Every startup has to develop a process for doing business. Whether that means the business owner has sketched a detailed map of each employee’s day-to-day functions or merely drawn out a list of guiding principles that lead the organization through each and every business transaction. There must be a process in place to set out…

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Startup_Dont_Forget_These_4_Groups

The final phase of starting a new business involves several administrative matters. With the business entity formed and registered, the physical facility ready, the new business owner must address outside professional support: banking, insurances, accounting and tax systems, and staffing. Some of these administrative elements significantly impact the financial health and management efficiency of the…

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If you recently decided that now is the perfect time to start the business of your dreams, you should be in the midst of making those dreams come true as you read this! To help get you started, here are five tips every new entrepreneur should keep in mind as they tackle their first year…

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5_Tips_For_Working_With_Lenders

Obtaining a loan is a challenge that many entrepreneurs face during the first years of running their business. Whether you need money to fund a new project or to expand on an existing one, here are 5 tips for working with lenders that can help you seal the deal on that loan to put your…

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What_Records_Should_I_Keep

Knowing what business records to keep is critically important to a small business entrepreneur. These records serve many functions. They help you quantify and monitor the progress of your business, and make decisions accordingly. They give you the information you need to prepare a financial statement. They allow you to identify your various receipts and…

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Getting_Free_Local_Publicity_For_Your_Business

Once you’ve developed a great product or service, you need to find a way to communicate about that product to the public. Without public awareness of what you can provide, how will anyone know it even exists? You need to get your name out there, and make sure that people know who you are and…

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Starting a business up with a partner is a great idea—not only does a business partner effectively halve the staggering amount of work that comes with forming a new company, but having a partner also means having someone to talk to and bounce ideas off of. For many sole-proprietorships, the only employee on the payroll…

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When you’re an entrepreneur, your ultimate goal, the thing that everything else builds on, is to create value for others by solving problems. To do that, you have to look at the resources you have available to you, and figure out ways you can use them. That DIY approach makes entrepreneurs natural bootstrappers, and not…

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Whenever you start a business, it needs to have something about it that is special, some unique quality. Sometimes, that quality is just bringing an existing product or service into a new market. But other times, the unique quality of your business is a new product or service that you’ve invented. When you’ve taken the…

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