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Early-stage businesses face myriad challenges. Startup competitions, sometimes known as pitch competitions or business plan competitions, address several: attracting startup capital, building investor and advisor networks, raising visibility in the marketplace, iterating business models and plans, and uncovering new ways to…
I have many fond memories of my high school business class. This is mostly because the teacher was knowledgeable and engaging – and pretty much a walking caricature of a high school business teacher, right down to the bow tie. But…
Even the most driven, talented entrepreneurs face a very real risk of failure. Although business failure rates aren’t as high as many claim — 9 out of 10 businesses failing within five years is an often-cited yet erroneous figure —…
Millions of Americans in the workforce today started out earning minimum wage. Millions more still do. According to the Bureau of Labor Statistics, about 1.6 million people — 1.9% of all hourly workers — were paid at or below the…
Etsy has long been the sales platform of choice for independent artisans and craftspeople. However, while selling on Etsy remains lucrative for many of its roughly 2 million merchants, the platform certainly has its drawbacks. For example, in 2019, The Verge reported on…
According to a CareerBuilder poll conducted in 2017, about one-third of all American workers have at least one side gig. This doesn’t surprise me, because I was one of them for several years. I worked 50 to 60 hours per…
Translating an innovative concept into a thriving business is a complicated and unpredictable proposition. For entrepreneurs without the resources to fund a startup out-of-pocket, it’s essential to secure adequate financing — often before the nascent company has any revenues or…
Shopify is the go-to e-commerce solution for hundreds of thousands of small and midsize businesses. But it’s not the only option — far from it. And, as any merchant who’s used its tools knows, Shopify is definitely not the cheapest…
Whether it’s auto insurance, homeowners or renters insurance, or life insurance, chances are good you have at least one personal insurance policy to your name. It’s a little easier to sleep at night knowing you and your loved ones have…
The small business you started with your college roommate isn’t so small any longer. With a couple million in revenue and about a dozen employees, it’s humming along nicely. An independent appraiser values your respective 50% shares at more than…
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