As a small business owner and entrepreneur, sponsoring an event is a quick and effective way to get your name out there in the community. In fact, which type of event you attach your brand to can, indeed go a long way to helping shape the nature of your brand.
Every business owner knows that you can never have enough paying customers. Customer acquisition is ranked very high among entrepreneurs across different industries.
Revenue stream can simply be defined as a source of income or cash flow in a business. The idea is that your business, as a whole is involved in many activities that generate cash. This cash could come from direct sales, Wholesale, consulting, etc.
Assembling beautiful gift baskets can be simple and fun. One can start a gift basket business from home or in a storefront. Consider which model is best for you before you go into business to create gift baskets for sale.
Personally, I love the idea of owning and running my own business. Probably this passion for owning a business is fueled by the numerous benefits it brings. I get freedom and full control on how I use my time. I work when I want and most importantly, I can affect the amount of revenue generated by my activities.
You might think running a business is a walk in the park. While this is true during good economic times, tough times, however, can knock you off your feet making you feel like quitting. Change in technology can significantly reduce your sales which in turn leads to a reduction in profits. A sluggish economy can also negatively affect your business.
I cannot count how many times I have heard entrepreneurs tell me how great their business idea is, because “There is no competition”.
I used to think that the lack of competitors in any particular vertical was a good sign; You know, I would make a killing because “I would be the only one selling remote controlled trash cans in this town”. Chances are, your idea is not a particularly good fit in your market, hence the lack of competition.