Starting a Business Articles For Entrepreneurs & Small Business Owners

2012 Worst Franchises to Buy According to SBA

The Small Business Administration gave data to BlueMaumau.org on franchises that continuously failed to meet their loan payments.  This is the same list given by the SBA to its affiliated lenders throughout U.S.  Topping the list are ice cream shops and quick service restaurants.  They lead the lowest performers among major franchise brands in terms [...]

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CruiseOne to Award Free Franchises to Veterans

After launching new careers in the travel industry for five unemployed educators in 2010 in its ‘Second Chance at Success’ campaign, CruiseOne will be doing the same for former military men.  ‘Operation Vetrepreneur: Become Your Own General’ is open to those who are retired, off active duty and/or were honorably discharged prior to May 15, [...]

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Low Cost Franchises Are Becoming More Popular

The Franchise Business Review reports a significant growth in franchise opportunities in its survey of over 11,000 franchisees. This growth is manifested in low-cost businesses with investments that range from $5,000 to $150,000. Most of these franchises are involved in offering services rather than goods. During the economic downturn, many franchisors reduced their initial franchise [...]

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7 Tips to Buying a Business or Franchise for Sale

Will you achieve your dreams or plans for the future by buying a business or franchise?  Will this fit the lifestyle that you want?  Buying an existing business or franchise is advantageous because both have an established customer base and ongoing operations or an operations template.  Financing from traditional sources is also easier.  Below are [...]

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Business Buyers – Why You Should Get a Business Valuation

 You want to start a business by buying an existing company.  After considering the pros and cons of the various businesses for sale on the market, you have narrowed down your choice to one business.  It is time to make an offer.  How much is the business for sale worth, and how do you do [...]

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Expect the Unexpected When Buying a Business

After weeks to months of searching, you find the small business for sale that is right for you.  You feel it in your heart that this is your dream business.  You want to buy the business right away, making light of the due diligence process and ignoring the red flag warnings.  Remember that buying a [...]

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Franchising – Franchise Growth in 2012

Franchising numbers are up this 2012. The 2012 Franchise Business Economic Outlook by IHS Global Insight, a forecasting and financial analysis firm, projects a 1.9% growth in the number of franchise establishments. This amounts to almost 14,000 new locations to the existing 735,751 units. About 170,000 jobs will also be created and this will help [...]

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Key Pointers to Starting a New Business

Maria Contreras-Sweet, a former corporate executive and one-time government official, started Promerica Bank, the first Hispanic-owned bank, in Los Angeles in 35 years.  In an IBM webcast during Global Entrepreneurship Week in November, she gave the audience pointers on how to start a successful business.  She advised future entrepreneurs to do research first before quitting [...]

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Presenting Your Plan: What to Know Before Meeting with Potential Lenders and Investors

You know you need to raise funds to bring your dream of owning your own business to life. You’ve done the research and have put together a formal business plan. Congratulations! You’re ready to meet with potential investors. So, before you ask someone for a huge chunk of money to back your business idea, ask [...]

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Is it better to start your own business, or “start-up” via an existing business?

Starting a business takes a lot of time and energy. As time goes on, there are a lot of expenses that come into the picture: rent for the location, equipment, payroll, insurance, and more. Just getting together marketing materials can cost a lot of money. Some new businesses succeed but many do not because the [...]

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Should You Buy an Existing Business for Sale?

Buying an existing business has a better chance of success than starting a new one.  You avoid the hassles of building a reputation and customer base or market.  It is quicker and easier.  However, you need to find the right business for you. Advantages of Buying an Existing Business 1.  The necessary permits and licenses [...]

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Are You an Entrepreneur When You Own a Franchise?

There is an increase in recent years of people working for themselves rather than for someone else.  The economic recession is partly responsible for this as many people have lost their jobs.  With some money saved, the unemployed have become entrepreneurs.  They are now their own bosses.  They may have bought an existing business, started [...]

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Small Business Taxes: How Business Structure Affects Tax Deductions

Business owners need to structure their business to take advantage of tax deductions and employment benefits.  The right business structure will also limit the liabilities of the owner and protect his or her personal finances from the business.  Nellie Akalp through her article at SmallBizTrends.com compares incorporations and LLCs relative to their respective allowable tax benefits [...]

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Should You Leverage Your Personal Credit Score For Your Business?

The process of building credit for your corporation or LLC can feel like a catch-22. On one hand, creditors will not extend underwriting unless your company has an established (and robust) credit history. That brings us to the question… how do they expect us to do that, when they won’t give us any to begin [...]

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4 Tips for Balancing your Business and Family Life

Anyone who has ever owned a small business will tell you that it’s a constant uphill struggle. While many people who quit their day jobs to start their own company do so to have some free time, the reality is that, despite not having a nine to five job anymore, you will likely end up [...]

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Four Keys to Building a Profitable Business

The American system of business management has been admired and emulated around the world. It is, characteristically, reflective of two traits in the American psyche: (1) enthusiasm for the future and making things better, and (2) an openness and willingness to change in order to achieve that end. No society in the world is better [...]

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Top 10 Franchise Opportunities for 2012

Every year-end, a publication or media organization, a group or individual comes up with a “best or worst” list for the year that is about to end.  In the business world, two such annual ratings or rankings include The Top 10 Franchises by Franchise 500 and the 100 AllBusiness AllStar Franchises for 2012 by AllBusiness.com.  [...]

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Quit Your Job and Start a Business – 3 Rules for Startup Success

It is almost everyone’s dream – to have your own business, be your own boss, make your own decisions and control your time.  We hear or read about success stories of people who leave the corporate world, work on their dreams and rake in cash.  Is it that simple? First of all, you must have [...]

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How to Start a Business with Other People’s Money

John Warrillow’s article at StartupNation.com relates the experience of Michael Dell of Dell and Ross Slater of Highspot on their negative cash flow after their startups.  To solve their business financing problem, they required their customers to pay upfront upon placing their product orders.  By reversing the typical cash cycle, Dell was able to use [...]

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Tips to Making Your Own Decisions When Buying a Business

Buying a business is a life changing undertaking.  You will be spending years of your life tied to the business – learning the ropes, refining its operations, improving the service or products, and operating it.  You have to do a lot of research, due diligence and soul searching before arriving at a decision to buy.  [...]

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