Blog posts tagged with "Startup Business"

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.

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!

Do you have an idea for a food truck, but aren’t sure if you’re ready to hit the road? If so, then this post is for you!

Starting a new business can be extremely exhilarating. Still, for first-time entrepreneurs, that thrill often coincides with fear that their venture will fail. For instance, you might worry about financial burdens, like if you’ll have profitability in the long term, and how much you’ll spend on starting the business. If you’re unfamiliar with start-up costs, they are the expenses you’ll incur prior to your business generating income.

Do you dream of becoming a successful entrepreneur, but still need to finish your college degree? It isn’t too early to start thinking about your career as a small business owner!

There are many factors which lead to the success or failure of a business. Lower customer spending, economic uncertainty, and regulatory burdens can prevent small businesses from thriving. In comparison, affordable office space, favorable taxation, access to additional capital, and a qualified labor force can increase business success.

Whether you’re a recent high school graduate,  a working parent, or simply don’t know what your next move will be, deciding whether you should pursue a college degree can be difficult. Plus, if you have dreams of opening a small business, you might wonder if a college education could make you a better entrepreneur.

According to The National Veterans Opportunity Coalition (TNVOC), veterans who own businesses face two major obstacles; acquiring additional financing and the need for more networking opportunities. Without networking as a veteran, you might find it difficult to acquire sales and collaborations. The benefits of networking include expanded knowledge, improved exposure, and more referrals. By consistently networking, your business will be able to pursue growth faster and more efficiently.

There are two kinds of people in the business world – entrepreneurs and people who have the ability to start a business. The big difference is that an entrepreneur will do a lot more than the latter. An entrepreneur will do their research, and consider all available opportunities making business decisions. In addition, they’ll focus on how to generate the most money, and brainstorm future growth strategies.

Starting your own business is the American Dream for many individuals. These people yearn to be their own bosses, so that they can be in control of their schedule and entitled to the full share of profits for their work.