Entrepreneurs: Most Popular Articles
Making money online used to pretty much require you to have your own Web site, products to sell, and some marketing savvy. But a whole new generation of dot-coms have arisen that will pay you for what you know (and who you know) without you having to be a web designer or a marketing genius.
You've probably heard before a bunch of hype about how much money you can make with affiliate programs. Maybe you've even set up a site yourself, only to find that after buying the domain name, a few bucks a month in hosting, software or a web designer to design your site, etc., that the piddly affiliate fees hardly even covered your cost. Well, here's the hype-free way to really make money with an Amazon.com affiliate site. And it'll only take a day to make the site. The secret? Read on.
Ryan Allis, founder of iContact, produced a 1,248 slide PowerPoint deck of his learning from life and business. That's a lot of slides to go through -- but we did it, just to give you the gems.
Showing the potential of wearable technology, motion sensing capabilities, mobile payments and more, the Apple Watch is the biggest story from the company in years.
If you can accurately forecast your costs and sales, conducting a breakeven analysis is a matter of simple math. A company has broken even when its total sales or revenues equal its total expenses. At the breakeven point, no profit has been made, nor have any losses been incurred. This calculation is critical for any business owner, because the breakeven point is the lower limit of profit when determining margins.
One of the most difficult, yet important, issues an entrepreneur must decide is how much to charge for his product or service. Here are some methods. Page 2.
It never ceases to amaze me the extreme polar views on the topic of network marketing and MLM. Some people are passionate about it in the extreme, and there are even top celebrity authors like Robert Allen, Mark Victor Hansen, and Robert Kiyosaki doing it and advocating it. Yet, in many circles, you might as well declare yourself a leper as admit to being in network marketing. So what's the problem?
Do you want to continue working 50, 70, 100 hours a week the rest of your life? Good! Neither do I. Do you want to be able to take time off whenever you want to, without worrying about what's going to happen to your business? So do I! In order to do that, you're going to have to start creating income streams that do not require your direct involvement. Passive income will allow you to earn more and work less.
Depending on what you want from your business and how fast you want to get there, joining forces to create a more powerful presence in your market may be an attractive option. Joint ventures can help you grow the amount of business you do and the size of the projects you take on without growing the actual size of your business.
Whether you're starting a side business while still employed elsewhere, a student or homemaker looking for extra income, or unemployed and trying to figure out what to do, there are plenty of opportunities for you to start up a side business inexpensively. It's unlikely any of these will make you a living in the first few months, but they all have the potential to grow into full-time careers. We'll take a look at 10 such opportunities and, most importantly, tell you what to do with the $20!
5 delicious facts about Taco Bell's upscale expansion, U.S. Taco, including key insights for entrepreneurs.
A great business name is the beginning of a great brand. It should be memorable, easy to use, and create a certain feeling when heard. Here's a quick how-to on creating one and making sure it's not already used.
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There are many factors to consider in choosing the location for your business. In addition to cost, you must consider whether your location is important to your customers, your employees, and even potential investors. Each of these groups has different concerns about the location: convenience, safety, prestige, traffic, and more. Determine your priorities, keep an open mind about your options, do your research, and get ready to make one of the most important decisions about your business.
Disney is one of the most recognized brands in the world, but few know as much about the man behind the Magic Kingdom, not to mention the hundreds of animated cartoons, countless feature films and endless toys that bear his name. An influential innovator and entrepreneur in the mid 20th century, Disney went from sketching a rabbit (yes, a rabbit) to running a multi-billion dollar empire.
There are a few network marketing opportunities that are just scams. There are far more that may be well-intentioned, but have a poor track record, for any number of reasons. So how do you separate the wheat from the chaff? Here are ten tips to help you pick the right network marketing opportunity for you.
The Limited Liability Company, or LLC, has in recent years become the most popular legal structure for small businesses wishing to incorporate. The exact requirements vary slightly from state to state, but setting up an LLC is a relatively simple process that can usually be done in an hour or less.
