The F.W. Woolworth Company became a retail power during the depression, amassing a fortune in smartly priced products that undercut the market. What started as a small mom and pop suddenly became a mass distribution giant selling everything from cookware to toys and electronics. Opened in 1879 in Utica New York, it was the forerunner…
Tag: sme
Exporting Small Businesses
Census data from 2016 revealed that of the nearly 6 million businesses employing Americans in the U.S., 99.7 percent were small to medium enterprises (SMEs). Many economies think that there is a secret to the U.S. success story–and granted, without the boost of American Chattel slavery the nation likely could not have advanced at such…
Defy Your Niche: Why Diversification Matters
While it’s true that you want to hone what you’re good at, it’s an incontrovertible fact that companies that didn’t just stick to their first product offering excelled most. You have to be able to see new avenues in your field and other fields to stay competitive. There is a great book by an Entrepreneur…
Do This One Thing For Business Success
If you’re an entrepreneur, business owner or any other kind of professional you know the challenges that you may face reaching your goal. There is a myth out there that your “fancy” startup will get tons of funding from savvy venture capitalists hoping to invest in the latest hot app or business venture. However the…
Marry Christmas With Your Biz!
Marry Christmas! I hope you’re having a great holiday! The season to spend time with friends and family eating high caloric food, rehashing old family history and exchanging poorly wrapped gifts is upon us! You’ve probably spent more money than you could actually afford and actually battled your way through isle of ransacked shelves to…
Social Media Mistakes
Small businesses often collect social media accounts like pastel eggs on a Easter Hunt. Many have so many in their basket, that they do not know what to do with them. The ways in which many small businesses engage with social media is often far from productive. As a social media manager, I can honestly…
The Best Marketing on the Planet
. . . grassroots marketing is probably one of your most effective business tools. It’s most effective, because it relies on the massive power of word of mouth which remains the top form of marketing.
Lela Winston 