Following Pandemic, “Starting a Business” Now on More Bucket Lists

starting-a-new-business-1.png

The Covid-19 pandemic has changed many aspects of work and life, including giving people the impetus to start their own business.

Fenetic Wellbeing, suppliers of mobility aids to support independent living, conducted research into what’s on people’s bucket lists post pandemic.

The study involved the collection of more than 100 bucket list ideas and the comparison of bucket list search terms made online from March 2020 to March 2021. The objective of the research was to see what has changed in relation to people’s bucket lists in the wake of the pandemic.

Starting a Business on More Bucket Lists

A key finding is that more people want to start their own business. The search volume for ‘start a business’ increased by 50% from March 2020 to March 2021.

Out of the top ten things to do before you die search term on Google, start a business came in third place. The two ‘things to do before you die’ ahead of start a business was to ‘lose weight’ and ‘visit the Great Wall of China.’

Over the 12-month period from March 2020 to March 2021, the search term ‘invest in a company’ increased by 21%.

The findings of Fenetic Wellbeing’s research show how significantly the pandemic has changed people’s attitudes to money and starting and running their own business.

As Fenetic Wellbeing notes in its report on the changing face of bucket lists post pandemic: “We found more people are adding money-related goals to their bucket list. During Covid-19, many people have lost their jobs, been put on furlough, or it has simply made them rethink their career aspirations and financial situation.”

Pandemic Has Motivated Entrepreneurs

Fenetic Wellbeing’s research follows earlier studies which also demonstrate how the 2020 health crisis has motivated a new breed of entrepreneurs. A study by Azlo, a banking platform for small business owners, freelancers and entrepreneurs, found that 96% of new entrepreneurs say the pandemic is motivating them to start their own business.

As well as starting a business and investing in a company rating high in search terms related to bucket lists, retiring early has proven a popular search term since the coronavirus pandemic surfaced.

Improving credit scores and opening a saving account were among in the top ten search terms for top things to do before you die.

Research like that carried out by Fenetic Wellbeing confirms how the Covid-19 pandemic caused has led to many revaluating their lives and work.

For bold and agile entrepreneurs with an appetite to become their own boss, now could be the perfect time to take their venture by the horns and start the business they have always dreamt of.

Image: Depositphotos

This article, "Following Pandemic, “Starting a Business” Now on More Bucket Lists" was first published on Small Business Trends



RSS Business Feeds

Following Pandemic, “Starting a Business” Now on More Bucket Lists

starting-a-new-business-1.png

The Covid-19 pandemic has changed many aspects of work and life, including giving people the impetus to start their own business.

Fenetic Wellbeing, suppliers of mobility aids to support independent living, conducted research into what’s on people’s bucket lists post pandemic.

The study involved the collection of more than 100 bucket list ideas and the comparison of bucket list search terms made online from March 2020 to March 2021. The objective of the research was to see what has changed in relation to people’s bucket lists in the wake of the pandemic.

Starting a Business on More Bucket Lists

A key finding is that more people want to start their own business. The search volume for ‘start a business’ increased by 50% from March 2020 to March 2021.

Out of the top ten things to do before you die search term on Google, start a business came in third place. The two ‘things to do before you die’ ahead of start a business was to ‘lose weight’ and ‘visit the Great Wall of China.’

Over the 12-month period from March 2020 to March 2021, the search term ‘invest in a company’ increased by 21%.

The findings of Fenetic Wellbeing’s research show how significantly the pandemic has changed people’s attitudes to money and starting and running their own business.

As Fenetic Wellbeing notes in its report on the changing face of bucket lists post pandemic: “We found more people are adding money-related goals to their bucket list. During Covid-19, many people have lost their jobs, been put on furlough, or it has simply made them rethink their career aspirations and financial situation.”

