business formation and planning Archives

When should entrepreneurs fire themselves

As rewarding as entrepreneurship can be for small business owners, it can sometimes be isolating and limiting. This is arguably why most entrepreneurs are not successful. However, those who strive for success never do it alone. Instead, they rely on a team of advisors that help them grow not only through the business, but also as people.

What entrepreneurs should know before leaving their jobs

If there is a time to turn a “side hustle” into full-time job, it has to be 2017. After all, not only is more startup money available given the proliferation of sources, such money is still relatively inexpensive.   Nevertheless, access to startup capital is not the only hurdle that entrepreneurs will have to clear on the road to success.  

Tips that new business owners won't normally hear

There are many tips and recommendations for small businesses just starting out. Many focus on how not to get in trouble with the federal government by paying taxes correctly or how to protect assets either by incorporating or signing proper non-disclosure agreements.

How SEC regulations can affect your crowdfunding plans

As the reach of the Internet connects more people to each other, crowdfunding has become a popular model for startup companies to generate money for inception costs. Until recently, supporters would receive small tokens for their generosity, such as t-shirts and hats to even small parts in movies.

Essential steps for startup businesses

Launching a startup business may raise the same feelings as jumping out of an airplane. The feeling can be exhilarating, yet it may be very dangerous. After all, if your chute doesn’t deploy, you won’t live to tell about it. Indeed, starting a business may not put your life in danger, but failing in a startup could have life altering implications.

Things to consider when you’ve never started a business before

There are a lot of things to consider when starting a business and perhaps if you have started businesses before, these issues are just things to check off your checklist. But for many individuals, the business they are investing time into could be their first. It may be a side project that is growing but they do not quite know how to make it a full-fledged business.

Attributes of a well-drafted buy-sell agreement

Although many baby boomers are opting to remain working upon reaching retirement age, there are certain considerations that business owners should make to ensure their companies remain viable in the future. Planning for contingencies does not need to be tied to an exit strategy; however, those who are prudent will develop strategies for addressing situations that have not yet appeared on the horizon.

School's in Session for Startups

Regardless of their educational background, entrepreneurs who have been on the startup track for some time may find lessons taught in school of hard knocks may be the most relevant for fledgling business owners. They are certainly the most readily available. In order to survive, those engaged in the messy practice of developing a startup must adapt in how they put business theory to practice.

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