Selling your small business isn’t the end of the world. Many small businesses get sold every year, while many more replace them. About 600,000 new businesses open in the US every year and about 40% of the country’s workforce work in these businesses. Additionally, there are about 30 million small businesses in the US, and they comprise 99% of […]
If the COVID-19 crisis has taught us anything, it’s that our bigger parties and events may be canceled, but love, family, and relationships don’t need to be. The pandemic shows us that even if big gatherings and events are restricted, people will still find a way to celebrate important events and milestones—albeit with a smaller number of
There are plenty of reasons why a person would want to sell a business. First, he has been working for a very long time and has reached an age where he wants to move on to other things or retire. Second, the business no longer interests him, and he wishes to focus his attention on
The United States has always been a melting pot of different cultures, and each culture brings their own twist to the menus of Americans everywhere. Thanks to diversity, you can eat delicious biscuits from the Denver Biscuit Company or indulge in boutique desserts from micro-bakeries. But many long-lasting staples of American diet come from Italian
Venturing into entrepreneurship means ultimately taking ownership of success or failure. It will pose questions of your all-around skill set, not just in terms of industry expertise but also interpersonal skills. Fearing the intensity of this high-risk, high-reward proposition can lead most people to rule out even trying before they begin. But what if there were
When you’re planning your startup’s future, it’s normal to focus on the major aspects of the business, such as marketing, production, and operations. But it also makes sense to foresee the possible legal disputes that you may have to deal with. The last thing you will want to happen is to exhaust your energy and
One common mistake that many small-business owners make is assuming that an assault won’t happen to them, whether it’s a cyberattack or a physical intrusion. They think that because of their small size and value that criminals won’t bother to target them. Data breaches and system intrusions are things that only happen to larger businesses.
According to the bureau of labor statistics, more than 94% of startup businesses fail during their first years of operations, and it turns out, lack of funding is the most common reason for failure. Money is the bloodline of all businesses, and you can’t launch your business nor manage operations for long without it. Fortunately, there