Around 45% of new businesses fail within the first five years of operation, and a top cause is a lack of financing. Since it’s not uncommon to have money problems, you don’t have to feel as alone in your struggles
Most American microbusinesses cost around $3,000 to start, and most home-based franchises cost between $2,000 to $5,000 to get things going. If your business idea is small enough, it can even cost as little as $100. However, there’s no denying
Of all the small businesses in the US, 43% are limited liability companies (LLCs). The popularity of such a business structure may have you feeling confident about choosing the same path. However, you don’t know much about forming an LLC,
Around 9 out of 20 workers are self-employed, and for good reason. Working for an employer may provide a steady paycheck, but you’re under someone else’s management. Breaking free of traditional employment and setting up your own company can be
The state of Michigan has a healthy economy, with 99.6% (or 911,914) of all Michigan businesses being small ones. In fact, over 23,700 establishments opened between March 2020 and March 2021. That may seem like a lot, yet over 22,800
Research done in 2023 shows that Georgia is the best state for business growth. But that doesn’t automatically mean all companies there thrive. Many factors play a role in success, and all it takes is just one weakness to succumb
