article thumbnail

Should You Be Switching Your Business Entity To Protect Your Business From Further Loss?

YoungUpstarts

The COVID-19 crisis has caused many businesses of all sizes to re-evaluate their plans and pivot their business models. If your company has been suffering from losses or is exposed to risks because of this pandemic, you may want to consider changing your business entity. by Dustin Ray of Incfile.

LLC 255
article thumbnail

What is a Social Enterprise?

Up and Running

The Social Enterprise Alliance offers this definition: “In its early days, the social enterprise movement was identified mainly with nonprofits that used business models and earned income strategies to pursue their mission. An L3C is a variation on an LLC, essentially a hybrid form of a nonprofit and for-profit company.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

30 Entrepreneurs Reveal the Companies They are Starting in 2023

Hearpreneur

4- Drop-shipping enterprise Photo Credit: Matthew Magnante It's my proposal The drop-shipping business model involves selling things that are transported straight from the supplier to the client. Your business model involves cooking and delivering delicious meals to people at their places of employment or at their homes.

article thumbnail

How To Start A Business The Right Way

The Startup Magazine

Develop a Business Model. The great managerial guru, Peter Drucker, liked to say that the purpose of a business is to keep and create a customer. Achieving that in profitable ways is the purpose of your business model. The Limited Liability Company (LLC) is a business structure permitted under state statute.

article thumbnail

30 Entrepreneurs Share Their Takeaways From 2022

Hearpreneur

With the increasing prevalence of cyber-attacks, businesses must take steps to protect their systems and data against malicious threats. Thanks to Jensen Lee, bidetsPLUS, LLC ! #3- 3- Embrace remote working Photo Credit: Thomas Niemczewski With the pandemic still underway, remote working is becoming the norm for many businesses.

article thumbnail

9 Entrepreneurs Explain Some of the Traits They Admire in Innovators

Hearpreneur

Thanks to Dr. Gayle Carson, Spunky Old Broad LLC ! #3- True game-changers have strong critical thinking, which allows them to spot patterns and come up with distributive ideas, and they combine that with a bias for action, means an attitude towards experimenting, taking actions today instead of tomorrow. Photo Credit: Angelo Sorbello.

article thumbnail

How To Start Your Own Craft Beer Business

YoungUpstarts

Here are 5 of the 9 steps you’ll need to know to start your own brewery business. If you like what you read here, be sure to read the complete 9 step guide on how to start a brewery business. Choose a business model. The contract company would handle the other business aspects such as distribution, marketing, and sales.