When it comes to starting a small business, there are a lot of different things you have to account for along the way. Capital, supplies, and paying employees are just the tip of the iceberg. If you’re indeed looking to start up a small business, here are some tips and ideas to get you started on the right path. Funding Your Business Having the money to start a business is … [Read more...]
Launching your own startup requires a lot of things. To succeed in the business world, you'll need an idea that can change the industry, a passion to do something you love, and the commitment to stick to your targets through thick and thin. However, it takes a lot more than the right attitude and mindset to pull your business off the ground. You're also going to need some kind … [Read more...]
It’s easier than ever to start your own business, but unfortunately, it’s equally easy to get in over your head. With wholesale liquidators, e-commerce on the rise, and easy shipping, you can make a go of your own business in 2019. You just have to be smart about it. Nail Down Your Specific Business Idea We all have days when we’re ready to be our own boss, but that’s … [Read more...]
You plucked up the courage, quit your job in a state of rebellion, and have decided to be your own boss in the digital marketing arena – good for you! This kind of courage is more than welcome in the competitive world of startups. However, now is the time to compose your thoughts and focus your efforts on establishing strong foundations to what will hopefully grow to a giant in … [Read more...]
Most entrepreneurs get their enterprises off the ground by financing them with personal funds. Although this is a tried-and-true method, what's not quite as widely known is how it might impact your credit rating. Starting a new business is exciting but also intimidating, especially when it comes to finances. Finding the right mix of capital requires educating yourself on the … [Read more...]
There are several reasons why your business may be classified as a high-risk business. When you, the owner of the business, has a bad credit score, your business will be seen as high-risk. Other reasons include the nature of the business, being in a volatile industry, and the risks faced by the business in its operations. When a business is classified as high-risk, there are … [Read more...]
U.S. military veterans and reservists have developed personal attributes such as determination, adaptability, and a willingness to take calculated risks. They’ve learned and developed these attributes through study, hard work, implementation, and by experience. These attributes are also the characteristics that make for successful entrepreneurs. One key hurdle for veterans … [Read more...]
Lots of hopeful entrepreneurs have an idea that could make a great business, but unfortunately, lack the money needed to get it started. While the logical next step would be to look to banks to launch a business, most new establishments have a hard time getting funds using this route. Banks are often reluctant to lend funds to individuals who have no proven track record of … [Read more...]
You’ve heard the horror stories about recent college graduates. There is an unprecedented amount of student loan debt and despite an improving economy, 10.5 percent of recent grads are unemployed (as compared with 8.4 percent in 2007). As the Economic Policy Institute put it in a May 2015 article, college graduates have been “idled” by the economy. Here is a quote from the … [Read more...]
What does the typical entrepreneur look like? If you are like most people, you probably picture someone in his or her 20s. Maybe someone who is fresh out of college or maybe even still in college. Right? Wrong. According to the 2014 Kauffman Index of Entrepreneurial Activity, the largest age group for entrepreneurs is 45 to 54, and it is growing. In fact, the percentage of … [Read more...]
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