In 2018, natural disaster alone cost the US $91 billion. It isn't always possible to predict when disaster will strike. It's important that you and your business are prepared for when the worst does happen. But creating a business disaster recovery plan can seem like a daunting task. Don't worry, it's simple! Read on for our guide that will help you get started on … [Read more...] about Don’t Get Caught Off Guard: How to Create a Business Disaster Recovery Plan
It can be disheartening, as a small business, to look at the current business landscape and think about the prospect of competing with a billion (or in the case of Amazon, trillion) dollar company. “How can I compete with multi-million dollar marketing budgets, teams of savvy millennials running expert social media accounts, and ruthless executives and CEOs doing whatever it … [Read more...] about Can Small Businesses Compete with the Big Boys?
Despite your big dreams of entrepreneurship - despite all you did to raise the capital, to attract the talent, to increase visibility and to build a strong and successful business - it looks like your business is failing. Like it or not, it’s probably your fault. Though sometimes businesses fail due to genuinely chaotic market forces, more often, businesses fail because … [Read more...] about Your Business Isn’t Failing; You’re Failing Your Business
Starting your own business is always risky. You could copy step-for-step the actions of a successful enterprise and still fail to make it to your second year. If you have suffered an entrepreneurial disappointment, it might help to remember that over 50 percent of small businesses go under before their fifth anniversary. Not every business idea is a home run — or even a base … [Read more...] about First Business Fouls Make Second Business Successes
A few years ago, I had the pleasure of listening to Victor Cheng speak about how to recession-proof your business. Victor is a well-regarded author and dynamic speaker who has appeared on Fox Business Channel and MSNBC, and been featured in the Wall Street Journal, U.S. News and World Report, SmartMoney magazine, Inc. magazine and TheStreet.com. Victor's advice is centered … [Read more...] about How to Recession-Proof Your Retail Business