When you start a small business, there’s a lot to learn. From important definitions to expert growth tips, this guide covers everything you need to know to take your venture from startup to success.
A small business is a privately owned corporation, partnership, or sole proprietorship that has fewer employees and lower annual revenue than a large company or regular-sized business. This definition applies to companies that are independently owned and operated, not dominant in their field of operation, and meet certain criteria regarding number of employees or annual revenue set by the U.S. Small Business Administration (SBA). The SBA’s size standards vary by industry.
Entrepreneurship is a powerful force in the economy and creates more jobs than larger businesses. But starting a small business isn’t easy and many struggle to succeed. From finding the right location to overcoming financial challenges, here are a few things you should consider before getting started.
While owning a small business comes with financial risks, it can also offer significant rewards and personal satisfaction. From gaining greater control over your career to building strong customer relationships, there are plenty of reasons why more people than ever are choosing to go out on their own.
This podcast, hosted by Jannese Torres and Austin Hankwitz, connects with successful entrepreneurs to hear their stories about starting and growing a small business. You’ll learn how they manage the ups and downs of running a business, as well as how they stay focused on their goals.