Financial risk is already in the meaning of the word “entrepreneur.” But this doesn’t mean that you need to sacrifice hand and foot when you decide to take on this label. Unsurprisingly, seeking funds for your startup can be intimidating, especially if it’s your first trip around the block. That said, you need to have
If yours is one of the small businesses that survived the first few months of the COVID-19 crisis, consider yourself lucky. Online directory Yelp reported that 60% of businesses that closed between March and August of this year would not be re-opening. That accounts for nearly 100,000 small businesses that have had to shut down.
Restaurants have it bad during the pandemic. Without customers dining in, they depend on delivery and take-out orders. But there is a silver lining to this. No customers coming in means that you have the freedom to do renovations without worrying about losing any money from lost customers. This also allows you to prepare for
Many businesses are taking a hit from the pandemic. With many people locked down and focused on essentials, it seems like a recipe for disaster for most companies. But some companies are thriving. The key is adapting and using the opportunities available. Here are some pointers on how your business can still grow despite all
Across different industries, businesses have to adjust their operations to adhere to social distancing regulations and survive amid this current economic downturn. These circumstances have made it challenging for several existing companies to stay afloat and even more difficult for new ones to start. Commencing a startup business is a cumbersome deed under the best
There comes a time in every small business owner’s life when they must begin to seek help in running their business. As your business grows and you become busier and busier, you’re going to need to hire other people to help you. But should you outsource or hire permanent employees? Here’s a list of the
Increasing the value of your products can help increase your sales. The value of a product doesn’t mean the price of a product. The price of a product is how much something costs. The value, also known as the customer’s perceived value, is how a customer sees the value of your product based on how much they
The year 2020 has proven to be a particularly challenging year for most of the modern world. That is mainly due to the COVID-19 pandemic. This disease has infected more than 34 million people as of the third quarter of 2020. From this number, more than a million have lost their lives. The response to
Allowing third parties to take control of the crucial aspects of your business operations is a considerable risk. Well, at least that’s what most company heads tend to think. The truth is that it is probably the catalyst you are missing for your business to step up to the next level. Outsourcing some business operations
When Parks and Recreations ended in 2017, I found myself feeling very lost: it was one of my favorite TV shows of all time, mostly because it was hilarious, but also because it created one of my most favorite characters of all time: Ron Swanson. To give you a little context, Parks and Recreations was
