A rollover for business startups (ROBS) allows you to invest retirement funds from a 401(k) or individual retirement account (IRA) into your business without paying early withdrawal penalties or taxes. A ROBS isn’t a business loan or a 401(k) loan, so there’s no debt to repay or interest payments to make. Most small business owners…
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How to Use a 401(k) to Start or Buy a Business
There are three ways you can use 401(k) business financing to start or buy a business. You can cash out funds, borrow against them, or use a rollover for business startups (ROBS). The only option that does not result in penalties, taxes, or interest charges is a ROBS, making it ideal for most situations. If…
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5 Best Rollover for Business Startups (ROBS) Providers 2020
A rollover for business startups (ROBS) is a financing solution that lets you start or purchase a business with your retirement savings without paying early withdrawal fees or tax penalties. These transactions are difficult and confusing, which is why we recommend using an experienced ROBS provider. We’ve compared the best ROBS providers for startup businesses….
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How to Start a Coffee Shop in 13 Steps: The Ultimate Guide
You’re thinking about opening a coffee shop, but you have a lot of questions about where to start. Let’s face it; launching a new business can be complicated. You want to know how to start a coffee shop that actually makes money—because if you’re going to open this business, you definitely want it to make…
Black Entrepreneurship 2020: A Special Report and Definitive 50-State Ranking
The story of Black business ownership in 2020 is a dynamic mix of explosive growth and an acknowledgement of lingering societal roadblocks to success. Black-owned firms grew 34% from 2007-2012, totaling 2.6 million companies, and minority small businesses in general increased 79% by 2017. The top 100 Black-owned companies generated $30 billion in 2018, and…
Top 6 Venture Capital Firms 2020
Venture capital is the investment in startups and early-stage businesses by private investors or firms, and is a form of private equity investing. In exchange for funding, venture capitalists receive equity in the startup. It is most common in high-tech, high-growth industries, including internet and software services, biotechnology, and industrial manufacturing. 6 Best Venture Capital…
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18 Compelling Reasons to Start a Business
While there are an unlimited number of reasons to start a business, there are several that signify someone is well-suited to be a business owner. Many people start a business for the lifestyle benefits, such as a flexible schedule. Others start a business to better align with their personality traits, such as being comfortable with…
15 Best Fitness & Gym Franchises in 2020
As fitness becomes more of a lifestyle than a trend and people are conscious about getting fit, entrepreneurs are taking advantage of this by investing in gym and fitness franchises. Fortunately, there are different fitness franchises to choose from, with an average cost of around $350,000. We researched data on the 15 best-performing gym franchises…
10 Eye-opening Crowdfunding Statistics 2020
Crowdfunding is a popular method of raising funds for startup business expenses, charities, and personal causes. While funding isn’t guaranteed, crowdfunding statistics show us that a strong pitch and continued communications throughout your campaign can increase your chances of success. The ten most eye-opening crowdfunding statistics are:
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Best 12 Types of Online Businesses to Start in 2020
An online business is a digital-based business built on the internet. Types of online businesses vary greatly from online coaching to a subscription box service. Utilize currently owned resources such as a smartphone and computer to create an online business for no-cost such as a vlog on YouTube or a T-shirt design company. For each…
6 Best Online Incorporation Services in 2020
Online incorporation services help business owners form a corporation, such as a C-corporation (C-corp) and S-corporation (S-corp). A business owner needs to register their business as a legal entity to protect against personal financial liability. The best incorporation services provide a great customer experience through an easy to use software, educational materials, and friendly customer…
12 Best Businesses to Start in 2020
The best businesses to start are usually easy to set up, have low startup costs, high profit margins, low competition, or are in a growing industry. Growing industries mean less competition and more customers. If you’re seeking financing, consider a business idea that’s more likely to receive funding, such as a franchise. Here are 12…
