Many small business owners in the U.S. are in debt. According to the 2019 Small Business Credit Survey, 70 percent of small employer firms have outstanding debt. Although carrying some debt is necessary to get your business started, taking too much time in paying off your loans can undermine your long-term cash flow. A large
According to a report from the Small Business Administration (SBA), about a third of businesses fold up during the first two years in operation. One common reason for the failure of these businesses is the lack of funding. Money, after all, is the lifeblood of any company. The business will close down if it runs
Office flooring comes in many styles and materials, from bamboo and hardwood to marble and polished stone. But the number one choice for flooring for offices and retail establishments is carpeting, and for good reason. They’re soft, warm, and are easier to maintain than other floor types. All you need is regular vacuuming and the
Kids are an important marketing demographic because, although they do not have the same purchasing power as adults, they can influence their parents’ purchasing decisions. Moreover, kids will also grow up to be the next generation of customers. As such, marketers have invested a lot of time and energy into effective marketing for children. They
Life won’t be the same in many ways as we transition to the “new normal.” One big difference could be the sight of empty retail shops and smaller restaurants and office spaces. After all, the COVID-19 pandemic has forced businesses to run remotely, leaving employees to fulfill their daily duties at home. Will American cities
Many people know McDonald’s to be a fast-food giant. But did you know that the business model of McDonald’s is more than just a fast-food chain? In reality, what makes McDonald’s extremely successful is that it is also a real estate business. This means it is both a company with more 38,000 franchise locations and one that
COVID-19 sucker-punched us. No one ever saw this coming. Not one person out of the seven billion people on Earth could have predicted that the world would be brought down to its knees by an unseen opponent. Yet, here we are now. Struggling to navigate through this global health crisis as we trek deeper into
Running a sports facility is very rewarding, but it can also be expensive and time-consuming once you consider things like maintenance, staff costs, and so on. You should know that the bottom line to running a successful facility, or any business for that matter, is earning money. So how can you do just that? No
You don’t have to be a business owner or an entrepreneur to delve into the world of profits, marketing, and streamlined work processes. Knowing more about how the world functions outside your regular nine-to-five job can give valuable insight that you can use in redefining your work and life. Learning, after all, doesn’t stop in
There are a lot of businesses to choose from when you are thinking of starting a venture. You might be trying to base your idea on the success of each model, which is typical if you want to gain profit. You might also be trying to look for businesses that are easy to maintain. If