When entrepreneurs mention they are considering business formation, many advise them there is less risk in purchasing a franchise. But a study by Tim Bates at Wayne State University indicates that independent business startups could be more profitable.
Entrepreneurs who have dreamed of starting their own companies may be interested in what seems to be a new trend in getting startup funds needed for business formation. According to a report from CIO Today, many entrepreneurs are starting to dip into their retirement savings to finance their startups.
While the corporate world continues to struggle, it seems many out of work Americans are finding their own solutions for success in the face of recession. According to Poder 360, the percentage of unemployed people who are taking on business formations has been steadily increasing over the past couple of years.
For entrepreneurs who are considering business formation, the idea of starting a company and finding good employees might be nerve-wracking. Luckily, Venture Hacks advocates the Elad Blog’s tactical tips startup business owners can use to find workers.
For first-time entrepreneurs, the startup world can seem tough to break into. But small business experts at Forbes.com remind entrepreneurs considering business formation that starting a company doesn’t have to be hard.
Undergoing business formation requires start up capital that some entrepreneurs worry will be hard to find in trying times. But entrepreneurs who are unable to secure funds from banks don’t have to put away their business plans.
A study from the Small Business Administration shows that non-employer business formation rates go up during periods of high unemployment. For entrepreneurs who are thinking of starting a sole proprietorship, Business.gov offers some tips on startups with the potential for growth in 2010 that don’t require significant startup capital.
For the many entrepreneurs considering business formation this year, it might be wise to remember that an uncle who is in business might not be your strongest co-founder. According to Business Insider, a weak founding team is one of the leading causes of failure for new companies.