In the dynamic landscape of modern commerce, small business owners often find themselves juggling multiple priorities, from managing operations to marketing their products or services. One essential concept that can significantly impact a business’s success is Customer Lifetime Value (CLV). In this blog post, we’ll dive deeper into the importance of CLV for small businessContinue reading “How Understanding Customer Lifetime Value (CLV) Will Grow Your Business”
Category Archives: Entrepreneurship
The Importance of Product-market Fit and How to Start for Free
What is Product Market Fit? In the world of business and entrepreneurship, one of the most important concepts is product-market fit. It is a term that is used to describe the degree to which a product satisfies the needs and demands of its target market. In other words, it is the measure of how wellContinue reading “The Importance of Product-market Fit and How to Start for Free”
Where to Find Money to Start Your Business
Starting a small business can be a daunting task, especially when it comes to financing. While venture capital may be the most well-known source of funding for startups, it’s not the only option. In fact, there are many alternative sources of funding that entrepreneurs can explore. In this post, we’ll take a look at someContinue reading “Where to Find Money to Start Your Business”
How to use the Business Model Canvas
As an entrepreneur or startup founder, you’re constantly looking for ways to develop and improve your business. One tool that has gained popularity in recent years is the Business Model Canvas. Developed by Alexander Osterwalder, the Business Model Canvas is a visual framework that helps you map out your business model and identify key components.Continue reading “How to use the Business Model Canvas”
How Gig Workers Can Start a Business
The rise of the gig economy has enabled millions of people to work on their own terms, whether it’s driving for ride-sharing services, delivering food, or freelancing in a variety of fields. However, for many gig workers, the lack of stability and benefits associated with traditional employment can make it challenging to build a sustainableContinue reading “How Gig Workers Can Start a Business”
Six Steps to Using Lean Methodology to Start a Business
Starting a small business can be a challenging but rewarding experience. It requires careful planning, strategic thinking, and a willingness to take risks. However, with the right approach, you can increase your chances of success and turn your business idea into a profitable venture. In this blog post, we’ll explore how you can use theContinue reading “Six Steps to Using Lean Methodology to Start a Business”
Where are all the millennial entrepreneurs?
Millennials (born 1977 to 1995) are not starting businesses at the same rate as previous generations. Data from the US Small Business Administration found that fewer than 4% of 30-year-olds were self-employed full-time. At the same age, 5.4% of Generation X-ers and 6.7% of Baby Boomers were fully self-employed. Overall, the number of self-employed AmericansContinue reading “Where are all the millennial entrepreneurs?”
What is a Business Model?
A business model is a repeatable process for how your business makes a profit. It seems simple enough conceptually but, defining your business model is extremely important when building a company. It may be easier to think about with an example. Let’s say you want to open a pizza shop in your hometown. You recentlyContinue reading “What is a Business Model?”