With so many businesses failing in the first five years, the Perfection Spring & Stamping Co. of Mount Prospect, Illinois is already something special. In an evolving industry, the company is still going strong after 60 years and has remained a family owned business for three generations.
Startups tend to have a high burn rate. The money is going out faster than it's coming in but there's seemingly no other choice. So, what's a bootstrapping small business supposed to do to reduce its burn rate?
Manchester, New Hampshire, was recently named the best place for small businesses to do business in America. That's according to a Thumbtack.com survey. What cities and states are not kind to small businesses?
Sure it would be great to build the next great Internet search engine or launch the next super successful social media platform. But when it comes right down to it, the critical thing is to find a need to fill it, not matter how small.
Small business owners likely have big dreams. But in order to achieve greater success in business, it's wise to take the growth process slowly and steadily.
When it comes to crazy ideas they don't come much crazier than this. A Texas entrepreneur will send your message by perhaps one of the most unconventional means imaginable. But, believe it or not, this crazy business is already a success.
If you want to have a big wedding but don't know enough people to fill a small hall rental, there are ways of putting guests in those empty seats. In fact, in South Korea, professional wedding seat fillers has been an industry since the 1990s and today, it's growing.
The San Francisco startup Density has created a device that's able to calculate the number of people who come and go at any given location where the device is located. Here are some clever applications for such a device for small businesses.
Junction 440 in Detroit has helped foster a startup culture in the maligned city. And the small businesses occupying the shared workspace are learning the importance of collaboration as they grow, too.
The founder of Willing, a free, do-it-yourself will creation tool had an interesting pitch to investors. He used cremation urns to individualize his message to everyone he contacted for funding.
Card Isle is a startup created out of a college class assignment. The three co-founders took the idea of creating kiosks that help customers create their own greeting cards and ran with it.
Entrepreneurs tend to be passionate folks. But does the kindling of that passion alone mean that a person is destined to be successful, especially in business?