Oct 26, 2022
Fintech CEO Daniel Bessmert discusses powerful tech-based strategies for small business success, even during economic downturn
(PRUnderground) October 26th, 2022

With a decline in the stock market, and inflation reaching its highest point since 1981, the current economy is in a significant downturn. 93% of business owners fear that within the coming months, a recession will dawn upon the United States, and according to the economist, Dr. Nouriel Roubini, we’re in for a long and steady one when it arrives. This leaves very little room for small business owners to get the help they need to run and maintain their businesses.
In response to providing small business owners with a scalable tool to combat unforeseen economic shifts, a disruptor in the financial sector was created. This product, “Great Week”, has proven to be a power move in the finance and business management industries. As a tool specifically designed to mitigate the potential risk of business failure, entrepreneurs that operate on different scales of size are noticing lower rates of time and money wasted, a simplified way to manage a team or themselves, and a variety of ways to accept payments while getting paid faster for the work they love doing.
This product is guiding business owners through economic shifts and those who haven’t used the platform yet, are wondering how.
Automation at Its Finest and Most Innovative Peak
Close to 627,000 new businesses are started annually in the United States, however, 1 in every five of them will fail within just 12 months of launch. Without intent, businesses will suffer without the owner(s) having gotten to expand on their portfolio of ideas and the most common cause is difficulty staying ahead of financial operations.
Great Week allows you to automate what you need so that you can focus on what you love. With the platform, your efforts for syncing your Bank Accounts, Sending and chasing invoices, CRM upkeep, and accounting, could virtually be over. These innovative features during a struggling economy could both strengthen the standing of your business and give you peace of mind.
The Tools You Need All in One Place
On a global scale, 305 million companies are formed and there should be emphasis put on the fact that every company doesn’t consist of a complete staff, oftentimes, a company will start with only the owner, leaving every task that sustains the business left up to that one person before they get to the point of outsourcing.
For a new business, you may not want to use your immediate capital to outsource right away and you shouldn’t have to. Instead of having your hands tied, Great Week offers a solution to have all of the tools you need in one place.
Savings on Time and Money Spent
Here’s the truth for business owners; 82% of businesses end up failing. The main reason for this? Poor management of cash flow. As an entrepreneur, what would seem to matter most are the services or products you offer to your customers but what holds the most weight in terms of success are management tactics and how they are implemented.
Chances are, first-time business owners aren’t proficient in every aspect of starting, managing, and sustaining a successful business. This leaves a gap in operational navigation, finance management, and workflow enhancement. Unless you have a multi-disciplinary team with designated roles, chances are you’ll be lacking in one or more of these areas.
Great Week was designed to make the finance management portion of your business simple because your primary concern should be your deliverables and the satisfaction of your customers. Great Week is an innovative platform built with the small business model in mind and what this means is that business owners get access to financial tools in one place without having to go off-platform. This saves time, 50% of your time to be exact and this saves money; 30% of savings to be more specific. What Great Week offers are;
A free checking account for your business; with external account syncing capabilities
Virtual and physical debit cards; for yourself, your team, or certain projects
Automated expense management and bookkeeping
Multiple payment method options; wire transfers, debit and credit cards, and even bitcoin along with web-based payment choices
Everything you need to manage your finances seamlessly will be at your fingertips, no need to outsource financial help or to stress over it yourself. The CEO designed it to be that simple because business owners should have less to worry about, not more.
Simplicity Without Sacrificing Support When You Need It
On average, small business owners are only spending 31.9% of their time working on the things that their business offers. This also includes expansion efforts, strategic planning, and long-term goals. The other 68.1%…..is spent on day-to-day needs such as administration. Thanks to Daniel Bessmert, CEO of Great Week, this can change. To support small businesses during the downturn of the economy, his innovative platform is meant to promote business growth, and to make this possible for the “stretched too thin” entrepreneur, he has made the platform free to try for 60 days.
For business owners that want to get the most out of the work week, Great Week was created.
Meet the CEO:
Daniel Bessmert, a finance industry leader, spent the majority of his career leading a variety of distribution and innovation departments for companies such as PayPal, Visa, and Citibank. After dedicating his career to solving finance operational problems and improving financial workflows, he enhanced his career by branching out and becoming an entrepreneur. Daniel witnessed first-hand the pain points that top-industry companies were facing, so he decided to dedicate the next phase of his career to pursuing expanding on fintech ventures that would benefit small business owners.
