Bookmarks (59)

It’s no secret that owning and operating an Airbnb business has become increasingly more popular in the past few years. Airbnb currently has about Airbnb has 12.7 million listings available. Owning a business like Airbnb is enticing to many because Airbnb operates under a peer-to-peer business model, meaning that there isn’t a third-party stakeholder orchestrating the interaction between buyers and sellers. Peer-to-peer models, in...

There are many types of business models to choose from when starting and operating a business. However, the freemium business model continues to be a popular option for many startups and established companies. While this business model may not be right for every company or project, it has proven to be a viable option for many organizations. The following are five reasons why the...

  Did you know that video marketing is an extremely effective way to grow your small business? According to a study by Wyzowl, 81% of marketers say video has helped them directly increase sales, and 87% have said that video marketing has helped them increase traffic. Another study by Animoto found that video marketing can help you achieve a better return on investment (ROI)...

  Labeled a “dumb kid” as a child by her teachers, Barbara Corcoran has made a name for herself as a real estate mogul, author, entrepreneur, investor, and TV personality. With a net worth of over $100 million, Corcoran is best known as one of the original investors on ABC’s Shark Tank. Born in Edgewater, New Jersey Corcoran was the second oldest child of...

A subscription business model can effectively transform one-time buyers into repeat customers who generate steady, long-term cash flow. Subscription business models are attractive to many entrepreneurs because they offer several benefits, such as reduced barriers to purchase, a less risky revenue stream, and a more predictable income. Netflix, Microsoft Office, Adobe Creative Cloud, and Stitch Fix are just a few examples of popular monthly...

Nostalgia is a powerful marketing tool. Many brands have been using the power of nostalgia in their marketing to invoke strong positive emotions. This strategy has been uniquely effective as the Millennial and Gen Z generations seem to be experiencing nostalgia much earlier than previous generations.  If you’re in your late twenties or early thirties or even approaching your 40s, then you fall within the millennial...

  Whether you are a freelance photographer, writer, or developer, having the freedom to work wherever and whenever you choose is one of the greatest perks of being self-employed. At the same time, being a freelancer comes with its own set of unique challenges. Thankfully, there are a variety of tools and systems that can help any freelancer overcome those challenges. Check out five...

The freemium business model is considered a pricing strategy. A basic product or service (typically a digital offering such as software, media, games, or web services) is provided free of charge. At the same time, more advanced features must be paid for by the customer. This type of revenue generation has become popular over the past decade or so; thanks to companies like Pokémon...

For over 13 seasons ABC’s Shark Tank has been a hugely popular show that has given entrepreneurs the opportunity to land capital from 6 successful investors. The show is entertaining and inspiring as viewers watch entrepreneurs take a crucial step forward in seeing their dream become a reality. The panel of investors includes a variety of personalities including billionaire Mark Cuban and FUBU clothing...

People are always surprised to learn that Apple didn’t invent the mobile phone or the mp3 player. Still, they were the first company to combine those two devices into one: the iPhone. Like Apple, successful startups need to use market research to determine what their customers want and need, who their competitors are, and how they can differentiate themselves from those competitors. What is...

No matter what kind of work you do, technology makes it possible to work even in the most remote of places. If you’re into camping in the wilderness but have always been held back because you need Wi-Fi to conduct business, now the problem is solved, thanks to a handful of businesses that offer Wi-Fi anywhere, at any time. Now you can work while...

  Sometimes known as “Mr. Wonderful”, Kevin O’Leary is a venture capitalist, entrepreneur, and politician. He is best known for being one of the investors on ABC’s Emmy Winning business reality show, Shark Tank. The show features entrepreneurs making a pitch to a panel of five investors or “sharks,” who decide whether to invest in their company. On the show, he is often direct...

  Perhaps you and your partner want to start taking photographs as a part-time gig. You may even want to eventually want to grow it into a full-time business. Regardless of your long-term goals, starting a photography business is an excellent side-hustle option, especially if you and your partner have a shared passion for photography.  If you’re ready to invest your time and money...

The risks that come along with owning and operating a business are factors that every business owner takes into account, regardless of the type of business that they own.  This is especially true if you own a small business. Although every business faces some degree of risk, small businesses are generally much more sensitive to risk. So, the best thing that you can do...

Building a successful business is not an easy task as many financial and administrational factors need to be taken into account. Taking out loans is a common occurrence for many firms, with around 43% of businesses applying for additional financing in the U.S. during 2019. For this reason, businesses are always looking to improve their credit score, and credit reporting agencies are increasingly considering...

  Known as The Warm Blooded Shark, Lori Greiner has made her mark as one of the savvy investors on ABC’s Shark Tank. The Chicago native that originally planned on being a playwright, has amassed a net worth of over $100 million as an inventor, entrepreneur, and investor.  Shark Tank is a reality television series that premiered on ABC in 2009. The show’s premise...

