Entrepreneurial momentum is on an upswing these days. The U.S. Small Business Administration reported there are over 29 million small businesses in America, with over 57 million employees. But despite these high numbers, the hard truth is a large percentage of them fail. And predictions for a successful financial future aren’t always guaranteed. But with […]
There are many benefits to launching and running your own business, whether it’s in retail or the service sector. Unlike working for an employer, as a business owner, the amount of money you make will be directly related to the hard work you put in. You may also have the opportunity to provide employment to […]
There are a lot of factors to small business success. You need to focus on perfecting products, marketing, and systems which work. And, when the times comes, you may also need to consider how to impress larger companies. Never before has the saying ‘little fish in a big sea’ applied more. When you start playing […]
Success for your business isn’t just dependent on the quality of product and service that you are offering to your clients. In fact, it has a lot to do with the marketing strategy that you use and whether its effective in getting people to actually buy the item you are offering. With this in mind […]
It’s a well-known fact that the majority of new startups will fail within their first year on the market. Reports vary on how many, but most statistics tend to fall somewhere between 80 and 97%. This essentially means that regardless of your passion for the company that you are hoping to build or the factors […]
If your business has hit the ground running and is already finding real success in the market, you’re probably rightly delighted. There’s no reason why you should drop the ball now though. It so often happens that businesses that start out well eventually hit a brick wall and start to fail through a combination of […]
The brutal truth of business is that you can do absolutely everything else right from employing the best people, to providing the most fantastic customer service, and none of it will mean a thing if those sales aren’t happening. That is because sales are the bottom line of businesses success, and you can find out […]
Most companies look into various strategic business operations to get an edge over their competitors. One of those ways is to have elaborate procedures for capital management that include compiling a business case for any new investment, prescribing spending limits at each designation, and carefully delegating authorities to manage cash flow. However, intelligent branding means […]
Sometimes the most important thing that you can do to achieve business success is making the right decisions at the right moments. But have you ever considered that your mental state could mean that you make different decisions simply because how you feel at the time? If you take a broad range view and think […]
If you are interested in some facts about some of the most well known franchises out there, you have come to the right place. Understanding how a franchise works is really simple! The owner of the original company who is formally known as the franchisor allows a third party the right to open a company […]
Successful entrepreneurs have one thing in common: they think outside the box. It was this type of thinking that gave us many of the inventions we use in our daily lives, from smartphones to weed whackers. As business expert and serial entrepreneur Scott Vollero says, “Don’t reinvent the wheel – make it better!”
There are plenty of things in life that can stop you from achieving your goals in business. Some personal issues, some health issues – then there are other unavoidable occurrences such as changes in the financial climate and changes in government regulations. However, if you’re not doing everything you can to succeed while perfecting your […]
According to the U.S. Bureau of Labor Statistics, the 10-year survival rate for small businesses founded in 1998 was about 37 percent. That means that nearly two-thirds of small business owners will experience the failure of the business they’ve worked so hard to nurture. All small business owners will experience some degree of failure in […]
No matter how large or small a construction project may be, one can agree that there are various facets and dynamics that must be communicated at all times and, often, immediately. Without effective communication practices in place, completing projects on time, within budget, and to the expectations of a client is nearly impossible. Stakeholders, construction […]
For small business owners to succeed in New Zealand there is a cultural requirement to be altruistic, and the difference between success and failure is based on whether you are interested in helping yourself, or helping others.
Building a business is 20% science and 80% art, and yet all the business schools, the SBA, and the gurus that want to sell us Business Plan software tell us we should treat it like a controlled science experiment in a lab. Business doesn’t work that way.