Pandemic Has Motivated Entrepreneurs

Fenetic Wellbeing’s research follows earlier studies which also demonstrate how the 2020 health crisis has motivated a new breed of entrepreneurs. A study by Azlo, a banking platform for small business owners, freelancers and entrepreneurs, found that 96% of new entrepreneurs say the pandemic is motivating them to start their own business.

As well as starting a business and investing in a company rating high in search terms related to bucket lists, retiring early has proven a popular search term since the coronavirus pandemic surfaced.

Improving credit scores and opening a saving account were among in the top ten search terms for top things to do before you die.

Research like that carried out by Fenetic Wellbeing confirms how the Covid-19 pandemic caused has led to many revaluating their lives and work.

For bold and agile entrepreneurs with an appetite to become their own boss, now could be the perfect time to take their venture by the horns and start the business they have always dreamt of.

Image: Depositphotos

This article, "Following Pandemic, “Starting a Business” Now on More Bucket Lists" was first published on Small Business Trends



via Small Business Trends Business Feeds

How a Tweet from Oprah Created $1M in Orders

pedicure-business.png

Can you actually build a company based on a recommendation from Oprah Winfrey? Well, yes you can!

On The Small Business Radio Show this week, Gloria L. Williams at Footnanny reveals how her brand exploded after a tweet from Oprah. She has been her pedicurist for many years and has since appeared on Oprah’s favorite things for 7 years in a row.

Her mother was from Montgomery, Alabama, and always helped sick people by giving them a good old fashioned “Rub Down! Southern Hospitality Style”. Gloria says she paid close attention to mother who would take her along to help sick neighbors. She mimicked her technique; “My mother believed that certain foods, oils, and teas played a crucial role in the overall recovery of a person’s ailments. Mom would mix luxurious creams, ointments and oils, which we would then use to do the “Old Fashioned Rub Down” on those in need of a loving touch.”

Interview with Gloria Williams of Footnanny

As a professional, Gloria decided to create her own products with the right mix of cream and oil because she could not get the right “glide” on clients’ feet with what was being sold. Oprah had seen her product while she was servicing her feet with her signature pedicure and foot massage. Oprah loved it so much that she did a video tweet and introduced everyone to the product. Gloria explains that “it triggered 6,000 emails with so much support for the product.”

After the Oprah tweet, ramping up her production was a challenge since she had to go from a service-based business to a product one. As result of her success, people were trying to take advantage of her since she was building so fast. Gloria had to find a new chemist and a company that could do larger runs. She explains that “the demand was so overwhelming that I had to search immediately for better distribution”. During COVID, she had to expand to three warehouses. Since so many women were buying the product for men, Gloria also started a Men’s product line. As Gloria explains, “it’s the same product, it just says ‘men’ on the label”.

Listen to Gloria’s entire inspiration story on The Small Business Radio Show.

Image: Depositphotos

This article, "How a Tweet from Oprah Created $1M in Orders" was first published on Small Business Trends



RSS Business Feeds

How a Tweet from Oprah Created $1M in Orders

pedicure-business.png

Can you actually build a company based on a recommendation from Oprah Winfrey? Well, yes you can!

On The Small Business Radio Show this week, Gloria L. Williams at Footnanny reveals how her brand exploded after a tweet from Oprah. She has been her pedicurist for many years and has since appeared on Oprah’s favorite things for 7 years in a row.

Her mother was from Montgomery, Alabama, and always helped sick people by giving them a good old fashioned “Rub Down! Southern Hospitality Style”. Gloria says she paid close attention to mother who would take her along to help sick neighbors. She mimicked her technique; “My mother believed that certain foods, oils, and teas played a crucial role in the overall recovery of a person’s ailments. Mom would mix luxurious creams, ointments and oils, which we would then use to do the “Old Fashioned Rub Down” on those in need of a loving touch.”

Interview with Gloria Williams of Footnanny

As a professional, Gloria decided to create her own products with the right mix of cream and oil because she could not get the right “glide” on clients’ feet with what was being sold. Oprah had seen her product while she was servicing her feet with her signature pedicure and foot massage. Oprah loved it so much that she did a video tweet and introduced everyone to the product. Gloria explains that “it triggered 6,000 emails with so much support for the product.”

