A startup is all about living your dream. A startup is about having a baby and then watching it grow. It is a whole lot of hard work. It tests your patience, but in the end nothing feels better than seeing your vision take shape. True, not every startup succeeds, but for every start-up that does not succeed, there are ten brilliant ideas that exist in the dormant stage without ever seeing the light of the sun. This happens because the ideators fear the financial demands of a start-up, or do not know where to garner the funds for their business. (more…)
Sometimes a company is left functioning in an out-of-date mode of operation. It might be because the owner is too tight with the company purse strings. It might be because a company has difficulty obtaining top talent for filling key positions. While the reasons and excuses are numerous, often the real problem is that the people in charge simply do not know how to identify and enact meaningful change. This is especially the case when it comes to revamping a company’s IT department. Here are a few ideas to help a company bring its IT department into the 21st century. (more…)
Whenever most people think about start-ups and young entrepreneurs, their minds tend to picture Silicon Valley or Silicon Beach. Though California is synonymous with up and coming businesses, it may not be for much longer.
Across the country, West Virginia passed legislation on March 12, 2016 that is breaking down the barriers of entry for young entrepreneurs. Effective July 1, 2016, West Virginia House Bill 2897, also known as the Young Entrepreneur Reinvestment Act, will waive business filing fees for residents under the age of 30. Filing exemptions for non-profit and for-profit corporations as well as limited liability corporations are included in this bill. (more…)
It’s that time of year again… graduation! But with so many recent graduates saturating the workforce, not all new grads are looking to go the conventional route. We asked some small business owners who started their businesses right after graduating about their journeys. Here’s what they had to say… (more…)
Summer is the season to take the time to enjoy the beautiful weather. It’s also when the sun is out a little longer, allowing us more time to enjoy the hobbies we love. Be it knitting a sweater or organizing a softball game with friends, summertime is the best time to make, create and build on the things we love. For young entrepreneurs, it is also the best time to take those hobbies to the next level. There is nothing greater than creating a successful business doing the things you love, especially when you can start today. Below are some tips to spend the least amount of money while still making sure your new business is off to a successful start: (more…)
One of the most important hurdles – or rather opportunities – for an entrepreneur to come to terms with, is limitations. Aside from knowing what limitations lie in the way of your business, you must figure out how to use these limitations to your advantage. Having the ability to harness such resourcefulness will ultimately give your firm a competitive advantage in the market. For being able to turn a constraint into a new opportunity, is a differentiating skill that separates the “okay” entrepreneurs from the “great” entrepreneurs. Finding a way to do this will safeguard your enterprises self-sustainability, which ultimately will lead to your business’s success.
Take for example the Facebook business model, the offering of a free product while relying on revenue from advertising to survive. This model was born from the idea of wanting to offer a fun and free service, but still needing to make some sort of income in order to remain operational. (more…)
There is not a single business on the planet that does not have an online presence. Any enterprise that hopes to be successful must employ the internet. You can promote your business online to an audience of billions. Even better is the fact that you can sell your products right from the comfort of your home through your website. However, owning a website is not as simple as getting a random site set up for you. (more…)
We all try to be in-tune with customers: sending surveys, providing feedback forms, offering round-the-clock support, and monitoring social media channels 24/7. But even if you respond to every comment, positive and negative, you’re not hearing from your most valuable customers. And it’s due to one common prejudice: survivor’s bias. (more…)
Consumers spend millions of dollars on gift cards every year, especially during the holiday seasons. Offering gift cards can be a very lucrative strategy for increasing your business profits. Whether an egift card or a plastic gift card, every business needs to have some kind of gift card program.
Here are some of the ways your business can benefit from gift cards: (more…)
Running a business is a full-time job. Thankfully, there are a lot of really useful tools out there to help entrepreneurs run things smoothly. We asked our small business experts what their favorite tools are for running their businesses.
Here’s what they had to say…
“Without a doubt, our business would not be able to function without Google Drive. It’s free and we are able to share our documents with our business partners in other countries. We can even work together simultaneously on the same document. We use documents, spreadsheets and templates for invoices and other forms. It’s easy to insert our logos, signatures and other proprietary information.” –Jacquie Whitt, Adios Adventure Travel (more…)