The real truth: Why are brick and mortar businesses failing and what to do instead.
Aspiring entrepreneurs should start an online business instead.
Entrepreneurship can be a very rewarding career choice. Many entrepreneurs have succeeded opening a brick and mortar business in the past. But with how things are today, brick and mortar businesses are not doing as well. Not to mention many are failing. An owner of a failing brick and mortar business feels stressed, worried and sad. Worried about covering expenses, keeping the business alive, the never ending work hours. Stressed from sky rocketing expenses and little to no revenue. Sad when the brick and mortar business fails crashing the entrepreneurial dream. As a result, aspiring entrepreneurs can be intimidated by the existential threat brick and mortar businesses face. But what if I told you, there is a way to be successful as an entrepreneur without the headache of owning a brick and mortar business.
You don’t need to have employees, an office or own product to start an online business and be successful.
There are several reasons why brick and mortar businesses are not working anymore:
The internet keeps evolving. As a result, more and more people have access to products and services they never had access to before. So, it makes sense that online businesses are growing. Online shopping can be done from the comfort of your home. Customers have access to a wider variety of goods online than can be found in a brick and mortar store and without leaving their house. They can avoid disappointing trips to the store where they do not even find what they need. As a consequence, brick and mortar business have started becoming redundant.
Physical location expenses
Buying or leasing a location to use as a storefront can be expensive. As it is not the only expense involved. You need to pay for service charges, taxes, utilities, cleaning, maintenance to name a few additional expenses.
If a store owner expects their store to grow, then they know they will eventually, have to hire employees. That means they will have to pay a salary and provide benefits to the employees. The cost aspect of hiring an employee, is not the only drawback. An employee needs to be onboarded, trained and supervised on an ongoing basis. This involves a cost both in monetary and time terms.
Why online businesses is a better option than brick and mortar businesses
Nothing is more stressful than coming home after a long day at work or school and still having to go out to the store. Driving through horrible traffic to a crowded store. Finally, getting to the aisle only, to find out that product they want is out of stock. Instead of this, people turn to online shopping. Customers can sit at home, avoiding terrible traffic and get everything they need online. Shipped right to their front door.
Business owners no longer have to pay for expensive rent or high mortgage rates. They no longer have to keep up with the maintenance of the brick and mortar store or pay for utilities and cleaning. They no longer have to hire employees. Instead, owners of failing brick and mortar business can switch to a fully online business and work remotely using their laptop enjoying freedom and flexible work hours. You can even work from home in your pyjamas or the coffee shop down the street for example. Any location can be your office. No more wasting valuable time driving through traffic to get to work being stressed. Online business owners can work whenever they need to. Their workday is under their own control. Furthermore, their pool of customers is no longer limited to the residents of their town or whoever happens to be traveling through. An online business can reach anyone at any time. There are almost no limits. Stress is limited as you no longer need to worry about keeping stock onsite to meet demand. Online store owners do not have to worry about keeping everything in stock. Imagine that a brick and mortar business sells shoes. They have a selection of shoes. But they do not know what customers want. So they have to keep a certain number of each pair of shoes in stock for anyone who comes in. But if they sold their shoes online, they would not have to worry about keeping a certain number of shoes in stock in a physical location. That is why more and more brick and mortar business owners are switching to online businesses.
The are many benefits involved with owning an online business instead of a brick and mortar business. They include working from literally, anywhere, being location independent, and at any time you want making your own work schedule. You can even automate your online business and make money while you sleep. You don’t need to have employees, an office or even your own product to start an online business and be successful. You can now better understand why brick and mortar businesses are failing and replaced by online businesses instead. Aspiring entrepreneurs are choosing to go online in order to avoid all the unnecessary risks and expenses and reap all the benefits.
What is your brick and mortar business story?
If you are a brick and mortar store owner who is struggling with their store or this article relates to you in anyway, maybe you shut down your store already, then please leave a comment below to share your brick and mortar business story with us. I personally, used to own a gym in Central London which, I had to shut down due to the coronavirus. You see owning a brick and mortar business that generates no revenue as it has been forced to shut down, while having to pay rent, employee salaries and benefits, utilities and other expenses no longer makes any sense. Starting an online business instead was the best decision I could have ever made!
perfect for adult learners leaving the corporate world
help with career and business development
Udemy vs Udacity Review What Most Users Prefer
Education has changed with the times, and now, the full spectrum of knowledge is available to you online, on your own time. It’s incredible, isn’t it? Platforms like Udacity and Udemy offer a new path toward achieving your goals and boosting your career.
Here’s what you need to know to choose the right one in the Udemy vs Udacity matchup.
