When you start a business there are always surprises. Sometimes these are good events such as experiencing better growth than you expected. Therefore, you need to expand with a little more inventory or extra space. On other occasions, there’s bad news. Equipment breaks down or you lose your biggest customer.
Planning to start a business because you are an expert in the field is a likely road to profits. You can even create a new corporation as a part-time home-based business based upon your expertise. A popular avenue for this is to teach other people about a subject you’ve mastered.
We live in a litigation friendly country and because there are a so many people who use the legal system as a means to profit instead of recover, it is important that the new entrepreneur be cognizant of all state and federal laws when forming an LLC. Here are five legal pitfalls to avoid when […]
Starting your own corporation doesn’t have to involve beginning a new business. By using your corporation as a vehicle to buy an existing business, you can avoid several risks. An existing business already has a proven market, customer base, location, and reputation. Your corporation can purchase all of those things from the current business operator.
How many motivational seminars or books have stressed the power of the mind? As somebody starting a business soon or as somebody who has just opened their doors, you’ve undoubtedly found all of the advice you could before jumping in but how many times have you heard advice about the power of the mind? It’s […]
If you are planning to start a small business in the not so distant future, you may not be aware of an expense that could seriously eat in to your profit margin. It’s call the swipe fee and it’s the subject of some recent rulings by the Fed that have some small businesses upset.
Think back to the last time you went to a restaurant, bar, party or concert and watched a band or individual musician. If you’re like many, you may not have thought of those musicians as an actual business. The musicians you were watching may be making the same mistake as you did and it will cost […]
All successful entrepreneurs will tell you that an essential ingredient to operating a profitable business is remaining optimistic. You encounter many doubters when you start a business. They are quick to point out the inevitable obstacles for a new corporation. Optimism allows you t persist despite these confrontations.