After the Oprah tweet, ramping up her production was a challenge since she had to go from a service-based business to a product one. As result of her success, people were trying to take advantage of her since she was building so fast. Gloria had to find a new chemist and a company that could do larger runs. She explains that “the demand was so overwhelming that I had to search immediately for better distribution”. During COVID, she had to expand to three warehouses. Since so many women were buying the product for men, Gloria also started a Men’s product line. As Gloria explains, “it’s the same product, it just says ‘men’ on the label”.

Listen to Gloria’s entire inspiration story on The Small Business Radio Show.

Image: Depositphotos

This article, "How a Tweet from Oprah Created $1M in Orders" was first published on Small Business Trends



via Small Business Trends Business Feeds

New Data Reveals the Best Dog Breeds for Remote Workers

Dog-Breeds-for-Remote-Workers.png

Remote work can be a lonely, unthankful task, leaving those working from home pining for company and affection. In walk a fluffy little Shih Tzus pup, hailed the best breed of dog for remote workers.

The purchasing of pets, dogs in particular, has skyrocketed during the Covid-19 pandemic. Dog shelters, rescue centers and breeders have reported increased demand as Americans attempt to fill the emptiness of lockdown with canine companions.

For those working in isolation from home, a dog can be the perfect way to stave off loneliness and assist with mental health and wellbeing.

A new study by Small Business Prices, providers of transparent pricing analysis designed to help small businesses, analysed 30 of the most popular dog breeds and the most suitable types of dogs for home working environments. It explored the cost to buy or adopt different breeds and how their popularity has changed during the pandemic.

Shih Tzus the Best Dog for Remote Workers

The study ranked the different breeds on various aspects including adaption to flat living, tolerance for being alone, trainability, energy levels, and exercise needs.

Being highly adaptive and with low energy levels meaning they won’t distract their owners, Shih Tzus were found to be the ultimate dog for remote working.

In second place was the Doberman Pinscher, which has a low tendency to bark, meaning important video calls won’t be interrupted by a noisy, attention-seeking dog!

Ranking in third position was the Havanese breed, which has a great tolerance for being alone and has a good trainability score, meaning work time won’t be devoted to training a disobedient dog.

Helping to Overcome the Challenges of Working from Home

Working from home comes with many benefits, such as a better life/work balance and improved productivity. However, it is not without its challenges. Studies show that having a dog around helps improve both physical and mental health. In the remote working era, having a furry friend can be the perfect excuse to take regular breaks walking the dog and generally fighting off feelings of loneliness.

That said, it is important to get the right dog so that your new companion doesn’t turn into a nightmare when you’re trying to get work done.

As the authors of the Small Business Prices note: “While getting a furry friend is particularly tempting during a lockdown, not all breeds are suitable for a remote working environment. If you’re looking to transition to a hybrid-working system as the UK comes out of lockdown, you’ll want to ensure your pup is also tolerant to being alone.”

How Covid-19 Impacted the Cost to Buy a Dog

Of course, the cost of a dog will play an influential role in how what type of breed of dog many homeworkers decide to buy.

According to Small Business Price’s research, as a result of the puppy boom during the pandemic, the cost to purchase a dog has increased by an average of 130%.

Shih Tzus Remains an Affordable Breed

As well as being the most suitable breed for homeworkers, Shih Tzus is one of the most affordable types of dog on the market. Other more affordable breeds include the Mastiff, Australian Shepherd, Beagle and Brittany.

The study also uncovered the most expensive breeds, with the Bulldog, Bernese Mountain Dog, Havanese, Great Dane and French Bulldog coming out as least affordable.

The study confirms the escalating popularity among remote workers to own a dog. It also shows the importance of researching different breeds to ensure your new furry friend ticks all the boxes in the suitability and affordability stakes.

