Posts Tagged ‘Getting Started’
The Billion-Dollar Idea Fallacy
What is wrong, you ask, with thinking your business idea is worth a billion dollar idea? That you have the next unicorn? Nothing… Nothing. That’s a dream. We all dream. We dream of writing a great novel, being a pro athlete, being a movie star, or being Steve Jobs, Bill Gates, Mark Zuckerberg. The younger…
Read More10 Mindset Checks Before You Start a New Business
Making the decision to start your own business is a major commitment, with huge implications for skills and lifestyle. Yet there is no standardized testing or certification required or available anywhere to help you decide if you are a good fit for entrepreneurship, or founding a business is right for you. An MBA or other…
Read MoreMillennials and Franchises: What You Need to Know
Forget Baby Boomers. The demographic that is quickly forging its own path in the franchise world? Millennials. Millennials, aged 18-34, now outrank the number of Boomers on the planet. And their numbers are turning up in an interesting place: as franchisees. We’re seeing an increase in the number of franchises run by Millennials, and it’s nothing…
Read MoreSmall Business and Entrepreneurship: Where Do You Stand?
There are areas where small business and entrepreneurship cross over, but there are other areas where they diverge. If you are going into business for yourself, or if you already own a small business, it’s important to know where you stand on this topic. Put simply, virtually every entrepreneur starts as a small business owner.…
Read More4 Ideas to Help Your Business Hit the Ground Running
Before opening a new business, you might hear about other companies that failed within the first few years of operation. The reason those companies fail is because the owners were not fully prepared for the future. They tried to grow too large too quickly and hired the wrong people, but you can hit the ground…
Read MoreEncore Entrepreneur is the New Baby Boomer Lifestyle
Contrary to what you might guess, the highest rate of entrepreneurial growth over the last few years is not Gen-Y upstarts, but Boomers over the age of 50, now called encore entrepreneurs. In fact, according to the most recent Index of Startup Activity by the Kauffman Foundation and recent SBA reports, these Baby Boomers are actually driving a…
Read MoreFamily-Run Franchises: Are They Right for You?
If you’re close to your family, it might seem a natural extension of your personal relationship to move into a business one. Many families choose to go into the franchise business together, to varying degrees of success. Here’s what you should consider before mixing business with pleasure in your family. Are You Able to Separate…
Read MoreNew Biz Whiz: 4 Keys to a Successful Business Startup
A successful startup begins and ends with the leadership at the helm. There are common traits and practices that have proven to be instrumental in helping a business grow. Entrepreneurs have cited these factors as having the greatest impact on the success of their business. Importance of business networking Networking is one of the most…
Read MoreThinking of Starting a Business? Don’t Rely Too Much on the Advice of Others
Everyone has advice. Sometimes it is good advice, sometimes not so much. Advice can be a great thing in many aspects of life, including starting a business. The problem is, not all businesses are the same, so there is no real cookie cutter advice. How do you know whether to take it or leave it?…
Read MoreHalf of New Businesses Don’t Survive the First 5 Years: Don’t Be One of Them
At one time or another, most of us have thought about starting a business. The temptation of being your own boss, making your own schedules, and working for your own company can sometimes be irresistible. However, launching a new business can be a risky proposition. According to research by the Small Business Administration, only half…
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