Creating a Plan
7 Reasons You Need to Incorporate Today
Choosing how a business is organized, taxed, and protected is one of the most important first decisions you will make as a new business owner. While most businesses make the decision to incorporate right at…
Top Startup Tips for Entrepreneurial Immigrants
It comes as no surprise to many in the U.S. that growth in the small business market is enhanced by the entrepreneurial drive possessed by many immigrants. In particular, during 2014 immigrants and Latinos provided…
5 Things to Consider When Buying an Existing Business
Buying an existing business is a whole other ball game than starting your own firm. There is an established financial condition, including existing debt. There is an established customer base, location, and business credit score….
6 Ways a Prototype Will Enhance Your Startup Idea
These days, everyone wants to be an entrepreneur, pitching their latest and greatest new idea, and looking for someone to give them money. Angel investors, like me, have long figured out that asking to see…
4 Pitfalls Successful Startups Must Avoid
Starting up a company is inevitably going to be a stern challenge and a steep learning curve, whatever your goals are or what your role in the process happens to be. As well as a…
Understanding the Difference Between an LLC and an S Corp
You have many options when it comes to choosing a structure for your business. Two of the most popular options include the limited liability company (LLC) and the S Corporation (S Corp). These two business…
Think the Economy’s Headed South? 10 Recession-Proof Small Businesses
I don’t like to be an alarmist, but I continue to believe that we live in very unsettled economic times. There are some major unknowns that could push the economy south quickly and in a…
No Blunders! Avoid These 5 Startup Mistakes
Why do startups fail? Is there a recipe for success for your new and exciting business venture? Unfortunately the answer is no. There is no way to guarantee success in your new business. While there may…
A Checklist to Find the Startup Partner of Your Dreams
As an advisor to startups, I often get asked what to look for in an ideal co-founder or business partner. My first response is that it’s much like finding that ideal spouse, where chemistry, common…
Why You Should Compete in a Saturated Market
How can you win in a saturated market? This is something I hear a lot about through our social media platforms and through emails from Secret Consulting, a program I created to help mentor aspiring entrepreneurs. Throughout my experience…
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