Ben Franklin aptly stated in a 1789 letter to Jean-Baptiste Leroy: “In this world, nothing can be said to be certain, except death and taxes.” This truth holds particularly true when it comes to a successful side hustle. A profitable…
A recent headline in the “New York Times” emphasized the rebounding of manufacturing in the US creating a scarcity in the labor market. As more fully explained in the IRS portal “Businesses hanging up their Help Wanted signs should be…
Yes, the mission and vision statement of your organization is important. It will inspire your employees and express your values to your customers. It serves as a guide and a source of inspiration for the organization’s actions and decisions. The mission…
Measuring the business potential of your idea involves evaluating several key factors such as market size, target audience, competition, and the potential for growth and profitability. Here are some steps you can follow to measure the business potential of your…
Remember, a good business idea is not just about solving a problem, it’s about providing a solution that people are willing to pay for and that you can scale and grow over time. The decision to start a business is…
Profit and growth are both important goals for a business, but they are not the same thing. Profit refers to the amount of money a business earns after deducting all expenses. Growth, on the other hand, refers to the increase…