There are increasing numbers of older people starting their own business. When people retire they face a great challenge; how to survive without a job and how to find a purpose in life. For some it is an opportunity to pursue hobbies and sports that they love but others miss the buzz of the workplace.
In a recent TED Talk, Pallotta contends that nonprofit business models should leverage the same business model tools and strategies as the for profit industry. The reasoning supporting this conclusion is that NPO’s need to become more competitive to recruit top talent, create competitive advantage, and generate additive values that are wanted by the customers
There’s a moment that strikes many of us in the fall, usually around October or perhaps even earlier, as we enter grocery or department stores: “The Christmas stuff is already out.” Scoff if you will at jumping the gun on the holidays (“And the Christmas music is already on the radio!”) but there is value
There are encouraging signs for women looking to start a small business. Take the results from American Express’ OPEN Forum 2016 State of Women-Owned Businesses Report. Among the results: Businesses owned by women increased by 42 percent from 2007 to 2016. Women started 1,072 new businesses a day in that time span. There are more
It takes around five times more money to find a new customer than it does to retain an existing one. And using social media to do this can often be easier than you think. The ease of use and the low cost involved in a number of social media actions means that you can put
You could face any number of challenges as you nurture your small business, and struggling to come up with the perfectly punny name doesn’t even make the top 10. One of the most notorious problems for small businesses involves something far more serious — failure to manage cash flow. Smaller businesses, especially young businesses that