An online business is a digital-based business built on the internet. Types of online businesses vary greatly from online coaching to a subscription box service. Utilize currently owned resources such as a smartphone and computer to create an online business for no-cost such as a vlog on YouTube or a T-shirt design company. For each…
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6 Best Online Incorporation Services in 2020
Online incorporation services help business owners form a corporation, such as a C-corporation (C-corp) and S-corporation (S-corp). A business owner needs to register their business as a legal entity to protect against personal financial liability. The best incorporation services provide a great customer experience through an easy to use software, educational materials, and friendly customer…
Best States for Female Entrepreneurs 2020—Definitive Ranking of All 50 States
There is no more exciting time for the female entrepreneur than the present. According to a 2019 American Express report, the number of women-owned businesses has increased 21% within the past five years, compared to only 9% of all businesses—and with double the annual growth rate! As the start-up landscape braces for an unprecedented era…
21 Effective Mission Statement Examples
A mission statement is a short, meaningful sentence (or several sentences) that summarizes the purpose that drives your business. A good mission statement says why you do what you do. When a company considers new opportunities, it relies on the mission to make appropriate decisions. Additionally, when the business is sold to a new owner,…
Best Mompreneur Business Ideas for 2020 & Beyond
A “mompreneur” is someone who takes on two jobs—as a mother and as a business owner. Many mompreneurs want to start a business that provides flexibility, and that can be done from home, like with an Etsy shop. Others want to start a business with minimal costs, such as a blogging site or iPhone photography….
12 Creative Business Ideas for Kids in 2020
Business ideas for kids typically require little training, minimal equipment, and are time flexible. Before officially selling their services, children should practice the job with family and friends. For example, they should learn the basics of lawn care by tending to their family’s yard as a prerequisite to providing lawn maintenance services to paying customers….
How To Register A Business In 5 Steps [+ Free Checklist]
Learning how to register a business is best when you take it step-by-step. Start preparing for registration by choosing a business name and obtaining your employment identification number. Then file for a legal business entity with the state. Business registration costs $40 to more than $1,000, depending on your state and needs. For our definition,…
What Is Incorporation in Business & How It Works
Incorporation is the process of registering a business as a corporation. Incorporation can be done through your state’s official business registration website or an online legal service. Typically, the cost to incorporate a business is anywhere from $50 to more than $5,000 for larger corporations that require the assistance of an attorney. How Incorporation Works…
4 Free Retail & Online Store Business Plans
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…
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…