If you are thinking about starting a business, you might be thinking, “Do I really need a business plan?” Although a business plan is important, it’s not a guarantee for success. But, a business plan is definitely a valuable strategic tool for entrepreneurs. Your business can succeed without a plan. It’s not a guarantee for …
Can your business succeed without a business plan? Read More »
Percentage business failures and their causes If you believe the Bureau of Labor Statistics (BLS), about 20% of new businesses fail during their first year of trading. Less than 50% of businesses succeed past the first five years of operation, and by the tenth year in business, about 65% have failed. But not all businesses …
What Percentage of Businesses Fail – Why They Don’t Succeed Read More »
Are you ready to start a business? One of the best ways to ease yourself into entrepreneurship is by starting a part-time or side business. Before I have started a full-time business, I had a side business. I was writing test questions for Microsoft and training materials for Cisco, just to mention a few. It …
You don’t have to be rich to start a business, but you do need capital. Few entrepreneurs are lucky enough to have the amount of money needed to cover all of the expenses of a startup business. If you can’t bootstrap your business, you have to find a way to finance your business. The good news …
How to Find the Right Investor for Your Business Read More »
Do you want to start your own business? If so, you’ll need to do your homework beforehand, because you have a lot of competition. According to the Bureau of Labor Statistics, approximately 800,000 new businesses are launching each year. That’s a lot of competition, so it is important for you to gain a competitive advantage …
Do You Have a Great Business Idea? Are you wondering what you should do to protect it? You’ve been thinking about your business idea for a while now, and now you have some questions. How do you protect your business idea? Who should you talk to? The first thing to understand is this – There is …
Do you think you could succeed in business…if only you had that special something? Everyone who starts a business wants to succeed. Most businesses fail. How do you beat the odds to become a successful entrepreneur? In order to be a successful business owner, you should, first and foremost, enjoy what it is that you …
What is the best time in your life to start a business? Start your business now. Too young? What makes you too young to start a business exactly? Too old? At what age do you become too old to start a business? Too inexperienced, inconsistent, uncommitted, unsettled, too much of a dreamer, not enough of …
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 …
You want the best business entity for your business, right? Congratulations! You’ve created a product or designed a service and are ready to launch your business. Most companies that are formed are classified as either a general partnership with multiple owners or a sole proprietorship with only one owner. While these structures are common, they …
LLC vs. Corporation Which is the Best Entity for Your Business Read More »
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 …
Do you dream of beating the odds and ensuring your startup is a success? When you start a business, you want to succeed, but you know that most businesses fail. Generally, it’s not one giant mistake that kills a startup. Most startups fail for multiple reasons. Unsuccessful entrepreneurs will tell you they failed because…they ran …
17 Reasons Startups Fail and What You Can Do to Beat the Odds Read More »
