Business strategy is a critical component of any successful enterprise. It’s a definition of who you serve and how you do it.
Exit planning is a critical process for every entrepreneur to engage in with myriad opportunities to increase the value and attractiveness of your business.
When you start a small business it needs to operate under a specific legal structure for both liability and taxation purposes. In the western world, there are three main types of legal frameworks for small businesses:1) Sole Proprietorship2) Limited Liability Company (LLC)3) PartnershipKeep in mind that no matter what option you choose, it’s not permanent. …
Maintaining an adequate cash flow is one of the greatest challenges of entrepreneurship. It’s important to make sure that you have the tools to address it.
You may feel that success as an entrepreneur depends on hard work but hard work alone is not enough. To succeed, you need to know the basics of survival.