Business entities can be distinguished into two different categories: (1) unlimited liability entities; and (2) limited liability entities. In order for you to have a better understanding of these various entities, this post will be broken into two parts. This part will discuss unlimited liability entities.
Unlimited liability entities mean that one is personally liable for […]

As you begin your entrepreneurial journey, many questions and concerns will arise: How do I find financing? How do I write a business plan? To whom will I pitch my plan? However, no matter how much information and advice you can, and probably will, obtain about those questions, all of your […]

I AM AN ENTREPRENEUR! It sounds nice doesn’t it? However, the title of “entrepreneur” means nothing if you do not attach any significance to the word. We all see entrepreneurs on television (Donald Trump, Bill Gates, Oprah Winfrey, etc.), yet we never really grasp the concept of what being an entrepreneur means.
Achieving […]

One of the biggest problems new entrepreneurs have is that they get discouraged. Some get discouraged more easily than others, but regardless of your tolerance level for disappointment, becoming discouraged is a natural emotion for all entrepreneurs. The difference between a successful entrepreneur and unsuccessful one is how you deal with the discouragement.
I […]

What is your answer to the age old question, “Would you rather have book smarts or street smarts?”  As an entrepreneur, both are vital to success!
In order to simplify the concept, I think of “street smarts” as experience.  Therefore, the question now becomes, “Would you rather know all the aspects of an investment or have […]

Many people automatically associate a negative connotation with buzz words like “multi-level marketing” and “downline.” These people assume that those words denote a “pyramid scheme” and that the opportunity attached to those words is a scam. However, this is simply not true. If you know what to look for and what to […]

Some people can dive into a project headfirst without first having received any guidance and without having a plan. The most amazing aspect of this approach is that sometimes these people successfully complete a project. This approach may work for school papers or group projects, but I caution you not to initiate this kind of […]