How Often Do Coffee Shops Fail?

Coffee Shop Failure Rate and Reasons What is the failure rate of a coffee shop? A recent survey observed that 50% — 74% of independent coffee shops fail in the first five years. Why do independent coffee shops fail? One of the main reasons is their poor locations, slim profit margins, inadequate pricing, and lack … Read more

Is Selling Protein Powder Profitable?

Introduction to Selling Protein Powder Selling your own protein powder can be a profitable venture, and in this article, I will provide you with all the answers you need to get started. Whether you’re a fitness enthusiast, a nutrition expert, or simply someone looking to break into the health and wellness industry, I believe that … Read more

What Should I Name My Dog Kennel?

Choosing a Dog Kennel Name When choosing a name for your dog kennel business, consider the target market and specific needs of your clients. It’s important to keep the name clear, concise, easy to remember, unique, and professional. Limit dog daycare to three days a week for the dog’s behavioral health, ensuring time for walking, … Read more

Can an Individual Be an S Corp?

Ownership and Taxation of S Corporations An S corp can be owned by individuals who are U.S. citizens or permanent residents and certain trusts and estates, but not by business entities such as C corporations and partnerships. S corporations file IRS Form 1120S, and profits, losses, deductions, and credits pass through the entity level without … Read more

How Do You Become a Small Business Owner? Step-by-Step Guide to Starting a Small Business

This step-by-step guide outlines exactly what a budding owner needs to set up a successful small business: Choose a Business Idea Conduct Market Research Write a Business Plan Register your Business Get Funding Hire Employees Advertise and Market your Business Entrepreneurial Skills Being an entrepreneur can be overwhelming. Stress management is an important skill that … Read more