Why Incorporate Your Business?

Entrepreneurs embark on costly business ventures without first looking into the form of business that would be most suitable for them given their business experience and financial capability. Deciding on what legal form your venture is going to take will spell the difference when you experience difficulty in your business later on.

A businessman can choose from different business forms including sole or single proprietorship, partnership or a corporation. Each of these leg…

The Basics Of Franchising A Business

A study of the most successful businesses in town will show that these are franchised businesses. It means the business has been market tested, developed and handed to the owners or franchise holders in a silver platter.

Franchising is a business concept and strategy that has been practiced by basically all the successful businessmen in the world. What separates these businessmen from the ordinary mortals is the way they can recognize a product that will be a hit with the …

Don’t Let Passions Rule When Buying A Business

For many, the American dream of owning a business is in queue right behind owning a home. I was a teenager when I owned my first business. Since then I have bought or started many businesses and helped others do the same. Here are some common mistakes I have witnessed or committed myself.

Paying too much

This results from the combination of all other mistakes. Many new business owners set themselves up for failure by paying too much, which results in higher loan payment…