Key Takeaway: According to recent studies, about 20% of small businesses fail in their first year, while about 50% of small businesses fail within five years. The industry with the highest business failure rate is the accommodation and food services industry, which has a failure rate of 14.6% within the first year and 57.3% within … Read more
Key Takeaways: The Bureau of Labor Statistics reports that around 20% of small businesses fail within their first year, and around 50% fail within their fifth year. The failure rate can vary greatly based on industry, business health, and reporting accuracy. Understanding the variables and caveats of the data is crucial in interpreting it correctly. … Read more
Home-buying is a complex process that involves multiple steps, from finding the right property to securing financing, negotiating contracts, and completing the closing process. However, even after making it to the final stages of a home purchase, there is still the possibility that the deal may fall through. According to Trulia’s most recent data, only … Read more
There is no definitive answer to this question as the amount of traffic generated by a website depends on many factors, such as the niche, the quality of content, the marketing strategy, and the competition in the market. That being said, having a large number of high-quality articles can help increase traffic to a website … Read more
What is WhatsApp Marketing? WhatsApp Marketing is a type of messaging-based marketing that maintains a strong relationship with customers via a 1:1 conversation. It has become a fast growing medium for customer conversations since Mark Zuckerberg announcing that WhatsApp Business will be the next focal point for Meta. WhatsApp has been the preference of over … Read more
According to the Duke University/CFO Magazine Global Business Outlook survey, over 80% of US companies report that someone has successfully hacked their systems to steal, alter, or make confidential data public. How can a business get hacked? There are many ways that businesses can get hacked. One way is through phishing scams, where hackers send … Read more
According to FactSet, Oprah Winfrey owns an 8 percent stake in Weight Watchers. She first invested in the company in 2015 and has been an active spokesperson for the brand. Oprah’s investment has helped to increase awareness of Weight Watchers and its programs. The company has seen strong growth in recent years, thanks in part … Read more
Around 9 percent of US truckers today are owner-operators. This means that they own and operate their own trucks, usually with their own personal trailers. Owner-operators can choose their own routes, schedules, and destinations. They are also their own boss, so they can set their own hours and take time off when they want. How … Read more
About 35% of ticket sales go to the artist. This means that ticket buyers are usually spending more money on the experience (venue, lighting, sound, security, etc.) than on the artist. However, artists get about 50% from all official merchandise that’s sold at the show. It’s been started by those in the business that most … Read more
Federal Unemployment tax is imposed at a flat rate on the first $7,000 paid to each employee. The current FUTA tax rate is 6%, but most states receive a 5.4% “credit” reducing that to just 0.6%. What is unemployment insurance? The basic unemployment insurance program is operated by the states, although the US Department of … Read more