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.
The challenges of running a small business involves dealing with personnel issues in media, shipping and logistics in econ, cash flow and supply chain in software, and enterprise sales in general. Despite these challenges, it can feel slow sometimes due to issues such as background noise and not following client prompts.
Learn how to turn your part-time side business into a full-time venture in just a few minutes by signing up to receive five bullet points every Friday, which includes helpful tools and resources for entrepreneurs. Don't let uncertainty hold you back from building a successful business you're passionate about.
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 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.
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.
