If your business is now open or you are planning to open it soon, you have to form an LLC. Even if your businesses doors are virtual or you think your business is so simple in structure that a formal business designation isn’t necessary, experts will tell you that you’re incorrect.
Starting a new business is less costly today than a decade ago. Technology and rent are less expensive. Many thriving small businesses are home-based. The remaining challenge is the cost of marketing. But even creating brand awareness for a new company is easily achieved on a tight budget.
When you dreamed of starting a business was there a problem you were trying to solve or was your future business startup a franchise or other existing model? According to the Kauffman Foundation, the largest foundation in the world dedicated to supporting entrepreneurial growth, almost half of all business startups are founded by “user entrepreneurs.” […]
Although Amazon.com started as an online bookstore, its expansion into selling so many different types of items has created a marketing channel with room for similar operations. One example is Alice.com, a website that sells only household items.
With the unemployment rate at historically high levels, many Americans are turning to entrepreneurship as a means of replacing lost income but they’re also using their layoff as a reason to follow their dreams of owning their own business. For many, breaking out of their comfort zone of regular income from their employer is difficult […]
When starting a business, successful entrepreneurs remember that people enjoy convenience and comfort. Improving on those qualities in particular ways is certain to attract customers.
In February, the Small Business Administration, the government agency charged with supporting the nation’s entrepreneurs and small business owners, submitted its budget request along with the proposed budget laid out by the Obama Administration. In it, the SBA asked for more money but pledged to cut back on loans to small businesses. This has entrepreneurs […]
Sure, the economy isn’t what it used to be but maybe that isn’t all bad. We’ve heard for far too many years now that the opportunities that Americans once had are either overseas or in the hands of computers and robots but that isn’t entirely true.