solidifies our position as a leader in enterprise AI automation but also ensures that Zendesk remains at the forefront of the evolving digital worker landscape.” Utilization of these tools can yield significant benefits for small businesses. With Microsoft Agent 365, Zendesk becomes a launch partner in a secure environment that autonomously manages Zendesk tickets while keeping up with compliance measures. This capability allows support teams to manage queries without the need for constant oversight, freeing up time for them to focus on more pressing tasks. Meanwhile, Zendesk Agent for Microsoft 365 Copilot enables employees to submit support tickets, check statuses, and escalate issues—all without having to leave their existing workflows. This integration promotes efficiency by keeping employees within the Microsoft ecosystem, making it easier to resolve issues without interruptions. One of the standout advantages of this integration is the potential for faster resolution times. By streamlining communication and integrating AI-powered support directly into the software employees use daily, small businesses can witness significant improvements in both agent productivity and overall service delivery. Additionally, enhanced visibility into support processes helps teams better manage their workflows. Security and compliance can often be considerable concerns for small businesses as they adopt new technologies. Each new integration within their operational framework can introduce risks if not managed properly. Thankfully, with Microsoft Agent 365, businesses can benefit from secure, compliant management of AI assistants. This allows for a controlled environment to handle sensitive information, giving small business owners peace of mind while utilizing AI in their operations. There are, however, some challenges that business owners should consider before diving into this integration. Transitioning to a new system requires investment, both in time for training and in financial resources for subscriptions or implementation. It’s crucial for small businesses to evaluate whether their current infrastructure is prepared for such a shift. Additionally, while the tools promise improved experiences and efficiency, the success of AI integrations depends on employee buy-in as well. Teams might initially resist embracing AI-driven tools, which could hinder the anticipated benefits. Staff training and change management strategies should be part of the rollout plan to ensure a smooth transition. Srini Raghavan, Corporate Vice President at Microsoft, noted, “We’re combining the power of Microsoft 365 Copilot’s intelligence with Zendesk’s modern service platform, enabling employees to resolve IT, HR, and Finance issues seamlessly within the tools they use every day.” This articulation underscores the aim of facilitating operational fluidity and enhancing overall productivity. For small business owners who want to stay ahead in an increasingly digital landscape, the Zendesk and Microsoft integration offers a promising avenue for improving employee service. The collaboration, launching on November 21, marks a significant step towards automating and optimizing support capabilities within daily workflows, potentially transforming how teams interact with their support services. As businesses consider this integration, maintaining focus on their unique needs and existing capabilities will be crucial. To learn more, you can access the full press release from Zendesk here. Image via Google Gemini This article, "Zendesk Enhances Employee Support with New Microsoft 365 Integrations" was first published on Small Business Trends View the full article

Within 3 years, 2/3 of current firm leaders could be obsolete. Accounting Influencers With Rob Brown Go PRO for members-only access to more Rob Brown. View the full article

Within 3 years, 2/3 of current firm leaders could be obsolete. Accounting Influencers With Rob Brown Go PRO for members-only access to more Rob Brown. View the full article

Handling objections is a key skill that can greatly improve your sales outcomes. By employing techniques like acknowledging customer concerns, actively listening, and asking open-ended questions, you can better comprehend your prospects. Furthermore, reframing objections to emphasize value and providing social proof can improve your persuasive efforts. These strategies not only build trust but likewise empower customers to make informed decisions. Comprehending how to implement these techniques effectively is crucial for your success. Key Takeaways Acknowledge customer concerns to build trust and create a comfortable dialogue for discussing objections. Practice active listening to uncover deeper issues and maintain a balanced conversation ratio. Use open-ended questions to encourage prospects to elaborate on their concerns and clarify their perspectives. Reframe objections to highlight the value of your product, emphasizing long-term benefits and solutions. Provide social proof and alternatives, such as testimonials and case studies, to enhance credibility and inspire informed decisions. Acknowledge and Empathize With Customer Concerns When you acknowledge and empathize with customer concerns, you create an essential foundation for trust and rapport in the sales process. Research shows that 64% of customers prefer representatives who effectively address objections. Using objection handling techniques like validating emotions can cultivate a comfortable environment, encouraging open dialogue. When you allow prospects to elaborate on their concerns, you not just show you’re listening but additionally uncover deeper issues that need addressing. By acknowledging their feelings without rushing to defend your product, you promote a collaborative atmosphere. This approach transforms potential roadblocks into opportunities for discussion, making it easier to explore solutions that meet their needs. In the end, this leads to stronger relationships and increases the likelihood of closing sales. Listen Intently to Uncover Deeper Issues Listening intently can greatly improve your ability to uncover deeper issues during sales conversations. Active listening is crucial in objection handling, as it enables you to fully grasp the customer’s real concerns. Maintain a 40% sales to 60% customer talk ratio, promoting open dialogue. Recognizing non-verbal cues like body language can improve rapport, as viewing objections as learning opportunities shifts the conversation positively. Technique Benefit Active Listening Understand customer concerns Non-verbal Cues Build rapport 40:60 Talk Ratio Encourage open dialogue Learning Opportunities Cultivate collaborative solutions Ask Open-Ended Questions for Clarity Asking open-ended questions is a crucial technique in sales conversations that can considerably improve your comprehension of a prospect’s concerns. These questions encourage prospects to elaborate on their thoughts, revealing valuable insights into their needs and motivations. By avoiding yes/no questions, you cultivate a dialogue that uncovers deeper issues, allowing you to identify the root cause of objections. This approach not just clarifies the prospect’s perspective but also demonstrates your genuine interest in their needs, enhancing trust and rapport. Effective open-ended questions can guide discussions toward exploring customized solutions, eventually steering prospects closer to a buying decision. Using how to handle objections in sales examples can illustrate the effectiveness of this technique in overcoming specific concerns. Reframe the Objection to Highlight Value Reframing objections is a potent technique that enables you to shift a customer’s perspective from viewing concerns as roadblocks to recognizing them as opportunities for solutions. For instance, if a customer raises a price-related example of objection, you can highlight the long-term benefits of your product, demonstrating how it can save them money over time or improve efficiency. By using the How Might We (HMW) framework, you can encourage customers to articulate their expectations and collaboratively explore solutions. This approach allows you to transform initial objections into manageable hurdles, nurturing logical agreements. Moreover, incorporating social proof, like testimonials, can reinforce your value proposition, alleviating skepticism and helping customers see the potential benefits of overcoming their concerns. Provide Social Proof and Alternatives When addressing customer objections, providing social proof and alternatives can greatly improve your sales approach. Utilizing effective methods of handling objections not only builds trust but also empowers prospects to make informed decisions. Here are key strategies: Leverage testimonials from reputable brands to showcase real-world success. Highlight metrics like user adoption rates to demonstrate product credibility. Present case studies that align with customer needs and expectations. Offer customized alternatives that reflect flexibility and prioritize customer preferences. Emphasize that 79% of consumers are influenced by user-generated content, reinforcing the importance of social proof. Frequently Asked Questions What Are the 4 P’s of Objection Handling? The 4 P’s of objection handling are Prepare, Probe, Propose, and Provide. First, you prepare by anticipating common objections and crafting responses based on past interactions. Next, probe by asking open-ended questions to uncover the underlying reasons for the objections. Then, propose solutions that address their concerns, highlighting the unique value of your product. Finally, provide follow-up resources or reassurances to reinforce trust and commitment to customer satisfaction. What Are the 7 Specialized Methods for Handling Objections? To effectively handle objections, you can employ seven specialized methods: acknowledge and empathize with the prospect’s concerns, ask open-ended questions to gain deeper insights, reframe the problem to shift perceptions, show them social proof through testimonials, give alternatives that align with their needs, actively listen to understand their perspective, and validate their feelings to build trust. These techniques help you navigate objections and cultivate stronger relationships with prospects. What Are the 3 F’s for Handling Objections? The 3 F’s for handling objections are Feel, Felt, and Found. First, you acknowledge the prospect’s feelings to build rapport. Next, you relate their concerns to similar experiences others have faced (Felt). Finally, you present a solution that effectively addresses their objection (Found). This approach nurtures empathy and encourages open dialogue, allowing you to connect with prospects and better understand their needs, which ultimately enhances the chances of closing the deal. What Is a Common Technique Used in Sales to Overcome Objections? A common technique used in sales to overcome objections is the AAA method. This involves acknowledging the customer’s concern first, which validates their feelings. Next, you ask open-ended questions to dig deeper into their issues, allowing for a better comprehension of their needs. Finally, you advise customized solutions that directly address those objections, helping to reassure the customer and guide them toward a more favorable decision regarding your product or service. Conclusion Incorporating these five techniques into your sales process can greatly improve your ability to handle objections. By acknowledging customer concerns, actively listening, asking open-ended questions, reframing objections, and providing social proof, you create a more effective dialogue. This approach not just addresses potential hesitations but additionally emphasizes the value of your product. In the end, these strategies empower customers to make informed decisions, leading to increased sales and stronger relationships with your prospects. Image via Google Gemini This article, "5 Essential Techniques for Handling Objections to Boost Sales" was first published on Small Business Trends View the full article

