A great business idea alone doesn’t guarantee success. To sell your product effectively, you’ve got to price it well. That means fully understanding the costs you incur to run your business, as well as the going market rate for the…
Among the innumerable retail outlets on the Internet, Etsy has long been the go-to marketplace for finding quirky, creative, and beautiful handmade and vintage items. On April 16, 2015 Etsy made its initial public offering, raising $267 million in funding,…
For almost 200 years, America has enjoyed global leadership in science, commerce, and government. As a consequence, the United States has become one of history’s greatest economic powers, dominating the 19th and 20th centuries. The ability of Americans to “think outside…
The combination of inexpensive technology, accessible virtual markets, and easy funding through crowdsourcing is changing the face of entrepreneurship. Today’s new business starters are socially sophisticated, willing to bear more risk than previous generations, and more likely to work out…
Starting a business in another country can be financially and emotionally rewarding if you do your homework, have realistic expectations for success, and avoid or compensate for the potential obstacles that inevitably accompany a new venture. All new businesses are…
As telecommuting and freelancing become more common, coworking is turning into a viable alternative to working from home or a traditional office. While there are several advantages to coworking, including increased social interaction, access to conference rooms, and the ability…
On occasion, you may notice a star employee becoming irritable and late for work on a regular basis. Enthusiasm has waned, and productivity has dropped. Now you are starting to feel irritable every time you see this person, and are…
Incorporating a business can be a great way to save money on annual taxes, in addition to the protection it offers you from liability – and if you want your business to have a separate legal identity distinct from you,…
All companies claim to value and provide great customer service. But the fact is, few companies understand the components of the customer service model they promise, or deliver the level of customer service expected. In fact, according to a poll…
While sales are the muscles of a business, cash flow is its lifeblood. Cash flowing regularly into a company is necessary to pay salaries, buy materials, and literally keep the lights on and the doors open. Many companies are forced to…
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