A business mission is a short statement describing the “why” behind your vision. It’s the primary reason your business exists and why you do what you do. Download our free mission statement template and follow the steps below to learn how to write a mission statement for your small business. Mission Statement Template (Free Download)…
Starting a Business
How to Open a Juice Bar in 11 Steps
To open a juice bar or a storefront that serves fresh-squeezed juices and smoothies, you’ll need a prime location, savvy business plan, and juicing equipment. Average starting costs range between $20,000–$400,000, and average annual revenue is around $100,000–$600,000. Successful juice bars require hard work, creativity, and a passion for fresh foods. The most important 11…
How to Start a Food Truck Business in 9 Steps
There has never been a better time to start a food truck business; in fact, the number of food trucks grew by almost 10% from 2022 to 2023. If you’re looking for a money-making business idea, a food truck is a great one. Successful food trucks can bring in more than $500,000 per year, with…
11 Best Crowdfunding Sites for Small Businesses
The best crowdfunding sites should provide your business with an opportunity to raise funds, either to start a business or to provide the necessary funding to expand and grow. Crowdfunding involves offering rewards, giving up equity in your company, taking on debt, or receiving donations. Once you decide which type of crowdfunding best fits your…
What Is a Convertible Note? Examples & How It Works
A convertible note is a financial document that allows a business to receive cash in exchange for equity in the company. This is a short-term agreement typically made with an angel investor, venture capitalist, or other type of private investor. It’s similar to a loan because it allows a business to receive more funding. However,…
How to Start a Cleaning Business: Complete Guide
With the janitorial services industry currently valued at $98 billion, starting a cleaning business may be a profitable venture, whether you’re looking into residential or commercial cleaning services. In this guide, we go through the steps and talk about low-cost strategies to get your cleaning business up and running on a budget. You can also…
How to Start a Consignment Shop in 9 Steps
To start a consignment shop, as with any business, you’ll need a prime storefront and a strategy for acquiring customers and merchandise. It involves choosing a niche, establishing a budget and business plan, finding merchandise and laying out your store, advertising, staffing up, and, finally, opening to the public. Starting a consignment store can cost…
How to Start a Vending Machine Business in 9 Steps
Vending machine businesses are a unique combination of product and service-based operations. They’ve stood the test of time and are marked by rapidly progressive and innovative technology. You will need to evaluate vending product options, location, investment and profit margins, and sales channels before you get started. Having a clear business plan and understanding the…