Handling objections is a key skill that can greatly improve your sales outcomes. By employing techniques like acknowledging customer concerns, actively listening, and asking open-ended questions, you can better comprehend your prospects. Furthermore, reframing objections to emphasize value and providing social proof can improve your persuasive efforts. These strategies not only build trust but likewise empower customers to make informed decisions. Comprehending how to implement these techniques effectively is crucial for your success. Key Takeaways Acknowledge customer concerns to build trust and create a comfortable dialogue for discussing objections. Practice active listening to uncover deeper issues and maintain a balanced conversation ratio. Use open-ended questions to encourage prospects to elaborate on their concerns and clarify their perspectives. Reframe objections to highlight the value of your product, emphasizing long-term benefits and solutions. Provide social proof and alternatives, such as testimonials and case studies, to enhance credibility and inspire informed decisions. Acknowledge and Empathize With Customer Concerns When you acknowledge and empathize with customer concerns, you create an essential foundation for trust and rapport in the sales process. Research shows that 64% of customers prefer representatives who effectively address objections. Using objection handling techniques like validating emotions can cultivate a comfortable environment, encouraging open dialogue. When you allow prospects to elaborate on their concerns, you not just show you’re listening but additionally uncover deeper issues that need addressing. By acknowledging their feelings without rushing to defend your product, you promote a collaborative atmosphere. This approach transforms potential roadblocks into opportunities for discussion, making it easier to explore solutions that meet their needs. In the end, this leads to stronger relationships and increases the likelihood of closing sales. Listen Intently to Uncover Deeper Issues Listening intently can greatly improve your ability to uncover deeper issues during sales conversations. Active listening is crucial in objection handling, as it enables you to fully grasp the customer’s real concerns. Maintain a 40% sales to 60% customer talk ratio, promoting open dialogue. Recognizing non-verbal cues like body language can improve rapport, as viewing objections as learning opportunities shifts the conversation positively. Technique Benefit Active Listening Understand customer concerns Non-verbal Cues Build rapport 40:60 Talk Ratio Encourage open dialogue Learning Opportunities Cultivate collaborative solutions Ask Open-Ended Questions for Clarity Asking open-ended questions is a crucial technique in sales conversations that can considerably improve your comprehension of a prospect’s concerns. These questions encourage prospects to elaborate on their thoughts, revealing valuable insights into their needs and motivations. By avoiding yes/no questions, you cultivate a dialogue that uncovers deeper issues, allowing you to identify the root cause of objections. This approach not just clarifies the prospect’s perspective but also demonstrates your genuine interest in their needs, enhancing trust and rapport. Effective open-ended questions can guide discussions toward exploring customized solutions, eventually steering prospects closer to a buying decision. Using how to handle objections in sales examples can illustrate the effectiveness of this technique in overcoming specific concerns. Reframe the Objection to Highlight Value Reframing objections is a potent technique that enables you to shift a customer’s perspective from viewing concerns as roadblocks to recognizing them as opportunities for solutions. For instance, if a customer raises a price-related example of objection, you can highlight the long-term benefits of your product, demonstrating how it can save them money over time or improve efficiency. By using the How Might We (HMW) framework, you can encourage customers to articulate their expectations and collaboratively explore solutions. This approach allows you to transform initial objections into manageable hurdles, nurturing logical agreements. Moreover, incorporating social proof, like testimonials, can reinforce your value proposition, alleviating skepticism and helping customers see the potential benefits of overcoming their concerns. Provide Social Proof and Alternatives When addressing customer objections, providing social proof and alternatives can greatly improve your sales approach. Utilizing effective methods of handling objections not only builds trust but also empowers prospects to make informed decisions. Here are key strategies: Leverage testimonials from reputable brands to showcase real-world success. Highlight metrics like user adoption rates to demonstrate product credibility. Present case studies that align with customer needs and expectations. Offer customized alternatives that reflect flexibility and prioritize customer preferences. Emphasize that 79% of consumers are influenced by user-generated content, reinforcing the importance of social proof. Frequently Asked Questions What Are the 4 P’s of Objection Handling? The 4 P’s of objection handling are Prepare, Probe, Propose, and Provide. First, you prepare by anticipating common objections and crafting responses based on past interactions. Next, probe by asking open-ended questions to uncover the underlying reasons for the objections. Then, propose solutions that address their concerns, highlighting the unique value of your product. Finally, provide follow-up resources or reassurances to reinforce trust and commitment to customer satisfaction. What Are the 7 Specialized Methods for Handling Objections? To effectively handle objections, you can employ seven specialized methods: acknowledge and empathize with the prospect’s concerns, ask open-ended questions to gain deeper insights, reframe the problem to shift perceptions, show them social proof through testimonials, give alternatives that align with their needs, actively listen to understand their perspective, and validate their feelings to build trust. These techniques help you navigate objections and cultivate stronger relationships with prospects. What Are the 3 F’s for Handling Objections? The 3 F’s for handling objections are Feel, Felt, and Found. First, you acknowledge the prospect’s feelings to build rapport. Next, you relate their concerns to similar experiences others have faced (Felt). Finally, you present a solution that effectively addresses their objection (Found). This approach nurtures empathy and encourages open dialogue, allowing you to connect with prospects and better understand their needs, which ultimately enhances the chances of closing the deal. What Is a Common Technique Used in Sales to Overcome Objections? A common technique used in sales to overcome objections is the AAA method. This involves acknowledging the customer’s concern first, which validates their feelings. Next, you ask open-ended questions to dig deeper into their issues, allowing for a better comprehension of their needs. Finally, you advise customized solutions that directly address those objections, helping to reassure the customer and guide them toward a more favorable decision regarding your product or service. Conclusion Incorporating these five techniques into your sales process can greatly improve your ability to handle objections. By acknowledging customer concerns, actively listening, asking open-ended questions, reframing objections, and providing social proof, you create a more effective dialogue. This approach not just addresses potential hesitations but additionally emphasizes the value of your product. In the end, these strategies empower customers to make informed decisions, leading to increased sales and stronger relationships with your prospects. Image via Google Gemini This article, "5 Essential Techniques for Handling Objections to Boost Sales" was first published on Small Business Trends View the full article

