The idea of having a new kid on the block can be fear-inducing if you’re running a small business. You worry that your company won’t do well because the competition will take your customers away. There’s always an excellent chance that something new will persuade people to move away from you. Before panicking, realize that
In the age of social media, companies can’t afford to slack off. It puts everyone on an equal footing and businesses that can’t do well will be behind the competition. It’s no longer enough to just publish social media updates every so often. If possible, there must be multiple posts in a day across social
Running a family business is common. When people aspire to have a business, they start by asking for help from family members. The only problem is that family issues might also affect business operations. If you want to succeed in running a family company minus the drama, these tips will help. Always be objective Make
Working with social media influencers is becoming a norm among entrepreneurs. Taking advantage of their popularity is key in promoting a brand. Influencers have a loyal following and they can convince their supporters to purchase certain products. The best part is working with these influencers isn’t as expensive as advertising on TV and other platforms.
Not all businesses becomes successful. Some fold in just a few years. Therefore, seeing companies that have been around for generations is fascinating. If you’re an entrepreneur, you can learn a lot from these businesses that you can apply to yours. Here’s some of them. Ensure a common vision in the family Businesses that last
Running a business always comes with a risk. Expanding it is even riskier. It’s not a decision you must take lightly. You worry that your investment won’t return. You also fear that the brand you’ve already established will be tarnished because of your decision to expand. Before closing your doors, realize that it might bear
It’s not easy for employees to accept changes. They will resist anything that you introduce. When they’re used to doing the same thing over and over again, they won’t feel positive about changes. Here’s what you must do if you want to pursue changes without getting too much resistance. Be clear about your plans Before
It’s common for people to rise towards the top of the corporate ladder by working hard and proving their worth. Others are happy to be where they are, while some people strive to reach the pinnacle of success. Some employees who have been with the company for years might even end up sitting on the
You don’t have to rely on your full-time job alone to make money. There are passive income opportunities you can take advantage of. Your savings will grow even without doing much. Here are some options to consider. Affiliate marketing You might not get much from affiliate marketing, but it’s a choice worth the try. You
While we have seen an increase in the number of female business leaders, it remains a male-dominated industry. It’s mostly men seating on the executive boards. Men also hold the higher share of CEOs among established companies around the world. It doesn’t mean things will stay the same. With the number of aspiring female entrepreneurs,