Nu2Biz

Here’s the straight talk on what you can find in Nu2Biz.  The name implies it all.  If you are new in business then this is the section for you.  Here you can find information on measuring your business’s potential and information on the different types of businesses whether they are web-based, home-based or store front.  You’ll find startup steps for launching a new business, purchasing an existing business or buying into a franchise operation.  You will also find start-up topics related to legal, marketing, management and financing.

This section is still under construction.  Check back often as we develop new content.  Add your suggestions for content on the feedback tab.

Social Networks: Ready to Join the Party? Selling Yourself On Facebook.

Wednesday, October 21, 2009 12:58

By Leigh Buchanan, Max Chafkin, and Ryan McCarthy |  Feb 1, 2008 Inc. Magazine

Though roughly two-thirds of all North American Internet users visit a social network at least once a month–and they spend four hours a month on these sites on average, according to ComScore, a Web-traffic research firm–most marketers have so far steered clear of social networks.

“The perception was that social networks were these crazy free-for-alls, basically an extended bar night,” says Max Levchin, co-founder of PayPal and founder of Slide, a San Francisco–based widget developer. “But the fear of putting brands on social networks is starting to subside.” (In the interest of full disclosure, Inc.’s parent company launched IncBizNet, a social network for the owners of private companies, last fall. Operators are standing by.)

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KFS Report on Credit Card Use

Wednesday, September 16, 2009 16:41

The Kauffman Firm Study  reports that credit card debt reduces the likelihood that a new business will survive its first three years of operation.  The report,  The Use of Credit Card Debt by New Firms, states that for every $1,000 increase in credit card debt the probability a new firm will close will increase by 2.2 percent.  However, the study did not find a statistical relationship between the use of credit cards to fund start-up costs and the subsequent business closures.