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Opinions expressed by Entrepreneur contributors are their own. The search fund model is a method of investing that enables entrepreneurs to take a unique path to business ownership. It is structured to help searchers (entrepreneurs who engage in the search fund model) acquire, operate and scale an existing business instead of building one from scratch. By offering a rapid path to business ownership, and CEO status, search funds have created a new breed of entrepreneur — those who embrace the notion of plug-and-play. A critical factor in the search fund equation is the economic upside searchers could see for their efforts. Historically, this has meant a 32.6 % internal rate of return and a 5.5x multiple on invested capital. Related: How To Find Success During Search Fund Launches Value creation With competition brewing in the form of fellow searchers and even some traditional private equity funds showing interest in acquiring smaller businesses, how do searchers...

Opinions expressed by Entrepreneur contributors are their own. Starting a business can be one of the most exciting and rewarding things you'll ever do. The process has its challenges, but it's important not to let misconceptions about them stop you from trying. In this article, we'll go over seven common misconceptions about starting a business. Misconception 1: You don't need a business plan. There are a lot of misconceptions about starting a business. One of the most common is that you don't need to write a formal business plan. It's easy to understand why this would be so — after all, who has time for more paperwork when you're trying to keep things going as efficiently as possible? The problem with skipping the planning stage is that it can lead to wasted time, money and a poorer product or service than what you could have created. An example of this is advertising: many start-ups spend thousands on ads without thinking through th...

Opinions expressed by Entrepreneur contributors are their own. You've likely pursued traditional business insurance. But when it comes to protecting your business from a myriad of outside threats in today's complex and ever-changing environment, is traditional insurance enough — or even the right fit? With the hardening of the insurance market and costly premiums , it's a timely question, especially as more and more businesses are looking to alternative risk transfer. And an increasingly trending option is captive insurance as worldwide more than 100 captives formed last year as reported by Business Insider . Related: 4 Ways to Protect Your Business From Inflation Background of traditional and captive insurance Traditional insurance has built up a portfolio of coverage offerings and options for businesses. Some components of traditional insurance include risk distribution, tax deductibles on premiums and many blanket insurance coverages such as gener...

Opinions expressed by Entrepreneur contributors are their own. A November 2022 survey by Gallup finds that 46% of hybrid employees report being engaged at work when their team determines their hybrid work policy of when to come to the office. By contrast, if employees are free to determine their own approach, only 41% report being engaged. If the leadership determines the top-down policy for everyone, only 35% are engaged, and if it's their direct supervisor, 32% are engaged. It makes sense when you think about it. Team members know best what they need in order to collaborate and socialize together effectively. After all, the only useful function of the office is to facilitate collaboration, socialization and mentoring: people are much more productive in their individual tasks at home. So it makes all the sense in the world for the rank-and-file teams to determine what works best for their needs. Yet the Gallup survey shows only 13% of employees say that t...

Opinions expressed by Entrepreneur contributors are their own. Scaling your business might sound like a dream come true. But without the proper infrastructure in place, it can quickly turn into an absolute nightmare. Trying to grow when you haven't put solid building blocks in place is like throwing up a tent on quicksand. It won't be long before you sink — and at that point, getting out might not be an option. Many companies, especially newer ones, overlook the importance of infrastructure in business. Unfortunately, their oversight can often lead them to fail when they try to gain steam. A 2022 CB Insights study of failed startups revealed the top dozen reasons that can lead to an organization's demise. Three of those reasons are related to a lack of proper infrastructure: a flawed business model (19%), a poorly hired team (14%) and stakeholder disharmony (7%). You might want to think of constructing your infrastructure like planning a vacation. ...

