An angel investor is a wealthy individual that invests money in startups. Founders that are past the idea stage with a product and some early traction are best suited for angel funding. The availability of angel investment is a key advantage for startups, while the cost of equity is its largest drawback. Most angel investors…
Top 25 Crazy Business Ideas for Entrepreneurs
Starting a new business can be exciting, especially if you have a one-of-a-kind business concept that will help you stand out from the crowd. Some strange business ideas can also be brilliant if they solve to day-to-day consumer problems. To help inspire you, our experts shared some crazy business ideas to get your customers’ attention….
How to Start a Retail Business in 10 Steps
Opening a retail store requires more careful planning than meets the eye, especially in today’s competitive landscape. To open a successful brick-and-mortar store, you need a business plan including market research and a legal structure for your business, an ideal storefront location, startup funding, products, and a team of employees ready to sell. Learn how…
15 Entrepreneurship Statistics You Should Know
Entrepreneurs are innovators, and hundreds of thousands of Americans are looking to start businesses each year despite the risks. Whether you’re wondering about success rates, how to fund your venture, or what type of degrees or experience you’ll need as an entrepreneur, these 15 current entrepreneurship statistics will help set the record straight. 1. The…
Cannabis Industry Statistics
As more states approve cannabis for use, an entirely new market has cropped up in the United States. Medical dispensaries, as well as recreational shops, are opening to supply marijuana to a broad base of consumers. However, what exactly does this market look like, and what can we expect from it in the near future?…
35 Best Crowdfunding Sites for Small Business
Small businesses can raise money with crowdfunding sites in exchange for rewards, future repayment, or equity in the company. Startups and more established companies can raise funds online while getting new customers. The best sites offer low fees and a large audience, and allow a variety of campaigns. Choosing the Right Crowdfunding Website There are…
Best States to Open a Cannabis Business
Looking to be the next marijuana millionaire? Getting an early piece of the rapidly growing pot pie is a smart move. According to Marijuana Business Daily, the booming industry saw retail sales hit $9.7 billion in 2018 from $6.6 billion in 2017, and that’s slated to double by 2022. New bars for cannabis revenue are…
Best States for Female Entrepreneurs 2019—Definitive Ranking of All 50 States
While the old saying “It’s a man’s world” is passé, there’s still evidence men have the upper hand in business—particularly the startup world. Women-owned startups face significant social and economic challenges, resulting in a remarkable disparity between male and female-launched businesses. For example, a recent study by Biz2Credit revealed that women who apply for business…
The Best Places to Live for Work-Life Balance: Top Cities Compared
If you ask someone what’s important about their work and life, chances are that “balance” is the answer. Unfortunately, while work-life balance is important for most, many don’t even know the elements necessary for achieving it, let alone where to go find it. To help you identify the best places to live a quality life,…
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…
How to Create an LLC Operating Agreement [+ Free Templates]
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…
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…