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…
Starting a Business
28 Entrepreneurship Statistics & Trends to Know for 2022
Despite the COVID-19 pandemic, entrepreneurship is on the rise. There’s good and bad news in recent data, both important to know for supporting your entrepreneurial endeavors. We’ve divided key entrepreneurship stats into eight overall categories to help guide your current and future entrepreneurial decisions. Introductory Statistics 1. 440,000 startups were formed in the US in…
19 Best Businesses to Start in 2021
While the pandemic threw up roadblocks for employees and businesses, it also presents game-changing shifts across sectors, posing opportunities in industries that are on the road to a resurgence. Aspiring entrepreneurs now have countless tempting options for starting a low-investment, high-profit business from home. Here are 19 of the best businesses to start in 2021…
How to Start a Food Truck Business in 9 Steps
To start a food truck, you need a competitive and appealing concept, a viable business plan, a fully equipped food truck, and a solid marketing strategy to build your customer base. 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…
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…
What Is a Business Philosophy + 19 Key Examples
A business philosophy is a set of guiding principles that a business strives towards to reach its ultimate goal. It encompasses the business’s values, grounding it through ups and downs. It should align with the brand’s personality, mission, and vision. It underscores the actions, decisions, and culture within the business. You want to make your…
210 Small Business Statistics for 2021
Understanding and interpreting small business data and statistics can be the key to breaking into the small business marketplace. We’ve compiled more than 210 small business statistics to help you make an informed decision around starting a small business. Keep in mind that most of the data collection in 2021 has been greatly impacted by…
20 Vision Statement Examples to Help You Write Your Own (+ Worksheet)
A vision statement presents an inspirational vision of a company to guide growth, motivate employees, and connect with consumers. Aside from expressing its goals and aspirations, the vision statement also provides a framework for strategic planning. Ultimately, a vision statement answers the question: “Where do we want to go?” Articulating a powerful vision is one…
108 Best Business Ideas to Make Money
You may be dreaming of owning your own small business but don’t know where to start or what to choose to launch. We evaluated business ideas that anyone could realistically pursue with some training, experience, and startup capital. We also considered mostly low barrier, high-return businesses with low-cost and high-yield. Most of these business ideas…
Pros and Cons of an LLC
A limited liability company, or LLC, is a common business structure among startups and small businesses. In this case, the business is owned by its members. The business structure mainly affects legal liability and taxation, but in many ways, it can influence the very core of the business model and its daily operations. The main…
10 Tips for Naming Your Business + Free Business Name Generator
We created a business name generator to help you get started with brainstorming around business names. Simply enter your information below to get dozens of possible names for your new venture. We also put together tips that can help you on how to choose the right name for your business. Business Name Generator Terms Below…
19 Best Franchises Under 10K
COVID-19 has changed how we do business, but there are still franchise opportunities that are not only inexpensive but also stand a good chance of success. As part of our research, we worked directly in consult with experts at FranchiseGrade.com and selected the best 19 best franchises under $10,000. There are many ways to fund…