From the category archives:
Successful business partnerships are a joy to behold. There are five key factors that you must take into consideration when developing the mindset required for forming effective and successful business partnering arrangements. By failing to manage these factors, you run a high risk of failure.
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The most important thing you can do for your business is to hire the right people. We all know that, but do we all act on that, all the time? Probably not. In my experience as an entrepreneur, it is too easy to focus on the tasks on hand, to worry about the budget, and to not hire when we should. Raising money, building a network and honing your pitch are all essential first steps in starting a business. And all of this work goes down the drain if you hire the wrong people.
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In todays job market, more and more individuals are deciding to start their own small businesses. Small businesses account for forty-five percent of the U.S. private income and employ nearly half of all private sector employees. These businesses are also responsible for providing sixty to eighty percent of new jobs every year. According to the Office of Advocacy, there are currently 26.8 million businesses in the U.S. with small businesses representing 99.9 percent of these businesses. What percentage of small businesses survive after two years?
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When you are new small business owner, you are often uncertain about what to do and what not to do. This article lists nine things that you should avoid when you are first stating out.
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Small business costs are often the reason that many businesses either fail or do not begin in the first place. For some small business owners, the business startup cost can be so intimidating that they lose their dream before they even get started. For other small business owners, small business costs can put a strain on the finances set aside for the business. Between paying employees, stocking inventory and finding the time to manage a business, small business costs can be a good reason for a small business to fail rather quickly. Fortunately, entrepreneurs have access to a number of options to relieve some of the stress of small business costs.
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The complexity of business name ideas reflects a central truth: one of the marks of a successful person is their ability to make the difficult seem easy. Some people believe that choosing a name for your business to be one of the easier parts of starting an enterprise. People who believe that are part of the reason many businesses fail within their first few years. Business names require more than just something trendy that sounds cute on a business card. There are laws, and social psychology that come into play to choosing business name ideas.
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