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
Starting a Business
Delays When Starting a Business
Someone asked an interesting question: “Is it normal to run into delays with a new business BEFORE you even get started?” The asker has been focused on her new business and has been working hard to get everything in order. Alas, things are not working out as planned and she has experienced delays and other […]
Starting a Business: Pursue Your Passion
One way to start your business is to find your passions, and build on the things you are passionate about to create a successful business. Diane Dreher, author of the book “Your Personal Renaissance: Twelve Steps to Finding Your Life’s True Calling” defines passion as the “collection of innate talents that drive them.” But can […]
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 Myths of Starting a Business
Many want to start a business, but find that actually starting one is not easy. Some are scared of venturing on their own, while others doubt whether they have the ability to run a business. A new book entitled “What’s Stopping You? Shatter the 9 Most Common Myths Keeping You from Starting Your Own Business” […]
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 […]
10 Most (and Least) Profitable Businesses to Start
Forbes.com has made a list of the 10 Most Profitable Businesses to start,
Can an Entrepreneur Succeed When Focusing on Various Ventures at the Same Time?
Is it wise for an entrepreneur to start several new businesses at the same time? Someone asked if it is possible to start several ventures simultaneously — in this person’s case, two consulting businesses, an Internet project, and a construction company — at the same time. I do run several businesses, but never started them […]
How Great is Your Product?
Ryan Allis, CEO of the marketing and online communications firm iContact Corp., in his book “Zero to One Million: How I Built a Company to 1 Million in Sales … And How You Can Do” has a great section on what makes a product great. According to Allis, the perfect product has the following attributes: […]
Rachel Ray: Finding the Needs of Your Target Market
In my last post, I raised the question of how do you determine the needs of your target market. In the November 2007 issue of Business 2.0, they featured four “One Man Brands” — or entrepreneurs who have become business icons whose names have become huge brands. One of those featured is Rachel Ray, the […]