Of course, these figures don’t apply to the average business. However, they give you a sense of how important employees are to your success. So, before you take that step, audit your team to make sure that they are ready for the challenge. 4. You have the cash to expand. Is cash ...
You’ve got your business idea; now it’s time to start turning it into a reality by planning your business. From choosing your business name to writing your business plan, this stage sets the groundwork for your startup, outlining important business milestones and steps you will need to ta...
In this guide, I’m excited to share with you not just the steps on how to start a business but also the practical wisdom and strategies I’ve gathered along the way. From crystallizing your business idea to navigating registration, launch, and growth phases, I’ll walk you through each ...
This will let you narrow in on one topic at a time, as opposed to tackling something abstract like, “What is wrong within my company?” Opportunities: Think about your business in terms of growth. Consider different ways to expand and tap into new spaces, like running seasonal events, ...
If you have another person going into business with you, you may want to choose this option. You can either choose a limited partnership or a limited liability partnership. Limited partnerships have one partner with all the liability, while limited liability partnerships give a limited amount of ...
Another way to grow your brand is to expand into other markets. That might be finding new audiences within your existing sales markets or selling across borders. Before diving head first into global ecommerce, be sure to do your homework. Each country will have a specific set of regulations....
Business names are registered on a state-by-state basis, so it’s possible that a company in another state could have the same name as yours. This is only concerning if there’s a trademark on the name. Pro tip: If your business name is too similar to someone else’s, it’s time ...
Company description:Expand on some of the most interesting points in your executive summary. What problems does your business solve? What is your team like? What’s your competitive advantage? Your company description will likely overlap with your executive summary to some extent, but you can exp...
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.
Expand Your Business Step 1: Come Up With a Business Idea Every business begins with an idea. If you already have one, congratulations! You can proceed to the next step. If not, you need to start brainstorming. Here are a few tips to come up with a great business idea (Imade a list...