Biggest Challenges Faced During A Start-up

Big opportunities come with big challenges; an opportunity to start your own business is an appealing one but it comes with its own share of challenges and difficulties.

A real achievement is not when you can start a business but success rather lies in the challenge to sustain it. Numerous businesses are started every now and then but half of them fail to survive for longer than two years.

Many businesses fail due to poor decision making capabilities and lack of patience, motivation and dedication. If you are thinking about joining this rat-race without realizing the issues you might have to face, consider the following top 5 concerns faced by a fresh entrepreneur during this trial.

Read more

The Impact of Social Media On Your Business

The whole marketing scenario has drifted to make way for social media. The boom stirred up by the introduction of social media platforms was taken positively by millions and has now been accepted widely by professionals all over the world.

It has managed to carve an exceptional niche for itself in these few years and has become one of the top- favorite online hangout spots for young and old alike. Social media is now an essential part of our daily lives contributing to its growth and success and assisting other industries to seize this chance as an exciting opportunity to progress in their businesses.

Social media has a household status as everyone uses it for their personal needs but if you are not availing it for your professional needs, you are already lagging behind. Let’s delve into the importance of social media and the huge impact it has on your business for you to embrace it welcomingly.

Read more

Buying a Business Vs. Starting a Business (Infographic)

So, you have decided to take the reins in your hands and be your own boss? Do you think that entrepreneurship is your cup of tea? If yes, welcome to the corporate world and enjoy your roller-coaster ride. After the initial decision to be an entrepreneur, the next big step is to decide whether to buy an existing business or to start a new one.

Read more

Key Traits of a Successful Business Owner

To successfully run a business, one must acquire certain skills and traits to be able to survive in the challenging and stressful world of entrepreneurship. While the notion of working above all and being your own boss sounds irresistible and seems like an attractive opportunity to be able to make it big, but just like any other inspiring temptation, it is not meant for everyone.

Entrepreneurs are not born with the perquisite qualities to conduct a business although some might have their hearts and souls into it and they are ready to give it all it takes to be a successful businessman. Certain personality traits are possessed and some are developed through time to be able to enhance your capabilities to effectively run a business and become an entrepreneur.

While there isn’t a foolproof method to determine if you are fit for a certain business or you can handle it without experiencing any downfalls but a few things are supposed to be consistent and they can help you to succeed in your chosen path. If you lack these qualities, chances are that you might drown before you learn how to swim through the ocean of the business world:

Read more

Top things to consider before buying an existing business

Being your own boss is a tempting decision to make for you to rush through it but with great authority comes greater responsibility. Besides the time and efforts involved to initiate a start-up, the cost of setting up a business can make you think twice about your decision.

It is a well-known fact that start-ups face a lot of issues including the difficulty of building a customer base, establishing cash flow, hiring a competent staff, marketing the new business etc. before they are able to generate profits to support you.

A wiser, better and convenient alternative to avoid all this hassle is to buy an existing business which holds numerous advantages and fewer risks over the previous option.

There is no gain without pain though; it is extremely important for you to carefully analyze your options and do your bit of homework to ensure that the business you are going to invest in is the right one and you are paying a fair price for it.

A reasonable amount of research for your new venture can save you from sinking all your resources, so what are the things you need to look out for when you have decided to buy a business? Following are a few basic things that you can consider:

Read more

8 Reasons to be an Entrepreneur (Infographic)

“When the going gets tough, the tough get going!”

Is your 9-5 ritual taking a toll on your well-being? Did you always want to do something challenging and that too, for yourself? If you have the desire to experience freedom and generate a decent income, entrepreneurship is the way to go. It not only can give you a lifestyle of your choice but there are many other added benefits to it. The most appealing advantage of being an entrepreneur is to be by yourself and not at the mercy of your boss- you get to rule yourself! Here are the top 8 reasons for considering to spend the 40 hours a week for something you love and can help you lead an amazing life too.

Read more