The modern era could be called the digital age, at least as far as doing business is concerned. Most, if not all, of your clients and customers use the Internet, and all of your competitors are using advertising to target those clients. Make sure your business is innovating and keeping up with the [...]

We tend to think of the only useful data as the “big data” that are acquired, saved, and analyzed by massive organizations, search engines, and corporate entities. As entrepreneurs, we have to stop looking at data this way, and we must learn to use the information available to us to best run our [...]

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 [...]

For a long time, the ability to work from home was reserved for the lucky and privileged few, those who had supportive employers or who found a way to do it on their own. However, the 2020 COVID-19 pandemic has completely changed this. At first, companies were required to have their employees work [...]