When it come to small businesses, the name of a company can make or break your organization. A company’s name should convey the expertise as well as the uniqueness of your product or service. It is surprising how much time and effort it can take to come up with a name. It may seem like a trivial detail, but a… Read more →
Nearly all startups struggle to get funding. There are a number of obstacles that startups can face, and many of these difficulties are specific to particular startups. But funding is an obstacle all around. When entrepreneurs struggle to get funding for their startups, it is easy for them to feel defeated. But getting investors doesn’t have to be impossible.… Read more →
Many people with good ideas have businesses that fail simply because they choose the wrong legal structure. Choosing a right legal structure is one of the most important decisions you can make in a company. This decision affects how much you pay in taxes, as well as the amount of paperwork your business will need to do. It also… Read more →
Believe it or not, many reputable financial institutions debate the necessity of MBA’s for business success. This causes many aspiring entrepreneurs to question whether or not they want to put in the time, effort and finances it takes to obtain one. The point of these posts will be to look at the pros and cons of the MBA, helping those… Read more →
On a recent episode of Shark Tank, a young man presented a pitch for a company he owns. The company provides in depth sat preparation with techniques that were built around the young man’s own SAT experience. The first time he took the test, he got a very average score. The second time around, he scored perfectly. This… Read more →
Each year, Forbes publishes a list of the world’s billionaires. In 2016, this list comprised 1,810 people. What is interesting to see is all the international billionaires on the list. Here are a few of them. Bernie Ecclestone Bernie Ecclestone the chief executive for Formula 1. Hailing from Suffolk, England, he oversees the prominent racing series. Born the son… Read more →
Every business must start with the strongest of documents: a solid business plan. A business plan is crucial to success because it lays the foundation for the businesses practices, procedures, vision for the future and financial sustainability. Any business that does not have a business plan is more likely to experience rocky and troubling times, versus a business that is… Read more →
There are a ton of reading lists for entrepreneurs on the internet. Many of them deal with topics ranging from vision and spirit to marketing and wealth management. All of these lists claim to be the best and most influential, although many of the titles overlap. The practice of reading essential for the successful entrepreneur. That is why these lists… Read more →
A successful entrepreneur is a multi faceted individual. In part 1 of this two part post, we introduced some of the characteristics that make an entrepreneur successful. Here in part 2, we will continue that discussion with some more of the personality traits that do the same. 1. Master the art of negotiations. Successful entrepreneurs are master negotiators. They know… Read more →
Finding the funding necessary for new businesses can be a daunting task. Obtaining capital for a venture is one of the biggest challenges that startups have. This is where the practice of crowdfunding can be a huge help to small businesses. Fundable describes crowdfunding this way: Crowdfunding is a method of raising capital through the collective effort of friends, family,… Read more →