Move comes after military build-up by US forces in regionView the full article

Achieving proficiency in business plan formatting is crucial for effectively conveying your ideas to potential investors and stakeholders. You’ll want to understand the purpose of your plan first, which can guide your choice between traditional and lean formats. As you structure your document, focus on key sections like the executive summary and financial projections. Each section should be clear and concise, making it easy for your audience to grasp your vision. Next, you’ll explore how to craft compelling content that truly resonates. Key Takeaways Choose the appropriate format based on your audience, opting for detailed plans for investors and concise versions for internal use. Structure your business plan using clear headings and bullet points to enhance readability and organization. Include essential sections like the executive summary, company description, market analysis, and financial projections for a comprehensive overview. Regularly review and update your business plan to reflect changes in market conditions and business strategies. Utilize templates and samples for guidance, ensuring your format aligns with industry standards and best practices. Understanding the Purpose of a Business Plan Grasping the purpose of a business plan is essential for anyone looking to start or grow a business, as it serves multiple fundamental functions. A business plan acts as a formal document outlining your company’s objectives, strategies, and operations, typically spanning 15–25 pages. It serves both as an internal roadmap for your development and an external tool to attract investors and secure funding. Comprehending how to draft a business plan that includes key elements like an executive summary, market analysis, and financial projections is critical for demonstrating your business’s viability. Furthermore, regularly reviewing and updating your plan helps you adapt to market changes, ensuring you stay aligned with your goals and maintain investor interest. Choosing the Right Business Plan Format How do you decide which format is best for your business plan? First, consider your audience. If you’re targeting investors or financial institutions, a traditional business plan template, which is detailed and spans 15-25 pages, is often required to provide thorough insights. Conversely, if you’re an agile startup or need something for internal strategy sessions, a lean business plan template that condenses crucial information into 1-2 pages may be more effective. Regardless of the format, make certain you include key elements, such as the executive summary, market analysis, and financial projections. Using bullet points and clear headings will improve readability and help your audience navigate through the document efficiently. Structuring Your Business Plan: Key Sections A well-structured business plan typically consists of six key sections that work together to present a thorough overview of your business. These sections include: Section Description Purpose Executive Summary High-level overview, mission, and financials Snapshot for investors Company Description Structure, vision, and target market Clarifies identity and purpose Products and Services Offerings, pricing, and competitive advantages Showcases market needs Market Analysis Industry dynamics and competition Validates business opportunity Marketing Strategy Plans for reaching your target audience Guides promotional efforts Utilizing a business plan template PDF can help streamline this process. For inspiration, consider reviewing an executive summary of business plan sample to understand effective presentation styles. Crafting an Effective Executive Summary When crafting an effective executive summary, you’ll want to provide a clear snapshot of your business and its goals. This section should summarize crucial components like your mission statement, target market, and competitive advantages, all while maintaining a concise writing style. Key Components Overview Crafting an effective executive summary is essential for any business plan, as it serves as the initial touchpoint for potential investors or stakeholders. To create a compelling summary, focus on these key components: Mission Statement and Objectives: Clearly state your business’s mission and key objectives to establish direction and purpose. Market Opportunity: Provide a snapshot of the market environment, highlighting your target audience and estimated market share to showcase growth potential. Leadership Team: Highlight the qualifications and experience of your leadership team, reinforcing credibility and confidence in executing the financial plan for your business plan. Writing Style Tips To create an effective executive summary, it’s crucial to adopt a writing style that’s both clear and engaging. Start by summarizing your business’s mission statement and key objectives concisely, ideally within a one to two-page format. Clearly articulate the problem your business addresses and the unique solution you offer, ensuring it resonates with potential investors. Don’t forget to highlight financial aspects, such as projected revenue and funding needs, to capture attention and improve credibility. Use straightforward language to make your summary accessible to a broad audience, aligning with effective business plan formatting. Finally, consider using a one page business plan template to structure your ideas efficiently, ensuring your executive summary serves as a compelling introduction to your full document. Developing Your Company Description A thorough company description lays the foundation for your business plan, offering essential insights into your organization’s structure and purpose. When developing your company description, consider these key elements: Business Structure: Clearly define your legal entity type, such as LLC or corporation, and explain ownership distribution among founders or shareholders. Target Market: Articulate your customer base by identifying specific demographics and their needs that your business aims to fulfill. Vision and Mission: Outline your company’s core values, vision, and mission statement to establish a strong identity. Using a business plan template PDF can help you organize these details effectively for your simple business plan. A well-crafted description not only conveys your business’s essence but likewise sets the stage for future sections. Detailing Products and Services Detailing your products and services is vital for creating a compelling business plan that clearly communicates what you offer. Start by clearly describing each product or service, highlighting key features, pricing strategies, and unique selling propositions that set you apart. Include information on production processes and sourcing methods that improve quality. Address customer benefits, focusing on specific problems your offerings solve. A competitive analysis is important, so compare your services to similar offerings, showcasing advantages like pricing and features. Discuss the lifespan of your products and any future development plans, emphasizing innovation and adaptation based on market trends. This thorough approach forms a solid foundation for your marketing company business plan and serves as a useful business project outline example. Conducting Market Analysis When you conduct market analysis, you’ll want to focus on industry trends, the competitive environment, and identifying your target market. Comprehending these elements helps you spot growth opportunities and assess potential risks that could impact your business. Industry Trends Overview Conducting a thorough market analysis is vital for comprehending the dynamics within your industry, as it provides insights into key trends that can influence your business’s success. Here are three fundamental areas to focus on: Growth Rates: Understand the growth potential of your industry to forecast demand accurately. Consumer Behavior: Analyze shifts in purchasing preferences, like sustainability or online shopping, to adapt your offerings. Demographics: Utilize demographic data to define your target market, including age, income, and behaviors. Incorporating these insights into your business plan template pdf will improve your market analysis, making it more robust and credible, especially for potential investors. This foundation helps you tailor strategies that align with industry trends, promoting informed decision-making. Competitive Landscape Assessment To effectively position your business in the market, it is crucial to assess the competitive environment. Start by identifying key competitors and analyzing their strengths and weaknesses. Use tools like SWOT analysis to evaluate your business against competitors. Comprehending industry trends and consumer behavior helps predict future market movements, ensuring your strategy remains relevant. Regularly update this analysis to reflect changes in the competitive environment. Here’s a simple framework for your competitive environment assessment: Competitor Name Strengths Weaknesses Competitor A Strong brand loyalty High pricing Competitor B Diverse offerings Limited market reach Competitor C Innovative products Poor customer service Competitor D Strong online presence Weak offline presence Competitor E Established reputation Slow product updates Utilize a business plan format sample pdf or a startup business plan template to document your findings. Target Market Identification How well do you understand your target market? Identifying your target audience is essential for tailoring your business strategies effectively. To conduct a thorough market analysis, consider these steps: Research demographics like age, gender, income level, and purchasing behavior. Use surveys and focus groups to gather insights into consumer preferences and motivations. Analyze competitors to identify their strengths and weaknesses, allowing you to find market gaps. Estimating your total addressable market (TAM) can help guide your financial projections. Keep an eye on industry trends and external influences to adapt your strategies. Utilize a business plan template pdf or sample business plan pdf to organize your findings, ensuring your plan addresses the needs of your target market effectively. Formulating a Marketing Strategy When you’re formulating a marketing strategy, it’s essential to create a clear and effective plan that targets specific customer segments. Start by identifying your target demographics, as customized tactics can boost conversion rates by up to 20%. Utilize a mix of digital channels like social media and email marketing to improve brand visibility—companies employing omnichannel strategies retain 89% of their customers. Incorporate content marketing to attract leads, as it generates three times more leads than traditional methods and costs 62% less. Establish a strong value proposition, which influences 64% of consumers’ purchasing decisions. Regularly analyze metrics such as customer acquisition cost and ROI to optimize your strategy, leading to enhanced profitability and growth. Consult a business plan template PDF for guidance on how to write a business plan effectively. Preparing Financial Projections and Funding Requests A solid marketing strategy lays the groundwork for your business, but preparing financial projections and funding requests is equally important for securing the necessary resources to turn your vision into reality. Follow these steps: Create detailed financial projections: Include monthly revenue and expense forecasts for the first year and annual projections for the next two to five years, based on realistic assumptions. Outline funding requirements: Specify the total amount needed, its intended use, and the timeline for when you’ll need the funds. Incorporate a break-even analysis: This helps investors understand when your business will become profitable. Using a 1-page business plan template can streamline this process, ensuring that your financial projections and funding requests are clear and compelling. Frequently Asked Questions How to Write a Business Plan Step by Step Guide? To write a business plan step by step, start with an executive summary that outlines your business’s mission. Next, describe your company, detailing its structure and offerings. Conduct market analysis to identify your target audience and competitors, then develop a marketing strategy. Define clear business objectives and KPIs to track success. Finally, include financial projections and regularly update your plan to adapt to market changes, ensuring it remains relevant and effective. What Are the 7 Steps of a Business Plan Template? The seven steps of a business plan template are crucial for structuring your ideas. First, the Executive Summary provides a snapshot of your business. Next, the Company Description outlines your business structure and target market. Then, the Market Analysis assesses industry trends and competition. Following that, the Marketing Strategy details how you’ll reach customers. The Operational Plan explains daily operations, whereas the Financial Summary includes projections and funding needs, ensuring your plan is thorough and clear. How Do I Format a Business Plan Document? To format a business plan document, start by organizing it into clearly labeled sections like Executive Summary and Market Analysis. Use bullet points and numbered lists to simplify complex information. Keep a consistent font style, ideally Times New Roman or Arial at 11 or 12 points, ensuring proper alignment and spacing. Incorporate visuals such as charts or graphs for clarity, and make sure they’re labeled and referenced appropriately throughout the text for easy comprehension. What Are the 7 Parts of a Business Plan? The seven crucial parts of a business plan are the Executive Summary, Company Description, Products and Services, Market Analysis, Marketing Strategy, Operational Plan, and Financial Summary. Each section serves a specific purpose: the Executive Summary provides an overview, whereas the Company Description details your business’s identity. The Market Analysis assesses competition, the Marketing Strategy outlines your promotional approach, the Operational Plan describes your operations, and the Financial Summary presents revenue and funding needs. Conclusion In conclusion, mastering business plan formatting is crucial for presenting your vision clearly and effectively. By comprehending your audience and selecting the appropriate format, you can organize key sections like the executive summary, company description, and financial projections. Regular updates to your plan guarantee it remains relevant in a changing market. In the end, a well-structured business plan not just guides your operations but likewise serves as a persuasive tool for attracting potential investors and partners. Image via Google Gemini This article, "Mastering Business Plan Formatting – A Step-by-Step Guide" was first published on Small Business Trends View the full article

