Real estate is a lucrative investment that can turn your fortunes. The asset values for your properties have low depreciation compared to investing in other sectors. In addition, the returns are plentiful. The payback period for a well-managed property ranges between seven to ten years. This means after that, that asset becomes an eternal revenue-generating source.
Making it as a young entrepreneur entails a good business plan, hard work and risk taking. Young entrepreneurs form a crop of resilient youth. Entrepreneurs are courageous enough to forgo employment and seek their passions. Twenties can be tough to many seeking self-employment through ventures and small businesses. To succeed as an entrepreneur in this...
To be an entrepreneur one has to take risk to actualize a particular idea. This entails setting up a business model around the idea in order to make money. Entrepreneurship is highly rewarding if done well. Globally, the richest persons on earth are comprised of famous entrepreneurs. These crop of billionaires have expansive businesses in technology, retail, manufacturing, apparels and real estate. For many entrepreneurs, financing in the initial stages was a challenge. To avert this, seek institutions like LenCred who offer flexible financing to get you started. Below is a snippet of famous entrepreneurs with their stories that you could emulate and get inspiration from.
Entrepreneurs are some of the richest people in America. To succeed in wealth creation through entrepreneurship it requires values and character. Alternatively, you need to understand what is entrepreneurial mindset. You need to be in line with how successful entrepreneurs think. Their attitude towards their business environment and how they influence it rather than adapting...
As an entrepreneur who has used a credit union and traditional bank for my business banking needs, I have much to say about this topic. Although many small business owners use traditional banks (e.g. Bank of America, J.P. Morgan Chase, etc), a credit union is my preferred banking institution for my business needs. This is primarily because my business is tiny (it’s just me and a few independent contractors). In this blog I’ll identify why I believe credit unions work best for America’s smallest businesses (and I’ll do my best to do it from a non-biased view point). By the time you’re done reading this blog you may be convinced that a credit union is better (for your small, tiny little business) than a traditional bank.
A community bank is often created to help fuel economic activity in designated areas. This can help small business startups in several ways. For example, the government established the “Small Business Lending Fund” as a result of the Small Business Jobs Act of 2010. The Small Business Lending Fund provides qualified community banks with loans...
If you plan on presenting your small business to angel investors or venture capitalists to get funding, you’ll need to create a good elevator pitch. An elevator pitch is a 3-minute verbal presentation that explains your business and your track record. A great elevator speech should be designed to sell your business to potential investors....
Whether your company is a startup or established business, it’s important that you can explain your business model to anyone who will have a vested interest in your company. Your business model should identify the resources required to successfully implement your business processes and generate revenue. People who have a vested interest in your company will want to know this information. This includes your potential business partners, banks and investors.
Whether your company is a startup or established business, it’s important that you can explain your business model to anyone who will have a vested interest in your company. Your business model should identify the resources required to successfully implement your business processes and generate revenue. People who have a vested interest in your company will want to know this information. This includes your potential business partners, banks and investors.
A sole proprietorship is usually the type of business entity many new entrepreneurs form. It’s very easy to start a sole proprietorship which is why so many entrepreneurs begin there. However, before launching business operations, it’s important to know and understand the different types of business entities that you can form. Knowing and understanding how they all work will help you make a more informed decision when registering your company. In this blog discuss the advantages and disadvantages of a sole proprietorship and other business entity types like a limited liability company and corporation. I also discuss the importance of choosing the right business structure if you plan on applying for sole proprietorship funding to fund your business.
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