Taking the leap into self-employment can be scary, but it can also change lives for the better. Many self-employed people talk about how their job offers them a sense of purpose and fulfillment that evaded them when they worked for someone else, not to mention the more logistical benefits of being your own boss and […]
Autonomy, flexible hours and the ability to earn more without jumping through hoops: Given these perks, it’s no surprise that over 9 million Americans have chosen to start their own businesses, according to the latest data available from the Bureau of Labor Statistics. Of course, this is much harder to accomplish than simply deciding to […]
Thematic investing focuses on capitalizing on long-term trends or themes that are shaping the future of industries, economies, and societies. Instead of traditional sector or asset class investing, thematic investing targets specific, high-growth areas like technology innovations, sustainability, demographic shifts, or social changes. Examples include themes such as renewable energy, artificial intelligence, or healthcare innovation. […]
In any small business, risks come in many forms — natural disasters, legal disputes, employee injuries and even cyberattacks. These risks may seem unavoidable, but the right insurance coverage safeguards your business, protecting its stability and long-term success. Choosing the right business insurance is about more than just compliance; it’s about maintaining your assets and […]
As an entrepreneur, making the decision to expand your team can feel exhilarating. After all, it probably means that your business is growing. About 18% of small businesses in the U.S. have paid employees, according to the U.S. Small Business Administration (SBA). But hiring new talent comes with certain legal obligations, plus effort to recruit […]
Financial forecasting is essential to managing or planning investments. It helps investors or analysts make informed decisions for future financial performance to improve productivity. Forecasting helps to predict market trends, revenues, and risks as accurately as possible. Understanding and managing risks is important for project returns in any financial model. There are many strategies to […]
In the fast-paced business world, small enterprises must constantly strive to optimize their operations to stay competitive. One effective way to achieve this is by enhancing business processes. While traditional methods can be time-consuming, process mining provides a data-driven approach to uncover inefficiencies and streamline workflows, making it an ideal solution for small businesses. […]
As a small business owner, you are responsible for your own retirement savings. This can be a daunting task, especially given most adults believe they’ll need nearly $1.5 million to retire comfortably. The good news is that proper retirement planning can set you up for success. There are several small business retirement plans you can […]
Are you looking for a unique way to earn some extra cash while unleashing your creative spirit? Crafting isn’t just a fun hobby; it can also be a lucrative business venture. With a bit of imagination and some entrepreneurial spirit, you can turn those skills into a profitable enterprise right from your dorm room. Whether […]
Online reselling is a compelling opportunity for entrepreneurs who want to launch a business quickly and with minimal capital. A reseller forms relationships with product manufacturers to sell their goods online. Responsibilities can be broken down in various ways, but fundamentally, the reseller brings in the customer and makes the sale, while the manufacturer provides […]