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…
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…
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…
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…
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…
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…
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…
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…
