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8 Key Ingredients to a Profitable Consulting Business

Startup Professionals Musings

Yet, according to statistics from the Small Business Association (SBA), over half of new businesses offer something else - personal professional services, including consulting, business coaching, and advisory services. Set pricing to assure both revenue and profit. They expect reviews and testimonials from other clients.

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You’ve Got Funding: 5 Things to Do With the Money Right Away

Up and Running

According to 2016 statistics published by the Small Business Administration (SBA) , only about 78 percent of small business startups survive the first year, and only half make it to the five year point. Expensive printing costs. You can always upgrade all of these items as your business starts to bring in revenue.

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Is It Time to Hire an Employee?

Up and Running

Disadvantages of hiring a new employee: An employee costs you money. Administrator of the SBA, Maria Contreras-Sweet, believes there are 4 things to consider before you take the plunge: What is your vision for your business? If you identify a new revenue stream but need additional skills. There are more tax forms to juggle.

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Three questions to answer about your COVID response

Berkonomics

Rent and other fixed costs continue, even when revenues have dried up – a fatal combination. Plan for reductions in fixed overhead, salaries, and other costs now. Apply to the SBA for an Emergency Loan or through your bank for the new “PPP” loan program. Most of us are affected by this current crisis.

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5 Reasons To Avoid Loans For 2 Years After Launch

YoungUpstarts

At this stage, you can more easily qualify for low-rate SBA loans , conventional bank loans, and marketplace loans. With time comes better knowledge of your business’ operating costs. It’s often hard to predict the true costs of running a business until you’ve been at it for a few years.

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Need money? Read this!

Berkonomics

When the need is high… For the rest of us, desiring to build large, valuable enterprises quickly, the need for outside capital is high on our list of requirements and even the source for some sleepless nights as we worry over the availability and cost of capital. These include Y-Combinator and TechStars, among others.

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How to Start a Successful Photography Business: The Complete 10 Step Guide (2019)

crowdSPRING Blog

We just emailed the guide to you. Email address. You can find a full list of the forms for each type of entity on the SBA website. The SBA’s database lets you search for licensing requirements by state and business type. That means you need to prepare for the ups and downs of inconsistent revenue.