Opening a startup is never easy. As an entrepreneur hungry for knowledge, you know that there is a learning curve when you gear up your small business for success. Of course, one of the risks that come with opening a business is that mistakes will always be made. While it might sound so easy on
The recent happenings in our world have challenged how our activities affect nature, so we must be warier of our actions from doing further harm. It is not always enough to incorporate environmentally friendly ways into our homes. We must uphold them in our business endeavors, too. Taking a turn for your business and making
Diversifying your business’s income stream to make more money in your business no matter the scale is a piece of old advice. However, in today’s dwindling economy, it’s advice that’s worth taking. One of the most efficient and least risky ways any business owners can increase their income and profit is by making better use
One of the best ways to meet people in your industry is through socializing events. Attending such events will provide you with an opportunity to mingle with seasoned business owners and learn about how they adapt to the demands of your market. But unfortunately, events like these aren’t held too often because there might be
The effects of COVID-19 continue to impact businesses worldwide, and with no end to this health crisis in sight, businesses are left searching for different ways to stay afloat. An economic report done by Yelp shows that by September of last year, more than 97,966 businesses had gone from a temporary shutdown to a permanent one. If
The global economy isn’t looking too positive, and a global pandemic that threatens the lives of everyone still rages on. Many companies have fallen during this year-long stretch of social distancing and quarantining. Simply put, the economy isn’t in good shape, and everyone fears that this may be the case for the next few years.
Business owners are one of the most affected by the pandemic. And although it’s been difficult to survive during these times, there are many lessons for business owners. 1. Have an emergency fund prepared There’s a famous line people say all the time: “Plan for the unexpected.” But as the pandemic has proven, it isn’t
It was way back in 1475 when the first coffee shop in the world opened. The name of the cafe was Kiva Han and was opened in Constantinople, which we know now as Istanbul. It is remarkable how people came up with such a business idea that still operates today. Coffee shops are everywhere these
Almost every working and capable adult might have dabbled with the thought of starting a company based on one groundbreaking idea. The success stories you see might make you believe that you can pursue your venture, but you will find that reality can be a little bit harsh. Growing businesses will be all over social
Startups are notoriously known for having different pitfalls at the beginning of their business. According to research, around 20% of businesses fail in the first two years. This number falls until around 25%, which is when only businesses of 15 years exist. The trap is set for brave entrepreneurs who try their luck with only their