Our business culture revolves around studying successes. Read any tech blog and you will drown in a sea of stories of founders who made it. Therein lies the survivorship bias.
Even during your busiest weeks, you probably have a few hidden pockets of time that you can use to grow your business. Here’s how to spot them–and make the most of them.
Today, every business is a technology business. Whether you have a one-person consulting company or a 500-person manufacturing firm, every business must use technology and use it well. But managing tech can be overwhelming to a small business owner — you’ve got other work to do. So, concentrate on the most important ways to spend your time with tech.
The Small Business Administration (SBA) is celebrating October as National Women’s Small Business Month by highlighting the accomplishments and challenges women face.
It is important for a small business owner to know their numbers. This means being able to recall financial numbers that are crucial to the operation. Sales, amount of cash in the bank, labor costs, current accounts receivable aging, and average client ticket amount are all examples of financial measures that could be important for a business owner to know and quickly recall. These measures could be different depending on the business and industry.
From ads to drip campaigns, brands are using messenger apps to better connect with their users. With record-breaking engagement (up to 80%!) on messenger apps, it’s no wonder.
Running a small business carries with it a lot of risks and rewards. The best way to mitigate those risks is by identifying what they are so you can tackle them head-on. An infographic by bizprac points out 10 ways your business could be at risk — so take a look at each.
The NFIB Small Business Optimism Index for the month of September was reported at 107.9 and just slightly missed consensus expectations of 108.0 for the month.
For many small business owners, the implementation of artificial intelligence (AI) may seem like a daunting challenge. It’s easy to dismiss AI as a complicated and slightly alien tool that can only be used and understood by computer scientists and other experts at big tech companies, but this attitude is mistaken.
For business owners, 2018 has been a year marked by change. Though much of that change is linked to the 2017 Tax Cuts and Jobs Act, the government, specifically the Reserve, just handed down some more changes, and according to financial experts, they may not be as beneficial.
Hashtags can boost impressions, improve the searchability of your content, and encourage more people to talk about your brand. But to use hashtags effectively, you must do more than just plug them into your tweets on Twitter or posts on Instagram, Facebook or another social network.
Cold emailing has existed since the dawn of the internet. The notion of finding business prospects through email has been around for this long because it works.
So, you’ve had a breakthrough and have come up with the “next big thing” for retail. Maybe it’s a new boutique or e-commerce platform, or maybe it’s a new consumer product. Whatever the case may be, we’ve entered a new age of retail, and any business team needs to ask themselves one big question: Can we compete with Amazon?
Money—it’s how you measure success in business. It’s also how you pay the bills, pay your employees and keep your business running. Unfortunately, many small business owners are selling themselves short by operating without essential accounting resources, according to a survey by Clutch.