Opinions expressed by Entrepreneur contributors are their own. Inventory management sounds simple enough in theory, but real-life logistics can quickly become very overwhelming and complicated. The Covid-19 pandemic disrupted the supply chain overnight, affecting everything from consumers' ability to buy toilet paper to a skyrocketing housing market. We're not completely out of the woods yet, but we're getting closer. But even if we aren't in the midst of a global pandemic, you can still encounter a situation that creates a supply chain nightmare. Inclement weather, trade restrictions, work strikes and geo-political events can all lead to inventory challenges for businesses. It's really a matter of when — not if — a supply chain problem happens, which is why it's crucial to prepare your business ahead of time. These six strategies can help you secure the inventory you need when facing a supply chain disruption: Related: Inventory Managem...

If you or a loved one are experiencing domestic violence or intimate partner violence, please call the National Domestic Violence Hotline at 1-800-799-7233. Antonio Masiello / Contributor I Getty Images Apple AirTags. Two women are suing Apple over what they said were ongoing incidents of stalking and harassment by former romantic partners who used Apple's AirTag product to do so, according to a lawsuit filed in San Francisco-area Northern District of California court on Monday. The proposed class action accuses the tech giant of releasing a product with safeguards that are "woefully inadequate, and do little, if anything, to promptly warn individuals if they are being tracked," the suit said, per Bloomberg . The plaintiffs are seeking a yet-to-be-named sum. In the San Francisco lawsuit, a woman said her boyfriend attached an AirTag to the wheel of her car to locate her ne...

The homegrown chip revolution has come to Phoenix. Bloomberg I Getty Images Taiwan Semiconductor Manufacturing factory in Phoenix. On the heels of several factors including COVID-disrupted supply chains and a bevy of government incentives, global chip giant Taiwan Semiconductor Manufacturing Company (TSMC) announced in a ceremony on Tuesday it would open two semiconductor chip manufacturing facilities in Arizona — and Apple said it would be one of the plant's first patrons. "Thanks to the hard work of so many people, these chips can be proudly stamped 'Made in America,'" said Apple CEO Tim Cook at the event, per CNBC . Semiconductor chips are typically made from silicon and are used in nearly every electronic device, from smartphones to microwaves. It is often a cyclical industry, but the general chip shortage that began with the pandemic in 2020 grew painful for ...

Rising retail theft could drive companies like Walmart to close stores or raise prices, said Walmart CEO Doug McMillon at an appearance on CNBC's "Squawk Box" Tuesday. "Theft is an issue. It's higher than what it has historically been," he told the program. Companies have faced increasingly organized and brazen thefts from retail stores. In Palo Alto, California in late November, two men stole devices from an Apple store in a large crowd of people, making off with some $35,000 into a getaway car, according to Palo Alto Online . "If that's not corrected over time, prices will be higher, and/or stores will close," McMillon also said on the show. The National Retail Federation said in its 2022 Retail Security Survey that 32.8% of surveyed retailers said organized retail crime has become "much more" of a priority and increased risk in the past five years. "Violence is an increasingly important concern among retailers...

Opinions expressed by Entrepreneur contributors are their own. Consumers are increasingly exhibiting preferences for ethical products, transparency, sustainable practices, personalization, convenience and digitization — and it's driving big changes across the retail industry as brands take note and adapt. Across the board, consumer expectations are raising the bar for retailers. This leaves leaders with two choices: hesitate, reach a tipping point and be forced to pivot (and risk losing customers along the way), or stay in sync with consumers and make impactful operational changes now. On the logistics front, here are three ways retailers can embrace consumer cues on sustainability, transparency and customer service in 2023 and beyond: 1. Sustainable shipping Consumers have come to expect environmental responsibility from the brands they shop. Across generations, consumers are even willing to pay more for sustainable products. In fact, 90% of Gen Z consumers...

