Reaching the Rising Global Middle Class, The Hill
As consumers adopt a predominantly digital lifestyle, how can innovations in technology power the global economy and support the needs of the rising global middle class?
SBE Council president & CEO Karen Kerrigan joined a panel led by Steve Clemons, Editor-at-Large of The Hill on August 12, to discuss an array of developments that make the growing global middle class easier to access for small businesses through e-commerce platforms.
With a smartphone and an internet connection, anyone can instantly make purchases and payments and access a myriad of financial services.
While the global middle class shrank last year due to the COVID-19 pandemic, the dominance of this consumer is continuing to shape the e-commerce landscape for both small and large businesses around the globe. Over the next decade, more than half of the growth in global consumption is expected to come from the middle class and by 2030 close to two-thirds of the world’s population is expected to join the ranks of the middle class.
Watch the recording of the event here.
10 Entrepreneurs Myths That Need Not Dilute Your Focus, Startup Professionals.
“Most of you aspiring entrepreneurs probably have long searched for that special idea that will catapult you and your startup to success. Yet, my experience as a business advisor and investor has convinced me that the magic is not the idea, but you and the execution. I have seen people with mundane ideas hit it big, and really great ideas implemented poorly, with disastrous results.”
Less Than 8% of Job Seekers Want a Fully Remote Work Environment, Small Business Trends.
“The survey interviewed 3,184 job seekers and employers across the US in May and June. Respondents came from 56 industries in ten sectors. Almost 40% of recipients said they were open to any office environment, whether it is remote, in-office or flexible…Just 2.5% admitted an indication to work remotely on a job ad was an important feature of a job ad.”
WELTMAN: Plan Your Holiday Sales Strategy Now, Big Ideas for Small Business®/SBE Council.
“Kiplinger forecaststhat the child tax credit payments being sent to parents each month from July through December will support more consumer spending at holiday time this year. Nonetheless, Clutch predictsthat will be much harder for small businesses to compete with large companies (last year the top 100 online retailers accounted for 74.1% of all e-commerce growth) and small businesses will have to work harder. Get started now.”
3 Incredible Benefits of Focusing on Local SEO for Your Business, Small Biz Daily.
“SEO involves studying what these search engines find as ‘relevant’ and appropriately presenting your content. On the same note, local SEO attempts to get your content on the first pages of local search results.”
8 Unpublicized Strategies from Serious Entrepreneurs, Startup Professionals.
“It’s true, the entrepreneur role and mindset are not for everyone, and successful entrepreneurs generally have their detractors, as well as loyal followers. The role is a demanding one, and compromise is usually not a winning option. While others like to minimize risks of all sorts, and bend an existing market, real success comes from defining a new market and new customers.”
SCORE WEBINAR:
To Incorporate or Not to Incorporate Your Business? That is the Question.
August 24 – 1:00 p.m. ET
You made the leap to entrepreneurship! You know exactly what products or services you want to offer, but are not quite sure how you will protect yourself in the process.
You hear about “getting an LLC” or “incorporating,” however it seems confusing and overwhelming.
Does this sound familiar to your situation? If yes, join this webinar presented by Intellectual Property Attorney Kelley Keller, Esq. to learn about the essential aspects of incorporation so you can eliminate uncertainty and make the right decisions for you and your emerging business.
Topics to be covered:
● Who should incorporate
● What type of entity you should create
● When, Where, Why, and How you should incorporate
Register or learn more about this event here.
Considering e-commerce as a Side Hustle? Here’s How to Nail Your Niche, Smart Hustle.
“Even though the competition is as fierce as ever, and many product categories have grown saturated, there is still plenty of potential for new entrepreneurs to make a decent living from their side hustle – as long as you adopt the right strategy, of course.”
Protecting Small Business, Promoting Entrepreneurship