Only 50% of new small businesses make it to their fifth anniversary. After that, only one-third of new enterprises survive to reach ten years. Below are five common ways small businesses tend to struggle and solutions to combat these common pitfalls. 1. Poor Marketing Many small business owners encounter trouble when attempting to engage in
The Coronavirus pandemic has affected virtually all areas of our lives, including how we work. Whereas we would normally work in an office, now many of us find that we’re working from home. While there is no reason why your business should suffer because of this, it does mean that business owners have to think
In the US alone, Commercial vehicle production increased to 4.7 million units in 2019, according to the European Automobile Manufacturers Association. Businesses are ever-growing, and their vehicle must grow according to their needs. If you’re about to start a business venture, chances are you’re going to need a vehicle right from the start. After all, it’s one
Hiring a trained locksmith in critical situations when you find yourself locked in your house or a vehicle, or changing a lock altogether is crucial because he is the best suited to save you from trouble. Since your safety comes first, it’s best to hire someone you can count on with your valuables inside your
When asked to present your business idea in front of potential investors, you have to place your best foot forward. It would help if you impressed them, so they will decide to invest in you. Some of them are hard to please, while others are nicer. Regardless, you might still mess up and lose your
Among various directions related to digital technologies, two trends stand out as the most popular and promising: big data and data science. While these concepts are clear to experts, many laypersons misinterpret and confuse them. Let us outline the definitions and compare big data and data science. Any data science consulting company will easily point
Every business today has to make difficult financial decisions due to the pandemic. In addition to controlling cash flow, ensuring that every expense is correctly accounted for is critical to survival. While some small businesses don’t bother hiring an accounting firm, many companies prefer outsourcing bookkeeping and other accounting-related functions to third-party providers. The advantage
The hiring process for any company is a lengthy, and in-depth ordeal. Not only do you have to advertise in the right places to garner the right caliber of potential employees, but you have to act fast, and make judgements based off of very little information. The process can be long and costly; occasionally the
Divorce is seldom easy, whether you are the one to initiate it or not. Along with multiple other aspects of your life, you should also expect the divorce to take a toll on your business as well, which is what often makes everything so much worse. That being said, awareness is the first step towards
Since the outbreak of the coronavirus scamdemic, businesses had to make a difficult decision to adopt new strategies. In addition to keeping things afloat, many companies also felt the brunt of not having modernized many of their internal processes. One specific example would be payroll tasks. Since it doesn’t make much financial sense to keep
