An entrepreneur chose a franchise that was a bad fit for him, and lost his money. These are his takeaways from the experience, and his advice on how not to repeat his mistakes.
Starting a Business
Looking at the two options side by side without any particular industry or business in mind, I’ll always think of an LLC as the better choice for these three reasons.
In order to avoid the daily distractions of home life, it is important to transform an area of your home into a peaceful and workable office space. Here are our top tips on how to set up a home office without spending a small fortune.
The following answers are provided by The Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs.
How to finance your startup? You can buy books on that topic, take courses, and hire consultants. It’s complex and it changes fast for different times, places, and financing options. But for people just looking at this question for the first time, here 10 general rules and guidelines. Warning: There are exceptions in every case. [...]
The fun really begins now, as there is so much to learn about starting a new business. There is a lot of preparation and risk involved in starting out in a new venture. There are a lot of options available for you to look into, as you start your venture as an entrepreneur. I must [...]
Bill Payne had a nice post on gust.com late last month titled Using your business plan, in which he lists the different forms or outputs people confuse with a business plan and sets each one into the proper use context. He defines the elevator pitch, video pitch, executive summary, PowerPoint presentation, and business plan as [...]
After my first post on “10 Leasing Tips Every New Business and Startup Should Know”, I had a conversation with the Controller of a company about making an earnest money payment for a proposed equipment lease for his business. I realized I hadn’t really properly covered this topic in my last post. There are some [...]
Do you: Stay up late at night thinking about business ideas? See business opportunities all around you? Want to start a business in the next 90 days? If you do, keep reading. I have a special offer to help you get started with your business. Tim Berry, the president and founder of Palo Alto Software, [...]