The founders of a small business recount a particularly intense moment when they had to negotiate with a person who made a claim on their name, resulting in their Instagram page getting wiped out. Building a business in its early days requires taking steps to make it seem and feel bigger than it is.
A lawyer admits to learning more from his small business clients than he ever did in law school, stating that he became completely passionate about business and entrepreneurship.
The COVID-19 pandemic has caused many small and medium businesses to transfer their wealth to larger organizations like Amazon and Target, leading to concerns about the morality of big businesses and the potential for monopolies.
A small business owner expressed her frustration on Facebook after being negatively impacted by COVID-19 related mandates and shutdowns, sparking a political discussion.
The CEO of Growth Assistant provides a cost-effective solution for small business owners by filling out spreadsheets and aiding in tasks like taxes.
The bottom line of small businesses can be more profitable than some medium-sized enterprises, despite having fewer employees. However, many small business owners struggle with financial burdens and often need to cover personal expenses using company funds.
Small business owners often make the mistake of presenting optimistic financial projections to banks when applying for loans. It's important to be realistic and include best and worst case scenarios.
Price increases due to inflation can have a significant impact on small businesses, unlike larger corporations who can adjust more easily.
TOMS founder, Blake Mycoskie, shares his experience of running a successful enterprise that began small and raised bank loans to finance inventory, instead of having investors demand fast growth rates. Having a valuable company and leverage is more effective than immediately seeking financing, and focusing on addressing frustrations and needs can lead to a successful startup.
The speaker recalls someone at a Fleet Week party mentioning that Sax's clothing business, which may have originated from Montclair, may have been promoting other products in addition to their own. The speaker then jokes about receiving free Montclair shirts at a poker game.
The speaker praises Bolt for maintaining its business integrity and highlights the advantage of small businesses, such as the ability to see the passion behind them. They also discuss the challenges of scaling a business.
