According to the U.S. Bureau of Labor Statistics, over 50% of start-up businesses fail within five years. This is a staggering statistic and one that should bring concern to anyone seeking to start a new business venture. An alternative to starting a new business is to purchase an existing …
Strategizing Articles and Interviews (category)
The most successful business owners are always thinking ahead. If you are a new business owner, strategizing about mission statements, corporate culture and business plans are things you would be smart to address early on. More seasoned business owners can benefit from articles on everything from setting client expectations to creating a niche for your small business
4 Professionals Who are Critical to Startup Success
Having a unique product or idea is not the only key to creating a successful startup. It is almost impossible to create a viable business by yourself, so you need to build a team with the right types of professionals. You should find people who will supplement your own skills and knowledge to create …
Understanding ESOPs and How They Can Benefit Small Business Owners
A large, demographic shift is occurring. The baby boomer generation is now experiencing significant wealth accumulation and its inevitable distribution. Many business owners from the "boomer" generation are now in the position to turn over the reins of their businesses to the next generation or to …
Apple’s Mission Statement. Not What You Expected?
Apple is a company like no other. Love ‘em or hate ‘em, Apple has made a permanent impact on society, technology, and business. Nothing can change that. And perhaps their biggest contribution has been how those three sectors merge and interact with one another. After all, we don’t use computers, …
Thinking of Selling a Business? First Think “Pre-Transaction Planning”
Let’s say you have built a successful business over the years and you’re starting to think it’s time to exit. It may seem straightforward – sell the business and enjoy the fruits of your labor! You may be thinking about selling the business yourself. After all, you undoubtedly understand the …
Human Resources: Is It Better to Outsource or Hire In?
Human resource (HR) tasks ranging from recruiting and hiring new employees to handling payroll, benefits, and training for current staff can take a huge chunk out of a small business’ bottom line. In fact, PricewaterhouseCoopers (PwC) reports that, typically, “direct HR costs account for 28% of …
