I believe many people put way too much stock in the startup idea. Doing the business, doing the work, getting things done, and execution are all more important. Obviously a bad idea can make a business unsuccessful, but a good idea is no guarantee. And very few successful businesses are based on being the first […]
Infographics
Is the Gig Economy Doomed?
As the traditional workforce has deemed itself immortal, can the gig economy measure up? The gig economy sparked following the Great Recession of 2008 as the demand for temporary and quick-starting jobs increased. In the decade since, however, the gig economy as expanded at an exponential rate. There are as many as 75 million American […]
The Future of the Hemp Business
The 2018 Farm Bill legalized American production of industrial hemp, a non-psychoactive strain of cannabis sativa containing less than 0.3% THC. As hemp’s popularity increases, more than 1 in 4 Americans have consumed CBD to relieve pain, stress, and anxiety. Subsequently, the Cannabidiol industry is determined to hit $20 billion by 2024. The hemp market […]
Opioids and the American Workplace
Opioids are a growing concern in the U.S.—2 in 3 HR professionals say their workplace has been or will be impacted by prescription drug abuse. The opioid crisis has reached, and passed, the point where employers and policymakers must take responsibility and involve themselves. Prescription drug abuse is a huge contributing factor in this epidemic, […]
Become a Pet-Friendly Business
Pets have always been our best friends, but now more than ever they can also be our business partners. The power of pets in our economy is strong and taking advantage of opportunities in pet culture can help build business. In the U.S., more than two in three households has a pet. That’s nearly 393 […]
The Future of WiFi
In 1990, the World Wide Web created by Tim Berners-Lee became the beginning of the Internet as we know it today. Popularized among the public, the system of accessing information and data online through websites and hyperlinks changed the way we communicate and share with one another—and it was a long time coming. Though we […]
What Goes Up in a Down Economy?
When any economic bubble bursts, a recession is likely to follow. Economists have been monitoring economic factors and signaling a coming recession, and potential bubbles that will drive it include the student loan bubble and the resurged subprime lending bubble. Yet while some industries suffer or even collapse during economic downturns, others survive and even […]
Does Bad Delivery Drive the Customer Away?
Can a bad delivery really drive customers away? Many customers say they would switch suppliers and even expect a full refund in the event of a delayed or bad delivery. Customers are used to free shipping at lightning speed, but that model may not be sustainable for eCommerce businesses. It’s extremely costly, but customers have […]
The Cost of Counterfeit Products
Counterfeits can hurt your business even if you don’t know they’re out there. A shocking two in five name brand products sold online turns out to be counterfeit, and many counterfeits are so convincing consumers don’t know they aren’t real until they have been injured or the product malfunctions. Small businesses especially can be hurt […]
The Business of Dogs
On average, American pet parents spend almost $1,300 per year on their fur babies. In 2018 that added up to $72 billion which is more than the GDP of 39 countries combined. With our pets in the forefront of our lives, it’s no wonder business is booming—but when money is tight, how are we managing […]
