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How to Effectively Build a Family Business

February 21, 2014

Check out this recent article from StartupNation on how to master the intricacies of starting a family business:

Every business hires employees based on some mixture of the candidate’s competency and how good/bad the relationship is with the candidate. Unfortunately, in a family business the default or predominant method of hiring is relationship. While the intentions are good, there is not only an increase in the usual business risk, but also a risk of damaging family relationships.

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Funding a New Small Business? Don’t Bother With Banks

February 20, 2014

Check out this recent article from BloombergBusinessweek on alternative lending options:

Question: What steps should I take before applying for a loan to open a small business? I’d like to maximize my chances of getting a good response.

Answer: Getting a small business bank loan is never easy, and it’s been especially difficult since the financial crash of 2008 and the lingering credit crunch. Even though small business lending is rebounding somewhat, it is still virtually impossible to get a loan to open a new business.

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8 Situations When You Need to Incorporate Your Startup

February 19, 2014

Check out this recent article from Mashable: 

When you’re in the early stages of a startup, there’s a lot to consider — from revenue models to hiring early team members and developing your product. When it comes to legal matters, many founders want to wait to incorporate the business until they are further along, and know that their concept is viable or their company is fundable.

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How Can a Small Business Compete With “Fast & Cheap”

February 18, 2014

Check out this recent article from Forbes on how a small business can compete with the prices and services capabilities of larger companies:

Growing up in the heart of what was once the furniture capital of world, I saw the devastating negative effects that outsourcing had on my native North Carolinia. With numerous companies moving their manufacturing operations overseas, over 50 percent of our furniture jobs evaporated during my childhood, leaving many of my family friends struggling to make ends meet.

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3 Tips for Enterprising Young Entrepreneurs

February 17, 2014

Check out this new article from Small Business Trends on young entrepreneurship:

If you’re a young entrepreneur interested in getting a head start on your business ventures, there are some special considerations to keep in mind.

Given that you may not have much of a credit history, it may be challenging to secure financing. With a lack of business experience, you may have to work harder to be taken seriously. But success is still possible. Below are a few tips to help you on that path.

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