Learning how to start a T-shirt business starts with choosing a strong niche and unique designs that will separate your business from the competition. You’ll need to select a production method, sales platform, and market your business. If you’re successful, you could potentially sell T-shirts online at an average profit of $8 per T-shirt. Here’s…
What Is a Sole Proprietorship?
A sole proprietorship is a business structure owned by one person. In this entity, there’s no legal distinction between the owner and the business, which means the owner is entitled to all of the profits. The main downside is that the owner is personally financially responsible for legal liabilities and debts the business incurs. We…
How to Come Up With a Business Idea
Coming up with a business idea is the first step to starting a business. To begin, you can identify problems you or others are having. Some people take an unstructured approach to determining how to come up with a business idea. Others are more efficient when following a step-by-step process that guides their brainstorming sessions….
What Is an LLC & How to Register
An LLC stands for limited liability company. It protects a business owner’s personal assets in the event that legal action is taken against the business. LLCs have the tax advantages of partnerships combined with the limited protection of C-corporations. State fees to register an LLC vary, ranging from $40 in Kentucky to $520 in Massachusetts….
32 Easy Businesses to Start
Many people want to start their first business but struggle with deciding what type of business to start. Easy businesses to start usually have fewer licensing requirements, training certifications, flexibility, and a lower overall cost. Marketplace websites like Care.com make it easy for businesses in certain industries, like childcare, to connect with paying customers. Here…
18 Elon Musk Quotes on Business, Success & Life
Elon Musk is a business magnate, co-founder of the electric car company Tesla, and founder of the space exploration firm SpaceX. The entrepreneur also co-founded the payments company PayPal. Musk has a net worth of more than $20 billion. These Elon Musk quotes may be a source of inspiration to aspiring entrepreneurs. Here are the…
How to Open a Bakery in 6 Steps
To learn how to open a bakery, you should start by writing a business plan, researching equipment costs, and finding a location. A bakery can be operated at home, in a shared kitchen, food truck, or cafe. Costs range from $5,000 for an at-home bakery to over $500,000 for a bakery cafe. Every bakery that…
21 Startup Costs Every Business Owner Should Know
Startup costs are expenses for new businesses. Almost all new businesses will have at least a few expenses, such as legal entity registration (around $150), software, and marketing. Some businesses have costs that are not required but are helpful, such as business plan software ($20 per month), professional consultants, and a website ($20 monthly). Tips…
How to Write a Business Plan in 9 Steps
Whether you’re just starting your business or are already established, a business plan can help you plot your future. Additionally, a business plan is an opportunity to show why and how your business will become a success. Learning how to write a business plan successfully requires planning ahead and conducting financial and market research. Here…
25 Oprah Winfrey Quotes on Hard Work, Success & Wealth
Oprah Winfrey is an American celebrity and philanthropist known for her talk show, “The Oprah Winfrey Show.” Winfrey, whose net worth is estimated at more than $2.5 billion, is one of the most sought-after celebrity speakers. These Oprah Winfrey quotes offer inspiration and may be able to help you and your business. Here are 25…
How to Start a Lawn Care Business
A lawn care business does basic grass maintenance like mowing, edging, weed eating, and blowing. Learning how to start a lawn care business starts with understanding costs that include equipment, business licenses, insurance, and depending on your state, a mowing license. You can pay yourself around $60,000 a year with a well-functioning lawn maintenance business….
How to Start A Vape Shop
A vape shop sells standard and customized e-cigarettes. It’s a regulated business, so it’s important to do research on your state and city’s regulatory rules before opening a vape shop. Depending on your location and build out, the cost to open a vape shop can be anywhere from $25,000 to $125,000. Here’s how to start…