It’s no secret that most businesses have a tough time surviving in America. In fact, 20% don’t even live to celebrate their first birthday. The following infographic by insuranceQuotes.com pinpoints the top six reasons why American businesses fail: 14% don’t know, research or pay attention to their customers 19% are overtaken by their competitors 23% Read more about Top 6 Reasons Why American Businesses Fail[…]
Do you need more money to take your startup or small business to the next level? If the answer’s yes, then you’ll need to get investors interested in your company. Steve Eakin has some great tips on making your business more attractive to them: 1. Consult Experienced & Talented People. Back your business with intelligent Read more about How to Get Investors Interested in Your Business[…]
Coming up with a business name is not exactly the easiest part of setting up your company. There’s the process of brainstorming a unique yet reasonable name but, even if you already some fantastic idea(s) in mind, you still have to contend with the factors of legality and availability. However, Nellie Akalp has come up with Read more about Name Your Business in 5 Steps[…]
With the state of today’s job environment, the notion of entrepreneurship is becoming increasingly attractive. However, knowing where to begin and what to expect are two of the main concerns facing would-be entrepreneurs. The infographic below will give you a good idea of the current entrepreneurial world. We’ve summarized some of its key takeaways here: Read more about 46 Facts Every Entrepreneur Should Know[…]
A single decision can be responsible for the success or downfall of your business. That may sound a bit extreme, but the agony of knowing whether or not you made the right choice in any given situation is unavoidable, and something that business owners have to face on a continual basis. Such decisions have the Read more about How to Make Better Decisions for Your Business[…]
Getting people to invest may seem like the logical next step for your startup. But here are some very valid reasons by Tim Berry for why you shouldn’t seek investors’ help: It’s extremely difficult to get investment for your startup, especially if you don’t have previous startup experience. Getting investors involved in your company means Read more about Why Investors Are No Good for Your Startup (and Vice Versa)[…]
“Stories are the oldest and probably the best way to communicate ideas, truths, and beliefs. Stories are powerful.” Stories appeal to most—if not all—audiences, and storytelling is the most genuine way you can sell someone the idea of your business. In his post on Lean Business Planning, Tim Berry talks about “stories as strategy”—specifically business Read more about Storytelling: Getting to the Heart of Business Strategy[…]
It’s hard to find something unique about your business when there are so many other successful businesses currently operating in your field, and so many new ones springing up. But if you want customers to pick you over your competitors, then finding―and selling―this special something is crucial. You need to make sure that your target Read more about Create Your Unique Selling Proposition in 6 Steps[…]
Choosing a name may seem like the least urgent and least worrying thing when setting up your business; however, it has the potential to make or break your brand. This list will not go into the legalities of selecting a name—registering, protecting, trademarks or copyright—but instead offers naming suggestions by considering aspects like availability, language, Read more about The Dos & Don’ts of Choosing a Business Name[…]
One of the most common difficulties for entrepreneurs is financing a business. Whether you want to launch a start-up or small business, money is a fundamental factor. Although it’s an unavoidable obstacle, there are several options (some easier than others) to get you that cash. Loans from the Small Business Administration (SBA) The SBA offers Read more about Funding options for start-ups & small businesses[…]