WELCOME TO The smallbusiness REPORT
Co-innovation and the ABB Drives experience
| June 25, 2018
Small businesses are the engine of our economy. In the U.S. alone, there are 5.7 million of them employing 20 or fewer workers. Yet, a great many of these small businesses are overwhelmed by time and money constraints.
Article | July 8, 2021
How to Become an Entrepreneur in 2021
Author: Deborah Sweeney | July 8, 2021
How, exactly, does someone become an entrepreneur?
Some individuals instinctively know that they want their careers to follow an entrepreneurial path. They may go to school for an MBA or find that they have a knack for starting businesses as early in life as a childhood lemonade stand. Others find opportunities in entrepreneurship out of necessity. During lockdown amid the COVID-19 pandemic, many individuals started small businesses. This allowed them to pursue their passions and earn a profit.
Article | April 3, 2020
The spread of the coronavirus (COVID-19) is developing rapidly, leaving many small business owners uncertain about their future. Those we’ve spoken with expect the coronavirus to have a significant impact on their revenue. Unfortunately, it seems these concerns are justified, but there are some actions you can take to protect your small business while at the same time, protecting yourself, your employees, and your customers. In this article, I’ll lay out what we know about how coronavirus is impacting small businesses, how you can minimize losses, and some steps you can take to protect your business. These suggestions are by no means exhaustive, as there is much we still don’t know about how this situation will play out. But we hope they will be a good starting point for business owners who are overwhelmed and unsure of what actions to take.
Article | March 18, 2020
When it comes to digital marketing for businesses, as the saying goes: content is king. Content marketing, that is. That's why a whopping 70% of marketers are currently investing in content strategies, and 72% cite having a good content strategy as a major key to their success. For small businesses, content marketing is arguably even more vital. That's because smaller companies often don't have the marketing resources that larger firms do, and content marketing delivers some of the highest overall ROI for every marketing dollar spent. It's also a long-term strategy that can continue to pay dividends for a long time after it's put into effect.
Article | July 2, 2021
Are you wondering how to save money and keep your business as profitable as possible? You’re not alone, especially after the curveball we faced in 2020. Where should you start? While there are a variety of ways to cut expenses, you’ll need to find the right places to make cuts for your unique business. Here’s a guide to help you learn more about your options and how to get started.
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