You’re thinking about opening a coffee shop, but you have a lot of questions about where to start. Let’s face it; launching a new business can be complicated. You want to know how to start a coffee shop that actually makes money—because if you’re going to open this business, you definitely want it to make…
Starting a Business
Black Entrepreneurship 2020: A Special Report and Definitive 50-State Ranking
The story of Black business ownership in 2020 is one of both explosive growth and constant societal roadblocks to success. Black-owned firms grew 34% from 2007-2012, totaling 2.6 million companies, and minority small businesses in general increased 79% by 2017. The top 100 Black-owned companies generated $30 billion in 2018, and a whopping 50% of…
15 Best Fitness & Gym Franchises in 2020
As fitness becomes more of a lifestyle than a trend and people are conscious about getting fit, entrepreneurs are taking advantage of this by investing in gym and fitness franchises. Fortunately, there are different fitness franchises to choose from, with an average cost of around $350,000. We researched data on the 15 best-performing gym franchises…
21 Powerful 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,…
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…
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…