Tag Archives: start a business

Novice Entrepreneur’s Guide to Start a Business | The Startup Magazine

Among the most exciting and gratifying experiences you can have, is to start a business. But, where do you begin? There are many different ways to start a business but consider your business idea, the time you will invest, and the money you want to invest before making any decisions. Starting a company needs meticulous financial, legal, and strategic preparation. You’ll find some simple measures and startup tips to help you get your business off to a good start below.

Are you Ready?

It’s more about mentality than timing when choosing if you’re ready to start a business. Are you willing to win? If you didn’t respond yes, you should think about whether entrepreneurship is the right route for you. The fact is that announcing your intention to establish a business is simple. But executing it, converting nothing into something profitable, may be more complicated. You must also be psychologically prepared to take on a challenge. Why? There will be hurdles, such as designing advertising that encourage sales. If your mind isn’t in the right place, any failure might be harmful. That’s why you should consider hiring small business advisors for a good start and progress your business in the right path.

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No, It’s Not Too Late to Start an E-commerce Business in 2022 | Cool Business Ideas

If you’ve been searching for ways to make money online, you’ve probably come across a few people telling you about starting an e-commerce business. While it’s a lucrative job that you can do from home to create an additional income stream, you may be thinking it’s a very saturated industry already. Is it too late to start an e-commerce business in 2022?

The answer is no!

As the general population becomes more comfortable with purchasing items online, especially after staying home during the pandemic, now is a great time to get into the e-commerce game. Below are four steps to take to help you get started.

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You’re Never Too Old to Start a Business, Even If That Business Is Winning $26 Million in the Lottery | Inc.com

Maybe you think you’re too old to start your business — especially your own successful business.

If so, you’re wrong: A study conducted by the Census Bureau and two MIT professors found:

  • A 50-year-old startup founder is 2.2 times more likely to found a successful startup than a 30-year-old.
  • A 50-year-old startup founder is 2.8 times more likely to found a successful startup than a 25-year-old founder.
  • A 60-year-old startup founder is 3 times as likely to found a successful startup as a 30-year-old startup founder — and is 1.7 times as likely to found a startup that lands in the top 0.1 percent of all companies.

Case in point: Jerry and Marge Selbee. After running a local convenience store in Evart, Michigan (population 1,900) for 17 years, Jerry and Marge sold the business and retired.

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Are You Financially Ready to Start a Business? | Getentrepreneurial.com

Starting a business could be your next step toward financial and personal freedom. But obviously there’s a lot to think about before in dive in.

First of all, is this the lifestyle you want to pursue? Second, do you have enough money to get started? Use the financial essentials below to help you determine whether launching a business makes financial sense for your future.

Look at Your Personal Financial State

If you’re trying to open a company, you’ve probably been setting money aside. Even if they’ve been doing this, most business owners still have to take out a loan, but your savings should substantially reduce the personal financial burden.

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How to Start a Service-Based Business | Business News Daily

On the surface, starting a service-based business like public relations, consulting, writing or coaching seems easy enough. You have the skills to deliver high-quality work and results, so you set up a nice website and spread the word among your network contacts that you’re looking for clients.

But running any type of business, especially a service company, is never “easy.” There will be long hours, difficult clients, frustrating projects and many other obstacles along the way. But for those who have what it takes to persevere, the rewards of turning your passion and skill set into a viable business far outweigh the challenges you’ll face.

So, what is it really like to start and run a service business? Entrepreneurs who have done it weighed in on the challenges and advantages, as well as the best practices for getting your company off the ground.

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9 Reasons You Should Never, Ever Start a Business | Allbusiness

There’s a lot of content out there telling you to go forth! Start a business! but the truth is, not everyone should start a business. If more of the 80 percent of small businesses that fail had but hesitated and considered why they were getting into business, we’d probably have fewer businesses and more successes in those that did exist. If any of these reasons ring true, you do not need to become an entrepreneur:

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You are Your Own Supercomputer | Peter Mehit

computers1Many times when people think about starting a business, they cherish the idea of the freedom and control it would bring, but are often overcome by fear. ‘How will I find customers?’, ‘How do I find the money I need?’, ‘Will anyone really buy what I’m selling?’ are typical of the questions we run through our minds as a wave of fear spills over us leaving us grateful for the job we loathe.

Many of us believe ‘it takes money to make money’, yet many of the greatest success stories are people that had little or no money at the beginning of their journey. We convince ourselves that we need ever increasing amounts of education, but Bill Gates, the world’s richest man, didn’t complete college, Sir Richard Branson never went. Many of the businesses you pass by L.A. freeways are owned by people who possess only high school diplomas.

So what is it? What makes some people successful and others not? We believe it boils down to three main things:

They have a clear idea what they want to make or do to start their business.

They believe they can figure out anything.

They understand, actually or intuitively, how the mind works.

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