Networking

Business networking is a socioeconomic activity by which groups of like-minded businesspeople recognize, create or act upon business opportunities. A business network is a type of social network whose reason for existing is business activity.

Franchise

A franchise is a business model that involves one business owner licensing trademarks and methods to an independent entrepreneur. Sometimes, franchises are referred to as chains.

Mentor

A mentor is a person with experience in business who can help an entrepreneur hone her or his abilities and advise him or her on navigating new challenges. Mentors can be a boon to an entrepreneur, whether they provide pointers on business strategy, bolster networking efforts, or act as confidantes.

Natural Selection: Evolution is Essential to Business Survival

Renata Golden

Renata Golden, CEO, Golden Ink, Inc.

Businesses, like people, need to grow to stay relevant — even if the owner wonders where she’ll find the hours to devote to something that already consumes every hour she’s not sleeping.

Golden Ink reached that pivotal moment in 2012, when I had to decide whether to build it or to prune and risk killing it.  The 100-hour workweeks had become unsustainable, but I was loath to stifle the natural expansion of a business I’d worked so hard to build and hoped one day to sell.

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Re-Lending

The dispersal of funds from a primary lender by a secondary lender.