Not all of the key elements to success for a new company are based upon measurements of market size and unit profit margins. Sometimes the pivotal factor is simply the personal touch of an entrepreneur.
Billionaire entrepreneur Mark Cuban knows a thing or two about starting a business. Like so many of the well-known success stories, Cuban had a string of failed career choices before finally starting a business from scratch and later selling it making him an instant millionaire. Also like so many stories, he lived what might be […]
Selling a few items on Ebay or Etsy may not create large and complex tax scenarios but your business doesn’t have to be very large before you have additional tax rules to follow and understand. Some small business owners pay more taxes than they should while others find themselves in tax trouble. The IRS won’t accept […]
Times have changed and that’s a good thing for the budding entrepreneurs of the world. In the past, starting a business often involved leasing retail space, purchasing expensive equipment and hoping that your idea would take off in to a profitable venture but no longer does it have to be that way.
New companies that use electronic commerce are successful when targeting a narrow clientele because their reach is so broad. Illustrating this is Citrus Lane, which sells $25 per month subscriptions to mothers with small children.
It always comes back to money, doesn’t it? You have a dream of starting your own business but looking at your bank account balances reminds you that in this case your dreams may be larger than your wallet. Some businesses may require very little in startup funds while others may take millions of dollars.
Knowing what you really need versus what is a luxury isn’t always easy to figure out especially if you’re a new entrepreneur who has never started a business. Some expenses are impossible to avoid and are essential to opening your doors. The small expense of forming an LLC or other business structure is an essential […]
Everyone knows that hangovers are common in Las Vegas, but only one person viewed this an opportunity to start a new business. Jason Burke was right when he decided that people are willing to pay for a convenient solution to their troubles after a rough night on the town.