How are the best business ideas created? Every business success story starts with an idea. The best business ideas are born from the hearts and minds of people just like you and me. Their goal, like yours, is to start up a successful business that would provide them with an opportunity to make a living …
Have a great business idea? Wonderful! You are all set. Actually, that’s not true. The business idea is just the beginning of a very long journey. Having a great business idea does not equate to having a great business. I wish it were that simple, but it is not. Nor does hard work guarantee you …
The right business name could give you a real advantage. Every business has one, yet very few of them have a great business name. If there is one that should keep you up at night, it is the name of your business. Coming up with a name for your business sounds easy. Not if you …
How to skyrocket your business? Start by replacing the old clunky business plan with your own success strategy. It is shorter than a business plan, and it is much simpler too. When you start a business or want to grow your business strategically, you must have a plan. The best business strategy starts with answering a …
What does it take to come up with great business ideas? There has never been a better time to be an entrepreneur. According to the Small Business Administration (SBA), there were 27.9 million small business in the US. Every business starts with an idea, but most ideas, even great business ideas, never turn into a business. …
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Why is forming strategic partnerships the best way to market your business? Marketing can be an extremely painful process – especially if you find yourself spending money on advertising and not seeing any results from your efforts. I can relate to this. I spent a lot of money on marketing and advertising, and time and …
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Why do business plans fail? Business success depends on planning. A common reason for a failing business is a failed business plan. Business plans require discipline, creative thinking, attention to detail and flawless execution. Business plans fail if you have a bad idea Many businesses plans fail because the idea behind the business is flawed. …
“The essence of strategy is choosing what not to do.” ― Michael E. Porter It is important for every company to engage in strategic planning at various stages of the corporate life cycle. This planning involves asking important questions, collecting the correct data to answer those questions, and choosing among good alternatives. Each company will …
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The importance of data can not be understated. It’s incredibly vital for businesses because it helps them optimize their operations and expose variability. How companies obtain, keep, and use data has even become the subject of government inquiries. Companies such as Facebook, Amazon, Uber, and most recently even TikTok have found themselves in the limelight …
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In the early days as an entrepreneur, most people start their first company because they have a great business idea that infects their minds. They get so excited about the idea and the mechanics of how it works that they can’t get it out of their head – and as a new founder, this passion …
Is an LLC the right entity for your business? Learning how to form an LLC is quite an easy task with the proper guidance. A limited liability company, or LLC, combines the benefits of sole proprietorship and partnerships. Additionally, there are significant tax benefits. LLCs also offer limited liability protection that is often superior to …
“Business Lawyer” is considered an umbrella term that covers lawyers specializing in different aspects of business law. If you’re a business owner in need of a lawyer, you’ll benefit from hiring one who can meet your specific requirements. While you’re searching for lawyers who have experience in business law, it pays to learn about the …
