Now is a great time for female business owners to take their companies to the next level. In fact, the Denver Business Journal recently reported that Colorado’s number of women-owned middle market firms is slightly higher than the national average.
When starting a new business, some decisions may be very intentional while others are made hastily. To be sure, one approach isn't always better than the other. Some successful businesses are started more or less by accident. Perhaps a grandmother loves to cook for family and friends and is eventually encouraged to open "Grandma's Café."
If you've always wanted to start your own business, where you live is an important factor in how easy or difficult your endeavor is likely to be. Some cities and states are very friendly to small businesses while others have burdensome regulations and high taxes.
If you are planning to sell your business or might consider doing so in the near future, getting an accurate business valuation is crucial. To an entrepreneur who built his business from the ground up, that company may seem priceless. Naturally, however, you'll need a more objective estimation.
There are at least two things necessary to become a successful entrepreneur: A good idea and money to get it off the ground. There is no shortage of good ideas among enterprising Americans, but it can be difficult for many start-ups to get access to seed money.