Image: Depositphotos

This article, "New Data Reveals the Best Dog Breeds for Remote Workers" was first published on Small Business Trends



RSS Business Feeds

New Data Reveals the Best Dog Breeds for Remote Workers

Dog-Breeds-for-Remote-Workers.png

Remote work can be a lonely, unthankful task, leaving those working from home pining for company and affection. In walk a fluffy little Shih Tzus pup, hailed the best breed of dog for remote workers.

The purchasing of pets, dogs in particular, has skyrocketed during the Covid-19 pandemic. Dog shelters, rescue centers and breeders have reported increased demand as Americans attempt to fill the emptiness of lockdown with canine companions.

For those working in isolation from home, a dog can be the perfect way to stave off loneliness and assist with mental health and wellbeing.

A new study by Small Business Prices, providers of transparent pricing analysis designed to help small businesses, analysed 30 of the most popular dog breeds and the most suitable types of dogs for home working environments. It explored the cost to buy or adopt different breeds and how their popularity has changed during the pandemic.

Shih Tzus the Best Dog for Remote Workers

The study ranked the different breeds on various aspects including adaption to flat living, tolerance for being alone, trainability, energy levels, and exercise needs.

Being highly adaptive and with low energy levels meaning they won’t distract their owners, Shih Tzus were found to be the ultimate dog for remote working.

In second place was the Doberman Pinscher, which has a low tendency to bark, meaning important video calls won’t be interrupted by a noisy, attention-seeking dog!

Ranking in third position was the Havanese breed, which has a great tolerance for being alone and has a good trainability score, meaning work time won’t be devoted to training a disobedient dog.

Helping to Overcome the Challenges of Working from Home

Working from home comes with many benefits, such as a better life/work balance and improved productivity. However, it is not without its challenges. Studies show that having a dog around helps improve both physical and mental health. In the remote working era, having a furry friend can be the perfect excuse to take regular breaks walking the dog and generally fighting off feelings of loneliness.

That said, it is important to get the right dog so that your new companion doesn’t turn into a nightmare when you’re trying to get work done.

As the authors of the Small Business Prices note: “While getting a furry friend is particularly tempting during a lockdown, not all breeds are suitable for a remote working environment. If you’re looking to transition to a hybrid-working system as the UK comes out of lockdown, you’ll want to ensure your pup is also tolerant to being alone.”

How Covid-19 Impacted the Cost to Buy a Dog

Of course, the cost of a dog will play an influential role in how what type of breed of dog many homeworkers decide to buy.

According to Small Business Price’s research, as a result of the puppy boom during the pandemic, the cost to purchase a dog has increased by an average of 130%.

Shih Tzus Remains an Affordable Breed

As well as being the most suitable breed for homeworkers, Shih Tzus is one of the most affordable types of dog on the market. Other more affordable breeds include the Mastiff, Australian Shepherd, Beagle and Brittany.

The study also uncovered the most expensive breeds, with the Bulldog, Bernese Mountain Dog, Havanese, Great Dane and French Bulldog coming out as least affordable.

The study confirms the escalating popularity among remote workers to own a dog. It also shows the importance of researching different breeds to ensure your new furry friend ticks all the boxes in the suitability and affordability stakes.

Image: Depositphotos

This article, "New Data Reveals the Best Dog Breeds for Remote Workers" was first published on Small Business Trends



via Small Business Trends Business Feeds

58% Regret Making Purchases on Buy Now-Pay Later Terms

buy-now-ay-later-terms.png

When it comes to buy now-pay later, consumers seem to have a bit of a love/hate relationship with the deal.

Research shows that more than half of customers regret buying something on buy now-pay later terms. Yet at the same time, 60% of consumers admit to making purchases through this type of deal.

These statistics involving buy now-pay later deals are uncovered in a report by C + R Research, a market research company that delivers insights on consumer habits. In its ‘Buy Now, Pay Later Statistics and User Habits’ report, C + R Research surveyed 2,005 online consumers via Amazon’s Mechanical Turk survey platform. The survey was conducted in late-March and early-April 2021.

