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Build It or Buy It
104 posts
Building Community While Creating Your Company: The Value of Social Networks to Solopreneurs
In order to learn more about the entrepreneurial experience, The Office Providers conducted a survey of solopreneurs, with the intent of learning about their startup experience. After analyzing the results of the study, we dove further into one of the questions we asked of the survey respondents to assist those just starting up: “What would...
5 Strategies to Turn Around a Program Launch That Isn’t Working
If you’re a few days into your program launch and you’re disappointed by lack of results, don’t waste your time by wallowing in what you think is failure. Before diving into these five steps, first recognize that no matter the situation, your launch is not a failure. I like to tell my clients that every...
5 Tips to Keep in Mind as You’re Starting a Business
Starting a business is incredibly exciting, but it also requires a lot of strategic planning if you want to create something going to last for years. Follow our top five checklist for precisely what new business owners need to know, and you can look forward to creating your own success. Five tips to know when...
5 Important Tips For First-Time Franchise Buyers
Many people have the goal of owning their own business. To expedite this process, becoming a franchisee of an established brand may be an attractive option, as entrepreneurs can build off a proven formula for success to guide their decisions as business owners. However, opening a franchise location is not a fast track to riches,...
Why You Should Buy an Online Business Instead of Building One From Scratch
Good news. You can purchase an existing online business. Whether you’re using an online marketplace, personal network or broker, there are many avenues to purchase an online business. Some business owners no longer have the passion to run a business or a new venture may lead exiting business owners to a fresh journey. Whatever the...
From Employee to Owner: How I Bought My Business
Every entrepreneur’s story is unique. Many individuals start off with a good idea. This idea allows them to create an offering or product that helps solve a problem facing customers. They acquire the necessary legal assets, including entity formations and tax IDs, so this idea may become a startup, launch, and open for business. What...
3 Lessons for Balancing a Side Hustle When Launching a Business
Any founder will tell you that starting a new business while working another job (or two for that matter) is lousy. Figuring out what that side hustle, or main hustle, will be to support launching this new endeavor is going to suck up two things in your life: your time and attention. But it’s important...
How to Leverage Your Full-Time Job to Fund Your Entrepreneurial Dreams
When I accepted a position at a software development company after college, I was clear with them from the start. During the interview, they asked about my passion and my goals. I shared that I was passionate about real estate and planned to work full-time for myself in real estate by 30. My job choice...
4 Important Questions to Ask When Buying a Business Right Now
The market looks vastly different than it did a year ago, which means new opportunities — for better or worse. As businesses reopen, they offer clues to which industries proved to be pandemic-proof, meaning they were hit hard but show strong promise of recovery, and which ones appear gone forever. If you were already researching...
This Franchisee Shares How to Survive and Thrive During Tough Times
The year 2020 will always be synonymous with words like “tragic,” “traumatic” and “tough.” For Mosquito Authority® franchise owner B.J. Bacha, it was certainly challenging, but it was also a year when being involved in an essential business brought out the full value in being a franchisee. As many other businesses were shut down by...
A Blockbuster Retail Franchisee Reveals Why The Chain Was Built to Fail
The following is adapted from the book "Built to Fail: The Inside Story of Blockbuster’s Inevitable Bust." Blockbuster was built by one of the most successful entrepreneurs in history, Wayne Huizenga. Before turning it into one of the most powerful brands in the entertainment world, he started Waste Management with a $5,000 loan and one...
Want to Start a Lower-Risk Business? Become a Franchisee
The day I became a franchisor, the ceiling collapsed. Literally. I was at Kidville headquarters in New York City and had just signed the final documents. The phone rang, and the CEO answered it. He handed the phone to me and said, “This is your problem now.” A heavy truck had pulled into the parking...
The Best Loans for Franchises
Opening your own franchise is a smart decision if you're an ambitious entrepreneur. Being the owner of a franchise offers the flexibility to be your own boss, yet with the security of owning an already established brand. Like with any business, though, the costs of starting up can be pretty high and you might need...
StartupNation Radio: Tom Berman of Nano Magic on Acquiring a Business
Welcome to another edition of StarutpNation Radio! On today's show, Jeff welcomes Tom Berman, president and CEO of Nano Magic. A merger of two formerly two different companies, today, Nano Magic is a leader in creating and bringing to market cutting-edge nanotechnology powered applications made in the U.S. with special expertise in liquid products to...
WJR Business Beat with Jeff Sloan: MLM Industry Surging During COVID (Episode 164)
While the COVID crisis has decimated certain business sectors, it is accelerating many others right before our eyes. One of those sectors growing significantly? Multi-level marketing, or MLM. Sixty three percent of companies reported to the Direct Selling Association, the industry's main trade group, that they've seen a positive impact on their U.S. revenues since...
This Franchising Expert Shares Game-Changing Steps to Becoming a Thriving Franchise Superstar
The following is excerpted from “The Wealthy Franchisee: Game-Changing Steps to Becoming a Thriving Franchise Superstar” by Scott Greenberg, Entrepreneur Press, 2020, XVII-XXIII. I’d just come offstage from keynoting the opening session of a quick-service restaurant franchise convention in New Orleans. The presentation had gone well and now, on break, a small group had gathered around to chat....
Tips for Starting an E-Commerce Business That is Built to Sell
Entrepreneurs are driven by many different motivators. Some may create a new business because they feel an abstract impulse to bring a particular vision to life. Others enjoy the prospect of building a legacy for their family, generating a steady stream of passive income, or even building a multinational enterprise. While many entrepreneurs won’t necessarily...
Build it or Buy It: StartupNation Radio feat. Coretek Services and Metro Signs
This episode of StartupNation Radio is brought to you by Pappas Financial On today’s episode of StartupNation Radio, Jeff is joined by frequent co-host, Norm Pappas, president and CEO of Pappas Financial. Together, they interview Ron Lisch and Paul Deters. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here First up, the two...
Build It or Buy It: StartupNation Radio feat. John Patry and Mike Kaszubski
This episode of StartupNation Radio is brought to you by Pappas Financial On today’s episode of StartupNation Radio, Jeff is joined by frequent co-host, Norm Pappas, president and CEO of Pappas Financial. Together, they interview John Patry and Mike Kaszubski. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here John Patry is...
WJR Business Beat with Jeff Sloan: Commando Lock (Episode 13)
On this morning's WJR Business Beat, Jeff shares the success story of local entrepreneur, Matt Damman, CEO of Commando Lock. A lifelong entrepreneur, Matt's story with Commando Lock is an interesting one. Instead of coming up with the product idea himself, Matt went out and found a product that was being underserved, and put together...