Udemy vs Udacity Review here is what most users prefer.
Things To Consider Before Buying An Online Course
Online courses do offer a more convenient and often more accessible way to gain the critical knowledge you need to change careers or begin a new hobby. However, there are a few things you must consider before going this route.
How do you want to learn? — Some platforms are synchronous, meaning you must show up at a particular time. Others are asynchronous, meaning there’s a broader framework to the learning, but “when” it happens is up to you.
Do you have the right software? — Some courses are simple videos and pdf files, while others require the specialized software of the field (think Tableau for data visualization, for example). You need access to this software to complete the course.
Do you need lifetime access? — Some courses are available for a short time. Others provide lifetime access to course materials, videos, and all updates that come with future iterations of the course.
What format is best? — Online courses used to be collections of PDFs. Now, many online courses offer robust, interactive, multimedia presentations. Ensure you have the right software and that the format suits your learning style.
All these questions ensure that you have the right course for your learning style and that you won’t be frustrated by the delivery. With online access, lessons come in all shapes and sizes. Many will update with new information and revamped formats in the future. Ensure you have the access and methodology you need.
Udacity began as an experiment in online education. Would users take and find value in more in-depth courses and course tracks? The answer is yes.
Udacity offers online courses arranged in tracks. It was one of the first platforms to provide something called a “nano-degree” or a course series for mastery of a specific niche topic. Where sites like Udemy offer a range of single courses and course tracks, Udacity focuses more on the nano-degree concept.
Udacity offers a few different pricing models, but nearly all the courses have term limits. You’ll have a set amount of time to finish the course, or you’ll lose access. If you complete the course, you’ll maintain access for future reference.
Good variety of STEM subjects
Credentialed with good record keeping
Good community and mentor support
No support for free courses
Time limits on courses or you lose access
Record keeping and certifications vary from course to course
Features & Benefits
Let’s take a look at what you can expect from a course or course series from Udacity.
Udacity’s entire MO is the concept of a targeted training option for students who don’t want a full-time degree but need more than a course or two to succeed with goals or job applications.
Udacity offers courses separately, of course, but the biggest draw is the degree track. Sometimes called a micro-degree, nano-degrees are a series of several courses that build on each other to create mastery of a single, targeted subject.
Udacity’s nano-degrees center primarily around technology tracks such as artificial intelligence, but you can also find business subjects and a new career section designed to help you with the job search itself. These skill sections offer record-keeping and official certification you can use to send to an employer.
For example, the artificial intelligence track offers courses in AI programming with python, computer vision, and deep reinforcement learning. These courses build technical expertise in working with AI systems, all in a cohesive track model.
When you sign up for paid courses, Udacity provides instructor feedback and mentorship at varying levels depending on the course track. Their track record is good for timeliness and attention, allowing students to ask questions and receive clarification despite the online model.
The courses also have thriving communities of like-minded students waiting to share community knowledge and expertise. In quite a few of the courses, you’ll have projects to complete in groups, expanding your network and your knowledge.
This type of mentorship is a sharp turn from other free massive online course structures in which you complete recorded materials but don’t have the chance to answer questions or receive feedback. Plus, the slightly smaller community of Udacity vs Udemy could provide more targeted instructional feedback for students.
The courses do offer record-keeping and official certification. Once you complete the course with satisfactory progress, you’ll be able to send the certificates to potential or current employers or use them for your portfolio/resume.
These credentials are recognized by a variety of sources and offer more than just pass/fail. Your employer will be able to see course standards and requirements and see how your performance measured up.
Many of the courses also require real-world experience, using projects and problem solving, portfolios, and other educational tools to record your learning evolution. The arc could be useful as you navigate your career path or seek to grow at your current employment position.
Portfolio and Record-Keeping
One unique capability available on the Udacity platform is the ability to build a portfolio. Your courses and projects are trackable and easy to send to potential employers. You won’t worry about whether your employer works on a particular program or computer type. Everything is available with a simple link.
This also makes it easier to provide proof of satisfactory completion and showcase your talents or new skills to current and future employers. It’s more than just an online certificate; it’s a track record of your learning evolution all in one, easy to access place.
While other platforms can sometimes make it harder to showcase a track of mastery, Udacity’s focus on nano-degrees takes a different approach. You’ll have exactly what you need to bolster your resume or provide documentation for continual learning and professional development.
Udacity’s courses are quality controlled and offer deep insights into content areas, particularly in technology. There’s a pretty vast course catalog, but you’ll be able to see the credentials of the course creator and instructors to guide you.
