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….
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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….
40 Seth Godin Quotes for Entrepreneurs
Seth Godin is an American author, public speaker, and entrepreneur, considered to be one of the most influential minds in modern marketing and business. He wrote 18 international bestsellers, published in over 35 languages. Godin’s insights in leadership and innovation make him the perfect source of inspiration for professionals and entrepreneurs the world over. Here…
40 Dale Carnegie Quotes on Self-improvement for Entrepreneurs
todDale Carnegie’s quotes on salesmanship, public speaking, and communication skills are a source of timeless inspiration for people, in business and personally. He was a well-known writer and lecturer who designed numerous courses on self-improvement and entrepreneurship. He also published numerous books full of wisdom that many people still read today. Here are 40 Dale…
How To Open A Bar in Six Steps
When deciding how to open a bar, you should begin by researching different types of bar businesses (sports bar, pub, brewery). In general, bars can be expensive to start, with costs ranging from $150,000 to more than $1,000,000, depending on how much space and the type of liquor and food licenses required. To accept and…
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…
CenturyLink vs Spectrum: Price, Features & What’s Best in 2019
In a comparison between business internet service providers CenturyLink vs Spectrum, it can be difficult to choose based on price alone. Spectrum is available in more areas and delivers comparable and, sometimes, faster speeds than CenturyLink. However, CenturyLink offers flexible billing options and decent speeds, but it might not be available in your area. When…
Best States to Survive a Recession in 2020
It was only a decade ago that the 2008 recession wrecked businesses, turned the housing market upside-down, and destroyed personal assets. Unemployment hovered near 10% while entire industries quaked. Fed Chair Ben Bernanke called it the worst financial crisis in our history. Despite the economic growth the U.S. experienced in recent years, there’s concern about…
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…