Imagine you’re an entrepreneur. This means you have a product or service to sell and need to create a company to bring it to market. In the simplest terms there are three options on how to accomplish this structure: Sole Proprietorship—You “hang out your shingle” and open your doors Partnership—You enter into an agreement with […]
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Philanthropy is a great American business tradition. The word itself evokes some of the greatest entrepreneurs the country has seen – Rockefeller, Chuck Feeney, Bill and Melinda Gates. With good reason, philanthropy is seen as a noble cause for companies with large assets. Philanthropy takes many forms and can be a wonderful boost to your […]
The business landscape has always abhorred inertia, but against the increasingly fast-paced technological landscape of the 21st century, it’s more important than ever to embrace technology to ensure success (or even survival) in business. Whether your business has its basis in industry, manufacture, retail, communications or anything inbetween, the prognosis seems increasingly clear… Move with […]
If you’re dreaming of making your entrepreneurial dreams come true, but haven’t managed to figure out how to jump from your current title to business owner, you are not alone. Many entrepreneurs begin their businesses while still employed, and slowly transition into working full time in their own businesses.
Starting a new business is an exciting time in any entrepreneur’s life. However, it can often feel like you’re faced with a huge mountain. Quite frankly, the only way to reach the summit is to take it step by step. This can be said for all areas of business but is especially true when it […]
If you own a small business, you’ve no doubt marveled at successful entrepreneurs. After all, they started from the position you’re in today. Nobody knew who they were in the beginning. Just like you, they hardly had any money in the bank. And before they got big, they didn’t have an internationally recognizable brand.
For years, business experts have been crowing about what a great time it is to start a new company. While this still might be true over the long term, there are plenty of good reasons not to start your own business in 2016. In fact, this might be the first year since the end of […]
According to the U.S. Bureau of Labor Statistics, the 10-year survival rate for small businesses founded in 1998 was about 37 percent. That means that nearly two-thirds of small business owners will experience the failure of the business they’ve worked so hard to nurture. All small business owners will experience some degree of failure in […]