Undoubtedly, in your first year of business you will make your fair share of mistakes, just like anyone starting a new venture. There are so many valuable pieces of wisdom to learn as an entrepreneur, but here are my big three traits you must have to truly succeed in your business.
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.
We no longer live in a one-career society. In my grandfather’s day, a person often had the same job his whole life. My father had two. I've already made four major career changes and have over 20 years left in the workforce.
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.
The Small Business Administration (SBA) is an independent agency of the government that helps Americans start, build and grow businesses. Although the SBA does not directly offer loans or financing, it does offer SBA-guaranteed loan programs, through lending institutions.
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.
Although it may not be immediately evident, a franchise company is under no obligation to award a franchise to just anyone who can afford the franchise fee.
Is this the year you will finally launch that brilliant new business idea? It's a good time to start—never before has it been easier or cheaper to build your own Web-based business. Technology has come a long way in the last few years in making tools for building sites more accessible to everyone (not just technologists).
A poor business reputation can act as a drag on a company's profits and growth prospects, often without the business owner even knowing it. In contrast, a positive reputation can not only enhance the company's bottom line...
The franchise agreement is the written contract between the franchisor and franchisee. It is the fundamental legal document upon which the franchisor-franchisee relationship is based. The franchise agreement details the conditions that both the franchisee and franchisor must understand and accept.