Buy Now-Pay Later on the Rise

51% of consumers surveyed say they have used a buy now, pay later service during the Covid-19 pandemic.

59% admit to having purchased an unnecessary item on these types of deals that they otherwise couldn’t afford.

The research looked at the items most commonly bought on buy now, pay later deals. It found that clothing and electronics are the most common types of products to be purchased in this way, with 47% of consumers buying clothing and 44% purchasing electronics respectively.

Small Business Retails Should Take Note

The survey provides valuable insight into the habits and demands of today’s consumers for small business retailers. For businesses considering offering this payment service, they should be mindful that customers can regret purchasing in this way, especially for ‘non-essential’ and expensive items.

On the other hand, a large majority are opting for buy now-pay later deals, so such services should not be overlooked by businesses.

Providing customers with the chance to purchase something and pay for it later can be an effective way for businesses to sell items, providing they are aware of the cost of the product so that customers are not cajoled into buying something they can’t really afford.

As C + R Research advises: “More than half (57%) of users say they have regretted making a purchase through Buy Now, Pay Later because the item was too expensive. Obviously, when consumers buy an item outside of their budget this can lead to missing payments; about half say they are currently behind on a payment, and almost the same proportion say they are likely to make a late payment within the next 12 months.”

Credit Cards vs Buy Now-Pay Later

The survey also explores the future of these types of payments. According to the survey, 38% of users believe buy now, pay later services will eventually replace credit cards. More than half (56%) say they prefer buy now, pay later compared to using credit cards for purchases.

It could prove a savvy move for small business merchants to make buy now, pay later services available on their products. However, it is also important not to leave customers disgruntled about their purchases and facing stress and anxiety about making the regular payments.

It is therefore vital to reiterate the message to customers that they should only make purchases this way if they can afford the payments. Businesses should also be mindful of what items they offer these deals on, as offering it on expensive products could potentially heighten the issue of consumers being unable to make the repayments.

Image: Depositphotos

This article, "58% Regret Making Purchases on Buy Now-Pay Later Terms" was first published on Small Business Trends



RSS Business Feeds

58% Regret Making Purchases on Buy Now-Pay Later Terms

buy-now-ay-later-terms.png

When it comes to buy now-pay later, consumers seem to have a bit of a love/hate relationship with the deal.

Research shows that more than half of customers regret buying something on buy now-pay later terms. Yet at the same time, 60% of consumers admit to making purchases through this type of deal.

These statistics involving buy now-pay later deals are uncovered in a report by C + R Research, a market research company that delivers insights on consumer habits. In its ‘Buy Now, Pay Later Statistics and User Habits’ report, C + R Research surveyed 2,005 online consumers via Amazon’s Mechanical Turk survey platform. The survey was conducted in late-March and early-April 2021.

Buy Now-Pay Later on the Rise

51% of consumers surveyed say they have used a buy now, pay later service during the Covid-19 pandemic.

59% admit to having purchased an unnecessary item on these types of deals that they otherwise couldn’t afford.

The research looked at the items most commonly bought on buy now, pay later deals. It found that clothing and electronics are the most common types of products to be purchased in this way, with 47% of consumers buying clothing and 44% purchasing electronics respectively.

Small Business Retails Should Take Note

The survey provides valuable insight into the habits and demands of today’s consumers for small business retailers. For businesses considering offering this payment service, they should be mindful that customers can regret purchasing in this way, especially for ‘non-essential’ and expensive items.

On the other hand, a large majority are opting for buy now-pay later deals, so such services should not be overlooked by businesses.

Providing customers with the chance to purchase something and pay for it later can be an effective way for businesses to sell items, providing they are aware of the cost of the product so that customers are not cajoled into buying something they can’t really afford.

