Elorus Team

Solopreneur or Entrepreneur? Read this and decide!

Solopreneur – Self-employed – Freelancer – Entrepreneur; all these titles seemingly have the same meaning but the reality is that there are subtle differences between them. This is especially true when comparing the one-man business to entrepreneurship. There’s this common misconception that all solopreneurs are entrepreneurs. This couldn’t be farther from the truth as these two categories of professionals have a …

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Elorus Team

How to start a business with no money

All too often it happens to hear the following phrase from a friend or relative: “I want to start my own business, but I don’t have the capital to do it”. It is a well-known fact that, in order to realize your startup dream, you first need to cover some initial expenses to get it off the …

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Elorus Team

5 small business essentials you shouldn’t overlook when launching

Starting a new business venture is always exciting! You get to channel all your inspiration and creativity to something that can allow you to make a living, what could be more satisfying? However, starting a business has quite a few responsibilities hence can be a stressful process! As an owner, you got tons of paperwork to file, and every …

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Elorus Team

What does bootstrapping your business mean? Is it for you?

Wikipedia defines bootstrapping as “startup (an Internet-based business or other enterprise) with minimal financial resources.” And it’s a fairly accurate description. But how do you actually bootstrap a start-up business? You begin where you are and you raise your company from the ground up without external help. This doesn’t mean that you start with minimal capital though, you …

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Elorus Team

Choosing the right corporation structure for your small business

You decided to start your own small business and probably realized early on that it’s no easy task. Except determination, knowledge in your field and a relative experience, you need all sorts of business-y knowledge. Managing a business, no matter if you’re solo or partnered, requires a lot of hard work and dedication. But in …

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Elorus Team

Benefits of incorporating a business in the US

There is no doubt that owning a small business comes with a lot of benefits and flexibility. You get to do things your own way, chase your dreams as far as they can go and hopefully you will earn a decent living out of it. Most small business owners focus on expanding their trade and finding new ways …

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Elorus Team

Quitting your job to chase your startup dream? Read this!

Cubicles. Endless meetings. Pointy-haired bosses. Executives without a clue. Tedious PowerPoints. There’s a lot not to like in the typical 9-5 job. Then there’s the lure of starting your own business. Being your own boss. Creating something that you really like — and perhaps making it big, if it resonates with the market. If those Instagram …

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Elorus Team

Back to basics: Starting a new business

Ideas for new business ventures may strike you anytime, anyplace. It could be a marketplace gap you noticed after a purchase fail, a personal experience that urged you to act for solving a problem or, ideally, something truly innovative that you’ve been working on for a long time. No matter the circumstances, bringing your vision to life is important for …

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Elorus Team

Do you have what it takes to become a successful entrepreneur?

The 1 billion dollar question every young person aspiring to become the next Mark  Zuckerberg asks themselves: “What makes a successful entrepreneur?” Is it a degree from an elite education institution? Is it having a Type-A personality? Or is it just good old luck? There are examples of success stories that include all those traits, but Bill …

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Elorus Team

5 good excuses to quit your job (and start a business)

If you think quitting your job is crazy, you can stop reading now. Clearly, you are not prepared, psychologically, financially, or otherwise, for making such a jump. Or you are perfectly satisfied with your job, which is totally cool too. If on the other hand, you have been having an urge to quit your job for a …

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