Business Archives

How to Start a One-Person Company: 3 Steps for Solopreneurs

Do you have a great idea for a business? Are you ready to get started except for that bit about knowing how to start? According to business consultant Paul Jarvis, starting and building a one-person company entails three steps. He says that you must build your skill set so that you’re prepared to run your own business, set up a strong financial and legal foundation, and develop strong customer relationships. Continue reading for details on how to start a one-person company.

The 3 Characteristics of a One-Person Business (+ Pros & Cons)

What exactly is a one-person business? How is it different from other types of companies? Is it the right choice for you? In Company of One, Paul Jarvis advocates for one-person businesses that limit their growth and focus on creating quality products and services. He argues that, by owning such a company, you can exercise more control over your work and form meaningful, successful relationships with customers. Read more to learn the three main characteristics of a one-person business.

How Companies Can Adapt to a Flexible Work Environment

What are the benefits of a flexible work environment? How should managers and employees adapt to a culture of workplace flexibility? The opposite of a traditional workplace, a flexible organization embraces practices such as employee autonomy, generous time off, and frequent adaptations. Since industries and markets are always changing, managers and employees should embrace flexibility to keep their companies relevant. Keep reading to learn why a flexible work environment is necessary for some companies, and how you can manage one.

Yellow Corp.’s Bankruptcy—What Actually Happened

What’s behind Yellow Corp’s bankruptcy? What does the future hold for those left in its wake? In early August, Yellow Corporation filed for bankruptcy, putting 30,000 workers out of a job. Potential impacts of Yellow’s shuttering include loss of contractual protections for the company’s union workers, the strengthening or weakening of labor unions, and taxpayer financial losses. Continue reading for a background on Yellow Corp and the events leading to its bankruptcy.

Contrarian Investing: How It Works and the Rewards

What’s a contrarian investing strategy? Why do smart investors do the opposite of what other investors are doing? Contrarian investing involves going against market trends to receive above-market returns. This means that when other investors are selling, you should be buying, and vice-versa. Discover more about contrarian investing, and why you should consider this methodology.

Why Are Malls Dying in the US? (+ How to Save Them)

Why are malls dying in the United States? What factors are contributing to their downfall? How can they adapt for the future? In the 1980s, the mall was a vibrant epicenter in America. Today malls are struggling to survive, their demise fueled by online shopping, large department store closures, and the COVID-19 pandemic. America’s 700 remaining malls are trying to stay alive by modernizing stores and digitizing processes. Keep reading to learn why malls are struggling and what can be done to revive them.

What Is a Market Cycle? (+ How to Take Advantage of It)

What is a market cycle? What determines intrinsic value? According to The Most Important Thing by Howard Marks, one reason why securities’ prices can diverge from their intrinsic value is that investing markets undergo cycles. These are pricing fluctuations often driven by factors beyond the business fundamentals that determine intrinsic value. Below we’ll examine the origins of market cycles, their implications, and how investors can exploit them for their own gain.

The 2 Crucial Principles of Business Management

What are the two essential principles of business management? What’s the importance of candor and differentiation in the workplace? Whether you’re running your own company or trying to climb the corporate ladder, learning basic principles will help you become a better leader. Jack Welch’s book Winning has two big-picture principles for running a successful company: candor and differentiation. Let’s look at these two principles and how you can apply them to your business strategy.

How to Engage Employees: 4 Tips for More Involvement

Are your employees uninspired and lacking productivity? How can you engage employees in the workplace? Hard-working employees are the foundation of a successful business. So when employees aren’t engaged in their work or with other workers, the business suffers. Below you’ll learn how to engage employees and the benefits of stimulating engagement.

How Rental Properties Make Money: 4 Profitable Ways

Why do people buy rental properties? How do rental properties make a profit? Whether it’s a commercial property or a single-family home, rental properties are valuable to invest in. If you’re wondering how these properties generate income, Brandon Turner’s book The Book on Rental Property Investing explains the process. Keep reading to learn how rental properties make money.