Benetrends Blog

If you are considering launching a minority-owned business, it is helpful to understand which cities and states are the top considerations for like-minded entrepreneurs.  As seen in the recent post, Exploring Challenges and Opportunities for Minority...

For minority entrepreneurs, the opportunities are out there to start and build businesses that can thrive. As seen in the recent post, Exploring Challenges and Opportunities for Minority Business Owners in 2019, there are a growing number of minority-owned businesses...

A new study shows a remarkable increase in the number of minority-owned franchises in the United States.  If you are an entrepreneur considering opening a franchise business, the data shows the opportunity for business ownership. For many potential business...

Data from multiple sources yields good news when it comes to business ownership. The number of minority-owned businesses in the United States is on the rise. That is good news for those thinking of starting their own business. Yet many people of color still face...

Minority business owners face the same challenges as other entrepreneurs – developing a sound business plan, understanding the market and competition, and creating products and services that customers need. However, for many minority business owners, there are...

Of all the things to consider when opening a franchise, one would think the least important would be the exit strategy. This is a great time to think about the end game.  When the lifecycle of a business ends, the goal for an owner isn’t about the money that’s...

Benetrends understands entrepreneurs. For decades, we have worked closely with business owners to help them fulfill their ambitions.  With Benetrends, you will have a relationship that endures, covering all stages of your business development, launch, operations,...

Business roadmaps help chart a strategic path for your business and are a valuable complement to your business plan. With a business roadmap, you can quickly compare actual results against your assumptions and make adjustments to improve operations and profits. The...

Creating your business plan is a powerful process, designed to get you to think deeply about how your business will function, attract investors and customers, and become successful. Yet the business plan does not tell you every path to take, the twists and turns...

Your business plan is an essential document, designed to help you frame your business, market, competition, financials, and purpose. However, a good business plan needs to be revisited regularly as part of a continuous process of strategic business...