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….
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….
Tech startup ideas cover a wide range of businesses, from software or physical tech sales to businesses that completely rely on technology like independent livestream reporting. All tech businesses can be profitable, with the most successful ones earning millions of dollars per year. Some have an edge with proprietary information, while others are more innovative….
Elon Musk is a business magnate, co-founder of the electric car company Tesla, and founder of the space exploration firm SpaceX. The entrepreneur also co-founded the payments company PayPal. Musk has a net worth of more than $20 billion. These Elon Musk quotes may be a source of inspiration to aspiring entrepreneurs. Here are the…
Startup costs are expenses for new businesses. Almost all new businesses will have at least a few expenses, such as legal entity registration (around $150), software, and marketing. Some businesses have costs that are not required but are helpful, such as business plan software ($20 per month), professional consultants, and a website ($20 monthly). Tips…
Whether you’re just starting your business or are already established, a business plan can help you plot your future. Additionally, a business plan is an opportunity to show why and how your business will become a success. Learning how to write a business plan successfully requires planning ahead and conducting financial and market research. Here…
Oprah Winfrey is an American celebrity and philanthropist known for her talk show, “The Oprah Winfrey Show.” Winfrey, whose net worth is estimated at more than $2.5 billion, is one of the most sought-after celebrity speakers. These Oprah Winfrey quotes offer inspiration and may be able to help you and your business. Here are 25…
A lawn care business does basic grass maintenance like mowing, edging, weed eating, and blowing. Learning how to start a lawn care business starts with understanding costs that include equipment, business licenses, insurance, and depending on your state, a mowing license. You can pay yourself around $60,000 a year with a well-functioning lawn maintenance business….