Achieving proficiency in business plan formatting is crucial for effectively conveying your ideas to potential investors and stakeholders. You’ll want to understand the purpose of your plan first, which can guide your choice between traditional and lean formats. As you structure your document, focus on key sections like the executive summary and financial projections. Each section should be clear and concise, making it easy for your audience to grasp your vision. Next, you’ll explore how to craft compelling content that truly resonates. Key Takeaways Choose the appropriate format based on your audience, opting for detailed plans for investors and concise versions for internal use. Structure your business plan using clear headings and bullet points to enhance readability and organization. Include essential sections like the executive summary, company description, market analysis, and financial projections for a comprehensive overview. Regularly review and update your business plan to reflect changes in market conditions and business strategies. Utilize templates and samples for guidance, ensuring your format aligns with industry standards and best practices. Understanding the Purpose of a Business Plan Grasping the purpose of a business plan is essential for anyone looking to start or grow a business, as it serves multiple fundamental functions. A business plan acts as a formal document outlining your company’s objectives, strategies, and operations, typically spanning 15–25 pages. It serves both as an internal roadmap for your development and an external tool to attract investors and secure funding. Comprehending how to draft a business plan that includes key elements like an executive summary, market analysis, and financial projections is critical for demonstrating your business’s viability. Furthermore, regularly reviewing and updating your plan helps you adapt to market changes, ensuring you stay aligned with your goals and maintain investor interest. Choosing the Right Business Plan Format How do you decide which format is best for your business plan? First, consider your audience. If you’re targeting investors or financial institutions, a traditional business plan template, which is detailed and spans 15-25 pages, is often required to provide thorough insights. Conversely, if you’re an agile startup or need something for internal strategy sessions, a lean business plan template that condenses crucial information into 1-2 pages may be more effective. Regardless of the format, make certain you include key elements, such as the executive summary, market analysis, and financial projections. Using bullet points and clear headings will improve readability and help your audience navigate through the document efficiently. Structuring Your Business Plan: Key Sections A well-structured business plan typically consists of six key sections that work together to present a thorough overview of your business. These sections include: Section Description Purpose Executive Summary High-level overview, mission, and financials Snapshot for investors Company Description Structure, vision, and target market Clarifies identity and purpose Products and Services Offerings, pricing, and competitive advantages Showcases market needs Market Analysis Industry dynamics and competition Validates business opportunity Marketing Strategy Plans for reaching your target audience Guides promotional efforts Utilizing a business plan template PDF can help streamline this process. For inspiration, consider reviewing an executive summary of business plan sample to understand effective presentation styles. Crafting an Effective Executive Summary When crafting an effective executive summary, you’ll want to provide a clear snapshot of your business and its goals. This section should summarize crucial components like your mission statement, target market, and competitive advantages, all while maintaining a concise writing style. Key Components Overview Crafting an effective executive summary is essential for any business plan, as it serves as the initial touchpoint for potential investors or stakeholders. To create a compelling summary, focus on these key components: Mission Statement and Objectives: Clearly state your business’s mission and key objectives to establish direction and purpose. Market Opportunity: Provide a snapshot of the market environment, highlighting your target audience and estimated market share to showcase growth potential. Leadership Team: Highlight the qualifications and experience of your leadership team, reinforcing credibility and confidence in executing the financial plan for your business plan. Writing Style Tips To create an effective executive summary, it’s crucial to adopt a writing style that’s both clear and engaging. Start by summarizing your business’s mission statement and key objectives concisely, ideally within a one to two-page format. Clearly articulate the problem your business addresses and the unique solution you offer, ensuring it resonates with potential investors. Don’t forget to highlight financial aspects, such as projected revenue and funding needs, to capture attention and improve credibility. Use straightforward language to make your summary accessible to a broad audience, aligning with effective business plan formatting. Finally, consider using a one page business plan template to structure your ideas efficiently, ensuring your executive summary serves as a compelling introduction to your full document. Developing Your Company Description A thorough company description lays the foundation for your business plan, offering essential insights into your organization’s structure and purpose. When developing your company description, consider these key elements: Business Structure: Clearly define your legal entity type, such as LLC or corporation, and explain ownership distribution among founders or shareholders. Target Market: Articulate your customer base by identifying specific demographics and their needs that your business aims to fulfill. Vision and Mission: Outline your company’s core values, vision, and mission statement to establish a strong identity. Using a business plan template PDF can help you organize these details effectively for your simple business plan. A well-crafted description not only conveys your business’s essence but likewise sets the stage for future sections. Detailing Products and Services Detailing your products and services is vital for creating a compelling business plan that clearly communicates what you offer. Start by clearly describing each product or service, highlighting key features, pricing strategies, and unique selling propositions that set you apart. Include information on production processes and sourcing methods that improve quality. Address customer benefits, focusing on specific problems your offerings solve. A competitive analysis is important, so compare your services to similar offerings, showcasing advantages like pricing and features. Discuss the lifespan of your products and any future development plans, emphasizing innovation and adaptation based on market trends. This thorough approach forms a solid foundation for your marketing company business plan and serves as a useful business project outline example. Conducting Market Analysis When you conduct market analysis, you’ll want to focus on industry trends, the competitive environment, and identifying your target market. Comprehending these elements helps you spot growth opportunities and assess potential risks that could impact your business. Industry Trends Overview Conducting a thorough market analysis is vital for comprehending the dynamics within your industry, as it provides insights into key trends that can influence your business’s success. Here are three fundamental areas to focus on: Growth Rates: Understand the growth potential of your industry to forecast demand accurately. Consumer Behavior: Analyze shifts in purchasing preferences, like sustainability or online shopping, to adapt your offerings. Demographics: Utilize demographic data to define your target market, including age, income, and behaviors. Incorporating these insights into your business plan template pdf will improve your market analysis, making it more robust and credible, especially for potential investors. This foundation helps you tailor strategies that align with industry trends, promoting informed decision-making. Competitive Landscape Assessment To effectively position your business in the market, it is crucial to assess the competitive environment. Start by identifying key competitors and analyzing their strengths and weaknesses. Use tools like SWOT analysis to evaluate your business against competitors. Comprehending industry trends and consumer behavior helps predict future market movements, ensuring your strategy remains relevant. Regularly update this analysis to reflect changes in the competitive environment. Here’s a simple framework for your competitive environment assessment: Competitor Name Strengths Weaknesses Competitor A Strong brand loyalty High pricing Competitor B Diverse offerings Limited market reach Competitor C Innovative products Poor customer service Competitor D Strong online presence Weak offline presence Competitor E Established reputation Slow product updates Utilize a business plan format sample pdf or a startup business plan template to document your findings. Target Market Identification How well do you understand your target market? Identifying your target audience is essential for tailoring your business strategies effectively. To conduct a thorough market analysis, consider these steps: Research demographics like age, gender, income level, and purchasing behavior. Use surveys and focus groups to gather insights into consumer preferences and motivations. Analyze competitors to identify their strengths and weaknesses, allowing you to find market gaps. Estimating your total addressable market (TAM) can help guide your financial projections. Keep an eye on industry trends and external influences to adapt your strategies. Utilize a business plan template pdf or sample business plan pdf to organize your findings, ensuring your plan addresses the needs of your target market effectively. Formulating a Marketing Strategy When you’re formulating a marketing strategy, it’s essential to create a clear and effective plan that targets specific customer segments. Start by identifying your target demographics, as customized tactics can boost conversion rates by up to 20%. Utilize a mix of digital channels like social media and email marketing to improve brand visibility—companies employing omnichannel strategies retain 89% of their customers. Incorporate content marketing to attract leads, as it generates three times more leads than traditional methods and costs 62% less. Establish a strong value proposition, which influences 64% of consumers’ purchasing decisions. Regularly analyze metrics such as customer acquisition cost and ROI to optimize your strategy, leading to enhanced profitability and growth. Consult a business plan template PDF for guidance on how to write a business plan effectively. Preparing Financial Projections and Funding Requests A solid marketing strategy lays the groundwork for your business, but preparing financial projections and funding requests is equally important for securing the necessary resources to turn your vision into reality. Follow these steps: Create detailed financial projections: Include monthly revenue and expense forecasts for the first year and annual projections for the next two to five years, based on realistic assumptions. Outline funding requirements: Specify the total amount needed, its intended use, and the timeline for when you’ll need the funds. Incorporate a break-even analysis: This helps investors understand when your business will become profitable. Using a 1-page business plan template can streamline this process, ensuring that your financial projections and funding requests are clear and compelling. Frequently Asked Questions How to Write a Business Plan Step by Step Guide? To write a business plan step by step, start with an executive summary that outlines your business’s mission. Next, describe your company, detailing its structure and offerings. Conduct market analysis to identify your target audience and competitors, then develop a marketing strategy. Define clear business objectives and KPIs to track success. Finally, include financial projections and regularly update your plan to adapt to market changes, ensuring it remains relevant and effective. What Are the 7 Steps of a Business Plan Template? The seven steps of a business plan template are crucial for structuring your ideas. First, the Executive Summary provides a snapshot of your business. Next, the Company Description outlines your business structure and target market. Then, the Market Analysis assesses industry trends and competition. Following that, the Marketing Strategy details how you’ll reach customers. The Operational Plan explains daily operations, whereas the Financial Summary includes projections and funding needs, ensuring your plan is thorough and clear. How Do I Format a Business Plan Document? To format a business plan document, start by organizing it into clearly labeled sections like Executive Summary and Market Analysis. Use bullet points and numbered lists to simplify complex information. Keep a consistent font style, ideally Times New Roman or Arial at 11 or 12 points, ensuring proper alignment and spacing. Incorporate visuals such as charts or graphs for clarity, and make sure they’re labeled and referenced appropriately throughout the text for easy comprehension. What Are the 7 Parts of a Business Plan? The seven crucial parts of a business plan are the Executive Summary, Company Description, Products and Services, Market Analysis, Marketing Strategy, Operational Plan, and Financial Summary. Each section serves a specific purpose: the Executive Summary provides an overview, whereas the Company Description details your business’s identity. The Market Analysis assesses competition, the Marketing Strategy outlines your promotional approach, the Operational Plan describes your operations, and the Financial Summary presents revenue and funding needs. Conclusion In conclusion, mastering business plan formatting is crucial for presenting your vision clearly and effectively. By comprehending your audience and selecting the appropriate format, you can organize key sections like the executive summary, company description, and financial projections. Regular updates to your plan guarantee it remains relevant in a changing market. In the end, a well-structured business plan not just guides your operations but likewise serves as a persuasive tool for attracting potential investors and partners. Image via Google Gemini This article, "Mastering Business Plan Formatting – A Step-by-Step Guide" was first published on Small Business Trends View the full article

