POST CATEGORY : Entrepreneurs

How to Choose the Right Kind of Business for You

When it comes to launching a business idea and starting a business, getting it off the ground can be tricky. It takes a lot of hard work and determination to turn an innovative idea into a successful business and there are some big decisions you have to make in this process.

Professional photographer

Here is how you can make sure you choose the right business for you.

Follow Your Passion

Although it may sound like a cliche, whatever your potential business idea may be, you need to ensure that you are passionate about it. If you are just in it for the money, then chances are that you’re not going to have the drive required to sustain the business throughout its early days.…

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Do Student Loans Stifle Potential Businesses?

Approximately 50% of the American private sector is comprised of small businesses. But due to student loans, the American entrepreneurial spirit has suffered a hit and in 2016, CNN reported that US entrepreneurship has been at an all-time low for nearly 40 years.

College student starting up a business

According to a 2015 study done by Brent W. Ambrose, Larry Cordell, and Shuwei Ma, student loans can stop Americans from financing a startup and inadvertently hamper economic growth. The researchers say that potential business owners are encumbered by student loans that they longer have any way of borrowing more money. The student loan debt in the United States is now over $1.3 trillion.…

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4 Ways for Startup Trucking Companies to Reduce Costs

Many entrepreneurs are starting to see the value of operating a business within the industry of truck driving. However, startup companies suffer from high failure rates, and new establishments survive on thin profit margins. On top of that, the trucker’s ongoing requirement to maintain equipment, buy fuel and do payroll can sometimes leave the short-term fiscal strength of a company in a precarious state.

Startup trucking business

So how does a business owner plan for growth in such a tumultuous situation? Increasing loads/deliveries could be an option, but it comes with the risk of employees getting infuriated from the increased workload. Luckily, a better solution exists.…

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What Your Small Business Can Learn from Cryptocurrency Startups

It can seem at times like every business that ever entered the cryptocurrency market is now minting millionaires. That, of course, isn’t the case. That’s because you are only hearing the success stories. What you’re not hearing is the stories of the hundreds of entrepreneurs who thought they had brilliant ideas related to the blockchain and mined coins to start those ideas up, only to find that they were sadly mistaken and lost everything. Still, as a small business owner, you should concentrate on the success stories, because they are the ones that you’ll want to emulate.

Cryptocurrency startups

The world of cryptocurrency can be a confusing one, and it’s also one that seems to be changing at the moment.…

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Finding Your Flavour – How to Get Into the World of Hospitality

The hospitality industry is all about the relationship between a guest and a host. If you’re looking to get into the food and beverage world, there are a number of considerations to keep in mind before taking out a loan or making a large investment.

Find Your Size

The food and beverage industry offers a wide variety of opportunities for businesses of all sizes. Choosing which size is best for you can be a huge factor in your success and longevity in the industry. It’s important to start small to avoid taking on more than you can handle, but be sure to organise your business so that you create the room to grow and scale up your business as you find your feet and sales being to increase.…

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5 Tips for Making Your Virtual Company a Success

It’s believed that virtual businesses will one day be the norm, whereas traditional brick-and-mortar enterprises will eventually fade in popularity. There are a lot of factors at play with this digital shift, but it mostly comes down to the desire of entrepreneurs wanting to take their business global — without the financial and time-management constraints of managing a fixed physical headquarters and/or storefront.

Virtual company owner

Virtual storefronts, in particular, are fast becoming the norm. More and more people prefer to do their shopping online, and have their favorite products delivered directly to their home. From a service perspective, very few companies require a fixed location to meet with their clients.…

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7 Real Truths On Being Your Own Boss

Self-employment and having your own business are the new black when it comes to dream jobs. More than 57 million people freelance in the US alone. And, by 2027 freelancers will make the majority of the American workforce.

Start a business and be your own boss

Yet, being your own boss doesn’t always mean things are smooth as silk. So, take some time to research what’s this all about before quitting your full-time job. Otherwise, you risk losing your living standards and ending up looking for a new job sooner than you think. Let’s take a closer look.

Getting Rich Overnight? It Isn’t Going to Happen

If your first thought about freelancing is never-ending piles of money, then this isn’t the right path for you.…

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Being a Entrepreneur vs. Being an Employee: Which One Should You Choose?

Whichever side of the fence we fall, it might well be the case the grass always looks a little greener across the way. So, whether we’re on the path to entrepreneurship or are enjoying the security of being an employee it’s good to try and keep the pros and cons of both in mind.

Business people having a meeting

Whilst entrepreneurs can enjoy plenty of opportunities for growth across various aspects of their professional careers, it’s important to remember that there are also a number of advantages associated with being someone else’s employee.

So join us as we explore the various PROS and CONS of being an Entrepreneur VS an Employee…

Being an Employee – THE ADVANTAGES

1.

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Virtual Office vs. Co-working Space: Which One is For You?

Answering the question in the title is like comparing a cherry to an avocado. While both belong to the same family, they’re very different and appeal to varying taste buds! Virtual offices and coworking spaces often get lumped together and confused for being essentially the same concepts.

However, as you’ll soon learn, each have significant differences and appeal to an entirely different type of entrepreneur.

Businessman in a virtual office

Virtual Offices

A virtual office space is much different cost-wise than a traditional brick-and-mortar leasing scenario. Businesses who rent them obviously benefit from having a legitimate business address in a commercial office space, as opposed to a home-based address with a residential address.…

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How to Start Your Own Online Business

The Internet has leveled the playing field for all and makes it much easier for anyone to start their own online business. But where do you start?

Online business owner

Your Business Plan

If you have made the decision to start an online business, you probably already have a business idea but will need to do some research to access the viability of your idea. Some important areas of research are:

  • Is there a need for your product or service?
  • Who is your target market?
  • Who are your competitors?
  • What makes your business different than your competitors?

It is better to do your research before embarking on launching a business so that you don’t spend your time and money on a business idea that won’t be successful.…

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