Retail space... expensive equipment... unanticipated extra costs... these can be significant costs of running a small business. Reducing expenses help maximize the bottom line. Here are some tips on how to reduce the start-up costs of your small business.
If you are starting a business venture, pull out the cape and the superhero costume, because there are ways that you can successfully start up a business and spend quality time with your family.
The franchise industry is showing signs of economic recovery after the global financial crisis in 2008. Recent statistics from the International Franchise Association reveal that the industry showed healthy signs of growth in 2012, especially in the food service, hospitality, and construction sectors.
So you've created your very first business but you're struggling to find customers? It's a really common problem. Don't worry though; there are hundreds of marketing channels out there that will drive customers straight to your door!
Home-based franchises have some real advantages. If you go with a home-based franchise opportunity, you don't have to rent an office, commute, or deal with all the myriad issues that go with a business location.
My immediate family members were entrepreneurs from as far back as I can trace. So it seemed perfectly natural that my brother and I find our separate callings as entrepreneurs from the very start.
If you are considering starting up your own small business, getting well-grounded advice from experienced people can be profitable. That's where an incubator comes in.
It is easy to see why getting franchise loans may be somewhat easier than gaining financing for other types of small businesses. Franchises, to some degree, come with their own set of marketing research and sort of a ready-made business plan that takes a lot of work out of the business owner's hand. It also mitigates a lot of risk for the lenders.
Launching a new business venture can be exciting—and more than a little exhausting. Follow these eight startup steps to help make sure you're as prepared as possible:
For the small business owner, there's typically little separation between business and personal. You bring your work home (or you may even work from home). You've probably invested your own money in the business, or skipped a pay check or two to keep the business going.