This Week in Business Strategies

Aug. 9, 2021

This week's roundup discusses the sunk cost fallacy, and how to put together a winning marketing strategy that boosts sales. 

Aug. 9, 2021—To better assist shop owners with their business-building tactics Ratchet+Wrench has compiled a short list of essential leadership material from some of its favorite sources. Here's a look at a few must-read articles from the past week.

4 Simple Marketing Rules that Drove $370 Million in SalesInc. 

Want to win at sales and marketing? Use this proven framework to be more effective.

How to Create a Winning Content-Marketing Strategy in 2021Entrepreneur

Here's a step by step process of how to create a successful content strategy.

How Susceptible Are You to the Sunk Cost Fallacy?Harvard Business Review  

Many managers are susceptible to the famous sunk cost effect, whereby they persist investing in a money-losing project even when it makes sense to invest the new money in alternative new projects.

Sponsored Recommendations

Free Resources for Shops Like Yours

View insights, research and solutions curated specifically for shops like yours.

Restore & Protect: The Powerful Revenue and Profit Accelerator for Your Business

Restore & Protect is a major business opportunity for Valvoline installers with positive impact on profit growth as well as customer satisfaction and loyalty.

Deliver a First-Class Guest Experience

Our dedicated Valvoline Trusted Advisor Sales and Support Team provides hands-on classroom and targeted in-store coaching to help your employees become more skilled at selling...

Promote Growth on Two Fronts: Existing and New Customers

Increase Sales and Customer Traffic To Your Store(s).