Entrepreneurs considering business formation might benefit from a tip offered by Entrepreneur magazine: plan. According to the source, improper planning is one of the leading causes of startup failures.
Even in light of recent announcements that the government will allocate $30 billion to banks to make loans to small businesses, entrepreneurs are reportedly struggling to find startup funds. One business consulting company offers some tips for businesses to gain loans in trying times.
Each business entity registered or filed with the Florida Department of State is required to file an annual corporation renewal in order to maintain their “active status.” The Division of Corporations reminds entrepreneurs that the report deadline is fast approaching. The report is due by May 1 to avoid filing fees.
For entrepreneurs interested in starting companies, it’s important to learn the basics about business. For would-be owners of all business types, Entrepreneur.com offers some tips about skills and knowledge that should be acquired before business formation.
In spite of the administrations’ recent $30 billion pledge to help fund small businesses, many entrepreneurs are reportedly still struggling to find startup funds. Would-be business owners might benefit from Inc. magazine‘s tips on writing great business plans to garner investments.
For many entrepreneurs who are finding their businesses growing as the economy recovers, this might be a good time to consider incorporation. The Houston Chronicle offers some insight on incorporating a business to gain legal benefits.
A report from the Small Business Administration indicates that economic trying times often provide the best climate for new businesses to find success. Still, that doesn’t mean finding the funds to start new businesses is easy in the midst of recession.
In spite of the administration’s recent proposal to give $30 billion to community banks to offer startup loans, many entrepreneurs are reportedly finding it difficult to secure startup funds. The Clarion Ledger offers some advice about maintaining good credit to get loans.