Campaign will check housing and public buildings for safety, Beijing saysView the full article

This summer, Ryan Reynolds and Hugh Jackman became co-owners of Australia’s three-time champion SailGP team. Days earlier, Anne Hathaway joined a female-led consortium purchasing Italy’s team for around $45 million. Kylian Mbappé has bought into France’s squad, while Sebastian Vettel, Deontay Wilder, and DeAndre Hopkins have each acquired stakes in teams. So, what’s drawing A-list celebrities away from traditional sports properties and toward a sailing league that’s only been around for six years? The answer lies in how SailGP has cracked a code that eluded the sport for centuries. What Russell Coutts, the league’s CEO and cofounder, described as once being “white triangles on a blue background racing far away from shore” now looks more like Formula 1 on water. Flying boats, record speeds Forget everything you think you know about sailboats. SailGP’s F50 catamarans fly above the water on hydrofoils—underwater wings that lift the hulls completely out of the water—at speeds exceeding 100 kilometers per hour. That’s 62 mph. On water. Powered only by wind. Most powerboats can’t even keep up. The boats don’t use traditional sails. Instead, the 50-foot boats have rigid wings built like airplane wings turned vertical, standing up to 80 feet tall. “This produces what we, in engineering terms, call a lift coefficient that is three times higher than a thin membrane sail,” Coutts explains. Translation: They catch wind more efficiently than conventional sails, generating massive thrust even in light conditions. When a boat moves forward, it creates its own wind—just like how your hand feels resistance when you stick it out a car window. By angling these high-efficiency wings correctly, F50s use both the actual wind and the wind they create through their own speed to go more than three times faster than the wind itself. Nine-minute races and $80 tickets Traditional sailing races stretched for hours with boats barely visible from shore. SailGP races last nine to 12 minutes and feature four races per day: short, intense bursts with enough time between heats for a bathroom break and a cocktail. The shorter race format enables something traditional sailing never could: close-to-shore competition in iconic harbors. Events happen in places like Sydney Harbor, New York Harbor, and San Francisco Bay. Stadium seating sells out weeks in advance. Auckland and Portsmouth each drew 25,000 ticketed fans. Tickets start at $80 for waterfront grandstand seats—accessible pricing that brings the sport to a far broader audience than the yacht club exclusivity of traditional sailing. Fans can watch from grandstands or rent a boat and watch from the water. It’s part race, part waterfront festival. The spectacle translates to screens, too. Augmented reality graphics superimposed on the water create a visible playing field with boundaries, like the yard markers on a football field. Before this, even dedicated sailing fans struggled to follow races on TV. Now, even the most casual fan can understand who’s winning and why. Since launching in 2019, viewership has reached 200 million per season across 212 territories globally. CBS attracted 1.78 million viewers for its Spain Sail Grand Prix broadcast—the largest audience for a sailing event in the U.S. in 30 years—exceeding what some regular-season NHL games pull. More recently, on November 23, CBS’s broadcast of The Race to Abu Dhabi drew 3.47 million viewers, breaking the previous U.S. viewership record for a sailing event established by the 1992 America’s Cup on ABC. “We were pleasantly surprised to find that the appeal to the racing fan was identical to the appeal to the avid sailing fan,” Coutts recalls. “We’ve got confidence now that the product stands up.” From money pit to money maker In 2019, Coutts and Oracle cofounder Larry Ellison launched SailGP with one deceptively simple innovation: a regular season. For decades, professional sailing meant wealthy enthusiasts funding expensive hobbies with no return. The America’s Cup—sailing’s premier event for 174 years—exemplified the broken model. Imagine if the Super Bowl happened once every four years with no regular season in between. No predictable schedule. No way for athletes to plan or build a career. That’s been the America’s Cup. Sponsors couldn’t justify the investment. Broadcasters couldn’t build programming around it. Teams couldn’t make it profitable. “It sounds so simple, doesn’t it?” says Jimmy Spithill, CEO and co-owner of the Red Bull Italy SailGP Team. “But whether you’re an athlete, a sponsor, or a broadcaster—if it wasn’t a regular season, how could you plan?” Upon founding, Ellison committed to funding the league for five years. But the transformation happened faster than anyone expected. Teams that couldn’t be sold in 2019 now command $60 to $70 million valuations. Four of the league’s 12 teams are already profitable—a milestone that took the WNBA 13 years to achieve and that Wrexham, Reynolds’ soccer team, still hasn’t reached. In traditional sailing, teams burned millions on secret boat development that never stopped. That game is over. The business model prevents this money pit problem. All teams race identical boats. All performance data is completely shared—boat telemetry, race strategies, even engineering insights. When the league develops an upgrade—new hydrofoils, better control systems—every team gets it simultaneously. There is no buying wins. “Everyone’s on the same equipment,” Spithill says. “So no one has a technical advantage.” The investment thesis that sold Hollywood When Gian Luca Passi de Preposulo evaluated investing in the Red Bull Italy team, he saw something bigger than sailing. The Italian luxury brand executive who spent years at Giorgio Armani and Moncler recognized a familiar pattern. “I saw a growing sport with an incredible heritage because of the America’s Cup,” he says. “Millions of fans following this through generations, but no competition on a weekly or monthly base.” Passi de Preposulo recognized the pattern: a legacy sport with millions of fans but no consistent competition to follow—exactly the gap SailGP’s regular season format filled. But he also saw that the business model offers investment advantages impossible in more mature leagues. National team scarcity—one per country, capped at around 20 teams total—creates inherent value. Buying a $60 million SailGP team gives you a significantly larger ownership stake and more governance rights than putting that same money into a $5 billion NFL franchise. Men and women race together on the same boats—unusual in professional sports—doubling the target audience and appealing to the increasing pool of investors backing women’s sports. Teams operate on standard sports economics: sponsorship, broadcast revenue shares, and licensing. But only six years in, most revenue streams remain undeveloped. The four profitable teams achieved this through sponsorship alone. Cash cows like broadcast rights and licensing represent pure upside. Team valuations reflect this trajectory. “In season three, you could have bought a team for $20 million,” Coutts says. “Now you’re not going to buy a team for under $70.” Scaling SailGP From six teams and five events in 2019, SailGP now runs 12 teams across 12 events. The target: 20-plus events annually, matching Formula 1’s 24. Teams 13 and 14 are already sold for the 2026 and 2027 seasons, and the league projects over $200 million in annual revenue by season’s end, which culminates this weekend with the Grand Final in Abu Dhabi, where the top three teams will compete for a $2 million prize. Rolex signed a 10-year title sponsorship, renaming the competition the Rolex SailGP Championship. “It’s by far the biggest partnership in sailing,” Coutts says. Amazon, Tommy Hilfiger, and T-Mobile have also joined as team sponsors. Events now generate an average $26.2 million in economic impact for host cities—quadruple the $6.8 million from Season 1, according to SailGP. For context, Formula 1 races generate $200 to $400 million. The celebrity investment impact is measurable. Market research firm YouGov tracks “buzz scores”—a measure of whether people are hearing positive or negative things about a brand. In Australia, SailGP scores jumped from 22.0 to 26.3 in two weeks following the Reynolds and Jackman announcement. France saw similar lifts after Mbappé’s investment. For Reynolds, SailGP represents another portfolio expansion. His Maximum Effort Investments backs Wrexham AFC, Club Necaxa, La Equidad, and Alpine F1. His Wrexham success—transforming an obscure Welsh soccer club through marketing genius and storytelling—offers a template as SailGP looks to continue its growth, both in investment and global audience. “The fact that we can get that sort of [celebrity] involvement in one of the teams is amazing,” Coutts says. “And they’ll have some fun with it too, which is what it’s all about.” View the full article

