If you are currently in the process of ending the business’ operations, take care of these areas to ensure your business is officially terminated with the state.
You’re not alone if you inherited the family business with no formal succession plan in place. About 64 percent of family companies don’t have a written succession plan, while another 19 percent have one “in progress.” Use these tips to find your footing after you’ve suddenly inherited the family business.
Don’t let the pressure of taking over your family’s business wear on you. Instead, take steps for a smooth transition.
An explanation of franchising vs. licensing, with advantages and disadvantages of each to help entrepreneurs make wise business decisions.
Franchising offers a unique opportunity for Millennials who may not have prior business experience to succeed thanks to a business structure that is already in place.
According to the Department of Veterans Affairs, veterans are 45% more likely than their civilian counterparts to become successful entrepreneurs.