Guide to Starting a Business for Millennials and Gen Z

Here’s some excellent news for entrepreneurs looking to start a business today: many high-quality resources are available for free online. The following links are great sources of inspiration and information for building a platform, website or business.

These days, online business content needs to be condensed into bite-sized blogs, videos, or other media. Fortunately, modern tools for creating websites or businesses are much more user friendly than previous ones, which helps business owners put them to good use right away.

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To find out more, watch: An Introduction to the Small Business Administration

There are many professionals who are making important contributions to thought leadership within the business world. The amazing part is that they write articles and create videos about their experiences, successes and tips and, often, make them available for free. Some that immediately spring to mind are:

Learn How To Build The Next Billion Dollar Startup from Forbes

A critical decision that business owners must make is which type of business model best suits their needs. Due to various legal, tax and reporting implications, choosing can be a bit overwhelming. Check out these resources and tools designed to help make it easier to choose a business structure.

Funding, such as securing loans, capital investors or credit lines, is an important part of starting or growing a company. Here are some general tips, followed by specifics about credit cards and small business loans.

Often, credit cards are associated with debt, interest, and fees. However, they can be a solid financing option for entrepreneurs who need the funding to start their businesses. According to a recent survey by Bank of America and the U.S. Trust, “half of millennial entrepreneurs, compared to 31 percent of founders overall, relied on external capital to fund their company.” Here is a good look at some of the ways to obtain money for the purpose of starting or expanding a business.

Learn more about the Best Way to Finance Your Small Business Expansion from Forbes

Obtaining loans for business use can be a bit tricky. There are many types to choose from, not to mention the other specifics that need to be ironed out before requesting a loan. For instance, consider what the loan is going to be used for, exactly. Other decisions needed include what length the loan should be and which assets can be used as collateral. For more on the subject, peruse the following:

Find out more about Small Business Administration Loans here

As many graduates know, debt is a burden that can haunt a person for decades. Student loans in 2017 alone totaled over $5.9 trillion, according to the Board of Governors of the Federal Reserve System. So it should come as no surprise that many Millennial and Gen Z entrepreneurs are not keen to pile on more financial obligations. Here are the best tips and tricks to avoid debt while starting a business.

Investing can be an excellent way to grow a company. There are many opportunities to watch for and many pitfalls to avoid along the way. Make sure to know which situations to go for and which to avoid at all costs by checking out the following content.

Learn How to Avoid Spending more than you Earn at a Startup

Discover the Poor Millennial’s Guide To Investing by Forbes