The Internet has made it possible for anyone to open an online business and either create a side gig or a full-time income stream. The cost of opening an Internet business is generally low, so you aren’t initially saddled with debt and can instead become profitable (hopefully) from the beginning. While being an Internet retailer… Continue Reading
Category Archives: Business
Avoiding Business Bubbles About to Burst
Nothing lasts forever. This couldn’t be truer when it comes to business booms. As the dotcom bubble of the early 2000s demonstrated, what goes up tends to come back down at the same speed. Any financial advisor or planner will tell you to never count on any “hot” business idea being hot for too much longer. … Continue Reading
What is a Mutual Company?
How would you feel if you weren’t a customer but rather an owner of your life insurance company? How about if you were an owner of your investment company, rather than just a plain account holder/customer? Imagine a world where the company theoretically cared about the customer because they were owners of the companies. Although… Continue Reading
Business Succession Planning Should be a Priority for Business Owners and Professionals
There is one aspect of running a business that most business owners often overlook; succession planning. I am often reminded of the vary scary scary fact that, Approximately 90 percent of U.S. businesses are family firms, ranging in size from small “mom-n-pop” businesses to the likes of Walmart, Ford, Mars and Marriott. Family businesses are… Continue Reading
My First Experience With Being an Entrepreneur?
A lot of people talk about their first “job” and what they learned from it, or starting their first “full fledged” business, but I rarely read online people’s first experience with starting “something” for profit. I am talking more grassroots…the “quasi” business. The idea that you are creating value that someone is going to purchase… Continue Reading
Family Businesses and Succession Statistics
I recently read two amazing articles on family businesses, and more specifically family business succession planning. Both provided amazing statistics that I felt that I had to share since I know quite a few of my readers are business owners. The take away from both stories that it is simply irresponsible if you have a… Continue Reading
