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Get a group of entrepreneurs together in a room and chances are most of them, if not all of them, have been the victim of fraud. According to a report by the Association of Certified Fraud Examiners, about half of all small businesses encounter fraud of some type each year. Unfortunately, it costs these companies over $150,000 per occurrence on average.
The thought of product sourcing may seem overpowering to you as a small business owner. But don’t worry, it is not as difficult as you think. The concept is simple: source for products at a wholesale price and resells at a retail price. Whether you are a small business owner just starting out or you are already established, you need a steady supply of products.
Your business marketing strategy increases your company’s exposure, customer base and revenue. In 2017, companies that determine their marketing budget based on revenue spent an average of 6.9 percent of their total budget on marketing according to The CMO Survey. That figure rose to 11.4 percent for companies with firm marketing budgets.
All new entrepreneurs need to draw up contracts to be successful, whether it’s cementing partnerships or engaging a client in a long-term deal. However, contracts can be messy and complicated for new entrepreneurs. Too often, they take shortcuts or overestimate their abilities, ultimately resulting in flawed contracts or major mistakes that interfere with their future potential to succeed.
If you’ve got creative vision and an independent mind, the thought of working nine to five for someone else for the rest of your career might seem deeply unfulfilling. But striking out on your own is a considerable risk when you have family responsibilities and bills to pay. Finally making the move requires careful prior planning — so take a look at these three career change ...
London’s a global cultural capital at the cutting edge of fashion and culture. And retail entrepreneurs hoping to make their mark usually face fierce competition. So if you want to find a lucrative niche in this exciting city you’ll need to unleash your imagination. Take a look at London’s five coolest shops to get your creative juices flowing.
When it comes to finding space in a crowded marketplace, sometimes a simple business model is the most elegant solution. And finding your niche is easier if you either produce unique products and services — or you outperform competitors on price or quality. Focusing on a highly specialised offering means that there’s little margin for error — but when it’s done right it allow ...
Starting and sustaining a small business requires desire and determination. You’re often competing against larger firms with far more resources at their fingertips — so it’s tough to convince customers that your offering’s superior. But there are a few clever ways you can survive and thrive — take a look at these four tips to market your local business in the coming year.
Keeping a tight control of expenditure is essential for any startup seeking sustained success. But taking on too many duties yourself isn’t wise — APA research shows that multi-tasking has a negative effect on productivity. Some outgoings are essential if you want to get a business off the ground — but others might be unnecessary luxuries.
Are you planning to invest your life time cash into Bitcoins? Many people expect to earn fortune with trading. You have to keep in mind that just like other trading Bitcoin may also be having it own pros and cons. Here are a few tips that can help you take the right decision about Bitcoin trading and investments. As it is a Crypto currency so you have to look around for best way to trade.
Blogging is an art and a business too and if you have decided to walk this path, know that there will be a fair share of hurdles. You have so much to do from researching on the internet to actually building up the blog. With advanced web technologies like WordPress, Joomla and Wix, creating a blog is easy. However, finding a name that is clever, pertinent and original is not an easy thing to do.
The heart of winter can be challenging for homeowners. There are additional responsibilities and worries that can have dire effects if not addressed beforehand. People who live in colder climates need to prepare themselves, and their homes, for colder weather. Here are six tasks to help get your home ready for winter.
Data is the big new name in the business world, and for good reason. Even though everyone is trying to leverage data to their advantage, businesses are having trouble because they don’t always know the best ways to do this. This is where cloud ERP enters the fray. Companies looking to streamline their data management need to consider the benefits of cloud ERP software.
Every entrepreneur faces the same tough decision about content marketing: What to write about on your blog. These top 25 content marketing bloggers have it down. It’s not sufficient to blog about how customers can make better use of your product. People seek practical information, of course, but they’re especially drawn to content that makes them smile and even laugh.
It’s not easy being an entrepreneur. While it might look glamorous from the outside, running a business – whether small and growing or large and successful – is anything but simple. It comes with large amounts of stress and anxiety. And in order to continue functioning with this stress and anxiety, exercise and physical activity become paramount.