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There are many things an entrepreneur needs to make their small business successful. In this era, everything from a solid business plan to an online presence is crucial. If you want to build a solid foundation for your small business, here are the things you need to have in your toolbox.
Businesses accept credit cards without a second thought, and consumers enjoy their convenience as they have for decades. But the technology is changing. Innovative minds have been hard at work breathing life into the next generation of payment solutions - your credit card is getting a facelift!
Even though nearly half of Americans are smartphone users, the United States hasn't embraced mobile payments as eagerly as other countries. There are many myths surrounding the idea of mobile payments that have likely contributed to this slow adoption.
Each year, more small business owners are taking advantage of the ability to save time by working on the go. 85% of small businesses use smartphones for their operations, according to the 2012 AT&T Small Business Tech Poll - this is up from 80% in 2011 and more than twice as many in 2007.
It's no surprise that small business owners always have a lot on their minds - but what are they thinking about? Concerns about the future of their business and their country add stress, but for the most part, entrepreneurs remain confident about the present and optimistic about the future.
A lot has changed since the Great Recession of the late 2000s. The effects of the recession vary for individual small businesses, but some industries have weathered the downturn surprisingly better than others. For those thinking about starting their own business, here's a look at what's "IN" and what's "OUT".
Americans with an entrepreneurial drive often have to consider what would be best for them: being a part of an established network or starting from scratch. One gives the entrepreneur a chance to be part of a community network and the other allows the entrepreneur to control every aspect of the business.
Just a few centuries ago, mankind paid and bartered goods with slabs of meat and baskets of berries. In the digital age, we now have the convenience of virtual payments and a plethora of mobile payment options that allow us the freedom to pay for goods almost anywhere.
By 2014, Millennials, those born in the '80s and '90s, will make up 36% of the American workforce, but 90% of them do not plan to stay at any given job for more than three years. As a whole, Gen-Yers are optimistic about their workplace futures.
There are 165 million early stage entrepreneurs, age 18 to 25, according to The Global Entrepreneurship Monitor Report. Considering that the highest percentage is in the United States, it should come up as no surprise that colleges are starting to pay attention.
Inspired by supper clubs, the pop-up restaurant trend started in the mid-2000s as "happenings" in London. A cheaper investment upfront coupled with the opportunity for constant reinvention and chance-taking make pop-up restaurants ideal for restaurant financiers and chefs looking for a new investment.