The Winning Essay: Spring 2018 This article was submitted by Kaylin Squyres, winner of the Spring 2018 Business Plan Scholarship. You can read more about her below the essay. Upon applying for my MBA program at the Eller College of Management (University of Arizona), I wrote a business proposal detailing my hypothetical response as Brand…
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Want to start your own business but not sure where to begin? This section is for you. We've got you covered on everything from coming up with a business idea, to getting your business plan and business card straight.
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Business Plan Scholarship For Students With Disabilities
Have you written a business plan for a competition, class, or to further your own entrepreneurial ventures? If so, we invite you to apply for the Business Plan Scholarship From Fit Small Business. We are interested in finding out what you learned from writing a business plan. Instead of providing us with a business plan, to…
24 Mistakes to Avoid When Starting a Franchise
Franchise companies have an established business model and system for franchisees to follow. However, it’s important to remember that owning a franchise can be just as risky as owning any other small business. We spoke with the franchise experts who shared the biggest mistakes when starting a franchise and what you can do to avoid…
Free Business Cards: True Costs & Where to Find Them
In general, truly free business cards do not exist. Instead, free business cards are typically offered as a marketing ploy to get your contact information or upsell you on higher-quality products. However, there are several printing companies that provide high-quality and affordable business cards without the hassle of a misleading promo. Top 6 Free Business…
Top 25 Creative Business Ideas for Kids for 2018
If you find yourself raising an innovative child, encourage them to become entrepreneurs. The internet has made it easier for kids to learn important life skills at an earlier age, particularly business skills. We put together a list of business ideas from the experts and around the web that kids can start and run on…
How to Create an LLC Operating Agreement [+ Free Templates]
![How to Create an LLC Operating Agreement [+ Free Templates]](https://fitsmallbusiness.com/wp-content/uploads/2018/07/How-to-Create-an-LLC-Operating-Agreement-Free-Templates-300x200.png)
An LLC operating agreement is a binding contract between members describing how profits and losses are shared and whether your LLC is member- or manager-managed. It serves to resolve member disputes, dictate responsibilities and more. Operating agreements aren’t always required by law but have an attorney or legal service draft one to include in filing…
C Corporation Definition, Advantages & How to Set One Up
A C corporation is a business structure reserved for larger public companies or those seeking investments. This is because, unlike LLCs and S-corps, administration is expensive and owners are subject to double taxation. Understanding what a C corporation is important for liability protection and the ability to have unlimited shareholders, different voting classes, and foreign…
Top Gig Employers Compared: The Definitive 2018 List
“Gig jobs,” like those performed by freelance drivers for Uber, account for about 34 percent of the United States workforce by at least one measure, and are expected to account for 43 percent by 2020. That stat and many others paint a picture of a workforce that is increasingly piecing together income from one or a…
Top 25 Bitcoin Business Ideas from the Pros
The evolution of the cryptocurrency industry has gained momentum recently, providing people with different ways to earn income. There are many business opportunities that support the cryptocurrency industry. To help you get started, we spoke with the experts who shared their bitcoin business ideas and how to incorporate bitcoins and/or other cryptocurrencies into your business….
Top 17 Expert Strategies on How to Increase Profits
Although running a business can be challenging at times, it’s possible to increase your business profits with just a few changes in your practices. Business owners who learn to experiment with different strategies to boost revenues become more profitable. We spoke with the experts who shared their tips on how to increase profits. Here are…
How to Create a Business Partnership Agreement [+ Free Template]
![How to Create a Business Partnership Agreement [+ Free Template]](https://fitsmallbusiness.com/wp-content/uploads/2017/11/How-to-Create-a-Business-Partnership-Agreement-with-Free-Template-300x200.png)
A business partnership agreement is a contract between partners that contains terms like the business’s purpose, partner contributions and voting rights. A partnership agreement isn’t required to form a general partnership and doesn’t have to be filed with your state. However, have your partners sign one to create a legally enforceable document for resolving disputes….
40 Best Businesses to Start in 2018: The Complete List
The first step to succeeding in small business is choosing the right type of business to launch. This depends largely on the current market and specific industry, but also includes factors like profit potential, loan availability, competition, and industry growth. To help you decide which specific business is best for you, we identified the 40…
