As your business thrives in its unique niche, new opportunities naturally become available to you. You may discover that your target audience has a demand for a new product or service that you could put on offer. By reinvesting the revenue earned through your successful ventures thus far, you can expand your business [...]
Image via Pexels To get a business up and running, taking on debt is often necessary. However, statistics show that about half of new businesses fail within the first five years because of financial troubles, such as excess debt, poorly managed credit, and low working capital. Profitable businesses need to be able to [...]
Photo via Pexels A growing number of female entrepreneurs are attracted to the idea of running an ecommerce business. If that’s you: it doesn’t cost a lot to get started, you can do it on your own, and you even can operate entirely from your own home. Not only that, but the future [...]
Preparation is Essential According to the Bureau of Labor Statistics, around 70% of businesses survive two years, and more than half fail after five years in business. Unfortunately, there's no guarantee you'll succeed, no matter your industry. However, if you're in research and development or intellectual property management, your chances of success are [...]
As a small business owner, you already know that you can’t run things entirely by yourself. Just as you have an expertise, so too do consultants. If you’re racking your brain trying to decide where you can use a helping hand, today’s Business Innovation Management blog offers insight all along your innovation and [...]
The COVID-19 pandemic has been hard on all types of businesses around the world. However, if your company has made it this far, then you can begin to make changes now that will better position you for long-term growth and success. From upgrading your website to modifying your physical store, check out these [...]
Laying a Strong Foundation The prospect of launching a new business is exciting, there is no doubt about that. However, don’t get ahead of yourself. Take the time to envision your goals. Write these down so that you can better give yourself instructions on how you plan to reach them. A few tips [...]
In the past, being a stay-at-home mom and a business owner might have sounded too good to be true. However, with the rise of the digital age, it's become a reality for many parents. If you have an idea, all you need is a plan to get started. First, these tips will help [...]
When a company’s IP culture varies across a company’s business units and IP functional groups inefficiencies develop. This was highlighted during a recent webinar with many prominent companies IP organizations represented. The simple answer of having “a single organization responsible for making sure everything is uniform” was appropriately shouted down by noting in [...]
The news of a Union being formed at Google highlights the importance of congruent Company Vision, Mission and Values. Although formation of a Union will not likely have a material effect on Google’s top management’s incongruent behavior, the Union’s formation does indicate that senior individuals are deviating from the basic “tacit” governing principles [...]
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