As the concept of a side gig becomes more common place, it presents a unique opportunity and quandary for new entrepreneurs. On the one hand, starting your business as a side a gig definitely has its benefits. It creates an opportunity for you to test the market and viability of your product. It gives an opportunity for market research and to make any necessary adjustments. As well as provide revenue…
Being an entrepreneur and starting your own business is a rewarding venture, but like anything there are some risks involved. As a fledgling entrepreneur, chances are you’ve heard the oft repeated statistic: more than half of new businesses fail in their first year. While you shouldn’t let these numbers intimidate you and scare you away from pursuing your dream, it is worth reviewing some of the common mistakes new entrepreneurs…
Starting a business is one of the most rewarding, but perhaps difficult things you can do. Part of the reason is that there’s an infinite number of ways you can go about it. I always tell would-be entrepreneurs that opportunities are only limited by our imagination. This is great and inspirational, but is usually followed by puzzled looks and questions on how to get started. The answer depends on where…
The economy is booming, especially in Texas, and it is creating great opportunities for entrepreneurs. According to WalletHub’s most recent report on the best and worst states to start a business, Texas ranked number one overall. The Lone Star State beat other high-profile states such as Silicon Valley’s California (ranked eighth), Amazon’s Washington (ranked 12th) and New York (ranked 42nd). The results were determined using 26 relevant metrics that focus across…