There are many authors out there who write as a hobby, then there are those who make writing and publishing their full-time career and hope to make a full-time income from it. Many authors think because they work from home, they don't need to really make their writing a "business" so to speak. While that may be true in a sense, there are a few things that you should consider … [Read more...]
Like domestic marriages, business partnerships can start off well, but over time and for a variety of reasons, the parties involved may choose to go their separate ways. This “corporate divorce” typically involves complex financial interests and more often than not, strong emotions. Whether you’re going into business with a spouse, family members, friends or colleagues, it’s … [Read more...]
Patenting is the most important process when it comes to protecting intellectual property. There are people out there that will use your ideas as their own, so having the government protect your rights is essential. Not everyone is familiar with what to do when submitting a patent, so here is a step-by-step guide to get there. Find Out What Can Be Patented There's a large … [Read more...]
Starting your own business is considered by many people to be the definition of self-reliance. I know this was my first impression of what it’s like to be a small business owner. But as time went on and my experience in business grew, it occurred to me this couldn’t be further from the truth. The reality is that businesses, just like individuals, come to depend on a network … [Read more...]
Insolvency in business can happen for several reasons, especially when there is a downturn in the economy. Poor management and fraud are also common factors. Signs that your business is losing ground can be creditors continuing to be unpaid, poor cash flow, and ongoing losses. A company becomes insolvent when it is unable to pay back its debts. There are two ways to … [Read more...]
As your small business grows into something bigger, your ability to manage everything yourself begins to dwindle. It simply becomes too difficult to keep putting on different hats at various parts of the day for 60+ hours a week. At some point you have to admit you need help. But while hiring employees represents a large portion of the solution to this problem, it isn’t the … [Read more...]
It’s important that new business owners take protecting their company seriously. There are plenty of people in the world that take great strides in trying to disable new businesses. It’s your responsibility, as a new business owner, to protect yourself, your company, and your employees from potential harm. Here are four ways you can start working to protect your … [Read more...]
Starting a business is a dream for many people, but it can be hard to find success in markets already spoken for by large companies. In an ever-changing business climate, many small businesses and start-ups are finding their success by offering something new. Pioneering your own field comes with plenty of risk, but if you find success, you may change the game and find … [Read more...]
When Antsy Labs, maker of the Fidget Cube, decided to delay production because of a fault they found in the first few units, they took a massive risk with heavy consequences. Their manufacturer was contracted by another entrepreneur to produce the same design, and that entrepreneur made more than $300,000 on the idea, while Antsy Labs struggled to ship units. One of the … [Read more...]
Owning a venue business opens a door to countless opportunities, but it also requires doing a lot of work, investing large sums of money, and dealing with tedious permits. However, it is also liberating, as you can tweak the space and use it and rent it for an astoundingly diverse range of events as you create new contacts and quality business connections. It is also a … [Read more...]
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