Debt is borrowing money from an outside source with the promise to return the principal, in addition to an agreed-upon level of interest. Although the term tends to have a negative connotation, startup companies often turn to debt to finance their operations. In fact, even the healthiest of corporate balance sheets will include some level of debt. The most popular source for debt financing is the bank, but debt can also be issued by a private company or even a friend or family member.
Creating financial projections for your startup is both an art and a science. Although investors want to see cold, hard numbers, it is tough to predict your financial performance three years down the road, especially if you are still raising seed money. Regardless, a short- and medium-term financial projection is a required part of your business plan if you want serious investors’ attention. Here are some tips for crafting solid financial projections.
A guide to using crowdfunding to fund-raise for your business.
If you want to compete in today’s business world, then, it’s important to keep up with technology in order to get the most out of the technology you have, to keep abreast of emerging new technology, and to find the information that will help you make the right buying decisions.
Business communications coach studies Apple CEO Steve Jobs for secrets to innovation
Links and phone numbers for the Secretary of State offices of all U.S. states and territories. Secretary of State offices register corporations, limited liability companies, partnerships, business mergers and acquisitions, and articles of dissolution.
Thanks to the decline in the dollar, IKEA founder Ingvar Kamprad is now, according to some, the wealthiest person in the world. What started as a person-to-person business selling everything from pens to picture frames has grown to over 200 stores in 31 countries, employing over 75,000 people and generating over 12 billion in sales annually. IKEA is still privately held by Kamprad, who flys coach, takes the subway to work, and drives a ten-year-old Volvo.
Ice cream is a sweet treat that few can resist. Although vanilla is the most popular flavor in the U.S., there are a seemingly endless number of varieties and manufacturers. One of the best-known purveyors is Ben & Jerry’s, the brand synonymous with funky flavors like Cherry Garcia and Chunky Monkey and a groovy Vermont vibe.
The Ten-Step, One-Day Strategic Plan
We'd all love to have a few million dollars to start our business, but the reality is that for most entrepreneurs, you have to prove your concept first before anyone will put up that kind of money. But most businesses require some sort of initial capital for things like inventory, marketing, physical facilities, etc. If you don't have the money yourself that you need to open your doors for business, here are some options to explore.
You’re confident you’re sitting on the next million-dollar idea. Whether you’ve already secured funding or just trying to figure out what it will take to get started, an accurate estimate of start-up costs is necessary to reasonably predict financial performance in the first few quarters. Of course every business and every industry have different cost requirements, but these steps can help you start the number-crunching.
Critical steps to writing a business plan including instructions and timelines.
It is crucial that your business plan states your business concept and value proposition. Since this part of the business plan follows the executive summary and company history, readers already should have a general idea of your company. The business concept, however, comprises your vision of the company, explaining the value your product or service will bring to the customer, why you are especially qualified to offer it, as well describing your offering's uniqueness and growth potential.
Even the most well-thought-out business plan is just a stack of paper if it isn’t coupled with a plan for implementation. This is the portion of the business plan where you’ll clarify objectives, assign tasks with deadlines, and chart your progress in reaching goals and milestones. Here are some guidelines for successful business plan implementation.
The final portion of your business plan outlines your exit strategy. It may seem odd to develop a strategy this soon to leave your business, but potential investors will want to know your long-term plans. Your exit plans need to be clear in your own mind because they will dictate how you operate the company.
Henry Ford was not the inventor of the automobile, but his innovations in assembly-line techniques and the introduction of standardized interchangeable parts contributed to making the United States a nation of motorists and produced the first mass-production vehicle manufacturing plant.
From blogging your passion to freelance writing to affiliate marketing to call center work, these are some of the best jobs to make money from home.
Consulting is a bigand growingbusiness. The market for consulting services is estimated to be between $130B and $150B annually, and professional consultants are among the highest paid workers, earning more than many doctors, lawyers and other professionals. So how do your break into consulting?
