According to the Escape Room Industry Report, the average escape room business generates over $250,000 revenues in one year, for one location only. While the industry is still fairly new, there is plenty of growth potential and opportunities for enthusiastic entrepreneurs. With about two-thirds of the business income resulting from online bookings, there is no…
If it were as simple as having an idea for a product or service, almost everyone would be a successful business owner. However, the reality is that product ideation is only one component of building a business. To be successful, you must drive awareness for your business through strategic branding. And if you don’t have…
The data revolution happened so quickly that a lot of businesses didn’t really know how to react to it. A decade ago, companies weren’t collecting a huge amount of data about their customers. But now, every single interaction that you have with people is collected and analyzed. If you know how to use that data…
The moment you hit the age of retirement, it feels like you’re entering a new world. You start to see things a little bit differently. At first, you relish the fact that you don’t have to wake up really early to prepare to go to work. You celebrate the lack of a 9 to 5…
Steve Jobs once described creativity as the art of connecting things inside the business. “Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something. It seemed obvious to them after a while.” His creative vision of…
It’s one thing to be an entrepreneurially minded person with a great business vision that you’re convinced will take the world by storm, and to have enough money set aside to throw yourself into pursuing the adventure full-time, right off the bat. Sure, the road ahead is certainly going to be rocky (as it always…
HR development is essential to every successful organization. Without it, your business will stagnate. But what exactly is human resource development? And why do we need it? Well, it’s a relation to human resource management, which deals specifically in training employees. This encompasses training the individual when they are first hired, providing opportunities to learn…
Keeping their systems and network secure is a concern for all business owners. No one can be certain that they will not have security issues at some point, but there are things you can do to lower the risk of it happening to your business. #1 Make Your Staff Aware It is vital that…
In the classic 1980s advert below, the point is made that one industry that is likely to remain buoyant no matter what the market is doing is that of pottery and ceramics. After all, as Maureen Lipman’s character suggest people will always need plates! Of course, succeeding in today’s market with your own ceramic business…
If you are running a business alone, chances are that you will need to ensure that you are able to prioritize your tasks and learn how to outsource, scale-up, and strategize. Every business owner faces daunting tasks, such as keeping on top of their finances, managing their social media, and doing other boring admin jobs….