Wanting to become a business owner is the dream of many of us. Starting your own company, being your own boss, earning the trust of loyal customers who believe in your project is great. However, being able to achieve this is, unfortunately, easier said than done. One of the biggest challenges is figuring out how…
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When you have a small business, finding cost-effective alternatives to make your company grow is imperative. There are many tips and tricks to make sure our business stays competitive and profitable. Attending trade shows is another great marketing alternative that Small and Medium Businesses should take advantage of. We might think that trade shows are mainly…
The journey of entrepreneurship and having one’s own business comes with plenty of challenges. Even the start of such a journey is too hard for most small businesses, which fail during the first year. However, once we start getting a hold of things, calmer periods will arrive. This doesn’t mean it will be a walk…
Truck driver distractions are a big risk not only for the transport industry but for all drivers in general. We know that a distracted driver can travel the distance of a football field in the time it takes to read a text message. This implies a seriously hazardous situation since a truck can cause great…
Technological advances bring us closer and closer to the visions that science fiction authors promised. Even though there are still no flying cars, the first autonomous car models are already a reality. In fact, this same year, companies like Uber and Tesla wanted to take over the autonomous truck market. However, Uber decided to close…
During the last couple of years, we have seen a strong and steady increase in video content. Social media has, of course, a lot to do with this fact. Beyond YouTube, videos posted to Twitter, Facebook, and Instagram generate a great amount of traffic and interaction. Regardless of your field, you can take advantage of this…
Whenever someone mentions the concept of 3D printing, we can’t avoid but think of futuristic technology, still out of our reach. Interestingly, the technology for additive manufacturing (aka 3D printing) has been around since the early ’80s. Many fields and industries have been finding ways to apply additive manufacturing. This is because there are many benefits…
Finding ways to fund our companies is essential for business owners. It is common for entrepreneurs to consider a loan as the first (and sometimes only) option. However, applying for a business line of credit might be a better idea. It can bring more flexibility regarding payment options, and it is also a great way to keep cash flowing…
Being in charge of a small business will be a demanding and sometimes exhausting task. However, the rewarding feeling of seeing your own business eventually grow is worth the trouble. We must remember, though, that we will also be in charge of the team. This means that we will need to master several management skills in order to…
Unfortunately, not every company manages to become a timeless brand, and business owners are forced to end operations. According to the Small Business Administration (SBA), 30% of small businesses fail during their first two years of operation. The number goes to 50% for the first 5 years, and 66% make it to the 10 years…