The entrepreneurial spirit is strong with a lot of people, but starting a business can be a long and arduous process. However, with the right business idea, you could lay the groundwork and get your first gig in a matter of hours. Here are some easy-to-start businesses that can help get your entrepreneurial feet off the ground right away.
With an estimated 100 million new businesses launched globally each year, the chances of coming up with an entirely unique business idea literally become slimmer by the second. However, even if a similar product or service, you can still offer a unique experience that gives you an edge over your competitors. Today's challenges have forced businesses big and small to pivot and appeal to the new needs of their customers. Businesses that fail to clearly demonstrate value to their target consumers are destined to have short shelf lives. And in the economic downturn, reduced spending power means a business idea that might have worked a year ago may be less successful, or vice versa. Rich Vogel, founding partner and CFO of Loeb.nyc believes aspiring founders need to find a balance between catering to consumers during the crisis and making sure their product will still be valuable five years from now. “New entrepreneurs should think about whether they are just starting a business for the problems of today, or whether the product will extend beyond the crisis. They have to understand the long term potential of their business.”
If you’ve transitioned your team to working remotely in the past few months, chances are you’ve spent a fair amount of time trying to perfectly replicate the office experience at home—and that’s a big mistake. The real reason remote workers are more productive than their in-office counterparts is because their companies have let go of old ways of thinking about communication, collaboration and completion of tasks. Instead they employ what Molood Ceccarelli calls a “Remote-First Approach” to setting their employees up outside of the office. Ceccarelli is a remote work expert and agile coach. She is the founder of Remote Forever, a company dedicated to helping businesses maximize their remote working capabilities by creating business agility. Avoid these remote missteps and you’ll see the benefits in your bottom line.
Elon Musk reportedly sent Tesla employees a memo, pledging a big push towards productivity as it gets production of its Model 3 car back on track. To that end, Musk apparently gave employees some of his personal productivity tricks — including a call for common sense, and his blessing to walk out of a meeting if it's not valuable.
Amid new claims that lots of coffee is good for your health, we look at the pros and cons of your caffeine habit