Are Your Personal Finances Drastically Impacting Your Startup Business?

The past year has been rough on everyone. However, even during difficult times, people decided to start new businesses. Some were forced into the decision due to layoffs, while others enjoyed staying at home and wanted more control over their work/life balance.

Paying bills on time

According to NerdWallet, the average American household has $7,027 in credit card debt. Perhaps you also have a mortgage, car payment and student loans. Missing any of these bills negatively impacts your credit score.

Your personal finances impact your business in several ways. It’s important to be aware of the issues, so you can navigate them successfully and run a successful startup.…

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5 Nuggets of Wisdom From Wilbert Wynnberg to Aspiring Entrepreneurs

There’s a common saying that “Nothing worth having ever comes easy”, and entrepreneurship takes that to the extreme.

Busy entrepreneur solving problems

Unlike what’s shown on social media, entrepreneurship is not all about the supercars, luxury brands, and vacations in exotic locations. Entrepreneurs spend years, maybe even decades of their lives starting and building their business, and even so, can still fail and be left with nothing at any point of time.

Of course, it is extremely rewarding to endure the hardships and emerge as a successful entrepreneur who has made an impact on others’ lives.

Wilbert Wynnberg is a Serial Entrepreneur, International Speaker and 4x Bestselling Author.…

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7 Top Small Business Ideas for 2021

2020 has been an eventful year in many aspects. Many businesses survived while many incurred losses. The pandemic has been a reality check for most business owners.

The most important lesson that all of us learned is that the world is going online, and we need to keep up with the pace. Hence, if you have had a business idea for a long time, you need to reevaluate it now. Will your business be able to survive in the post COVID world?

Managing new business

If you’re clueless about small business ideas that can be profitable in 2021, then worry not as we’ve got you covered.…

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Starting a Business at Home in 2021? Consider Home Production

Starting your own business during the COVID era seems to be a good idea. In this article, we are going to discuss, why it is profitable to open a manufacturing facility as a business at home.

Furniture home production

photo credit: Ivan Samkov / Pexels

The Advantages of Home Production

There are numerous advantages of running a home production – here are some of them:

  • You save on rent. You can work in your home workshop or garage, and the savings can be invested in other needs – for example, in the purchase of materials or advertising.
  • Ability to defer registration. Such production at first may not be formalized.
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The Best Home Franchises to Invest Your Time Into in 2021

As the COVID-19 pandemic continues to disrupt and alter the daily lives of everyone living in the UK – and indeed around the world – companies around the country are continuing to adapt.

Best home franchise

For many, this means the new experience of working from home and the teething problems that naturally arise from that. For some, it means something less fortunate; the loss of your job is likely scary and disruptive to your life.

However, sometimes, this change presents a new opportunity. Researching and investing in home based franchises could be the ideal chance for a restart as we head into the new year.…

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Which Type of Startups are Most Profitable?

Working for yourself is a life-changing decision. But, beginning your startup journey is not a bed of roses. It involves risk as well as pinpoint strategy to experience long-term success. Young entrepreneurs often want to know about the most profitable startups. We are sharing some expert ideas in this post that should help.

Startup founder running her business from laptop

What is a startup, anyway?

A huge number of people are still confused while talking about the startup. Many of us don’t yet understand the difference between a small business and a startup.

A startup is actually a very new company that offers a unique product or service to the target market.…

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Before the Office: A Guide to Getting Your SME Off the Ground

The early days of starting a business can be a very exciting time for entrepreneurs. With so many possibilities just lurking on the horizon, it is not uncommon for beginners to find the start of their entrepreneurial journey somewhat daunting at the same time.

Startup founders working in a coworking space

If you’re someone who is looking to ensure that your startup prospers, then this is the article for you. Today, we have a look at 6 fundamental basics that any new business owner needs to master in order to get your SME off the ground. Read on to find out more!

1. Define Your Startup

Before you can even look into finding a coworking space or marketing your business, you are going to have to define your startup.…

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Tips for Launching a Health E-Commerce Business in 2021

According to statistical data provided by The Pew Research Center, as of 2019, 90% of Americans use the Internet to shop, connect with their family members and friends, receive news, and gather information. The Pew Research Center now reports that a little more than half of the adults in the United States consider the Internet essential during the novel coronavirus (COVID-19) pandemic.

Accessing heath ecommerce website

photo credit: Pexels

Many people have concerns regarding how COVID-19 spreads, who’s more susceptible to contracting it, and measures they can take to protect themselves and improve their health. Considering the increased interest people have in their health and the widespread use of personal computers and mobile devices, starting an electronic commerce (e-Commerce) business site can be a socially relevant venture.

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4 Reasons People Don’t Succeed at Selling on Amazon

Not every online sellers who starts on Amazon makes it out thriving. Unfortunately, online store owners don’t know the various factors that come into play when starting a business in one of the world’s largest e-commerce platforms.

Amazon delivery boxes

So many Amazon store owners start on the right foot but end up failing miserably, because they implement the wrong tactics. Many sellers do not realize this.

Here are a few of the “bogus strategies” that many Amazon store owners mistakenly follow:

Chose the wrong type of product

Choosing the wrong types of products to sell is the number one reason most sellers do not make it big at Fulfillment by Amazon (Amazon FBA).…

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Sticking to a Tight Budget When Starting a Digital Marketing Business

You’ll be undertaking something of a balancing act when creating your own business. Whether the funds involved are your own savings, you’ve been granted a bank loan or your capital comes from investors and shareholders, it’s up to you to make sure that a sensible amount goes to each vital area. But, of course, you only have a finite amount to work with – and no one wants to feel as if they’re cutting corners.

Digital marketing business partners

So, what steps can you take to ensure you always stay within your budget?

Calculate Carefully

It’s important to distribute funds across your business in a sensible manner.…

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