Angel funding is the process of raising money from investors who exchange their money for part ownership in your business. It’s a less formal and lower-effort process than raising money from professional investors, such as venture capitalists. Some startup business owners begin their financing search using alternative funding methods like angel investors. Others will turn…
Venture capital is a type of private equity for emerging startups that have high growth potential and need capital to scale their business. Venture capital firms pool investor money to fund startups in exchange for equity and also shape the strategies of the companies, provide expertise, and make introductions. It’s a good option for startups…
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…
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…
