Blog posts tagged with "Startup Business"

In 2008, Roy Choi sold Asian-infused tacos from his truck in Los Angeles. Although Kogi BBQ wasn’t the first food truck in American history, Choi sparked a movement that’s continuing to thrive today. According to IBISWorld, the food truck industry is worth nearly $1 billion and has grown by 7.3 percent in the past five years. Currently, there are more than 4,000 food trucks in the U.S. with more than 14,000 people employed in the industry.

For many people, running their own business is a dream come true. Due to this, many entrepreneurs ultimately set up a sole proprietorship, which is an unincorporated company owned and operated by one person.

Whether you’re growing your existing business or starting a new venture, access to capital is paramount. According to the Small Business Administration, the average entrepreneur needs $10,000 to start a small business. Plus, if you plan to hire employees as you grow, the amount of funding you’ll need can quickly rise.

Are you interested in starting a successful business? Vending machines aren’t new or revolutionary but starting a vending machine company can be a lucrative opportunity. With little experience or training necessary, anyone can get involved in this industry if they’re willing to put in the time and make the investment.

What could be more satisfying than turning your favorite hobby into a career? If you’re interested in fashion, this could be more attainable than you once thought, especially with the digital overhaul of the fashion industry.

Once you’ve come up with a good idea for a business venture, you’ll need to select a specific business structure to use. While sole proprietorships compose most of new business startups, a significant number of new businesses operate as a partnership.

Wondering if your business needs to register a “Doing Business As” (DBA)? DBAs are usually needed if you intend to conduct business under a name that is different from your personal legal name or the registered name of your company.

“It takes money to make money” is one of the oldest clichés in the business world, but it’s true that most startups require funding to get off the ground. Luckily, there’s currently no shortage of funds, as $84.2 billion of venture capital was poured into startups last year.

Coworking spaces are becoming increasingly popular amongst individuals who work remotely, are self-employed, or are part of a small team. 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 best financial decision for your business!

When you bring a newborn baby home, your time is occupied with caring for their every need. However, as children grow up and become more independent, many stay-at-home moms realize that they have extra time on their hands that they can devote to new ventures. For example, starting a home business is a great way for parents to maintain their childcare responsibilities while contributing to the household finances.