Starting your own business can be an incredibly rewarding experience, but it's important to remember that it's not always going to be easy. There are a lot of things you need to do in order to make your business successful, and if you're not prepared for it then you're likely to fail. In this blog post, we will discuss the five essential steps you need to take on how to start a … [Read more...]
According to the Small Business Administration (SBA), about 90% of new businesses fail within the first year. These figures show how difficult it is to set up a business from scratch. However, whether you decide to start your own company or purchase an existing one, each alternative has its own set of advantages and disadvantages. There are a number of factors that you … [Read more...]
You’ve done the research, and now you’re ready to take the first steps to start a direct selling business. The idea is becoming more mainstream as the industry experiences year-over-year growth, and there are more reputable companies than ever to partner with as you fulfill your vision of success. Many opportunities exist to build your brand in a way that suits your … [Read more...]
Are you excited about becoming an entrepreneur but a bit hesitant about some of the risks and potential pitfalls? Everyone has doubts before beginning a new venture. Fortunately, the standard errors and hazards of opening a business are known dangers, which means you can usually avoid them if you know in advance what they are. The most common trap people fall into is not … [Read more...]
Take the headache out of starting a new manufacturing business by adopting a rational approach to your planning phase. Starting any new business is usually a daunting task at first, it gets easier and more comfortable once you get to know the ins and outs of how it will all fit together in a bigger picture. Follow these five tips for starting a manufacturing business, you … [Read more...]
The enthusiasm for entrepreneurship has always been very high in the USA. This is due to the numerous possibilities and the low entry threshold and little bureaucracy compared to other countries. A study by UPS Inside Small Business Survey found that around 66% of Americans dream of starting a business. Just 3 years later, in 2021, they asked the same question. This time, 80% … [Read more...]
Students and aspiring entrepreneurs often ask me whether it’s better to start a business from scratch or to buy an existing one. My answer is always “Both!” As a business owner, I’ve launched companies both ways — and many other ways in between — over the years. Let’s examine how to initiate business ownership so that you can learn from my experience and make better … [Read more...]
Running a new business often seems exciting but sustaining a profitable business is not an easy feat. Whether you’ve quit your 9-5 to become a freelancer, set up your own online store, or start a service-based business, in this article we will provide tips that will help make your new venture, however big or small, a success. Choosing a payment option suited to your … [Read more...]
The pandemic has left many of us with more questions than answers. When will the coronavirus (or the vaccine) be so far in the past that they are no longer part of our daily discussion? When will supply issues created by COVID problems begin to cease, making it easier to find the products we want and need…preferably at an affordable price? As a solopreneur, I also have … [Read more...]
In today’s economy many of us are seeking ways to become more financially independent. For some of us, this means being involved in the gig economy but for others of us, this means starting our own small business. It is always nice when we have extra money coming into our pockets while being able to maintain a work life balance. As a small business owner, we choose when and … [Read more...]
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