The content for free courses is the same high quality as the paid courses, aside from mentorship. You won’t have access to the course instructor with free classes, but the content is a similar depth and consistency no matter what you pay for it.
In the beginning, Udacity didn’t offer as big of a catalog as other course platforms, including Udemy. Still, they’ve found their niche with technology nano-degrees and expanded at lightning speed.
The courses offer different delivery methods, allowing students with various learning preferences to get the most out of their experiences taking the course. These aren’t your garden variety PDFs; you’ll get dynamic course material to make the most of your learning trajectory.
Udacity’s nano-degrees are a more significant investment than something like Udemy, where the course platform prioritizes standalone or one-off courses. Where Udemy has a variety of courses hovering around the $10 mark, Udacity’s tracks can be investments of up to several hundred dollars.
The difference lies in support. When you invest in Udacity, you’re investing in more help, mentorships, and greater access to instructors. It’s an essential part of your course experience, especially in Udacity’s main field of technology. Mentorships can provide that hands-on experience required of technical fields that need both knowledge and working expertise.
Udacity’s most significant restriction is the subject matter. With less than 50 nano-degree track options available, it’s a smaller platform than some more famous options like Coursera. However, that niche experience provides a reliable foundation of knowledge for those looking specifically for tech.
At the moment, it provides some of the most cutting edge subject matter employers are looking for — think AI, data science, cloud computing, and autonomous systems. If you’re making the career switch to technology, this is definitely the platform for engagement and mentorship in this field.
Udacity isn’t a one-off course, so you’ll need to block off more time to complete them. The tracks typically take one to three months to complete, assuming you have around ten hours per week to devote to completing your course assignments.
If you’re looking for something you can take as a smaller commitment, Udemy might be a better solution. For thoroughness, however, Udacity’s course structure operates more like a traditional higher education class.
The proof Udacity is a quality platform for professionals looking to further their careers is all over the internet. Here’s what happy Udacity customers have to say about the experiences and value they’ve gotten from taking Udacity’s nano-degree tracks.
These reviews come from all over and note Udacity’s track record for ease of use and guidance within the platform. The hands-on approach seems to work well with most learners.
Let’s take a look at a few of Udacity’s biggest competitors to see the differences. You may find one of these fits your unique learning needs a little more closely.
Udemy’s primary focus is on a wide range of single courses designed to teach you whatever you’ve wanted to learn. The format, cost, and delivery of these courses can vary wildly, but there’s really nothing you’d like to know that isn’t available with Udemy.
The upfront investment is much smaller, but you don’t get the same hands-on approach that you would with many of Udacity’s nano-degrees. Plus, Udemy’s courses are designed to target a wide variety of subjects; putting them together in a logical track is more your job than the platform’s.
Wide range of subjects
Lower entry investments including many more free courses
Once you purchase, you have the course no matter what
Treehouse is a unique tech-focused platform designed to bring more general coding and development skills to your door. It provides a subscription-based model, $19.99 per month after a seven-day free trial.
Treehouse is a self-paced option with no portfolio choices like Udacity, but you can receive feedback for a certain number of course projects per month. It’s geared towards beginners in the tech field and allows you to work at your own pace on as many courses as you like.
Monthly subscription model
General coding and introduction courses
Deep development skills (think AI or data engineering)
If you’ve ever wanted to learn multiple coding languages and play around with their capability, Codecademy is a dream come true. This option is mostly free, allowing you to run through tutorials, whether you’re a beginner or picking up your next coding language.
The pro option provides a more tailored experience with feedback and course tracks, but none of that is necessary if you’re just learning. You could spend years on Codecademy and never need more than the free account.
Tutorials 12 common programming languages
Robust free account
Optional pro account for customization
Tracks for deep, cutting edge programming
More robust mentorship options
Udacity offers a wonderfully tailored program for people seeking something more than just one-off courses but not ready or willing to pursue full-time graduate work. You can learn a variety of cutting edge tech tracks, including things many high demand subjects.
The clear and precise degree tracks make this a go-to platform for anyone looking for official certification portfolios to send to potential employers or to advance careers within a current workplace. Although the cost is higher than some online platforms, it’s well within reach compared to graduate degree tracks.
Use Udacity to advance your career in cutting edge topics or to build skills in business. The platform will help see you through.
Best social distancing activities to keep yourself in the right state of mind.