Looking for some inspiration? See what some of the world's most famous entrepreneurs have to say about entrepreneurship.
The business plan background, which follows the executive summary, should detail your company’s history. This part will vary, depending on how developed your business is. Overall, this section of your business plan should give an interested investor a better idea of who you are and how this business idea came about.
Networking is less about meeting new people than having them remember you after the fact. So how do get someone to remember you from the other ten people he met that very same night? Try these three simple questions to make a lasting impression.
By capturing your visitors names, growing your list of email addresses and sending relevant, responsible email to your customers and prospects, you are building a relationship with them. In any business, the relationship is the intangible, powerful force that creates loyal, repeat customers.
An experienced marketing communications consultant and freelancer shares tips
A cash flow statement, along with the balance sheet and income statement, are the three most common financial statements used to gauge a company’s performance and overall health. The same accounting data is used in preparing all three statements, but each takes a company’s pulse in a different area.
If you're considering an MLM (multi-level marketing), CDM (consumer direct marketing), or network marketing opportunity, ask these six questions.
Entrepreneurs frequently encounter difficulties managing their cash flow as a result of seasonal credit demands and time gaps between capital needs and revenue realization. Lines of credit accommodate the seasonal credit demands of your business along with ups and downs in your cash flow. They also enable you to purchase inventory in anticipation of future sales.
How to make money online by building a successful affiliate marketing business, including tips on choosing products and building an audience.
A list of common words and acronyms related to entrepreneurship and small business.
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In a recent poll, About.com asked readers to select the entrepreneur they most admired. Was it Bill Gates? Richard Branson? Donald Trump? Nope -- Oprah Winfrey stood out head and shoulders above the rest. Read Oprah's story and some of the things that make her so admirable.
You've got a great idea for a business. Now how do you get started? From finding the right strategic alliances to business planning to fundraising, here are a clear set of steps to help you get started.
The traditional approach to entrepreneurship has been to research the market, identify a need, and create a business to fill it. In recent years, the mantra,
The executive summary is the introduction to a formal business plan. It summarizes the business proposition, key financial projections, where the business stands at present and elements that are critical for success. Remember this is the first thing a potential investor will read. If your executive summary doesn't grab his or her attention, then he or she probably won't bother reading the rest of your package.
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So you want to go into business for yourself? Run your own show? Being a sole proprietor is the easiest way to get started in business, but there's still more to it than just getting business cards printed and sticking up a web page. You may not need a formal business plan, but this checklist will help you make sure you've at least given some thought to the many complexities that may arise.
In honor of the iPhone 6, here are 6 of the boldest moments in Apple history, from the first Apple to the iPod to Steve Jobs return and more.
Its your first year in business, and tax time has arrived. How does the new business owner prepare for getting those returns filed accurately, timely and achieving the most favorable results for the business?
Every effective worker has Intrapreneurial traits that may or may not culminate in an Entrepeneurial life. How close are you to becoming an Entrepeneur?
A good hedge against the risks of starting your own business is to start up while you still have a job that pays a regular salary and benefits. If you’re in a position to do that, you’ll have the best of both worlds. There are some simple Do’s and Don’ts that can guide you as you walk a sometimes fine line between your career and entrepreneurship.
From affiliate marketing to information products to blogging, here are a number of ideas on making money online from home.
Summer's here, and opportunities for quick money abound. If you're a recent graduate, a teacher or student off for the summer, or anyone else looking for some quick cash, summer's a great time to start a business. With a little money, some hard work, and a lot of entrepreneurial spirit, you can start turning a profit immediately. And all of these ideas are things you can still walk away from in September if you want to.
Michael Dell, born February 1965, started the road to success out of his University of Texas dorm room in with just $1000 and an idea in 1984. Michael Dell is both Chairman and CEO of his company with a net worth of over $30 billion. Dell sells directly to the customer so to avoid middleman mark-ups.
