The entrepreneur freedom lifestyle comes with promises of forging your own path, making your own decisions, and living on your own terms. You choose your work; you perform your work and then inevitably your business becomes an extension of yourself. This is magnificent. No clocking in or out, no boss over our shoulders, we get to make the decisions and do business our way. Magnificent. And if you are an entrepreneur or a small business […]
After a business plan, what follows is a business continuity plan. Unlike a business plan, a business continuity plan (BCP) is a document that outlines how the business intends to continue with its operations in case of a disruption. More often than not, a business continuity plan is confused with a disaster recovery plan. BCP is much more comprehensive than the recovery plan and usually contains specific contingencies for the business processes, assets, human resources, […]
How To Start A Business: Research Stage In the first article of this series, we looked at how to fine-tune your business idea to match up the needs of your target audience. We also delved deeper into how as an entrepreneur you can identify the market gaps that will inform your business idea and how to take advantage of the information around you and turn it to your good. In this article, we will look […]
People always get confused between business credit and personal credit. But the two have a common similarity in that when they are strong they could help you fetch better deals in the market, like help you qualify for lower insurance premiums or interest rates. If your business is new, however, you may not need a business loan right away, but at some point, you may do. A common worry for most business people is figuring […]
Researching and fine-tuning your business idea to match the needs of the market. To date, there are about 28 million small-scale businesses registered in the United States. According to Small Business Administration, this makes up about 99.7 percent of all U.S. business and when you consider all the reasons why people start a business, including financial independence or designing a career where they are flexible, it explains why there are so many businesses. To start […]