This mission stemmed from his personal business endeavors and the experiences that came along with them. After becoming a small business owner himself, he recognized a pain point that not only drained operational reserves and time but took away his focus from what he enjoyed the most….satisfying his clients. With this, Great Week was born, an all-in-one platform for businesses that don’t want to choose between what they have to do and what they want to do.
See the full article on Medium and learn more at https://greatweek.com/.
About Great Week
Great Week is an innovative fintech company focused on providing clients with powerful administration tools.
The post How Small Business Owners Can Get Through the Recession with Innovative Tech (Great Week) first appeared on PRUnderground.
Original Press Release.
Pony.ai’s robotaxi fleet in the pilot zone in Nansha, Guangzhou is now accessible from Amap, the Alibaba-backed online mapping service.
We look at digital banks venturing into P2P lending in Indonesia and TikTok facing scrutiny for harming teens’ mental health.
In the next two years, Apple will focus on developing home hardware and launching a new home operating system called homeOS.
This collaboration allows users from over 10 international payment apps to make transactions with over a million merchants.
Lee Hsien Yang and sister Lee Wei Ling had accused their older brother, then PM Lee Hsien Loong, of attempting to keep the home for political capital.
The panda census methodology is widely seen as flawed, and China keeps the data shrouded in secrecy.
The funding round was led by Gulf Islamic Investments, noted for Shari’ah-compliant investing, which manages assets exceeding US$4.5 billion.
The diplomatic rift has suddenly grown more stark as Canada amplifies its accusations that India is directing lethal operations abroad.
The Singapore-based multicurrency card operator more than doubled revenue to US$30 million for FY 2024.
Many respondents feel foreign countries would come to Singapore’s aid if it were attacked, researchers find.
Khan admitted to lying repeatedly about a false anecdote involving a rape victim, raising questions about her credibility.
This week’s On the Rise looks at a Singaporean firm building small-scale models and the issues workplaces face in adopting AI
Our automated tracker can help you keep an eye on the funding activities of Japan's tech firms as they close in on the billion-dollar mark.
In an interview, East Timor’s president questions why the West wants his country to ‘do the opposite’ of the ‘whole international community’.
This IPO is poised to be the largest in India’s history and the second largest worldwide this year.
Meteorological authorities have warned of more floods that could blanket Kuala Lumpur and heavy rain in the evening.
GAC and Pony.ai have partnered since 2018, following Pony.ai's undisclosed investment in GAC's ride-hailing platform in 2022.
Customers can still scan receipts, make purchases, and convert loyalty points until Sunday.
The home at 38 Oxley Road has been the subject of a bitter family dispute between former Prime Minister Lee Hsien Loong and his two siblings.
The Indonesia-based furniture marketplace grew its revenue in 2023, but so did discounts to customers, which rose over 6x.
The destruction follows North Korea’s accusations of South Korean drones flying over its capital, Pyongyang.
The agreement supports the construction of seven small modular reactors that will produce a combined 500 MW of electricity.
Discussions are in preliminary stages, with officials noting that country-specific caps have gained traction in recent weeks.
Marco Palladino, CTO and co-founder of Kong, shares ways to optimize API infrastructure to thrive in an AI-driven world.
The use of human input raises questions over the capabilities and market readiness of the bot, despite Elon Musk’s enthusiasm.
Fundraising is hard. To make things slightly easier, we've compiled this list of fundraising startups for our subscribers.
The platform has issued over 12 million tickets annually since its 2013 launch.
The platform's user base has grown to 312 million monthly active users, a 20% increase from last year.
Officials are focused on Persian Gulf countries that have a growing appetite for AI data centres and the deep pockets to fund them.
Sirul Azhar Umar fled to Australia after the murder of Altantuya Shaariibuu, who was shot and her body blown up with explosives in 2006.
His successor Prabowo Subianto seems indifferent towards the regional bloc as well – raising concerns about Indonesia’s leadership role.
Above-average rainfall is forecast to sweep Southeast Asia over the coming months, as La Nina conditions bring storms and downpours.
The entry of TikTok Shop, Shein, and Temu is driving Southeast Asia’s cross-border merchants to overhaul their strategies.
The People's Party is less focused on personalities and party-building than on slowly shifting the perceptions of the Thai electorate.
The former World Bank director will become the first person to hold the finance portfolio under three presidential administrations.
Analysts say Russia fears Japan’s growing ties with Nato nations – and is especially concerned about US missile deployments.
Plus, an artist sues to reclaim his work.
Angry at what they view as China’s state-led xenophobia, taught in schools and prevalent online, some people are taking action, even at personal risk.
Pakistani Taliban claimed attack in which militants wearing suicide vests stormed remote police base. Police shot dead all 5 attackers.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.