Category: Business
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6 Biggest Challenges for Businesses Going Online
Introduction Starting an online business can feel like putting together IKEA furniture without the manual. It’s easy to encounter obstacles, feel overwhelmed, and end up with a few extra screws. By 2023, e-commerce is projected to make up 20.8% of global retail sales & and the fact that Over 33% of American small businesses do…
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Introducing the Business Model Canvas with Examples in 2023
What is the Business Model Canvas? The Business Model Canvas (BMC) is a widely used tool developed by Alexander Osterwalder and Yves Pigneur to help organizations map out their business strategies. Consisting of nine building blocks, the BMC provides a visual framework for exploring and articulating new or existing business models, broken down into value…
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Conquer Small Business Challenges: Your Action Guide to Success 2023
Introduction Small businesses come in forms, from corner stores to start-up tech companies. But no matter the industry or size, small businesses are essential for economies on both a local and global level. They create jobs, drive innovation, and foster competition that drives prices down for customers, however they come with business challenges, but small…
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Pros and Cons of Taking Your Business Online
Introduction Operating an internet company requires a unique set of skills. Though the fundamentals are similar to running a conventional brick-and-mortar company, there are amazing benefits and drawbacks. Therefore, it’s critical to know when to use the former and manage the latter if you want success. According to one estimate, approximately 110,000 e-commerce and internet…