Operations (219)

10 Steps to Starting Your New Business

Starting a new business is easier said than done. It requires a lot of work starting with documentation, legal requirements and developing a strategy. This can even be worse if you are new to the business world. Without an effort, you will struggle to turn your idea into a successful business. Although it is possible to start a business by yourself from scratch, it takes more than just talking about it. You need to put in hours of hard work, dedication and effort. Here are 10 steps to starting your own business that will help you along the way.


How Casual Leadership leads to a Casual Culture

Regardless of what your job or work environment looks like today, it is no surprise that there have been major shifts across all industries. Whether it is learning how to navigate remote or hybrid work, implementing new rules and regulations to keep everyone safe or even changes to current roles and positions, it’s safe to say there have been plenty of unique experiences.


Is Your Small Business Prepared for the Metaverse?

 The metaverse came into the limelight in 2021 as Facebook changed its name to Meta and announced an investment of billions of dollars into metaverse. Being an entirely new thing, the term metaverse has entered people’s vocabulary in a big way. The conversation is changing about how metaverse will alter the world by the day.


Small Businesses Need Clean Data

Regardless of how small your business might look, it is an important piece that contributes substantially to the economy. In the US, small businesses ranging from family farms, local merchants to plumbers across the country are known to be the fuel to the country's economy. However, despite the impact these businesses have when put together, they operate on small budgets, meaning business owners must understand what goes on in the business, and owners must be aware of every penny and its use. This can only be achieved by investing in data management tools and processes. With this, you will make your data work efficiently, save your business time and money. Here are the benefits of embracing good data management and how productivity can benefit.   


Make Your Business Viable Again

The COVID-19 is arguably the worst pandemic the world has ever witnessed. Due to this pandemic, many small businesses worldwide are struggling to get on their feet after the havoc that led to financial consequences. Data from the National Federation of Independent Business (NFIB) shows that as of March 2020, 0ver 90 percent of small businesses had already suffered the consequences of the pandemic. The same study stated that only 5% of small business owners said they had experienced no effects from the pandemic.


Start a Small Business for the Summer

For many, summer is a time to relax and rest with their families. On the other hand, others take a break from school, while some see it as a time to try new things. Instead of relaxing the whole day doing nothing, maybe you can activate your entrepreneurial abilities and start a business. You can be your own boss by making the most of the amazing summer weather and maybe change careers in a year or two altogether. Here are a few things you can try out during the summer holidays.


Closing Your Failed Business - Difficult But Necessary

It's difficult but necessary to close your failed business. Business closing is one of those things that has been around for a long time, but mostly by people who have no idea what they're talking about; or, more likely, are talking about it badly.


Your Small Business Needs to Prepare for Survival When It Grows

Small businesses often go through many challenges as they seek to cement their place in a competitive business landscape. According to Harvard Business Review, companies go through various stages of growth from their inception to maturity. Accordingly, each business starts at the startup phase. However, not every one of them reaches the highest level, such as those reached by companies like Apple and Microsoft. According to HBR, 92% of high-growth tech startups fail even before reaching three years. This is a worrying trend for entrepreneurs, with only half the businesses remaining operational five years after being founded. Since the challenge has proven to be real, here are some things you should consider as you prepare for the survival of your business.


Small Business Accelerator or Business Incubator?

To clarify, I’m referring to a “business incubator” not a “small business accelerator.” To be sure, there is a ton of overlap between the two. But, in reality, the differences are more than just semantics. The first topic is one of the most misunderstood topics in this space. Many entrepreneurs—both big and small—have been quoted claiming that they want to join a startup accelerator or incubator because it will help them get their businesses started faster and get some traction before they need to raise equity funding or do any serious marketing. Here’s the problem: these programs are NOT accelerators!


Check This List of Businesses for Your Next Small Business

After all, as the CEO of a startup, I have to think like an entrepreneur. I have to be concerned with the next big thing. And the next big thing is software. How you are going to get your money back is going to depend on how well you do it.


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