A business mission is a short statement describing the “why” behind your vision. It’s the primary reason your business exists and why you do what you do. Download our free mission statement template and follow the steps below to learn how to write a mission statement for your small business. Mission Statement Template (Free Download)…
Starting a Business
How to Open a Juice Bar in 11 Steps
To open a juice bar or a storefront that serves fresh-squeezed juices and smoothies, you’ll need a prime location, savvy business plan, and juicing equipment. Average starting costs range between $20,000–$400,000, and average annual revenue is around $100,000–$600,000. Successful juice bars require hard work, creativity, and a passion for fresh foods. The most important 11…
How to Start a Cleaning Business: Complete Guide
With the janitorial services industry currently valued at $98 billion, starting a cleaning business may be a profitable venture, whether you’re looking into residential or commercial cleaning services. In this guide, we go through the steps and talk about low-cost strategies to get your cleaning business up and running on a budget. You can also…
How to Start a Consignment Shop in 9 Steps
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…
How to Start a Vending Machine Business in 9 Steps
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…
What Is a Business Philosophy + 19 Key Examples
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…
108 Best Business Ideas to Make Money
You may be dreaming of owning your own small business but don’t know where to start or what to choose to launch. We evaluated business ideas that anyone could realistically pursue with some training, experience, and startup capital. We also considered mostly low barrier, high-return businesses with low-cost and high-yield. Most of these business ideas…
Pros and Cons of an LLC
A limited liability company, or LLC, is a common business structure among startups and small businesses. In this case, the business is owned by its members. The business structure mainly affects legal liability and taxation, but in many ways, it can influence the very core of the business model and its daily operations. The main…