These days, many entrepreneurs spend more time with their computers than they do with their customers and even their families.  You might even say that entrepreneurs are in a relationship with their laptops.  Just like in other healthy relationship, it is important that you have a partner you can trust and rely on. When it comes to laptops to help entrepreneurs run their businesses,...

The Freemium business model has been around since the 1980s, but it has recently gained more popularity. The basic premise is that a company will offer a free version of its product or service, but the company will also provide an upgraded version of the same product for a fee. The free version might come with disabled features or less support than you would...

It can be wonderful to be in a loving, meaningful, and evolving romantic relationship. There is nothing like having a partner in life that you can lean on and grow with. Couples often have shared dreams of getting out of debt, owning a home, and starting a family. But oftentimes, these dreams are followed by the question of: “How are we going to pay...

When looking for a great business laptop, we often spend a lot of time trying to find the device that has all of the features we need. For some, internet access, reliability and speed are enough to get the minimum amount of daily work completed. But for people who want to increase productivity, accuracy, and effectiveness, choosing any random laptop isn’t enough. Accounting and...

As an entrepreneur, the nature of your company determines the type of business ownership that you will register.  In this article, we’ll look at five types of business ownership so that you can make an informed decision about which style aligns with your goals and vision based on their advantages and disadvantages.  1. Sole Proprietorship Suppose you’ve recognized a need in the market for...

In 1994, a successful hedge fund executive on Wall Street started Amazon with a vision to deliver books to people around the world. His name is Jeff Bezos, and his company has become a dominating force in an age of e-commerce and product development. While Amazon’s success is widespread now, it wasn’t always that way. Critics vehemently attacked the legitimacy of the business in...

It is public knowledge that taxes generally boost the country’s economy. However, during the last few years, a new term has emerged regarding taxes; the meaning and the way it works is still not known to many people – tax relief. Tax relief refers to any government initiative or policy that assists people and companies in lowering their taxes or resolving tax-related obligations. So,...

Why should you have a business model, and which one should you use? A business model is the design and framework of your enterprise. It factors your target customer or customer base, revenue streams, financing, and whether you are focused on products or services.  Flexibility is vital to any business, and if you’re not attracting enough customers or meeting sales quotas, it’s important to...

  For over a decade, ABC’s Shark Tank has allowed entrepreneurs to pitch their product or business to a group of very successful and influential investors. It has given the rest of us some insight and entertainment. Especially when some of those pitches don’t go as planned Raising money for a business is always challenging. It is also something that should be prepared for...

It’s a great time to be an entrepreneur. In the 2020’s entrepreneurs all over the world are running entire businesses with only their skills, talents, and their laptops. You may have the passion, work ethic, and skills to launch and run a successful business, but what about your hardware? If you want to grow your business in this competitive landscape, you must make sure...

  To engage with an audience, it is necessary to possess digital media and video storytelling skills. It is essential to share your story and engage with your target audience. Successful companies are good at reaching their potential customers through video. If you want to have a significant impact, you need to understand why video marketing matters to your organization. You must know how...

In many ways, Facebook pioneered the modern startup ethos: “move fast and break things,” a mantra that’s defined many entrepreneurial ambitions for nearly two decades. When applied to coding and creative endeavors, this idea can produce compelling results. But there are limits. As the Theranos trial has illustrated, there’s a need for oversight sometimes, and that’s particularly true in the sectors in which we...

Your company is young, and you are busy putting everything you have into growing it. So, it might seem too soon to even think about the day you sell. But the truth is, every founder should be positioning their startup from the beginning to be an attractive merger or acquisition target. These four tips will pay off not only when it comes time to...

On April 26, 2022, Twitter accepted Musk’s offer to purchase the social media company for around $44 billion. The platform agreed to less itself for $54.20 a share, a 38 percent premium over the company’s share price. A month before the announcement, Musk revealed that he was already Twitter’s largest shareholder Musk joined Twitter in 2010 and now has more than 85 million followers...

If you have a business, profit is probably pretty high on your list. Many people will benefit from gains. For example, investors can claim dividends, and there’s a lot less stress around increased funds. In addition, employees will feel a sense of stability. There are some companies, however, that made a choice not to be profitable. It seems unbelievable, right? This decision is made...

    When trying to gain traction in your business or personal finances, there are things that can get in your way. Sometimes there is a slow down in income. Other times it is an emergency or unexpected cost that slows things down. Whatever it may be, one of the things you want to avoid as much as possible is making late payments. Late...

Elon Musk has big plans for Twitter. On April 26, 2022, Twitter accepted Musk’s offer to purchase the social media company for around $44 billion. The platform agreed to sell itself for $54.20 a share, a 38 percent premium over the company’s share price. A month before the announcement, Musk revealed that he was already Twitter’s largest shareholder. For years, Musk has been an...

