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.
A small business owner expressed her frustration on Facebook after being negatively impacted by COVID-19 related mandates and shutdowns, sparking a political discussion.
Learn about the tax benefits of owning a small business, including the ability to defer and avoid capital gains taxes on investments. Don't skimp on hiring experts to help you make the most of these benefits.
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.
The high cost of medications and software dependence can be financially crippling to small corporations that do not have support contracts. This worldwide problem presents challenges for those trying to make ends meet, but with perseverance, some have been able to provide for their families.
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.
Identifying local influencers is key for small businesses to gain recognition and recommendations in their community. The concept of credibility by association is also prevalent in social media influencer marketing, but it's important to use your platform for good and add value to your audience.
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.
