The annual Chamber State of American Business Address was made Wednesday, January 11, and Chamber President Thomas Donahue focused on, among other things, economic growth. With the incoming administration in Washington, Donohue stressed the importance of transforming America from a low-growth economy to a high-growth economy.
You have a great idea for a business, and you’re ready to get it off the ground. Step one? Many people think it’s to sit down and write a business plan. That may be good advice in many cases, but when you're dealing with new business products or concepts, it may be more beneficial to iron out your business model first.
Here's an important stat that wasn't in the news: a staggering 50% of Amazon's units sold come from third-party sellers. These 2 million-plus merchants are key to the company's success, as they facilitate an unmatched selection of goods at competitive prices.
There are countless reasons for businesses to sell their product through online marketplaces, but here's the most important one: when shoppers want to buy something online, they increasingly start their searches with Amazon instead of Google. If you're counting on customers finding your product through search, then you're not maximizing your brand exposure.
Americans may be divided politically, but they remain more united than ever in support of e-commerce. U.S. consumers will spend an estimated $394 billion on online sales in 2016, according to research and advisory firm Forrester Research.
Welcome back to our Small Business Spotlight series, where we profile innovative small businesses and startups across the country and identify lessons from their operations, strategies, and growth.
Our newest profile takes a look at Fundbox, a San Francisco-based alternative financing startup that leverages deep data analytics to accelerate cash flow and clear invoices for small businesses. Fundbox allows owners to get advances instantly and securely in the exact amount of each invoice, instead of waiting the normal 30, 60, or 90 days to get paid.
Our newest profile takes a look at Social Ice Incorporated, a North Texas-based company which creates wine-infused popsicles. Social Ice is the brainchild of Michael Seyfried, a former futures trader who left the world of finance to pursue his vision of icy alcoholic treats. Mike debuted the popsicles in 2011 at the Texas State Fair and was so overwhelmed by the response that he knew he had a winning product on his hands.
I recently had the opportunity to promote an exceptional member of our team that I have no doubt is going places. I followed up his promotion with some recommendations based on my own experiences over the years. With that in mind, I'm sharing with you as well.