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.
The CEO of Growth Assistant provides a cost-effective solution for small business owners by filling out spreadsheets and aiding in tasks like taxes.
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.
The speaker discusses the appeal of having a diverse range of businesses in one location, allowing for a mix of experiences and activities, from a tea shop to a cocktail bar to firing machine guns in the desert.
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 gives advice for small business operators, including how to use autoresponders and framing small size as an advantage. He also mentions paying around 200 to 400 people in the supply chain at any given time.
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.
