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.
For startup business owners, deciding when to incorporate and which business entity to form is an important step for growing a company. Two well-known forms of business are corporations and limited liability companies. The eCommerce Times offers some insight into the original purposes of these entities and how they remain viable ways to protect businesses.
As the economy is slowly recovering, it may be time for small business owners to start thinking about how to expand their enterprises. Suite101.com offer some tips for growth that might benefit all business types.
The first-ever national arts index revealed that funder commitment to the arts is declining in tough economic times. In light of the inconstancy of donor funds in recession, this might be a prime moment for artists to bank on their talents through business formation.
Entrepreneurs who are considering business formation might be focused on which state they should incorporate their businesses in, but regardless of where they operate they should remember that today’s economy calls for catering to a global market.
The Small Business Administration reports that entrepreneurs are the leaders in driving economic recovery with small businesses creating 64 percent of net new jobs over the past 15 years.
Entrepreneurs who are considering business formation know having a strong business model is important to securing investors’ funds. A report from ReadWriteWeb.com suggests it may be time for startups to consider moving away from advertising models and shift toward building new businesses on micropayments and subscriptions.
It seems in South Africa, a number of startup companies have financing troubles because of limited angel investor funds. This was the topic of a panel at the recent South by Southwest Interactive Festival in Austin Texas, and one proposed funding model might be promising beyond the South African borders.