The steps that every entrepreneur takes before making expanding their business. Step 1: Making the decision to become an entrepreneur People become entrepreneurs and business owners for a number of different reasons. It can be to see their ideas come to fruition, make money, live and die by their own decisions, build something that aligns […]
There is a sort of creative destruction that happens when entrepreneurs develop and introduce new products and technologies. Overtime, it makes current products and technologies obsolete, which replaces the old with an availability of seemingly improved products. Customers then demand the new products, which increase productivity in all components of a society. Companies that employ […]
A Limited Liability Company (LLC) is a formal business structure that protects the owners of the company from personal responsibility for its debts or liabilities. They are seen as a hybrid between characteristics of a corporation, partnership or sole proprietorship. An LLC structure is popular because they are usually easier and less expensive to operate. […]
Have you thought about starting a business but aren’t sure if you have enough money to start? Here’s the thing, you don’t need a lot of capital to start a small business. Initially, it can start as a side hustle. When there is more demand, you can grow the business and better the processes and […]
There are a number of misconceptions when it comes to who entrepreneurs are and what is a motivating factor for their unbridled ambition. A lot of the misunderstanding might come from the media’s coverage of the unicorn companies like Facebook, Spotify, and newly IPO’d Airbnb. The hype and buzz surrounding such companies leads people to […]
Several behaviors and characteristics have been assigned to entrepreneurs, many of which are common to those that have found success in starting new ventures. There are a number of factors that are usually shared by prosperous proprietors, in this article, we’ll explore some of the ways in detail. One of the characteristics that entrepreneurs have […]
In 2020 it was predicted by Gartner that subscription models would comprise 80% of new entrants. Undeniably, today many digital services offer a subscription package of some sort. Product boxes, software, digital products, service offerings, e-commerce products, even newspaper type businesses are moving to this business model. It is becoming a core component of a […]