The production and distribution of consumer goods and food products are not as cut and dry as it may seem to spectators. With the numerous challenges and complexities throughout the supply chain, artificial intelligence is rightfully standing at the forefront of technological solutions. This is because AI is enhancing efficiency from the first to the […]
Creating an efficient and effective employee schedule can be the difference between being stressed out or being relaxed as a manager. Your employees are your business and you always have to Ensure that your staff is where they need to be is critical for the smooth operation of your business. Related Read: 9 Ways To Help […]
Economic development is a team sport. Local and state governments, working intentionally with businesses and civic organizations, set the foundation for sustained economic growth. Key elements of this foundation include robust collaborations on key economic development strategies, including key public policy matters, long-term investment strategies, talent development, and marketing. With the foundation set, the future […]
The subscription model has infiltrated several verticals in recent years, from automobiles to clothing. This has enabled these industries to update the car-leasing experience and find ways to transform living rooms into dressing rooms — and it’s brought them significant revenue streams. In the second quarter of 2018, Stitch Fix pulled in $296 million in […]
Savvy business owners understand the importance of intellectual property (IP) to their business’ success and most can name patents, trademarks, and copyrights as some of the various forms that IP can take. But the distinctions between copyrights, patents, and trademarks is often confusing and misunderstood, even by business people that regularly deal with IP. But not […]
Every time you’ve installed a piece of commercial software, you’ve invariably been presented with what must have appeared to be legal gibberish- a seeming difficult to read, needlessly long, solid block of text that was almost impossible to understand. Most people never bother to read the information presented- quickly scrolling to the bottom of the […]
The big data trend continues, and more and more companies are hopping on the bandwagon. While many organizations assume they need big data’s wisdom, often the “small” operational data they already have will do just fine. Operational data is internal data, such as the data that gives Uber its ability to dispatch cars. Big data, […]
As a startup one of your most important assets is your brand and that brand is usually embodied in your company name and logo. The valuable time that you invested in coming up with just the right creative name and developing the branding and marketing around that company name is impossible to measure. After creating […]
Once upon a time, “tech company” referred exclusively to a business working in a science or engineering field. Today, nearly every company relies heavily on tech talent to create, market, distribute, or interact with its product or service in some way. With tech jobs so widely distributed among different industries, many companies are struggling to meet their […]
Congratulations on eyeing the international market for your business growth. We are living in an age of globalization and more and more companies are recognizing the profitability of taking their products and service offerings globally at a relatively small incremental cost. It is an easy calculus to recognize that international consumers are able to be […]
Taking on giant corporations isn’t easy. Established companies always have a few home turf advantages: years of experience, a well-trained workforce, and brand recognition, among other things. Imagine how daunting it must have been for companies like Sony and Fuji to take on photo giant Kodak. How tough was it for Google to carve out […]
Stop for a second and think about how nice it would be if you could boost your company’s profits by 95 percent. Or let’s be conservative and ask for a smaller number like 25 percent. The truth is that all it takes is a 5 percent increase in your customer retention rates, according to research […]
Let’s face it — it’s difficult to keep up with the pace (and price) of new technologies. Business owners face a barrage of new technologies, all promising revolutionary results. Wading through the hype can be time-consuming, but the right investments will reap dividends that more than make up for their cost. Technological advancements offer the […]
E-commerce is experiencing massive growth year after year, shattering records while doing so. There was a time when brick-and-mortar stores were not merely profitable, but also highly influential. Take, for example, Sears. If there were ever a legacy brand that defined American capitalism, it would have been this one. First opened in 1892, Sears […]
Congratulations on registering your new business! Or if you’re still contemplating forming your business, and just trying to better understand the steps required for having a bank account under the company name, you’re in the right place. Be sure you have seen our Lloyd & Mousilli guide on incorporation here for a step by step analysis. […]
What would you guess is the world’s most in-demand field? Healthcare? Data science? Accounting? Believe it or not, it’s customer success. According to LinkedIn data, the ratio of jobs to current workers is 32.5 percent for customer success managers. For perspective, that ratio is 31 percent for data scientists and barely 1 percent for mature […]
No matter what industry you’re in, staying profitable is always a priority. Reducing overhead costs is vital to this goal, and most advice for doing so these days involves technology. But investing in new tech can seem like a luxury that companies only engage in when they have capital to burn. In today’s technology-centric landscape, […]
It’s obvious: Science, technology, engineering, and mathematics are integral parts of everyone’s life. Since 2009, STEM has accounted for more than 800,000 new jobs in the U.S. — more than double the number of new jobs in non-STEM sectors. That growth should be exciting, especially considering the boom of innovation that’s sure to follow. However, […]
Are you looking for some easy and effective growth hacks to boost your budding business? This is a fast-paced environment especially due to the rise of the internet. Hence the proverb, “Slow and steady wins the race,” does not fit the slot much in today’s world. You need to be smart enough to implement different growth […]
Traditional commerce and trade practices have always kept the customer in dark about the products being sold and it’s business information. Sellers always had the upper hand while interacting with buyers. This means the true product value was never really made clear to the customer before the purchase. Even when purchasing a discounted product, customers […]
Entrepreneurs share their red flags.
A dozen entrepreneurs explain the precautions they took before taking on a partner.
15 entrepreneurs weigh in on how sometimes smaller means mightier.
12 entrepreneurs let you in on how to stay one step ahead of your rivals.
Entrepreneurs give advice about the technologies that keep the connection with customers personal.
How do startups find time and energy to maximize innovation when they always have so much else to do?
There are a lot of consumer-facing Web startups out there—maybe too many. Now that it’s easier, faster and cheaper to launch a Web business than ever before, entrepreneurs are under increasing pressure to differentiate.