Social distancing is a term that many people have come to know and understand more and more throughout the past couple of weeks because of the dangerous and deadly coronavirus. It has many people confused, scared, and unsure of how to behave and act. Of course, they have to keep six feet apart from each other. When they go to the grocery store, they have to stand in line with that same distance. It is causing a tremendous amount of uncertainty for people out there. They are wondering if this is going to be the new normal and how long they will be able to keep it up. They want to interact and connect with people. However, as with anything in life, it is important to adapt to the situation and make the most out of it. No one likes what is going on right now as it is causing disconnect between human beings. When they are around each other, they are scared to get too close or approach their fellow men and women. As mentioned, it is important to adapt and roll with the punches. Your mental health is just as important as your physical health. Because of this, you have to make sure you are feeling positive in your mindset to charter the water of these unprecedented times. It is why you need to come up with fun and creative social distancing activities to keep yourself in the right state of mind.
7 Social Distancing Activities To Improve Mental Health
1 Pick up a good book
While you might have to practice social distancing at the moment, you can always pick up a good book to get you through these challenging times. When you are invested in a book, you completely forget about all of your worries, troubles, and fears when it comes to the coronavirus. You are lost in it and captivated in the characters and their various plights. If you have been putting off reading, you owe it to yourself and your mental health to pick up a number of books, as there is no telling how long many stay-at-home orders will be in place.
2 Get lost in the magic of movies
Do you love movies? If so, there is no time like the present to get lost in the magic of the cinema. There are plenty of streaming services out there. Many of them are offering 30-day free trials to help those that are stuck inside because of the coronavirus. Much like books, there might be a show out there you have always wanted to binge-watch. Now, you have all of this free time on your hands to watch as many episodes of the show as possible. Once again, this is about the state of your mental health. If you can’t be around people, you have to keep your brain sharp and you have to stay involved in as many activities, hobbies, and interests as possible. The world is your oyster indoors despite what is happening outside.
3 Call up an old friend
You can also call up an old friend. If you or your friend don’t feel comfortable meeting in person, there is no reason why you can’t get together over the phone with FaceTime and catch up on life. This might be a friend you have wanted to reconnect with for a long time, but because life has gotten in the way, you have lost in touch. Now, it is time to change that. When you pick up the phone and talk to them, you will find out all they have been up to over the past couple of years. You never know, your friendship might blossom once again after all of this is said and done.
4 Go out and exercise
Just because you have to practice social distancing, it doesn’t mean your physical fitness has to fall by the wayside. You are still allowed to go outside and exercise. This helps tremendously with mental health. A lot of people are feeling cooped up in the house because of the stay-at-home order, which is causing them to go stir-crazy. As long as you have a path where there are not a lot of people and you have a safe distance from one another, there is no reason why you can’t go for a short daily walk, weather permitting. Activity is the best thing for someone that suffers from mental health issues. It allows them to feel free, happy, and energized. Many people are confused by what they can and can’t do during these times. They can talk a walk, as long as they exercise caution.
5 Pick up new hobbies
A lot of people are picking up new hobbies during this time. People are learning how to knit or crochet for example. It might have been something they have been wanting to do for years and years, but they haven’t had the time. Now, they have nothing but time on their hands. Because they have this time, they can watch YouTube videos on how to make something from scratch. The thing to realize is that you are stronger than you know. While this is testing a lot of people across the world, they are learning they can get through it if they really put their mind to it and focus on other things. The last thing someone wants to do is focus their energy on what they can’t control. They simply need to focus on what they can handle and what is possible. There is no use trying to make the impossible, possible.
6 Discover yourself
Do you have a lot of racing thoughts? Do you have a lot of worries and fears? If so, now is the time to put them down on paper and get them out there. After all of this is said and done and things return to normal, it will be a useful tool to look back on what what was on your mind. You will learn a lot about yourself. Moving forward, you will learn how to cope with stress and uncertainty when it hits again in the future. While this is a once-in-a-lifetime type situation, there is plenty to be discover about yourself along the way.
7 Spend more time with your pets
If you are busy most of your life because of your job and your responsibilities, you might have neglected the furry creatures in your life. However, all of that can change right now by spending more time with your pets. If you pet your cat early and often, it will really help take care of your stress. It will also help strengthen your bond with your pet as well. The benefits are endless when it comes to spending time with your animal or animals, if you have multiple pets. They are here for you, and they can pick up on your stress. They want to help you deal with it in a healthy way.
While these social distancing activities tips are helpful and very useful, if you have tips you would like to share with us, comment below. We are all in this together and it is important to remember that. A lot of people are struggling right now. It is OK to ask for help and share those fears and concerns. You will realize you are not alone. You will also realize there are social distancing activities you can do to help combat this crazy time in our lives. You just have to ask for help and be willing to adjust your life a little bit.
Apply these helpful tips on setting up an online business and make profitable strides.
