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Entrepreneurship Articles

An Intro to Small Business Financing

February 01, 2016 by Guidant Financial

Shark Tank’s Daymond John on How to Be a Successful Entrepreneur

June 29, 2015 by Guidant Financial

In a recent event co-hosted by Guidant Financial, ‘Shark Tank’ investor Daymond John revealed the crucial entrepreneurial lessons that have led to his ultimate success. Here are our top four takeaways every aspiring entrepreneur needs to know.

Values in Business: What do you stand for?

June 09, 2015 by Guidant Financial

Dina Dwyer-Owens, co-chair of The Dwyer Group, reveals how instilling values into a business can drive emotional and monetary growth, and the importance of creating a place where people want to work.

Industry Report: Frozen Yogurt Stores [Infographic]

June 02, 2015 by Guidant Financial

Around 2005, the frozen yogurt industry began to evolve when tart-flavored froyo was introduced and the self-serve model was created. Frozen yogurt stores and franchise concepts began popping up all over the U.S., hundreds of new flavors were born, and a new national pastime took root. Here are a few of the overarching factors that have led to this uphill trend and a look at the future of frozen yogurt.

Motherhood and Business Ownership: Having It All

May 08, 2015 by Guidant Financial

There’s never been a better time to be a woman in business. There are 9.1 million women business owners in America, and according to the National Association of Women Business Ownership, they’re raking is more than $1.4 trillion in revenue. What’s more, those female-owned businesses are overshadowing companies owned by men in terms of success rates and employment rates. It should come as no surprise that a growing number of those women in business are also mothers, juggling responsibilities at home with nurturing their businesses.

The Entrepreneur’s Checklist

December 30, 2014 by Guidant Financial

Starting a business is no easy task. After you’ve resolved to leap into entrepreneurship, a slew of other decisions await you. What type of business will you start? Where will it be located? When will you hire employees? How will you finance the venture? To help make the journey to entrepreneurship a little more palatable, here are three of the most important first steps you should take: Step 1: Pre-qualify for small business financing. Buying a business is similar to…

Why You Should Start Your Business Debt-Free

December 01, 2014 by Mitchell Larsen

Many entrepreneurs dream of being able to start their businesses without having to take on loans or other forms of debt. However, most don’t have such large amounts of cash at hand, so they resort to loans, max out credit cards and borrow monies from friends and family to finance their new venture. But you may have more money at your disposal than you think. If you have a 401(k), IRA or other eligible retirement account, you could use up…

Weighing the pros and cons of borrowing money to start a business

October 15, 2014 by Mitchell Larsen

As a prospective small business owner or entrepreneur, it can be exciting to think about turning your vision into a reality. However, have you thought about how you’re going to finance your company? You might think you have enough in your savings account until you check with the bank and find out that you’re going to fall well short of where you need to be. In this instance, you may consider turning to the U.S. Small Business Association (SBA) for…

Being mindful of unexpected startup costs prior to launching your business

October 15, 2014 by Mitchell Larsen

There are many obvious startup costs that come to mind when it comes to beginning a business, such as rent for your commercial space and insurance. However, a few expenses may fly under the radar and cause you difficulty later down the road if you don’t account for them as you consider your small business financing options. 1. Research. Investopedia.com reports that one cost that you might not include in your startup expenses is research. However, it’s important to take this…

Top 5 secrets to entrepreneurial success

October 15, 2014 by Mitchell Larsen

As an individual beginning an entrepreneurial endeavor for the first time, you’ll be bombarded with a series of new experiences that may pose a challenge. Even with the proper business funding, it can be difficult to avoid every bump along the road. Take the following tips into consideration to improve your chances of success. 1. Take your time when rolling out a new product. American Express Open Forum reports that there is no need to rush introducing a new product…

Top 5 Reasons to Buy a Business Right Now

October 15, 2014 by David Nilssen

Yes. I think buying a business today can be a great idea. I believe this regardless of what you might hear from the media or feel because of the economy. Steve Caldeira, President of the International Franchise Association agrees, “Now is the time to beat the crowd back into the market by buying a business, especially in the franchise industry, which has weathered the recession better than most industries and shows greater promise moving forward than many other categories.” In…

The pros and cons of independent business ownership and franchises

October 15, 2014 by Mitchell Larsen

Once you know you want to enter the realm of entrepreneurship, you have the option of starting a business or operating a franchise – both of which can yield profit and bring you fulfillment as a business owner. However, there are pros and cons to each of these options, which should all be examined before you embark on your career as an entrepreneur. Benefits of franchises FranSource International reports that one of the biggest benefits of operating a franchise is…

Should your first business be a franchise, existing company or a startup?

October 15, 2014 by Mitchell Larsen

Many Americans dream of owning a business but avoid taking an entrepreneurial leap because they lack the finances to do so. Typical business “start ups” or purchases require a fair amount of liquid cash or a high net worth. Some franchisors will not even deal with applicants who have less than $100,000 in cash. So you want to be an entrepreneur. If that’s the only thing you have decided regarding your future career, the next step will be determining whether…

Setting your own salary as an entrepreneur

October 15, 2014 by Mitchell Larsen

When most entrepreneurs are starting a business, they typically throw themselves into it, working countless hours and doing whatever is necessary to keep operations humming along. One of the most difficult things about being a small business owner is setting your own salary. As you work to achieve your vision, it will be time to start including yourself on the payroll and receiving compensation for all the hard work you have invested in the company. In the early stages of…

A guide to opening a vineyard and entering the wine industry

October 15, 2014 by Mitchell Larsen

When starting a business that distributes a product that needs to be cultivated over an extended period, entrepreneurs will face unique challenges to manage supply and demand. For instance, starting a vineyard means that you will need to spend an ample amount of time crafting your goods in order to receive a positive response from your target market. It’s not uncommon for wine lovers to enter the business and expand upon their passion. However, developing this delectable drink is more…

Seeking financial assistance prior to starting a business

October 15, 2014 by Mitchell Larsen

If you’re thinking about starting a business, chances are you’ve already been faced with tough questions on how you plan to finance your big idea. During an economic downturn, it can be especially hard to gain the funds needed to start a business and, furthermore, keep it afloat. Many entrepreneurs choose to seek grants in order to get their ideas off of the ground, but the U.S. Small Business Administration notes that this method of funding isn’t for everyone. Grant…