For most entrepreneurs, finding the money to launch their first business stands as a tremendous challenge. The good news is that getting a loan through the Small Business Association (SBA) is turning out to be a viable option for many business owners.
The SBA doesn’t directly provide loans itself, but instead, works to facilitate lending. SBA assistance can even extend into the realm of...Read More
There can be no doubt that the quality of your employees will directly impact the quality of your business and its long-term value. Employee quality and the success of your business are intrinsically linked. Unfortunately, far too many entrepreneurs learn this lesson too late, and their businesses suffer as a consequence. Employees who do not feel invested in a business and its long-term...Read More
It’s no secret that starting a company is a ton of work, which is why some people choose to invest in one instead. Approximately 20% of businesses fail within the first year.
Investing allows you to leverage the company’s existing industry presence rather than build from the ground up. Before you move forward with business investment, it’s essential to understand how to...Read More
In the day-to-day routine of running your business, it is easy to forget that eventually the day will come when you need to sell. The last thing that any business owner wishes to discover is that they are ready to exit, but they are hopelessly underprepared. One of the key ways to prevent this from happening is to prepare for the sale of your business as far in the future as possible.
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In 2023, people filed 7,672 new business applications in the state of Missouri. This number is up 14.5% from the applications filed the previous year.
If you dream of owning a business, don’t let potential costs deter you from achieving your goal. New business formation doesn’t have to break the bank. These days, there are countless low cost business ideas with high profit margins...Read More