Research from the Federal Reserve Bank of New York shows that more than half of small business owners who apply for a loan, fail to secure them. One of the primary reasons cited is that the businesses that apply for these loans have poor business and personal credit scores. As a business owner, you should know that keeping your business credit and personal credit and all financial information separate and well organized is essential for […]
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 […]
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 […]
