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…
All Starting a Business Articles - Page 7
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…
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…
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…
Debt Financing: The Ultimate Guide
Debt financing is the most common form of small business financing. It involves borrowing funds from a lender and repaying the borrowed amount—plus interest—over a set period of time by means of regularly recurring payments. Common forms of debt financing include loans, lines of credit, and credit cards. What Is Debt Financing? Debt financing provides…
How to Come Up With a Business Idea
Coming up with a business idea is the first step to starting a business. To begin, you can identify problems you or others are having. Some people take an unstructured approach to determining how to come up with a business idea. Others are more efficient when following a step-by-step process that guides their brainstorming sessions….
LLC Electing S-corp Status: What, Why & How
A limited liability company (LLC) electing S corporation status for tax purposes could lessen a business’ tax bill by thousands of dollars. An LLC pays a 15% self-employment tax on profits, while an S-corp only pays 15% on the owner’s salary, not the entire profit. You can file IRS Form 2553 to elect as an…
What Is an LLC & How to Register
An LLC stands for limited liability company. It protects a business owner’s personal assets in the event that legal action is taken against the business. LLCs have the tax advantages of partnerships combined with the limited protection of C-corporations. State fees to register an LLC vary, ranging from $40 in Kentucky to $520 in Massachusetts….