Category: starting a business

State Bank of Pakistan in wait-and-see mode, governor says

SINGAPORE — Pakistan’s central bank is in “wait-and-see” mode to give businesses the confidence they need to start investing again and keep people employed, Governor Reza Baqir said Wednesday. 

After reducing by 625 basis points since March, the State Bank of Pakistan this week kept its policy rate unchanged at 7%. In its policy statement, the central bank said that business confidence and the growth outlook have improved as lockdowns eased due to a decline in the number of Covid-19 cases in Pakistan. 

“Our policy stance right now, to catch an idiom, is ‘steady as she goes.’ We want to give industry and investors the confidence that with aggregate demand very tepid, a yawning output gap because of the sharp fall in external and domestic demand from Covid, we don’t see any demand-driven pressures on inflation in the near horizon,” Baqir said on CNBC’s “Street Signs Asia.” 

With real interest

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TikTok’s Internal Estimates Show Even A Temporary Ban Would Cripple Its Entire Business Within Months

A U.S. ban would shatter TikTok’s business around the world even if the restrictions were later lifted, the company says in a newly filed court document.

A ban that stopped TikTok from operating in the States and lasted two months would reduce the number of Americans using TikTok each day by 40% to 50%, according to the document. Those figures worsen to a 80% to 90% drop in daily active users if the ban went six months, a move that would, essentially, deliver a fatal blow to TikTok’s presence in America.

The ramifications stretch beyond the States. TikTok says American-made content accounts for as much as 60% of the videos consumed by users outside the U.S. It is hard to imagine the company being able to maintain—let alone grow—its audience beyond America with such a drastic reduction in

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Pandemic top economic challenge but the pain is not evenly spread: CPA Canada Business Monitor (Q3 2020)

TORONTO, Sept. 22, 2020 /CNW/ – A majority of Canadian business leaders consider the effects of the COVID-19 pandemic the number one challenge hindering the country’s economic growth, according to a new survey conducted for Chartered Professional Accountants of Canada (CPA Canada).

About half (52 per cent) of respondents cited the pandemic fall out as the top economic challenge; much greater than the next identified factor. However, the findings of the latest CPA Canada Business Monitor (Q3 2020) also revealed that not all businesses are feeling the pain. While the majority of professional accountants in leadership positions surveyed (58 per cent) reported decreased revenues for their organizations since the start of the pandemic, 20 per cent also reported unchanged revenues while 21 per cent reported increased revenues.

Optimism among the survey participants regarding the Canadian economy sits at 17 per cent which is  dwarfed by those expressing a pessimistic

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7 Fundamentals of Starting Your Own Business

Starting a new business is a huge and scary step in life. Someone who decides to go it alone already has the odds stacked against them. According to Fundera, half of all small businesses fail after five years in operation. It might seem as though you’re taking a chance and the odds are against you, but this isn’t entirely true. You can stack the odds in your favor.

We’re not talking about corruption. Rather, a business owner can look at the realities surrounding their situation and improve it. A small business owner needs to consider things from several angles before making decisions. The choices that you implement today can have far-reaching consequences to your company years later.

Building a business starts with fundamentals. If you keep to the path and follow strong fundamentals, your chances of success will be higher. But what are those fundamental core values that you need

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4 Questions Small-Business Owners Should Ask Themselves to Prepare for What’s Next

No one was prepared for the events that unfolded this year. Even the best-laid crisis plans were shaken by the cards we were dealt. And, while Fortune 500 companies and Main Street shops alike were thrown for the same loop, small businesses suffered the greatest disruption.

We learned how important it is for small businesses to be prepared — for everything. When crises hit, instead of scrambling for solutions, businesses must have a plan for every scenario. Here are four questions designed to help ready your business for what may come next. 

