North Carolina residents who are thinking of starting their own businesses are sometimes deterred by the high failure rate among new commercial ventures. However, research conducted more than a decade ago by Bloomberg may give entrepreneurs who plan diligently reason...
Business Formation & Planning
Growth in a business requires significant effort
The flurry of activity associated with a North Carolina start-up company does not end with its formation. After the appropriate legal entity has been chosen and appropriate paperwork filed, the work of growing the business must begin. Getting new customers depends...
Business may bring high risk and reward
North Carolina entrepreneurs may have to adapt to thinking about business in a new way. Whereas business was once a place where there were ventures that were only moderately rewarding but carried a high chance of success, today, there is a higher chance of failure but...
Creating an exit strategy
Transitioning from one job or career to another one can be difficult even for those who don't like their occupation. However, there are steps that can be taken to make the transition as easy and timely as possible. At the outset, North Carolina residents who are in...
Developing future leaders in North Carolina
Finding the right people to lead an organization may be a challenge, but it is one that business owners must address. As leaders are generally developed over time, a succession plan should be created as soon as possible to keep it functioning properly over long...
SEO for new businesses in North Carolina
When a North Carolina business starts up, it is important that the owner considers how to establish the organization online, and search engine optimization is a popular way of doing so. SEO focuses on putting a website at or near the top of search results, making it...
Business plans and data protection
Increasing numbers of North Carolina companies rely mostly or exclusively on computer systems to hold their data. Everything from employee records to financial data to customer information are often held in databases. Therefore, it is essential that businesses are...
North Carolina small businesses may find SBA financing easier
Success in business often depends on smooth cash flow, and preferably the flow is more inward than outward. But operators of North Carolina businesses of all sizes know that having a reliable source for financing business expansion plans is important, too.Many small...
How does limited liability work in a C corporation?
One of the most important benefits of incorporating as a C corporation is the limited liability status that it offers to the owners of the business. In fact, this is the main reason why business owners choose to incorporate as a C corporation.Most sole proprietors...
Charlotte tagged a digital leader for small business economy
When U.S. Sen. Thom Tillis says he wants North Carolina to be "the most wired state in the nation," that's a good thing. He's not talking about pepping up the populace with massive doses of light roast coffee. He's talking about making sure that the business and...