Entrepreneurship - Converge

3 Tips for Preventing Crises from Ruining Your Business

January 24, 2019January 27, 2019 ConvergeTeam

For the entrepreneurial small business owner, the name of the game is “play to win”, and the stakes are high. On the one hand, you could “win” a life of affluence, freedom from bosses and other people’s schedules and policies, and the ability to structure your own life as you see fit. On the other hand, you could lose everything — including all of your own personal savings — and find yourself filing for bankruptcy. Now, most small business owners aren’t likely to lose absolutely everything, or gain the entire…

What Can Help You To Grow?

January 23, 2019January 27, 2019 ConvergeTeam

In business, you’re always going to want to be growing. It’s just the way things go. Because if you’re not growing, then you’re stagnating. And that’s definitely not fun for anyone. When you first start out, you’re always going to want to make sure that you’re on track. That you’re able to do things to the best of your abilities. That you can get to where you want to be. Because we all have visions and goals. That’s why we start businesses. To make a difference, to change things, to…

What Should The Next Step Be For Your Business?

January 22, 2019January 27, 2019 ConvergeTeam

When you started your business all those years ago, you had visions of where you might end up in the future. You could have owned a huge, recognizable chain one day or you could be living a simple life with a small and thriving business. Every entrepreneur is completely different so it is important to take every decision as it comes. You might want to see your business grow even further or you might be ready to retire from a certain industry and move onto something different. If you’re at…

Manufacturing: The Hottest Startup Of The 21st-Century

January 22, 2019January 27, 2019 ConvergeTeam

Wait a minute – manufacturing is dead. Long live the era of tech startups and internet-connected companies with seamless app integration. Yes, the rise of countries such as China and India and the cheap labor they provide means traditional manufacturing isn’t as popular. An iPhone would cost in the range of $30,000 to $100,000 if it were developed in the US. With that figure, it’s hard to see manufacturing as a viable option. It’s too expensive and there aren’t enough opportunities for growth. However, there is still a lane of…

The Human Touch Is What Makes A Hospitality Business Great

January 21, 2019January 27, 2019 ConvergeTeam

The hospitality industry is about a lot more than providing a well-kept room and a comfy bed to sleep in. It’s all in the name: it’s about hospitality. That’s not a word associated with a tangible service, but the feeling you put into it. That term is used because that’s what really matters the most. Without that human touch and the emotional value that it has for the guests, hotels, B&Bs, and short-term rentals can have a tough time retaining customers. Here’s how you make sure your hospitality business operates…

What Does It Take To Start A Business In The Oil Industry?

January 19, 2019January 27, 2019 ConvergeTeam

Those of you that are heavily involved in the business and trading worlds will know that oil is incredibly significant. Many experienced business heads are always concerned with the price of it as it makes a lot of big things happen. Oil prices can affect the price of petrol and other fuel sources, which in turn affect peoples lives and businesses. There’s even an old saying that says countries rise and fall based on oil prices. With all this being said, can you start a business in the oil industry?…

Bringing Your Products to Life for the Consumer Market

January 16, 2019January 27, 2019 ConvergeTeam

Whatever type of small business you decide to run, you’re likely to have to provide the consumer market with something in exchange for their money. So, how do you bring whatever products you’ve decided to specialise in to life? Here’s everything you need to know on the topic! Creating a Prototype A prototype is a mockup or an example of the product you are going to create. Creating one helps to assure you that your final product is exactly what you want it to be before moving forward. If the…

The Best Ways To Make Sure They Always Pay

January 15, 2019January 15, 2019 ConvergeTeam

In business, one in ten invoices are paid either late or not at all. That costs small and medium businesses around $3 trillion. That’s no small amount, and it leaves nearly 30% of companies in some debt. In some cases, an excess of unpaid invoices can be enough to shut a company down for good. That’s because a lack of payment here doesn’t simply mean that you don’t receive any return from a job. It also means you waste money on supplies and wages which you never make back.…

3 Things That Separate Average and the Great Entrepreneurs

January 14, 2019January 15, 2019 ConvergeTeam

3 Things That Separate Average and the Great Entreprenuers | Entrepreneurship | Converge

Anyone can be an entrepreneur. It’s fairly easy to get started, you just need an idea and enough determination to make it happen. But not just anyone can be a good entrepreneur. While anyone can start a company, keeping it running, making profit and addressing the changing needs of your market is a completely different thing. Not only will you need to be able to manage a business, but you will need to be able to identify the people who will bring the most to your company. So what would…

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