Starting A Business

The Hidden Benefits of Business Failure

We put big stakes on winning in our culture. “Losers” aren’t respected; they failed, after all. In some circles, failure is such a sin that it dwarfs anything else about “the loser”—any good they might have done, or smart moves they might have made. Even if we don’t think of failure as if it was […]

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Veteran Business Owners: Help Is Out There

Are you a military veteran who owns your own business or wants to start one? Are you planning on transitioning out of the military soon but not sure what road to take after that? Entrepreneurship could be your answer. There are more than 2.5 million U.S. military veteran business owners, the Small Business Administration reports. Fortunately,

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How Do You Know If Your Brand Is Ready for Licensing? Here’s a Checklist

By Marty Brochstein A brand is a funny thing. It doesn’t really “mean” anything until some clever marketer defines it and communicates that meaning to the world at large. And this goes for everything from a movie title to a sports team’s logo to the name of a fashion designer. A few decades ago, the

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5 Reasons Small Businesses Fail—And How to Avoid Those Fatal Pitfalls

What’s your biggest fear? Public speaking? Spiders? Failure? I’d wager failure is pretty high up on the list. Especially if you’re a small business owner. As you know, it’s great to be able to run your own business. But there are responsibilities that go with the freedom. Screw up badly enough, for long enough, and your business will

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Women Entrepreneurs Have Come a Long Way—But There’s Still Room for Improvement

Starting and running more businesses than ever, women business owners worldwide are on the rise, according to the Global Entrepreneurship Monitor (GEM) 2016/17 Women’s Report. The report surveyed women entrepreneurs in 74 global economies to create a snapshot of women’s progress. Here’s some of what the new report found: In the past year, 163 million

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3 Must-Answer Questions to Take Your Prototype to Finished Product

By Bruce Hagenau  There are many articles written about new product development, offering tips on major considerations ranging from patent protection and cost estimating to prototype development and materials (e.g., drawings, cardboard, molded plastic). Yet, beyond the traditional wisdom, there are questions many inventors never ask themselves—and that aren’t often covered in articles about product

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8 Mission-Critical Legal Tasks to Tackle After Incorporating Your Business

Filing your business formation paperwork with the state is a big first step in getting your new business up and running. But that’s just the beginning. After you have officially incorporated your business or formed an LLC (Limited Liability Company), you need to tackle a variety of tasks to make sure your company is legally

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An Accidental Entrepreneur: How I Got Clarity in My Life After Facing the ‘Big C’

It’s Breast Cancer Awareness Month, and I’ve decided to weigh in on this frightening topic and how it intersected with a business idea. Yes, I am talking about being diagnosed with cancer and launching a new business. I never imagined going into business for myself at the age of 52 against all odds. Fresh off

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How to Start a Big-Time Business in a Small Town

By Rieva Lesonsky Do you dream of quitting your corporate job in the big city and moving to a small town to start, say, a charming antiques store, a winery, or an artisanal cheese shop? You’re not alone: For many people who want to become entrepreneurs, starting a business in a small town has a

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3 Ways to Turn Your Expertise Into a Profitable Online Business

Thanks to the power of the internet, practically anyone today can start an online business. However, with so many options on the table, what are the best types of online businesses to start? One of the best ways to get started is to turn your expertise and passion into something of value. And starting an online

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