As C + R Research advises: “More than half (57%) of users say they have regretted making a purchase through Buy Now, Pay Later because the item was too expensive. Obviously, when consumers buy an item outside of their budget this can lead to missing payments; about half say they are currently behind on a payment, and almost the same proportion say they are likely to make a late payment within the next 12 months.”

Credit Cards vs Buy Now-Pay Later

The survey also explores the future of these types of payments. According to the survey, 38% of users believe buy now, pay later services will eventually replace credit cards. More than half (56%) say they prefer buy now, pay later compared to using credit cards for purchases.

It could prove a savvy move for small business merchants to make buy now, pay later services available on their products. However, it is also important not to leave customers disgruntled about their purchases and facing stress and anxiety about making the regular payments.

It is therefore vital to reiterate the message to customers that they should only make purchases this way if they can afford the payments. Businesses should also be mindful of what items they offer these deals on, as offering it on expensive products could potentially heighten the issue of consumers being unable to make the repayments.

Image: Depositphotos

This article, "58% Regret Making Purchases on Buy Now-Pay Later Terms" was first published on Small Business Trends



via Small Business Trends Business Feeds

Why is an LLC so Popular? Watch This Free Webinar to Find Out

A-Limited-Liability-Company-or-LLC.png

A Limited Liability Company or LLC as it is more commonly known is one of the most popular business entities for entrepreneurs. This is especially true for first-time business owners. In addition to tax benefits, an LLC protects the members of the company from personal liability for business debt. If the business doesn’t perform as planned, your personal assets will be protected.

The “What Business Structure is Right for You?” webinar will go into detail about LLC and other forms of business structures to highlight the pros and cons of each one. And knowing how each structure can affect your business and personal finances is extremely important. As the first big legal decision for new business owners, you should get as much information as possible before you choose your business structure.

Nellie Akalp, the CEO of CorpNet.com and Anita Campbell, Founder and CEO of Small Business Trends LLC, will be hosting the webinar and sharing their decades of business experience.

Click the red button and register to attend this free webinar on Jan 17, 2021, at 2 p.m. (EDT).

Register Now



Featured Events, Contests and Awards

WEBINAR: What Business Structure is Right for You?WEBINAR: What Business Structure is Right for You?
June 17, 2021, Online

Picking a business structure is usually the first big legal decision for a new business owner and one of the most confusing. However confusing, it is an essential step to protecting your personal assets from any liabilities of the company. In this webinar, Nellie Akalp CEO of CorpNet.com, will share insight on business entities to help guide you to the best decision for your new venture.


WEBINAR: Best State to IncorporateWEBINAR: Best State to Incorporate
July 28, 2021, Online

Some say Delaware, others say Nevada while someone else may say your home state. What is the best state to register a business in? What if your business is expanding into new territory? At what point should you Foreign Qualify? Nellie Akalp, CEO of CorpNet.com, will go in-depth to answer these questions and more in this webinar.


Win Corporate Clients: The Real Deal 2021Win Corporate Clients: The Real Deal 2021
October 4, 2021, Fort Lauderdale, Florida

What if you could rapidly scale your consulting, coaching, professional services, outsourcing, certified diverse company or other corporate supplier business with lucrative B2B clients…clients who buy from you month after month, year after year, with a well that never runs dry. That’s exactly what we’ll show you how to do when you join us!


WEBINAR: Steps to Start Your BusinessWEBINAR: Steps to Start Your Business
October 20, 2021, Online

Starting a business can be an exhilarating time, where everything seems full of potential and purpose. But navigating the logistics of launching a business can be daunting. In this webinar Nellie Akalp, CEO of CorpNet.com, will outline the steps necessary to legally start a business and get up and running on the right foot.


More Events

More Contests

This weekly listing of small business events, contests and awards is provided as a community service by Small Business Trends.

You can see a full list of events, contest and award listings or post your own events by visiting the Small Business Events Calendar.

Image: Depositphotos

This article, "Why is an LLC so Popular? Watch This Free Webinar to Find Out" was first published on Small Business Trends



RSS Business Feeds