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Should a Startup Rent or Buy?

The question of whether a startup should buy or rent can be a tricky one. Both options have obvious advantages and disadvantages and there is no single answer. There are some ideas, though, that can be used as general guidelines.

For some businesses, the answer to this is an easy one. For example, a business might be historically connected with a specific location so it makes more sense to own a facility there. Other startups might profit from the fact that they can transfer quickly to another location and for them, renting makes more sense. (more…)

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How to Choose the Best Office Space for Your Business

When it comes to your business, office space isn’t just one of those things that fall under the heading ‘nice to have.’ Office space is a necessity. But the right office space? Means so much more. The right space will lend your business legitimacy, possibly even prestige. Its functionality can help your productivity, amenities will increase employee satisfaction, and the location could determine the ultimate success of your business.

With all that in mind, here are some tips for choosing the best office space for your business.  (more…)

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Starting a Business Over the Age of 50

You want to start a business at the right time, right?

Traditionally, a few decades of working life mean that you would start winding down in business and start thinking about retirement, not start a business over 50. But in the new age of free and abundant information that encourages entrepreneurialism in myriad forms, some believe life after 50 is a perfect situation in which to start a business. You’ve learned a lot and have time and financial stability on your side. Let’s have a look at what this means: (more…)

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6 Items to Focus on Before Selecting a Web Host

Nowadays, having a website is an indispensable requirement for every small business. A website allows you to reach a wider audience with your products and services. You could even set up an e-commerce site which allows customers to buy items directly from you. When setting up your site, one of the things you will need to decide is where you will host it. With the numerous Web hosting companies out there, choosing the right host for your business can be very difficult.

Here are some guidelines which will help you make the right decision: (more…)

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Why New Software Isn’t Going to Solve Your Management Problems

When deadlines are missed and goals aren’t met, it is a manager’s instinct to identify a quick solution. What tool can we use to streamline our process, or enable better communication?

It is tempting to think that lagging productivity is something that can just be solved through technology. And it’s just as tempting to assume that these problems never stem from deeply rooted issues with employee morale, how teams coordinate, and managerial standards. (more…)

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Learn How to Improve your Franchise by Emulating Others

Regardless of the business or franchise opportunity, one of the best ways to learn how to be a good owner or manager is to study the traits of those who have been successful and to emulate those things they do that seem appropriate to your situation. What some businesspeople may forget, however, is that they can sometimes learn from non-businesspeople too, and that shining examples are all around us. (more…)

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How to Increase the Chances of Your New Business Succeeding

Everyone who starts a new business or takes advantage of a franchise opportunity hopes that once the decision is made, the business will succeed. This optimism is a good thing, but it’s important not to approach business ownership in a naïve manner.

The sad fact is, not every new business succeeds, and, in fact, many don’t. In some sectors, such as restaurants, most actually fail. Success is not guaranteed, but there are some things you as a new business owner can do to dramatically increase your chances of success: (more…)

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How I Came to be an Entrepreneur: Part 1

I never set out to be a business owner, or any sort of entrepreneur for that matter.  In fact, I never even thought I would see the kind of success I have. It was well over 17 years ago, right around the time I turned 30, that I realized just being in sales was not enough for me.  I started a family, had my first home, a couple of nice cars, a bit of money in my pocket, but found myself losing interest in sales.  (more…)

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Business Basics: What does it mean to qualify as a Foreign Corporation?

In this week’s Business Basics we’re going over what it means to qualify as a foreign corporation. Let’s say you form a corporation or LLC in one state, but you’ll be doing business in another state. This is pretty common for a lot of business owners. All it means is that you may be required to qualify for a foreign qualification. Filing a foreign qualification allows you to legally operate your business in another state other than the state of formation.  (more…)

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