All Things Business and Tech

Image credit: Pixabay Some startups start small and rapidly expand, eventually going public. Other business owners prefer to keep things small. While both large and small organizations each have their own distinct benefits and drawbacks, small businesses, because of their size, often have unique opportunities large companies do not necessarily have the luxury of enjoying.  

Internal fraud is a big business problem. According to research published by the Association of Certified Fraud Examiners (ACFE), about 5 percent of revenue is lost each year to fraud (on average, an organization loses $140,000 a year). Looking at it from a global perspective, it is projected organizations could collectively lose $3.5 trillion due to fraudulent activity.

Adding a new location to expand your business is a great opportunity that could prove beneficial on many levels. You can grow your brand, publicize your name to a broader area and, since the ultimate goal is profitability, increase your current revenue.

Opening a brand new business is an exciting time for hopeful entrepreneurs. There are many rewarding benefits that come with owning one's own business. While the benefits can be tremendous over time, new business owners should keep in mind that reaching these rewards does take a lot of work prior to opening up shop.

Image credit: Pixabay Small and home businesses don't typically have large marketing and advertising budgets available at their disposal. As a result, the smaller companies have to come up with creative and inexpensive ways to increase visibility.

Image credit: Pixabay Small business failure can be attributed to many causes and it is difficult to narrow it down to just one reason why a company would fail. However, if the reason had to be narrowed down to just one, it would probably be due to a lack of planning.

Image credit: Pixabay Marketing is an essential part of running a business and, for the small business, weak marketing can help contribute failure .