The current pandemic has been tough on several businesses. It’s been even harder for businesses that require customers to be physically present, such as restaurants and food carts, gyms and fitness centers, theme parks, museums, and national parks. While it makes sense to hold off on starting a business until the pandemic is over, there
Deciding to start a small business is a decision that should not be taken lightly. What a lot of people don’t talk about when launching a business is that, like in buying a house, there are a lot of hidden costs that you can’t avoid. As the saying goes, you need money to make money.
2020 is about to end and a new year is arriving. If you run a business, you probably had a hard time this year. The COVID pandemic has disrupted many industries, and the effects will be felt to next year. Here are some risks that you have to be aware of so that you can
When people think of personal finance, they often think of boring nights at the table totaling receipts. The mental image alone can be depressing and this has given many individuals an aversion to handling their finances properly. But something has come along that can change that: mobile devices. Smartphones and tablets are changing the way
Putting up a business is not as simple as developing a product that your friends or a handful of people you know are interested in. Interest is temporary. What you need is something that would capture a market for a long time. It’s not something you buy once, and that’s it. Entrepreneurs often conduct business
Over the years, much of the stigma surrounding video games has lifted. The generation of kids who grew up on computers and smartphones are now adults. And developers have paid attention by diversifying the titles released each year across multiple platforms. There’s a game for everyone. And it seems we all play video games now.
We’re heading toward the end of the year, and the coronavirus is still prevalent in many countries. It’s not absurd to assume that the virus may continue to pervade next year. While governments and healthcare professionals continue to discourage people from leaving their homes, the economy must be reopened, albeit gradually and carefully. Many businesses have
Every year sees many entrepreneurs taking the step of opening a business. However, as many as 90% of these businesses fail within the first year. With determination, hard work, and some good luck, you have managed to avoid this final fate of other, more reckless entrepreneurs. This still leaves several competitors on the field. You
It’s every businessman’s dream to have a brand that’s known in the global market. For many businesses, the first few months and years of a business can be rough if you don’t market your product well. However, the process of getting the word out there about your business can be a tricky one. Most people
Market demands and customer preferences are continually evolving. If you want your business to survive, you need to ensure that your company can keep up with these changes. To do this, you need to think of innovative strategies to help you improve your existing processes. Aside from this, you also need to implement new tactics