The Four Questions You Need to Ask Yourself Before Registering Your Business
So you have a great business idea. You’ve perfected your product or service, you have a business plan, and you know all about managing cash flow and you know how to market your business. Not to mention you have just enough money in your savings to get this idea off the ground. That’s great! Now that all of that planning and preparation is taken care of, all you need to do is register your business and you can really get started. Easy, right?
Well, not necessarily. For first-time business owners, this step can be daunting, but it doesn’t have to be. Once you have found the answers to these five questions, you’ll be prepared to take that first step into the world of owning a legal business.
Risk vs. Reward: Why Investing in Small Businesses is Worth it
I come from a family with a history of entrepreneurship. My grandfather owned a Brooklyn luncheonette, my aunt currently runs a website development company, and my mother used to sell her handmade crafts and costumes at art shows. So when my sister told me about her dream of opening a restaurant, I never doubted her ability to do so successfully.
It’s been a while since she told me about her idea, and she still talks about it, but there still hasn’t been a grand opening. So what’s been holding her back?
It’s too expensive.
What did I have to say to that? In my ignorance, I said “you could get a business loan.”
Oh how little I knew of the world of microbusiness lending. It’s been increasingly difficult for small business owners to get the capital they need in order to get their businesses off the ground, and nearly impossible for startups.
Jersey City may be New Jersey’s Leading Champion of Localism
This month, Jersey City Mayor Steven Fulop proposed limiting development within the city’s downtown area to independently owned small businesses. The idea has been tried before in other communities – including San Francisco and Nantucket – but Jersey City would be the first in the Garden State to adopt the policy.
Are You Thinking Too Small and Dooming Your Small Business To Failure?
One problem that many small business owners run into is simply thinking too small. I often have readers writing to me asking for help getting their business ideas off the ground. I also often hear from folks who have run their small businesses into the ground.
There are five key areas where you can think too small -- and doom your business to failure.
5 Ways You Can Maximize Your Business Through Collaboration
Entrepreneurs are a notoriously independent bunch. If you didn't believe in your unique vision, you wouldn't be driven to bring your business into being! But there are some ways you can achieve more as part of a group than on your own.
Rising Tide Capital offers entrepreneurs a wealth of opportunities to connect with like-minded businesspeople. Through these connections, you can find mentors, share tips, cultivate creativity, and stay in touch with fast-changing markets.