Embarking on the entrepreneurial journey is an exhilarating experience, but it can come with challenges. Many small business owners find themselves grappling with avoidable mistakes that can hinder the success of their ventures. 1. Neglecting market research One...
Bloomberg reported over 5 million new businesses started in 2022. Launching a new business is an exhilarating venture, but before diving in headfirst, conducting comprehensive market research is an indispensable step. Understanding your target market, competition and...
When companies want to avoid the long and arduous Initial Public Offering (IPO) process of regulatory review when listing on public markets, a viable alternative may come in the form of a Special Purpose Acquisition Company (SPAC). SPACs are blank-check companies...
If you’re looking to fund a startup business in New York, an angel investor can help. An angel investor is a person who funds your business in exchange for a return on their investment. How to attract an angel investor Business formation and planning should occur...
Starting a nonprofit organization in New York is similar to other types of business formation. It involves a lot of paperwork, organization and close attention to detail. Naming The first part of any business formation process is often naming the organization. Choose...
Over the past three years, there has been a surge of applications for employer identification numbers, as new companies are being formed. However, while starting a business in New York may be an effective way to secure your future, there are a number of issues to...
For entrepreneurs starting businesses in New York, one of the initial steps they will need to complete is deciding what form it will take. Choosing a legal entity structure for a business involves determining the type of liability protection the entrepreneur needs and...
When operating a business in New York, it is imperative to know the value of innovation. People who have created a product or service might not understand how vulnerable it can be if they fail to take the necessary steps to shield their trade secrets and prevent...
Over 10 million new small businesses opened in the U.S. from 2021 to 2022, setting a new record. Small business accounts for more than 99 % of the businesses in the U.S. However, the five-year survival rate is only around 50% nationwide. Strategic planning is an...
If you operate a business in New York that accepts or spends money, opening a business checking account is crucial. Doing so helps you accurately account for each business transaction, keeping them separate from personal funds. Using a business checking account will...
