Businesses of all types and in all industries face challenges as startups. While some obstacles are out of a business owner’s control, others are avoidable. In the spirit of football season, let’s discuss some of the most common “fumbles” startups face and how to tackle them before they set back your end game. 1. Failure […]
6 Common Business Startup Fumbles and How to Avoid Them Read More »
By Douglas Hoyes Launching your own business is undeniably an exciting but challenging endeavor. You can expect plenty of surprises as you’re starting out, which is why it’s critical to manage your company finances with as much diligence as possible to avoid accumulating more debt than your business can handle. Some debt will actually be
How to Manage Your Small Business Debt Read More »
By Liviu Ungur Let’s say you’ve decided to open a restaurant or a coffee shop. Chances are you’re heading toward disappointment. Six out of 10 restaurant businesses fail to make it past their first year, so you may conclude that this is a gamble. Or is it? What do the other four eateries do differently
Opening a New Restaurant or Café? Here’s How to Beat the Odds and Stay in Business Read More »
By Bruce Hakutizwi Liquor stores can be a very stable option for those looking to acquire a business of their own. But just like any other business, liquor store owners who are more likely to succeed work hard, are dedicated, and have a solid understanding of the business and its potential pitfalls before they jump
Top 6 Things to Know Before Buying a Liquor Store Read More »
By Brian Winch I come from a family of “working poor.” My mom stayed home to raise me and my two brothers, while my father worked as a school janitor. They also rented out the basement suite of our house, mom operated a day care from home, and dad supplemented the family income with odd jobs.
Turning Trash Into Cash: Tips for Starting a Successful Side Hustle Read More »
You’ve been laid off from your job and you’re applying to collect unemployment benefits. But instead of looking for another job, this time you want to finally start a business, like you’ve been dreaming of for years. Can you use your unemployment benefits to finance your startup? Back in 2012, the Department of Labor announced
Can You Start a Business When You’re Collecting Unemployment Benefits? Read More »
You must have a trustworthy business; otherwise, you will drive away current and potential customers. Credibility encourages people to trust your business and your products or services. Credibility increases customer loyalty and sales. But if you don’t know how to show off your credibility or are lacking credibility, you might be in trouble. People may
Boost Your Business’s Credibility to Increase Sales Read More »
The entrepreneurial spirit is alive and well in the United States. Unfortunately, 30 percent of new businesses fail within the first 2 years of launching, 50 percent fail after 5 years, and the number climbs to about 66 percent by the tenth year. Dallas Mavericks owner and mogul Mark Cuban says this is because most
Mark Cuban Reveals the Biggest Mistake New Entrepreneurs Make Read More »
Are you ready to start your own business? Today’s hottest market, seniors, is ready to buy. Trendy millennial and Generation Z consumers, move aside. There’s a new consumer in town (well, actually, an old one): senior citizens. Yes, the demographic incorporating the baby boomers is still a force to be reckoned with. Here’s what you
Hot Market Alert: Start a Senior Business Read More »
By Toby Nwazor When I first read Airbnb’s startup story about how the founders had to create a side hustle to keep their dream alive, it resonated with me. I remember how hard it was when I started my first business. For the first three months, I lived on the little savings I had, but
7 Time-Management Tips for Part-Time Entrepreneurs Read More »
