More and more entrepreneurs start small businesses, but many don’t consider buying them. Buying a small business can be a smart way for a new entrepreneur to get into business. Buying a business gives you immediate customer base and an existing brand. It also protects your investment from mistakes often made by entrepreneurs in the start-up stage. Just like a ... Read More »
Everyone will advise you not to mix business with pleasure. Have you ever asked yourself why? Numerous entrepreneurs accept this norm without questioning themselves why they should do it. In order to be a successful entrepreneur, you need to have freedom. You need to be free to follow your beliefs and to spend your time in the way you want. ... Read More »
Retail or shopping bags are an important tool for any small retail business. Every business needs a practical way for its customers to carry purchases home. However, a well thought out bag can be so much more. It can enhance a brand or serve as free advertising for a store. A poorly designed one can inconvenience customers, or even risk ... Read More »
Business planning is the most crucial part of becoming an entrepreneur. In order to start your own business, you need to have a guide for yourself to follow. That is where the business plan comes in. Creating your own business plan is no easy feat, however. That is why there are so many business plan builders available to help entrepreneurs ... Read More »
A third of American adults report that they get less than the recommended amount of sleep, according to data from the CDC. Sleep is essential for optimum brain function, including in concentration, productivity, cognition and performance, which means that not only is it important for individuals; it’s important for business. Nothing’s going to change the importance of a steady supply ... Read More »
The e-commerce industry is booming and most businesses want to be able to sell their digital goods on their own platform. For business owners who sell and distribute digital goods, it’s important to use your own platform rather than mass distributors such Amazon or EBay. Additionally, when selling digital products on your own platform, the platform should be designed properly, ... Read More »
Product liability insurance is essential for any firm producing consumer products. The laws on product liability make it clear that each manufacturer bears “strict liability” for the products they bring to market. As the owner of a manufacturing business, you are liable for all damages your products cause, even if you’re not responsible for what happened. Product insurance can effectively ... Read More »
One of the main reasons why a limited liability company (LLC) is a desirable business structure is clearly because it “limits liability;” but in what way and to what extent does it limit it? Understanding the answer to this question will be a big factor in determining whether you want to upgrade your sole proprietorship to an LLC. There are ... Read More »
A great way for a company to increase its sales is through complementary products. These are products that enhance or play an essential role in a primary product. For example, razor blades are a complementary product to a shaving razor. However, this sort of cross-selling can often backfire if not done right. Any business team developing a complementary product plan ... Read More »
It is a common misconception that investing in business has impossible upfront rates. There are many businesses and franchises that you can invest in for under $10,000 without having to learn how to invent something. 10k is considered a relatively minor business investment. But, it can give you the start you need to jump into the investing game. Here is ... Read More »
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