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table of contents show more Display less If you have ever dreamed of working for yourself, you are in good company. According to data from the Federation of Small Businesses, there are 5.5 million small businesses in the UK, accounting for a turnover worth around £2.4 trillion each year. However, starting your own business is notoriously difficult. Entrepreneurs must rise to the challenge of raising capital, selecting a team, and building a viable and sustainable business model. But often the most difficult thing is coming up with the right idea. So Forbes Advisor has compiled a list of 10 business…

Step 1. Purchase the right equipment To stand out as a contender in the photography industry, you need the best equipment possible. A professional studio requires not only a camera, but also lights, reflectors, and a backdrop. Wedding photographers and nature photographers should invest in very high quality cameras and accessories due to the more spontaneous nature of their subjects. Top cameras cost thousands of dollars, while individual lenses can cost up to $1,000 depending on niche use. You'll also need a memory card and possibly an external backup drive to safely store your images, which can cost around $100…

Managing the economy and business cycles can go a long way in helping farmers profit in good times and mitigate bad times. However, you must fully understand these concepts before administering them.understand the cycleThe agricultural sector's economic cycle is an environment outside of farmers' control and includes factors such as weather, commodity prices and interest rates, explained FCC Vice Chairman and Chief Economist JP Gervais.Business cycles have periods of marked highs and lows. Predicting their tipping points with any accuracy or consistency is nearly impossible, he says. Fundamental factors change and the cause of the rise and fall of the…

A vision statement is an aspirational statement made by a company that outlines long-term goals. A successful vision statement inspires employees and steers an organization’s efforts. An inspiring vision statement motivates both employees and customers to be invested in their company’s journey toward achieving its desired plans. And inspired employees inspire customers, who can then inspire even more customers, helping make a business’s vision a reality. Bottom line? Your vision statement is important when starting a business. Ahead, take a look at some vision statement examples and strategies to inspire a vision statement for your business. What is a vision statement?…

A vision statement is an aspirational statement made by a company that outlines long-term goals. A successful vision statement inspires employees and steers an organization’s efforts. An inspiring vision statement motivates both employees and customers to be invested in their company’s journey toward achieving its desired plans. And inspired employees inspire customers, who can then inspire even more customers, helping make a business’s vision a reality. Bottom line? Your vision statement is important when starting a business. Ahead, take a look at some vision statement examples and strategies to inspire a vision statement for your business. What is a vision statement?…

A vision statement is an aspirational statement made by a company that outlines long-term goals. A successful vision statement inspires employees and steers an organization’s efforts. An inspiring vision statement motivates both employees and customers to be invested in their company’s journey toward achieving its desired plans. And inspired employees inspire customers, who can then inspire even more customers, helping make a business’s vision a reality. Bottom line? Your vision statement is important when starting a business. Ahead, take a look at some vision statement examples and strategies to inspire a vision statement for your business. What is a vision statement?…

The opinions expressed by Entrepreneur contributors are their own. I recently spoke with Master P, known to many as an entertainment mogul and serial entrepreneur. But luckily for me I was able to call a friend. We spoke about his continued success and business journey. On a personal note, it inspired me to become the entrepreneur I am today.I was a teenager in Kentucky in the 1990s when No Limit Records started. I watched No Limit grow from an independent label to a powerhouse and transform the music industry in the process.Master P overcame a childhood of poverty in New…

In a fast-changing world, our youth face an uncertain future. School can only prepare them for so much, and today, young people are adding valuable real-world skills through their side interests. Some are even making money doing it. Between soccer practice and driving lessons, many teens also run successful businesses. They’re saving up for sneakers and college tuition. Others are even using their superpowers to make an impact on the world. Whatever their motivations, these young people are—sometimes unwittingly—also building foundations for their futures. This article guides young people, their parents, and their teachers through the benefits of youth entrepreneurship, ways…

Staff Photo / R. Michael Semple Cali Gialousis, 17, opened Rave Beauty Salon in Howland on Dec. 1. HOWLAND — As Cali Gialousis recalls, one night a few years ago a close friend of hers came to her house with an acrylic nail kit. Her friend didn't want to pay to have her nails done by a technician, so she asked Kari to help. “It took me about six hours to do it. Then I started loving it, and then I started doing my thing, and then I started doing my girlfriend's thing, and then I…

Selling online has unlimited potential. You sell products or services to anyone, anywhere, and grow a profitable business with as much (or as little) involvement as you wish. But you can’t just snap your fingers to get there: You’ll need to find an idea for your online business, make a website, and plenty more before you’re ready to bring in a steady income. Luckily, that’s where this guide comes in. Ahead, find the nine steps you need to follow in order to sell online.  9 simple steps to start selling online Find a niche or competitive angle Establish your target…