When it comes to determining where you want to start a business, you want to choose a city that has a thriving economy and plenty of potential for you to corner the market in your industry. If you’re not planning to open a business in the town you live in, consider one of these, from WalletHub’s 2015’s Cities with the Fastest Growing Economies list. (And if you’ve already started your business, see how your city stacks up).
Seed and Development
If you’re weighing your options to get funding for your startup, seriously consider crowdfunding. It’s a great way to rally support around your brand (especially if you have new-to-market products that need a little extra exposure) and get the money you need to grow your business.
There’s so much to do when starting a business, it can be hard to know where to start! This post will give you the lowdown you need to open a business of any kind, be it retail, office, or home-based.
When you start a business, it’s inevitable that you’ll need funding: funding for equipment, inventory, payroll, and oh yea, you might want to pay yourself as well! While you’ve got many options to consider for how you’ll get that funding, bootstrapping is one that might move to the top of your list.
If you’re a young entrepreneur who dreams of starting a business after graduation, congrats. Becoming an entrepreneur is a wonderful goal for someone your age. To get you off on the right foot, here is my Starting a Business Checklist for you:
It’s important to understand when starting a business: there is no 100% guaranteed way to eliminate the risk that entrepreneurship brings. You can’t be sure your customers will pay you on time. Your employees can quit without notice. Your vendors might deliver damaged products. All of these, among other risks, make it difficult for you to know what’s going to happen tomorrow, much less next year.
Whether you plan to create a crowdfunding campaign, pitch venture capitalists or investors, take out a small business loan, or use your own savings, there are strategies to succeeding in your efforts. Here we have 10 tips guaranteed to make your startup funding a success.
If you’ve got extensive knowledge in an industry, starting a consulting business could be a great way to leverage your knowledge. By applying what you’ve learned to others’ problems, you can help them succeed.
Launching a startup is one thing, but finding funding enough to keep it going through those difficult growing pains can be quite another. If you start a business without enough cash for at least the first year, you could be setting yourself up for failure. Fortunately, there are several funding options for you to consider.
Have a great idea for a small business but need money to launch the idea? Getting a lender to give you a loan isn't as easy as filling out an application. Rather, many lenders are selective in which business loans they approve. Here are five tips to help you secure the small business loan you need.