Length of ownership and founder status influenced what type of advisor was most valued by owners. Overall network breadth, owner demographics, and business characteristics were significantly associated with the nature of advice and support this preferred advisor provided, even after controlling for ...
Free Small Business Advice So many things should be considered in starting your small business. You need to decide whether you would create a sole proprietorship or partnership. In addition, you would need a business plan and a clear communication strategy to impart the right message to your cus...
Filed Under:Business Acquisitions,Self Employed,Small Business,Startups How to Get a Loan to Buy an Existing Business (Detailed) bymarco_terry Buying an established business is often seen as a lower-risk strategy to get into business ownership. Few entrepreneurs can buy a business outright, and...
You can’t put your business on the back burner, but you also can’t put your friends and family or personal well-being there either. Experienced small business owners say it’s all about balance — and they’ve got some advice to help you do it. Here are eight tips to help you bal...
advice is the importance of separating business funds and family funds. If money is taken from the business to be used for nonbusiness purposes, it should be recorded and treated as a formal loan or assalary. The risks to the business of repeated but unplanned cash drains should be made ...
“We often see business owners rely on an audit as a validation that their business is fine. … It’s important that owners take ultimate ownership of their financials and understand ‘what is going on’ with their balance sheet and cash flow, not just the P&L.” That’s ...
Learn from these small business owners who say doing what you love, putting people before profit and always doing a great job are ways to sustain and grow.
Why small business ownership is so fulfilling There are countless reasons why someone might start their own business, but many of those motivations come down to the desire to pursue a passion and feel more fulfilled in their careers. “The small business owners we talk to tell us that their ...
Taking ownership of your role It’s important that small business owners remember they’re in control of the business, not the other way around. Many owners find themselves wearing multiple hats, which means they get stuck in the day-to-day admin with little time to focus on the areas they...
Entrepreneurship promotion: These grants do not go directly to small businesses. Instead, they providegrants to community organizationsthat promote business ownership through counseling and training programs, including organizations that support veteran-owned and service-disabled veteran-owned businesses and go...