February is National Start a Business Month. Entrepreneurs who are considering business formation might get into the spirit of the month with a little advice from some successful small business owners. Recently, the founders of an online legal document company shared some tips for startup businesses. The first piece of advice they offered is for […]
Recent technological developments – particularly the recent release of the iPad – make evident that the evolving digital world offers business owners countless opportunities to develop their small businesses. For entrepreneurs considering business formation, the new technology might also inspire innovative business plans.
Incorporating a small business may seem like a necessary step that entrepreneurs want to get done fast, but this process should not be taken lightly. A recent case study explored in Entrepreneur magazine demonstrates the value of smart business formation. One entrepreneur – Marie – recently contacted Entrepreneur magazine’s affiliated lawyer, Nina Kaufman, to close […]
Research shows that cognitive conflicts – debates about what to do and why – have helped some young companies flourish. Yet, many entrepreneurs fall into the trap of thinking that conflicts will weaken their new business.
Entrepreneurs who are considering business formation are probably well aware of the existence of big companies that could be their competitors or potential acquirers – often called incumbents. But these major corporations don’t have to stop new businesses before they start.
Deciding on the perfect name for a startup business is an important step. But why risk taking time to carefully pick a strong name for a target market only to find it is already in use?
Recent data from the Kauffman Foundation says that business formation rates are independent of the economic climate, but the economic climate still determines the success rate of applications for startup loans.