YoungUpstarts
MAY 5, 2020
The odds were always difficult for small businesses even before the pandemic. According to the numbers published by the Small Business Administration in 2018, 20% of these enterprises fail in their first year. You can, however, make sure you do your part in keeping your employees and yourself safe from the disease.
Up and Running
JULY 28, 2022
Generally, the size is based on the number of employees and annual receipts for a given period. Small Business Administration , an organization is considered to be a small business if their: Firm revenue ranges from $1 million to $40 million Number of employees is between 100 and 1,500.
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YoungUpstarts
MAY 9, 2014
Now that you have your business up and running you must sustain and grow it, but how do you do that? There are many helpful resources for budding entrepreneurs and small business owners and my first recommendation is to start with the U.S. Hootsuite is a great resource for the budding entrepreneur or new business.
Up and Running
AUGUST 5, 2015
However, many forget how lucky they are being citizens of an economically stable country that has a lot of freely available resources for entrepreneurs, such as the Small Business Administration. Take a cue from Natasha, and channel her motivation and fresh perspective to find and use the resources available to all.
YoungUpstarts
APRIL 27, 2017
Difficulties arise when companies begin to scale up because as a company grows and expands its operations, entrepreneurs typically become less involved with the day to day operation of their business. Other research indicates that nearly 8 out of every 10 new businesses will fail within the first 18 months of beginning operations.
YoungUpstarts
APRIL 26, 2016
Long-term success hinges on proper preparation, and this starts with creating a business plan. There is a multitude of marketing channels available to entrepreneurs. If you are on a tight budget, then you may have to limit your marketing efforts to a few channels such as PPC and email advertising. Use a business plan template.
YoungUpstarts
JANUARY 13, 2017
If your small business doesn’t already sell online, 2017 is a great time to get started. Pursuing new sales channels while maintaining your current brand can help diversify your products and attract more customers to your business. Nolo.com has good advice on employee evaluations. Evaluate your sales team.
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