Starting A Business

The Ultimate Step-by-Step Guide to Launching a New Tech Product

By Ivan Zografski The tech industry is rapidly emerging. Statista estimates the 2019 total tech spending worldwide at $3.36 billion. And although the industry is overcrowded with tons of different products, the potential is still huge. New products are emerging every day. Launching a new product can be very difficult. No matter whether you’re launching …

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Business Entity Types 101: Is It Time to Rethink Your Business Structure?

A lot is riding on the business entity type you choose. The business structure you decide on affects your legal liability as an owner, tax obligations, growth potential, and compliance requirements you’ll need to satisfy on an ongoing basis. To make matters more complex, the entity type that’s right at the beginning of a business’s …

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The State of Minority-Owned Businesses: Women Entrepreneurs

How are women business owners faring these days? Better, even though the Global Entrepreneurship Monitor (GEM) 2018-2019 Women’s Report, coauthored by researchers from Babson College and Smith College, says the number of startups by women worldwide still lags that of men. Total Entrepreneurial Activity (TEA) represents the percentage of the adult working-age population, ages 18 …

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Think and Grow Big: 13 Small Business Experts Share Strategies for Maximum Growth

Want to improve the odds that your small business goes big? Don’t feel you have to go it alone. Small Business Development Center (SBDC) consultants and advisors provide free consulting to help small business owners start or expand their businesses. This month, America’s SBDC—which is comprised of some 1,000 centers nationwide— celebrates forty years of helping …

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The State of Minority-Owned Businesses: African American Entrepreneurs

It’s been a relatively good few years for African American small business owners. According to a subset of data in the 2020 State of Small Business survey from Guidant Financial and the Small Business Trends Alliance (SBTA), African American small business owners are happy these days. In fact, 70% of them say they are either …

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Check Out These Podcasts to Keep Up With the Latest Business and Industry Trends

Many entrepreneurs make a point of following the emerging trends within their industries. If you’re looking for something beyond traditional trade publications, there are a number of rich sources of information and discussions available, including industry-specific podcasts. To help you learn about some of these resources, we asked a panel of Young Entrepreneur Council members …

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Should You Sign a Personal Guarantee for a Small Business Loan?

By Veronica Baxter Every small business must contend with the challenges of financing their business operations. Whether you’re just starting up or expanding, business loans are often a critical part of a small business’s success. But what if you are required to personally guarantee the loan? Should you? Read on to learn about how a …

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7 Reasons Why You Need a Business Mentor—And How to Land One

By Brian Winch One way to get strategic with your business trajectory is to land a trusted adviser in the form of a mentor. Mentoring can take many forms, such as a one-on-one relationship or a mentoring circle within an organization. The best mentor-mentee relationships involve two-way learning and reciprocation. Mentors help professionals feel more …

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How Risk-Taking Can Lead to Success in Business

By Myra Singh “The biggest risk is not taking any risk. In a world that’s changing very quickly, the only strategy that’s guaranteed to fail is not taking risks.” These words of wisdom are from Mark Zuckerberg, chairman and CEO of Facebook, the world’s most popular social media platform. Zuckerberg also ranks among the top …

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5 Ways to Brainstorm (and Protect) a Brilliant Business Idea

When you hear the word “inventor” what comes to your mind? Images of American’s most accomplished inventors like Benjamin Franklin or Thomas Edison? Or do you think of the silly characters in movies—like Belle’s father, Maurice, in Beauty and the Beast, or Dr. Emmett “Doc” Brown of the Back to The Future movie trilogy? Obviously, not …

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Latest Trends in the Booming Beauty Industry

Lately, I’ve been spending too much time searching for the best makeup for “mature,” dry skin. Apparently, according to The 2019 AARP Survey of Women’s Reflections on Beauty, Age, and Media , I’m not the only boomer in search of beauty solutions. But as the BeautyMatter blog points out, while beauty’s importance to women “doesn’t diminish with …

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