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Your Next Small Business Opportunity Could be One of These 5 Ideas

With so many opportunities out there, it is always hard to settle on the best idea to invest in as an entrepreneur. It can be challenging to figure out where to put your money and an investment worth pursuing. Although jumping on a new trend can be risky in many instances, it can also be rewarding if you focus on what you love. The best business ideas are those born at the intersection of strategic thinking, passion and right timing. Your next small business opportunity could be one of these five ideas:


How to Make Sure You’re not the Next Hardware Development Failure Statistic

Turning an innovative idea into a successful commercialized product is no small feat. In fact, most hardware product design projects fail to deliver a positive return on investment. Research shows there are a myriad of contributing factors to hardware product design failure. And among a thousand decisions that need to be made in the product design lifecycle, there are fewer than 10 critical decisions that if made incorrectly, not only lead to new product failure in the market, but also start-up company failure.


Not All Small Businesses Are Optimistic About Rebounding from COVID

The coronavirus pandemic has wreaked havoc on almost every industry and business, both small and large. While large enterprises have been affected, small ones have suffered the most from the pandemic. All over the world, many small and medium-sized companies were forced to stop their operations, with most of them having to realign to stand a chance of surviving the harsh times. Despite the loans and other packages that the government and other institutions have released, a Wells Fargo survey indicates that small business owners continue to face many financial challenges due to the global pandemic.


Micro-Planning Through Uncertainty

In the current age of uncertainty, there is very little over which we have any real control. This makes people uncomfortable—particularly in the business community, where business leaders and decision-makers struggle to plan for a future in a present that continues to take unexpected detours. The question is, how can businesses plan for growth when the goalpost (and the field and the players, for that matter) continue to move? 


Is Your Business Recovery Plan as Good as This One?

 The COVID-19 has wreaked havoc on many businesses globally, both small and large. The majority of small businesses have been left struggling to stay operational, while many others have shut down altogether. The impact of the coronavirus pandemic has led to high health costs, reduced consumer spending, and disruption of the supply chain, all of which have affected businesses adversely. Although the short-term outlook for businesses varies significantly from one industry to another, it is crucial to consider the recovery mode and what your business will look like once things return to normal. Here are things that small businesses need to recover and thrive in 2021.


Workers Who Won’t Get Vaccinated? Leaders Can’t Let Them Disrupt Business

COVID-19 has kept most employees out of the office for a year. Vaccines, however, will make it safe to bring them back, and in the process help restore our economy. But the big question is, what about the employees who will decide not to get vaccinated for personal reasons? How should employers walk that slippery slope?


Prep Your Business Continuity Plan Before You Need It

If there is anything 2020 has taught us, perhaps emergency preparedness is the biggest lesson ever. The coronavirus pandemic has taught us the importance of having emergency preparedness and the need to have a plan that will keep the business running during and after a crisis. Emergency preparedness is not a one-day affair. It is a process that does not just involve a single drill once a year but entails planning how a business will run, before, during, and after a crisis. The process begins with identifying possible business threats or disruptors and developing plans to counter them. Here are some common business disruptors to watch:


The Future of Work is Flexible: Reimagining Office Designs and Strategies to Thrive in Our New Reality

With the Covid-19 vaccine finally making its way through the country, bringing staff back into the workplace is at the forefront of companies’ minds. This has continued to push conversations from when staff will come back to the office, to how.


The WFH Vs. Return-To-Office Debate: What Employees, Bosses Should Consider

Many Americans have been working from home full-time for a year now since COVID-19 hit the U.S. And many prefer that arrangement to a traditional office. In a survey, 65% said they want to work remotely full-time after the pandemic.


5 Ways Small Businesses Can Grow After Emerging From Disruption

The pandemic made 2020 a difficult year for many small businesses, as many closed permanently. But other small companies had success despite the surge in outbreaks and are hoping to build on those achievements in 2021. How can they keep their momentum going, and what can other companies learn from their struggles to navigate the challenges of the new year?


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