A retail business plan can help entrepreneurs analyze their business concept and explain why it will be successful. Many banks and investors like to see companies’ strategic plans before agreeing to provide funding. All business plans for retail and online stores should showcase their products and services, financial projections, and marketing strategies. Before starting your…
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FedEx Routes for Sale: The Ultimate Guide
Much of FedEx’s success is due to the over 12,000 independent business owners who own the routes and deliver and pick up packages, keeping the FedEx machine running smoothly. These entrepreneurs hire and train delivery personnel, purchase and maintain vehicles and other equipment, and oversee the day-to-day operations on their route. If you don’t have…
How to Start a Small Business at Home
Many popular businesses, such as Microsoft and Apple, started their journey in a garage. If you have similar aspirations, start the process by learning how to start a small business at home. The process is similar to opening a brick-and-mortar business—sometimes with lower startup costs. Some of the steps are different, such as the need…
15 Best Franchises To Buy In 2020
We believe the best franchises have a combination of the following features: low-cost, low failure rate, easy to learn, include quality training, and brand strength. The best franchises for new business owners are those they can start small and grow big. You may start with a mobile location and once successful, expand to a physical…
20 Tim Cook Quotes on Success, Business & Technology
Tim Cook is the CEO of Apple, Inc., the world’s largest company. He previously served as Apple’s chief operating officer under company co-founder Steve Jobs, who died in 2011. Tim Cook quotes are a good source of motivation for those who want to start or grow a business. Here are the 20 Tim Cook quotes…
How to Set Up a Rollover for Business Startups (ROBS)
A rollover for business startups (ROBS) enables entrepreneurs to access retirement funds to start or buy a business. Setting up a ROBS involves rolling an existing 401(k) into a new C corporation’s (C-corp’s) retirement plan. The new business purchases shares in the company with the ROBS 401(k), allowing the business use of the funds. To…
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How to Start a T-shirt Business Online
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…
12 Most Profitable Small Businesses
The most profitable small businesses are easily scaled, have low overhead, and/or charge high hourly fees. These businesses can increase profit with little additional work, such as software, which can have profit margins of more than 80%. Low-overhead businesses have fewer expenses. High hourly rate businesses, such as consulting, can charge based on expertise. Every…
What Is A Startup?
The term “startup” gets casually thrown around by so many people and so many organizations that it’s hard to know what the heck it means. Here’s a clear definition: a true startup is a business that is laser-focused on accelerated growth, increasing revenue from 100x to 1,000x current levels. In recent years, the valuation cap…
How to Start a Food Blog
Foodies can learn how to start a food blog in as little as one day. When starting a food blog, you’ll need some equipment, such as a digital single-lens reflex (DSLR) camera or high-quality smartphone, plus editing software for your photos and blog hosting. According to ZipRecruiter, the average food blogger earns $40,935 per year….
How to Start a Personal Training Business [With Plan]
A personal training business helps clients improve their fitness level. Learning how to start a personal training business is simple when you follow a step-by-step process beginning with research and a business plan. To help secure clients, build a personal brand. A full-time personal trainer can earn between $30,000 to $150,000 a year. Before starting…