1. What are my top priorities?

When things get tough, priorities are key to keep your focus. For small-business owners with tight profit margins, this is especially important. Start by mapping out the functions of your business including your employees, assets, real estate, processes, and investments. Which functions are critical to keep your business running? Having your priorities

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4 things Volkswagen did to make its newest EV work in the US

  • The 2021 Volkswagen ID.4 is the first all-electric car the automaker will offer in the US.
  • US buying habits gravitate toward SUVs, so the ID.4 is a small SUV, about the size of a Tiguan.
  • The ID.4 is also priced aggressively. It has a starting price of $40,000.
  • Visit Business Insider’s homepage for more stories.

Volkswagen wants the all-new 2021 Volkswagen ID.4 to be the electric car for the buyer who just needs a regular car, not a party trick. And it made four key decisions for that to happen.

By now, the idea of a totally functional electric car should be a familiar one in the public collective mind. Teslas have been running around for long enough to normalize the idea. And the idea of an affordable, mass-produced electric car has been talked about before, only it hasn’t really happened yet.

With the ID.4, it just might. 

Officially unveiled

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Carson Wentz discusses the challenge of remaining confident after Eagles’ start

Wentz discusses the challenge of remaining confident originally appeared on NBC Sports Philadelphia

Carson Wentz pronounced his confidence intact Wednesday coming off two of the worst games of his life.

Keeping it intact may be the next challenge.

“This business, this game, confidence can turn on people real quickly,” he said. “And for us, it’s going back to what you know. It’s believing in yourself. It’s the entire body of work ever since you were a kid and how you train, how you work, how you prepare. There’s going to be rough times, there’s going to be rough patches. But guys just gotta lean in. I think we have a really good group of guys in this locker room that lean in on each other and trust each other and encourage each other no matter what the outside world’s saying or feeling. We trust each other, we stay together and

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How to (Finally) Start Landing High-Ticket Clients of Your Own


5 min read

Opinions expressed by Entrepreneur contributors are their own.


While many entrepreneurs are able to make a living within their current network, there’s no denying that they could be far better off if they were able to land a few more high-ticket clients. These so-called dream clients pay at higher rates and allow you to work smarter, not harder — dramatically increasing revenue without having to scale your team or up how many hours you work each day.

Of course, landing these clients is a process, but following some tried-and-true steps will help, and make you much happier (and more profitable) in long run.

Determine who you actually want to work with

To find high-paying clients, you need to identify problems that actually need to be solved. This requires evaluating your own areas of expertise, as well as the current needs in the market, to

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Congress’s failure to pass stimulus carries devastating consequences for workers, small businesses

  • Congress is gearing up for a major Supreme Court nomination battle, absorbing most of the attention away from another coronavirus relief bill.
  • The GOP’s swift action on the high court appointment is a stark contrast to their reluctance to approve additional stimulus spending earlier this year.
  • “It’s like coasting up a mountain where every further inch that you go, you risk stopping and begin to go backwards,” Evercore policy economist Ernie Tedeschi said.
  • The prospect of additional aid to individuals and businesses is extremely slim before Americans cast their ballots on November 3, given the Supreme Court battle underway.
  • Visit Business Insider’s homepage for more stories.

 

With a fierce Supreme Court replacement battle underway, Congress is shifting its attention away from passing another coronavirus relief package. Senate Republicans under Majority Leader Mitch McConnell are moving swiftly to confirm a third Supreme Court justice appointed by President Donald Trump.

It’s a

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What It Takes To Build A Sustainable Business

Managing Partner at UXReactor, on a mission to force-multiply business impact through human-centric strategy for all types of organizations.

My co-founder and I did not start our company to make a list. We started it to create a business that would make an impact. As entrepreneurs, the bottom-line aspiration is to be effective and be impactful. 

It is an honor to receive the 2020 Inc. 5000 recognition, as it is given to the fastest-growing private companies in the U.S. To me, it is like any other award: It feels good when you get it, but it also puts a lot more pressure on you to continue that momentum. 

After five years and a notable journey of growth, I want to share with other business owners some lessons that we have learned in building “the firm.” Our company is founded on three core philosophies that serve as guiding principles

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