Category: Small Business Financing By State
A major goal of starting a business is to become profitable. Exactly when that happens will depend on your unique business and industry. Startups typically become cash flow positive after three to four years, according to the Massachusetts Institute of Technology (MIT). At that point, small business owners usually ask themselves one very important question: Is […]
The mere mention of “team-building activities” will elicit groans and eye rolls across an organization. Employees shuffle into meeting rooms, conjuring up images of forced camaraderie, awkward icebreakers, and the contrived exercises that await them.
Pushback. It’s a word that often carries negative connotations in the business world, evoking images of conflict, resistance, and roadblocks. However, what if I told you that pushback didn’t have to be an adversary to be conquered but could be an invaluable asset to be harnessed?
Like many CEOs, I love sports. As a young adult, I played basketball, baseball, and soccer as a kid, overachieved in golf and tennis (for my talent level, anyway), and became a fervent skydiver in college. Now, I am passionate about skiing and scuba diving. Competing in sports taught me to stretch past my mental […]
Entrepreneurship is a journey marked by resilience. In the often glossed-over narratives of success, an entrepreneur’s hardships are a crucial part of their story, but these are the tales often left untold. Challenges aren’t mere stumbling blocks, they are transformative crucibles that test the mettle of visionaries across the business landscape. But how do entrepreneurs power […]
When you think of your customer’s biggest concerns, is price transparency on the list? If not, your ecommerce business might be missing out on an opportunity to build its customer base.
There’s a reason diversification is an important part of financial health — whether we’re talking about your investment portfolio or your business, putting all your eggs in one basket is a big risk.
Beyond the conventional emphasis on positivity and motivation, leaders are increasingly recognizing the urgency of creating psychologically safe environments — where employees feel empowered to express themselves without fear of judgment or repercussion.
The only true certainty about consumer behavior is that it’s always changing.
Leaders continually explore ways to sharpen their business edges, a process that’s exhilarating and uncomfortable. Consider generative AI, for instance. Some CEOs might respond, ‘Yes, take it somewhere else.” However, most want to know how artificial intelligence tools can benefit their businesses. I certainly want to know, so I asked ChatGPT this: “How can you […]