Unfortunately, small businesses are some of our most vulnerable businesses. They have significant assets—enough to make them an attractive target—but they don’t have the budgets of billion-dollar corporations to invest in the right forms of protection. Accordingly, thieves, hackers, and other opportunists frequently attack small businesses to take advantage of them. Fortunately, there are a […]
COVID-19 workforce disruptions have already impacted the American economy in completely unprecedented ways. In the five weeks leading up to April 18, one in six workers filed for unemployment. Reopening has already taken place in many cities and states across the country. The prospect of another wave seems always to be on the horizon. Further […]
The COVID-19 pandemic caused a big disruption in the lives of Americans and people all over the world. The massive job lay-offs caught many off-guard and left people with little to get by. Even with the help of the government, a majority of Americans are still having financial problems. Here are Because of this, many […]
Worried about using account payable automation for your business? You’re not alone. We all hate accounting, and account payable automation has a bad rep. Rumors about automation seem to be spreading faster than those about the Kardashians (not sure who the Kardashians are? Don’t worry. They have nothing to do with account payable automation). Here […]
Most entrepreneurs would likely agree that 2020 has been an exceptionally tough year for business revenue. First, the COVID-19 pandemic severely impacted the world. On top of that, the wildfires currently affecting the West Coast of the United States are so widespread and intense that the smoke reached Northern Europe. These emergencies and other prolonged […]
eCommerce is thriving right now — even if you’re a small company going against the Goliath known as Amazon. And, the sky appears to be the limit. In fact, some are predicting that by 2040 around 95% of all purchases will be through eCommerce. If you want to grab a slice of that pie, then […]
Work-from-home opportunities don’t pay you to hang at home, but they get pretty close. Between emails, you can raid the fridge, throw a pizza in the oven, or even help your kids with their homework. But, like most things in life, work-from-home opportunities are not one-size-fits-all. Everyone has their own aptitudes and preferences. Know yourself, […]
Here’s an experience that you might have encountered many times. While at a checkout counter, you’re asked if you want to sign up for the store’s credit card. It’s an experience that’s so common that you reply “no” by default. Have you ever wondered why these businesses bother making such an offer? Why take the […]
There are certainly valid reasons why you’re feeling depressed, anxious, and stressed these days. In fact, during late June, the CDC reported that 40% of U.S. adults are struggling with mental health and substance abuse. To be honest, though, that shouldn’t be all that shocking. Because of the COVID-19 pandemic, we’ve been concerned about our […]
The COVID-19 pandemic has drastically and quickly changed ways of life for virtually everyone around the world to some extent. It caused them to practice social distancing, wash their hands more thoroughly and get accustomed to wearing masks. The public health threat also allowed many people to work from home for the first time, and […]
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.