The U.S. government has caused massive food waste during President Donald The President’s second term. Policies such as immigration raids, tariff changes, and temporary and permanent cuts to food assistance programs have left farmers short of workers and money, food rotting in fields and warehouses, and millions of Americans hungry. And that doesn’t even include the administration’s actual destruction of edible food. The U.S. government estimates that more than 47 million people in America don’t have enough food to eat—even with federal and state governments spending hundreds of billions of dollars a year on programs to help them. Yet, huge amounts of food—on average in the U.S., as much as 40% of it—rots before being eaten. That amount is equivalent to 120 billion meals a year: more than twice as many meals as would be needed to feed those 47 million hungry Americans three times a day for an entire year. This colossal waste has enormous economic costs and renders useless all the water and resources used to grow the food. In addition, as it rots, the wasted food emits in the U.S. alone over four million metric tons of methane—a heat-trapping greenhouse gas. As a scholar of wasted food, I have watched this problem worsen since The President began his second term in January 2025. Despite this administration’s claim of streamlining the government to make its operations more efficient, a range of recent federal policies have, in fact, exacerbated food wastage. Immigration policy Supplying fresh foods, such as fruits, vegetables, and dairy, requires skilled workers on tight timelines to ensure ripeness, freshness, and high quality. The The President administration’s widespread efforts to arrest and deport immigrants have sent Immigration and Customs Enforcement, the Border Patrol, and other agencies into hundreds of agricultural fields, meat processing plants, and food production and distribution sites. Supported by billions of taxpayer dollars, they have arrested thousands of food workers and farmworkers—with lethal consequences at times. Dozens of raids have not only violated immigrants’ human rights and torn families apart: They have jeopardized the national food supply. Farmworkers already work physically hard jobs for low wages. In legitimate fear for their lives and liberty, reports indicate that in some places 70% of people harvesting, processing, and distributing food stopped showing up to work by mid-2025. News reports have identified many instances where crops have been left to rot in abandoned fields. Even the U.S. Department of Labor declared in October 2025 that aggressive farm raids drive farmworkers into hiding, leave substantial amounts of food unharvested and thus pose a “risk of supply shock-induced food shortages.” Foreign aid cuts When the The President administration all but shut down the U.S. Agency for International Development in early 2025, the agency had 500 tons of ready-to-eat, high-energy biscuits worth US$800,000, stored to distribute to starving people around the world who had been displaced by violence or natural disasters. With no staff to distribute the biscuits, they expired while sitting in a warehouse in Dubai. Incinerating the out-of-date biscuits reportedly cost an additional $125,000. An additional 70,000 tons of USAID food aid may also have been destroyed. Tariffs In the late 20th century, as globalized trade patterns grew, U.S. farmers struggled with agricultural prices below their production costs. Yet tariffs in the first The President administration did not protect small farms. And the tariffs imposed in early 2025, after The President regained the White House, severed U.S. soybean trade with China for months. Meanwhile, there’s nowhere to store the mountains of soybeans. An October 2025 agreement may resume some activity, but at lower price levels and a slower pace than before, as China looks to Brazil and Argentina to meet its vast demand. Though the soybeans were intended to feed the Chinese pig industry, not humans, the specter of waste looms both in terms of the potential spoilage of soybeans and the actual human food that could have been grown in their place. Other efforts lead to more waste Since taking office, the second The President administration has taken many steps aimed at efficiency that actually boosted food waste. Mass firings of food safety personnel risks even more outbreaks of foodborne diseases, tainted imports, and agricultural pathogens—which can erupt into crises requiring mass destruction, for instance, of nearly 35,000 turkeys with bird flu in Utah. In addition, the administration canceled a popular program that helped schools and food banks buy food from local farmers, though many of the crops had already been planted when the cancellation announcement was made. That food had to find new buyers or risk being wasted, too. And the farmers were unable to count on a key revenue source to keep their farms afloat. Also, the administration slashed funding for the Federal Emergency Management Agency that helped food producers, restaurants, and households recover from disasters—including restoring power to food-storage refrigeration. The fall 2025 government shutdown left the government’s major food aid program, SNAP, in limbo for weeks, derailing communities’ ability to meet their basic needs. Grocers, who benefit substantially from SNAP funds, announced discounts for SNAP recipients—to help them afford food and to keep food supplies moving before they rotted. The Department of Agriculture ordered them not to, saying SNAP customers must pay the same prices as other customers. Food waste did not start with the The President administration. But the administration’s policies—though they claim to be seeking efficiency—have compounded voluminous waste at a time of growing need. This Thanksgiving, think about wasted food—as a problem, and as a symptom of larger problems. American University School of International Service master’s student Laurel Levin contributed to the writing of this article. Tevis Garrett Graddy-Lovelace is a provost associate professor of environment, development and health at the American University School of International Service. This article is republished from The Conversation under a Creative Commons license. Read the original article. View the full article

