Business ideas are a dime a dozen these days—everyone has a good one. What separates the successful entrepreneur from a dreamer is their ability to turn that idea into a plan. There is a common misconception that the moment you are struck with a valid business idea, you need to write a business plan. But in reality, there are several steps that need to be taken before you … [Read more...]
Each year, more and more small businesses are founded and owned by female entrepreneurs. The world has moved on from the time when men were the providers and women housewives. Nowadays, the number of small businesses owned by women is growing two times faster than other small businesses, and female entrepreneurs are the fastest growing segment of business owners. No surprise … [Read more...]
Running a small business is no easy task. You’re constantly spinning plates, trying to develop and maintain a loyal customer base while still making money in the process. Luckily, 70 percent of small businesses last at least two years. To make sure your business is a part of this majority, here are a few steps you can take. Grow at the Right Rate Common sense says that the … [Read more...]
According to numerous surveys, 9 out of 10 small and medium businesses (SMBs) and startups end up in a failure. Sure, they don’t all fail for the same reason, nor do they fail in the same way, but one thing they all have in common is that most of them go down during their first year. Those who manage to get past this important milestone might just pull through. With this in … [Read more...]
Having a good idea does not guarantee success. There are many aspects of a product that need to be taken into consideration, which is something that the investors on the popular television show Shark Tank know a thing or two about. The following is a Shark Tank-inspired guide that will help you on your journey. “Don’t you dare undermine the power of your own instinct.” — … [Read more...]
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