As many as 90 percent of all startups will ultimately fail. Even business owners with excellent ideas, financing and drive can be unsuccessful. As a business owner, one of the best things you can do is learn from the mistakes of other entrepreneurs. Take a closer look at five tech startups that failed, see where […]
Tag Archives: advice for small business owners
One of the biggest mistakes new entrepreneurs can make is not properly protecting themselves in business. Even successful businesses can collapse without the safety and security that business insurance offers.
Because being a business owner in the health or beauty industry comes with particular risks, be sure to purchase business insurance to prevent major losses in the event of a catastrophe or lawsuit. As a small business owner in the health or beauty industry, you must consider the amount of property that you own as well as the number of employees you have and what your business does.
There are many circumstances when the assets of your business could be in jeopardy if you don’t have general liability insurance.
Starting and growing a business is an expensive endeavour, and as the old saying goes, you need to spend money to make money. Sometimes this means investing in a loan product to expand your company’s horizons.