About 20% of small businesses fail in their first year. But don’t get too confident because another 50% would fail in their fifth year, according to the Bureau of Labor Statistics. Understanding where your business is currently at is important to gauge where it is headed and strategize smartly. One critical question you should […]
Category Archives: Expansion
Startup culture has definitely been on the rise in the last decade. But that doesn’t make it immune from failure. As many as there are new companies coming, there are also many that have failed. No matter how good your product offer is, if several parts of your organization aren’t working properly, you won’t […]
Today’s international market calls for international action. Yet, the U.S. Department of Commerce (DOC) reports that less than 10 percent of American companies in the manufacturing and service sector engage in global trade. But, whether you like or not, you are perhaps already competing with foreign-owned businesses in your local markets. With that in […]
Taking your small business to the international markets can be very challenging particularly considering your small budget, limited international exposure, and economic uncertainties in different parts of the world. That is not to mean that you should limit your market to your local population. Technological advancements, as well as the emergence of social media, have […]
In today’s fast-paced business world, new business models are being invented on a daily basis and as such leaders need to continually be at the top of their game to help them navigate this fast-changing business landscape. The business model canvas is a great tool to help you as you start up or expand your […]
Almost everything is just one click away; only if food could be downloaded from the Internet as well!! Globalization has rocked the world in the 21st century and changed the dynamics of the business to an extent where some people have lost their lives while others have found new ways to earn huge profits. How has […]