Running a service business isn't always easy, although it might be easier to start and manage than a product-based business. However, there are many problems that service businesses face.

Before starting a service business, analyse the various possible challenges you may face during operations and look for solutions. Here are eight of the biggest problems you might face and the solutions.

Retail is a dog eat dog industry. Those who succeed are those who never give up on their dreams and take advantage of every opportunity. This article outlines three strategies that have helped some very successful Etsy stores gain market share.

For the sustainability and success of any business, constant advances to enhance the business are vital. And as a business owner, you need to know where you can improve in your business. You must also be equipped with the required business skills to enhance your career. This is because business skills are an essential part of business success, and they will define the competitiveness as well as the productivity of a business. So, the following are some things you can do to improve your business skills before the year ends.

This is a consideration that, thus far, countless marketing drives have failed to take into account, meaning that the alienation of audiences, and the lost conversions that can cause, have too often stood in the way of progress. Now, though, as increasing big data makes it far easier to understand what people want on a granular level, diversification of even targeted marketing is essential, and we’ve got a few pointers that could help your team bring it within much easier reach.

Social media can be one of the most difficult components of your business to manage due to the fact that it’s always changing. Trends don’t stay around for very long and it’s tough to capitalize if you’re not constantly monitoring your social media. This can make running your social media accounts really difficult and it typically requires a dedicated employee to manage multiple platforms.

Leadership is about so much more than words; it’s about actions, and any good boss out there knows that. The way that you speak to your staff should be polite and courteous, but the way you respond to queries for remote work and extended time off will help you to show that you are a better boss than most.

65% of small businesses fail within ten years of opening their doors - whether this is the result of changes in consumer behaviour or a weak business model. Often, failure results from poor planning, wherein the business owner is too consumed with current problems or tasks to consider how their company will fare over time.