Tag: Business

News

The Devastating Impact of SVB’s Collapse on Startups: Inability to Make Payroll

The collapse of Silicon Valley Bank (SVB), one of the largest and most influential banks for startups, has sent shockwaves through the startup world. While many have focused on the impact on the financial industry and the broader economy, the effects on individual startups are now becoming clear. With SVB’s collapse, many startups are now struggling to make payroll, and the consequences are dire. For … Continue reading The Devastating Impact of SVB’s Collapse on Startups: Inability to Make Payroll

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Brand Identity

Lessons Learned from Wimpy’s: Safeguard Your Intellectual Property

It’s interesting how a passing mention in a TV show can spark curiosity and lead down a rabbit hole of discovery. Wimpy’s is indeed a cautionary tale about the importance of protecting intellectual property and how even well-known brands can make mistakes that lead to failure in the market. It’s also worth noting that while Wimpy’s disappeared from the US, the brand has survived internationally, … Continue reading Lessons Learned from Wimpy’s: Safeguard Your Intellectual Property

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Best Practices, HR

Misclassifying Workers: The Risks and Costs for Employers

Understanding the difference between an employee and a contractor is crucial for employers to avoid unnecessary legal and regulatory headaches. Misclassifying workers can result in significant penalties, back taxes, and even lawsuits. In this blog post, we’ll explore the key differences between employees and contractors and the potential consequences of misclassification. What is an employee? An employee is a worker who is hired by a … Continue reading Misclassifying Workers: The Risks and Costs for Employers

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Mindset, Project Managment

From Project Manager to Entrepreneur: How to Use Your Skills to Start a Business

If you have experience in project management and a desire to start your own business, you already have a valuable skill set to build upon. While starting a business can be challenging, your project management experience can help you plan, organize, and execute your startup idea effectively. Here are some steps you can take to use your project management experience to start your own startup … Continue reading From Project Manager to Entrepreneur: How to Use Your Skills to Start a Business

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Brand Identity, Marketing

Beyond the Product: The Role of Marketing in Successful Business

Having a great product is often touted as the key to success in business. However, more than having a great product is needed to guarantee success. In fact, many companies with fantastic products have failed in the marketplace due to a lack of effective marketing or customer behaviors. The reason for this is simple – consumers are inundated with countless options and choices, and it … Continue reading Beyond the Product: The Role of Marketing in Successful Business

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Best Practices, Finance

Keeping It Separate: How Single-Member LLC Owners Can Avoid Commingling with the “Owners Draw”

As a single-member limited liability company (LLC) owner, it is crucial to understand how to use the “Owners Draw” to prevent commingling. The term Owners Draw refers to withdrawing profits or funds from your business for personal use. Commingling happens when you mix your personal and business finances, resulting in legal and financial problems. One of the main reasons for creating a single-member LLC is … Continue reading Keeping It Separate: How Single-Member LLC Owners Can Avoid Commingling with the “Owners Draw”

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IT Ops, Product Review, Productivity

Streamline Your Business Expenses with Tello’s Affordable eSIM Phone Plan

Are you finding it difficult to separate your personal and professional lives because of the high cost of maintaining multiple phone lines? The good news is that you don’t have to spend a fortune to achieve this. In fact, if your phone supports eSIM, then you’re already one step ahead. By using an eSIM, you can easily set up a separate phone line for your … Continue reading Streamline Your Business Expenses with Tello’s Affordable eSIM Phone Plan

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Best Practices, Featured

From Idea to Reality: A Guide to Evaluating Your Startup’s Viability

To increase your chances of success when starting a new business, it’s crucial to evaluate your startup idea and minimize your risk. This involves identifying the problem your startup solves, defining your target audience, researching the market, testing your idea, evaluating its financial viability, and determining its scalability. These steps enable you to make informed decisions and better position your startup for success in a … Continue reading From Idea to Reality: A Guide to Evaluating Your Startup’s Viability

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Featured, Marketing, Mindset, Operations

From Hobby to Business: Why You Should Take Your YouTube, Instagram, TikTok Channel(s) Seriously…

In recent years, YouTube, Instagram, and TikTok have become some of the most popular social media platforms, with millions of users creating and consuming (keyword) content every day. Many creators view their channels as a hobby, a way to express their creativity, or share their interests with others. However, there are many reasons why you should view your channel(s) as a business. You can make … Continue reading From Hobby to Business: Why You Should Take Your YouTube, Instagram, TikTok Channel(s) Seriously…

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Best Practices, Mindset, Operations

Insights for Improvement: Evaluating Your Business Model to Drive Success

As a business owner, I know firsthand how important it is to periodically step back and evaluate my current business model. This involves taking a close look at my operations, financials, customer base, and market trends to determine what is working and what isn’t. By doing so, I can identify areas of my business that need improvement and make necessary changes to improve overall performance. … Continue reading Insights for Improvement: Evaluating Your Business Model to Drive Success

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