Sustainable shoe maker Allbirds says in a securities filing that it's targeting a valuation as high as $2.2 billion in its initial public offering, a date for which has not been set. The company plans to offer 19.2 million shares at $12 to $14 each.
Florida, and Miami in particular, is becoming a startup hot spot, bringing in almost four times as much early-stage investment so far this year -- over $1 billion -- as it did in all of 2020. South Florida investors, founders and universities have been building the groundwork for a startup ecosystem, and their efforts appear to be paying off, says Florida Venture Forum President and CEO Kevin Burgoyne.
Software makes the day-to-day of a small business easier, but staying within budget is a must. Ryan Ayers offers ideas on five software types, including accounting, project management and customer databases, that are essential to small business success.
Raising community awareness and trust for your business can lead to greater success, says Jennifer Acree, founder and CEO of JSA Strategies. Knowing your audience and learning to pitch to your hometown media outlets all can foster relationships and educate your community on what your business has to offer, Acree says.
Labor shortages are causing small businesses to cut back their operating hours or limit the services they can offer, such as house cleaning or in-home aid. "This is why I'm up in the middle of the night," says CEO of Project Independence Debra Marsteller, who notes that staffing for her in-home care for disabled adults has fallen by 30%.
Setting priorities, knowing your "burn" rate, reviewing finances each month and cutting expenses when necessary can help businesses save money in the long run, say these business experts. "Ask yourself a tough question: Are these fixed expenses really critical to your next major business deliverable (e.g., product release, sales/marketing, revenue goal)?" says David Qu with Joint Commission International.
Insurance can help business owners cover risks such as liability, a loss of income or damage to property, writes Cristian Bustos, but it can also help attract new talent. "A survey shows that 46% of employees cite health insurance as a positive influence in choosing their current job," he writes.
Successfully launching an online business can create as many challenges as building one that's brick-and-mortar, and internet competition is an added hurdle, writes Carol Sankar, founder of The Confidence Factor. Finding your niche, targeting your audience, and investing in a quality website can help your venture thrive, Sankar writes.
Individual experiences and backgrounds shape our views of the world around us, and while bias is not always a negative, working toward eliminating them can help ensure fair and objective business decisions. These business owners offer their ideas for ways that other entrepreneurs can grow beyond biases, including training, feedback, and in-house analyses.
It's important to open up prospects to new ideas while helping them deal with challenges and pain points, even though new ideas occasionally lead to disagreements, writes David Brock. To manage disagreements properly, attempt to foster a collaborative learning environment instead of focusing on who's right and who's wrong, Brock writes.
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