Risk-taking. It is the secret sauce behind many successful young entrepreneurs.
When you are young, you have a unique advantage. You have the time to recover from mistakes. Mistakes become learning experiences, not setbacks that define your career. This mindset allows young entrepreneurs to take risks that older, more established business people might shy away
Sales numbers are seductive.
I see posts all the time on X and in articles about franchise operations bragging, “We did $10 million in sales this year!” But here’s the truth: sales numbers alone are smoke and mirrors. The key metric everyone overlooks? Profit.
Sales ≠ Success. High sales are impressive, but they don’t
You’re busy.
Running a business means managing a million things at once, and legal paperwork often takes a backseat. But if your operating agreement is outdated, it could cost you more than you think.
First, Avoid Costly Disputes
An up-to-date LLC operating agreement keeps everyone on the same page. It outlines each owner’s roles, how
Selling a business is tough.
It’s not just about finding a buyer; it’s about getting the right price, handling the paperwork, and keeping things confidential. A good business broker can give you a smoother and more profitable exit.
What Exactly Does a Business Broker Do?
Think of them as your business selling coach. A good
Forming a Limited Liability Company (LLC) in Iowa can be a straightforward process if you know the right steps to take. An LLC offers many benefits, including liability protection and flexible tax options, making it an attractive option for small business owners and entrepreneurs. In this guide, we’ll walk you through the essential steps
Starting a business can seem overwhelming.
Between navigating legal requirements, tax issues, filing paperwork, and making sure you’ve checked all the boxes, things can get complicated fast. But here’s some good news: the Iowa Secretary of State has a Fast Track Filing system that makes forming an LLC or corporation easier and quicker than ever
Thinking about buying a business?
It’s a big decision, but choosing between a franchise or an independent business can shape your entire experience. Both have their perks—and their pitfalls. So how do you decide?
First, consider what drives you.
If you thrive on structure and proven systems, a franchise might be the better fit. You
Diversify or concentrate?It’s a question that divides entrepreneurs. But what if both are right?I saw a video where one guy made millions by diversifying—spreading his investments across multiple businesses, minimizing risk while building steady wealth. Then another guy comments below: “You’re wrong. You’ve got to focus on one thing to win.”Wait a minute.
If you are thinking about franchising in Iowa, you need to know one thing: Iowa franchise law is unique, and most out-of-state laws firms don’t really get it.
Let me explain.
Iowa Code Chapter 537A.10 governs franchise agreements in this state. It lays out the specific rules and regulations that franchisors and franchisees must
The devil is in details.
When you sign a franchise agreement, you are entering a long-term partnership. But how carefully have you read the fine print—especially the language around fees?
One seemingly minor word can cost you thousands.
Take marketing fees, for example. I have seen franchise agreements where the contract stated the franchisee must
