Success story featuring Events By Anna-Marie.
Entrepreneurship not only requires a set of skills, but also a set of characteristics and personality traits that will help the entrepreneur attain their business goal. In this blog, Dr. Drew Starbird shares his experience teaching CET students how to develop the necessary key entrepreneurial attributes in order to start a business.
If you own a small business, you likely know that business insurance is a critical consideration. Not only does insurance protect your company from various forms of liability and risk, but it also helps ensure you’re complying with state and local regulations. This blog will show you everything you need to know about business insurance, and how to protect your company.
Business succession is the process of choosing someone to take over your business, and developing a plan to make it work. While lots of business owners overlook business succession planning until the last moment, it’s a critical part of ensuring the future success of the company.
One common strategy for companies that want to expand is growth by acquisition. Other acquisitions may include acquiring a competitor, expanding a brand globally, or expanding a company’s product line. No matter what type of company a business chooses to acquire, there are advantages and disadvantages to this type of growth strategy.
Business owners are always thinking of new ways to expand their business, and one opportunity to consider is vertical integration. A company is vertically integrated when it controls more than one level of the supply chain. This can include owning or acquiring its upstream suppliers, owning or acquiring its downstream distributors or a combination of both.