Photo by LOGAN WEAVER on Unsplash Coronavirus has affected the economy worldwide. Every business is negatively affected by the virus regardless of the maturity of the industry. Most entrepreneurs have been forced to close down their businesses, and employees have no choice but to stay at home. Regardless of the critical situation, we are in; we still have bills to pay and … [Read more...] about Would It Be a Great Time to Start a Small Business Amidst the Corona?
Small business bankruptcy attorneys offer a full portfolio of services to minimize potential financial losses. Facing the daily pressure of overwhelming debt can be incredibly stressful for modern business owners. In many business scenarios, bankruptcy is often the least risky and the most viable option available. No matter what your company's financial position is, … [Read more...] about How Small Business Bankruptcy Attorneys Minimize Potential Losses
Photo by Estée Janssens on Unsplash Starting a business isn’t always plain sailing. There are numerous factors that you need to consider and many decisions that need to be made. The high pressure and stress can result in you making poor decisions that can hinder your chances of success. No matter what field of business you plan to go into, here are five of the most … [Read more...] about 5 Mistakes to Avoid When Starting Your Own Business
Protecting your home-based small business takes planning. Even if you live in a relatively safe and peaceful community, your company is still at risk. Indeed, the greatest threat to your business is not a physical break-in and theft, but a virtual one. That is why you must protect against both forms of intrusion. Here are a few practical measures you can take to protect your … [Read more...] about Practical Security Measures for Home-Based Business
Being an entrepreneur is not easy, and you may find yourself committing mistakes along the way (some more severe than others). Worse, you may even face failure. Unfortunately, that's what entrepreneurship is all about -- the ever-present risks and the potential for mistakes. David Finkel and Diane Kennedy in their book The Maui Millionaires for Business: The Five Secrets … [Read more...] about The 10 Biggest Business Mistakes of Entrepreneurs (and How You Can Avoid Them)
It is quite challenging and equally tough to survive on erratic income. Practically speaking, it is doubly difficult to survive on a really inconsistent income plus on top of that, when you need to divert back all that money into your startup, things could get really dicey. You need to make sure that you do not sink deeper into the debt trap, you must, therefore, develop … [Read more...] about How an Entrepreneur Can Become a Millionaire Despite Debt Scares
Being a small business offers some distinct and impressive advantages. Learn the 8 advantages of small business and how to get the most powerful benefits from your inherent advantage in size. Read the full article 8 Advantages of a Small Business … [Read more...] about What are the Advantages of a Small Business vs Big Business?
Initiating a business by yourself is no easy task. Even though the prospects of an enterprise may seem rosy when you start out but quite a number of issues arise. The effects of these issues can be classified from mild to severe depending on the ability of an owner to handle the situation. Knowing how to handle problems is a skill every entrepreneur must strive to have. How … [Read more...] about How to Overcome Challenges Faced by Entrepreneurs
So, the time has come to start thinking about moving to another state. There are millions of people relocating at this very moment, and millions of reasons for doing so. Some people want to be closer to their family. Some are just searching for a better lifestyle and want to lower their costs of living. And, maybe, some have fallen in love with another state or someone who … [Read more...] about How to Move and Start Your Business in Another State?
Though many people enjoy using social media on a personal level—roughly 2.62 billion to be exact according to Statista—these types of platforms can often feel like more of a headache from a business standpoint rather than something fun. However, just because social media isn’t always easy to use for business purposes, this shouldn’t stop you from using it because it … [Read more...] about How to Overcome the 4 Most Common Social Media Challenges Faced by Small Businesses Today