If you’re seriously planning on setting up your own small business, chances are that you’ve already done the groundwork. You should have developed a product concept, determined a market that you can cater to and completed market research, looked into different manufacturers who can bring your products to life,
One of the greatest challenges for a small business is building a team that can make the business to succeed. According to a Business Insider infographic, 23% of these companies fail because of this. Therefore, any entrepreneur who wants to succeed must understand staffing problems they will face and
Getting into debt is a common problem for small businesses. Business Insider reports that statistically, 82% of the small companies that fail do so because of cash flow problems. However, that doesn’t mean that yours has to fail to.
Benefits of starting a nonprofit range from the incredible satisfaction you’ll get from helping people/animals/the planet to tax exemptions. Contrary to a popular belief, running a nonprofit doesn’t mean that you have to go without.
While listening to a regular podcast, I was surprised to hear a marketing exert suggest that most smaller businesses found it hard to market their business successfully, especially when it comes to social media. His suggestion was to leave the marketing to the experts.
Having been invited on a selection of office tours recently, there was one office set up which instantly caught my eye. Four small creative businesses had decided to rent office space together, instead of going it alone and renting one office each.