Meet the Fampreneur: Why Over Half of New U.S. Businesses Are Family Run

Family Business
While the term “family business” may still bring to mind the little Mom and Pop store on the corner, the reality is that family businesses make up a huge segment of the economy, in the United States and worldwide.

Earlier this year, The Center for Family Business at the University of St. Gallen produced the Global Family Business Index, which lists the 500 largest family-owned businesses worldwide. With huge names like Wal-Mart, Ford Motor Company, and Berkshire Hathaway included, it’s not surprising to find that the combined annual revenue of these 500 firms is over $6.5 trillion!

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U.S. Rep. Buchanan Introduces “Support Our Start-ups” Act

Startup
WASHINGTON — U.S. Rep. Vern Buchanan, R-FL, today announced the introduction of bipartisan legislation that would make it easier and less costly for an entrepreneur to start a new business.

Buchanan’s “Support our Start-Ups Act” (H.R. 2524) would quadruple the amount of start-up costs small business owners can deduct from their federal income taxes, raising it from $5,000 to $20,000.

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The Missing Link: How Startups can Target Small Businesses with Solutions

Missing Link
We are living in the Golden Age of technology innovation. If you look around technology startups are popping up everywhere targeting numerous industries and business applications. The arrival of cloud computing, mobile technology and social media has enabled anyone with innovative idea, and willingness to work hard, to launch a startup for mere few thousand dollars. No wonder Silicon Valley is overflowing with number of twenty year old looking to strike it rich with a startup.

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3 Tips for Entrepreneurs to Break Into the Tech Industry

Tech Industry
With entrepreneur-led tech companies on the rise, it can be difficult to stand out to potential customers. If you are in the beginning stages of launching your own tech company, it is important that you do it right in order to generate sales and grow your business. Read on for three tips that new entrepreneurs should know as they develop and grow in the tech industry.

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Pros and Cons of Unconventional Startup Funding

Startup Funding
As any entrepreneur who has gone through starting and funding his business will tell you it can be very challenging to obtain money for the start-up. Traditional banks are very risk averse and will not provide you money if they sense risk in your business, which is what all start-ups inherently have. Fortunately, number of other alternative sources of funding have opened up that can help entrepreneurs get funding without having to go through the hassle of traditional funding route. Not all unconventional sources of funding are equal, however and you need to do proper research before jumping on this bandwagon.Here are some of the pros and cons of unconventional start-up funding that you may want to consider if you are not going the traditional route with the funding of your UK business.

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Your Essential Guide to Choosing Partnership Structure for New Business

business handshake

business handshake


One of the most important items anyone needs to take care of when starting a business is how to structure the business entity. It is even more challenging when you are starting a business with a partner. You will need to know about various types of partnerships and how to set them up.

Of course you need to have a name of the business ready before you can form a legal entity with that name. Trade names are usually protected as intellectual property, so make sure you’re not infringing on someone else’s property rights when you name your company. If you’re going into business with someone else, choose a nominated partner and register with HM Revenue and Customs (HMRC). The nominated partner is responsible for managing the partnerships tax returns and keeping records.

There are several ways to set up the business as a partnership as explained below.

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Ask These Finance Questions before Starting a Business

Small Business Finance
Starting a new business is complicated, and can be a minefield of financial decisions. Do you start as a sole trader or a limited company? Do you need business insurance? Should you hire an accountant? Many financial decisions require careful thought for avoiding the risk of financial penalties and mistakes. Making a wrong decision not only will cost you money now, but will continue to haunt you for a long time. To help you make the best start here are 3 questions you must ask yourself before launching a new business.

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This is Why Every Entrepreneur Needs to Go on an Annual Retreat

Vacation
When you run a successful company, it may seem counter-intuitive to think about leaving for a few days. However, taking a break, whether it’s for a vacation or for a work retreat where you’ll learn new tactics, is integral to keeping up with your success. With the demands of entrepreneurship it is easy to get exhausted and burned out. Taking few days off allows you to get rejuvenated to keep the engine going. Still need more convincing? Read on to see why you need to take that time away or sign up for that retreat you’ve been considering.

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A Potential Game Changer for Investors and Businesses: Securities Crowdfunding

Crowdfunding
Crowdfunding platforms such as gofundme and Kickstarter have made headway as vehicles allowing millions of people to realize their financial goals. Whether it’s paying for the surgery of a beloved pet, or raising capital to make the movie of your dreams, these instruments of fundraising have revolutionized the moneymaking process. It was only a matter of time before this type of platform was utilized for start-up businesses to connect with investors. But what is crowdfunding and who is it for? Here is a concise guide to help you understand this newest phenomenon.

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The challenges of running a care home

Home care
With ONS figures suggesting that 8% of men and 14% of women who are aged 65 today will live to 100, it’s clear that a telegram from the Queen is no longer quite the novelty it once was. An aging population brings with it an increased need for specialist accommodation, including residential and nursing care. The result is a £6bn – and growing residential nursing care industry.

A depressing stream of scandals serves as a constant reminder of what happens when care homes fail to take their responsibilities seriously. So do the challenges associated with this sector make it a no-go area for outsiders? Is it really possible to deliver an excellent service, achieve an attractive ROI and keep on top of red tape? Below we take a look at what’s involved in running a care home.

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