Increasing numbers of people are coming to realize that corporate America has changed. If you are among them, here are seven key steps to starting your own business.
In 2000, 55% of American adults reported having, at some time, purchased goods or services from a direct selling representative. Although the industry has a high turnover rate among reps, the practices of those who are successful at it provide lessons for all of us, regardless of our business. See what the top network marketers can teach you about your business.
Simon Cowell is best known as the obnoxious judge on the hit TV show American Idol whose cynical comments sent contestants running out the door in tears, but what most dont know is that his work didnt start there and most definitely wont end there. His list of achievements is long and includes being a successful record producer and executive for the BMG UK record company to gathering wannabe entrepreneurs on his show, American Inventor.
It's an old cliche that we all know and understand, but to what extent do you really apply it in your business? Are you paying yourself too little by doing work that could be delegated and skipping the high-ROI work you could be doing?
Ten rules about how managers can lead people in the workplace to better performance and healthier lives.
You can easily differentiate yourself from your competition by making the effort to follow-up with your prospects and customers. Don’t take it for granted that they will call you. Be proactive and contact them.
If you office from home, you may want to consider using a private mailbox. And while most people may think of going to the post office for a post office box, using a private mailbox provider offers additional advantages for small business.
Potential investors who read your business plan will want to know how you plan to grow your business once it is off the ground. This entails more than just demonstrating how your revenue will grow. The growth strategy section of your business plan is about proving to others that you have a plan for bringing your product to new customers and new markets, and perhaps even introducing new products.
A strong business is one that can ride out the tough times. Your business plan should be able to account for a soft economy or an industry slump and should have the built-in flexibility you’ll need in order to react quickly and nimbly in the face of change. Take these business survival measures to insulate your company in the event of an unexpected downturn.
It’s not surprising Powerpoint© slideshows have become the norm for visuals in most business presentations. They are quick to produce, easy to update and effective to inject visual interest into the presentation. However, they can also spell disaster even for experienced presenters. The key to success is to make certain your slide show is a visual aid and not a visual distraction.
Not every successful business is built around an original idea, and not every good idea ends up with a business built around it. But when you do have an innovative idea, patents, trademarks, servicemarks and copyright protect your idea and give you time to develop it into a business.
Adam Osborne was an American entrepreneur who was most famously known for the first portable computer. Read about his career in tech and publishing.
A bank or government agency (such as the U.S. Small Business Administration) are two common sources of funding for your startup venture. If you go that route, here’s a checklist of the things you’ll need to do and think about to prepare for the application process.
Home Caregivers are among the US Labor Department's list of fastest growing jobs from 2000 to 2010 and the only non-computer related job in the top 10 on that list. According to analysis by SeniorMag.com, demand should continue to grow in large numbers through 2015.
A lot of direct mail pieces get thrown straight in the trash. Making yours stand out in the right way can help prevent that and improve your response rate.
Entrepreneurs and small businesspeople are always looking for creative ways to accomplish more of their business goals for less money. One strategy that can help you save time, money and frustration as you start and build your business is to outsource as much work as possible to skilled, but cost-effective, external service providers.
Four businesses from around the country vie to have their commercial featured during the Superbowl thanks to this contest by Intuit.
Howard Hughes was once the most talked-about entrepreneur in the world - legendary for his bold business
The information provided here allows you to calculate several financial ratios that measure company performance. Additionally, current balance sheets should always present data from at least one previous period, so you can compare how financial performance has changed.
Business planning is a vital component of starting and growing a successful enterprise. Many different templates and variations of business plans exist, so you must choose the right one for your purpose and your enterprise. Having a business and knowing what to do with it are very separate issues and creating a well-executed business plan for the right reasons will enhance the odds that your venture will be one of the ones to succeed.
The founder of Mary Kay Cosmetics created a business that has helped some half a million women fulfill their dreams of business ownership. A best-selling author and powerful motivational speaker, Lifetime Television named her the Most Outstanding Woman in Business in the 20th Century.