Often times, starting an online business to work from home is something that may seem like a pipe dream to many beginners trying to branch out into making money online. There are indeed many subtleties to the process, but the rewards reaped from your efforts are worth the time and money invested into each particular niche.
The benefits include the freedom of making money at any time from any place, and in many cases you can exceed what normally would be paid out for a traditional nine to five. Being your own boss comes with great responsibility, but the freedom that comes with it can’t be beaten.
With the large amount of information on the internet it can be overwhelming to say the least. Most people in this day and age have some semblance of computer knowledge, but there are many different categories that an online business can entail. One of the hardest aspects of getting the ball rolling is this sheer amount of information, and this includes the misinformation that stands in the way of true progress when developing strategies and making good decisions.
One of the most important rules regarding starting an affiliate marketing business is that it is just like starting any other business, requiring hard work and dedication to the craft to see results.
Narrowing down the correct tips on how to start an online source of income with consistency can be a tricky task. Luckily, there are resources to help get any person on their way to implementing successful affiliate marketing through avoidance of mistakes, and applying simple common sense to each particular situation.
This is an exceptionally important concept because in the end, you’re ultimately working with people in one way or another, just through a screen. There are some jobs that don’t require much communication, and other online businesses such as teaching that rely on high quality direct video communication. Others like content creators on Youtube have an indirect connection with their audience, but still a personal connection nonetheless. No matter which type of business you choose to start, it’s imperative to be genuine and authentic no matter what activity is being carried out. Let each aspect of your brand and personality shine for those you’re selling to and doing business with. Image within the context of an affiliate marketing business cannot be stressed enough, and paying close attention to what is true to your company and the personality of the brand is very important when doing business. Some people can be introverts and don’t talk much to others, and this is fine. However, there are still some things that need to be taken into account such as advertising and how you present yourself to the general public.
2. Exceed expectations
Nowadays, it can be exceedingly competitive in the grand scheme of things, and this will probably become more prominent over the coming years. With competition at every corner, exceeding the expectations of customers and the overall market can be difficult to say the least. This is why it’s important to have the ability and knowledge to get results that will blow people out of the water with whatever service that’s being provided. There are always new and innovative ways to ensure that things are fresh and inviting, over delivering the most important aspects of whatever niche chosen. First impressions are everything in the business world, and this translates seamlessly into the cyber world. Really giving the customer a memorable experience while showcasing your skills is important for future interactions, and many customers choose within minutes whether or not they will return for any service. Each person has the capacity to critically evaluate the quality of the service given, and make their decision on the basis of their experience. It’s important to make the brand look very professional.
3. Serve your products, don’t sell them
Often times, it can be easy to fall into the habit of only wanting to sell your product and make a profit. Many fall into this mental trap, especially those who are beginning to grow their business and see profits. Worrying about making money seems like a logical thing to be concerned about. However, the real business comes when your service is truly a useful and effective one that is a reliable brand. This will generate a natural flow of revenue for whatever you provide the community, and people will sense and experience the quality of your service and come back for more. When a business is over concerned with selling their products and making the money, they tend to lose sight of the fact that they are in place to give a useful service to meet the needs of others in a kind and humble way. When thinking about the way things used to be when there were more smaller businesses and people operated by trade, it’s important to take away from that the times when there was more passion in business. The pursuit of the well-being of others through providing supply to meet the demand in an honest and affordable way is the heart of good business.
4. Meeting customers at their location
For some it may be hard to accept, but social media is one of the staples of the future of marketing. Meeting your customers where they congregate every day is important and includes online and offline advertising. When providing a service, it’s important to put emphasis on the importance of convenience. Everything is generally moving to the cyber world, and with good reason. It’s reliable, fast, effective and generates multiple streams of income. Touching base with them on their social media platforms is a powerful tool that all professional online businesses are well aware of. Using these resources will allow for fast and lucrative communication between any business and it’s customers.
5. Gratitude is the golden standard
Without having the proper customers who love the services your online company provides, it’s impossible to have a business in the first place. Those who seek out your brand aren’t just a number to be computed in a statistic chart for monthly sales calculation. No, they are much more than that, being people that care enough to spend their hard earned money on the service provided. This act is powerful, and what happens to the future of any online business depends solely on the customer stream generated. If you are engaging, kind and have high amounts of genuine gratitude, then the customer base will fall naturally into your lap. Great products are also a requirement for having loyal customers. They can sense the value of products, and know the difference between low and high quality.
There are many helpful tips to propel any prospective business to the sky of possibilities. It’s important to take careful consideration for any product made, and give high quality service and social interaction to the market you seek to fill. The golden standard of the industry is treating all business interactions with tender care, promoting with flexibility and longevity.