You’ve been laid off from your job, and you’re applying to collect unemployment benefits. Can you use your unemployment benefits to finance your startup?
As David Sperstad learned more about the basics of small business ownership and the ins-and-outs of running a bike shop, he and his wife thought they might like to start their own shop.
Transforming your hobby into a profitable business can be accomplished when you do your due diligence and get your legal ducks in a row.
There are ways to validate your business idea before jumping in head first. That way, you can mitigate risks and build confidence in your idea before investing too much of your time and money.