What is a Decamillionaire you ask? The term decamillionaire refers to a person who is worth $10 million or more. As a young entrepreneur, this may seem entirely out of reach but you’ll be glad to know that in 2019, nearly 1,146,000 adults became millionaires according to a report by BusinessInsider. It has been said...
You’ve already gotten your brick-and-mortar locations up and running. You know how important it is to participate in cost-effective marketing for your business, but now you want to take your business on the go. From artists to authors, to dog walkers, to pet sitters, many businesses are constantly on the go, which means they are...
Marketing guru Seth Godin put it right by saying “Marketing is the generous act of helping others become who they seek to become. It involves creating honest stories — stories that resonate and spread“. In a world where people are willing to lie and cheat to earn a few bucks, you could make a huge...
Selling a business can be an exciting prospect, especially if a brand new chapter is waiting just around the corner. Going through the process all by yourself without knowing the nuances of the process, though, can be a daunting task. You could easily become swamped by all of the paperwork, agreements, evaluations, and due diligence...
There’s a big difference between having a vision for the future and accurately predicting it. Entrepreneurs often have grand ideas for their company, but those dreams aren’t likely to be realized without solid forecasts to guide their decision-making. Many startups complain that forecasting takes up valuable time that could be spent selling or innovating. What...
It is mandatory that you have an understanding of how to continue your business growth without breaking the bank. Properly managing your costs can bring fruitful results and grow your profits. But the harsh truth is, managing costs can be very difficult in today’s competitive world. There are, however, clever ways you can tackle this....
Which is more important on the job: building relationships or building skills? In the workplace, relationships are important, to the point where many would argue that they are more important than your skills or qualifications. So, when you’re in business school it’s important to learn your chosen skills quickly so that you can dedicate your time...
Congratulations! Your small business is showing promising growth and room for expansion. Unfortunately, you have found that you lack the necessary funding to propel your business forward. Well, a business loan may be what you were looking for. Before deciding on applying for one, though, you need to determine whether or not you can afford...
Most new business owners make the mistake of getting the least expensive business insurance they can find online. While a high premium cost doesn’t make sense for budding businesses, getting insurance that provides little to no protection is also not a smart move. To avoid overpaying for insurance you don’t need, the following are 6...
Contrary to popular belief, marketing isn’t reserved for multi-million dollar corporations. Indeed, thanks to the rise of the internet, companies of all sizes can use digital marketing tactics to improve their financial standing. The truth is, all good marketing strategies are formed with the intention of generating leads, sales, and revenue. Today we’ll take a...