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Consider creating a “support lexicon” of phrases for your team to live by, such as “my pleasure” and “right away.” A support lexicon is like wearing your team’s colors. It signals, “This is who we are; this is how we do things.” When those values and beliefs are fostered ...
Greet your customers by their first name and share content based on their likes and interests. Moreover, even before your customers contact you, make sure you have enough context. Keep complete customer information- from the products or services they have bought from you to the history of their...
Social engineering attacks trawl for users’ private information, and that can lead to identity theft, extortion, and more. Social engineering attacks often come from apparently trustworthy sources. It’s not just finances that are at stake — sometimes victims’ credit scores and online reputations...
Consensus.Through consensus, all parties agree to the network-verified transaction. Blockchains have various consensus mechanisms, includingproof of stake,multisignature, andPBFT(practical Byzantine fault tolerance). Each blockchain network has various participants who play these roles, among others: ...
Financial value:Each part of the supply chain has economic value. Understanding what financial stake your company has in each step can lead to better processes and efficiencies. Errors:Every step in the supply chain also has the potential for errors, such as unaccepted deliveries or defective mat...
Warren Buffett famously said: “Buy into a company because you want to own it, not because you want the stock to go up.” That’s because when you buy stocks, you purchase a personal stake in a business. Here are some questions to help you screen your potential business partners: ...
Stocks give you a fractional ownership stake in a business, and they’re one of the best ways to build long-term wealth for you and your family. But in the short term, they can be tremendously volatile, so you need to plan to hold them for at least three to five years — the longe...
Equity-based crowdfunding:This is where you offer a stake in your company to investors in exchange for funding. Rewards-based crowdfunding:This is where you offer tangible rewards, such as early access to a product or service, in exchange for funding. ...