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A rising tide floats all boats, and in the B2B marketplace industry, that boat is Amazon Business. According to data and analysis contained in Digital Commerce 360's newly published 2023 B2B Marketplace 500 report, no single B2B marketplace dominates the B2B marketplace more than Amazon Business. Amazon Business already boasts 6 million customers and $35 billion in annual gross merchandise sales, but it's only been around for eight years, and market analysts say sales are far from plateauing. Colin Sebastian, an investment analyst at R.W. Baird & Co. who has accurately predicted Amazon Business' sales growth in recent years, predicts…

When starting your first business, your main goal is to establish your brand and start growing. Unfortunately, this won't happen overnight. Growth is a continuous process and requires hard work, patience, and dedication. There are no special steps or secret methods to surpass other businesses in your industry or achieve instant success.However, there are proven ways to reach growth milestones that can catapult your business to success. We asked small business leaders to share their tips for accelerating growth.How to grow your business quicklyThere are many things you can do to put your company on a growth trajectory. These 13…

West Pharmacy on Electric Road in Roanoke County has closed.“We basically just retired,” owner Mitch West said.The independent pharmacy in the Southwest Plaza Shopping Center had been open for 20 years, according to online license records. I received free online reviews interspersed with comments such as “Always putting the patient first.”A sign on the door directing customers to the Walgreens at Brambleton Avenue and Electric Road said their prescription records would be transferred there.Fuel prices within 1 yearThe average price of regular unleaded gasoline on Tuesday was $3.44 per gallon in the Blacksburg-Christianburg-Radford area and $3.35 in the Roanoke area,…

In 2015, Jeff Bezos predicted that delivery drones would eventually become as common as mail trucks. Although that hasn't happened yet, there are still plenty of companies investing in this futuristic delivery method. For example, Walmart announced in August 2023 that it would add two more supercenters to its network of drone delivery hubs, providing 30-minute delivery to an additional 60,000 homes in the Dallas-Fort Worth area. Drone delivery uses flying drones as a means of delivering packages from retail stores to customers, similar to traditional mail trucks and courier services. Drones are small or medium-sized unmanned aerial vehicles that…

At a time when traditional financial institutions are unable to meet the dynamic financial needs of business owners and real estate investors, Fast Commercial Capital leverages cutting-edge technology to support U.S. business owners and investors. We offer a variety of designed financial solutions.United States – October 24, 2023 — Fast Commercial Capital, an industry leader, continues to revolutionize the way business owners and real estate investors access capital by providing fast and secure financing options.“Traditional lending has not kept up with business and real estate development needs. What the market needs is fast business capital and fast real estate capital…

They say everything is bigger in Texas, and that includes the state’s economy. The Lone Star State boasts a gross domestic product of $1.77 trillion – the second largest in the nation. The state is home to 3 million small businesses, which employ 4.9 million people, according to the U.S. Small Business Administration. That’s more than 45.1% of Texas’ private sector workforce. In the fourth quarter of 2021, the state’s economy grew at a rate of 10.1%, outpacing the nation’s rate of 6.9%, as reported by the U.S Bureau of Economic Analysis.The unemployment rate in Texas has plummeted since 2010,…

Albert Einstein's name has become synonymous with the concept of genius. Although he was a theoretical physicist, not an entrepreneur, much of his wisdom remains relevant for small business owners. Here are six of Albert Einstein's best quotes to help inspire you on how to run your small business. 6 business lessons we can learn from Albert EinsteinAlbert Einstein's words of wisdom are definitely applicable to small business owners, even if you didn't know them at the time. Here are six of Albert Einstein's best quotes that you can use as a starting point for new business ideas or changes…

When business growth slows, leaders face a critical dilemma: maintain the status quo and realize that the current strategy needs more time, or recognize that a change of direction is necessary to stay in business. Constantly changing strategy is a clear sign of panic, but knowing when to change strategy decisively is what startup leaders call “the art of pivoting.””The art of pivoting is changing course while pursuing the same original business goal,” entrepreneur James Reinhart told BusinessNewsDaily. “Pivoting isn't about moving from one business model to the next. It's about evolving your service delivery model, monetization and growth strategy.”What…

Starting a business takes a lot of time and energy, so it's essential to be passionate about your business idea. But passion alone isn't enough. You also need to understand whether your business idea is feasible and whether your personal investment is worth the sacrifice. To help budding entrepreneurs, we explain what a good business idea means, how to determine if you have a good business idea, and how to generate a new business plan.How to determine if you have a good business ideaSometimes the challenge isn't inspiration, but determining if you have a good idea. It's important to critique…

Small businesses often succeed because of their expertise in manufacturing products and providing services. Unfortunately, you may not be an expert in other important parts of running a business, such as financial management. It can be difficult if you don't have much experience managing your business' finances, but it's also important to the survival of your business. Learn how to establish responsible financial habits that will help your business succeed.Small business financial management tipsHere are some things small business owners should do to stay on top of their finances.1. Pay for it yourself.If you run a small to medium-sized business…