Startup
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.
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.
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.
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.
Growing Pains: The Top 4 Challenges Small Businesses Face
Running a business is like rowing a boat upstream. Once you stop rowing, you start to slip backwards. When the company is growing, owners have to be rowing furiously to get the next deal, to sign the next contract, to hire the next A player.