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Resetting for Success: Life, Business, and Growth
Hey Mogul Family, It’s been a minute. I had to hit pause—not just on this blog, but on a few things in my life. Life has a way of pulling you aside when it’s time to slow down and reassess. That’s exactly what I did: reflect, reset, and refocus. With everything going on in this…
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Strategies for Small Businesses in a Shifting Economy
Small businesses are the engine of the U.S. economy. They account for 99.9% of all businesses and employ 61.6 million people, nearly half the private workforce (U.S. Small Business Administration (SBA), 2023). That means one out of every two people working in the private sector depends on a small business for their paycheck. For Black…
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Unlocking Self-Employment in Cybersecurity
In October, we celebrated Cybersecurity Awareness Month by exploring the vital skills required to protect our digital world. Now, we’re expanding that conversation with an entrepreneurial angle: how cybersecurity expertise can open doors to self-employment. For skilled professionals with a passion for problem-solving, the cybersecurity landscape offers opportunities to work independently, enjoy a flexible lifestyle,…
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Harnessing Competition and Collaboration in Business
Imagine this: You’re pouring everything into building your small business, and you’ve finally launched a product or service you’re proud of. Then, almost immediately, you notice a competitor offering something strikingly similar. Your heart races—should you see this as a threat or an opportunity? That moment of tension, when competition and collaboration feel like opposing…
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Growth Mindset: Key to Entrepreneurial Success
The content explores the nuances of entrepreneurship, particularly through the lens of 1099 contracting. It discusses how such work offers flexibility, income diversification, and skill enhancement but also presents challenges like lack of benefits and instability. Emphasizing the importance of a growth mindset, the article suggests viewing contract work as an opportunity for long-term success.
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Managing Spam: Tips for Shopify Store and Social Media
Shopify store owners often face overwhelming spam from email and social media, with 45.6% of global emails classified as spam. Reasons include public contact information, Shopify’s popularity, and exposure to bots. Managing tactics include using dedicated business email, spam filters, and contact forms, as well as blocking and reporting spam on social media platforms.
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The Truth About Dropshipping: Insights from a Two-Year Shopify Store Owner
Drop-shipping is a retail model where sellers don’t keep stock, reducing initial investment. However, success rates are low, with slim profit margins and high competition. The main reasons for failure include low profits, supplier issues, high competition, and marketing challenges. Succeeding in drop-shipping requires extensive research, effective marketing, customer service, and adaptation to industry changes.
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Business Loans vs. Grants: What’s Better for Funding Your New Small Business?
Starting a small business involves making crucial financial decisions. Entrepreneurs often consider business loans and grants for funding. While loans offer accessibility and flexibility, grants provide non-repayable funds and enhance credibility. Combining both can lead to significant growth, as demonstrated by successful businesses. When pursuing grants, research, narrative crafting, and persistence are essential.
Melanated Mogul 