Define Your Business Model Archives

The Fastest Growing Businesses You Can Start From Home in 2021

Starting a side hustle or turning a passion into a career is becoming more popular, but how can aspiring entrepreneurs ensure there is demand for their services as well as growth potential in their field?...

byAshley Carlisle

June 10, 2021

How to Identify Your Core Values and Align Them with Your Business Model

As an entrepreneur, it’s crucial that your business model and your personal core values are aligned in order to achieve long-term success. The truth about entrepreneurship is that each of us gets to create our...

byBri Seeley

February 28, 2021

Selecting a Side Hustle Based on the Right Business Model for You

When it comes to choosing the right side hustle, is it possible to pick a gig based off the business model you wish to explore? Absolutely. A business model is the method in which a business...

byDeborah Sweeney

February 24, 2021

WJR Business Beat with Jeff Sloan: Make Sure Your Business Model is Sound (Episode 134)

Just six short months after it went live, Quibi, a mobile streaming service focused on providing short-form video content, declared it was shutting down. What went wrong? Jeff breaks it down in this morning's WJR...

byStartupNation

October 27, 2020

How to Choose a Side Hustle That Matches Your Personality

Did you know that 43 percent of working Americans report having a side hustle? With an increase in unpredictability around job security, a lot of people are starting side hustles with the intention of turning...

byShweta Dawar

October 13, 2020

Chef Bobby Nahra Shares the Recipe for Business Success

On today's episode of StartupNation Radio, Jeff sits down with Chef Bobby Nahra, owner of Encore Catering and Banquets, whose business has pivoted greatly amid the COVID-19 crisis. Additionally, he is also partner at Michigan Lottery...

byStartupNation

April 25, 2020

5 Business Industries Thriving During the Coronavirus (and How to Start One)

In Saint Louis, Missouri, a boom in puzzle sales has enabled Puzzle Warehouse, the largest distributor of puzzles in North America, to hire 10 more employees. Rancho Gordo, an heirloom bean supplier in Napa Valley,...

byDeborah Sweeney

April 17, 2020

WJR Business Beat with Jeff Sloan: Bartering in 2020 (Episode 29)

On this morning's WJR Business Beat, Jeff talks about a thousand year old business model that's back and hotter than ever: bartering! If you're in business and you're focused on preserving cash, check out the...

byStartupNation

April 9, 2020

In Crisis, What Should Entrepreneurs Make Free(mium)?

Lots of organizations, particularly subscription businesses, are changing their rules about what is free and what is paid, in response to the coronavirus. The Atlantic, The Wall Street Journal and Bloomberg Business are a few...

byRobbie Kellman Baxter

April 7, 2020

WJR Business Beat with Jeff Sloan: Subscription Box Economy (Episode 4)

The subscription box economy is blossoming right here in our region. Today, over half of online shoppers (approximately 54 percent) have signed up for a direct to consumer subscription box. Collectively, the direct-to-consumer subscription box...

byStartupNation

March 5, 2020

How (and Why) to Continually Update Your Business Plan

“New year, new business plan.” Well, that’s not the exact saying, but in an increasingly competitive business world, it’s a nice catchphrase as we quickly approach the second month of 2020. Truthfully, you should always...

byEric Goldschein

January 27, 2020

10 Steps to Develop Your Winning Business Idea

You have an idea that you think could be a great business opportunity. You’ve run it by your friends, family and colleagues, and they all agree that this idea has merit. Now what? Before you...

byKeith Shields

January 20, 2020

3 Signs Your Existing Startup Should Franchise Right Now

It is estimated that that a new franchise opens every eight minutes. Every. Single. Day. That’s a lot of competition — with over 900,000 franchise businesses operating in the U.S. today, it can be overwhelming...

byBruce Hakutizwi

January 20, 2020

5 Reasons Why You Should Form an LLC for Your New Business

Many entrepreneurs initially start a business as a sole proprietorship instead of a limited liability company (LLC). Why do they pick this entity? Forming a sole proprietorship allows entrepreneurs to exercise total control of the...

byMyCorporation

December 23, 2019

Why Problem-First Thinking is the Solution Your Startup Needs

Many entrepreneurs focus first on building products and then finding a problem for their products to solve. That’s a mistake, according to Matt Wallaert, author of “Start at the End: How to Build Products that...

bySusan Johnston Taylor

December 17, 2019

5 Things Millennial Entrepreneurs Need to Know About Business Funding

The millennial generation has been coined the most entrepreneurial generation to date. However, many are postponing business ownership for one reason: financing. Starting a business from scratch is a challenging feat on its own, but...

byTom Portesy

November 22, 2019

Starting a Business or Buying a Franchise: How to Know Which One Works For You

There are two primary routes that you, as an entrepreneur, can consider when pursuing your dream. These routes are to either start a business from scratch or buy a franchise. In making this decision, you’ve...

byJohn Rampton

November 12, 2019

How Pitch-a-Kid Connects Curious Kids and Entrepreneurs

Several years ago, startup advisor and mentor Mike Millard was hard at work on a resource website for startups in Austin, Texas, where he and his family live. When Millard’s daughter, Audrey, expressed curiosity about...

bySusan Johnston Taylor

October 21, 2019

What is Dropshipping and How Do I Make it Into a Business?

Have you heard of dropshipping? Are you curious about how it works or how to start a dropshipping business? Then you’ve come to the right place. Dropshipping has become a popular way for entrepreneurs to...

byLiam Pedley

March 9, 2019

How This Entrepreneur Built a Side Hustle by Copying His Competitors

The following is excerpted from "How to Be a Capitalist Without Any Capital: The Four Rules You Must Break To Get Rich" by Nathan Latka, in agreement with Portfolio, an imprint of Penguin Publishing Group,...

byNathan Latka

February 26, 2019