Facebook groups have gained tremendous popularity over the last few years. There are groups for just about every topic you can think of and there are a ton of groups designed to help and support entrepreneurs.
You’ve probably heard a whisper of the latest major clothing company that has gone bankrupt. How exactly does a company go from $85 million dollars in revenue in 2014 to bankruptcy protection at the end of 2016?
According to analysts in this LA Times article, Nasty Gal’s growth was fuelled by heaving spending in advertising and marketing creating what is known as a leaky bucket situation.
As a business owner, it’s important that you understand your priorities in building a business.
You need to have systems in place. Reporting to measure your numbers, a mechanism to build your list, an active presence on social media, a quality product or service to offer etc. But there is one other thing that you need that may not show up on your business plan.
Say hello to the New Year! There is always LOTS of excitement and motivation in the air. We all spend some time looking at the past year and dreaming of what the new one will bring.
I make sure to review the year past and ahead in both my personal life and in my business. There are 21 tips that are really important for you to follow if you want to set yourself up for a crazy successful, profitable year.
Can you relate to the feeling of perceived failure? The sinking in your stomach that makes giving up feel borderline comfortable and safe. But giving up is NEVER comfortable or safe, and failing is not the end of the story – it’s just the beginning.
There’s a story about a man many years ago who got caught up in what they call “gold rush.” He had packed up and moved to the West, determined to dig his way to wealth. He staked a claim, and with high expectations, he went to work with nothing but a pick and shovel in quest of a rich future.
Two different women, living on two opposite coasts, in two distinctly different industries, have both told me,“times are tough out here.” They believe that where they live is impacting their businesses growth.
These two statements got me thinking about my own business. In 2015, we moved to rural Nova Scotia, I spent almost 6 weeks out of commission for health reasons and managed to grow the business by over $110,000. That’s a 22% increase, living in a brand new place, with a 10% reduction in time.
There is an excuse that is used FAR too often when thinking about starting a business venture in a niche market. You’ve probably heard it before, you may have even used it before. It’s the classic “oh no, I can’t. Too many people are already doing that” excuse.
For the record – that excuse is a lie.