As a professor of social entrepreneurship and an entrepreneur, people often approach me with all their ideas. They get overwhelmed with how to start choosing their first venture (or second, for that matter). Whether you are new to entrepreneurship or starting another venture, you begin the same way.
When deciding where to locate your startup, there are a number of factors to consider. With no clear right or wrong answer, I’ve put together a list of questions to ask yourself when choosing a location for your startup.
Branding can be a difficult part of building a new business, since most businesses are focusing on every other aspect of their operations. The important thing to remember is that branding is just as much a foundational element of a new business as gaining new customers.
Uncertainty is important, but what it really boils down to is a reduction in the amount of control you feel you need to possess. In other words, if you concentrate on your expertise and the various other things that are crucially important to you (your core values), everything else will come together.
When people find out about the work I do helping small businesses, they often say there are just no more opportunities out there. When I hear this, I try very hard not to laugh, but this statement could not be further from the truth.
Hiring the right employees does not only help mitigate the risk of having to replace them down the road. It fosters a culture of high-level thinking and productivity and serves as the cornerstone of a strong office environment.
Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.