Championing Chicago – Why The ‘Windy City’ Is A Winning Choice For Startups

For startups coming to the Midwest to establish their business, Chicago is the perfect city to be based. The windy city blows away other major cities in the region with its diverse business culture making room for startups from all types of industries and backgrounds. Home to a highly-educated workforce and with a reasonable cost of living, Chicago is quickly establishing itself as a startup hub in the Midwest.

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5 Common Reasons That Small Businesses Fail, and How to Avoid Them

Establishing a new business can be a daunting task. However, what is even more challenging is to ensure that the business sustains its initial years and flourishes in the long term. For entrepreneurs, the initial years of their venture are the most difficult. It has been observed that approximately half of the start-ups are not able to overcome the challenges faced during their primary years. The common reasons for failure among most businesses are the same, but fortunately, they’re avoidable. Some of them are mentioned below:

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5 Common Reasons That Small Businesses Fail, and How to Avoid Them

Establishing a new business can be a daunting task. However, what is even more challenging is to ensure that the business sustains its initial years and flourishes in the long term. For entrepreneurs, the initial years of their venture are the most difficult. It has been observed that approximately half of the start-ups are not able to overcome the challenges faced during their primary years. The common reasons for failure among most businesses are the same, but fortunately, they’re avoidable. Some of them are mentioned below:

Continue reading “5 Common Reasons That Small Businesses Fail, and How to Avoid Them”

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5 Common Reasons That Small Businesses Fail, and How to Avoid Them

Establishing a new business can be a daunting task. However, what is even more challenging is to ensure that the business sustains its initial years and flourishes in the long term. For entrepreneurs, the initial years of their venture are the most difficult. It has been observed that approximately half of the start-ups are not able to overcome the challenges faced during their primary years. The common reasons for failure among most businesses are the same, but fortunately, they’re avoidable. Some of them are mentioned below:

Continue reading “5 Common Reasons That Small Businesses Fail, and How to Avoid Them”

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Why Businesses Might Want Purchase Order Financing Instead of a Loan

Business owners are excited to grow their business and rarely begrudge any customer that shows interest in dealing with their startup. In the heat of the moment, some large orders may be accepted that the business may not be able to afford to fulfill. A better alternative to breaking the contract (which you never want to do) or taking a loan is purchase order-financing. This form of funding can aid startups and even smaller-scale businesses in gaining the trust of their buyers, by actually leveraging the trustworthiness of those buyers in securing the financing. If we analyze the application process  and advantages of purchase order-financing over taking a loan, we can find out which is the most useful for a given business scenario.

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Expand Your Home Based Business: Tactics To Continue Growing Your Income When Self-Employed

The ability to work from home for yourself or even at your own small business offers freedoms unlike any other job. There are some self-employed entrepreneurs that are happy with the size of their business and would rather it stay small than expand. The other portions of these entrepreneurs want to grow their business immensely and dominate their niche. Growth has to be a consistent effort rather than always trying to land one huge contract.

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POS Software Can Help Your Business Grow

Point of sale (POS) reports are generated based on the data gathered by a POS system. The POS terminal tracks register data and activity and store it for future analysis via POS reports. The reports provide detailed data in several formats to help retailers analyze sales, track revenue, evaluate employee performance, monitor the overall health of their retail business, and make informed inventory purchases.

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4 Ways to Look After Your Business Funds

When you are managing a business, it can be difficult to maintain the capital that you started out with, especially in the face of potentially damaging costs and the financial impact of running your business. However, if you are looking for easy ways to keep your business financially afloat, here are some top tips for aspiring entrepreneurs.

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Isabel Dos Santos Offers Financial Advice for Budding Entrepreneurs

The name Isabel Dos Santos serves as an inspiration to millions of people throughout Africa, particularly Angola. As a champion of women’s rights, Isabel is also a role model for the youth and economic development. She has managed multi-national corporations with aplomb; providing employment opportunities for thousands of people. Her companies include Unitel, Efacec, Zap, Sodiba and Candando, but it is her leadership and steel spine that drives success, innovation, and change.

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A Brief Guide to the 1031 Exchange

The like-kind exchange is something people hear more and more about recently. Also known as Section 1031 Exchange, Section 1031 essentially refers to a particular IRS Tax Code that allows investors and businesses to reduce the tax they are liable to pay when selling certain properties.

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Start a New Company With This Easy Guide

Starting a small business of your own, especially if you do it online, is easy to do and can make you a good amount of money. Open up a niche shop in your area,and you might even be able to take it on in a full-time manner and succeed all on your own. The best part is that thanks to the power of the internet and the prevalence of online shopping, you can create this new business venture right at home.

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