Tag: examples of small businesses

Dreaming of a Retirement in Business

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Small Business
It’s the typical dream of many older adults. Quitting the 9 to 5 corporate jobs and opening a little bookstore (coffee shop, floral shop, boutique) near a beach (national park, quaint tourist town, hometown). The plan is to open the shop doors when you feel like it, hang out and talk to friends and customers all day, and close up when the mood strikes you. It’s not working; it’s a place to socialize and live your best life. Familiar sound? It is a beautiful story. Dream or Nightmare? I’m here to pour a little cold water on the fairy tale.…

How to choose the best bank for a small business loan: 6 steps

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Small Business
Small businesses typically need a steady cash flow to succeed. But ebbs and flows in business, along with opportunities to grow, mean businesses sometimes need an infusion of cash. One way to get additional capital is by securing a small business loan. While there are many types of lenders small business owners can turn to, many prefer to work with a traditional bank. Banks offer hands-on, in-person service. If that’s your philosophy, read on to learn what to consider when researching the best banks for business loans. Key takeawaysLarger banks tend to offer the widest range of business loan…

6 Ways Entrepreneurs Can Use ChatGPT to Save Time

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Small Business
Opinions expressed by Entrepreneur contributors are their own.Small businesses have always had the challenge of competing with large corporations that have practically unlimited resources. Fortunately, new technologies are emerging that are leveling the playing field. Entrepreneurs can now leverage tools like artificial intelligence to amplify their businesses’ capabilities and productivity without adding significant amounts of capital or overhead. Released by OpenAI in 2022, ChatGPT is one of the most cutting-edge and accessible AI on the market. Here are six ways entrepreneurs can use ChatGPT to save time — and money. Related: I Use These 5 ChatGPT Hacks to Cut…