There were 30.6% more new businesses started in Q4 2023 than in Q4 2022, which implies that new business formation began increasing throughout 2023. The entrepreneurial awakening, it seems, is not over yet. This data can be pulled here. Learn more: How Many Small Businesses Are There in ...
Starting a business can be exciting, but around one in five small businesses fail within their first year.n
In one of the more dramatic examples of corporate bankruptcy in recent years, the failed cryptocurrency exchangeFTX filed for Chapter 11 bankruptcy protectionin November 2022. Unlike many Chapter 11 bankruptcies, this turned out to be more than a case of mismanagement and poor business.2 The compa...
Inflation has stuck around, with the Consumer Price Index rising 3.4% in 2023 according to data from the Bureau of Labor Statistics (BLS). The rising cost of goods means paying more for the same and can take a bite out of your discretionary income. Learning how to save money and manage ...
Lately, many CEOs have promised to shift their business models to focus on the purpose of their organizations. It’s not enough for leaders to just talk about purpose; it needs to be embedded in every fiber of the company. During a McKinsey Live webinar...
involving global systemically important banks (G-SIBs) was triggered by the collapse ofLehman Brothers, which filed for bankruptcy on Sept. 15, 2008. At the time, Lehman was the fourth-largest investment bank in the United States, with 25,000 employees worldwide and $639 billion in assets.9...
Food truck businesses can be very profitable compared to a traditional restaurant business. For one, you don’t have to pay building fees (like rent). They can also be managed with fewer employees. Plus, you have the advantage of being able to move locations in anticipation of high-traffic...
Looking back to our hypothetical example, company B lost twice as many customers as company A. In a competitive environment, it means your competition’s customer base is growing at a much faster rate than you. What’s more, it can create a bad brand image and negative word of mouth. ...
There may come a time, sooner than you think, when the world economy simply cannot operate to its full potential without bitcoin, Facebook’s (NASDAQ:FB) proposed Libra or some other large-scale digital currency. Consider what’s happening in the U.S. al
In addition to food security, urban agriculture research focuses on food production and its social and cultural impacts. There are many terminologies, such as good social relations, security, access to adequate income, family assets, and healthy food. Urban agricultural spaces and practices can bring...