A common question I get asked is, “What small business should I start?” My typical answer is: “Think about starting a business around something that sparks your passion.” I have a valid reason for giving that answer. The small business you start will take an incredible amount of time. Plus, as you build the business,…
If starting a business is in your plans, determining your primary reason for such an effort is vital. You may think that is an odd comment to make because people obviously start a business to make money. That’s true for some, but people start businesses for lots of reasons. Money is not always the primary…
For a business to exist for the long term, it must make money. Yet other values also can influence whether a business stays in business. It is surprising by the number of business owners who never have taken the time to determine if they are profitable at a basic level. There is money in the…
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