6 Common Mistakes Small Business Owners Frequently Make


To say that small and medium enterprises (SMEs) are the backbone of the country’s economy is an understatement. In the U.S, there are over 30 million small businesses, with half a million more coming up every month. These businesses employ over 57 million people highlighting their influential role in the economy.

However, things are not so rosy for most SMEs startups. It is tough to set up a small business in the current, highly competitive business environment. A large number of small businesses fail with records showing only 50% of SMEs survive past five years.

If you want to set up a business, it is important to learn from those who came before you. Learning from their mistakes will set you up for success. Here are some common pitfalls you should avoid.

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6 Skills Every Successful Entrepreneur Has


The famous adage, “When the going gets tough, the tough get going” best relates the ambitious nature of any entrepreneur. They are undoubtedly persistent and thrive on reaching small milestones and ultimately attain the desired goal.

Sure, the overall experience and skills in a particular niche are the essential characteristics of an entrepreneur. But, is that all they got?

Definitely not!

So, what are the other vital skills that are integral to the success of all the entrepreneurs out there? Take notes as we have mentioned them below for you.

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5 Customer Satisfaction Tips for New Retail Stores


A successful retail store will live or die by the quality of its customer service. Essentially, your customer is at the center of every decision you make from the products you sell the layout of the merchandise. While it’s a bit of a cliché to say that the customer is always right, if you want to secure a bright future for your enterprise, it’s a concept you’re going to need to take to heart and remember on a daily basis. You should be familiar with the basics of smiling and saying please and thank you (hopefully), but if you have recently opened or about to launch a new retail store, here are 5 less obvious customer satisfaction tips to keep in mind.

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How to Write a Winning Business Plan


Every business idea begins with the hope of being successful. There are many businesses that start but only a few sustain. The challenges are ever increasing in this global market. The opportunities are endless, but it is only viable for those who are smart enough to adapt, keep up with the changes and take risks. As a blueprint is essential before building a house, a business plan helps to bring focus on the business. It determines whether the business idea is worth the effort or not.

A great business plan can be made only when you know your business very well and get deep into all the details. The key components of a business plan are as follows:

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4 Ideas to Improve Your Marketing Skills


No matter which career path you choose, seeking to improve your skills over time is bound to increase your job satisfaction. Maybe you’re working as a marketer and looking to up your game? Or perhaps, an entrepreneur who wants to brush up their marketing skills? Either way, these four simple ideas are well worth scribbling on your to-do-list.

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How to Build a Great Team of Talented Employees


You’re not going to build a big and successful company all on your own, for one simple reason: no-one ever does. If your company is going to reach its full potential, then you’ll need to have employees on your side who will help to bring the skills that you need to progress. But of course, this is one of the trickier aspects of running a business. You might want to have a great team of employees, but it’s not going to happen naturally — you need to make it happen. Below, we take a look at a few tried and tested tips that’ll push you in the right direction.

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4 Tips to Help You Invest in Developing Markets


It carries much more risk than alternative forms of investment, but if you are serious about coining the big profits then developing markets is one area that you should most definitely consider (Fortune, 2018).

Sure, you might lose some money, but if one company gets their strategy right the rewards can far surpass anything that you would receive in a so-called stable economy.

Of course, there are various do’s and don’ts when it comes to this area, and through today’s piece we will mull over four tips that can help you along your way.

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What You Need to Know About Startup Taxes


Thinking of starting a business, there are many factors to consider, such as planning how to handle management, hiring, buying, and marketing, that sometimes the issue of taxes is forgotten about.

Starting your business will require time, preparation, and preparing tax obligations might affect how many steps you have to take when starting your new business. You must understand the numerous taxes you might encounter so that you can factor these costs into your financial projections of your business plan.

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3 Skills the Autistic Individuals Tend to Excel At


Many people look down and scorn individuals who have autism, believing that they’ll never make anything of themselves in society. This is a terrible way to think; autistic individuals may act a little differently, but that doesn’t mean that they aren’t capable of functioning in society.

If you yourself are autistic or you have a friend or family member who is, their different ways of viewing the world may make them the perfect candidates for certain jobs. Here are three skills that autistic people tend to excel at, making it easier for them to carve their way towards certain occupations.

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3 Reasons Why You Should Learn These Key Business Skills


You are never too old to learn, and taking the time to go to training or teach yourself key business skills will see not only a positive impact in your work life but also your home life too. Knowing which skills are worth learning, however, is crucial, so you are actually putting them to good use. When skills can aid you in both work and your personal life, you will be asking yourself why you didn’t do it sooner.

Here are 3 reasons why you should learn these key business skills.

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