Here are 15 Things All Entrepreneurs Must Know About Starting a Business: 1. 100% of businesses fail within 10 years The good news is that only about 30% of small businesses survive past their first year, while more than 50% make it to three years. This drops off significantly after that though, with just 2 in 5 making it to 7 years and 1 in 6 reaching 10. So yes your chances … [Read more...] about 15 Things All Entrepreneurs Must Know About Starting a Business by Paul Haarman
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How Your Auto Mechanic Business Can Thrive In Tougher Times
Across the vast road network of Australia, where just 25 million people share a country about the size of the United States of America, no Aussie business or family can get by without a vehicle. It's why our automotive repair and servicing industry alone has swelled to almost $40 billion of the entire Australian economy, employing almost 400,000 citizens and supporting … [Read more...] about How Your Auto Mechanic Business Can Thrive In Tougher Times
Do Small Businesses Need to Worry About Ransomware?
Ransomware attacks have been making the rounds and making the news a lot recently. While ransomware isn’t anything new, a lot of high-profile cases have caused many to reevaluate their potential vulnerability to such threats. However, many small businesses may still assume that they’re under no particular threat from ransomware. After all, if hacker groups can hold the … [Read more...] about Do Small Businesses Need to Worry About Ransomware?
Top Five Reasons for the importance of organisational culture
What's the significance of an organization's culture, you ask? Everything your company does, from its employees' productivity to its public image, is influenced by its culture. There are five reasons why your company needs to do some soul-searching in this post. In what ways does your company's culture matter more than that of another? It turns out that a lot is at … [Read more...] about Top Five Reasons for the importance of organisational culture
Why Your Sales Team Needs Artificial Intelligence
Your sales team needs artificial intelligence (AI) to stay ahead in the game. AI allows your sales reps to be more productive and efficient, by taking over parts of their job that humans are not good at. It also gives them access to information they need to make better decisions faster. You don't even need an AI expert on your team; most companies use AI-powered sales tools … [Read more...] about Why Your Sales Team Needs Artificial Intelligence