Starting, managing and growing a small business is challenging. That’s why many small businesses fail in their first few years. If you understand how to manage your business and what mistakes to avoid, you will have a greater chance at success. 1. Not understanding the market Before going into business make sure you understand this very important question – Is there a … [Read more...] about 7 Mistakes to Avoid When Running a Business
Running a Business
You’ve worked hard, built up your business, and it's flourishing - but you feel like you can’t keep up. This is a common problem for many small business owners. If you are struggling to keep your head above water while managing the tasks of a small business, you might be at the point where you need to hire the help of another person. Signs You May Need to Hire: There … [Read more...] about Hiring Help – When is it the Right Time?
If you’ve made the decision to become self-employed, you’ll need to figure out if you want to work as an independent contractor or establish an LLC or some other type of business. Your choice will depend on the type of services you offer, your long-term business goals, and how many other people are going to be involved in the business. What is an Independent Contractor? … [Read more...] about Independent Contractor vs. Sole Proprietor vs. LLC
If you’re looking to start your own business, why not learn from the best? Jeff Bezos, Amazon CEO and Forbes’ richest person in the world, recently spoke at a conference in Las Vegas where he gave some advice to aspiring entrepreneurs. According to Bezos, Don’t satisfy your customers, figure out to how to absolutely delight them. That is the number one thing. Whoever … [Read more...] about Jeff Bezos’ Advice for Starting a Business