Entrepreneurs often spend hundreds, if not thousands, of hours thinking about and planning for a new business. If they are wise, they also go through the formal exercise of developing a business plan, which can produce several important benefits: 1. A business plan will be an essential part of any request for financing. A well-prepared … Continue reading “Developing a Business Plan”
Going into business for yourself can be daunting. Many entrepreneurs have succeeded, but many have also failed. Before launching a business, ask yourself these questions: Do you have the psychological make-up to handle a start-up? The process of starting, building, growing and managing a business is hard and sometimes frightening work. Most successful entrepreneurs have … Continue reading “Questions to Ask Before Starting a Business”
In a poll done by the American Transportation Research Institute, nearly two-thirds of respondents said their chief concern of all the issues facing the trucking profession is the fallout from electronic logging devices.
Hundreds of new businesses are started every day, but only about half survive five years or longer.1 Some fail because the original business concept was ill conceived and others fail because of external factors such as a deteriorating economy. However, most businesses fail due to decisions the owner makes. Here are some common pitfalls you should … Continue reading “Avoiding Common Small Business Start-Up Problems”
Truckers spent approximately $1.59 per mile last year, according to recent data crunched by the American Transportation Research Institute. That’s down 6 percent from 2014.
The idea that the internet could connect any device with an on/off switch to people and other devices, often without human intervention, must have seemed like science fiction at the end of the 20th century when the term “internet of things” (IoT) was first coined. The IoT transformation is happening so quickly that companies are … Continue reading “Incorporating the Internet of Things into Business Strategy”
The tidal wave of big data is making its way into healthcare. Medical practitioners, researchers and hospital executives are tantalized by the prospect of integrating huge amounts of patient information from disparate sources to develop diagnostic profiles, direct treatment and proactive therapies, and improve follow-up care. Healthcare administrators are beginning to realize big data’s potential … Continue reading “Big Data Is Coming to Healthcare”
According to the most recent employment report released by ADP, small-business owners added approximately 63,000 new jobs to their payrolls in August, up from 61,000 in July.
There’s no shortage of indicators that describe how the economy is performing, but some of the most telling signs are business creation and hiring.
Cash registers are the common link between the nation’s largest occupations.