Any entrepreneur can tell you that one of the first and most important steps you can take for a business is creating the business plan. Your business plan will serve as a blueprint for the company you’re about to create, dictating how it should be structured and how it’s going to operate. It’s also the […]
Whether you like it or not, online invoicing is a necessity for businesses of all sizes. However, not all business owners are familiar with the basics and importance of invoices. To help you, we have proudly created “The Ultimate Guide to Invoicing” also knows as the best ever “Invoicing Guide”. Throughout this guide you’ll discover […]
If you’ve got some writing chops and sales skills, you would do well as an affiliate marketer. Affiliate marketing is essentially recommending someone else’s product and getting a commission every time you get the target market to take a desired form of action. This could mean: Buying the product/service Visiting the merchant’s website Subscribing to […]
The COVID-19 pandemic has been incredibly hard on most small businesses. Companies that rely on direct physical interactions and in-person customers have been forced to close without revenue for months. By contrast, firms that can function in a digital arena have scrambled to create a remote work system that allows operations to move forward. Thus, […]
Are you tired of the 9-to-5 grind and thinking about self employment? Do you just want to get out of debt? Do you want to start putting money away for your retirement or dream vacation? If you answered yes to any of those questions, then it’s time that you started a side hustle. It may […]
As we cruise into the last few months of 2020, it’s easy to get wrapped up in looking FORWARD. Many people are already asking: what will 2021 bring? People are setting goals and talking about Q1 in last Q3 and early Q4, but the year has two quarters left. So we’ve got some time. Before […]
In every industry, companies have stepped up to help the country get through COVID-19. One that’s gone above and beyond — while making a healthy profit — is the fintech sector. With innovative tools and a growing influence over capital, fintech companies are working to help everyone weather the recession. Here are fintech companies making a […]
When it comes to the business scales, the small and medium businesses or SMBs showcase a more challenging and risky business landscape. While the world continues to be a place where successful entrepreneurs are leaving their mark on the business fraternity, the list of businesses that failed to achieve merits is also sizable. While free […]
In the last few months, I’ve run into many disillusioned bloggers who’ve been blogging for a while and are at their wit’s end because they can’t figure out how to level up. By leveling up, I mean making at least a nice side income and working towards a full-time income. Now we have the COVID-19 […]
The gig economy is in high gear. What was already a growing sector of the economy has been supercharged by the coronavirus pandemic. More and more employers are wondering what the gig economy’s future looks like. They see it scaling, but they also see gig workers struggling with challenges like isolation and lack of fulfillment. […]
Starting your own business has never been easier given the availability of investors and the interest of so many in the startup space to help create the next "big thing" or to be behind a disruptive product or service that really shakes up the marketplace. However, when it comes to the actual work involved in tackling all aspects of a business, including its functions like sales and marketing, accounting and finance, human resources, information technology and more, it becomes considerably more challenging for a small business owner or founder.
With statistics that show up to 90% of new businesses failing soon after launch, it's critical to know how each of the functions pertaining to running a business, can work the most efficiently, including how to budget appropriately to sustain your business through all types of economic cycles. However, so many business owners admit that they do not have much knowledge and very little experience about most aspects of running a business and they tend to "wing it" and figure it out as they go. The problem is that this approach to running a business is the very reason why so many fail.
A better strategy is to invest time, energy and effort in a continual learning process that helps build knowledge and skills across all aspects of your business. Even if you do not handle all these functions yourself but have team members or outsourced talent for some of the more technical roles, it is still good to familiarize yourself with the issues. Knowing and understanding trends, technology and opportunities that impact all functions of your business will help you to better shape your business decisions. Additionally, this strategy of ongoing learning can help you identify those areas in your business that could benefit from additional technology or tools that add efficiency and help you maximize the time spent on many non-revenue tasks.
We have dedicated a category of our Due.com blog posts to providing business tips to help you enhance your working knowledge and skills across all aspects of your business and help you make more informed decisions that will speed growth, revenues, brand reputation and profitability. These business tips include such topics as:
- Marketing strategies, including social media platforms, creativity and messaging, content marketing strategies, branding and how to promote your company online.
- Financial planning, such as emergency funds, retirement accounts, budgets, invoicing, how to handle clients that haven't paid, why you should accept credit cards and how to finance business expansion.
- HR issues like whether to hire employees or freelancers, training, motivation to retain talent, how to find a business partner, where to find outsource talent and tax issues related to employees and freelancers.
- Productivity tips like how to manage your time, tools that maximize what you can get done, and how to effectively manage a project.
- Mindset strategies, including whether you are a freelancer or an entrepreneur, how quickly to expand your business, and how to build a business around your lifestyle.
These are just some of the dozens of articles now available in this subject category that are designed to help you get the most out of your business for the investment of time and money that you have put into it. Not only will you learn more about how an efficient, successful business works, but you will also be able to create a more effective strategy to ensure your business doesn't become just another unwanted statistic. We want to help you succeed.