Thanksgiving is behind us, which means the holiday shopping season has officially begun. And that means that both companies and third-party retailers will spend every day between now and Christmas morning trying to get you to spend your consumer dollars with them. As in years past, one of the most sought-after gifts will be the smartphone. According to an analysis last month by global marketing research firm NielsenIQ, 37% of shoppers buying tech this season have smartphones on their list. And when it comes to smartphone brands, Apple tops tech buyer preferences, with 54% of those surveyed looking to buy an iPhone. But as anyone who knows Apple well knows, the company rarely offers sales on its iconic smartphone—even during the holidays. Yet that doesn’t mean iPhone deals can’t be had this festive season. You just need to know where to look. Here are three shopping hacks you can use to find the best deals on iPhones this holiday season. Use price tracking websites to keep tabs on iPhone sales There’s no shortage of places to buy an iPhone. Besides purchasing one directly from Apple, you can pick one up at nearly anywhere where electronics are sold, including Amazon, Best Buy, Target, Walmart, carrier stores like AT&T and Verizon, eBay, and more. Yet manually checking to see if any of these third-party resellers offer iPhone deals during the holidays (which they often do) can be time-consuming. But that’s where price tracking websites come in. They let you quickly check whether an iPhone is on sale and often provide the direct link to buy it before the sale price disappears. There are numerous price tracking websites and apps you can use to find the best sales on an iPhone. These include sites like CamelCamelCamel, which tracks the prices of products available on Amazon. Just type in the iPhone model you are looking for in CamelCamelCamel’s search bar, and you’ll see Amazon’s current price of the model, along with new and used prices from third-party resellers on the site. You can also add your desired iPhone to a price watch list, and CamelCamelCamel will notify you as soon as it detects a sale. There are also plenty of tech sites that offer dedicated price trackers for Apple products, including iPhones. Some of the better ones include AppleInsider’s iPhone Price Guide and 9to5Toys’ Apple tracker. The advantage of checking these sites is that they tend to show iPhone deals from across the web, not just on Amazon. MacPrices.net also keeps a good running list of iPhone deals. Use Google Chrome’s Shopping Insights and price tracking Yes, it’s somewhat ironic that Apple’s competitor, Google, can help you find a good deal on the iPhone. But it can. Google’s Chrome browser offers a feature called “Shopping Insights” that lets you view the price of a product over time, track its price, and receive notifications when the price drops. The tool is great for those looking for a deal on an iPhone (or any other product) but don’t want to check dedicated price-tracking websites multiple times a day. “Shopping Insights” is built into Chrome on PC, Mac, Android, and iOS and is simple to use. Just go to a retailer’s website and look up the iPhone you want to buy. In Chrome’s URL bar, you’ll see a shopping bag icon. Tap it to get shipping insights for your desired iPhone, click “Save and Track Price,” then turn on price notifications to be alerted when the iPhone you want goes on sale. (Full details about how to use Chrome’s Shopping Insights and price tracking tools can be found here.) Use ChatGPT to find the best holiday deals on iPhone The holidays are a busy time, so maybe you don’t want to spend your time browsing price tracking websites or clicking around in Chrome to find iPhone deals. In that case, this final shopping hack to help you find a deal on an iPhone is probably for you: Just ask ChatGPT. Given that you can use ChatGPT to find deals on flights, it should be no surprise that you can also use OpenAI’s chatbot to assist you in finding the best holiday shopping deals for an iPhone. I asked ChatGPT where I could buy an iPhone 16 with at least 256 GB of storage for the best deal right now, and the chatbot instantly returned a list of results showing a range of prices for the model, both new and used, along with direct links to where I could buy them. It was by far the easiest and fastest way to find iPhone deals out of all the methods above. View the full article

Three years ago, if someone needed to fix a leaky faucet or understand inflation, they usually did one of three things: typed the question into Google, searched YouTube for a how-to video or shouted desperately at Alexa for help. Today, millions of people start with a different approach: They open ChatGPT and just ask. I’m a professor and director of research impact and AI strategy at Mississippi State University Libraries. As a scholar who studies information retrieval, I see that this shift of the tool people reach for first for finding information is at the heart of how ChatGPT has changed everyday technology use. Change in searching The biggest change isn’t that other tools have vanished. It’s that ChatGPT has become the new front door to information. Within months of its introduction on Nov. 30, 2022, ChatGPT had 100 million weekly users. By late 2025, that figure had grown to 800 million. That makes it one of the most widely used consumer technologies on the planet. Surveys show that this use isn’t just curiosity—it reflects a real change in behavior. A 2025 Pew Research Center study found that 34% of U.S. adults have used ChatGPT, roughly double the share found in 2023. Among adults under 30, a clear majority (58%) have tried it. An AP-NORC poll reports that about 60% of U.S. adults who use AI say they use it to search for information, making this the most common AI use case. The number rises to 74% for the under-30 crowd. Traditional search engines are still the backbone of the online information ecosystem, but the kind of searching people do has shifted in measurable ways since ChatGPT entered the scene. People are changing which tool they reach for first. For years, Google was the default for everything from “how to reset my router” to “explain the debt ceiling.” These basic informational queries made up a huge portion of search traffic. But these quick, clarifying, everyday “what does this mean” questions are the ones ChatGPT now answers faster and more cleanly than a page of links. And people have noticed. A 2025 U.S. consumer survey found that 55% of respondents now use OpenAI’s ChatGPT or Google’s Gemini AI chatbots about tasks they previously would have asked Google search to help them with, with even higher usage figures for the U.K. Another analysis of more than 1 billion search sessions found that traffic from generative AI platforms is growing 165 times faster than traditional searches, and about 13 million U.S. adults have already made generative AI their go-to tool for online discovery. This doesn’t mean people have stopped “Googling,” but it means ChatGPT has peeled off the kinds of questions for which users want a direct explanation instead of a list of links. Curious about a policy update? Need a definition? Want a polite way to respond to an uncomfortable email? ChatGPT is faster, feels more conversational and feels more definitive. At the same time, Google isn’t standing still. Its search results look different than they did three years ago because Google started weaving its AI system Gemini directly into the top of the page. The “AI Overview” summaries that appear above traditional search links now instantly answer many simple questions—sometimes accurately, sometimes less so. But either way, many people never scroll past that AI-generated snapshot. This fact combined with the impact of ChatGPT are the reasons the number of “zero-click” searches has surged. One report using Similarweb data found that traffic from Google to news sites fell from over 2.3 billion visits in mid-2024 to under 1.7 billion in May 2025, while the share of news-related searches ending in zero clicks jumped from 56% to 69% in one year. Google search excels at pointing to a wide range of sources and perspectives, but the results can feel cluttered and designed more for clicks than clarity. ChatGPT, by contrast, delivers a more focused and conversational response that prioritizes explanation over ranking. The ChatGPT response can lack the source transparency and multiple viewpoints often found in a Google search. In terms of accuracy, both tools can occasionally get it wrong. Google’s strength lies in letting users cross-check multiple sources, while ChatGPT’s accuracy depends heavily on the quality of the prompt and the user’s ability to recognize when a response should be verified elsewhere. OpenAI is aiming to make it even more appealing to turn to ChatPGT first for search by trying to get people to use a browser with ChatGPT built in. Smart speakers and YouTube The impact of ChatGPT has reverberated beyond search engines. Voice assistants, such as Alexa speakers and Google Home, continue to report high ownership, but that number is down slightly. One 2025 summary of voice-search statistics estimates that about 34% of people ages 12 and up own a smart speaker, down from 35% in 2023. This is not a dramatic decline, but the lack of growth may indicate a shift of more complex queries to ChatGPT or similar tools. When people want a detailed explanation, a step-by-step plan or help drafting something, a voice assistant that answers in a short sentence suddenly feels limited. By contrast, YouTube remains a giant. As of 2024, it had approximately 2.74 billion users, with that number increasing steadily since 2010. Among U.S. teens, about 90% say they use YouTube, making it the most widely used platform in that age group. But what kind of videos people are looking for is changing. People now tend to start with ChatGPT and then move to YouTube if they need the additional information a how-to video conveys. For many everyday tasks, such as “explain my health benefits” or “help me write a complaint email,” people ask ChatGPT for a summary, script or checklist. They head to YouTube only if they need to see a physical process. You can see a similar pattern in more specialized spaces. Software engineers, for instance, have long relied on sites such as Stack Overflow for tips and pieces of software code. But question volume there began dropping sharply after ChatGPT’s release, and one analysis suggests overall traffic fell by about 50% between 2022 and 2024. When a chatbot can generate a code snippet and an explanation on demand, fewer people bother typing a question into a public forum. So where does that leave us? Three years in, ChatGPT hasn’t replaced the rest of the tech stack; it’s reordered it. The default search has shifted. Search engines are still for deep dives and complex comparisons. YouTube is still for seeing real people do real things. Smart speakers are still for hands-free convenience. But when people need to figure something out, many now start with a chat conversation, not a search box. That’s the real ChatGPT effect: It didn’t just add another app to our phones—it quietly changed how we look things up in the first place. Deborah Lee is a professor and director of research impact and AI strategy at Mississippi State University. This article is republished from The Conversation under a Creative Commons license. Read the original article. View the full article

