How to price your product or service is a critical decision that your small business must make and will directly determine your ability to succeed in an uncertain economic environment.
If you’re anything like most entrepreneurs, you love the idea of the startup. It’s always an exciting time to be in the startup phase of a new business. However, this can also be a very volatile time, as it really matters how you make use of your resources.
During the startup phase of your business, you are likely equipped with a very limited supply of resources, and it is a critical to be aware of how you spend your money.
Your ideas can be as valuable to you as your physical property and protecting them should be something every business owner, inventor, or entrepreneur takes into consideration. Before you pitch your idea, there are some things to keep in mind about protecting your creativity.
When you're solving your own problem or one that you feel is the pain point of a certain target audience, how do you know whether there is a large enough pool of people that face the same problems or challenges that you are trying to solve?
This post is going to talk about the journey of a solopreneur, Bjorn Forsberg, who successfully launched a Shopify product, OrderlyPrint, while continuing his day job. There are some interesting lessons from his journey that contradict a lot of what you read about entrepreneurship.
Many people are tired of the chain pharmacies and want more of a personal feeling. With a small, independent pharmacy business, the pharmacists can get to know their clients, and the clients can feel a bit more confident that they are being taken care of. So how does someone start a pharmacy business?
For the serial entrepreneur, it's hard to know whether to bring back the same team or start fresh for your second or third company. If you're building a team the second or third time around, here are some questions to ask before you start calling the original team back to action.
If you've been thinking about pursuing your very own startup business, there are a few considerations that you'll want to keep top of mind. Although these components are not the most exciting aspects of planning a startup, they are essential to ensure the future success and sustainability of your business.
Unfortunately, the death knell for many wide-eyed entrepreneurs is that they consider themselves inventors. More specifically, they confuse being inventive with being innovative. And when they do, they run out of cash, time and customers. In other words, they run out of business.