Entrepreneur Series

Becoming an Entrepreneur Part I: Questions to ask before choosing to become an entrepreneur

While a lot of people would love to be their own boss, not everyone is cut out to be an entrepreneur. If it was easy then everyone would do it, but according to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. So before you head down the entrepreneurial path, here are 10 questions you should ask yourself. (more…)

Entrepreneur Series

Becoming an Entrepreneur Part II: Why small businesses fail and the resources to help you with your new journey

In the first part of this series we discussed self-reflection and the questions you should ask yourself to decide whether the entrepreneurial path is right for you.Starting a small business is always risky, and the chance of success is slim, but recognizing the reasons businesses fail and avoiding common pitfalls can be some of the keys to success. (more…)

Entrepreneur Series

Becoming an Entrepreneur Part III: Five considerations to help you determine your entrepreneurial goals

This is the final part of our initial Becoming an Entrepreneur series. As a quick recap, we have discussed the questions you should ask yourself before deciding to become an entrepreneur and the most common reasons why small businesses fail. If you still believe you have what it takes to become an entrepreneur – Congratulations, it’s time to get to work! So now the next question is what type of business do you start? Here are five things you should consider when deciding on the type of path you want to choose. (more…)

Entrepreneur

Choosing your Entrepreneurial Path: Buying a Business

Many find the idea of running a small business appealing, but they lose their motivation after realizing, as they develop their business plans, talk with investors, and research the legal issues associated with start-ups, that it can be a big risk. For those disheartened by such risky undertakings, buying an existing business is often a simpler and safer alternative. (more…)

Choosing your Entrepreneurial Path: Government Contracting

In a previous blog post, we talkedabout some of the different entrepreneurial paths one could choose. Today, we are going to give you a brief overview of Government Contracting and whether this path might suit you. As we explore the different paths we will start with some of the reasons why a particular path might suit you in regards to your military experience and the advantages that come with being a veteran. (more…)

Choosing your Entrepreneurial Path: Franchising

An important step in the small business startup process is deciding whether or not to go into business at all. Each year, thousands of potential entrepreneurs are faced with this difficult decision; because of the risk and work involved in starting a new business, many new entrepreneurs choose franchising as an alternative to starting a new, independent business from scratch. (more…)