As an entrepreneur, you must stay ahead and anticipate the future. To do this, you must refine your current skills and understand successful business practices while sharpening the most important skills you should master in the next five years.From recognizing potential opportunities to adapting quickly to change and maximizing resources for growth, you'll be better equipped to take your business…
The term "mom-and-pop shop" might sound quaint, but their impact is outsized: Small businesses account for 99.9% of all businesses in the United States. They're often built from deeply rooted passions for their trades, products, social goals, and communities. Customers don't just know the name of the store; they also…
It was 1975, and Peter Cancro was 17 and in love. The object of his affection was a small mom-and-pop deli in the beach town of Point Pleasant, New Jersey, called Mike's Subs.Peter had worked there since he was 14 — at first wrapping subs, then waiting for the day…
A company profile is like a virtual handshake that introduces your business to the world. But it's more than just an introduction. An effective company profile can help you attract potential investors, clients, partners and employees. How?A well-crafted company profile highlights your company culture, values, mission statement and accomplishments while…
When we find ourselves with a brilliant idea, the pull to transform it into a business is strong. However, the path from an idea to success is filled with uncertainties. As a result, this path can make even the most promising ventures stumble.In fact, every great business was once simply…
Nearly two in five U.S. adults work a side hustle, according to a new Bankrate survey.The opportunities are endless: from your run-of-the-mill tutoring and dog walking to more attention-grabbing examples, like retirees who rake in $20,000 per month answering questions online or people who turn simple household chores into lucrative…
Renowned as the "Warren Buffett of business communication," author Steve Denning has spent the last 15 years peering into the future, accurately predicting the age of agile that companies now eagerly embrace. In his book, Reinventing Capitalism in the Digital Age, Denning delves into the historical context behind the current…
Artificial intelligence (AI) has garnered tremendous attention and holds the potential to revolutionize various industries. However, the practical implementation of AI systems is not without its challenges. As enterprises consider adopting AI technologies like ChatGPT, many factors must be considered.As with any new technology, some kinks need to be worked…
Growing your startup is a challenge. According to 2022 statistics, only 10% of fledgling companies succeed.Given the fierce competition, that's hardly surprising. As a startup founder, you know that there are a million things to tick off on your to-do list, and a deluge of advice you're supposed to follow.…
A loyal, longtime customer is akin to fine wine: Producing it requires a considerable amount of work, and the aging process is where it truly pays off. Strong, lasting customer relationships help create a stable growth foundation. However, developing and nurturing them is no easy feat in a crowded marketplace.…
As an entrepreneur, nurturing relationships outside of that realm is important, but the same goes for nurturing business relationships. We have to find that balance. Being able to do so has been very rewarding for me. In the beginning, I didn't have other entrepreneurs to share my excitement, ideas, wins,…
In a declining economy, startups face an uphill battle when it comes to securing funding.…
With all of the recent news about artificial intelligence (AI), it got me thinking about…
A while back, I took a couple of my grandchildren on a tour of the…
Startups face numerous challenges on their journey to success, and failing to overcome any one…
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