Planning to start a business because you are an expert in the field is a likely road to profits. You can even create a new corporation as a part-time home-based business based upon your expertise. A popular avenue for this is to teach other people about a subject you’ve mastered.
Anybody watching movies like Back to the Future, Star Trek, or other future based movies are taken by the creators’ visions of what the future will look like. One of the most out of this world depictions in these movies are how people seem to no longer travel on land in the future but instead, […]
We live in a litigation friendly country and because there are a so many people who use the legal system as a means to profit instead of recover, it is important that the new entrepreneur be cognizant of all state and federal laws when forming an LLC. Here are five legal pitfalls to avoid when […]
The founders of PlotWatt started a business to solve a common frustrating situation. By winning the GE Ecomagination Challenge, the company has received a $100,000 grant. The recognition also attracted $1,000,000 of venture capital funding.
Every new business has a different story to tell when attracting angel investors. There’s no magic formula to assure raising capital when starting a corporation. But there are some common factors that are always in the forefront of angel investor assessment.
It’s an awfully big undertaking to go in to alone. In fact, most entrepreneurs open the doors of their business with product or service knowledge but what they lack is the knowledge to run a business. They might be master plumbers but don’t know how to market the business. They may be computer geniuses but […]
Starting your own corporation doesn’t have to involve beginning a new business. By using your corporation as a vehicle to buy an existing business, you can avoid several risks. An existing business already has a proven market, customer base, location, and reputation. Your corporation can purchase all of those things from the current business operator.
There are numerous reasons to form an LLC or other type of business but there are also reasons that starting a full time business may be a bad idea. We’ve compiled 5 of the wrong reasons to start a business and some alternatives to help you test the waters before going full time.