There’s no doubt about it—being a business owner is challenging. From creating a cash flow statement, to conducting market research, getting the necessary licenses and permits, and making sure you’re up to date on your industry, starting and running a business takes work.
That’s why on Bplans, we do our best to compile the resources that will make the process easier. Check out this week’s articles, and let us know if there’s a topic you’d like us to cover.
The third installment in our cash flow series, this article shows you how to build your cash flow statement. Now that you’ve learned how important it is to keep an eye on your cash flow, you’ll learn how to do just that.
We often talk of “business licenses” as though it’s a simple, one-step licensing procedure, but the legality of setting up shop varies from industry to industry. In this article, we go over some of the most common licensing requirements for small businesses, and how to make sure you’re being compliant. It might not be the most exciting part of starting your business, but with this guide, it will surely be easier.
Doing your market research is an essential part of starting your business. You need to get a sense of the market you plan to enter, evaluate the competition, and know your customer base, so that you can plan your product accordingly. While market research can be costly and time consuming, it doesn’t have to be.
If you’re an entrepreneur, it’s important to keep learning. From free Coursera classes, to books by successful entrepreneurs, we’ve rounded up some of the most worthwhile educational resources for business owners. From funding to marketing, these resources are bound to help you, no matter what stage of business development you’re in.
Do you have any resources to add to our list? Have any tips for fellow entrepreneurs on how to make the process of applying for licenses easier? Let us know in the comments.