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According to Statista, 22,780 businesses filed for bankruptcy in 2019. Although it's just a bit higher than the number in 2018, it is still alarming. Companies are going bankrupt due to several reasons, like a low percentage of customers or higher material costs. Another reason most businesses are closing is their inability to keep up with trends.
Trends are there to keep business owners on their toes. These innovative ideas are the result of brainstorming ways to eliminate any issues encountered in last year's performance. Here are some of the best business trends set to change anyone's business:
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BOP Insurance is often complicated, but it provides a lot of coverage against any property and liability risks. It’s an excellent policy to have for many businesses, regardless of their size. Here are some reasons why BOP insurance is essential for all types of companies.
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