Alibaba has just gone public, trading on the NYSE as BABA. Here are 5 important things to know about China's biggest tech company.
Are you a desk-bound entrepreneur? If so, then you have to get a little extra exercise to make up for the fact that you're sitting all day. Exercise will also reduce stress, increase your energy and clear your mind. But the gym can seem like a waste of time. It's not the 45 minutes working out that's a problem -- it's the additional 45 minutes of prep, travel and cleanup. Well here are eight simple exercises you can do to build strength, tone and flexibility without leaving your office.
How to get appointments and close more business
Small businesses are losing profits because they're not paying enough attention to simple management techniques. An author explains how to cut costs while increasing revenues.
One of the most important lessons entrepreneurs have to learn, often painfully, is that cash really is king. I'm not talking about paper money -- I'm talking about cash flow. Simply put, it doesn't matter how much money is coming in the future if you don't have enough money to get from here to there.
It happens everyday. Well-prepared entrepreneurs are walking into the banks with brilliant business ideas with well developed business plans — and are walking out empty-handed. For individuals who do not want to give up a certain percentage ownership in the business as is often required by venture capitalist and deal with the angel investors who may demand a board position or significant day-to-day control, the private lender may be an alternative worth considering.
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Hugh Hefner is the supreme bachelor of our time. He has forever changed our world by breaking the boundaries related to sexuality, age, and gender. He created a revolutionary magazine with naked women and great articles in a time when sexuality was not even appropriate to talk about.
Tips on choosing a branded domain name that will help drive interest and attention to your business.
You want to start your own business, but you don't have a lot of time. No worries -- here's a crash course in just the bare-bones essentials.
Occupying a niche means you won't be competing with a lot of similar businesses solely on price. And because you will be selling products and services that are customized to the specific needs and predispositions of a select group of people, you can often charge more. Your products and services serve a market that can't easily find alternatives.
Your business plan should include a description of your organizational structure, including your management and human resources capabilities, philosophy and needs, the number of employees you intend to hire, how you will manage them and your estimated personnel costs.
The Lean Startup was pioneered by startup guru Eric Reis and helps early stage startups innovate and rapidly grow. Find out how to use it here.
Guy Kawasaki talks about his book, The Art of the Start, and how entrepreneurs can use its lessons to grow their businesses.
A Generation Y entrepreneur offers advice for thirty to forty year old people who want to leave their jobs and start a business.
There are a few different ways to raise funds for your startup. The traditional path is debt financing, which involves taking on a bank loan or private loan. A different approach is to seek equity financing by issuing stock in your company. In essence, this option allows you to sell shares of your company to investors, injecting your business with cash and leaving the investor with the chance to make a high return.
Dream of creating a strong source of passive income? A look inside a successful muse business inspired by Tim Ferriss's book The Four Hour Work Week.
With the growing popularity of the internet, it's all too easy to forget about other forms of reaching customers directly. But surprisingly, direct mail response rates are actually increasing, thanks to better list maintenance and targeting. And while a compelling offer is a must, without the right design and copy, your piece will never get opened and your offer won't even be considered. Here are nine essential design tips to maximize response with the right offer to the right audience. Page 2.
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It's easy to create and host a website with your own domain and no ads for around $20 a year. Here's how it's done.
7 reasons to give thanks you're an entrepreneur including getting to wear whatever you want, making your own hours, taking charge of your success and more.
How to build your small business email list using social media tools like Twitter, Facebook and LinkedIn
This article describes the differences among the six basic business organizational structures used by for-profit businesses in the United States.
You've got the itch. You want to quit your job. You know you'd do great as your own boss. But how...and when? Don't worry -- millions of Americans have successfully made the transition from 9-to-5 to the world of entrepreneurship, and they are out there with lessons to help show you the way.
Donald Trump has a long list of accomplishments. While he may be best known in pop culture for The Apprentice, he built his reputation and his fortune (and lost it and built it again) in commercial real estate.
