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Tag Archives: Business Advice

Is Pandemic Tech Hurting or Helping Small Businesses?

Is Pandemic Tech Hurting or Helping Small Businesses?

Small businesses have had to get creative to survive the coronavirus pandemic and the lockdown enforced to curb the spread of the contagion. But the same technologies that sustained these businesses also yielded increased costs and complexities.

As our lives are increasingly more digitalized, business owners (of all sizes) are contending with new expenses relating to customer loyalty, relevance, and marketing.

Running a small business was never considered an easy undertaking. But technology is presenting emerging burdens to these businesses, making it even harder to stay afloat. Digital services have many associated costs and fees. Credit card companies and online payment providers take a piece of each sale.   There’s really no going back to a tech-less life. Businesses must rely on all sorts of technology for personal and commercial interactions. So while the apps and services are essential to most companies, business owners should keep a close watch on what they are spending and getting in return. They should invest time and energy in maximizing their benefit from these services, just as they look to maximize their bottom line.

5 New Year’s Resolutions for Small Businesses

New Year’s is a time of new beginnings, and there is no better time to improve your business. Take advantage of the momentum and enthusiasm that generally come with new beginnings, and get your small business in gear with these five resolutions: File all legal paperwork. Go through the endless stacks of documents that have… Continue Reading

The Importance of Creating Value in a Business

In a recent article on BizJournals.com, IDT Energy CEO Geoffrey Rochwarger discussed the importance of value in a company, and why cutting costs is merely a short-term solution. According to Rochwarger, businesses today often have lower revenue and higher earnings. Though this combination is often met with investor enthusiasm, it is hardly sustainable and eventually… Continue Reading

Self-Delusion is Key When Starting a Business

Author AJ Jacobs recently discussed the tool most essential to starting a business in an interview with Josh Zepps of Huffington Post Live. Jacobs explains that self-delusion is key to achieving business goals. “…The most important tool is to delude yourself, to be irrationally optimistic that your business is going to succeed. And then, you… Continue Reading

Tips for a Fearless Career- Part I

Fear can be crippling in any area of life, and it often has a negative impact on a person’s career. Colleen Oakley of LearnVest recently consulted with several successful entrepreneurs to compile a list of advice for the professionally timid: Let others challenge you. Marc Sampogna, CEO and Founder of Canopy Brand Group, explains: “You… Continue Reading

The Most Powerful Word in Business

In a recent article for Forbes.com, David K. Williams discussed the most powerful, important word in business. He explains that while many would guess “No”, the winner is really “Enough.” The ability to recognize the ‘enough’ moment grants balance and therefore, success. Williams explains: Enough time. “Do you find yourself not having enough time to… Continue Reading

Paul Vento on Launching a Business or Franchise

In these turbulent economic times, successful businesses stand out like a sore thumb. Creative, ambitious observers feel that they too could have launches such an attractive franchise, if only they had put their minds to it. However, it takes more than just a good idea to build any business; it requires, patience, research, good people… Continue Reading

Tips to Avoid Overdue Payments: Small Business Advice

One of the most crippling problems amongst small businesses is the excessive number of overdue payments. The average SME receives payments from other businesses two months late, and many suffer greatly from the delay. The Guardian lists several tips for avoiding such situations: Don’t make credit management subordinate to sales– Make sure the incentives you… Continue Reading

8 Quotes on (Social Media) Crisis Management

The past few years have seen their fair share of crises, as global economies grapples with the ongoing Eurozone debt, inflation and recession. Crisis management has become an invaluable skill, especially for crises based in social media, and there is much to be learned from those with experience in the field. Here are eight crisis… Continue Reading

Top Ten Countries for Startups in 2012

This year’s World Bank Doing Business report has listed the top nine countries for startup businesses. The rankings consider the starting ease and conditions, as well as minimum cost, time and available assets. Rather surprisingly, the U.S. didn’t make the list. These countries did, however: New Zealand, with 1 day to start a business Australia,… Continue Reading