It’s every entrepreneur’s worst nightmare: a failed business. Unfortunately, that “nightmare” is all-too-common a reality for new business owners, as evidenced by a 2019 study showing that 11 out of 12 startups fail. Put another way, your chances of succeeding as an entrepreneur are a little less than one in 10. Ouch! Of course,…
Generally speaking, entrepreneurs do NOT like competition! And can you really blame them? As a business owner, competition makes things a lot more… let’s just say… challenging. But what if that’s not necessarily a bad thing? In fact, what if (bear with us here) the challenges brought on by competition lead to better products and…
Every so often, a new tool comes along that revolutionizes the way we do business. Right now, that new tool is augmented reality (AR), and it is taking the retail industry by storm. “We are expecting a lot more businesses to utilize AR for their products and businesses—so much so that it will become…
Have you ever purchased something—whether that be a car, a TV, or a computer—only for it to turn out to be a total dud? That regrettable outcome could have very well been avoided had you practiced what is known as “due diligence.” In a general sense, due diligence refers to the process of exercising…
Did you know your bookkeeper can be one of your greatest assets when it comes to growing your business? And yet, so many business owners underutilize their bookkeeper because they view bookkeeping as a means to filing taxes. But it’s time to change that perception once and for all, because as we’re about to…
Having worked with numerous business owners in various industries across the globe, we can tell you exactly why every company is looking for professional bookkeeping services. Simply put: because doing your own bookkeeping is a pain in the you-know-what. And there’s scientific evidence to prove it! A TD Bank survey of more than 500 small…
To say that COVID-19 devastated the U.S. economy is an understatement. According to Yelp’s Local Economic Impact Report, nearly 100,000 American businesses that temporarily shut down due to the pandemic are now permanently shuttered. That’s a lot of broken dreams. That’s a lot of lost money. And that’s a lot of people who are…
In the early stages of starting an Amazon business, most sellers do everything on their own, from listing creation to customer service. And that’s perfectly fine when you’re just starting out or if you’re running a small operation. But if you want to scale, doing everything on your own simply isn’t feasible. That’s because…
In business as in life, there are tasks you enjoy doing and others that are pure drudgery. It’s safe to say that for most entrepreneurs, bookkeeping falls into the pure drudgery category. The good news is, you don’t have to do it. Wait. Let us rephrase that, because what we really mean to say is…
There’s never been a better time to be an Amazon seller. And there’s also never been a better time to sell your Amazon business! The ecommerce industry is HOT right now, as evidenced by the record-breaking sales that took place in 2020. And while much of the spike in sales was due to the COVID-19…