Downtime is the enemy of any business, but it can be especially costly in the manufacturing industry. Not only does downtime mean lost profits, but it can also result in protracted customer service issues. That’s why every manufacturer should do everything they can to decrease downtime and ensure that production stays up and running. So, […]
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Short-term rentals are becoming a massive trend in the United States. Currently, the market is expected to grow by about 20%. Three main reasons accompany the growth: The Pandemic When the pandemic hit the world, people began to stay home more. Everyone wants to stay safe and healthy during this time. Therefore, travel has become less
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If you’re considering a construction project, you may be tempted to cut corners and try to do some of the work yourself. After all, construction can be expensive, and you want to save money where you can, right? Wrong. There are certain aspects of construction that are best left to professionals. Here are some factors
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In 2020, the outbreak of the pandemic spurred many millennials to work from home. Zillow noted that approximately two million renters who previously could not afford homes in metropolitan areas could now afford to buy a house. Although the house is far from the workplace, it was a good investment since the renters would no longer commute
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Are you looking for new investment opportunities? If you are, you may consider focusing on developing suburban neighborhoods. Doing so could offer you several advantages and opportunities, all of which are detailed below. So, if you’re ready to learn more, read on. Increased rental demand When it comes to investing in rental property, location is
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According to Statista, the pharmaceutical industry had a revenue of $1.42 trillion in 2021 alone. For this reason, many are opting to invest in the sector and start their own pharmaceutical companies. However, starting one is no small feat. It requires a unique set of skills and knowledge to understand the complex regulations and ever-evolving technology
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When it comes to running a business, there is no one-size-fits-all solution. The type of vehicle you need for your business will depend on a number of factors, including the size and scope of your operation. Read about the different types of vehicles that are available for businesses here, and consider which is best suited for
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The path of an entrepreneur is often filled with challenges, but it can also be enriching. According to a study by the Kauffman Foundation, only about 3 percent of businesses in the United States are started by immigrants, and women initiate even fewer. The same survey found that immigrant-owned companies are more likely to survive
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As a business owner or entrepreneur, you may have encountered the problem of high business absenteeism. This can be frustrating and costly, leading to lower employee productivity and morale. You can lose about $2,000 to $3,600 per absent employee at work annually. So if you have an absent employee for even a few days, it can be
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A failure rate of 18% for businesses in their first year and 50% after five years is bleak, but it doesn’t have to mean the end for your business. If your business is struggling, don’t give up hope. Sometimes all a failing business needs is a little cash infusion to cover some upgrades. If your business
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