In business, being the trusted authority in your space is the best way to earn your customers’ trust. Or is it the other way around? Do you become an authority in your space by earning the trust of your customers and clients over time?
Authority, clout, credibility — the immediately earned trust…
Will investing have a grunge rock moment in 2021?
I’m talking about the “alternative” investments that have begun to take the stage this year and could go mainstream in 2021. Here, I’ll feature three types of alternative investments that rocked the scene in recent months, as they became more accessible: bitcoin, special purpose acquisition…
If your experience with startup businesses is mostly based on what you’ve seen in movies, you may think that small business financing is as easy as walking into a bank and having a quick meeting with the manager. If you have a startup, you just need to put a business plan together first.
In reality, banks are reluctant to make new business loans…
With Bitcoin reaching a new all-time high on November 30 at $19,684, entrepreneurs have started wondering if failing to adopt the cryptocurrendy as a payment method could potentially result in a missed opportunity, even compromising business growth in the medium- and long-term. The reason for the price surge does not seem to be based on hype, but instead…
Creating a new product, service or changing the way in which business is done is a noble path that many embark on, and find more challenging than they expected. Besides financial roadblocks and struggles, there are also emotional ones. Many entrepreneurs are told by peers or friends that this is not the time to start a business, with Covid causing so much uncertainty…
Most entrepreneurs at least partially depend on the state of the economy for their businesses to thrive. During times of high consumer confidence, spending is higher, companies are willing to take more risks and most businesses are able to generate more revenue. But during times of hardship, it’s harder to get financing, revenue dries up and…
You may have heard of the tradition of saving your first dollar from your first sale. Mom and pop stores have them framed near cash registers or tucked lovingly into office drawers. It serves as a symbol for the toil and joy of building a business.
So you’ve earned your first dollar(s), and now you’re wondering…