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 …
Starting a Business Articles and Interviews (tag)
How to Start a Direct Selling Business
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 …
Starting a Company? Avoid These Pitfalls
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 …
5 Tips for Starting a Manufacturing Business
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 …
Entrepreneurship in America: How COVID-19 Changed the American Dream
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 …
Breaking into Entrepreneurism: Should You Buy or Build Your First Business?
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 …