Starting a Business

Starting a business is easier than you think. With the right advice and resources starting your own business can be a great adventure. There are a number of steps involved in the start-up phase, from writing a business plan and finding funding to registering your business and hiring staff. Entrepreneur offers a step-by-step guide to starting a business. Discover if you are suited to entrepreneurship, what to do with your business idea, the types of businesses that you can start and the general steps involved with launching a successful business.

how to start a food truck business

Are you thinking about starting a food truck business? According to IBISWorld, there are more than 23,873 food truck businesses in the US. They’re popping all over the country, and they’re becoming increasingly popular over the years. Food enthusiasts looking to start a business in the industry choose food trucks over brick-and-mortar restaurants because it’s more affordable, and the returns are great. According to Food Truck Operator, a $100,000 investment can result in a $250,000 to $500,000 revenue stream. The...

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business start goals

Many people have the desire to start and run their businesses or enterprises. Maybe you are also considering starting your own business, and you are in dilemma on how to develop the most suitable goals that will see your business survive the current competitive business market. It is not easy for startup businesses to survive the competitive market within the first year of their establishment without goals that serve as the roadmap to success. This article discusses the most suitable...

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Want to Pay Less or ZERO Duties on Your Imports?

So you have decided to take a leap and start a new business despite this COVID-19 pandemic and lockdowns everywhere. Congratulations! This might feel risky and overwhelming, but as the saying goes, “Fortune favours the bold.” Nowadays, opportunities for new entrepreneurs are better than they have ever been before. You can grow your business from scratch to a successful small, medium, or large business that has the potential to become an empire. A business is a rewarding opportunity to achieve work-life...

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If you’re following the lean start-up methodology, you’ve made sure that you’ve got an MVP (minimum viable product) in the market. This means you haven’t waited until your solution is perfect. You’ve got something good enough for customers to test and that’s exactly what they’re doing. Based on their feedback you can tweak your offering, fix any problems and scrap any features that don’t work or aren’t liked. Customers are your best source of feedback, so this is a great...

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We know that building a financial plan can be a daunting task for entrepreneurs who don’t have financial backgrounds though. The good news is that there are specific areas you need to look at, and most of your financial plan is simply ensuring that your costs don’t outweigh your profits. Here’s how you do it. Step one Build your financial plan While your financial plan covers multiple different areas in your business, your core goal is to create a budget,...

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One of the biggest questions a start-up entrepreneur faces is whether to go it alone, or whether to partner up with someone else. Since the ‘jockey’ or the founder of the business is one of the biggest determining factors in early start-up success, this is not only an important decision to make – it can make or break your start-up. To partner, or not to partner? There are pros and cons to working alone to working with a partner. Since...

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Starting a business covers every range of emotion and experience imaginable. It can be exhilarating and rewarding, but also terrifying, challenging and incredibly lonely. The nuts and bolts of building a business are the same. There’s the sexy side of developing an idea into a solution, branding and marketing your business and closing sales. Score a round of seed or series A funding, and your business looks even more glamorous. But there’s another side as well, one that is equally...

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Location, location, location. We’ve all heard these words, but have you carefully considered them while you’ve been working on the launch of your start-up? In today’s modern business landscape, location has taken on a new meaning as well. Whereas before it had everything to do with your address, whether you were in retail and had a location with high foot traffic, or an office with the right street address, today location is broader than that. Simply put, there are two...

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4 Things to Consider Before Filing for a Trademark Registration

If you have a business or a startup, then you want to keep it as safe as possible. Trademark registration is one of the best ways to protect your company’s reputation and it also provides the peace of mind of knowing that you have legal security against infringement. While trademark registration is a great idea for many people, here are some things to consider before jumping into it. Make Sure Trademark Registration Is What You Need You might be thinking...

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The Benefits of Having a Side Hustle

In some way or another we have all been affected by the economic fallout of the COVID-19 pandemic. The resulting employment drop brings two crucial truths sharply into perspective. 1. Full-time employment is no guarantee of financial security As dedicated as an employer may be to its staff, a suffering company can only afford the renumeration its income allows. Families who are dependent on salary income drawn from a single employer (whether this is an SMME or large corporation) are...

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Music Artist and Media Coach Amy Scruggs Shares Her Lessons On Starting A Coaching Business

Amy Scruggs is a National Music Artist, TV Host, Motivational Speaker, Author, Business Development Professional, and sought-after Media Coach. She is the host of The American Dream TV and the “face and voice” of Mutual of Omaha Mortgage. “After honing my skills throughout 20 years of diverse careers in business and entertainment, I now coach media professionals and entrepreneurs to come alive on camera and maximize their media opportunities in today’s digital world.” Lessons Starting up a Coaching Business Be...

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How to Write a Plan for Starting Your Own E-Commerce Business

The Internet has made starting a business more accessible than it was in the past. Now, anyone can start a business online and see a reasonable profit if executed right. This is called eCommerce. Many eCommerce platforms have come up, making it easy for anyone with a product to set up shop. If you are thinking of starting a successful eCommerce site, then we highly recommend that you draft up an eCommerce business plan first. This article covers eight easy...

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Important Lessons Realtor Startups Should Know

Based at Compass in Los Angeles, Madeleine Perez worked in residential real estate with buyers and sellers all over town. She moved to LA from New York eight years ago…up until that point she was a journalist for ABC News. She always had a love for real estate but didn’t really pursue it until four years ago. It was a total career change for her and her only regret is that she didn’t do it sooner. Her story “Being a realtor...

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Are Multi-Generational Businesses A Dying Breed?

Starting your own business is scary. You have an entrepreneurial spirit, take a leap of faith and cross your fingers that it works out. When considering a multi-generational family business, this fear is magnified and with good reason. In Canada on average, between the years 2010 and 2015, there were 95,000 new businesses created. Of those, typically only 70% would have survived past five years. Combine this with the fact that only 12% of family businesses survive to the third...

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What Nobody Teaches You About Getting Your Amazon Startup Off the Ground

Starting a new online store can be a stressful journey for the founders. Sourcing funds and arranging the supply and logistics can be a nightmare. Although that is true, when the business takes off and starts growing, the results are well worth all the struggle. Some of the struggles startup business owners come across can be the lack of exposure, which will limit the growth and making it a scalable business model. However, with time this problem can be encountered...

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run a profitable business

According to SARS figures, only 24% of South African companies that submitted tax returns in 2019 were profitable. That’s a scary number; and running a business in this economy is no small feat. However, there are some simple ways to set yourself up for success, and this article outlines seven steps that can be adapted to businesses in any industry. 1. Know what you are working towards Sett ambitious but achievable goals. A good place to start is quarterly and...

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How to move from employee to entrepreneur

The idea of being your own boss can be very attractive, but there are some preparations you are wise to make before making your move. Avoid the Skewed Perception The first involves taking cognizance of the fact that our brains operate just like those of animals: before we make a decision, we assess whether the opportunities outweigh the potential threats. But there’s a problem: again, just like animals, our brains tend to recognize more false positives than actually exist. This...

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