Advice for Early-Stage Hardware Startups

October 19, 2020


Approximately 400,000 new businesses are formed in the United States annually. Starting a business is one of the most challenging and rewarding tasks you can take on in life. Ideally, you want to start a business that is based on an idea or concept that you are both knowledgeable and passionate about. If you love constructing electronic hardware, then you need to work on turning this passion into a lucrative business.

Thousands of hardware startups go out of business in a relatively short amount of time due to a lack of preparation. Rather than allowing your business to meet this disastrous fate, you need to structure your startup for success. Here are some things you need to consider when trying to have success with a hardware startup.

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3 Important Personal Finance Rules for Entrepreneurs

September 9, 2020


To become a great entrepreneur, you need to arrange your entire life around your business projects, including your finances. Unfortunately, getting this aspect of your life right can be a challenge. Around half of all millennials want to start a business, but the vast majority don’t have the finances to make it happen.

Therefore, entrepreneurs need to follow some basic money rules to make their projects a success and get the freedom they crave. Here’s what to do.

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3 important Skills You Must Possess to Start Small Business

August 29, 2020


If you dream of running your own business, you may be curious exactly what skills you need for success. Maybe you have a particular passion, or maybe you like the idea of being an entrepreneur. Regardless of what sparked the desire, you need well-rounded knowledge to create a thriving company. Many small businesses struggle and fail in the initial years. Part of the reason that happens is the owners are unfamiliar with best practices, such as analyzing cash flow and staying on top of necessary permits and fees. The work that goes on behind the scenes is vital to its success. It is easy to be distracted by your customer-facing work, but the foundation of your success will be built on sound management practices.

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4 Signs It May Be Time to Sell Your Business

August 12, 2020


Entrepreneurs who have built their business from the ground up often view their business as more than an occupation or investment–it is a critical component of their personal identity and legacy.

While there is absolutely nothing wrong with being proud of the hard work, perseverance, and creative vision that your business embodies, there may come a time when it becomes prudent to sell.

Rather than maintain a “til-death-do-us-part” relationship with your business, be conscientious of the following signs that it may be time to move on.

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What Do Small Business Owners Need to Know About LLC?

August 9, 2020


A Limited Liability Company, or LLC, is a popular business structure in the U.S. It combines the merits of Partnerships and Corporations, and also comes with some unique features of its own. For instance, LLCs enjoy the tax benefits of general Partnerships and limited liability of Corporations.

But LLCs are not as simple as they sound. Let’s learn a bit more about them.

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4 Things You Should Know Before Starting a Tech Company

July 26, 2020


The technology industry has been booming recently, but if you’re considering starting your own tech company, it can be tough to know where to start. Businesses from just about every sector require the latest technology products and services, so if you can hone your product and deliver it in new or more efficient ways, you could potentially have a shot at success. However, preparing ahead of time and having a clear vision from the get-go are also key. To learn more about how to start a tech startup and the top four things you should keep in mind before getting your feet wet in the startup world, read on.

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5 Steps to Launching a Successful Small Food Production Business

April 9, 2020


It’s not only large-scale organizations that can get involved in manufacturing food.

In fact, thanks to the continued advances in modern technology, it has become increasingly accessible for newcomers looking to enter the food production business. These days, professional, industry-standard setups can be created on a relatively modest budget.

However, the production of food is only the start. A number of different factors need to be considered, especially if you want to turn the business into a success. So before you start dreaming of seeing your products lining supermarket shelves, here are five steps to launching a successful small food production company:

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6 Key Growth Drivers and Constraints of Carbon Black Market

March 11, 2020


The global carbon black market is expected to grow at a CAGR of 3.5% to 4.0% until 2022 according to Beroe’s market intelligence report. 61% of the supply market is in Asia while North America and the EU have a supply market share of 11% and 13% respectively. The top global suppliers in the carbon black industry are Orion Engineered Carbons, Birla Carbon, and Cabot Corporation. The capacity of the global carbon black is 15.78 MMT. Here are the top 6 growth drivers and 3 constraints that you should know.

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Everything You Should Know About Beer Canning

March 6, 2020


The beer canning sector has grown tremendously in recent years, thanks in part to changing consumer tastes and preferences and a focus on products which are artisanal. Craft beers are definitely a big thing, and the demand for craft beer is rising as we speak. If you are going into your own craft beer business and are thinking of how you can meet the demand for your product in an effective way, you will need the right equipment. Beer canning is especially lucrative for entrepreneurs, and with the proper beer canning equipment, you can move forward and provide your customers with an excellent product that meets their expectations. But what should you know about beer canning so you can maximise its use for your business? Here’s everything you should know about beer canning: your top questions answered.

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5 Steps to Running an eBook Business on Your Own

February 24, 2020


Do you have a passion for both writing and business? Do you want to transform that passion into a career? If so, it is simple to start an eBook business. You can do it without any startup costs. Write a book, create a cover, and upload it to Amazon’s Kindle Direct Publishing platform.

Yet while it is simple to start, it is the opposite when it comes to turning the business into a profitable one. The market is incredibly competitive, with Amazon hosting more than six million eBooks alone.

The difficulty to succeed is high. However, it is far from impossible – especially when armed with this quick guide. Below are five steps to running an eBook business all on your own:

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