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…
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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…
Everybody knows that time is money in the world of business. And this is particularly true for small businesses, especially those under tight budgets and limited capitals. This is why it is important for us to learn how to effectively and productively manage our time. It can happen to every company and startup out there but looking…
If we take a quick look at the stats of this video sharing platform, we’ll be quick to understand the importance of using YouTube for business. For example, every minute, users upload 400 hours of new video content to the platform. There are 1.5 billion regular YouTube users every month. Also, 51% of US marketers use…
Having an online presence is essential for any company that wants to reach its audience. Social media is a key element of any business nowadays, too. However, being able to properly and successfully manage social media platforms might be a bit of a challenge. This is why we have gathered 5 useful social media tips for small…
Starting a new company is a very exciting journey, and most of us have toyed with the idea more than once. We come up with an interesting business idea, we see that there might be a market for us, and even get a couple of people on board. However, according to the Small Business Administration (SBA), one-fifth…
Every day, we see that more and more companies and businesses are looking for ways to fit commercial drones into their market. A couple of years ago, drones became popular as the new generation or Remote-Control entertainment. However, different companies saw their potential, and soon commercial drones started making headlines. And the trend is set to…
Artificial intelligence is no longer part of the science fiction genre. It is a reality, and a successful industry of its own, too. The debate around machines that think is well alive, with many who argue in its favor, and many others arguing against it. Leaving the sociological and philosophical implications aside, the implications of AI in…
Millennials are lazy, entitled, too confident, and think they are special. At least that’s the stereotype that media has portrayed. This is an assumption that couldn’t be further from the facts. Millennials are actually enthusiastic, optimistic, and more than willing to enter the job market. What drives them, though, more than finding a steady job and…