Blockchain, a popular term among current businesses, has shown an increase of 250% in Google searches in the last one year. The US Government had a discussion on its most popular application of cryptocurrency recently. Several companies have shown interest in it and have listed it against their company’s name. The electronics giant, Samsung, from South Korea, has again taken the limelight on June 20th, 2018 by announcing in a press release, the implementation of blockchain for logistics management. Samsung SDS is the IT subsidiary of Samsung whose brainchild is…
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How to Choose a Growth Strategy for Your Small Business
The history of small businesses that grew into giant enterprises is well-documented. Here are a few examples to consider: in 1977, Anita Roddick took a GBP 6,800 bank loan and began selling skincare products made by her and her daughters at home using natural ingredients. This was her first “The Body Shop” store. Today, The Body Shop has stores all over the world, and its popular products are all the rage among women across different age groups. Twelve years before Roddick started her enterprise, in 1965, Fred DeLuca opened “Pete’s…
How do You Overcome the Challenges in the Growth of Your Business?
Swift year-over-year growth is every entrepreneur’s dream. Ideas into plans, plans into products and products into the market; you dream big every single day. But, let’s be realistic here. Most of the time, the growth of business comes with strategic challenges. Some entrepreneurs struggle with meeting the obstacles in the growth of their businesses. You may have to cut some slack, because some of these challenges are so daunting that they can push a company off the rails. Let’s look at some solutions to these challenges, because after all, the…