Millennials, the generation of Americans roughly born between 1980 and 2000, are rising rapidly. People often write about the dramatic changes millennials are bringing to the workforce. Some of it istongue-in-cheek, hyperbolic, and even sarcastic. However, millennials are here to stay, and they are dramatically changing the way American companies do business. Like the generations of […]
One of the most critical, and most challenging, aspects of running a small business is marketing it. Most entrepreneurs have little to no background in marketing, and often lack the resources to hire the talent that could make a difference in this area, especially early on. Failing to market your business and its products effectively […]
Readers of this blog are undoubtedly familiar with cryptocurrencies like Bitcoin, and perhaps even with their blockchain underpinnings. Blockchain is the distributed encryption system that makes digital currencies possible. And while this technology has revolutionized currency, it has potential for uses far beyond digital payments. Blockchain will soon transform the way that we execute stock […]
As a leader of a small business, you are responsible for everything your company does or fails to do. Whether you are making key decisions, managing resources, or motivating subordinates, being a better manager is tough work. Fortunately, the advent of the 21st Century, and the amazing technologies that have changed the way we live our […]
Managing accounts payable is often little more than a second though for small businesses and entrepreneurs. Marketing, sales, and delivery of services are typically at the forefront of a manager’s or business owner’s mind, not how and when they are going to pay their bills. However, failing to properly manage accounts payable can seriously affect […]
Virtually any type of business, whether big or small, is going to experience challenges with clients who do not pay their bills on time. This is a major, but avoidable, opportunity cost. Delinquent payment issues are actually quite common in business. Most freelancers reported they had problems getting paid on time in a recent survey. Late payments […]
In any small business, employees are the most critical component of the company. But at times, getting employees to embrace new technology may seem impossible. Employees create your products or provide your services, interact with current clients and find new ones, and are often the face of your company with key suppliers and regulators as […]
Running a startup company is one of the most demanding jobs out there, but is nonetheless the very essence of the American dream; millions of Americans fantasize about being their own bosses. Coming up with an unbeatable idea or product, and raking in the big money. However, even for those entrepreneurs with the audacity to […]
Marketing is one of the most critical elements of your business. If you get marketing right, you can drive sales, increase brand recognition, and achieve enduring success. If you get it wrong, your company is probably in trouble. So for a healthy business, improve your marketing. Your marketing team’s effectiveness is extremely important. Companies that build motivated, […]
Running a small business can be extremely challenging. It should therefore come as no surprise that being a small business owner is a stressful occupation. A recent survey indicated trunning a small business is the most stress-inducing thing in most business owners’ lives,. Business issues stress people out more than marriage, money, children, or anything […]