August 18, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. Artificial intelligence (AI) is the most disruptive innovation of our lifetime. Its adoption has grown 60 percent in the last year, according to an April 2020 report by Narrative Science. The report’s authors say the technology is having a “significant and imminent impact on everything from company strategy, to business operations, to job functions.” So what are some of AI’s implications in the new normal, one in which American entrepreneurs find themselves saving cash, working from home and wearing masks everywhere they go? Currently, for entrepreneurs, the most popular AI-powered solutions deal with predictive analytics (24 percent),…

How to pay attention to outside influences and monitor your body’s internal reactions. Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! August 16, 2020 3 min read Opinions expressed by Entrepreneur contributors are their own. Time and time again, we’ve heard reference to the importance of caring for ourselves before we’re able to care for others. There has never been a more crucial time than now to take that message to heart. The stress of uncertainty wreaks havoc with our ability to stay calm and grounded, thus impacting our productivity in everything from completing everyday tasks and caring for ourselves and family to managing…

August 13, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. The past few months have tested our collective ingenuity and resolve in countless ways. How quickly can we roll out new things? Will our business be sustainable using a new delivery model? If employees aren’t at the office, can we trust them to get work done?  Remote work has been put to the test in an impromptu global work experiment. From what we’re observing, it is working — especially for companies where mutual trust runs deep.  Businesses with a “we” culture — an ethos that values collaboration, innovation, compassion and a “we’re all in this together”…

A wave of business failures is going uncounted, in part because real-time data on small business is notoriously scarce, and because owners of small firms often want to avoid bankruptcy, according to an article by Bloomberg’s Madeleine Ngo. Large corporations that are going through bankruptcies are legal affairs and often major news events. However, while the closure of a small business can be a traumatic event to all those personally involved ( owners, employees, and customers) they often are “silent deaths.” 80,000 | The review site Yelp has data showing 80,000 small businesses permanently closed during the time period, March 1 to July 25. 60,000 | Yelp reports that 60,000…

The National Federation of Independent Business (NFIB)’s long-running “Small Business Optimism Index” fell 1.8 points to 98.8 in July. Small business owners continued to temper their expectations of future economic conditions as the COVID-19 pandemic is expected to continue. “This summer has been challenging for many small business owners who are working hard to keep their doors open and remain in business,” said NFIB’s Chief Economist Bill Dunkelberg. “Small business represents nearly half of the GDP and this month we saw a dip in optimism. There is still plenty of work to be done to get businesses back to pre-crisis numbers.” Key findings in July’s small business owner index 18{a87f602f9b65d268d2531d6307ed39cfde24e475374069973d0be7fc923da513} |…

August 10, 2020 4 min read Opinions expressed by Entrepreneur contributors are their own. Success instills pride. Unfortunately, valuable possessions also attract thieves. Entrepreneurs think lack of customers, bad service and limited capital are what causes bankruptcy. Try being a victim of cybercrime. A 2019 report by insurance carrier Hiscox found that 60 percent of companies that are victims of a cyberattack go out of business within six months. The average loss is $200,000. That’s a hefty sum for startups, most of which are already reeling from the virus outbreak. Currently, 15 percent of small businesses do not expect to survive the recession, which means a cyberattack would have devastating consequences.…