Hear from leaders prioritizing people-first places. While the benefits of people-first practices have long been established in public health and building science research, recent studies show organizations that make strategic investments in health see strong economic returns. We summarized the research to inform better decisions for your business. IWBI's research review examines the business case for investing in health. Whether you are interested in how healthy buildings can strengthen your real estate returns or want to dive into the science behind improved productivity and performance ⁠— the review has something for everybody. https://www.tausiinsider.com/investing-in-health-pays-back/?feed_id=327806&_unique_id=64183c93633d1

Opinions expressed by Entrepreneur contributors are their own. Three things must fall into place to retrain your brain for wealth and change the trajectory of your life. This entrepreneur used the "3 E Method" to turn around a failing business in a few short months. https://www.tausiinsider.com/how-this-entrepreneur-went-from-broke-to-2-3-million-in-sales/?feed_id=326788&_unique_id=6408915936f8a

Opinions expressed by Entrepreneur contributors are their own. If you're selling goods, your business could lose out by keeping your own inventory. But using Amazon drop-shipping services may help you earn up to 50% more profit. StackCommerce If you want to learn how you can make the switch, then take a look at this all-in-one online training. This 11-course program costs just $34.99 and can help you learn the basics of using Amazon Private Label, selling through your own Amazon store , and more. Save your business money by using Amazon drop-shipping. If you want to reduce the cost of keeping products in stock, one of Amazon's fulfillment models could be the solution. Start by learning the differences between Amazon drop-shipping and Amazon FBA in The Last Amazon FBA Course and How to Retail Drop-ship on Amazon in 2022. These two courses account for 55 hours of...

Out of all the programming languages you need to learn in the IT industry, SQL is one of the most important. SQL is so integral to modern big data access and organization processes that it's never a bad idea to grasp the basics of this language, even if you don't work in the IT industry. This article will break down what SQL is, how it works and when this language is used for everyday operations. What is SQL? SQL stands for "structured query language." This core programming language is primarily used to manipulate or communicate with information databases. For example, when a computer requests information from a local library, SQL facilitates information transfer between that terminal and the library's database. However, SQL is also frequently used by businesses. SQL enables enterprises to access and organize the mountains of data they collect from their customers, which is increasingly common and important today. Related: Learn How to Manage Data L...

Opinions expressed by Entrepreneur contributors are their own. When looking ahead to a new year – and more pressingly, a new quarter – for your small business, you can feel overwhelmed. You know you want to cut costs, save money, and make a profit, but are there any easy ways you can do that -- without laying people off, either? Eva-Katalin | Getty Images Sure there are. Here are seven ways European businesses can cut costs without trimming headcount. 1. Outline job duties. At the outset of the year, work with human resources to outline the exact job duties for each employee. This helps them each keep track of what they are expected to do, helps you monitor to make sure everything is being done correctly and on time, and also enables you to avoid overstaffing because each duty will be formally and clearly assigned to a staffer. Overstaffing will cost you quite a bit of ...

Workers who contended that a Burger King franchising group committed wage theft succeeded in garnering a decision that demands the company pay some $2.2 million in back wages, penalties, and interest, according to The San Francisco Chronicle . Jeff Greenberg / Contributor I Getty Images Burger King in Mumbai. "I am happy that justice is being served," said Daniel Marini, who previously worked at one of the relevant Burger Kings, in a release . The Golden Gate Restaurant Group was ordered to make the payments by the California Labor Commissioner's Office. "I hope this sends a message to other workers: don't be afraid, if something is wrong and you're being exploited, you can stand up, speak out, and win," Marini added. The $2.2 million has a few components: Over $724,000 is unpaid wages and the interest accrued, $1.2 million is penal...

Opinions expressed by Entrepreneur contributors are their own. Running a business is expensive, but shifting to a sustainable, more environmentally friendly strategy could lower your operating cost by as much as 60%. U.S.-based companies can also benefit from tax breaks and rebates for incorporating sustainable practices . You could hire a sustainability expert to consult on your business practices, or you could become one yourself. The 2023 Complete Renewable and Electrical Energy Engineer Preparation Bundle could help you stay informed on the latest sustainable-energy practices you can use in your business. StackCommerce This 38-hour informational bundle may help you create large and small-scale changes in your business. An understanding of wind turbines could help you invest in green energy solutions. A few lessons in the Basics of Solar Energy course may help you c...