10 Mistakes Big Businesses Make with Small Business Owners
For several decades now I’ve been back and forth between working on and building my own business, helping others build theirs, helping people manage small business, and, occasionally, helping larger businesses understand and presumably sell to smaller businesses.
Don’t Let Investors Conclude Your Startup is a Hobby
Even when your startup is a one-man show and lots of fun, a “business” needs some discipline and controls to keep it from being defined as a hobby by investors, and assure some financial return.
Starting a Business on a Shoestring
While it’s true that most new companies require some degree of startup capital to help get them off the ground, many businesses are surprisingly cheap to open. There are several ways to keep initial costs low when starting a business.
S Corporation: What Are the Benefits?
An S Corporation or S Corp is an eligible domestic corporation that has elected to be treated as an S Corporation for tax purposes. S Corporations avoid double taxation on corporate income.
What Do Franchise Turnover Rates Mean?
Item #20 of the Franchise Disclosure Document gives the FTR percentage, or Franchise Turnover Rate. This item can really bring up the problem some statisticians call the Memorial Day issue: looking at a number out of context doesn’t tell you much.
Why Parents Make Great Entrepreneurs
Starting and growing a business presents many of the same challenges as raising a family, and many of the same skills and attributes come into play in both pursuits. In fact, we firmly believe that parents are uniquely suited to be entrepreneurs.
A Small Business vs. a Startup: What’s the Difference?
Self-motivated entrepreneurs toss around a variety of words. Two of these highly popular terms include “small business” and “startup.” While they can refer to similar entrepreneurial endeavors in some cases, they are quite different from a broader perspective.
Intent Marketing for Franchises
What if you said, “I could use a cup of coffee!” and someone immediately brought you a cup? That’s pretty much what one licensed franchisor of Dunkin’ Donuts locations in Arizona did.
How to Open Your Own Cafe or Coffee Shop
We have seen a dynamic change on Main Street over the past two years, with retail clothing giants replaced by boutique and independent coffee shops and cafés that mimic those of Italy and France.
Individuals in Small Business: America’s Backbone and Hope
It’s an enduring principle that small businesses are the backbone of the American economy. They are an expression of a core American ideal of independence and ingenuity, growing out of the pioneer spirit that built the nation.
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