Posts by lenashorepango
Franchising vs. Starting a Business: Which Is Right for You?
If you have the itch to begin a new business, you need to decide what type of business is best for you. In the briefest of terms, the simplest choices are beginning a start-up or investing in a franchise with a major chain. To help you figure out if franchising vs. starting a business is…
Read MoreCreating a Strong Brand Identity for Your Start-Up
Many people start companies by focusing heavily on their products, how they’ll distribute them, and how it will cost them. These are all vital aspects of a new business, but none of them will be of any use without a proper marketing strategy—and that starts with a strong brand image. If you aren’t sure how…
Read MoreFunding Your Business: ROBS vs. Self-Directed IRAs
Many people who start or purchase a business take out loans to finance it, but this isn’t the only option. It’s possible to avoid going into debt by using your own retirement funds instead. Although withdrawing these funds before a certain age could result in taxes and penalties, there are ways to access this money…
Read MoreStep-by-Step Guide: What You Need To Start Your Own Business
Individuals who set out to start their own business need to consider the steps to take beforehand. The information, planning, and partnerships you make before getting the ball rolling on your professional plans can make or break your business endeavor. Creating a company from the ground up is a seemingly insurmountable task, a job made…
Read More4 Reasons To Start a Business in Retirement
Retirement doesn’t have to be the end of your career. You can still run your own business during this time, and if you’re past the age for full retirement, you can still receive all your social security benefits while running the business. If that’s not enough to inspire you to do this, then this list…
Read More7 Steps To Effectively Develop Your Business Growth Strategy
As much as we’d like for it to be, no business ever uses the same strategy they originally developed throughout the entirety of their existence. Eventually, you’ll need to fully explore and develop new ideas. That’s where business growth strategies come into play. Setting up one of these is what will help your small business…
Read More4 Types of Risks Small Business Owners Face
Even though the appeal of being your own boss seems like it would trump any negatives of starting your own business, you shouldn’t overlook the risks associated with this career change. There are many types of risks that small business owners face every day, which is why we’re taking the time to go over the…
Read MoreDebunking 4 Common Misconceptions About Franchising
Owning your own franchise is one of the most misunderstood sections of anyone not involved in the business world. As a result, there are a lot of assumptions that get made, which are, more often than not, completely untrue. That’s why we’ve decided to take the time to start debunking some common misconceptions about franchising. You…
Read MoreKey Benefits of Outsourcing for Small Businesses
It’s not always feasible to keep everything in-house when you run a small business; it’s often necessary to outsource projects and other procedures. Knowing the key benefits of outsourcing for small businesses allows you to make the financial choices to save money while maintaining productivity and quality. Be aware of how you can take advantage…
Read MoreWays To Identify Your Target Market as a Start-Up
The most important part of establishing any business is to know how to identify your target market. Without this knowledge, you risk mismanaging your marketing strategy, potentially losing your ideal client base to the competition. Do the necessary research beforehand, and utilize the best strategies to ensure your services and products get to your target…
Read MoreThings To Consider Before Seeking Franchise Funding
Opening up a business in a franchise is a common route small business owners take; it’s already an established name brand that allows owners to find their financial footing faster. But there are some things to consider before seeking franchise funding to ensure the greatest chance of success; jumping in headfirst can lead to financial…
Read MoreSmall Business Ventures To Consider in 2021
Being the head of a business allows for financial and administrative freedom, but it comes with several logistical and management concerns that can be overwhelming. However, by utilizing your own talents and enlisting the professional abilities of others, you can start off with a solid business strategy with reduced risks. Be aware of some small…
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