Data analytics is no longer just a tool for large corporations. Today, small and medium businesses can now use their data to: Reach new audiences. Improve operations. Fuel business growth. This is thanks to new small business technology trends that have made large swaths of data available to everyone — from single-location boutiques to multi-location, […]
Data analysis isn’t just for corporations. Small businesses can benefit from big-data technology, too. big-data analytics tools enjoy 15% more sales than companies that do not, according to the Georgia Small Business Development Center. Even though the U.S. economy is expanding at a rate of less than 3% each year, businesses of all sizes are […]
For many new entrepreneurs, money management and cash flow are always on the mind, especially when considering that about half of small businesses fail within their first five years, according to the U.S. Small Business Administration. Small business owners walk a narrow line when it comes to their finances. With talks of a struggling economy […]
Education and organization are two keys to ensuring your business is financially healthy. Properly managing your finances stabilizes your company and makes your business less likely to fail. To manage your company’s finances, make sure to pay yourself, keep good credit, monitor your books and plan ahead. Debt funding for small businesses means interest fees […]
The COVID-19 had everyone in a tight chokehold. Countless businesses, especially small businesses, were shut down due to the pandemic’s adverse economic impact. And unfortunately, the construction industry was one the most affected industries. A series of lockdowns and quarantines put the economy on a dangerous pause. And given how sensitive the construction industry is […]
Profitability is the lifeblood of any business, small or large. It allows a company to reinvest in itself, pay its employees and shareholders, and fund future growth. There are many ways to increase profits, but not all are created equal. Some methods may bring in more revenue in the short term but be detrimental to […]
Faith Funeral Home, Inc. has served families in Havana and surrounding communities for the past 19 years. Owners Edna and Scott Whitehead have been working with their business consultants at the Florida Small Business Development Center at FAMU (FSBDC at FAMU) to find ways to expand and better accommodate families in their time of need. […]
A recent study of consumers confirmed that adverts do influence their buying decisions, though not all advert types are successful. For example, celebrity endorsement was rated the top ‘Characteristic of a Bad Ad’ in the study by marketing experts Unsupervised, suggesting the power of the influencer is not as great as celebrities like to think. […]
Healthy margins are essential to launching and growing small businesses and finding the right price helps maximize profitability and future growth. Product pricing is not something that comes naturally for most people, but it is an essential skill that small business owners need to hone. As small business owners set their price for their products […]
Small business loans let eligible business owners borrow funds to cover company-related purchases and operating expenses. Whether you’re just starting your business or trying to grow, the best small business loans can help you access the capital your business needs to thrive. Consider these tips when comparing small business loans: Read more…
