First, a long retirement will be expensive. Starting at age 54 or 55 means that, you could be retired for around 35 years, or more. With this in mind, you should plan for some growth-oriented investing to make sure your portfolio has enough money to meet your needs. Capital gains ...
Simple and clear –A good business concept should be easy to understand and explain to others. Unique –A good business concept should be different from what is already available in the market. Scalable –A good business concept should have the potential to grow and expand over time. Profitable...
The name should be catchy and sound good when you say it out loud You should be able to trademark your name The name should relate somewhat to your product or service’s benefits or features You should be able to get a .com domain for it (more on that next) Your name should be easy...
2. Write a business plan It may seem like a tedious formality towrite a business plan, but you should do it for two reasons: If you plan to seek outside funding, whether from a bank or an investor, they will likely want to review your business plan. ...
Starting a business is a pursuit that appeals to many, but not everyone knows where to start. This guide will walk you through the elements of starting a business and explain what you can expect as you embark on the journey.
Learn how to start an online store in 10 simple steps. From picking a business structure to designing your website, this guide has you covered.
Whether hiring an agency or an employee, you should consider where you most need help. If you’re struggling with marketing a small business, it’s only going to get more challenging as you scale up. Decide what aspects of your business would benefit from expertise you don’t have and loo...
Related: 8 Business Books Every Entrepreneur Should Read Decide on the Business Structure How your business is structured affects everything from taxes to liability issues to funding opportunities. Here are the most common options: Sole proprietorship. This is the simplest business structure, and as ...
Learn how to start an online store in 10 simple steps. From picking a business structure to designing your website, this guide has you covered.
How much does it cost to register a business? The cost of registering a business varies by state and depends on your chosen business structure. Typically, you’ll need to pay state filing fees, which can differ based on whether you’re setting up a sole proprietorship, an LLC, or a corp...