The laundromat business is a self-service business with no inventories or receivables, and little need for attendants. If you are thinking of starting a laundromat business, here are important factors to consider to succeed in this business
challenges of starting a business
9 Killer Mistakes to Avoid When Starting a Business
What are the common fatal mistakes when starting a business? According to Ed Hess and Charles Goetz, authors of the book “So, You Want to Start a Business? 8 Steps to Take Before Making the Leap,” you need to avoid the following mistakes if you want your business to survive and have a chance at […]
Starting a Business and the Fear of Failure
One of the most common reasons why many would be entrepreneurs hesitate to start a business is the fear of failure. What if the business fails? It’s a scary thought, especially if you’ve given up a lot in order to jumpstart the business. The key is to prepare and have a plan of action.
Common Mistakes in Starting a Business
I’ve previously written about the common mistakes of startup entrepreneurs in the article Top 10 Home Business Mistakes. However, it is also interesting to see what other authors and experts consider as the most common mistakes small owners make: Maria De Lourdes Sobrino, Founder and CEO of Lulu’s Dessert Corporation and the author of Thriving […]
Avoiding the Common Excuses of Startup Entrepreneurs
Starting a business can be scary, exciting and daunting at the same time — and many become frozen with fear. Learn how to avoid the common excuses of startup entrepreneurs.
How Do You Survive Starting a Business?
Starting a business is tough. More so when things are heading south and not enough income is coming in that you have to dip into your personal resources to get by. The worst part, of course, is when your personal resources are almost depleted and you see nothing in the horizon that could change the […]
Getting Sick is Not an Option for Solo Entrepreneurs
I have just been released from the hospital for an emergency surgery last Wednesday. Everything went well, and I am now back home recuperating. But I have not been able to post anything in my blogs, which brings me to the question: If you are hospitalized or get sick, do you have a back up […]
How to Survive Life as a Work at Home Mom
Having a home-based business is a great way for moms to earn money while staying at home. However, the reality is easier said than done. A home-based working mom must be adept in the tricky balancing act of caring for the kids, ensuring the house is in order, and running the business. I have 3 […]
21 Common Mistakes of Home Business Startups
What’s the biggest mistake you did when you were just starting the business? The ideal situation, of course, is to go through the process of starting a business without a single misstep. Unfortunately, that doesn’t always happen. We sometimes trip; or even stumble; or worse, fall flat on our faces. Discounting complete ineptitude and bad […]
10 Biggest Business Blunders
The authors of the book The Maui Millionaires, David Finkel and Diane Kennedy, continue their exploration for amassing wealth in their new book “The Maui Millionaires for Business. The publishers sent me an excerpt of the book, which focused on how entrepreneurs and business-people can successfully solve wealth challenges. According to the book, here are […]