The spread of coronavirus has the potential to cause thousands of industries and businesses to close their doors for good, but this global pandemic also holds an opportunity for those who are quick enough to adapt to the changing market needs. For instance, many restaurants remain open for curbside pickup and free delivery to continue earning revenue. Other small businesses have updated their websites to make buying their beloved products easier than ever.
Whether you’re a brand-new entrepreneur or a seasoned business professional, the Entrepreneur’s Organization can provide you with expert advice, industry insights, and friendly support. Around the globe, there are over 188 EO chapters comprised of tens of thousands of business owners just like you. And now, for every aspiring businessperson in Minnesota, there are several new opportunities to experience all the benefits of the EO.
Foreign investors have been interested in Latin America ever since the early 2000s, and the promising future of the region continues to pique the interest of entrepreneurs around the globe. According to an extensive report from The World Bank in 2014, Latin American countries went through a plethora of institutional and policy changes over the past several years that have led to unprecedented economic growth and stability throughout the entire region.
After just a few years, the trend of eCommerce has rapidly evolved from an exciting business experiment for mega-corporations into a necessity for businesses of all sizes. According to one study, 70% of Americans shop online at least once a month, and consumers have come to expect that their favorite brands can be easily accessible online, 24/7. Online shopping is undoubtedly here to stay, so businesses that don’t make the digital leap are at serious risk of becoming obsolete.
Speaking broadly, an entrepreneur is someone who identifies a need in the market and attempts to fill it. Naturally, this isn’t always the case as the world doesn’t really need another burger joint, but guess what? A new one just opened up somewhere in this fine country of ours as I wrote this. Regardless of whether a need has truly been identified, or you are simply improving on a product that already exists, starting your own business will be difficult with no guarantee of success -- regardless of how well you may plan ahead.