The trend of consumers moving away from traditional brick-and-mortar business toward online commerce has been going on for years. But things have sped up in 2020: Consumer habits and expectations are rapidly changing, and business owners face new regulations and health concerns.
You may not be able to run your business exactly according to plan next year. If it’s anything like 2020, 2021 could be a challenging time for many small businesses around the country.
Small Business Saturday 2020 is coming up on November 28, and this year’s event could look different than it has in the past. With the recent rise in online shopping — along with the challenges of in-person shopping — participating small-business owners may need to adapt their strategies for the day.
Because most companies use equipment of some type, a small-business equipment loan is something every owner should consider. It might just be a laptop and a phone, but it could be as elaborate as manufacturing robotics.
Whether you’re taking on new work, dealing with high staff turnover or just looking to bring some fresh ideas to the table, knowing how to recruit employees for your small business is essential. Attracting qualified employees can be a challenge, especially when larger, more established companies are competing for the same talent.
Slow summer sales are common for many small businesses. But even though revenue may be down, there are ways to take advantage of this time.
If your small business is like many others, summer brings with it a unique set of challenges. It might be your busiest time of year, where you’re moving inventory as quickly as you get it or booking up services all day long.
The circular economy is a concept that’s increasingly gaining in popularity with small businesses that want to operate more efficiently. It’s a new economic model that leads to cost savings and efficiency and that’s also good for the planet.
When you’re considering just what digital transformation is, the topic can seem almost overwhelmingly broad. Digital transformation strategies are having an impact everywhere in business: designing and producing products, managing employees, going to market and serving customers, dealing with finances and risk, and operating physical workplaces.