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Recently on an episode of Shark Tank, four different start-ups were looking for investors and cash. One business made socks that do not easily fall off of children, and another company developed a high-quality charging pad. There was a business that made jewelry out of loved ones or even pets that passed away and another business that sold polo shirts that didn’t wrinkle, fade, or stain. Will all these businesses succeed? They all seemed like good ideas, but statistically, seven out to 10 businesses fail in 10 years. I found a site that listed 10 ‘Shark Tank’ failures. These failures ranged from legal issues, working relationship challenges with investors, and cash flow challenges. -
The Last Decade Before discussing predictions for the next ten years, think back over the last ten years. What has changed in business? How has it affected how you work and stay competitive? -
As we near the end of another year, I thought it would be good to give out a list of the top 10 financially-related things to do at year-end for a small business. Don’t be too stressed if you don’t do all of this in December. You can always start doing them in the new year. Just pick one thing to do and start small. I am going to do numbers 6-10 in this article, and the final 5 next time. -
Recently my family went to see Frozen 2. There was a part in the movie where Anna and Olaf were stuck in a cave with no way out. Of course, for a Disney movie, this is an opportunity to break out into song. The premise of the song was when you don’t know what to do, you just do “The Next Right Thing”. This is great advice for many decisions, but I thought it was quite applicable to small businesses. -
By Shane Bender -
By Shane Bender -
5 Reasons People Give Up and How to StopI remember when I was in high school, my dad told me of a speech by Winston Churchhill, where he came back to speak at the school he almost flunked out. In the middle of the address, he had a very memorable sentence. -
By: Shane Bender -
“This too shall blog.” Jon Acuff