Ready to take the leap into small business?

TR take the leapOver the past several months we’ve posted some excellent articles on things to consider when starting your own business. For this week’s post, we’ve compiled a few of them for you to enjoy again.

Starting Your Own Business: Ready, Set, Go!

Are you ready to dive in to starting your own business?

This week we thought we’d offer some important information for those folks out there who are thinking of delving into the world of entrepreneurship!

For starters, click here to find out what you will need to do in the state of Tennessee to start your own business.

6 Common Challenges for New Businesses

For many people, the idea of owning their own business is a daydream they escape to every chance they get.

The drudging 9-5 workday drains all their energy, and working for someone else in an unsatisfying job can become unbearable. They fantasize about the possibilities of making their own hours, being their own boss, and making decisions about which direction they want their company to go.

The appeal of being an entrepreneur is compelling for many people, especially in today’s economy. This may seem paradoxical given the current economic slump, but when you consider how hard it is to find a decent job, starting your own business doesn’t seem quite so hazardous.

To help those dreamers who are ready to make their business dream a reality, we’ve compiled a list of challenges business owners often face.

Read the rest of “6 Common Challenges for New Businesses” here.

The Misunderstood Entrepreneur…Things Aren’t Always As They Seem

Have you ever wondered about entrepreneurs and what makes them do what they do?

Perhaps you have a friend who is an entrepreneur, and he can’t imagine not being in charge of his own destiny.  Maybe you’ve questioned his sanity, especially knowing how risky starting a business can be.  Or maybe you’re like me.  You are an entrepreneur, someone who took a risk on an idea.  And maybe you wish everyone around you understood you a little better.

In a recent Inc. article, Kevin Daum, a best-selling author and Inc. 500 entrepreneur, has some encouragement and validation for misunderstood trail blazers and vision-setters.  And for those close to them, he offers explanation as to why they are so driven to be the authors of their own future.

Check out the rest of the post here.

Small Business is Making a Comeback – Online!

While many people work to support small businesses and shun the mega corporations, the often lower prices, streamlined options, and fast service are sometimes too convenient or perhaps just too inviting to turn down. No matter what the reason is, small businesses continue to struggle to gain the same popularity or recognition as large corporations. Because of this, many small businesses are turning to the internet.

In 2011, profits from online sales were in excess of $250 billion. For perspective, that is over 3 times Bill Gate’s personal fortune, and over 80 times Oprah’s net worth. The online market is continuing to grow at fantastic rates, and if current trends hold, online sales are expected to hit370 billion dollars by 2017.

Click here to read more on how small business is making a comeback.

The Importance of Constant, Steady Growth

Small and first time companies frequently make the mistake of reaching their first goal, and then pausing to rest on their laurels.

It is this pause that hurts them; in the time that they were congratulating themselves, another company pulled ahead and pushed them out of the market.

A company who stalls in the middle of their success will quickly fall. Similarly, a company that tries to rise too fast will often find no success.

It is important for a business to always continue growing, but to know its limits and not push beyond its capacity.

Click here to read some tips to keep companies from stalling and to help you on your journey for growth.

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