5 Personal Reasons Why Your Small Business Could Fail

When it comes to running a small business, there’s no easy day to day task that can be completed to ensure it’s a success. With more and more competition out there in various industries, it’s making it even harder for small businesses to make a name for themselves. It’s not all to do with the competition, though, and sometimes it’s the small business owners who lack the experience and knowledge to take their business forward. Here are a few of the personal reasons why you could fail your small business.

[Read more…]

How to Grow to be Next Amazon by Starting Small

There’s a wealth of business advice out there. Entrepreneurs everywhere are keen to share their advice for success, and a quick Google search will lead you to words from the wisest. Advice, of course, varies depending on the background of the person giving it. But, one thing often seems the same. All entrepreneurs emphasize the need to discover your big idea. This will be your niche and the thing which can set your business apart from the rest.

Which can leave some of us in despair. What happens when you’re desperate to own a business, but you just don’t have a big idea? Like the ever elusive ‘writer’s muse,’ ideas in business don’t crop up every day. As such, you may find that your dreams of making it big go down the drain because you didn’t have that special lightbulb moment.

The good news is, we think it’s possible to build a successful business empire without that spark. While thinkers like Steve Jobs will always lead the way, it would be naive to assume that good ideas are the only path to success. In fact, there are many alternative routes into business. And, we’re going to look at a few of them here.

[Read more…]

4 Things You Need to Do Before Opening a Business

The world is yours for the taking. That is why everyone should at least consider starting their own business. It’s the best conclusion to a lifetime in one industry. You know what makes a company successful and what makes it unsuccessful already. The only thing you have left to learn is how to build a company from the ground up. To help you succeed on your own, follow this simple guide:

[Read more…]

What Does It Take to Turn an Idea into Business

You might have read countless inspirational tales about entrepreneurs who defied the odds and went from nobody to the owner of a towering global corporation but these stories often don’t help. Reading the advice that you should “follow your dreams” and “keep working hard” doesn’t really do a lot to help you with the technical aspects of building your own business and achieving the same level of success.

Perhaps part of the reason as to why you can’t find definitive answers online is that there’s no definitive mathematical formula to creating a profitable business given that the economy and the consumer are always changing. Still, that doesn’t mean there isn’t some rough form of science when it comes starting a business on the right track. There are certainly smart business practices and not-so-smart business practices. Here’s a rough sort of rulebook to get you on your feet and underway with creating your own empire. Let’s turn that innovative entrepreneurial idea into a grounded reality.

[Read more…]

How to Start a Commercial Laundry Business

Starting a commercial laundry business is a golden opportunity to cash in on a profitable small business venture. Everyone wears clothes, and many of them don’t have the time to maintain and care for their apparel. Your job is to care for their clothes, on their behalf, in exchange for cash. Very simple isn’t it. But how do you start a laundromat? What do you need to begin regarding commercial laundry washing machine, capital, human resources, etc.?

[Read more…]

Why Youth and Entrepreneurship May Not Correlate As Much as We Thought

The startup business world can seem like a young person’s game, but the truth is that the 55-64 age group boasts more entrepreneurs in America than any other age group. In fact, according to the Kauffman Foundation, in 2015 26% of new entrepreneurs were 55-64. In 1997, only 15% of entrepreneurs fell in that age range.

[Read more…]

10 Steps to Launching an Entrepreneurial Business

The number of entrepreneurs in the United States is rising. A statement from the Global Entrepreneurship Monitor reports that there are now nearly 30 million people in the U.S. who own their own business with the intent of making it their full-time career. If you have thought about becoming an entrepreneur but you are not sure where to begin or are concerned about the financial risk, you should know that careful planning is a vital element in the formula for success. Fortunately, there are steps you can follow that may be elemental in helping you build a healthy entrepreneurial business.

[Read more…]

15 Signs to tell if You are an Entrepreneur Material

It’s sad, but not everyone is cut out to be an entrepreneur. Going out and taking risks that might not pay off isn’t for everyone, but for those of us who are cut out for it, the life of an entrepreneur, where you get to be creative, have more freedom and make your own money on your own terms, can be fantastic.

If you’re thinking of starting a business, but you don’t know whether it’ll work out for you, check out these tell-tale signs that you were made to be an entrepreneur. Here they are:

[Read more…]

5 Common Pitfalls of Starting a Business (And How to Avoid Them)

There are few decisions as intimidating as starting your own business. On the other hand, it’s an adventure like no other and it could just be the making of you. The reality is that, if you never try, you’ll never know if your big idea is destined for success. So, taking the leap is always going to be scary.

There will always be unknowns and uncertainties. The secret to success is learning how to minimise them. You’ve got to eliminate risks and invest in reliable assets. In the early stages, personal loans are a great way to do this, because they create a solid foundation. With safe, manageable capital, you can start putting those all-important building blocks in place.

Keep reading to learn about the common pitfalls associated with starting a business and how you can avoid them.

[Read more…]

How to Turn Your Passion into Business

They say that nobody really loves their job, but that’s not true. More and more you’ll hear of people who have turned their passion into a career and what’s more, they love going to work every day. If you’ve always dreamed of working for yourself or turning your hobby into the perfect job, then there are ways of getting there. Read some great tips to turn your passion into a business below.

[Read more…]