I am a freelance consultant and as such a lot of my time is spent pounding the pavement, pursuing gigs and trying to convince clients that I am the perfect
Tolerance for failure, appetite for risk and other important entrepreneurial qualities from real life figures like Steve Jobs, Anita Roddick and Ben & Jerry.
Now that you've decided you want a business mentor and understand the value of having one, how do you go about finding the right one? It all depends on how selective you want to be. A number of Web sites and organizations offer free mentoring. Some will offer a great deal of information about your potential mentors, while others simply match you with whoever is available. Once you have someone, in mind, remember, you're asking for a lot show them you're serious and will respect their time.
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Build a thriving business with minimal startup cash? Crossfit affiliate owner David Osorio shares four important tips on how to do just that.
Your friends and family, the Web, periodicals, and even casual acquaintances can provide you with a steady daily flow of information regarding news, industry developments, and opportunities. Industry analysts, consultants, employees, and good networking contacts can share their expert knowledge with you regarding particular situations and needs you may encounter. But only a mentor can truly share wisdom with you on an ongoing basis.
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A business plan should include an assessment of your production and operations strategy. Operations have a steep learning curve, but many successful companies, such as Wal-Mart, have grown by leveraging their operational infrastructure.
When a visitor comes to your place of business, what's their perception? Often, small business owners overlook the value of making a good impression.
Wayne Huizenga is the only person in history to have founded three Fortune 500 companies, and six NYSE-traded companies. Huizenga is founder of the third largest U.S. waste disposal company, Republic Industries; the global leader in video entertainment, Blockbuster Entertainment; and the country's first and world's largest publicly-traded automotive dealership, AutoNation. He's also currently the owner of the Miami Dolphins football team.
Questioning key assumptions when you are writing your business plan.
An income statement is a means for measuring a company’s financial performance. Part 2 of 3 on using a financial statement as a management tool.
In a recent poll, About.com readers selected Oprah Winfrey as the Most Admired Entrepreneur. While perhaps less well known outside of his homeland of England, Richard Branson wins the Editor's Choice for Most Admired Entrepreneur. Learn about this British firebrand who has succeeded perhaps most of all at
Ideas for low-cost businesses you can start quickly.
Companies need to have conversations with customers online through social networks and digital strategies to be successful.
Entrepreneurs come in all shapes and sizes and personality types. Some are full of big ideas while others are better at execution. Some take big risks while others play it more safe. But there are a few things most successful entrepreneurs have in common.
Trademarks are a way of registering a brand name for a product, service or company. This helps protect consumers by preventing brand confusion and companies by preventing competitors from attracting your rightful customers by using a similar brand name. Learn more about what qualifies, what doesn't, and how to file one.
Fundraising for your business can be challenging, but the phenomenal success of Fab.com, Square, and Crowdsurfing demonstrate how it can be done successfully.
The Obama Administration joined with major businesses to launch a partnership that will bring new funding and expertise to startups and entrepreneurs.
Have you ever attended a networking event, collected a bunch of business cards, and when you go through them the next day, you can't remember who many of them are? Well, you certainly don't want to be one of those that other people can't remember, do you? Here are five tips on how to make yourself memorable when meeting other people.
I made a pretty long list of personal New Year's resolutions for 2003 - lose weight, be more thoughtful, spend more time with family, exercise more, stop procrastinating, etc. - a pretty typical list. But when it came down to my business, I found that I was pretty quickly able to boil it down to just one, and that was to try to somehow find the right balance in the paradox between finding and maintaining focus vs. generating multiple income streams.
Entrepreneurs often fail because they focus on things other than shipping products, do too many things at once, and squander financial resources. Internet executive and startup advisor Rob Kelly explains how to get out of the trap.
Microsoft Corp. co-founder Bill Gates is perhaps the most famous entrepreneur of this era. He had the vision to predict the evolving importance of the personal computer. This allowed him to top Forbes magazines list of the worlds wealthiest individuals, with a 2006 estimated net worth of $50 billion.
