5 Issues To Know This Week:
1) Overcoming Your Concern of the Unknown
2) The Fundamentals of Web3
3) Want New Content material Concepts?
4) The State of Rural Entrepreneurship
5) Useful resource of the Week: What’s Scorching for 2023—Free Webinar
Joyful October Small Enterprise Edge Readers!
I typically inform you how a lot we admire your suggestions about this text (and our different content material) and the way significantly we take it.
Let me share an instance with you. Final week, I acquired an e mail from Barbara Weltman, a very good buddy and one of many nation’s high enterprise tax consultants. Barbara paid me a pleasant praise on our e-newsletter, and added, “There isn’t a straightforward method to share your content material on-line or offer you credit score for it.”
Wow, what have been we pondering? I relayed the suggestion to our staff, and one week later, every merchandise has a collection of share buttons beneath it!
Thanks, Barbara, for the suggestion and to everybody else who’s written to us with feedback and compliments. We learn and admire each one in all them.
Till subsequent week, I hope you carpe diem the heck out of this week and have a variety of enjoyable doing it.
Brian Moran, CEO
Small Enterprise Edge
Brian Moran & Associates
Overcoming Your Concern of the Unknown
The authors of this text from the Harvard Enterprise Evaluate say we “people are wired to worry the unknown.” And that’s why uncertainty, whether or not private or skilled, could be “nerve-racking, exhausting, and even debilitating.”
However they argue that individuals don’t understand that “uncertainty and risk are two sides of the identical coin.” In unsure instances like these we’re at the moment experiencing, that’s good to know.
The authors supply 4 options for coping with your worry and studying to navigate by way of the “gateway of the unknown.”
Do you absolutely perceive Web3? Yeah, me neither. However with a lot buzz about new digital applied sciences like cryptocurrencies and NFTs (non-fungible tokens), I believed I ought to be taught extra.
This new article from McKinsey does an awesome job explaining the basics of Web3, what it’s and what its use circumstances might be, its potentialities and limitations, and the way disruptive it is going to be for companies.
Want New Content material Concepts?
Since creating content material is now such an important a part of most advertising efforts, small companies typically wrestle to give you new concepts for his or her content material.
In the event you need assistance on this space, there’s a extremely helpful publish on the Fixed Contact weblog that provides nice recommendation, from planning your content material to getting concepts related to your online business.
Learn extra about how and the place to get content material concepts in your web site.
The State of Rural Entrepreneurship
In accordance with SCORE’s new Megaphone of Principal Avenue: The Small Enterprise Rural/City Divide, whereas most (75%) of America’s small companies have returned to pre-pandemic or higher gross sales ranges, many rural small companies are struggling—53% say they really feel “considerably or extraordinarily unfavorable in regards to the financial system and its influence on their companies.”
SCORE’s survey of small companies reveals that when in comparison with non-rural companies, rural entrepreneurs are:
- 30.2% extra more likely to cite inflation as one in all their high three enterprise considerations
- 32.4% extra more likely to cite provide chain disruptions
- 9.3% extra more likely to report increased prices of doing enterprise
- 24.5% extra more likely to report increased vendor costs
Be taught extra in regards to the challenges going through rural small enterprise homeowners.
Useful resource of the Week: What’s Scorching for 2023-Free Webinar
My long-time buddy and colleague Rieva Lesonsky likes to maintain monitor of the developments that influence small companies. Right here’s your likelihood to be taught the most recent data and to seek out out the most recent enterprise concepts and developments as we head into 2023.
Rieva is giving a webinar on Thursday, October 6th, for the Small Enterprise Administration (SBA), and you’ll be part of—totally free. She’ll be speaking in regards to the shopper behaviors which have modified in the previous couple of years and how one can pivot your small enterprise to handle these calls for, the most well liked companies for 2023, how the nation’s altering demographics influence your small enterprise, and much more.
You’ll be taught extra on the free occasion, which begins this Thursday at 10:30 am ET. You’ll be able to register right here.