When choosing a business location, you may have heard that location is everything. However, there are many factors that play into this strategic business decision. Key data points that influence this choice include foot traffic, walkability, local demographics, and community data. Foot traffic is an important indicator in determining business location, facility location, or service…
What Is a Corporation & How Do You Form One?
A corporation is a legal entity and business structure that is completely independent and separate from its owners. Corporations can make a profit, be taxed, and are legally liable. They offer the highest level of protection for its owners from personal liability but are a more expensive formation. Corporations make sense for high-risk businesses and…
19 Best Franchises Under 10K
COVID-19 has changed how we do business, but there are still franchise opportunities that are not only inexpensive but also stand a good chance of success. As part of our research, we worked directly in consult with experts at FranchiseGrade.com and selected the best 19 best franchises under $10,000. There are many ways to fund…
How Much Do Small Business Owners Make?
While it’s not realistic to start a new business with the goal of becoming a millionaire, you should be able to expect a decent living. According to PayScale, most small business owners earn anywhere from $30,000 to $145,000 a year, with the average at $69,748. However, how much you make can depend on factors like…
How to Pitch Your Business Idea
A pitch is a short summary that gets to the heart of your business idea and expresses it in a way that spurs a reaction, such as questions or an invitation to present more—or even an offer of funding. Many people think of pitches for convincing investors; but as the ambassador of your small business…
What Is Coworking?
Coworking is a simple concept: Entrepreneurs or microbusinesses share office space and equipment. Not only do they save money on leases and maintenance, but they also benefit from a community where they can learn from each other, share skills, and make connections. The concept originated in 2001 and has become a worldwide phenomenon, with many…
Six Best Virtual Office Companies
Virtual offices give you the legitimacy of a physical address without having the expense of leasing or staff. It’s an excellent option for foreign businesses needing a presence in the United States (or vice versa). It’s also a great option for online or at-home businesses needing the prestige of an office address. Virtual offices provide…
How Much Does It Cost to Start a Business?
Building a new company is not cheap, but it may not be as expensive as you think. The pandemic has had a severe impact on the economy, which has resulted in a larger pool of qualified workers looking for jobs, lower advertising rates, cheaper real estate, and less competition. Average Startup Costs for Businesses It’s…
6 Best Business Plan Writing Services
A well-written, well-researched business plan is vital to the success of a new business or venture. It can attract investors and help you get a bank loan. Not every businessperson has the time or expertise to craft a winning business plan. Fortunately, there are companies with decades of experience that will assist. We evaluated several…
Using a Home Equity Loan to Finance Your Business
Taking out a home equity loan (HEL) to finance your business is easier than getting traditional startup business loans. Individuals with equity in their home and strong personal credit can use a home equity loan for large one-time expenditures or other capital influx needs in the business. If you are considering using a home equity…
17 Best Gig Economy Jobs to Make Money Fast
Think of the gig economy as jobs with short term contracts that you choose to work. These types of gigs vary from delivery and rideshare to design and home care. As of February 2020, there were 6 million more gig economy workers than in the previous decade. And, while COVID-19 has negatively affected some gigs,…
What Is the SBDC & Should You Make an Appointment?
The SBDC (Small Business Development Center) is a business consulting service provided by the government. It offers no-cost consulting and low-cost training to current and aspiring business owners. The consulting topics vary depending on the center and background of the consultants. Every business owner should make an appointment to learn more about your local center…