Have you noticed that when you’re laying out your day or week, you always plan for 100% efficiency? If you have 5, 8 hour days, you plan to work all 40 of those hours and your efficiency is slated to be 100%. Sounds like a plan that will grow your business by leaps and bounds, […]
The right angel investor should become an impressive advocate for your company. Don’t simply hope to bump shoulders with someone who might be remotely interested in making an investment in your company. Identify individuals you trust to help fulfill your vision.
Incorporating a business have some advantages in terms of tax benefits. For instance, business trips for members of a board of directors are tax-deductible expenses. Travel for business occurs when duties require your absence from the general area of your tax home for a substantially longer period than an ordinary workday.
When a young company looks for investment capital, the sources closest to home present the most ideal opportunities. Potential investors include friends, neighbors, relatives of your employees, and the people that those people know. All of them are flattered by an offering to participate in something special.
Investors in qualifying businesses are entitled to special tax benefits. The tax incentives present an advantage for individual investors to provide companies with new long-term capital investment.
Maybe you aren’t doing this but many of your peers are. They are forgetting to calculate the value of their time in to their company’s profit/loss reports and as a result your peers are not noticing a huge hole in the bucket of efficiency: They are spending too much time doing tasks that should be […]
Business owners have discovered that selecting S corporation tax status results in business profit not incurring self-employment taxes—the employer and employee shares of Social Security and Medicare.
After developing a great product, the entrepreneur’s burden is delivery to the market. And that requires operating capital.