There are many costs to being an entrepreneur, and some of them are hidden costs. The SBA estimates the average cost of starting a business to be around $30,000. No matter what type of business you start, you’ll need to invest hours in its creation and development. These costs alone are enough to intimidate prospective entrepreneurs from ever following through on their ideas. However, they don’t paint the entire picture of entrepreneurship. There are also hidden costs to being the founder and director of your own enterprise. You’ll need to be prepared for them as well.
Looking for startup ideas? Start with a passion for your products and services. That is a major motivating factor when you’re starting your own business. But you need to go further. If you’re not offering customers something original it can be hard to differentiate yourself from the competition. Sharpening your competitive edge often means developing a different angle that reinvigorates a familiar offering. If you’re struggling for inspiration, here are 3 startup ideas that can capture your customers’ imaginations.
Many a startup entrepreneur is also a parent. However, when we talk about business and parenting, it is not easy to keep everyone satisfied. That’s because these two areas of life can both be overwhelming and demanding. If you’re both a startup entrepreneur and a parent, you might be looking for advice that can help you to balance these responsibilities. We hope this post helps you to simplify your life.
When you think about the famous company Apple, you probably also think about Steve Jobs. Of course, Steve Jobs was the original founder of Apple and the ubiquitous iPhone, but there was someone else behind the development of this powerful company as well. And that person was Steve Wozniak, Apple’s co-founder. I’m here to tell you that you should learn more about this guy, because he’s super intelligent and influential in both the business and the technology worlds. Keep reading for some of his words of wisdom below.
The world needs entrepreneurs, and student entrepreneurs offer the best of the best. They generate employment, enhance the standard of life, offer new technologies to society and maintain competition in the market. But launching a business is no joke, especially while you’re still in school. Keep reading to find out 7 indispensable tips that can maximize your chances of success while you’re still a student and after you graduate.
The startup days are an exciting time for a new business, but they can also be a time of danger. Many companies have fallen by the wayside because those in charge were not financially disciplined enough to shepherd the business through the early times. Here are some important tips to trim the startup costs that can drag your business down.
In 2017, cash is king. Therefore, if you are an aspiring entrepreneur looking to start a profitable business, a cash-business model is a great place to start. Cash businesses generate the majority of their income through cash-related transactions. This model allows you to keep your cash flow position secure and monitor the growth of the firm as it expands. Here are the most profitable cash business models available this year. Check them out. Then start building your first profitable business.
When you decide to become an entrepreneur and run your own business for a living, probably one of the furthest things from your mind is a having a mentor. Understandably, you’re excited about starting your new journey, getting to take charge, going out there and doing something on your own. However, while you may have a great idea, there’s a lot of risk involved with trying to build a brand and company if you have little past experience. Here are some of the best reasons to invest in business mentorship as a new entrepreneur.
I was travelling years ago and picked up a copy of the “How to set up an online business” magazine at the airport. The book was so helpful I ended up reading it multiple times – earmarking pages, high lighting, underlining and making notes. This book is amazing…
You have a great idea for a business. You’ve tested it, maybe even sold a few items and now want to take it to the next level. Maybe you need some funding, a technical expert or you just need someone to run the business-side while you generate growth ideas.
No matter your entrepreneurial situation, there will come a time when you discover that you can’t do it all alone. When you get to that juncture, you have two options:
How to Start a Teaching or Tutorial Website Looking to start a website, but constantly putting it off due to the fact that you have no clue where to start or what niche you would even want to get into? This is the case for a lot of different online business entrepreneurs out there, […]
If you have a business license and a tax ID number and want to get your hands on products long before they make it to the retail segment, check out these 10 resources (listed in no particular order). These are free resources, with no membership fees or set-up costs: Please email me [email protected] if […]