Steps

5 Steps to Help Your Business Emerge Stronger From the Health Crisis


5 min read

Opinions expressed by Entrepreneur contributors are their own.


The global health crisis has caused immense disruption to the global economy, and many companies around the world have been severely affected. Even so, some businesses have shown inspiring innovation in these challenging times.

Over the past few weeks, American automaker Ford innovated and produced 2.4 million protective face shields for medical personnel, assembling the raw materials, manufacturing capabilities and people over one weekend. British tech company Dyson pivoted to create a ventilator product in 10 days, while French fashion and luxury retailer Louis Vuitton announced recently that it will convert its perfume production lines to start making hand sanitizer.

How can business owners learn from the quick thinking of these companies and emerge stronger? Here are five suggestions.

1. Talk to your customers and listen to them.

Whether you are a restaurant owner or an

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The first 5 steps entrepreneurs should take to start a small business

  • You have a great idea for a business — now you just need to launch it.
  • Business Insider spoke with four business owners and experts to learn the best steps to take to build your company from the ground up.
  • These include figuring out how to structure your business — whether it’s a partnership or LLC, for example — as well as registering your business’ name and obtaining an employer identification number.
  • Next, you should open up a bank account specifically for your business and implement a cloud-based bookkeeping system.
  • Click here for more BI Prime stories.

You’ve come up with a brilliant idea for a product or service. You’ve done your research and identified your audience as well as your competition. Perhaps you’ve created a business plan, which is a smart move if you’re hoping to secure financial backing. 

If you’re ready to take the leap and launch your

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Travel Insurance: Quote in 3 Easy Steps

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Keeping Australians
travelling for 30 years

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Trusted by 18 Million Travellers Worldwide

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Earn 3 Velocity Points per $1 spent

Unlimited Overseas Medical Expense Cover

Unlimited Overseas
Medical Expense Cover*

24/7 Emergency Assistance

24/7 Emergency
Assistance

Travelling is supposed to be fun. However, accidents happen. And when they do, they can ruin both your trip, and your finances. But with travel insurance from Cover-More, you don’t have to worry about unexpected incidents. Whether your flight experiences delays, you lose your bags, or you become ill mid-trip, Cover-More can help when you need it most.

Free Quote and Instant Online Cover

Get a free quote, so you can get back to the fun part – planning your trip. More than 18 million travellers worldwide trust Cover-More to protect their trips at home and abroad, and it’s easy to see why. With over 30 years of experience and many millions of travellers served, we know how to help you when you

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3 Financial Steps Small-Business Owners Should Take Right Now

An industry expert shares how to secure cash flow and keep operations running during difficult times.


5 min read


The nation’s small businesses are struggling, and there’s no clear picture of when the current crisis will be over and things will be back to normal. It’s a tough situation for any company to be in, and even a $2 trillion stimulus package won’t be able to alleviate the worries for many small businesses yet. 

Ben Richmond, U.S. country manager for accounting-software platform Xero, shares the three financial steps small-business owners should take to get their companies in the best possible position. Read on for his tips. 

Optimize cash flow

“We’re in unprecedented times,” Richmond says. “Businesses will really need to put their soft skills to use. A lot of the techniques they need to use — which I’ll call ‘peacetime tactics’ — they need to apply in

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10 Steps to Adopting Artificial Intelligence in Your Business

Artificial intelligence (AI) is clearly a growing force in the technology industry. AI is taking center stage at conferences and showing potential across a wide variety of industries, including retail and manufacturing. New products are being embedded with virtual assistants, while chatbots are answering customer questions on everything from your online office supplier’s site to your web hosting service provider’s support page. Meanwhile, companies such as Google, Microsoft, and Salesforce are integrating AI as an intelligence layer across their entire tech stack. Yes, AI is definitely having its moment.

This isn’t the AI that pop culture has conditioned us to expect; it’s not sentient robots or Skynet, or even Tony Stark’s Jarvis assistant. This AI plateau is happening under the surface, making our existing tech smarter and unlocking the power of all the data that enterprises collect. What that means: Widespread advancement in machine learning (ML), computer vision, deep learning,

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Insurance Tips: 10 Steps to Buying Car Insurance

Experts recommend that if you have a lot of assets, you should get enough liability coverage to protect them. Let’s say you have $50,000 of bodily injury liability coverage but $100,000 in personal assets. If you’re at fault in an accident, attorneys for the other party could go after you for the $50,000 in medical bills that aren’t covered by your policy.

The general recommendations for liability limits are $50,000 bodily injury liability for one person injured in an accident, $100,000 for all people injured in an accident and $25,000 property damage liability (usually expressed in insurance shorthand as 50/100/25). Here again, let your financial situation be your guide. If you have no assets that an attorney can seek, don’t buy coverage unnecessarily.

Your driving habits might also be a consideration in determining the coverage you need. If your past is filled with crumpled fenders, if you routinely speed, or

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Entrepreneur Guide: Steps to Start a New Business in 2020

Entrepreneur Guide

“Life is too short for working for someone else’s dream”

“Freedom” is a wonderful word that plays a pivotal role in our lives. It could be financial freedom or freedom of thought. Humans crave for the feeling of freedom in their lives. Starting a business of our own means freedom in many ways.

However, the process of starting a new business is not clear to most people. According to a survey, 19 documents are required to buy a gun in India whereas starting a restaurant requires 45. Hence, starting a business in India might sound difficult but don’t stop dreaming. Let’s start by understanding the steps/tips to start a new business in 2020.

Construct Like the Romans

Think of a business that has the potential to survive and
thrive in the long run just like the Roman architectures revered by people
around the world.

You Should Know Everything About Your

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Steps, Tips & Best Degrees

Entrepreneurs are the lifeblood of the U.S. economy.

They own and operate everything from small grocery stores to digital startups. No matter what the size and scope, there are entrepreneurs behind every business and private company in the country.

Examples of entrepreneurs are everywhere. McDonald’s was founded by an entrepreneur. Facebook was built by an entrepreneur. Coca Cola was launched by an entrepreneur. Name a famous company, and there was an entrepreneur behind it.

But for every entrepreneur that becomes a success, there are many others who fail. Gallup polling has found that 50% of business don’t make it past five years. According to Fortune Magazine, a staggering nine out of ten startups will eventually fail. Those numbers may seem disheartening, but it doesn’t mean you should never consider entrepreneurship for your career.

With genuine passion, hard-work, a great idea, and a knack for learning, anyone can build a business

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