This week’s top stories include small business advice covering the following four topics:
- How to Start a Side Hustle With Little or No Money
- This Is the Most Important Thing to Consider When Selling Your Business. (Hint: It’s Not the Price.)
- What is Google My Business & Why Do I Need It?
- 5 Keys to Kickstarting Your Full Entrepreneur Potential
Each week we scour all the top business-related magazines and newspapers for articles with the best advice for the small business owner, so you do not have to.
How to Start a Side Hustle With Little or No Money
By: Kim Parell
Have you ever wanted to start a side hustle, but didn’t?
I know exactly what’s holding you back.
I’ve talked to countless aspiring entrepreneurs. People seeking to start beauty companies, bakeries, tech companies, clothing companies, hot sauce emporiums … the list goes on. But though all of those business plans and side hustle ideas varied so much from each other, the very first concern they brought up to me was always the same:
“I don’t have any money. How could I possibly start a business?”
I totally get where they’re coming from. When you’ve never started a business before, so many of the first steps seem totally insurmountable — especially when you’re not lucky enough to be facing them with a bucket full of cash.
This Is the Most Important Thing to Consider When Selling Your Business. (Hint: It’s Not the Price.)
By: Bruce Willey
I’ve seen a frustrating trend play out recently.
Owners of small to medium-sized businesses give their lives to their work, and it’s my belief they should get back as much as they possibly can for all they’ve put in. But I can’t do that when I get a call not only after someone’s already decided to sell, but after they’ve already agreed to a deal — which nearly 10 of my clients have recently done.
I’ve written about the need to have a plan in place for exiting your business before, but this recent spat of calls made me realize it’s not just about having a plan. It’s about something both bigger and more basic.
Related Post: Buying or Selling a Small Business (Free course for a limited time)
What is Google My Business & Why Do I Need It?
By: Kristen McCormick
In an effort to gain more visibility on Google, many businesses create a Google business listing (known officially as a Business Profile). If you’re one such business owner, something you might not realize is that creating a Business Profile does not give you management over it, and you need those management and editing capabilities if you want your Business Profile to work for you as a business or marketing tool.
So how do you gain management over your Google Business Profile? The answer is that, in addition to creating a free Business Profile, you must also separately create a free Google My Business account for that profile.
Related Post: How To Get Your Business On Google: The Definitive Guide
5 Keys to Kickstarting Your Full Entrepreneur Potential
By: Martin Zwilling
As a mentor to aspiring entrepreneurs, I’m always surprised by the fact that some never seem to be able to get that first startup going, while many others never seem to stop, starting their second or third initiative before the first one is fully hatched.
I’m now convinced that serious entrepreneurs relish the startup process more than success. They enjoy the journey more than the destination.
If you think about it, most of the influential names in the entrepreneur world today, including Elon Musk and Richard Branson, have started many companies, learning from each, and fully recognizing that not all are destined to be remembered. Others, like Jeff Bezos and Bill Gates, have one company, but are known for their frequent internal “startup” initiatives to foster growth.
The lesson here is that the right actions, follow-through, and commitments involved in starting a new venture are likely more important to ultimate success than honing the single ultimate idea, or getting the solution exactly right the first time.
Here is my summary of key principles that you can follow to join that select realm of recognized and successful entrepreneurs.
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