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REASONS YOU SHOULD START A BUSINESS WHEN YOU ARE OVER 50
January 23rd at 9:34pm
If you are over 50, do not let your age be an obstacle to start a business. Older entrepreneurs have many advantages over their younger peers. In fact, the fastest growing companies have been founded by people 45 years or older, and you may have the same opportunity to do the same. Here’s why: Many investors will see you as a more mature and experienced person to trust their money with.If you partner up with a younger person, then investors and other people interested in your business will have the best of both worlds.Older and mature people are more willing…
BEST SMALL BUSINESS IDEAS
February 7th at 4:08am
There are tons of small business ideas, and what defines a “best” business idea largely depends on an aspiring entrepreneur’s personality and skill set (and its potential to earn you money, of course). The best small business ideas ultimately depend on the entrepreneur—their background, budget, and the kind of small business they’re interested in starting. The business ideas on this list will help give you a better sense of the possible requirements and planning that are involved in starting and running a small business—including how you may or may not be suited for one of these particular options. Best Small…
BEST FINANCE ADVICE FOR BUSINESSES
January 31st at 3:59am
The finance part of the entrepreneur’s job — working with numbers, ledgers and spreadsheets — can seem tedious by comparison. But understanding and implementing sound financial management techniques contributes significantly to the long-term success achieved by the company. First Things First: A Few Financial Basics Create a Financial Calendar. Check Your Interest Rate. Track Your Net Worth. Set a Budget, Period. Consider an All-Cash Diet. Take a Daily Money Minute. Allocate at Least 20% of Your Income Toward Financial Priorities. Budget About 30% of Your Income for Lifestyle Spending. Separate Your Personal and Business Banking Accounts Though at first this…
DO YOU NEED A BUSINESS ACCOUNTANT?
January 17th at 3:45am
Every business, no matter how small, needs a financial and tax advisor. But your business needs a Certified Public Accountant (CPA), not just an accountant. Small business accounting can quickly become complex if you do it on your own. If you feel you’re losing control of who owes you money and how much, an accountant can help you get back on track. You may also want to measure key business metrics, such as the ratio of salaries and other employee payments to total revenue. An accountant can help here by managing your payroll and producing graphs so you can see…
TONY ROBBINS: BEST ADVICE
January 10th at 3:37am
Always be hungry. “The best entrepreneurs on earth never lose that hunger–they are hungry to grow, hungry to give, hungry to contribute,” Robbins says. “It’s more important than intelligence. There’s nothing that will stop a person who is hungry enough. A hungry person, failure doesn’t stop them.” Tony Robbins is described as an entrepreneur, a bestselling author and a philanthropist. Out of the dozens of known business gurus and strategists, he is adjudged as the #1 Life and Business Strategist in the United States, and a “world authority on leadership psychology” While all of Tony Robbins‘ one-on-one coaching sessions are…
BUSINESS LESSONS FROM RICHARD BRANSON
January 3rd at 3:25am
As a wildly successful serial entrepreneur, Richard Branson is uniquely qualified to give advice to young people who aspire to start a business or side hustle. Branson himself dropped out of school at 16 to launch Student magazine, his first venture, in 1968. Here is some of his best advice: “The spirit of adventure will keep you curious; open your mind to great opportunities; and steer you on a lifelong quest to prove that impossible is just a word.”“Never stop dreaming and creating.”“Don’t ever let anyone prevent you from going after your dreams.““You will face many challenges, and often feel…
VENTURE CAPITALISTS: GOOD FOR YOUR BUSINESS?
December 27th at 9:34pm
A venture capital fund is an investment fund made up of contributions from wealthy individuals or companies, who give their money to a VC firm to mange their investment portfolio for them and to invest in high-risk start-ups in exchange for equity. Often, the greatest obstacle between a great idea and a profitable business is cash. Venture capital can be a viable financing resource for either a start-up or a going business. Venture Capital (VC) firms make calculated investments in companies that they believe have the potential to make them money. Advantages: The primary advantage of venture capital financing is…
HOW TO ATTRACT INVESTORS
December 20th at 9:34pm
Before you even begin to consider outside investment, consider how you can launch the company and get to revenue before you have to raise money. Although it seems hard in the short-term, it’ll be better for you in the long-run in terms of your knowledge of the process, and building your own equity. Too many young entrepreneurs become obsessed with raising angel and venture capital. When this happens, these folks lose sight of the real reason they became entrepreneurs – to launch and grow their company. How to Attract Investors for a Startup Start with a research of your own. Be…