Is your company a minority, woman or other diverse-owned business enterprise? If so, you might be missing out on valuable opportunities to grow your business.
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Without the right permits, licenses, and other documents, your business could face issues, so let’s break down the basic ones and discuss some of the most important factors to consider.
Navigating the funding landscape can be challenging. Still, numerous opportunities specifically cater to Black-owned businesses.
A solid understanding of market research is essential for small businesses to establish themselves in a competitive market.
Khailing Neoh, the founder of Sum Bar, a unique Dim Sum restaurant and bar in Greenville, South Carolina, shares her entrepreneurial journey and the lessons learned from establishing a culturally rich dining experience.
Chances are you're interested in starting a food truck business because friends and family love your food, and you're passionate about preparing it. However, succeeding in the food truck business requires more than just great food at competitive prices.
Starting a food truck business requires careful planning, preparation and hustle. It's about more than just the food; owning and operating a food truck can be stressful and time-consuming, requiring financial and operational management skills and good business sense.
Food trucks are a significant and growing $2.2 billion industry segment in
Lack of cash flow and planning are two primary reasons businesses fail. You can avoid this fate by researching your setup costs, planning how to operate your company, and keeping track of your operating expenses—all before you open your doors.
The newly enacted Corporate Transparency Act (CTA) calls for LLCs, corporations and other similar business entities to submit specific information about their owners to the Treasury Department. The CTA was created in an effort to prevent money laundering and other illicit activities. Read on to understand the CTA and what is required from small businesses to comply.
If writing a full business plan seems overwhelming, start with a one-page Business Model Canvas. Developed by Founder and CEO of Strategyzer, Alexander Osterwalder, it can be used to easily document your business concept.
Download this template to fill out the nine squares focusing on the different building blocks of any business:
- Value Proposition
- Customer Segments
- Customer Relationships
- Channels
- Key Activities
- Key Resources
- Key Partners
- Cost Structure
- Revenue Streams
For help completing the Business Model Canvas Template, contact a SCORE business mentor for guidance by phone
Does writing a business plan seem overwhelming? Try the Business Model Canvas. Explained in this article: what is it, and how you can use one.
What’s your path to entrepreneurship: independent or a franchise business? See the pros and cons. Define your goals for being an entrepreneur.
Planning a marketing budget for a startup or small business? Start here for essential and optional marketing costs.
