One of the most crucial decisions you will make as you plan to start a new business is the type of entity you wish to form. With so many options, it can pose a challenge to wade through all of the advantages and disadvantages in order to make a choice.
Whether your business is a small mom-and-pop restaurant or a thriving corporation, reputation and brand are everything. Even with the best in products and services, you are not likely to be successful if your customers do not trust your brand or have heard bad things about you. Simply put, they will head to another company with similar products if they believe you are untrustworthy or dishonest. One way to increase sales is to build a strong reputation from the start. Here are five ways to do just that.
You may think that trade secrets are primarily owned by corporate giants who jealously guard their formulas for making things like soda pop and special sauce. However, the definition of a trade secret is quite broad, and even if you are a small business owner, you likely have at least one or two of your own.
There are many things that are common among small businesses. A recent study suggests that not having much in the way of savings is one of them.
One of the major decisions for a person as they are starting a new business is how to finance the business as it is starting up. Among the things that typically go along with starting a business are lots of costs.