When starting a business there are many funding options to research. However, you may be surprised to find out that most funding options don’t open up to small business owners until you’ve been in business for 2 years or more. This includes bank lending, SBA loans,...
When you start a business, think about it like an experiment. You don’t have to commit and follow-through with something just because you started it, you can change your mind. Give yourself permission to stop doing things that aren’t working in your business. You must...
Here’s a scenario I see often. A client has a business idea. They think it’s a great idea but they haven’t done much, if any, customer development. Before they’ve even completed real market research to validate their idea, they’re thinking about color schemes...
About 20% of businesses fail in the first year, according to recent statistics from the Small Business Administration. Only about 50% survive after 5 years. The reason is not that people are incapable or decide they don’t like being business owners. The reason, I...
I hear this a lot: “I’d like to start a business one day, but I’m just not sure where to start – I don’t even have an idea.” If that’s you, you’re in good company — I find it’s a really common statement for my clients to make. Why start a business anyway?...
Here are a list of the most-read blog posts from North Financial this year. Do you work with a full-time fiduciary? As a consumer it can be difficult to tell from marketing information or an advisor’s website if he or she is, in fact a fiduciary at all times when they...
