There are a lot of considerations that new business owners must make for their businesses to be successful. They must focus on entity formation so that the right form is chosen to help the business reach its maximum potential. Furthermore, estate purchases much be made.
One of the fundamental decisions that business start-ups need to make is how to raise capital. Start-up companies have many options available to them as they grow. Some of these business formation options include taking on investors, but others allow business owners to retain full ownership over their businesses. Carefully considering how a small New Jersey business will be funded from the beginning of the process ensures that when problems arise, the business will not need to scramble for funds.
A recent article in The New York Times highlights an entrepreneur's success starting businesses online. The article profiles Ben Huh, an entrepreneur who took a risk in buying a website filled with funny-captioned goofy cat pictures and managed to turn the purchase into a wildly successful business. In the beginning, the start-up consisted of Huh and his wife, and he purchased the I Can Has Cheezburger website with $10,000 of his own savings and financing he solicited from investors. He has now expanded his "Cheezburger Network" to 53 sites, which attracted a record 16 million unique visitors in May. The company has 40 employees and has not needed additional investment funds.