Part of the profitability of certain industries is dictated by the state of the economy most of the time, which means that economic recession and crisis can impact all industries. Aside from that, the profit produced from a retail store or chain is dependent on its competitors and business plan. The sportswear industry alone is currently worth around $62 billion, and it has … [Read more...]
Every person dreams of becoming his own boss. This dream is a factor that plays a huge part in a person’s decision to start a business of his own. Most people just don’t have the temperament or the composure to go their whole life doing a nine-to-five job, which causes many people to start a side hustle in addition to their job. The security of a day job gives them the relief … [Read more...]
If you’re looking to set up your own business, the idea of selling goods to a waiting public might hold some appeal. This is especially true if you already have an expertise or interest in a certain kind of product. Before you boldly give up your day job and set up shop, however, you’ll want to think about some of the obstacles you’ll face along the way, and some of the … [Read more...]
If you are a budding entrepreneur with a great business idea, you may be wondering how you could possibly kickstart your concept into a startup without spending a massive fortune in the process. Even though you will need some capital to get your business idea going, there are several effective ways of reducing your costs, which will ultimately increase your profits. You may … [Read more...]
Running a small business is no simple task. You don’t truly understand how hard it is until you’re in the thick of it, and as a business owner, you’re likely on the go to form new connections and network your new small business. As a new business owner you’ll often find yourself driving around talking to other businesses and spreading the word. With so much time spent on to … [Read more...]
In recent years, makers and creatives have been able to explore different ways to turn their craft into a profitable business. From Etsy shops to Facebook pages, these aspiring entrepreneurs have been able to establish a successful venture. Laser engraving is an overlooked opportunity and a useful starting point for aspiring entrepreneurs. Here's what you need to know about … [Read more...]
As a solopreneur, one of the first “business” decisions I had to make was whether or not to actually go into business for myself. Being an entrepreneur had never been in my plans, let alone running a one-person company. In fact, up to that point, I was more than happy in my day job. Yet, there I was. Facing a cross-country move, which made it a perfect time to start a new … [Read more...]
Do you want to start a company in Switzerland? Then, you’ll need to familiarize yourself with relevant laws and regulations. One important piece of legislation you need to be aware of specifies that any company in Switzerland must have at least one person who’s a resident. So, unless one of your business partners is a Swiss resident, the only other way to be in compliance with … [Read more...]
Are you interested in starting an eCommerce business? The Fulfillment by Amazon or FBA business model may be just what you’re looking for. It’s similar in many aspects to a traditional e-company, however, you don’t have to fulfill your orders one by one. Instead, Amazon stores your products, packs them up, and ships them out to your customers for you. This way of doing … [Read more...]
The taxi business has undergone several changes over the years, and starting in this business means having to take into consideration that we now live in a highly digital era. The market has seen an increase for on-demand taxi apps and private hire. Regardless, be it the traditional taxi or private hire, entering this business is still worthwhile. Self-Employed Driver Being … [Read more...]
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