One of the most important goals of every business owner is to earn a profit. Of course, besides the feeling of fulfillment that comes whenever they get to provide products or services that somehow help to better the public’s everyday lives, this is what drives one to continue working hard and creating new ideas that
What difference a year makes. Back in April 2020, Americans lost a record 20.5 million jobs as the COVID-19 pandemic raged and shut down many businesses. The unemployment rate rose to almost 15 percent—the highest it’s ever been since World War II. This year, as the economy tries to recover, almost 10 million jobs became
Aspiring business owners need to establish their reasons for setting up a business of their own. Being aware of this driving force will guide them towards making appropriate decisions about their new businesses. This will protect business owners from taking unnecessary risks that can be detrimental to the future of their business venture. Aiming to
So you’re done with the foundations of starting a business: conceptualizing your products and services, studying your target market, and funding it. You think that you’ve already overcome the most difficult part of being a businessman—until it dawns on you that you don’t have a final name yet. The name of your business will either
Budding entrepreneurs look for helpful tips somewhere at the outset of their journey to help them get started, gain motivation, or score the perfect business idea that will help them flourish as a merchant. Some of these tips are worth trying, but you have to meticulously look for ones that will certainly help you on
If the pandemic has taught you anything about running a business, it’s how important it is to be relevant to your customers even in such overwhelmingly difficult and extraordinary times like this. So, how can your business become relevant when your customers are trying to save their hard-earned money, keeping it for harder times ahead?
If you’ve been living in Singapore for quite some time, you should know by now that it’s an expensive city to live in. And even if you earn a lot, you’d still need to set aside a huge chunk of your salary to pay rent, get around, and eat decent meals. That said, it’s common
The U.S. economy is reopening as 44.1 percent of the population were already fully vaccinated, and 52.7 percent had at least one dose of the Covid-19 vaccine as of June 16. With the Centers for Disease Control and Prevention (CDC) lifting restrictions for fully vaccinated people, businesses started their engines. Surge in Manufacturing Demand Is Met
By now, restaurant owners will have already had a full grasp of the impact of the COVID-19 pandemic on their business. Only a couple of weeks after the crisis broke up, the aftershock was already as tangible as it could get. It came in the form of temporary closures, layoffs, permanent shutdowns, shrinking profits, and
The year 2020 rendered a lot of businesses obsolete. Regardless if it’s a huge company or a small-scale business, the pandemic closed a lot of doors for many people. However, 2021 is different. We now have a vaccine, and the global economy is slowly beginning to stand on its own two feet again. If you