Perry Petit-Beau, founder of Fort-Lauderdale-based barbershop Petit Beau Barber Lounge, discusses his path to entrepreneurship and lessons he's learned along the way. Sometimes dreams do come true. They did for Perry Petit-Beau. From the time he was a kid, he wanted a barbershop. Last year he opened Petit Beau Barber Lounge in Fort Lauderdale.
Companies change their names for a variety of reasons. Here are 10 companies that successfully made the switch. If you’re looking to rebrand your business due to declining revenue or changing customer preferences, changing your company’s name is one way to do it. Here are 10 examples of famous businesses that changed their names.
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Founder and CEO Austin Allison on how the tech platform leveraged real estate industry expertise and ‘operational excellence’ to fill an unmet consumer need in the housing market. Three best practices integral to startup growth, according to Austin Allison, Founder and CEO of Pacaso:. Achieve ‘operational excellence’ before...
Learn more about business accelerators and how they can help your business. Starting a business is challenging, and growing it can be even harder — but entrepreneurs don’t have to navigate the early stages of their startup alone. If your business has moved past its infancy and you’re seeking further guidance, a business accelerator could be just what you need.
It’s always good to give back, but the way you market your charitable involvement can resonate differently with customers. Here’s how to send the right message. Charitable giving can generate a lot of goodwill among your employees and customers alike. However, the way you talk about your charitable involvement can be tricky. There’s a risk that sharing information about your corporate social responsibility comes off as self-promotional or insincere.
Here’s a guide to understanding the various types of investment rounds and how each can help a growing business. The process of seeking investors for the first time can be confusing, especially when it comes to understanding the different types of investment rounds. These rounds of funding are often sequential and generally increase as the company grows and seeks bigger opportunities.
Learn how to register your business name and avoid potential problems down the road. Your business name is one of your most important assets, and once you’ve found the right one, you want to protect it by registering it with the state. Here are six steps you’ll take to register your business name.
Here’s how retailers are adjusting their sales strategies to tap into key changes in consumer behavior. Back-to-school is the second biggest shopping event of the year after the winter holidays. Back-to-school spending in the U.S. for K-12 students is expected to match last year’s record high of $37 billion,...
Leaders share how mentoring nurtured their leadership styles and strategic skills — proving invaluable to both their careers and company growth. Three tips critical to business success that executives learned from their mentors:. To tap into your core business strengths and interests, ask yourself, “What gives you energy? Where...
Donating to charity is a great thing to do, but there are many different aspects you need to be prepared to navigate as you give back. In an ideal world, donating to charity is something virtually all businesses would like to do. In reality, however, donating to charity is not so straightforward. There are financial constraints, tax implications, and other things to consider when planning your charitable contributions. Here are some of the pros and cons of giving back as a business.
If you’re considering investing in a small business, follow these tips to navigate equity and debt investments.
Most small businesses need investment at some point in their lifespans. Some businesses may require an investment to start initial operations while others may need funds to grow or to weather unforeseen circumstances. If you’re looking to invest in a business, here are some general investment tips and how to navigate your first small business investment.
If you’re interested in private equity to fund your business, here are a few ways to make your business attractive to potential investors. Having an effective business plan is the best way to communicate with potential investors and funders about your company’s goals, current operational structures, and capacity for return on investments. Your business plan should answer any initial questions investors may have and outline the next steps.
Destiny Brewton, Founder of A House Called Hue, shares her top lessons learned as the owner of a growing embroidery business. Destiny Brewton has been making stitch happen since 2018. The founder and chief embroideress at A House Called Hue creates custom patches and stitches on T-shirts, hats, sweatshirts, and more, as well as offers concept graphic design.
Employees will need to be reimbursed for business-related expenses like travel or meals. Learn the best practices for employee expense reimbursement. When employees make qualified purchases on behalf of the company, they’re eligible for reimbursement. Here are five steps to handle employee expense reimbursement effectively. Come up with a...
Learn about networking groups focused on helping entrepreneurs and small business owners succeed through peer connections, support, and online resources. Small business owners can benefit from networking with like-minded individuals. While going to trade shows and other industry events may be helpful to connect with local businesses, there are opportunities to network with supportive groups right at your fingertips.
Despite public perception, ventures founded by older entrepreneurs generally have more success than those founded by young entrepreneurs. While businesses started by young entrepreneurs tend to make headlines, the reality is that most successful founders are must further along in their careers. Research from Wharton management professor J. Daniel Kim found that of all the entrepreneurs in the U.S. between 2007 and 2014, at the time of founding, the average age was 42.
While we cannot yet establish whether we’re truly in a recession, the risks are increasing — and small businesses will want to prepare either way. The U.S. economy has shrunk for two quarters in a row, according to recent data by the Bureau of Economic Analysis. The advance estimate shows that real gross domestic product (GDP) decreased by an annual rate of 0.9% in Q2 2022, following a decrease of 1.6% in Q1 2022.
Learn more about seed funding and how it can benefit your growing business. Seed money funds your business in its infancy and may even be necessary to launch your product or service. Businesses often use seed money for product development, market research, hiring, obtaining equipment and facilities, and initial production and distribution. Raising seed money can also have a far-reaching impact on your business, as it demonstrates to venture capitalists that there is consumer interest and confidence in your idea.
The following indicators and metrics may be signs that your company is ready for its next level of growth. As the business landscape continues to transform to keep up with an ever-changing world, your company may be ready for changes as well. There are many different ways a company can choose to take that leap of faith and grow.
Rising costs highlight the need for deep data-driven insights around sales productivity of merchandise for Bells of Steel, Snow Cosmetics and Snap Supply. How three growing companies are driving profitable sales:. Home gym equipment brand Bells of Steel is using multiple technology tools to better manage its inventory as sales...