Displaying items by tag: Startup Basics

How do you know when the time is right to make the leap?...

 Black women have a certain tenacity and strength of purpose that serves us well in the world of entrepreneurship. And it’s paying off; women-owned businesses are growing more rapidly than the national average, and African American-owned businesses are growing even faster.[1]Still, women-run businesses start off with far less capital and tend...

How to use an approach called 'design thinking' when you're creating a new product or business....

A franchise can be a great on-ramp to small business ownership. Here's how to decide on a new or existing franchise purchase.Becoming a franchisee can be a great path to entrepreneurship. You can leverage the benefits of an established brand and a proven operating plan and the franchisor may serve as a source of capital--something that is...

Thinking about bringing loved ones into your business? Before you take that leap, here's what you need to know to protect your relationships and your company....

When the work is hard and the hours are long, these are the reasons founders keep doing what they do.I recently asked fellow members of the Young Entrepreneur Council--an invite-only organization made up of the world's most successful young entrepreneurs--just what it is that makes them work so hard. Money? Success? Autonomy? Or do entrepreneurs...

Thinking of starting a company? There are many things you need to consider, but first, are you even ready?As a recovering serial entrepreneur, the unsolicited question I get asked most often is some version of: "How do I know if it's the right time to start my own business?"You'd think this would be a hard question to answer. After all, everyone...

Navigating supplier relationships is just one of the many challenges facing new business owners. Here are some basics for those just starting out....

For cash-strapped startups, spending big bucks on marketing isn't a possibility. Instead, here's how to drum up customers directly....

The No. 1 factor that prevents entrepreneurs from starting a new company or meeting goals is fear. Simple ways to check your fears at the door.I interview entrepreneurs every week for my radio show. I also coach business owners over coffee and cheap bar food. The recurring theme across these conversations: overcoming fear.We all have fears. But...