Being a business owner is a dynamic and demanding role that requires adaptability as well as continuous growth. Here, Young Entrepreneur Council members share the skills every business owner should aim to cultivate this year to be a more effective leader and why these skills are key for the success and longevity of their companies. […]
If you run a small business, you know that the only constant is change. I’ve built companies in everything from sign repair to fintech, and I’ve seen firsthand how technology can either be a lifeline or a death sentence for small business owners. Today, artificial intelligence is the latest in a long line of breakthroughs—right […]
Small business leadership involves guiding a team, making strategic decisions, and fostering a positive work environment. Effective leaders in small businesses inspire and motivate their teams, communicate a clear vision, and adapt to changing circumstances. They also need to be able to delegate effectively, provide constructive feedback, and build strong relationships with employees and customers. […]
Starting a small business is an exciting journey that requires careful planning and execution. While it can seem daunting, breaking it down into manageable steps makes the process much clearer. Here’s a comprehensive guide on how to start a small business: 1. Refine Your Business Idea and Conduct Market Research: Identify a Need: What problem […]
Commercial lenders and B2B credit officers already understand why small businesses are a big deal — a very big deal. Sizing the opportunity is difficult, but the U.S. market alone is estimated to represent around $1.4 trillion in potential financing. Third-party commercial data can help B2B creditors and business lenders tap into this tremendous market […]
When it comes to starting a new business, capital from friends and family can be a tempting source of initial funding. Like any source of capital, getting funding or taking on investments from those close to you has upsides and downsides. Potential Advantages of Financing a Business Through Friends and Family Assuming that your relationships are strong, […]
Joining a minority business directory like LBMBD.COM can significantly benefit your business by increasing visibility, providing access to a broader network of potential clients and partners, and potentially leading to new contract opportunities.
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