Streamlining Business Startups in the Bayou State BIZ Magazine [Video]
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Entrepreneurship

Streamlining Business Startups in the Bayou State BIZ Magazine [Video]

Aspiring entrepreneurs in Louisiana have a powerful resource at their fingertips with Louisiana BizHub, an online platform designed to guide individuals through every step of starting a business in the state. With comprehensive resources, tools, and support, BizHub simplifies the process for newcomers and seasoned business owners alike.

One-Stop Resource for Business Success

Louisiana BizHub, a collaboration between the Louisiana Economic Development (LED) and other state and local partners, serves as a centralized hub for anyone looking to start, grow, or expand a business. The platform walks users through critical steps, such as:

Tailored Guidance for Startups

One of Louisiana BizHub’s standout features is its step-by-step guidance, designed to demystify the startup process. From selecting a business structure (LLC, sole proprietorship, corporation, etc.) to understanding tax obligations, the platform ensures users are equipped with the knowledge and resources to succeed.

The site also highlights Louisiana-specific advantages, such as state tax incentives, industry-specific training programs, and access to workforce development …

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Starting a Business [Video]
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Entrepreneurship

Starting a Business [Video]

Starting a business can be one the most exciting things you'll do in life. It can also be the scariest. According to the latest statistics on the percentage of businesses that fail in the United States, we see that of the 678,135 new businesses that were started in 2015, more than one-fifth (20.4 percent) closed after their first year in operation.The percentage of businesses that fail increases to 30.9 percent in the second year and 38.6 percent in the third year. By the fifth year in 2020, the new business failure rate reaches 50.0 percent. Needless to say, it's hard! The ones that succeed do so not only because they work hard and get lucky. These entrepreneurs spend an immense amount of time creating a plan and execution strategy. It takes a lot of discipline to overcome the challenges. In this episode I'll discuss the basic questions you want to ask yourself when starting a business.

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