Here’s an interesting data from CNNMoney.com why entrepreneurship is the mother of innovation:

Small U.S. firms produce 13 times more patents than their large corporate counterparts do, according to the Small Business Administration. And small companies exercise disproportionate influence over technological progress. The proof: Small firm patents are twice as likely to be among the top 1% most cited patents.

I hope this blog will further help all entrepreneurs come up with innovative and profitable business ideas in the years to come.

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photo by Matt McGee

These are the basic steps to starting a small business. Contrary to what many starting business owners believe, having a business plan isn’t the first or the most important step. Follow these action plans and you’ll be well on your way.

Good Business Ideas

This is supposed to be obvious but some starting entrepreneurs tend to forget that this is a crucial step. Some say follow your passion and money will come. Others believe in exploiting the hot niches even if you don’t like it. It’s all up to you. Take time to read this blog and you will discover so many great business ideas that you may like to pursue.

Of course, there are different options to enter the market – build your business from scratch or buy a franchise/existing business. Once you know what industry or product to sell, then the nitty gritty begins.
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