There’s an old myth that Inuit cultures have as many as a hundred words for snow. I remember learning about it in school, and there was just something wonderful about the idea that people’s perceptions can be so deeply rich and different. I guess that’s why, although it has been debunked many times, the story keeps getting repeated. There is also a lot of truth to the underlying concept. As anybody who has ever learned another language or lived in a different culture knows, people’s perceptions vary widely. In The WEIRDest People In The World, Harvard’s Joseph Henrich documents how important and interesting these differences can be. So if the Inuit snow myth highlights an important concept, many would argue that there’s no real harm in repeating it, in much the same way we continue to tell the apocryphal story of George Washington cutting down his father’s cherry tree. Yet truth matters. Once we start degrading it, we lose our ability to understand what is often a messy and nuanced world. What do you call a square? What makes the Inuit snow myth compelling is that it so viscerally illustrates how language can reveal deeper truths. For example, in German the word for square is Platz and in neighboring Poland, it is Plac, a word that is pronounced very similarly. In Russian, the word is Ploshchad, so again, you can see the family resemblance. In Ukraine, however, which is geographically and linguistically in the middle of all those countries, the word for square is completely different. It is Maidan and comes from Turkish, which gives you hints about Ukraine’s history with the Crimean Khanate, its historical ties to Byzantium, and lots of other interesting things. Slavic languages are filled with these fascinating historical remnants. The word slav comes from the same root as “word” (slov). So Slavs considered themselves “people of the word.” The word for German in slavic languages is “Niemiec,” which roughly translates to “doesn’t speak,” and shows how the Slavs considered the Germanic tribes Barbarians. Languages, of course, continue to evolve. Since the early 1990s, the Independence Square in the center of Kyiv, the Maidan Nezalezhnosti, has been the place where people go to protest, especially during the Orange Revolution in 2004 and the Revolution of Dignity in 2014. So today, when Ukrainians say that it’s time to “go to the Maidan,” they mean it’s time to revolt.” The Inuit snow myth alerts us to the possibility of examining languages in this way and many would argue that we shouldn’t let the truth get in the way of a good story. Still, once we abandon truth, we start down a troubled path. The myths of Blockbuster, Kodak, and Xerox PARC We tell stories because specific narratives can often point to more general principles. For example, when pundits want to show the dangers of complacent corporate giants getting caught sleeping, they often point to Blockbuster, Kodak, and Xerox. Yet, much like the Inuit snow myth, these stories aren’t really true. Let’s look at each one in turn. Blockbuster is supposedly a cautionary tale because it ignored Netflix until it was too late. Yet as Gina Keating, who covered the story for years at Reuters, explains in her book Netflixed, the video giant moved relatively quickly and came up with a successful strategy. The real problem was that those changes tanked the stock price and the strategy was reversed when CEO John Antioco left after a compensation dispute with investor Carl Icahn. In a similar vein, we’re often told that, after inventing digital photography, Kodak ignored the market. Nothing could be further from the truth. In fact, its EasyShare line of cameras were top sellers. It also made big investments in quality printing for digital photos. The problem was that it made most of its money on developing film, a business that completely disappeared. Another popular fable is that Xerox failed to commercialize the technology developed at its Palo Alto Research Center (PARC), when in fact the laser printer developed there saved the company. What also conveniently gets left out is that Steve Jobs was able to get access to the company’s technology to build the Macintosh because Xerox had invested in Apple and then profited handsomely from that investment. I recently got the chance to discuss each of these with Paul Nunes, who for years headed up thought leadership at Accenture, on Aidan McCullin’s Innovation Show and what we noticed was that, in each case, the pundit version would lead you exactly the wrong way. Blockbuster’s problem wasn’t that they ignored external threats, but failed to account for internal resistance. Digital photography would never have replaced Kodak’s film developing business and Xerox PARC is actually a success story that other firms would do well to emulate. Feynman’s Law History is full of brave souls who defied the status quo. In the 1840s, Ignaz Semmelweis pioneered handwashing in hospitals, only to be rebuked by the medical establishment. In the early 20th century, William Coley pioneered cancer immunotherapy, only to be ignored. Barry Marshall was pilloried for his work that showed peptic ulcers were caused not by stress, but by the bacterium H. pylori. Yet being contrarian doesn’t make you right. During Soviet times, Trofim Lysenko’s pseudoscientific agricultural theories led to crop failures and contributed to famines that killed millions. More recently, Robert F. Kennedy Jr.’s vaccine skepticism has coincided with a resurgence of measles. So how do we engage in healthy skepticism of the zeitgeist without descending into quackery? The physicist Richard Feynman, one of the greatest minds of the 20th century, offers helpful guidance. He said that science begins with a guess. That’s not only allowable, but necessary. To discover something new, you need to let your mind roam free. Impossible, even ridiculous ideas, are how we break new ground. Yet the second step is crucial: you have to test your ideas. Or, as Feynman put it, “If it disagrees with experiment, it’s wrong. In that simple statement is the key to science. It doesn’t make any difference how beautiful your guess is, it doesn’t matter how smart you are, who made the guess, or what his name is … If it disagrees with experiment, it’s wrong. That’s all there is to it.” The Narrative Fallacy The neuroscientist Antonio Damasio believes we encode experiences in our bodies as somatic markers and that our emotions often alert us to things that our brains aren’t aware of. Another researcher, Joseph Ledoux, reached similar conclusions. He pointed out that our body reacts much faster than our mind, such as when we jump out of the way of an oncoming object and only seconds later realize what happened. Nobel Laureate Daniel Kahneman suggests that we have two modes of thinking. The first is emotive, intuitive, and fast. The second is rational, deliberative, and slow. Our bodies evolved to make decisions quickly in life-or-death situations. Our rational minds came much later and don’t automatically engage. It takes conscious effort to activate the second system. The problem is that when something feels right, humans have a tendency to build stories around them. False fables like those about Blockbuster, Kodak, and Xerox, purport to teach us important lessons, but the truth is that they rob us of the opportunity to unlock deeper insights. That’s why I’ve learned to be suspicious of good stories, especially those that I want to be true because they just feel right. We need to constantly interrogate our feelings, especially in areas for which we do not have specific training or relevant expertise. We need to understand what exactly our emotions are alerting us to, and that requires us to engage our rational mind. That’s why, sometimes, you need to let the truth get in the way of a good story. View the full article

The Booker Prize would not have gone to David Szalay’s ‘Flesh’ a few years agoView the full article

Bankers are expecting easing of leverage ratio as part of forthcoming reviewView the full article

The buffer Reeves built into her plans is admirable, but no guarantee of avoiding the nasty dilemmas to come View the full article

Rachel Reeves included a measure to limit an inheritance tax charge cited by wealthy as reason for leaving countryView the full article

Rachel Reeves has steered the gilt market to a less skittish place with the BudgetView the full article

Steven Wood pushes for board overhaul after giving up hope of constructive relations with controlling Hayek familyView the full article

The real losers from Rachel Reeves’ financial statement were not the wealthy, but those on the way to wealthView the full article

Nobel-winning economist Daron Acemoglu on Zohran Mamdani’s rise, the problem with cultural politics — and the case for pro-worker AI View the full article