Plan Your Business Archives

3 Dangers of an Unincorporated Business (and How Incorporation Can Resolve These Problems)

Often, one of the first pieces of advice an entrepreneur receives when they start a business is to incorporate or form a limited liability company (LLC). When you incorporate a business, you are able to...

byDeborah Sweeney

March 24, 2021

How to Choose the Right Business Name for Your Startup

Starting a new business is exciting. For many entrepreneurs, nothing is more thrilling than building a business that solves a big problem in a unique way. Startup founders have to make many decisions in the...

byStephen J. Kontos

March 22, 2021

How to Overcome the Self-Sabotage of Self-Doubt

The following is excerpted from “Seize the Yay.” Copyright 2021. Reprinted with permission from Murdoch Books, an imprint of The Quarto Group. The many new beginnings Nic and I have embarked on over the past...

bySarah Davidson

March 16, 2021

How to Estimate the Development Cost of Your New Mobile App

Have an idea for a great mobile app? One of the key things that you’ll want to look at right away are the development costs. As a startup, you’ll want to get great value for...

byKrzysztof Bogacz

March 7, 2021

When is the Right Time to Launch Your Business?

If you’ve ever aspired to start your own business, you know how exciting the idea can be. It’s easy to get carried away thinking about all of the possibilities of a business you’re passionate about,...

byBruce Hakutizwi

March 5, 2021

WJR Business Beat with Jeff Sloan: Entrepreneurial Success by Age Demographics (Episode 184)

On this morning's edition of the WJR Business Beat, Jeff chats with Guy Gordon about the average age of successful entrepreneurs. The two discuss findings of a recent Harvard Business Review study, which may surprise...

byStartupNation

March 2, 2021

How to Form an LLC in Michigan

Starting a business is an exciting journey. For many entrepreneurs, starting a business is their chance to take their product to market, to become part of their local communities and to start making income from...

byJames Gilmer

March 2, 2021

Starting a Family Business? Avoid These 5 Mistakes in Your Continuity Plan

The following is excerpted from "The Harvard Business Review Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise" by Josh Baron and Rob Lachenauer (Harvard Business Review Press, 2021). It may seem counterintuitive...

byJosh Baron and Rob Lachenauer

March 2, 2021

Time Management 101: 6 Tips for Better Productivity

Study after study talks about how distractions affect our business and how we waste so much time. Think about it — if you can just save four minutes a day, over the course of a...

byJon Dwoskin

March 1, 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

Ready to Launch Your Inner Entrepreneur? It’s Time to Shift Your Mindset

The following is excerpted from "Launch Your Inner Entrepreneur: 10 Mindset Shifts for Women to Take Action, Unleash Creativity, and Achieve Financial Success" by Charlene Walters (McGraw Hill, February 2021). One day, you will be...

byCharlene Walters

February 23, 2021

WJR Business Beat with Jeff Sloan: Business Startups Continue at Record Pace (Episode 178)

We've reported previously on the Business Beat that the last quarter of 2020 was a really robust one when it comes to business startups in the U.S. In a new report by the Visual Capitalist,...

byStartupNation

February 22, 2021

WJR Business Beat with Jeff Sloan: PC Magazine Reveals Best Places to Live for Remote Working (Episode 176)

The pandemic has created a work from home phenomenon that is here to stay. In fact, 22% of Americans say that they desire to continue remote working as standard procedure going forward, even well beyond...

byStartupNation

February 18, 2021

3 Ways to Protect Your Freelance Business

What does the state of freelancing look like in the U.S.? According to a report from online freelance marketplace Freelancer, freelance job openings increased over 25% between the months of April through June 2020. This...

byMyCorporation

February 17, 2021

Embrace Your Business Plan for a Successful 2021

To journey without a plan or a map is simply just wandering. And wandering in business never leads to success. We need to be constantly reevaluating our business plans, almost to a point where they...

byJon Dwoskin

February 15, 2021

3 Practices That Will Bring Your Law Firm Explosive Growth

The following is adapted from "Fireproof" by Mike Morse One day, a new client walks into your law firm, and you quickly realize that this will be a big case. This case is not only...

byMike Morse

February 11, 2021

WJR Business Beat with Jeff Sloan: Start a Business on Amazon (Episode 174)

Are you considering testing the entrepreneurial waters, but aren’t quite sure how or where to start? When it comes to launching and growing a successful business, whether part-time, full-time or as a side hustle, Amazon...

byStartupNation

February 10, 2021

5 Essential Steps for Launching a Successful Online Business in 2021

The pandemic has made life difficult in innumerable ways, but it has also presented business opportunities to savvy entrepreneurs. Company closures left spaces for startups to fill, and the unprecedented environment prompted the creation and...

byNick Chasinov

February 9, 2021

Creating a Weekly Business Plan

One of the things that holds people back is that they don’t start mapping out their day until they get to work. It’ll take them 30 to 40 minutes to figure out what’s going to...

byJon Dwoskin

February 1, 2021