The idea behind lean manufacturing, also called lean production, or just “lean“ is simple: Cut waste out of the manufacturing process while maximizing productivity. No matter what type of business you run, you can still […]

Spending money is a necessary part of building a business. Business owners can attribute many costs to producing or creating a product or service. These are known as direct costs. The expenses that are not […]

It’s no secret that small businesses play a vital role in the US economy. However, revenue for small businesses can be scarce. For instance, small businesses that do not have any employees average just $44,000 a […]

If you’re an entrepreneur or small business owner, you may not realize how unlikely a new product is to succeed. Clayton Christensen, a professor at Harvard Business School, says that of the roughly 30,000 new consumer […]

If you’re an artisan or maker, you might dream of hitting a home run with a large retailer or national big box store. Creating something worth buying is every entrepreneur’s first challenge. After that, most […]

Over a decade ago, Gallup discovered that the average small business owner works 52 hours a week. 39% put in over 60 hours. And 86% work on the weekends. Fast forward to today and those numbers have […]

Summer’s here! But that doesn’t mean the same thing when you’re running your small business as it did when you were in school, does it? As a small business owner, you don’t have the luxury […]

The definition of “invoice” according to the Merriam-Webster English dictionary is, “an itemized list of goods shipped usually specifying the price and the terms of sale.” As a self-employed freelancer or small business owner, knowing how to […]

Ready to take your business to the next level but aren’t sure how to do it? These startup founders were once in that same spot, but all of them went on to build bigger, better […]