The journey of entrepreneurship and having one’s own business comes with plenty of challenges. Even the start of such a journey is too hard for most small businesses, which fail during the first year. However, once we start getting a hold of things, calmer periods will arrive. This doesn’t mean it will be a walk…
More often than not, small businesses struggle when looking for funding and making smart financial decisions. This requires paying a lot of attention to every expense and cost related to running our business. Sometimes, hiring full-time staff goes beyond our budget, so hiring freelancers for your small business might be the right choice for us.…
Nowadays, finding ways to fund a small business isn’t as complicated as it used to. There are many different options and alternatives available that can fit our particular needs. In recent years, however, we have seen how microfinancing your small business as an accessible, convenient, and flexible way to fund a startup. As a result, many…
Running a small business, let alone achieving success, is already a challenge by itself; having to stay on top of every unpredicted situation, solving whatever issues may arise, and being in charge of several people at the same time are all quite demanding duties to take control of. Going through rough times, financially speaking is, however, one of the most common…
Wanting to become a business owner is the dream of many of us. Starting your own company, being your own boss, earning the trust of loyal customers who believe in your project is great. However, being able to achieve this is, unfortunately, easier said than done. One of the biggest challenges is figuring out how…
As business owners, finding different ways to fund our company is an important part of the job that might have a significant impact on the future of our business. Depending on the size of our company, some funding alternatives might be more convenient for us than others. However, we should always take a careful look…
When we start our own business, being able to accurately and efficiently allocate our capital is a challenge. Thus, finding ways to effectively invest our funds becomes one of the highest priorities, if not the highest. However, there are many different strategies of smart investment for small businesses that we can try. Regardless of the…
Starting a new company is a very exciting journey, and most of us have toyed with the idea more than once. We come up with an interesting business idea, we see that there might be a market for us, and even get a couple of people on board. However, according to the Small Business Administration (SBA), one…
It has been almost a year since the use of the famous ELDs became mandatory. Although there is not enough data available yet, during this time we have been able to notice some of the benefits of electronic logging devices. Different companies from the hauling and technology industries have shared different information on these benefits,…
In this era of globalization, it is no wonder that there continue to be changes and trends in the supply chain industry. Every day new technical innovations offer the opportunity to reduce this complexity. Here are some of the biggest supply change trends to watch for this year. Artificial intelligence (AI) is playing a bigger role…