A list of common words and acronyms related to entrepreneurship and small business. Page 2.
Anita Roddick was founder of The Body Shop, a store that purchases outstanding natural ingredients for a line of cosmetics, helping the disadvantaged communities generate income and providing women with superb cosmetics.
Some entrepreneurs think the fastest way to success is to get noticed by the social media Twitterati, who may retweet them to stardom. But is it worth the effort to try to influence the influencers, or is there another way?
What is your business bible? When I first started my own business I read pretty much everything I could get my hands on. The Tipping Point, The No B.S. Guide
When your e-commerce business grows to the point where you can no longer package and ship the orders yourself, it's time to begin outsourcing your order fulfillment. Although all order fulfillment centers offer the same basic services, their individual methods and costs will help you choose one over the other. When selecting an order fulfillment service, keep the following in mind. Page 2.
You may possess all the confidence in the world that yours is a perfect product with a clearly defined customer base. If that’s the case, you’ll need to figure out how you’re going to get your product into the hands of those customers. That’s where the marketing analysis section of your business plan comes into play.
When you start a new business, your need to put forward a strong, unified image is paramount. But what if you don't have two nickels to rub together? You can
Over the fall and winter, I was working so much I really let the marketing of my business fall slack. Which is a shame, because marketing is the area where I
I made a pretty long list of personal New Year's resolutions for 2003 - lose weight, be more thoughtful, spend more time with family, exercise more, stop procrastinating, etc. - a pretty typical list. But when it came down to my business, I found that I was pretty quickly able to boil it down to just one, and that was to try to somehow find the right balance in the paradox between finding and maintaining focus vs. generating multiple income streams. Page 2.
A dozen keby wesites and blogs that entrepreneurs should be following to stay current on small business and startup trends.
CPAs are more than just individuals who do your yearly taxes. They can advise you on a long list of other services, which may include advice on your accounting system, financial, retirement, estate and tax planning. CPAs are part of a business owner's professional team along with a banker and a lawyer.
Build it...and they will come? It was an awesome premise for a movie, but for your business, not so much. There are plenty of entrepreneurs out there with
Incubators and accelerators are places for developing startup founders to rapidly test their ideas, get expert guidance from more seasoned entrepreneurs,
Most businesses with under $1 million in revenue (which is most businesses) sell at a pitiful multiple of earnings when their owners decide it's time.
One of the best moves I made as an entrepreneur, I made before I even know I was one. Yeah, I started consulting on the side while still employed. I launched
As your business grows, you will increasingly need to hire people to duplicate your skills, as well as bring in complementary skills that you and your current team don't possess. For growing businesses, hiring freelancers is an attractive alternative to hiring full-time employees, especially in the areas not directly related to your core business.
A financial statement is more than just a snapshot of your business’ health that you provide to shareholders or potential investors: It’s also a powerful diagnostic tool business owners can use to evaluate their firm’s strengths and weaknesses and chart the way forward.
Business owners who present their financial statements to a lender will usually present a full set of financial statements to the lender. These include a recent balance sheet, a profit and loss statement, a statement of cash flows, and notes to the financial statements. The statements, prepared in accordance with generally accepted accounting principles, usually give a realistic picture of the business activity for the period in question.
Brian Scudamore started his company 1-800-GOT-JUNK? in 1989 straight out of high school with $700 and a beat-up old pick-up truck. Today they have 95 franchise partners across North America with a true national presence they are in 47 of North America's top 50 cities. 1-800-GOT-JUNK? will do about $32 Million in 2004 not a bad return on a $700.00 investment!
Chipotle is a delicious, and very lucrative, fast-casual restaurant chain and entrepreneurial success story. Read on for more about this entrepreneurial success story.
Patents are a way of registering an original invention that offers the inventor protection from imitators for a limited period of time. Learn more about what qualifies, what doesn't, and how to file one.
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