Blog posts tagged with "Startup Business"

6 Effective Tips to Save an Emergency Fund as an Entrepreneur

June 12, 2018
Starting your own business is a risk – but, of course, you know that. Along with leaving behind a steady paycheck, you might have to get small business financing and take on debt to endure startup costs and certifications, plus fund your day-to-day operations, purchase inventory, and pay rent. That doesn’t even account for potential economic or industry volatility – neither of which you can control.

Entity Evaluation – Is Your Corporate Structure Satisfying Your Business’s Needs?

June 08, 2018
In our complex and modern economy, U.S. laws permit numerous ways for business owners to set up their businesses. In this article, we’ll review the most common options for small business owners either looking to start a business or are considering a change of business entity. This list is by no means exclusive, so if you have a business entity structure that works for you, let us know how you’re organized and why you prefer this type of structure!

4 Reasons You Shouldn’t Use Your 401k to Start a Business

May 16, 2018
If you’re thinking about starting a new business, you’re probably considering different ways to secure funding. In order to avoid the costs of a loan from a bank or the Small Business Administration (SBA), many new business owners choose to start their business with whatever wealth they already have.

Pros and Cons of Coworking Spaces

May 15, 2018
Coworking spaces are becoming increasingly popular amongst individuals who work remotely or are self-employed. With more of these spaces popping up in cities nationwide, you’re likely to find one in your area. If you’re considering moving your small business to a coworking space, review our list of the pros and cons of coworking spaces below. Although group work settings aren’t conducive for everyone, it might be the right decision for your business!

Pros and Cons of Opening a Franchise Business

May 10, 2018
There are currently more than 750,000 franchise establishments in the United States. Business owners flock to franchises because of their tried and true business model, and the chance to be part of a recognized brand.

Four Reasons that Businesses Fail and How to Avoid Them

May 09, 2018
According to Forbes, as many as 8 out of 10 businesses fail within the first few years of opening. While this drastic burnout rate shouldn’t deter you from following your entrepreneurial dreams, it’s a clear indicator that business success is never guaranteed.

12 Traits that All Business Owners Should Have

May 08, 2018
With 27.9 million small businesses in the U.S., which means there are just as many (if not more) entrepreneurs who started these companies. Although small businesses come in a variety of sizes, industries, and are based in different geographic areas, there are certain traits that can make an individual a better business owner.

Pros and Cons of Starting a Business with Your Spouse

May 07, 2018
Starting a business with your significant other is the ultimate case of mixing business with pleasure. For some, it’s a recipe for disaster, but others believe that a spouse is the ideal business partner. In this post, we’ll explain some of the pros and cons to consider before starting a business with your spouse.

5 Tips for Opening a Business When You're Over 50

April 09, 2018
Did you know that the average age of a successful startup founder is roughly 40 years old? In addition, according to research from the Kauffman Foundation, founders over the age of 55 are nearly twice as likely to start a high-growth business than those who are 20 to 34 years old. Other research has found that the average age of a founder who leads a company on to a successful exit is 47.

How to Avoid Stress When Opening a New Business

April 06, 2018
As a small business owner who is just beginning an entrepreneurial career, you may not have predicted the amount of stress you’d experience while opening a new venture. While you will never be able to eliminate all the stress associated with starting a business, there are things you can do to help avoid it. In honor of April being Stress Awareness Month, we’ve compiled a list of seven tips to help you lessen stress as you start a new business. Let’s get started!