Employee retention is one of the biggest threats to businesses throughout the country. The tide has shifted in recent years, and the employees now have more power than ever in their relationships with employers. In fact, 65 percent of workers believe they can leverage this control to their advantage through salary and benefit negotiations. One way for […]
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Ways to Use Social Media to Grow Your Small Business
Social media is online communication that allows you to interact with your customers and share information in real time. This can help you to reach your customers better, create online networks and sell and promote your products and services. It can be easy to get carried away when using social media for your business. It’s […]
THE IMPORTANCE OF SMALL BUSINESSES TO LOCAL ECONOMIES
Most organizations worldwide are small by size, but their importance to both developed and developing economies and societies is indisputable. According to the World Trade Organization, small-and medium-sized enterprises (SMEs) represent over 90 per cent of the business population, 60-70% of employment and 55% of GDP in developed economies. SMEs therefore do not just significantly […]
Great Small Business Ideas to Start in 2022
The cost of setting up a new business has never been so low. Especially for online-based businesses. Technology has made starting your own business easy, affordable and possible. All you need to start a business online is a phone, a computer, an internet connection, and a domain name. Coming up with a good business idea is often one […]
Ways to Increase Profits For Small Business
Small businesses can struggle with profitability for a number of different reasons. They keep prices too low. They focus more on big picture ideas than real consumers. They have way, way too many expenses. The list goes on and on. But even if the business doesn’t make a lot of money early on, the goal […]
Keys To Small Business Success
In the United States roughly 1 in every 12 businesses both new and old close each year. On the flip side, more than 4 million were opened in 2020 alone which is the biggest surge the US Census has reported in over a decade. According to the U.S. Census Bureau, the overall number of business applications dropped in early […]
Best Small Business Ideas for 2022
Starting a business can seem like a mountain of a task. But the amount of time, money, and risk involved all depends on the business idea people chase. Contrary to popular belief, there are actually many ways to start a business that let them focus less on the logistics and upfront costs and more on […]
Tactics to Increase Brand Awareness For Your Small Business
Brand awareness is simply a marketing concept that describes how well prospective customers recognize a product or service. Brand awareness is the extent to which a brand is recognized by potential customers and correctly associated with its particular product or service. In the case of a small business, their level of brand awareness may not […]
‘Small businesses are the backbone of our communities’
Small businesses are major drivers in the U.S. economy, spurring local job creation and innovation while also fostering entrepreneurship among women, minorities, veterans, and other portions of the population. Nationally, small businesses account for 48 percent of all American jobs and contribute 43.5 percent of U.S. Gross Domestic Product (GDP). Even though these businesses are considered […]
Ways to Keep Your Small Business Going during high inflation.
Inflation is defined by the rate at which the value of a currency is falling and, consequently, the general level of prices for goods and services is rising. Inflation is a natural occurrence in an economy, but inflation hedging can be used to offset the anticipated drop in a currency’s price, thus protecting the decreased purchasing power. Inflation hedging […]