Monthly business applications averaged 430,000 nationwide in November, according to the U.S. Census Bureau. This marks the 11th consecutive month of numbers well above the 342,000 in December 2020. While starting a business is exciting, it can also be more challenging than expected. And because about a third of businesses with employees fail...
When launching a company, the desire to grow quickly can be overwhelming, but successfully moving a company to the next level means carefully stabilizing a business model as well as proving viability. Without attention to these necessary details, along with finances, intelligent hiring and other operational needs, you run the risk of becoming...
A company’s balance sheet is one of several important financial statements that report on its performance. But to understand the importance of a balance sheet, you need to understand the balance sheet equation and the types of accounts it uses. Then you can download a balance sheet…
When starting a business, taking a look at well-known players in your industry can be uniquely motivating, not least because it clarifies where you want to go and how to need to innovate. But it’s also vital, in that examination, to ground yourself for a minute. Those companies weren’t always…
The questions about the new normal have emerged since the COVID-19 pandemic changed our lifestyles. Nowadays, the only thumb-up rule is to beat the tide of uncertainty through persistence, creativity, and strong faith in better days.
Entrepreneurs who are willing to navigate through a new sea will…
There are times when venture capital may make sense for your business. Here’s how to do it right.
In the business world, there is a slight but important distinction in the terms incubator and accelerator. The terms are often used interchangeably, but technically, an incubator is for earlier-stage startups…
Telling your employees to “take ownership” is an ambiguous request. Here’s how to identify where an employee is falling short, so that you can share clearer instructions instead.
Taking ownership is a call to action from managers that…