Funding a startup can be challenging. You need to decide whether you plan on offering equity (and how much), where you should look for investors, and how you should pitch. This is even more challenging when you don’t even have a full-blown business yet, but just an idea.  This is where startup competitions can save the day — and your entrepreneurial dreams. Competitions provide...

  Part of launching a startup is making mistakes and learning from them. Doing so gives you real-world insight into what works and what doesn’t. While making mistakes is part of the process, your end goal is still success. So, in your quest to reach your goals, you need to create a strategy to make it just a little easier.  For new entrepreneurs who...

Pursuing an education isn’t for the faint of heart. It takes determination, dedication… and a whole lot of money. Trying to balance classes, homework, and a social life while holding down a job can feel like a juggling act, but it doesn’t have to. Here are six side hustles with relatively flexible hours that can help fund your education, provide some extra fun money,...

We all can make mistakes when we’re starting our business. But, honestly, how can we blame ourselves? It is almost a given. Everybody needs to make mistakes to learn and grow for themselves. I am not saying that you can’t take advice from others before you begin. Inevitably you will make mistakes, but you may as well hit the ground running. Whether you are...

The 21st century has been the age of tech. Computers, tablets, phones, electronics — the list goes on. Perhaps one of the most powerful industries in tech is the gaming world. Video games, whether you like them or not, are a keystone feature of business in modern society. Among the top games, a multiplayer battle game called Fortnite has established itself as a clear...

Top 3 Website Builders With No Code Does this sound familiar – you are looking to start a business, and research has shown that having a robust website is foundational to an entrepreneur’s success. However, you don’t know the first thing about coding. Lucky for us, we now have no code website builders that make it possible for anyone to create their site. When...

    Being a single mom is challenging. Single mothers need to care for their children’s emotional, mental, and physical needs. They also are responsible for the financial needs of the household. While we aren’t experts on the emotional and psychological challenges of being a single mom, we can help by sharing some ideas for hustles that will help lighten the financial load. We’ve...

The manufacturing industry has boomed since the 20th century, and the rise in technological advancements has only propelled it further. Since robots first entered the manufacturing scene, all things production has changed forever. More accuracy, reliability, and speed are among the changes they have brought about. Creators, inventors and businesses alike can improve on robots today because they stand on the shoulders of yesterday’s...

By 2030, U.S. tech employment is forecast to amount to six million people. Staffing requirements are constantly evolving, and the endless cycle of sourcing skilled personnel to accomplish complex IT projects is both time-consuming and expensive. As a result, businesses turn to IT staffing solutions to cover these gaps. Using a staffing solution and being adaptable with employee placement can help you find the...

  If you have the task of getting your company’s products from one place to another, you have probably gotten an advertisement or two from freight forwarding services. You may wonder just what a freight forwarder can do for you.  A forwarder’s job is complex and requires special training. They are not only responsible for making sure their client’s goods get where they are...

You just started your own business, and you need funding. Traditional sources of financing are out of the question because of your bad credit history; this article will show you alternative ways to get funding. Business Credit vs. Personal credit Your personal credit history begins with your first credit card or the loan you took out to pay for college. In the United States,...

  If you have a business, you understand how the internet can help you attract and retain more clients for your goods or services. However, you need to understand the different types of online marketing to ensure that you use the proper channels to create a sturdy enterprise. Digital marketing has taken over the airwaves, and many entrepreneurs have chosen that path because of...

  “Visionary,” “revolutionary,” “genius,” and “ambitious” are just a few words that have been used to describe Elon Musk. “Ridiculously rich” is also fitting. As of the time of this writing, Musk has an estimated net worth of $266 billion. He is undoubtedly one of the great entrepreneurs of all time.  You may already know that he is the CEO of both Tesla Motors and...

Along with technological advances, businesses have evolved accordingly in an increasingly global marketplace. As an entrepreneur, you’ll have to eventually consider these developments and what opportunities they present to your company’s growth. In this article, we will look at the Peer-To-Peer (P2P) business model, which is primarily driven by technology, how these generate revenue, and examples of companies that have been hugely successful using...

The jack of all trades is a master of none. Being a specialist in one area can be far more lucrative than being average across various things. So all over the world, companies are turning to experts in specific industries to get specialized advice.  Enter the industry of six-figure consulting businesses. Regardless of what industry you currently work in, individuals who dared to think...

There are so many books for entrepreneurs to read that it can be hard to know which ones are worth your time. So, I’ve decided to share some books that I believe every entrepreneur should have read before that first week of business. The best investment of your time as an entrepreneur is learning how to run a company. Reading good books can help...

  If you build it, they will come. Whether you’re interested in setting up your dream company or you’re currently running a business that needs to satisfy customers’ demands for digital options, now is the time to invest in e-commerce. A booming market According to the Census Bureau of the Department of Commerce, the estimate of U.S. retail e-commerce sales for the second quarter...