Flexibility is one of the many advantages an entrepreneur has when having his own business. And the hours they choose to work do not matter as long as they’re many. An 8-5 schedule for an entrepreneur does not work. They work morning, afternoons and nights to be able to fit the many issues they have to accomplish before they can call it a day. The amount of work they accomplish reflects on the many successes they achieve, thus making them financially stable to expand their business or any other endeavors they may have.
Follow the links below for more about this and other news.
The 7 Different Loans You Can Get as a Business Owner
In their book Start Your Own Business, the staff of Entrepreneur Media Inc. guides you through the critical steps to starting your business, then supports you in surviving the first three years as a business owner. In this edited excerpt, the authors outline the seven different kinds of loans you could get from a bank.
When you’re looking for debt financing for your business, there are many sources you can turn to, including banks, commercial lenders, and even your personal credit cards. And you don’t need to pinpoint the exact type of loan you need before you approach a lender; they will help you decide what type of financing is best for your needs. However, you should have some general idea of the different types of loans available so you’ll understand what your lender is offering.
Here’s a look at how lenders generally structure loans, with common variations.
1. Line-of-credit loans.
5 Reasons Why ‘Asking’ Is an Essential Skill for Every Entrepreneur
How do you feel about asking for what you want or need? If words likeshy, nervous, anxious or even apathetic describe you in this context, you could be missing out on a good many opportunities.
Whether it’s favors, negotiations, or routine interpersonal communications you’re seeking, taking the initiative to ask and knowing how to do it well can make all the difference for both new entrepreneurs and established businesses.
From my experience, there are five key reasons that make asking important and necessary for success in business.
1. If you don’t ask for it, you probably won’t get it.
It seems kind of obvious, but it’s worth keeping in mind that things rarely fall into your lap and people usually won’t give you things just “because.” Even when someone does want to help you or make a deal, you can’t count on that person being a mind-reader.
Owning Your Own Business Means You Can Work Whenever You Want – As Long As It’s Every Day.
For years, Tim Campbell and his wife Sandi have shared a dream of one day owning their own business. After nearly 30 years of working in corporate America, filled with frequent traveling and moves, the Campbells were ready for jobs that allowed for the flexibility to spend time with friends and family. So, after returning to their home state of Georgia, the couple decided to open a Big Frog Customer T-Shirts & More franchise. Here’s what they have learned.
Name: Tim and Sandi Campbell
Franchise owned: Big Frog Custom T-Shirts & More of Cumming, Ga.
How long have you owned a franchise?
My wife, Sandi, and I bought our store from an existing franchisee in 2013, but the store was first opened in 2009. Now we are in the process of opening a second location in the area.
Why franchising?
After 27 years in the corporate world, I was ready for a change of pace. My wife and I have both always wanted to own our own business, and we really liked that franchising offers a footprint in the industry, with the infrastructure and brand recognition already in place without us having to grow it from the ground up. Not only is Big Frog a fast-growing and award-winning franchise, it offers full support for its franchisees through a variety of mediums like peer groups, mentoring, forums, coaching and e-learning.
