When should your business open another location? (Flowchart)
If you have a successful small business, then you should celebrate! It’s impressive to be among the 50% of small businesses that make it past year five. You’re probably seeing healthy sales, consistent cash flows, and a steady stream of customers, but how do you know when it’s time to expand to another location?
- Published in Entrepreneurship & Startup, Flow Chart, Infographics, online business, store owners
Should You Do Everything Yourself For Your Startup?
Startups face a wide range of challenges. It’s tough to gain recognition, win clients over, start getting those first few orders in, and make the business actually financially viable. It might be tempting to try to cut costs by doing as much as you can by yourself. But, considering that 46% of businesses fail due
- Published in Entrepreneurship & Startup, online business
The Importance of ESG for Tech Startups
The evolution of big data in the entrepreneurial and finance world has resulted in the rise of another massive trend and that is the demand for ESG. Standing for environmental, social, and governance factors, ESG has become an immensely important aspect of your business strategy. The 2015 research study found a strong correlation between a
- Published in Entrepreneurship & Startup, online business, Starting a business
Choosing the Best Organizational Structure for Your Online Business
The timing is just right for starting an online business, as you have unlimited options when it comes to working with global partners, and the surge of financial opportunities is more than enough to support your growth. However, even in this amazing climate, it can be quite a challenge to structure your organization in such
- Published in Entrepreneurship & Startup, online business
5 Essential Tips on How to Overcome the Negative Work Environment in Startups and Emerging Companies
A happy employee works 12 percent better. This is not just a catchphrase, it’s a scientifically proven fact. However, if this is true, this means that the same goes the other way around. Even if you hire a skilled staff, provide them with enough resources, pay them adequately and equip them with all the necessary
- Published in Entrepreneurship & Startup, online business
How To Ace A Startup Interview
Every business is a story of its own, and so are their job interviews. What especially makes a difference is an interview that you would go through for a company that has already established itself on the market, compared to the one for a startup. The latter is much less interested in formalities, and actually
- Published in Entrepreneurship & Startup, online business